2. Disclaimer
2
Forward-Looking Statements; Non-GAAP Financial Measures
Throughout this presentation we make forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements
are generally accompanied by words such as ‘‘plan,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘believe,’’ ‘‘should,’’ ‘‘would,’’ ‘‘could,” “potential,” ‘‘anticipate,’’ “project” or other words
that convey uncertainty of future events or outcomes. Everi Holdings Inc.’s (“Everi” or “our”) actual results could differ materially from those stated or implied by these forward-
looking statements due to risks and uncertainties associated with Everi’s business. Factors which could cause Everi’s actual results to differ from those projected or contemplated
in any such forward-looking statements include, but are not limited to, the following factors: (1) our ability to maintain a broad customer reach, cross selling opportunities and a
combined sales force able to address customers’ needs; (2) our game development studios’ ability to increase the product library and develop new enhancements to include in
newly developed content; (3) our ability to obtain approval of new products in new and existing gaming jurisdictions; (4) the failure of analytics for gaming operations to
adequately predict or measure gaming operations; (5) our ability to identify the cost structure and capital spend required to operate at current business levels; (6) our ability to
secure brand license arrangements and to complete development of games using these brands; (7) our ability to introduce new products and services; (8) expectations regarding
customers’ preferences and demands for future gaming offerings; (9) expectations regarding timing for recognition of revenue from new markets; (10) our ability to leverage
integrated games and payments products; and (11) expectations regarding product approvals for our games and our ability to introduce games into field trials. The foregoing
review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements
that are included herein and elsewhere, including the risk factors included in Everi’s most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange
Commission. Except as required by applicable law, Everi undertakes no obligation to publicly update any forward-looking statement, or to make any other forward-looking
statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Readers are cautioned not
to place undue reliance on forward-looking statements, which are based only on information currently available to Everi and speak only as of the date of this communication.
Additional Notes
This presentation contains industry market data, industry forecasts and other statistical information. Such information has been obtained from publicly available information and
industry publications. Everi has not independently verified such information and makes no representations as to the accuracy of such information.
Non-GAAP Financial Measures
In order to enhance investor understanding of the underlying trends in our business and to provide for better comparability between periods in different years, we are providing in
this presentation Adjusted EBITDA and Adjusted EBITDA Margin, which are not measures of our financial performance or position under United States Generally Accepted
Accounting Principles (“GAAP”). Accordingly, these measures should not be considered in isolation or as a substitute for, and should be read in conjunction with, our net earnings
(loss), operating income (loss), basic or diluted earnings (loss) per share and cash flow data prepared in accordance with GAAP. Everi defines Adjusted EBITDA as earnings (loss)
before interest, taxes, depreciation and amortization, non-cash stock compensation expense, goodwill impairment charges, accretion of contract rights, write-down of note
receivable and warrant, loss on the sale of the aircraft, acquisition and other costs related to mergers and purchase accounting adjustments, separation costs related to the
Company’s former CEO, and manufacturing relocation costs less a benefit from one-time legal settlement proceeds. We present Adjusted EBITDA as we use this measure to
manage our business and consider this measure to be supplemental to our operating performance. We also make certain compensation decisions based, in part, on our operating
performance, as measured by Adjusted EBITDA; and our new credit facility and existing senior unsecured notes require us to comply with a consolidated secured leverage ratio
that includes performance metrics substantially similar to Adjusted EBITDA. We define Adjusted EBITDA Margin as Adjusted EBITDA divided by revenues.
A reconciliation of Everi’s most directly comparable GAAP measure to Adjusted EBITDA and Adjusted EBITDA Margin is included in Everi’s earning releases located on Everi’s
website at ir.everi.com. Additionally, a reconciliation of each segment’s operating income (loss) to Adjusted EBITDA is also included. On a segment level, operating income (loss)
per GAAP, rather than net earnings (loss) per GAAP, is reconciled to Adjusted EBITDA as Everi does not report net earnings (loss) by segment. In addition, Adjusted EBITDA Margin
is provided on a segment level. Management believes that this presentation is meaningful to investors in evaluating the performance of Everi’s segments.
3. Industry’s Only Games & Payments Provider
3
The Only Single Source Provider of Robust Payment Solutions and Engaging Games
Games Payments
• Everi is dedicated to providing state-of-the-art video and mechanical reel gaming content and technology solutions,
integrated gaming payments solutions and compliance and efficiency software to casino operators
• LTM 1Q17 consolidated revenue of $891.2 million and consolidated Adjusted EBITDA of $206.4(1) million
• Only single source provider of complementary games and payments products
• Strong recurring revenues from substantial base of
leased and participation gaming machines
• Complementary sales of gaming
machines and related equipment
• Games provides the central
determinant system for the
~18,000 video lottery terminals
installed in the State of New York
• LTM 1Q17 revenue of
$220.4 million and Adjusted
EBITDA of $117.7(1) million
• Provides standard ATM, 3-in-1 ATM, cash advance,
check warranty, fully integrated kiosks, information
services, Central Credit, anti-money laundering
and tax compliance software
• Long-term contracts for recurring
services account for nearly all of
Payments revenue
• LTM 1Q17 revenue of
$670.9 million and Adjusted
EBITDA of $88.7(1) million
1) Adjusted EBITDA is a non-GAAP measure. Reconciliations to the most directly comparable GAAP measure for historical periods can be found in applicable earnings releases
located on Everi’s website at ir.everi.com
4. Games Segment Overview
Strong Recurring Revenue Base, Robust Margins
• 13,022 gaming units (8,241 Class II and 4,781 Class III)
installed as of March 31, 2017
• Revenue derived from revenue-sharing arrangements or
daily fixed lease fees
• Supplies central determinant system for ~18,000 video
lottery terminals ("VLTs") in the State of New York
• 53% Adjusted EBITDA Margin
Expanding Proprietary Class II and Class III Offerings
• Broad portfolio of gaming machine products, including
award-winning TournEvent slot tournament system and
Wide-Area Progressive (“WAP”) products
• New slot themes based on licensed, branded content
$165.7
$204.2 $207.0 $214.4 $213.3 $220.3
23.7% 23.2%
1.4% 3.6%
-0.5%
6.2%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
2012 2013 2014 2015 2016 LTM 1Q17
Revenue
4
Note: $ in millions; fiscal year ended December 31
$79.9
$106.6 $110.9 $116.0 $117.7
48.2%
52.2% 53.6%
57.3% 54.4% 53.4%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
$0.0
$25.0
$50.0
$75.0
$100.0
$125.0
$150.0
2012 2013 2014 2015(2) 2016 LTM 1Q17
Adjusted EBITDA(1)
Adjusted EBITDA Adjusted EBITDA Margin %
Premier Supplier of Exciting Games Across Multiple Platforms
1) Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. Reconciliations to the most directly comparable GAAP measure can be found in applicable earnings
releases located on Everi’s website at ir.everi.com
2) Adjusted EBITDA for 2015 includes a gain of approximately $4.0 million from the sale of certain assets of PokerTek, which was purchased by Multimedia Games in 2014.
Excluding this gain, Adjusted EBITDA would have been $118.8 million and Adjusted EBITDA Margin would have been 55.4%.
3) Represents LTM 1Q17 growth versus LTM 1Q16
Gaming
Operations,
17%
Machine
Sales, 7%
Payments
Segment, 76%
2016 Consolidated Revenue
$4.0
$118.8
$122.8
(3)
(3)
5. Payments Segment Overview
Dominant provider of gaming payments solutions in
North America
Long-term contracts provide significant recurring
revenue derived primarily from ATM cash withdrawal,
cash advance and check service fees
• Processed 89.7 million transactions totaling $22.2 billion in
dollar volume in LTM 1Q17
Best-in-class provider of secure payments solutions
enhanced by fully integrated kiosks, credit reporting
services, compliance solutions and casino marketing
services
• Allows casinos to reduce labor, coin handling and cage
cash while enhancing compliance and security
$584.5 $582.4 $585.6 $612.6 $646.2 $670.9
7.4%
-0.3% 0.5%
4.6% 5.5%
8.6%
-15.0%
-5.0%
5.0%
15.0%
$0.0
$200.0
$400.0
$600.0
$800.0
2012 2013 2014 2015 2016 LTM 1Q17
Revenue
Revenue % Growth
5
1) Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. Reconciliations to the most directly comparable GAAP measure can be found in applicable earnings
releases located on Everi’s website at ir.everi.com
2) Represents LTM 1Q17 growth versus LTM 1Q16
$79.3
$71.2
$76.0 $77.6
$82.0
$88.7
13.6%
12.2%
13.0% 12.7% 12.7%
13.2%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
$0.0
$20.0
$40.0
$60.0
$80.0
$100.0
2012 2013 2014 2015 2016 LTM 1Q17
Adjusted EBITDA(1)
Adjusted EBITDA Adjusted EBITDA Margin %
Market Leading Provider of Cash Access and Compliance Products and Services
Note: $ in millions; fiscal year ending December 31
Games
Segment, 24%
Check
Services, 3%
Other, 5%
Check
Advance, 29%
ATM, 39%
2016 Consolidated Revenue
(2)
(2)
6. Summary Recent Financial Performance
6
1) Adjusted EBITDA is a non-GAAP measure. Reconciliations to the most directly comparable GAAP measure for historical periods can be found in applicable earnings releases
located on Everi’s website at ir.everi.com
Revenue Adjusted EBITDA(1)
Note: $ in millionsNote: $ in millions
$48.2 $55.3
$157.6
$182.3
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
1Q16 1Q17
Games Payments
$207.6 $220.3
$617.7 $670.9
$0.0
$300.0
$600.0
$900.0
LTM 1Q16 LTM 1Q17
Games Payments
$28.4 $30.1
$17.3
$24.1
$0.0
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
1Q16 1Q17
Games Payments
$120.6 $117.7
$74.9 $88.7
$0.0
$50.0
$100.0
$150.0
$200.0
$250.0
LTM 1Q16 LTM 1Q17
Games Payments
14.7% Y/Y
Growth
15.7% Y/Y
Growth
6.2% Y/Y
Growth
8.6% Y/Y
Growth
6.0% Y/Y
Growth
39.3% Y/Y
Growth
2.4% Y/Y
Decline
18.4% Y/Y
Growth
$205.8
$237.5
$825.3
$891.2
$45.7
$54.2
$195.5 $206.4
7. Key Recent Highlights & Wins
• Sold 1,018 units in 1Q17, up 136% Y/Y; fourth consecutive quarter of Y/Y unit sales growth
• Went live for the first time with ATM services in Canada at 29 properties in 3 provinces
• Launched Jackpot Lockdown™ WAP link developed exclusively for Class II markets
• New Class II video reel WAP link featuring licensed brands expected to be introduced
beginning in late 2Q17
• Strong level of new Payments customer wins occurring since 1Q16, including new casino
openings and competitive take-outs
• Strong game development capabilities, with studios in Austin, Chicago and Reno
• In 3Q16, entered Alberta market with largest-ever single quarter Games sale of new units to
single customer (194 units) and 54 units placed on a lease arrangement
• Newest Washington State casino, ilani, features Everi’s industry-leading fully integrated 3-in-
1 kiosks and newest games on Core HDX® cabinet, including TournEvent®
• Won both Games and Payments contracts at new MGM National Harbor and del Lago Resort
openings due to long standing customer relationships
• Introduced first participation games based on licensed content with Smokin’ Hot Stuff (live in
late March) and Richie Rich (live in early April)
7
8. Recently Completed Refinancing Transaction
• $820 million First Lien Term Loan (May 2024) and $35 million revolving credit facility (May 2022)
• Springing maturity feature accelerates maturity to 3-4 months inside of existing Senior Unsecured
Notes if the Senior Unsecured Notes are not refinanced before January 2022
• Proceeds used to repay $335 million in former Senior Secured Notes and $462.3 million former
Term Loan
• Priced at LIBOR plus 450 basis points, with 1% LIBOR floor
• Represents 75 basis point reduction from former Term Loan variable rates and nearly 175 basis
point benefit to fixed rate provided by former Senior Secured Notes
• Results in approximately $8 million of annual cash interest savings based upon current interest rates
• Maximum covenant compliance ratio increased to 5x Adjusted EBITDA through September 30, 2018
• Definition of Consolidated Adjusted EBITDA amended to add back interest expense paid as part of
Vault Cash arrangement
• Consolidated Secured Leverage Ratio at March 31, 2017 under new facility and terms is approximately
3.62x compared to maximum senior leverage of 5.0x
• Provides significant cushion as TTM Adjusted EBITDA through September 2018 needs to be ~$155
million or greater to remain in compliance
8
9. Extensive Reach and Scale
9
Everi is Now Licensed in Over 200 Jurisdictions and Serves Over 1,000 Gaming Properties Globally
Games
Gaming Segment
• Installed base of leased and participation games includes 13,022 units as of March 31, 2017
• Licensed in every major jurisdiction in North America
• Recently expanded Games and Payments presence to multiple provinces in Canada
• Newer premium game installations have ramped to 14% of installed base
• New WAP platform expected to accelerate further premium installations
Payments Segment
• Dominant, best-in-class provider of integrated gaming payments solutions in North America
• Processed 89.7 million transactions totaling $22.2 billion in dollar volume in LTM 1Q17
• Standard ATM
• 3-in-1 ATM
• Cash Advance
• Check Warranty
Everi Has Significantly Expanded its Footprint and Diversified its Geographic Reach
Kiosks
• Fully Integrated Kiosks
• Reporting
• Marketing
Information Services
• Central Credit
• Marketing
• Anti-Money Laundering and
Tax Compliance Software
10. Strong Record of Technology Innovation
10
TournEvent
• Industry leading, award-winning slot tournament system cited
as the market’s best slot tournament solution with 61% share(1)
State of New York VLT System
• Developed one-of-a-kind central determinant system for the NY
Lottery, which interfaces with, provides outcomes to, and
manages approximately ~18,000 VLTs
Wide-area Progressive
• Development of WAP platform to support branded and
proprietary game links in the Class II and Class III markets
Game Development Studios
• Strong game development capabilities, with studios in Austin,
Chicago and Reno
• Strategically targeting third-party content such as Casablanca,
Penn & Teller and Fruit Ninja, which lend themselves to player
appeal and innovative game play
Premium Products
• Introduced HD dual screens, LCD panels and new top box
technology, growing premium cabinets to 14% of installed base
• Developed Everi Bet™, a new bet configuration software that
was named to Casino Journal’s Most Innovative Gaming
Technology Products for 2015
Games
1) EILERS-FANTINI Slot Survey – 4Q16.
11. Strong Record of Technology Innovation
11
Dedication to Network Infrastructure and Security
• Strategic investments in infrastructure and security make Everi a
best-in-class provider of secure payments solutions
• First casino industry payments provider to be fully end-to-end
Europay, MasterCard® and Visa® (“EMV”) compliant
Innovative Solutions and Enhancements
• Developed 3-in-1 Rollover ATM technology which drives
incremental cash to the casino floor
• UniversalXchange with Universal Integrated Management
provides enhanced platform for Everi’s fully integrated kiosk
solutions
• Jackpot Xpress™, recognized as one of Casino Journal’s Top 20
Most Innovative Technology Products for 2016, allows for
efficient mobile-based slot jackpot processing
• CageXchange™ and RecyclerXchange™ cash management
solutions designed to accelerate transaction speed and
efficiency, improve cage count accuracy and enhance the overall
customer experience
• Everi Cares™ Giving Module creates opportunity for patrons to
give to charities while reducing coin handling on the casino floor
Evolving Digital Capacity
• CashClub Wallet™ decentralizes payments throughout the
gaming enterprise and offers an enhanced, streamlined player
experience and reduced cash footprint for operators
Payments
12. Successfully Executing on Business Plan
12
Leveraging Long-Term Customer Relationships Across Games and Payments
2015
Scarlett Pearl
• New customer
• 3Q15
• Cash Access product suite
• 76 games sold and/or leased
Desert Diamond Casinos &
Entertainment
• New Payments / existing
Games customer
• 3Q15
• Cash Access product suite
• 214 games sold and/or leased
2016
Alberta Gaming & Liquor
Commission
• New Games / existing
Payments customer
• 3Q16
• 248 games sold and/or leased
MGM National Harbor
• New casino / existing
customer
• 3Q16
• Cash Access product suite
• Games sold and/or leased
2017
Ilani
• New customer
• 1Q17
• Cash Access product suite
• 150 Games sold and/or leased
Expanding the Product Offering
• Expansion of Games offering to include new hardware options (e.g. Core HDX and Empire HDX cabinets), licensed and
branded premium game content, WAP products and digital / interactive offerings
• New Payments products to complement existing core cash access services including CageXchange™ and
RecyclerXchange™ cash management solution, Jackpot Xpress™, CashClub Wallet™ and the Everi Cares™ Giving Module
13. Current 2017 Outlook
• 2017 Adjusted EBITDA(1) expected to be $205 million - $209 million
• Factors in Company’s 2017(2) outlook include:
• 2017 unit sales expected to increase approximately 12% to 15% Y/Y with 2Q17 unit
sales expected to be greater than 2Q16 unit sales
• Installed base at December 31, 2017 is expected to grow Y/Y
• Expects removal of ~230 third-party Class III units in 2Q17 with these removals
replaced with Class II units; following 2Q17 removals, Company does not expect
remaining third-party Class III units to change materially in 2017
• Potential shift by certain CA tribal customers moving to Class III units from Class II
which could result in loss of up to 200 units from installed base over remainder of
2017
• Installed base to benefit from introduction of Class II mechanical reel WAP,
pending introduction of Class II video reel WAP with licensed brands beginning in
late 2Q17 and introduction of new premium licensed brands in 2017
• Company expects that the comparable daily win per unit for the first half of 2017 will
be below the level generated in the first half of 2016 with improvements expected in
2H17
• Payments revenue and Adjusted EBITDA expected to grow Y/Y on quarterly basis over
remainder of 2017 at level consistent with trends in growth in gross gaming revenue
131) Adjusted EBITDA and Adjusted EBITDA Margin are non-GAAP measures. Reconciliations to the most directly comparable GAAP measure can be found in applicable earnings releases
located on Everi’s website at ir.everi.com
2) The Company provided additional financial metrics for 2017 as part of the First Quarter earnings press release, which is available on Everi’s website at ir.everi.com
14. Investment Highlights
14
Successfully Executing on Business Plan
Experienced and Seasoned Leadership
Extensive Reach and Scale
Highly Differentiated, Complementary Products
Strong Track Record of Technology Innovation
Stable and Diversified Recurring Revenue Business
Powerful, Long-Term Customer Relationships
Significant Barriers to Entry
