{"id":525200,"date":"2021-08-09T07:18:14","date_gmt":"2021-08-09T11:18:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sciplay-reports-second-quarter-2021-results\/"},"modified":"2021-08-09T07:18:14","modified_gmt":"2021-08-09T11:18:14","slug":"sciplay-reports-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sciplay-reports-second-quarter-2021-results\/","title":{"rendered":"SciPlay Reports Second Quarter 2021 Results"},"content":{"rendered":"
\n

Delivered Sequential Growth and Second Highest Revenue Quarter<\/h2>\n

Rapidly Expanding in Casual Genre with Solitaire Pets Adventure and Acquisition of Koukoi Games to Bolster Project X<\/h2>\n

$49M in Net Cash Provided by Operating Activities<\/h2>\n

Achieved Payer Conversion Record of 8.5%<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n LAS VEGAS<\/span>, Aug.\u00a09, 2021 \/PRNewswire\/ — SciPlay Corporation (NASDAQ: SCPL) (“SciPlay” or the “Company”) today reported results for the second quarter ended June\u00a030, 2021. <\/p>\n

\n

\n
\n \"(PRNewsfoto\/SciPlay)\"
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n
\n Josh Wilson<\/span>
\n <\/b>, Chief Executive Officer of SciPlay<\/b>, said, “Our teams continued the strong momentum from the first quarter delivering sequential growth on the top and bottom lines. The core social casino business continues to perform well as we hit another record quarter for Gold Fish and grew key payer metrics. We continue to evolve our business, rapidly expanding in the casual genre with Solitaire Pets Adventure and the acquisition of Koukoi Games. Koukoi will jumpstart our development of Project X with an experienced and proven team. SciPlay is extremely well situated to continue driving sustainable growth.”\u00a0 <\/p>\n

\n
\n Mike Cody<\/span>
\n <\/b>, Chief Financial Officer of SciPlay<\/b>, added “This quarter saw another record for payer conversion at 8.5% in addition to record ARPDAU of $0.72<\/span> while our other monetization metrics continue to perform above pre-COVID levels. Importantly, we were able to grow above market in social casino sequentially and deliver our second highest revenue quarter. We are excited to continue enhancing our social casino portfolio and expanding our casual pipeline.”<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n SUMMARY RESULTS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n ($ in millions)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 154.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 165.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net income<\/span>\n <\/p>\n<\/td>\n

\n

\n 37.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 48.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Net income margin<\/span>\n <\/p>\n<\/td>\n

\n

\n 24.6<\/span>\n <\/p>\n<\/td>\n

\n

\n %<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29.5<\/span>\n <\/p>\n<\/td>\n

\n

\n %<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net cash provided by operating activities\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 48.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 52.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Capital expenditures<\/span>\n <\/p>\n<\/td>\n

\n

\n 5.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Non-GAAP Financial Measures <\/u>
\n (1)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Adjusted EBITDA (“AEBITDA”)<\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 47.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 59.6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n AEBITDA margin<\/span>\n <\/p>\n<\/td>\n

\n

\n 31.1<\/span>\n <\/p>\n<\/td>\n

\n

\n %<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36.0<\/span>\n <\/p>\n<\/td>\n

\n

\n %<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n As of June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n As of December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Balance Sheet Measures<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cash and cash equivalents<\/span>\n <\/p>\n<\/td>\n

\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 300.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 268.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Available liquidity(2)<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 450.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 418.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (1) The financial measures “AEBITDA” and “AEBITDA margin” are non-GAAP financial measures defined below under “Non-GAAP Financial Measures” and
are reconciled to the most directly comparable GAAP measures in the accompanying supplemental tables at the end of this release.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (2) Available liquidity is calculated as cash and cash equivalents plus the undrawn capacity on our revolver.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Key Performance Indicators <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n (in millions, except Average Revenue Per Daily Active Users (“ARPDAU”), Average Monthly Revenue Per Paying User (“AMRPPU”),
and percentages)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n June 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Increase \/<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (Decrease)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Mobile Penetration<\/span>\n <\/p>\n<\/td>\n

\n

\n 88%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 87%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.0pp<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Average Monthly Active Users<\/span>\n <\/p>\n<\/td>\n

\n

\n 6.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8.1<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1.8)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Average Daily Active Users<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.7<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.4)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ARPDAU<\/span>\n <\/p>\n<\/td>\n

\n

\n $0.72<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $0.67<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $0.05<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Average Monthly Paying Users<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u2014<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n AMRPPU<\/span>\n <\/p>\n<\/td>\n

\n

\n $96.29<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $101.13<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n ($4.84)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Payer Conversion Rate<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.5%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6.8%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.7pp<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n pp\u00a0= percentage points.<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n
\n Second Quarter 2021 Financial Highlights<\/u>
\n <\/b>\n <\/p>\n