Ainsworth Game Technology : App4D Half Year 31.12.21 Financial Report

For personal use only

Ainsworth Game Technology Ltd

ABN 37 068 516 665

10 Holker Street,

Newington NSW 2127

Tel: [phone]

www.agtslots.com

23 February 2022

ASX Market Announcements Office

Exchange Centre

20 Bridge Street

Sydney NSW 2000

ELECTRONIC LODGEMENT

Results for Half Year Ended 31 December 2021 -Appendix 4D Half Year Report

We attach a copy of the Appendix 4D and Interim Financial Report for the half year ended 31 December 2021 in respect of Ainsworth Game Technology Limited.

For the purposes of ASX Listing Rule 15.5, this document is authorised for lodgment with the ASX by the Board.

Yours faithfully

Mark Ludski

Company Secretary

For personal use only

Ainsworth Game Technology Limited

ABN 37 068 516 665

APPENDIX 4D

Half Year Report

Half Year Ended: 31 December 2021

Previous corresponding period: 31 December 2020

Results for announcement to the market

				Half Year Ended
	Up/Down	% Change		31/12/21
				A$'000
Revenue from operating activities	Up	40%	to	100,691
Reported profit from ordinary activities after tax
attributable to members	Up	118%	to	9,098
Net profit for the period attributable to the members	Up	118%	to	9,098

Dividend Information

Ainsworth Game Technology Limited has not paid, recommended, or declared any dividends for the half year ended 31 December 2021.

NTA backing	Current period	Previous corresponding
		period
Net tangible asset backing per ordinary security	$0.61	$0.55

Entities where control was gained or lost

Ainsworth Game Technology did not gain or lose control over any entities during the half year ended 31 December 2021.

Independent auditor's review report and other information required by Listing Rule 4.2A

This report is based on the financial reports that have been reviewed. Other information requiring disclosure to comply with Listing Rule 4.2A is contained in the following pages.

For personal use only

Ainsworth Game Technology Limited

ABN: 37 068 516 665

INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED 31 DECEMBER 2021

Ainsworth Game Technology Limited
Interim Financial Report for the half year ended 31 December 2021	1

		TABLE OF CONTENTS			PAGE
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Directors' Report	3
Condensed Consolidated Statement of Financial Position	16
	Condensed Consolidated Statement of Profit or Loss and other Comprehensive Income or	17
	Loss
	Condensed Consolidated Statement of Changes in Equity	18
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Condensed Consolidated Statement of Cash Flows	19
	Notes to the Condensed Consolidated Interim Financial Statements	20
	Directors' Declaration	33
personalFor	Independent Auditor's Review Report to the Shareholders of Ainsworth Game Technology	34
Limited
Lead Auditor's Independence declaration	36

Ainsworth Game Technology Limited
Interim Financial Report for the half year ended 31 December 2021	2

For personal use only

DIRECTORS' REPORT

The directors of Ainsworth Game Technology Limited (the "Company") present their report together with the condensed consolidated financial statements of the Group comprising the Company and its subsidiaries for the six months ended 31 December 2021 ("H1 FY22") and the auditor's review report thereon.

DIRECTORS

The directors of the Company at any time during or since the end of the interim period are:

Name		Period of Directorship
Mr Daniel Gladstone		Director since 2010 and Chairman from 26 November
Chairman and Non-Executive Director	2019.
Mr Graeme Campbell		Director since 2007, Chairman from 2016 until 26
	November 2019, Lead Independent Director from 26
Lead Independent Non-Executive Director
	November 2019.
Mr Colin Henson		Director since 2013.
Independent Non-Executive Director
Mr Harald Neumann		Director since 2017.
Non-Executive Director		Resigned 21 December 2021.
REVIEW OF OPERATIONS
Business Strategy and COVID-19 Recovery

Ainsworth's strategy has always been built around our mission which is to provide high quality innovative gaming solutions globally and to secure sustainable profitability and growth for all stakeholders.

Although it has been a challenging two years with the on-set of the COVID-19 pandemic for our operations, people, and business partners; Ainsworth is now purposefully a different company to the one it was before the pandemic. We have deliberately taken advantage of the opportunities available to us over the last year to become more streamlined, more efficient, and more competitive. We are well positioned for sustainable recovery and growth. This is evident through the delivery of improved results in this period of $9.1 million profit after tax compared to ($50.1) million loss after tax in the six months ended 31 December 2020 ("H1 FY21") and ($3.3) million loss after tax in the six months ended 30 June 2021 ("H2 FY21").

As Ainsworth continues to navigate through the volatility in the global operating environment brought upon by COVID-19 and other factors, the Group continues to focus on executing its key priority actions as outlined below:

• employing the best talent available to drive effective and efficient product development;
• grow the Group's footprint and operating activities in domestic and international markets, particularly North America;

Ainsworth Game Technology Limited
Interim Financial Report for the half year ended 31 December 2021	3