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A NSWORTH Ainsworth Game Technology Ltd ABN 37 068 516 665 10 Holker Street , Newington NSW 2127 Tel : +61 2 9739 8000 www.agtslots.com 25 February 2021 ASX Release ASX Code : AGI Ainsworth Game Technology Limited ( AGT ) - Half Year Results to 31 December 2020 ( 1H FY21 ) Ainsworth Game Technology Limited ( AGT ) today announced subject to audit completion , a Loss after Tax of A $ 50 million for the six months ended 31 December 2020. This result includes A $ 29 million in non- cash one - off impairment charges , primarily due to the recent deterioration in the Group's Latin American business . The statutory results also include a currency translation loss of approximately A $ 13 million due to the strengthening of the Australian dollar against the USD dollar at the reporting date . Excluding currency impacts and impairment charges noted above , the loss before tax was A $ 14 million in the current period . This is in line with the preliminary results announced to ASX in February 2021 . Revenue for the first half of the year was A $ 72 million . This represented a decline of 33 % compared to the prior corresponding period ( pcp ) , however a 71 % increase on 2H FY20 . International sales contributed 73 % to AGT's total revenue in the current period . Recurring revenues remain a strength of the Group contributing 25 % of the total revenue , an increase from the 23 % on the pcp . Adjusted EBITDA was positive at A $ 6 million excluding the above non - cash impairment charges , and including A $ 5 million in government pandemic subsidies and concessions received in the current period . AGT remains committed to ensuring the welfare and safety of its employees and their families through this challenging period . Revenues in Latin America were severely impacted by the effects of Covid - 19 , down 85 % on the pcp . Following a second wave of infections a large proportion of customers ' operations within Latin America , primarily Mexico , Argentina and Peru , were either closed or were subject to the imposition of new access restrictions . Customers ' capital expenditure commitments in Latin America created the further deferral of both hardware and technology purchasing decisions . Uncertainties remain as to when the expected easing of Covid - 19 restrictions and recommencement of pre - pandemic operating activities will occur . These new developments have resulted in the re - evaluation of revenue impacts in the short term as macro uncertainty exists . Given the revised outlook , AGT prudently decided to record A $ 27 million one - off non- cash impairment charges relating to the Latin American business unit . The Board will continue to take a conservative approach in assessing these matters . The other primary regions of Australia and North America have rebounded strongly from previous closures and restrictions under Covid - 19 . Encouragingly , more customer venues are beginning to reopen as vaccination programs are rolled out across major markets , supporting a more positive outlook . AGT will continue to build on the success of HHR products and the A - Star cabinets . Ainsworth's game library is also being expanded , leveraging AGT's technology strengths . Page 1 of 2