Light & Wonder, formerly Scientific Games, is hosting its 2022 Investor Day today and providing an in-depth review of its strategy to drive sustainable double-digit growth and long-term shareholder value.

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As part of the Investor Day, Light & Wonder is providing financial targets for 2022 through to 2025. It is aiming for double-digit growth with targeted 2025 consolidated AEBITDA of $1.4bn or a CAGR of 15 per cent.

The company will also reaffirm its targeted net debt leverage ratio range of 2.5x to 3.5x, further strengthening the company’s balance sheet and credit profile.

There will be significant cash flow generation, reflecting a targeted free cash flow conversion rate of 45 per cent by 2025. The firm is targeting a total of $10bn of available capital to deploy through its balanced and opportunistic capital allocation priorities.

Over the last 18 months we have transformed our business and paved the way for significant shareholder value creation,” said Light & Wonder CEO Barry Cottle.

“As we look ahead, there is no better time to be in the industry, which is huge, growing and converging. We have transformed ourselves to take full advantage of our unmatched market position to capitalise on this opportunity. Our unique asset mix and leading market positions provide unparalleled advantages to deliver games fully cross-platform.

“This results in an enviable and durable financial profile, which includes double-digit growth, a high mix of recurring revenues and robust margins, all translating into robust cash flow generation.

"With a clear roadmap to take market share and drive long-term shareholder value creation, I’m very confident that Light & Wonder will be the one to lead the future of the game industry.”