Accel posts record FY2021 revenue $735M, Adj EBITDA $140M; reiterates 2022 guidance

Accel Entertainment, Inc.

Q4 revenue $192M, net income $7M; FY revenue $735M, net income $32M (vs FY2020 revenue $316M).
Adjusted EBITDA $33M Q4, $140M FY; net debt $143M, down 31% YoY.
Locations up 6% to 2,584; VGTs up 11% to 13,639; avg contract term 6.8 years.
Acquisition of Century Gaming expected close by end of May 2022; began Iowa ops in Dec 2021.
Repurchased $20M of stock in 2021 and Jan-Feb 2022; 2022 revenue guidance $820-$870M (ex-Century) or $1.07-$1.18B (pro forma).

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