Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — Invest ASEAN 2020 Malaysia Week

29 slides from Genting Malaysia Bhd's conference presentation, Jul 8, 2020

  1. Slide 1: Invest ASEAN 2020 Malaysia Week

    Invest ASEAN 2020 Malaysia Week 8 July 2020 Copyright © 2020 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. 1

  2. Slide 2: Agenda

    AGENDA 1 GROUP OVERVIEW 2 FINANCIAL HIGHLIGHTS 3 MALAYSIAN OPERATIONS OVERSEAS OPERATIONS 4 - UK & EGYPT - US & BAHAMAS 5 LOOKING AHEAD 2

  3. Slide 3: Group Overview

    GROUP S Wu > & LL > fo) oly GENTING 4g MALAYSIA

  4. Slide 4: GENM Corporate Structure

    GROUP OVERVIEW GENM CORPORATE STRUCTURE One of Asia’s Leading and Best-Managed Multinational Companies * Malaysia US & Bahamas UK & Egypt 100% 100% 100% 100% 78% 100% 100% 49% * Genting Malaysia Berhad is a 49.5% owned subsidiary of Genting Berhad 4

  5. Slide 5: Key Properties

    GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting, Malaysia Resorts World Casino Resorts World Resorts World Resorts World Bimini, New York City, US Catskills, US Birmingham, UK Bahamas 5

  6. Slide 6: Financial Highlights

    FINANCIAL HIGHLIGHTS Cl GENTING MALAYSIA

  7. Slide 7: Financial Highlights Overview FY19 & 1Q20

    FINANCIAL HIGHLIGHTS OVERVIEW FY19 & 1Q20 % % In RM’mil FY19 FY18 1Q20 1Q19 Change Change Revenue 10,407 9,928 ↑5% 1,956 2,736 ↓29% Adjusted EBITDA 2,641 2,873 ↓8% 355 684 ↓48% Adjusted EBITDA 25% 29% 18% 25% Margin Net Profit 1,332 1,748 ↓24% (454) 253 ↓>100% (Excl. Mashpee impairment) Net Profit 1

  8. Slide 8: Revenue & Adjusted EBITDA by Geography

    REVENUE & ADJUSTED EBITDA OVERVIEW BY GEOGRAPHY – FY19 & 1Q20 FY19 Revenue Adjusted EBITDA US & US & Bahamas Bahamas 15% 11% UK & UK & Egypt Malaysia Egypt Malaysia 16% 69% 9% 80% 1Q20 Revenue Adjusted EBITDA US & UK & US & Bahamas Egypt Bahamas 17% 7% 2% Malaysia UK & 64% Egypt Malaysia 19% 91% 8

  9. Slide 9: Capital Management: Dividend per Share

    CAPITAL MANAGEMENT OVERVIEW STRATEGY Dividend per Share 24 Net dividend per share (sen) 19.00 20.00* 20 16.50 17.00 9.00 16 8.00 7.30 8.00 12 8 11.00 11.00 9.20 9.00 6.50 7.10 4 - FY14 FY15 FY16 FY17 FY18 FY19 *Include a special dividend of 9.0 sen (FY18: 8.0 sen) per share Dividend  FY19 total div

  10. Slide 10: Malaysian Operations

    3 MALAYSIAN OPERATIONS 10

  11. Slide 11: Malaysia Leisure & Hospitality Performance Review

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN FY19 & 1Q20 % % In RM’mil FY19 FY18 1Q20 1Q19 Change Change Revenue 7,066.6 6,594.6 ↑7% 1,225.1 1,909.5 ↓36% Adjusted EBITDA 2,048.2 2,297.3 ↓11% 331.2 555.6 ↓40% Adjusted EBITDA 29% 35% 27% 29% Margin  Operating results impacted by unprecedented

  12. Slide 12: Malaysia Revenue FY14-1Q20

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN FY19 & 1Q20 Revenue (RM’mil) 7,500 7,067 6,595 5,623 5,837 6,000 5,362 5,577 4,500 3,000 1,910 1,500 1,225 - FY14 FY15 FY16 FY17 FY18 FY19 1Q19 1Q20  Steady growth despite increasingly challenging operating environment  1Q20 performance adversel

  13. Slide 13: Malaysia Adjusted EBITDA and Margin

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN FY19 & 1Q20 Adjusted EBITDA (RM’mil) / Margin (%) 35% 35% 35% 35% 3,000 35% 31% 29% 29% 2,500 27% 30% 2,297 1,931 1,942 2,048 25% 2,000 1,860 1,806 20% 1,500 15% 1,000 10% 556 500 331 5% - 0% FY14 FY15 FY16 FY17 FY18 FY19 1Q19 1Q20  Adjusted EBIT

  14. Slide 14: RWG Key Statistics FY19

    LEISURE & HOSPITALITY MALAYSIA RWG Key Statistics – FY19 One of Asia’s leading integrated resort destinations 28.7m 76% VISITORS DAY-TRIPPERS (FY18: 25.9m) ↑11% (FY18: 73%) 5.0m 9.9M MEMBERS TICKETS SOLD (FY18 : 4.6mil) ↑9% (FY18: 9.5m) ↑3% 14

  15. Slide 15: RWG Hotel Performance FY19

    LEISURE & HOSPITALITY MALAYSIA RWG Hotel Performance – FY19 10,500 ROOMS across 7 hotels 95% 3.5m OCCUPANCY ROOM NIGHTS SOLD (FY18: 97%) (FY18: 3.5m) MALAYSIANS TOOK UP RM219 AVG ROOM RATE 66% OF ROOMS SOLD (FY18: RM106) ↑>100% (FY18: 68%) 15

  16. Slide 16: RWG Reopening Highlights

    LEISURE & HOSPITALITY MALAYSIA RWG REOPENING HIGHLIGHTS RESORTS WORLD GENTING REOPENED ON JUNE 19TH  3 hotels, over 2,000 rooms opened  Hotel lobby entrance centralized  Guests required to pass through thermal scanner for temperature checks  SkyCasino and Genting Club currently open to Genting R

  17. Slide 17: Overseas Operations: UK, US & Bahamas

    OVERSEAS OPERATIONS rz ert Well CASINO NEW YORK CITY US & Bahamas throne BIRMINGHAM [serene 9 Sieber BAHAMAS GENTING E MALAYSIA 17

  18. Slide 18: Overseas Operations: UK & Egypt

    4 OVERSEAS OPERATIONS UK & EGYPT 18

  19. Slide 19: UK & Egypt Performance Review FY19 & 1Q20

    UK & LEISURE & HOSPITALITY EGYPT PERFORMANCE REVIEW IN FY19 & 1Q20 % % In £’mil FY19 FY18 1Q20 1Q19 Change Change Revenue 316.8 330.1 ↓4% 69.3 78.6 ↓12% Adjusted EBITDA 43.8 33.8 ↑29% 4.3 7.7 ↓45% Adjusted EBITDA 14% 10% 6% 10% Margin  Improvement in FY19 adjusted EBITDA mainly due to adoption of a

  20. Slide 20: Overseas Operations: US & Bahamas

    4 OVERSEAS OPERATIONS US & BAHAMAS 20

  21. Slide 21: US & Bahamas Performance Review FY19 & 1Q20

    US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN FY19 & 1Q20 % % In US$’mil FY19 FY18 1Q20 1Q19 Change Change Revenue* RWNYC and RW Omni 332.8 319.0 ↑4% 74.5 85.4 ↓13% RW Bimini 21.8 24.1 ↓9% 2.3 4.2 ↓46% Total 354.6 343.1 ↑3% 76.8 89.6 ↓14% Adjusted EBITDA* RWNYC and RW Omni 88.5 103.9 ↓15%

  22. Slide 22: US RWNYC Expansion

    US RWNYC EXPANSION  Additional gaming space opened in September 2019  Upcoming new attractions include a 400-room hotel, a variety of dining, entertainment and retail outlets Artist Impression ……Transforming RWNYC into a premium integrated resort destination 22

  23. Slide 23: US Resorts World Catskills

    US RESORTS WORLD CATSKILLS  November 2019: 49%-owned via an associate company  One of four commercial gaming-licensed casinos in the New York State  150 live table games, ~1,600 VGMs, over 400 rooms across 2 premium hotels and various F&B outlets Artist Impression …...Premium destination resort o

  24. Slide 24: Looking Ahead

    TE Sees H AT Pega i 4 4 4 a tle an in ln MEETS AEE, EEE REEESLEEE RE FG 4444 E44AA AE ESAA INOS os Sn GENTING MALAYSIA

  25. Slide 25: Group Prospects and Focus

    GROUP LOOKING AHEAD OPERATIONS PROSPECTS AND FOCUS  Full extent of the impact of COVID-19 on Group’s operations is uncertain at this juncture  Implementation of aggressive cost control measures to continue across all operating entities  Health and safety remain a key priority 25

  26. Slide 26: Malaysia Prospects and Focus

    LOOKING AHEAD MALAYSIA PROSPECTS AND FOCUS Resorts World Genting  RWG reopened on 19 June 2020 with enhanced safety measures in place  Leverage domestic demand to drive visitation and revenue  The outdoor theme park (“Genting SkyWorlds”) is targeted to open in 2Q21 26

  27. Slide 27: UK & Egypt Prospects and Focus

    UK & LOOKING AHEAD EGYPT PROSPECTS AND FOCUS UK & Egypt  Retail shopping outlets at RW Birmingham reopened on 15 June 2020  The Group’s other land-based casinos in the UK remain temporarily closed  Preparations are currently underway for the resumption of the majority of operations 27

  28. Slide 28: US & Bahamas Prospects and Focus

    US & LOOKING AHEAD BAHAMAS PROSPECTS AND FOCUS US & Bahamas  RWNYC and RW Catskills remain temporarily closed  Preparations are in place for RWNYC and RW Catskills to resume operations soon  Construction work for the expansion project at RWNYC restarted on 8 June 2020  The first phase of the 400

  29. Slide 29: Disclaimer

    Disclaimer Some of the statements made in this presentation which are not statements of historical facts are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of the Genting Malaysia Group

Genting Malaysia Berhad — Invest ASEAN 2020 Malaysia Week on 6ix