Genting Malaysia Bhd. · MYX:GENM
Genting Malaysia Bhd — Nomura ASEAN Virtual Conference 2022
29 slides from Genting Malaysia Bhd's conference presentation, Mar 4, 2022
Slide 1: Nomura ASEAN Virtual Conference 2022
Copyright © 2022 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. Copyright © 2021 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. Nomura ASEAN Virtual Conference 2022 Friday, 4 March 2022 Copyright 1 © 2021 Genting Malaysia Berhad 198001004236 (58019-U). All
Slide 2: Agenda
GROUP OVERVIEW GROUP HIGHLIGHTS MALAYSIAN OPERATIONS AGENDA OVERSEAS OPERATIONS • UK & EGYPT • US & BAHAMAS LOOKING AHEAD 2
Slide 3: Group Overview
01 GROUP OVERVIEW 3
Slide 4: GENM Key Properties
GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting, Malaysia Resorts World New York City, Resorts World Resorts World Resorts World Bimini, US Catskills, US Birmingham, UK Bahamas 4
Slide 5: GENM Group Overview Introduction
GENM GROUP OVERVIEW INTRODUCTION Overview • GENM is a globally diversified casino and resort operator with a market capitalization1 of RM16.3bn • Genting Group (“GENT”) has 49.5% ownership in GENM, and is the immediate and ultimate holding company of GENM • Sole licensed casino operator in Malaysia,
Slide 6: Group Highlights
02 GROUP HIGHLIGHTS 6
Slide 7: GENM Financial Highlights 4Q21 & FY21
FINANCIAL HIGHLIGHTS GENM 4Q21 & FY21 % In RM’mil 4Q21 4Q20 FY21 FY20 % Change Change Revenue 1,889 1,041 ↑81% 4,157 4,529 ↓8% Adjusted 738 170 ↑>100% 727 350 ↑>100% EBITDA/(LBITDA) Adjusted EBITDA Margin 39% 16% 17% 8% Net (Loss)/Profit 124 (258) ↑>100% (1,051) (2,362) ↑55% ▪ 4Q21 recovery driven b
Slide 8: GENM Revenue Trend
FINANCIAL HIGHLIGHTS GENM REVENUE TREND GENM is Well Diversified Geographically Revenue (RM’m) 10,407 9,928 9,330 1,538 8,932 1,457 (+6%) 1,493 (-2%) 1,403 (+6%) 1,687 1,792 (-6%) (-6%) 1,915 1,822 (+5%) 4,529 665 4,157 7,182 (-57%) 6,679 653 1,396 5,922 (+8%) (+>100%) (+13%) (-61%) 5,707 (+4%) 1,06
Slide 9: Dividend per Share
CAPITAL MANAGEMENT GENM STRATEGY Dividend per Share 24 Net dividend per share (sen) 19.00 20.00 20 16.50 17.00 9.00 16 8.00 14.50 7.30 8.00 12 8.50 9.00* 11.00 11.00 8 9.00 9.20 4 6.50 7.10 6.00 - FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 *Special dividend of 9.0 sen (FY20: 8.5 sen) per share Dividend
Slide 10: GENM Sustainability Initiatives
GENM SUSTAINABILITY INITIATIVES SUSTAINABILITY IS AT THE FOREFRONT OF GENM’S OPERATIONS FTSE4GOOD INDEX SERIES 9.00 8.00 Index Series since June 2018, GENM has been a constituent of the FTSE4Good having demonstrated 7.30 8.00ESG practices according to globally recognized strong standards. 8.50 11.00
Slide 11: Malaysian Operations
03 MALAYSIAN OPERATIONS 11
Slide 12: M'sia Performance Review in 4Q21 & FY21
LEISURE & HOSPITALITY M’SIA PERFORMANCE REVIEW IN 4Q21 & FY21 % % In RM’mil 4Q21 4Q20 FY21 FY20 Change Change Revenue 961.9 644.7 ↑49% 1,516.5 3,133.3 ↓52% Adjusted 358.1 130.8 ↑>100% 15.5 672.0 ↓>98% (LBITDA)/EBITDA Adjusted EBITDA 37% 20% 1% 21% Margin ▪ Re-opening of RWG on 30 September 2021 well
Slide 13: M'sia RWG Key Statistics – 4Q21
LEISURE & HOSPITALITY M’SIA RWG KEY STATISTICS – 4Q21 4.8m 4.4m Winter Wonderland DAY-TRIPPERS VISITORS (4Q19: 7.4m) 65% of 4Q19 (4Q19: 5.6m) 79% of 4Q19 4 HOTELS OPEN ~4,500 ROOMS 91% HOTEL AVAILABLE OCCUPANCY (as at 31 December 2021) (4Q19: 97%) RM286 5.1m AVG ROOM RATE MEMBERS (4Q19: RM224) (Dec’
Slide 14: M'sia Genting SkyWorlds
LEISURE & HOSPITALITY M’SIA GENTING SKYWORLDS Soft Opening of Genting SkyWorlds on 8 February 2022 Winter Wonderland ..… Progressive roll-out of Genting SkyWorlds attractions a key focus 14
Slide 15: Overseas properties overview: UK, US, Bahamas, Egypt
• One of the largest gaming • First integrated leisure complex of • First and only video gaming machine facility in New York City UK operators in the UK its kind in the UK US Bahamas Egypt • One of four commercial gaming- licensed casinos in New York1 • Features a casino, Hilton at RW • Exclusive ca
Slide 16: Overseas Operations: UK & Egypt
04 OVERSEAS OPERATIONS UK & EGYPT 16
Slide 17: UK & Egypt Performance Review in 4Q21 & FY21
UK & LEISURE & HOSPITALITY EGYPT PERFORMANCE REVIEW IN 4Q21 & FY21 % % In £’mil 4Q21 4Q20 FY21 FY20 Change Change Revenue 76.3 23.4 ↑>100% 186.7 123.0 ↑52% Adjusted 31.4 (9.2) ↑>100% 42.7 (32.5) ↑>100% EBITDA /(LBITDA) Adjusted EBITDA 41% N/A 23% N/A Margin ▪ 4Q21 revenue close to pre-pandemic level
Slide 18: Overseas Operations: US & Bahamas
04 OVERSEAS OPERATIONS US & BAHAMAS 18
Slide 19: US & Bahamas Performance Review in 4Q21 & FY21
US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN 4Q21 & FY21 % % In US$’mil 4Q21 4Q20 FY21 FY20 Change Change Revenue RWNYC and RW Omni 80.6 59.1 ↑36% 304.1 140.9 ↑>100% RW Bimini 3.2 (0.1) ↑>100% 15.3 2.9 ↑>100% Total 83.8 59.0 ↑42% 319.4 143.8 ↑>100% Adjusted EBITDA/(LBITDA) RWNYC and RW O
Slide 20: US & Bahamas Update on Operations
US & LEISURE & HOSPITALITY BAHAMAS UPDATE ON OPERATIONS GGR IN THE US RECOVERED TO NEAR PRE-PANDEMIC LEVELS ▪ All operational restrictions lifted since 15 June 2021 ▪ RWNYC and RWC continue to operate with 21-point safety plan as health and safety remain a key priority Performance Post-Reopening (GG
Slide 21: US RWNYC Expansion
US RWNYC EXPANSION • The new 400-room Hyatt Regency JFK Airport at Resorts World New York hotel opened on 6 August 2021 • Features premium guestrooms, state-of-the-art conference space, renowned F&B outlets and additional gaming space ……Transforming RWNYC into a premium integrated resort destination
Slide 22: US RWNYC Expansion
US RWNYC EXPANSION ……Transforming RWNYC into a premium integrated resort destination 22
Slide 23: US Empire Resorts, Inc.
US EMPIRE RESORTS, INC. ▪ 49%-owned via an associate company ▪ Owns Resorts World Catskills (RWC), one of four commercial gaming-licensed casinos in the New York State ▪ 150 live table games, ~1,600 VGMs, over 400 rooms across 2 premium hotels and various F&B outlets ▪ Development of new VGM facilit
Slide 24: Empire Resorts Performance Review in 4Q21 & FY21
US EMPIRE RESORTS, INC. PERFORMANCE REVIEW IN 4Q21 & FY21 % % In US$’mil 4Q21 4Q20 FY21 FY20 Change Change Revenue 62.4 39.3 ↑59% 231.0 96.9 ↑>100% EBITDA / 13.1 0.3 ↑>100% 36.0 (31.6) ↑>100% (LBITDA) EBITDA Margin 14% N/A 9% N/A ▪ Strong rebound in operating performance driven by progressive relaxa
Slide 25: Looking Ahead
25 5 LOOKING AHEAD =)
Slide 26: M'sia Prospects and Focus
LOOKING AHEAD M’SIA PROSPECTS AND FOCUS Resorts World Genting ▪ Ramp up operational capacity by leveraging existing assets ▪ Optimise cost base to drive productivity and efficiency ▪ Progressive roll-out of the remaining attractions at Genting SkyWorlds a focus ▪ Potential reopening of national bord
Slide 27: UK & Egypt Prospects and Focus
UK & LOOKING AHEAD EGYPT PROSPECTS AND FOCUS UK & Egypt ▪ Execute strategies to strengthen the resilience of the Group’s business and optimise efficiencies ▪ Continue to ramp up operations in line with demand ▪ Proactive management of Group’s cost structure to better adapt to the fluid operating env
Slide 28: US & Bahamas Prospects and Focus
US & LOOKING AHEAD BAHAMAS PROSPECTS AND FOCUS US & Bahamas ▪ Strengthening Group’s leading market position in NY ▪ The new Hyatt Regency JFK Airport at Resorts World New York hotel will be a catalyst for growth ▪ Leverage synergies between RWNYC and RWC to develop and grow strong market presence ▪
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
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