Reef Casino Trust · ASX:RCT
Reef Casino Trust — FY2006 Earnings Presentation
22 slides from Reef Casino Trust's earnings presentation, Feb 15, 2007
Slide 1: Reef Casino Trust: Year ended 31 December 2006
REEF CASINO TRUST Year ended 31 December 2006
Slide 2: Headlines
Headlines >» Another year of profit growth (up 13%) > Increase in cash distribution to unitholders declared (up 65.8%) > “Higher level” cash distribution implemented in 2006
Slide 3: Profit
Profit > Net profit $13.5 million (2005: $11.9 milion) Before Distributions
Slide 4: Full Year Results
Full Year Results > Trust rentals 5.8% (receipts from Reef Hotel Casino) > Trust operating expenses >EBITDA Tt 7.7%
Slide 5: Full Year Results
Full Year Results 2006 2005 2004 $’000 $000 $000 Revenue Rental Income 23,187 22,478 21,640 Other Income 452 492 369 Total revenue 24,239 22,970 22,009 Total expenses 10,757 11,036 11,354 Profit 13,482 11,934 10,655 Earnings per unit 27.icents| 24.0cents| 21.4 cents
Slide 6: Distribution to Unitholders
Distribution to Unitholders 1* Half 24 Half Cents per unit | Cents per unit From profits 13.65 13.42 From undistributed 1.85 2.58 profits account q Total 15.50 *16.00 y “Tax deferred” basis *f 52% on same period last year
Slide 7: Distributions for 2006, 2005 and 2004
Distributions for 2006, 2005 and 2004 2006 2005 2004 Cents per unit | Cents per unit | Cents per unit First half year 15.50 8.50 7.25 Second half 16.00 10.50 8.00 year Total 31.50 19.00 15.25 Special - 18.00 - Grand Total 31.50 37.00 15.25
Slide 8: Strong Balance Sheet
Strong Balance Sheet >Reef Hotel Casino asset value - $130 million >Total assets - $140 million > External borrowing $16.5 million
Slide 9: Total Trust Revenue
$ million 24 22 + 20— 18 + 16 14-5 42 4 Total Trust Revenue {operating revenue) Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Year ended
Slide 10: Total Trust Distribution
Cents per unit Total Trust Distribution {excluding special distribution) Dec 2002 Dec 2003 Dec 2004 Dec 2005 Dec 2006 Year ended
Slide 11: Trust Net Profit
$ million Trust Net Profit 2002 2003 2004 Year ended 2005 2006
Slide 12: Visitors 1.35 million
Reef Hotel Casino 4s >Visitors 1.35 million : 5.4% Source > Overseas 25% a (Japan, SE Asia, China) y > SEQ/NSW/Vic 25% >Far North Qld 50%
Slide 13: Queensland's Biggest Premier Leisure & Entertainment Complex
Reef Hotel Casino Queensland’s Biggest & Premier Leisure & Entertainment Complex North of Brisbane
Slide 14: Drop in for some Fun, Food & Entertainment
Reef Hotel Casino “Drop in for some Fun Food & Entertainment’
Slide 15: Reef Casino, Cairns
Reef Hotel Casino Serrece Reee Casino CAIRNS SOFITEL AQCOR HOTELS & RESORTS auey TF 1AVOU"S Casino spontz. J Acopt premiere vacaTionte tap
Slide 16: Corporate Structure
CAIL ACCOR (ACI} CORPORATE STRUCTURE (12,500,000) (12, Soo, 000) 50% \ / 50% CAIH CAIL ACCOR (AC!) PUBLIC 100% = i 50.2% 10.75% 5.53% 4.86% 28.66% 49,801,036 25,000,000 5,355,117 2,755,715 2,421,803 14,268,401 REEF CASINO TRUST REEF CORPORATE SERVICES LTD RESPONSIBLE ENTITY 50% 50% Centre Operatirlg
Slide 17: Revenue by operating segment
Reef Hotel Casino > Table games revenue » Gaming machines revenue even Turnover <p 2.2% > Room revenue | 5% > Food revenue | 10.8% >» Beverage revenue | 22.3%
Slide 18: Key Highlights
Reef Hotel Casino Key Highlights >» Table Games Continued development of tourist grind action and premium player program. > Gaming Machines Impact of new smoking ban in casino lessened by advanced planning and range of initiatives including smoking balconies and terraces.
Slide 19: Key Highlights
Reef Hotel Casino Key Highlights Hotel Accommodation » Sofitel luxury standards >Better yield management Food & Beverage > Robust year-round operations programme of q: entertainment, promotions and events >» A range of venues >» High service standards
Slide 20: Maintaining the momentum in 2007
Reef Hotel Casino Maintaining the momentum in 2007 > New improved conference and banquet space >» Expanded schedule of promotions & q entertainment > Revenue growth in overseas & domestic tourist markets
Slide 21: One Complex, One Team, One Success
We continue to be , One Complex, One Team, One Success
Slide 22: Queensland's biggest Premier Leisure & Entertainment Complex
We continue to be Queensland’s biggest & Premier Leisure & Entertainment Complex North of Brisbane