Paradise Entertainment Limited · HKEX:1180
Paradise Entertainment — H1 2020 Earnings Presentation
15 slides from Paradise Entertainment's earnings presentation, Aug 26, 2020
Slide 1: Paradise Entertainment Limited 2020 Interim Results
1 Paradise Entertainment Limited (Incorporated in Bermuda with limited liability) 1180.HK 2020 Interim Results (Business & Financial Updates) 26 August 2020 11
Slide 2: Business Update
BUSINESS UPDATE For the six months ended 30 June 2020 2
Slide 3: Business Update
BUSINESS UPDATE • The outbreak of Covid-19 since early this year has hit hard on global economy and severely affected many businesses including gaming. To contain the spread of coronavirus disease in Macau, the Macau government has adopted a series of restrictions and quarantine requirements. Operat
Slide 4: Gaming Tables and Machines under Management/In Operation
Casino Management Services Gaming Tables and Machines under Management/In Operation At 30 Jun 2020 At 31 Dec 2019 Under In operation Under management management & in operation (managed by the Group since Aug 2008) Total gaming tables 49 32 49 Traditional gaming tables 39 22 39 LMG gaming tables/mach
Slide 5: Deployment of LMGs in Macau
Electronic Gaming Equipment & Systems Deployment of LMGs in Macau 1H 2020 1H 2019 Number of LMG machines: Provision of upgrading services 136 605 Sold Nil 461 Pursuant to DETG Technical Standards Version 1.0 (“Technical Standards “) published by the DICJ in late 2017, all LMGs in Macau should be upg
Slide 6: Financial Update
FINANCIAL UPDATE For the six months ended 30 June 2020 6
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS Total GGR from the LMG Deployment 2 casinos under management Net loss in Macau 305.8 (111.3) 136 HK$ m HK$ m Upgraded units Reported Revenue Adjusted EBITDA (loss) HK$ 177.3 m HK$ (53.5) m 7
Slide 8: Revenue & Adjusted EBITDA
REVENUE & ADJUSTED EBITDA Reported Revenue by Segment Adjusted EBITDA by Properties/Nature HK$ Million 1H2020 1H2019 592.0 HK$ million Casinos under the Group’s management: 600.0 92.8 • Casino Kam Pek Paradise (14.1) 66.0 500.0 • Casino Waldo (21.8) 0.3 499.2 Subtotal (35.9) 66.3 400.0 Electronic ga
Slide 9: Casino Management Services
CASINOS UNDER MANAGEMENT PERFORMANCE HIGHLIGHTS C ASINO MANAGEMENT SERVICES 1H 2020 Jan–Feb 2020 GGR HK$ 262.4million HK$ 43.4million GGR Contribution - Traditional Tables 39.4% 66.1% - LMG 55.4% 33.0% - Slot Machines 5.2% 0.9% 100.0% 100.0% Reported Revenue HK$ 142.6million HK$ 23.3million Adjusted
Slide 10: KPIs for Casinos under Management
KPIs FOR CASINOS UNDER MANAGEMENT Casino Kam Pek Paradise Casino Waldo 1H2020 Jan – Feb 2020 HK$ HK$ Total GGR for the period 262.4 million 43.4 million Traditional Gaming Tables GGR per table/day 22,700 28,100 LMG Gaming Tables GGR per table/day 79,900 47,700 GGR per terminal/day 1,324 745 Blended
Slide 11: YoY Decrease in GGR: Casino Kam Pek Paradise vs Market
YoY DECREASE IN GGR: CASINO KAM PEK PARADISE VS MARKET YoY decrease in GGR of Casino Kam Pek Paradise vs Macau overall market 0.0% 1/2020 2/2020 3/2020 4/2020 5/2020 6/2020 -20.0% YoY decrease in GGR (in %) -40.0% Casino Kam Pek Paradise -60.0% Macau overall market -80.0% -100.0% 1H2020 Casino Kam P
Slide 12: GGR Contribution in Casino Kam Pek Paradise
GGR CONTRIBUTION IN CASINO KAM PEK PARADISE Contribution 80.0% of GGR (%) 70.0% 60.0% 50.0% Traditional gaming table 40.0% LMGs Slot 30.0% 20.0% 10.0% 0.0% FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 1H2020 GGR of LMGs outperformed traditional gaming tables in 1H 2020 12
Slide 13: Electronic Gaming Equipment & Systems
ELECTRONIC GAMING EQUIPMENT & SYSTEMS PERFORMANCE HIGHLIGHTS ELECTRONIC GAMING EQUIPMENT & SYSTEMS Upgrade of LMGs in Macau 136 units Reported Revenue HK$ 11.4million R&D and Other Costs HK$ 37.9million Adjusted EBITDA (loss) (44.2) million HK$ 13
Slide 14: Contact Information
CONTACT INFORMATION To follow us on WeChat, Hong Kong Office Unit C, 19F, Entertainment Building, 30 Queen’s Road Central, Hong Kong SAR Corporate Strategy & Investor Relations Tel: (852 ) 2620 5303 Leo Chan Chief Financial Officer & Company Secretary Macau Office leochan@hk1180.com Suite 1207, 12F,
Slide 15: Disclaimer
Disclaimer This document has been prepared by Paradise Entertainment Limited (abbreviated as “Paradise” or the “Company”) for the sole purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any bas
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