Skycity Entertainment Group Limited · NZX:SKC
Skycity Entertainment — Corporate Update (August 2011)
53 slides from Skycity Entertainment's corporate update, Aug 8, 2011
Slide 1: Cover letter to ASX: Investor Presentation
8 August 2011 For personal use only Company Announcements Office Australian Stock Exchange Exchange Centre 20 Bridge Street Sydney NSW 2000 AUSTRALIA Dear Sir/Madam Re: Investor Presentation Please see attached a copy of the presentation given to SKYCITY Investors on Saturday 6 August. Yours faithfu
Slide 2: Auckland Property Developments Update
Auckland Property For personal use only Developments Update 6 August 2011
Slide 3: SKYCITY Auckland
SKYCITY Auckland For personal use only New Zealand’s leading integrated gaming, entertainment and tourism destination: Casino (1,647 machines and 110 tables) Sky Tower – major NZ tourism attraction Grand Hotel, 5 star luxuryy hotel – 316 rooms SKYCITY Hotel, 4.5 star hotel – 344 rooms 70
Slide 4: Auckland Developments
Auckland Developments For personal use only Significant property developments underway Positioning property to benefit from the expected increase in visitation over the Rugby World Cup ((‘RWC’) RWC ) Recently completed: Platinum room renovations – completed May 3 year refurbishment of all
Slide 5: New Facility Launch Schedule 2011
New Facility Launch Schedule 2011 For personal use only Depot 9‐12 August Red Hummingbird 13 August Transmission ‐ Under the h Grillll 16 August Fortuna 17 August Diamond Room 19 August Chivas at the Deck 24 August Mumm Champagne Bar at SKY Lounge 24 August Eight ‐ Media 29 August
Slide 6: Platinum Room
Platinum Room For personal use only Finalised Platinum Room upgrades – total capex approx $2.5m Upgrade pg of all customer facing g areas while the room continued operating p g (through 9 stages of development) Most valuable tier of customers in the EGM business Si ifi t iincrease iin qualit
Slide 7: Platinum Room
For personal use only Platinum Room 5
Slide 8: Diamond Room
Diamond Room For personal use only Purpose built room with 250 EGMs for local mid‐tier EGM customers ‘Diamond’ tier action loyalty (~ 6,000 current members – mainly EGM) Extension of licensed gaming area Conversion of former non‐gaming space (old family buffet restaurant) into higher yieldin
Slide 9: Diamond Room
For personal use only Diamond Room 7
Slide 10: Diamond Room
For personal use only Diamond Room 8
Slide 11: Outdoor Gaming Opportunity
Outdoor Gaming Opportunity For personal use only On 22 June, SKYCITY received approval from the Gambling Commission to construct an outdoor gaming area which would allow guests to smoke while gaming Located at the northern end of the new Diamond Room Up to 60 EGMs Scheduled opening end of Se
Slide 12: Outdoor Gaming Opportunity
Outdoor Gaming Opportunity For personal use only 10
Slide 13: New Fortuna Buffet Restaurant
New Fortuna Buffet Restaurant For personal use only Relocated to level 3 – new destinational gaming offering R20 ‐ focused on supporting pp gggaming, g, not families Occupies what was previously lowest earning gaming floor area Previous buffet low earning space is converted into high value g
Slide 14: New Fortuna Buffet Restaurant
New Fortuna Buffet Restaurant For personal use only 12
Slide 15: The Nation's Clubrooms
The Nation’s Clubrooms For personal use only Redevelopment of level 3 casino into a destinational sports bar and themed gaming zone T Targeting i a new and d underserved d d customer demographic d hi Positions SKYCITY as the home of sports in Auckland Leverage major sponsorships of the Auckl
Slide 16: The Nation's Clubrooms
The Nation’s Clubrooms For personal use only 14
Slide 17: 'Eight'
‘Eight’ For personal use only Two new floors (levels 8/9) added to the top of the SKYCITY Hotel building Views over Auckland harbour and CBD Conversion of non yielding outdoor hotel swimming pool into highest yielding gaming space Brand new internationally competitive gaming facility primari
Slide 18: 'Eight'
‘Eight’ For personal use only Initially featuring 16 high limit table games and 16 EGMs Designed to allow for potential future expansion Luxurious fit‐out ‐ high ceilings, chandeliers, leather, gold and Grand Staircase Significant increase in service levels ‐ dedicated hosts, dedicated car p
Slide 19: 'Eight'
For personal use only ‘Eight’ 17
Slide 20: 'Eight'
For personal use only ‘Eight’ 18
Slide 21: 'Eight'
For personal use only ‘Eight’ 19
Slide 22: 'Eight' – Rooftop Deck
‘Eight’ – Rooftop Deck For personal use only 20
Slide 23: 'Horizon' Suites
‘Horizon’ Suites For personal use only SKYCITY has only ever had one international salon ‐ uncompetitive and ‘tired’ Horizon delivers four new world‐class international g gamingg salons ((12 tables)) co‐located with four new luxurious hotel suites with interconnecting rooms High tech, layered
Slide 24: 'Horizon' Suites
For personal use only ‘Horizon’ Suites 22
Slide 25: 'Horizon' Suites
For personal use only ‘Horizon’ Suites 23
Slide 26: 'Horizon' Suites
For personal use only ‘Horizon’ Suites 24
Slide 27: 'Horizon' Suites
For personal use only ‘Horizon’ Suites 25
Slide 28: International VIP
International VIP For personal use only Fastest growing business segment despite lack of competitive facilities to date Key requirements: competitive tax rate competitive p p player y p programs g appropriate risk management practices access ‐ direct flights, first / business class, trav
Slide 29: International VIP
International VIP For personal use only Continue to drive growth from this segment Auckland Darwin Leverage new world‐class Auckland facilities Upgrade g VIP facilities at Darwin property – close proximity to Asia Additional sales presence in Australia and South East Asia Marketing and
Slide 30: Federal Street
Federal Street For personal use only Creation of a new premier destinational entertainment ‘strip’ for Auckland More reasons to visit the precinct and increase length of stay Transformation of Federal Street involves multiple stages: – 1st stage g ‐ 3 new restaurants/bars / and reconfiguration
Slide 31: Federal Street Concept – current view looking South
Federal Street Concept – current view looking South For personal use only 29
Slide 32: Federal Street Concept – potential view looking South
Federal Street Concept – potential view looking South For personal use only 30
Slide 33: Federal Street Concept – current view looking North
Federal Street Concept – current view looking North For personal use only 31
Slide 34: Federal Street Concept – potential view looking North
Federal Street Concept – potential view looking North For personal use only 32
Slide 35: Red Hummingbird by Luke Dallow
Red Hummingbird by Luke Dallow For personal use only Operated by Auckland’s leading bar operator Designed by Luke Dallow and Jasmax Architecture Gastro pub with eclectic quirky fit out for up to 250pax Large bar with plenty of standing area, outside smoking areas 150,000 additional visits
Slide 36: Red Hummingbird by Luke Dallow
Red Hummingbird by Luke Dallow For personal use only 34
Slide 37: Red Hummingbird by Luke Dallow
Red Hummingbird by Luke Dallow For personal use only 35
Slide 38: Depot by Al Brown
Depot by Al Brown For personal use only Celebrated Wellington chef, TV personality New Zealand tapas bar, bar New Zealand wines Bach‐styled design with a funky industrial feel 8 seats 80 65,000 additional visits to site annually Designed by Al Brown and Charlie Nott, Architect Opening
Slide 39: Depot by Al Brown
For personal use only Depot by Al Brown 37
Slide 40: The Grill by Sean Connolly
The Grill by Sean Connolly For personal use only Sean Connolly is a 5‐hat Sydney chef ‐ formerly operated Astral at Star City Casino Sydney Premium steak offering ‐ best in Auckland, internationally competitive Conveniently located off the 5‐star Grand Hotel lobby 120 seats t 55,000 additi
Slide 41: The Grill by Sean Connolly
The Grill by Sean Connolly For personal use only 39
Slide 42: Hotels
Hotels For personal use only SKYCITY Hotel Soft refurbishment of all rooms and suites completed Q4 F11 New carpets, furniture and wall and ceiling coatings and light fittings High occupancy (low 90s) maintained at a higher average room rate Grand Hotel Two additional Presidential Suites, for
Slide 43: Rugby World Cup
Rugby World Cup For personal use only 9th September ‐ 23rd October 2011 Expected Group EBITDA uplift difficult to predict given this is the largest eventt off it its ki kind d ever hosted h t d iin New N Zealand Z l d Hotels holding high / full occupancy and high average rates Gaming expecte
Slide 44: Rugby World Cup – Temporary New Venues
Rugby World Cup – Temporary New Venues For personal use only Mumm Champagne at Sky Lounge 42
Slide 45: Rugby World Cup – Temporary New Venues
Rugby World Cup – Temporary New Venues For personal use only Chivas Bar at the Deck 43
Slide 46: Rugby World Cup – Temporary New Venues
Rugby World Cup – Temporary New Venues For personal use only Family of 12 NZ Wine Bar ‐ Atrium WETA Cave – SkyTower Retail Kumeu River Palliser Estate The Milton Vineyard Nautilus Estate Ata Rangi Fromm Winery Neudorf Vineyards Lawson’s Dry Hills Villa Maria Winery Pegasus Bay Craggy Range Felton Ro
Slide 47: New Zealand International Convention Centre (NZICC)
New Zealand International Convention Centre (NZICC) For personal use only On 12 June 2011 the New Zealand Government announced SKYCITY as its preferred developer to build a new international‐standard convention centre in Auckland Best operating credentials Central CBD site surrounded by Hotels
Slide 48: New Zealand International Convention Centre (NZICC)
New Zealand International Convention Centre (NZICC) For personal use only Large site ‐ 3.5 acres Up to 70,000sqm GFA ‐ similar in size / scale to existing complex • up to 4,500 delegates exhibition style • flexible plenary ‐ capacity up to 3,500 • ~ 750 car parks • connected to main site by pede
Slide 49: New Zealand International Convention Centre (NZICC)
New Zealand International Convention Centre (NZICC) For personal use only Government is considering some alterations to gambling regulations and legislation. Broad areas of negotiation include an extension t i off SKYCITY’s SKYCITY’ casino i license li beyond b d its it currentt expiry i date of
Slide 50: New Zealand International Convention Centre (NZICC)
New Zealand International Convention Centre (NZICC) For personal use only 48
Slide 51: New Zealand International Convention Centre (NZICC)
New Zealand International Convention Centre (NZICC) For personal use only 49
Slide 52: New Zealand International Convention Centre (NZICC)
New Zealand International Convention Centre (NZICC) For personal use only 50
Slide 53: For personal use only
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SKYCITY Entertainment Group — Corporate Update (August 2011) on 6ix