Skycity Entertainment Group Limited · NZX:SKC
Skycity Entertainment — Shareholder Meeting (October 2023)
33 slides from Skycity Entertainment's shareholder meeting presentation, Oct 27, 2023
Slide 1: Annual Meeting
Annual Meeting Sherry 27 October 2023 ENTERTAINMENT GROUP
Slide 2: Welcome to the Annual Meeting 2023
Welcome to the Annual Meeting 2023 ee ee ee ee
Slide 3: Chair: Julian Cook
Chair Julian Cook
Slide 4: Welcome to the 2023 Annual Meeting
Welcome to the 2023 Annual Meet Ag. ° Meeting duly convened with a quorum present * The Annual Meeting is a hybrid meeting, so shareholders and bondholders can participate either online or in person ° Shareholders participating online can view the presentations, ask questions and vote on the resolut
Slide 5: Online instructions: submitting a question
° |If you have a question to submit during the meeting - Select the ‘Q&A’ tab on your screen at any time — Type your question into the field and press send — Your question will be immediately submitted ° The ‘Q&A’ tab can also be used for assistance — Submit your query in the same manner as typing a
Slide 6: Voting Online and In Person
Voting Online and In Person ° You can vote online on the resolutions once voting opens — To vote, click on the ‘Vote’ tab, and select your voting direction from the options shown — Vote for all resolutions at once or by each resolution — Your vote has been cast when the tick appears - Tochange your
Slide 7: SkyCity Board
SkyCity Board Julian Cook, Chair Sue Suckling, Director David Attenborough, Director > Chad Barton, Director Kate Hughes, Director Glenn Davis, Director eeceeeee ee
Slide 8: Meeting Agenda
Meeting Agenda ° Chair's address ° Chief Executive Officer's address * Committee and SkyCity Adelaide Board Chairs’ addresses ° Resolutions and questions relating to the resolutions * General Q&A session on management and operations of the business * Close of meeting e Refreshments in the Sky Theatr
Slide 9: Chair's Address
Chair’s Address Julian Cook
Slide 10: Introduction
Introduction e FY23 has been a very busy year with a number of industry and regulatory issues ° FY23 financial result was a strong performance and reflected - A full year without COVID-related restrictions — Operational improvements across our sites ° Acknowledge contribution of Michael Ahearne who
Slide 11: Board Renewal
Board Renewal ° SkyCity Board has been refreshed over the last two years — David Attenborough appointed March 2023 — Donna Cooper appointed September 2023 — Sue Suckling will retire at the close of the Annual Meeting today after 12 years on the Board — Intention to appoint a seventh non-executive di
Slide 12: Regulatory Matters
Regulatory Matters e AUSTRAC proceedings filed on 7 December 2022 against SkyCity Adelaide e A$45m provision for a potential AUSTRAC civil penalty and associated legal costs included in FY23 results ° CBS’ independent review of SkyCity Adelaide remains on hold pending resolution of AUSTRAC proceedin
Slide 13: Dividend and FY24 Progress
Dividend and FY24 Progress * Dividends totalling 12cps were declared for FY23 - Aprudent approach given our investment grade credit rating and near term capital commitments * Opening of Horizon Hotel and reintegration of Auckland car park * Online gaming remains a key strategic growth opportunity —
Slide 14: Chief Executive Officer's Address
Chief Executive Officer’s Address Michael Ahearne
Slide 15: Risk and Compliance Investment
Risk and Compliance Investment ° Greater level of scrutiny and oversight by regulators in our industry ° SkyCity continues to make significant investment In resourcing, training and technology ° This has come with a material cost increase — both one-off and ongoing — but this is necessary ° We will
Slide 16: FY23 Results Summary
FY23 Results Summary REVENUE NPAT $926.2 witin” | $8.0 0 million e mi Reported Reported $966 Ms 53.1% YoY $] 38 8 Md 1331.6% YoY e million e million Normalised! Normalised! EBITDA EARNINGS PER SHARE $165 9 MA 711% YoY 1 1 a nm e million e — cents per share Reported Reported $31 O 3 A> 125.0% YoY 18
Slide 17: SkyCity in the Community
SkyCity in the Community ° Weare very proud of the deep and extensive relationships we have with a wide range of organisations ° $5.3m of grants approved to 122 different community organisations by the SkyCity NZ Community Trusts * Contributions were made to support the recovery of communities affec
Slide 18: Slide 18
Slide 19: Outlook
* Positive impact of FIFA Women’s World Cup in July and August 2023, particularly in Auckland * Uncertain economic environment continues to impact consumer sentiment and underlying trading across Group * Expect SkyCity Auckland precinct to benefit from strong demographic and economic drivers, especi
Slide 20: Chief Executive Officer
Chief Executive Officer Michael Ahearne
Slide 21: Chair
Chair Julian Cook
Slide 22: Risk and Compliance Committee Chair's Address
Risk and Compliance Committee Chair’s Address Kate Hughes
Slide 23: Audit Committee Chair's Address
Audit Committee Chair’s Address Chad Barton
Slide 24: People and Culture Committee Chair's Address
People and Culture Committee Chair’s Address Julian Cook
Slide 25: SkyCity Adelaide Board Chair's Address
SkyCity Adelaide Board Chair’s Address Glenn Davis
Slide 26: Voting
Voting Online Instructions ° Five resolutions set out in the Notice of Meeting selector directions * 562,038,318 million proxy votes (representing 73.93% of all voting securities) received by 11.00 am on Wednesday 25 October 2023 * Resolution 3, concerning the re-election of Sue Suckling, is not req
Slide 27: Resolution: Election of Director David Attenborough
Resolution 1 Election of Director: David Attenborough ¢ Appointed to Board in March 2023 ° Independent * Board unanimously recommends that shareholders vote in favour of his election ee sf . T OY
Slide 28: Resolution: Election of Director Donna Cooper
Resolution 2 Election of Director: Donna Cooper ¢ Appointed to Board in September 2023 ° Independent * Board unanimously recommends that shareholders vote in favour of her election ple © «e100 «6 ov = 2 fe — 2
Slide 29: Resolution: Increase in Non-Executive Directors' Fee Pool
Resolution 4 Increase in Non-Executive Directors’ Fee Pool * To authorise an increase in the total fees for non-executive directors from $1,440,000 (plus GST, if any) to $1,540,000 (plus GST, if any) for each financial year, being an increase of $100,000 (plus GST, if any) or approximately 7%, and t
Slide 30: Resolution: Remuneration of Auditor
Resolution 5 Remuneration of Auditor ° Authorise the directors to fix the auditor's remuneration ° PricewaterhouseCoopers continues as the auditor of SkyCity ee
Slide 31: Shareholder Questions
Shareholder Questions
Slide 32: Thank you
Slide 33: Disclaimer
Disclaimer * All information included in this presentation is provided as at 27 October 2023 * This presentation, including the Chair's and Chief Executive Officer's addresses, includes a number of forward-looking statements. Forward-looking statements, by their nature, involve inherent risks and un
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