Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — Credit Suisse Virtual ASEAN Corporate Days 2020

28 slides from Genting Malaysia Bhd's conference presentation, Mar 10, 2020

  1. Slide 1: Credit Suisse Virtual ASEAN Corporate Days

    No. 198001004236 (58019-U) CREDIT SUISSE Virtual ASEAN Corporate Days 10 March 2020

  2. Slide 2: Agenda

    AGENDA 1 GROUP OVERVIEW 2 FINANCIAL HIGHLIGHTS 3 MALAYSIAN OPERATIONS OVERSEAS OPERATIONS 4 - UK & EGYPT - US & BAHAMAS 5 LOOKING AHEAD 2

  3. Slide 3: Group Overview

    1 GROUP OVERVIEW 3

  4. Slide 4: Corporate Structure

    GROUP OVERVIEW GENM CORPORATE STRUCTURE * Malaysia US & Bahamas UK & Egypt 100% 100% 100% 100% 78% 100% 100% 49% * Genting Malaysia Berhad is a 49.5% owned subsidiary of Genting Berhad 4

  5. Slide 5: Key Properties

    GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting, Malaysia Resorts World Casino Resorts World Resorts World Resorts World Bimini, New York City, US Catskills, US Birmingham, UK Bahamas 5

  6. Slide 6: Key Properties

    GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting  A world-class integrated destination resort  ~28.7m visitors in FY19  ~14,100 employees Genting UK  One of the largest gaming operators in the UK  ~4.0m visitors in FY19  ~3,400 employees Resorts World Casino New York City  ~8.0m visit

  7. Slide 7: Financial Highlights

    2 FINANCIAL HIGHLIGHTS 7

  8. Slide 8: Financial Highlights Overview 4Q19 & FY19

    FINANCIAL HIGHLIGHTS OVERVIEW 4Q19 & FY19 % % In RM’mil 4Q19 4Q18 FY19 FY18 Change Change Revenue 2,442 2,507 ↓3% 10,407 9,928 ↑5% Adjusted EBITDA 551 749 ↓26% 2,641 2,873 ↓8% Adjusted EBITDA 23% 30% 25% 29% Margin Net Profit 282 705 ↓60% 1,332 1,748 ↓24% (Excl. Mashpee impairment) Net Profit 282 70

  9. Slide 9: Revenue & Adjusted EBITDA by Geography

    REVENUE & ADJUSTED EBITDA OVERVIEW BY GEOGRAPHY – 4Q19 & FY19 4Q19 Revenue Adjusted EBITDA US & US & Bahamas Bahamas 16% 11% UK & UK & Malaysia Malaysia Egypt Egypt 67% 78% 11% 17% FY19 Revenue Adjusted EBITDA US & US & Bahamas Bahamas 15% 11% UK & UK & Egypt Malaysia Egypt Malaysia 16% 69% 9% 80% 9

  10. Slide 10: Capital Management: Dividend per Share

    CAPITAL MANAGEMENT OVERVIEW STRATEGY Dividend per Share 24 Net dividend per share (sen) 19.00 20.00* 20 16.50 17.00 9.00 16 8.00 7.30 8.00 12 8 11.00 11.00 9.20 9.00 6.50 7.10 4 - FY14 FY15 FY16 FY17 FY18 FY19 *Include a special dividend of 9.0 sen (FY18: 8.0 sen) per share Dividend  FY19 total div

  11. Slide 11: Malaysian Operations

    3 MALAYSIAN OPERATIONS 11

  12. Slide 12: Malaysia Leisure & Hospitality Performance Review

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 4Q19 & FY19 % % In RM’mil 4Q19 4Q18 FY19 FY18 Change Change Revenue 1,604.8 1,698.6 ↓6% 7,066.6 6,594.6 ↑7% Adjusted EBITDA 415.1 582.2 ↓29% 2,048.2 2,297.3 ↓11% Adjusted EBITDA 26% 34% 29% 35% Margin  Increase in revenue primarily due to:-  Hig

  13. Slide 13: Malaysia Revenue FY14-FY19

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 4Q19 & FY19 Revenue (RM’mil) 7,500 7,067 6,595 6,000 5,623 5,837 5,362 5,577 4,500 3,000 1,500 - FY14 FY15 FY16 FY17 FY18 FY19  Steady growth despite increasingly challenging operating environment 13

  14. Slide 14: Malaysia Adjusted EBITDA and Margin

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 4Q19 & FY19 Adjusted EBITDA (RM’mil) / Margin (%) 35% 35% 35% 35% 35% 3,000 35% 31% 29% 2,500 30% 2,297 1,972 1,942 2,048 25% 1,860 1,931 2,000 1,806 20% 1,500 15% 1,000 10% 500 5% - 0% FY13 FY14 FY15 FY16 FY17 FY18 FY19  Adjusted EBITDA margin i

  15. Slide 15: RWG Key Statistics FY18 & FY19

    LEISURE & HOSPITALITY MALAYSIA RWG Key Statistics – FY18 & FY19 One of Asia’s leading integrated resort destinations FY18 FY19 25.9m 28.7m VISITORS VISITORS (FY17: 23.6m) ↑10% ↑11% 4.6m MEMBERS 5.0m MEMBERS (FY17 : 4.2mil) ↑9% ↑9% 15

  16. Slide 16: RWG Hotel Performance FY18 & FY19

    LEISURE & HOSPITALITY MALAYSIA RWG Hotel Performance – FY18 & FY19 10,500 ROOMS across 7 hotels FY18 FY19 97% 95% OCCUPANCY OCCUPANCY (FY17: 95%) RM106 AVRG ROOM RATE RM219 AVG ROOM RATE (FY17: RM92) ↑15% ↑>100% 16

  17. Slide 17: Overseas Operations: UK, US & Bahamas

    OVERSEAS OPERATIONS iz ert Wowll CASINO NEW YORK CITY US & Bahamas NG CASINOS foncrte Well UNITED KINGDOM BIRMINGHAM i 4 : ee esi Seeker BAHAMAS GENTING FFE MALAYSIA ww 17

  18. Slide 18: Overseas Operations – United Kingdom & Egypt

    4 OVERSEAS OPERATIONS – UNITED KINGDOM & EGYPT 18

  19. Slide 19: UK & Egypt Performance Review 4Q19 & FY19

    UK & LEISURE & HOSPITALITY EGYPT PERFORMANCE REVIEW IN 4Q19 & FY19 % % In £’mil 4Q19 4Q18 FY19 FY18 Change Change Revenue 78.8 79.2 ↓1% 316.8 330.1 ↓4% Adjusted EBITDA 11.2 11.5 ↓3% 43.8 33.8 ↑29% Adjusted EBITDA 14% 15% 14% 10% Margin  Revenue impacted by lower hold % in the premium players segmen

  20. Slide 20: Overseas Operations – US & Bahamas

    4 OVERSEAS OPERATIONS – US & BAHAMAS 20

  21. Slide 21: US & Bahamas Performance Review 4Q19 & FY19

    US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN 4Q19 & FY19 % % In US$’mil 4Q19 4Q18 FY19 FY18 Change Change Revenue* RWNYC and RW Omni 84.6 78.3 ↑8% 332.8 319.0 ↑4% RW Bimini 3.9 3.6 ↑8% 21.8 24.1 ↓10% Total 88.5 81.9 ↑8% 354.6 343.1 ↑3% Adjusted EBITDA* RWNYC and RW Omni 21.0 26.3 ↓20% 88

  22. Slide 22: US RWNYC Expansion

    US RWNYC EXPANSION  New attractions include a new 400-room hotel, additional gaming space and a variety of dining, entertainment and retail outlets  Additional gaming space opened in September 2019; remaining facilities to open by 2H20 Artist Impression ……Transforming RWNYC into a premium integrat

  23. Slide 23: US Resorts World Catskills

    US RESORTS WORLD CATSKILLS  Opened in February 2018  49:51 joint venture between GENM and Kien Huat Realty III  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 Artist Impressio

  24. Slide 24: Looking Ahead

    LOOKING AHEAD ALAYSIA

  25. Slide 25: Malaysia Prospects and Focus

    LOOKING AHEAD MALAYSIA PROSPECTS AND FOCUS Resorts World Genting  To focus on the timely completion of the outdoor theme park  To capitalise on visitation growth once domestic and international tourism recovers  Leverage quality assets to grow key business segments  Drive cost and operational ef

  26. Slide 26: UK & Egypt Prospects and Focus

    UK & LOOKING AHEAD EGYPT PROSPECTS AND FOCUS UK & Egypt  Streamline operations and improve overall operational efficiencies  VIP Markets – Manage business volatility  Mass Markets – Strengthen position  Leverage revamped online interactive business to enhance offline and online gaming experience

  27. Slide 27: US & Bahamas Prospects and Focus

    US & LOOKING AHEAD BAHAMAS PROSPECTS AND FOCUS US & Bahamas  RWNYC and RW Catskills – Focus on RWNYC’s ongoing expansion – Leverage synergies between RWNYC and RW Catskills to grow business volume and improve margins  RW Omni – Leverage Hilton Miami Downtown to drive visitation and revenue  RW Bi

  28. Slide 28: 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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