Paradise Entertainment Limited · HKEX:1180
Paradise Entertainment — FY2020 Earnings Presentation
18 slides from Paradise Entertainment's earnings presentation, Mar 25, 2021
Slide 1: Paradise Entertainment Limited 2020 Annual Results
1 Paradise Entertainment Limited (Incorporated in Bermuda with limited liability) 1180.HK 2020 Annual Results 25 March 2021 11
Slide 2: Business Update
BUSINESS UPDATE For the year ended 31 December 2020 2
Slide 3: Business Update
BUSINESS UPDATE 1. The outbreak of Covid-19 since early 2020 has hit hard on global economy and severely affected many businesses including gaming. Operations of the Group were significantly impacted 2. Cessation of provision of casino management services in Casino Waldo since 1 March 2020 3. Contin
Slide 4: Increasing investment in R&D on AI and other high-tech products
4. Increasing investment in R&D on AI and other high- tech products in areas of education, sports and living, etc. The launch of the Group’s developed smart watch under its brand “MedicTec” in early 2021 marked an important milestone for the Group 5. Investment in joint ventures operating fine dinin
Slide 5: Gaming Tables and Machines under Management/In Operation
Casino Management Services Gaming Tables and Machines under Management/In Operation At 31 Dec 2020 At 31 Dec 2019 Under Under management & management In operation in operation Total gaming tables 49 49 49 Traditional gaming tables 39 39 39 LMG gaming tables/machines 10/1000 10/466 10/984 (managed by
Slide 6: Deployment of Gaming Machines
Electronic Gaming Equipment & Systems DEPLOYMENT OF GAMING MACHINES FY2020 FY2019 Selected deployment information No. of No. of machines machines LMG machines in Macau: Provision of upgrading services 438 1,051 Sale 20 799 Slot machines: Sale overseas 23 - Remark: Up to now, the Group has deployed o
Slide 7: Investment in R&D on AI and Other High-Tech Products
INVESTMENT IN R&D ON AI AND OTHER HIGH-TECH PRODUCTS - Invested increasingly in R&D on high-tech healthcare innovative products seeking to integrate accuracy with artificial intelligence (“AI”) for the betterment of daily management of health conditions - Successfully developed and launched (under b
Slide 8: Investment in JVs Operating Fine Dining Restaurants in Macau
INVESTMENT IN JVs OPERATING FINE DINING RESTAURANTS IN MACAU Shuang Zuan Shi Fu (Chinese cuisine) (opened on 15 July 2020) Shuang Zuan Seafood Tapas (Western cuisine) (opened on 18 March 2021) 8
Slide 9: Financial Update
FINANCIAL UPDATE For the year ended 31 December 2020 9
Slide 10: Financial Highlights - 2020
FINANCIAL HIGHLIGHTS - 2020 GGR Casino Kam Pek Paradise Adjusted EBITDA (loss) HK$ 556.6 m Casino Waldo (Jan – Feb 2020) HK$ (101.1) m HK$ 43.4 m Net loss Reported Revenue (192.1) HK$ 351.7 m HK$ m 10
Slide 11: Revenue & Adjusted EBITDA
REVENUE & ADJUSTED EBITDA Reported Revenue by Segment Adjusted EBITDA by Properties/Nature 1,181.8 HK$ million HK$ million FY2020 FY2019 Casinos under the Group’s management: 1,200.0 177.6 • Casino Kam Pek Paradise (42.7) 141.5 1,000.0 • Casino Waldo (17.8) (27.5) Subtotal (60.5) 114.0 800.0 Electro
Slide 12: Casino Management Services
CASINOS UNDER MANAGEMENT PERFORMANCE HIGHLIGHTS C ASINO MANAGEMENT SERVICES FY2020 Jan–Feb 2020 GGR HK$ 556.6million HK$ 43.4million GGR Contribution - Traditional Tables 40.9% 66.1% - LMG 54.7% 33.0% - Slot Machines 4.4% 0.9% 100.0% 100.0% Reported Revenue HK$ 303.1million HK$ 23.3million Adjusted
Slide 13: KPIs for Casinos under Management
KPIs FOR CASINOS UNDER MANAGEMENT Casino Kam Pek Paradise Casino Waldo FY2020 Jan – Feb 2020 HK$ HK$ Total GGR for the year/period 556.6 million 43.4 million Traditional Gaming Tables GGR per table/day 22,200 28,100 LMG Gaming Tables GGR per table/day 83,100 47,700 GGR per terminal/day 1,548 745 Ble
Slide 14: 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 7/2020 8/2020 9/2020 10/2020 11/2020 12/2020 YoY decrease in GGR (in %) -20.0% -40.0% Casino Kam Pek Paradise -60.0% Macau over
Slide 15: GGR Contribution in Casino Kam Pek Paradise
GGR CONTRIBUTION IN CASINO KAM PEK PARADISE Contribution of GGR (%) 80.0% 70.0% 60.0% 50.0% Traditional gaming table 40.0% LMGs Slot 30.0% 20.0% 10.0% 0.0% 2013 2014 2015 2016 2017 2018 2019 2020 GGR of LMGs outperformed traditional gaming tables in FY2020 15
Slide 16: Electronic Gaming Equipment & Systems
ELECTRONIC GAMING EQUIPMENT & SYSTEMS PERFORMANCE HIGHLIGHTS ELECTRONIC GAMING EQUIPMENT & SYSTEMS Reported Revenue HK$ 25.3million R&D and Other Costs (included in Adjusted HK$ 64.0million EBITDA) Adjusted EBITDA (loss) (71.6) million HK$ OUR GROWING SLOT GAME LIBRARY 16
Slide 17: 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 paradise.ir@hk1180.com Suite 1207,
Slide 18: 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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