Skycity Entertainment Group Limited · NZX:SKC
Skycity Entertainment — UBS Investor Conference 2017
19 slides from Skycity Entertainment's conference presentation, Nov 13, 2017
Slide 1: ASX/NZX cover letter for UBS Investor Conference presentation
13 November 2017 For personal use only Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street WELLINGTON Copy to: ASX Market Announcements Australian Stock Exchange Exchange Centre Level 6 20 Bridge Street Sydney NSW 2000 AUSTRALIA RE: SKYCITY ENTERTAINMENT GROUP LIMITED (SKC) INVEST
Slide 2: Investor Presentation, UBS Investor Conference
SKYCITY Entertainment For personal use only Group Limited Investor Presentation UBS Investor Conference 13 November 2017
Slide 3: SKYCITY Overview
SKYCITY Overview Owner and operator of casino and entertainment facilities in NZ and Australia For personal use only Key activities – gaming, hotels, convention facilities, F&B, entertainment and out-catering services Long-term exclusive casino licences Diversified revenue and earnings base
Slide 4: Property Summary
Property Summary For personal use only Exclusive casino licence to 2031 Exclusive casino licence to 2048(1) 1,877 gaming machines, 150 tables, 240 ATGs, ~630 (for top 700kms of NT) hotel rooms / suites, ~3,000 employees. $700m NZICC 600 gaming machines, 30 tables, 152 hotel rooms / suites, ~800 empl
Slide 5: Recent Financial Performance: FY15-FY17
Recent Financial Performance: FY15-FY17 Record normalised NPAT achieved in FY17 For personal use only Policy of distributing at least 80% of normalised NPAT in dividends to shareholders per annum (subject to a minimum of 20.0 cps) FY15-FY17: Normalised EBITDA and NPAT (NZ$m) FY15-FY17: Dividend
Slide 6: Recent Financial Performance: Geographic Mix
Recent Financial Performance: Geographic Mix SKYCITY Auckland (NZ) represented 81% (1) of FY17 group normalised EBITDA For personal use only Group-wide IB represented 6% (2) of FY17 group normalised EBITDA (10% for FY16) Properties predominately service customers from local populations and com
Slide 7: YTD Trading Update
YTD Trading Update Group In the four months to 31 October 2017, group normalised revenue was up 1.7% on the pcp, with domestic revenue For personal use only (which excludes IB) up 3.1% on the pcp New Zealand NZ properties are performing well, particularly in Auckland due to successful marketing
Slide 8: NZICC & Hobson St Hotel
Update On Key Initiatives – NZICC & Hobson St Hotel SKYCITY is investing ~$700m in Auckland to deliver the NZICC, a 300 room 5 star hotel, a retail laneway, and 1,327 For personal use only additional car parks Car park and hotel basement construction well advanced, and steel structures being ere
Slide 9: NZICC & Hobson St Hotel
Update On Key Initiatives – NZICC & Hobson St Hotel For personal use only NZICC & Hobson St hotel (Artist impression) 8
Slide 10: NZICC & Hobson St Hotel
Update On Key Initiatives – NZICC & Hobson St Hotel For personal use only NZICC & Hobson St hotel site (as at November 2017) 9
Slide 11: Adelaide Expansion
Update On Key Initiatives – Adelaide Expansion Vision to transform the Adelaide Casino into a world-class casino and entertainment complex For personal use only Expansion includes additional gaming capacity (~30% increase post opening), IB gaming suites and villas, a 123 room all-suite hotel, an
Slide 12: Adelaide Expansion
Update On Key Initiatives – Adelaide Expansion For personal use only Existing heritage Adelaide Casino & building Hotel expansion New Adelaide Convention Centre Upgraded Adelaide Festival Centre New 20-storey office tower 1,500 space car park below ground Adelaide Oval, via Festival Plaza with bridg
Slide 13: Adelaide Expansion
Update On Key Initiatives – Adelaide Expansion For personal use only Early works progress (as at November 2017) – Grade separation 12
Slide 14: Adelaide Expansion
Update On Key Initiatives – Adelaide Expansion For personal use only Early works progress (as at November 2017) – Station Road works 13
Slide 15: Other Recent Achievements
Update On Key Initiatives – Other Recent Achievements only Acquired NPT’s interest in the AA Centre for $47m on 12 October 2017 (settlement: July 2018) Plan Acquisition consistent with intention to consolidate control over the Auckland precinct as part of the useMaster Auckland master planning b
Slide 16: Other Recent Achievements
Update On Key Initiatives – Other Recent Achievements only Management Appointments Michael Ahearne appointed group COO effective from 1 January 2018, to replace John Mortensen who intends to retire to Australia use Mr Ahearne joins from Paddy Power Betfair, and was previously COO of Star Sydney
Slide 17: Key Focus For Remainder Of FY18
Key Focus For Remainder Of FY18 For personal use only Improve operating performance of all business segments Monitor progress on NZICC & Hobson St hotel project in coordination with Fletcher Construction Complete tender process for Adelaide expansion construction contract and commence main works Fin
Slide 18: Disclaimer
Disclaimer All information included in this presentation is provided as at 13 November 2017 For personal use only This presentation includes a number of forward-looking statements Forward-looking statements, by their nature, involve inherent risks and uncertainties. Many of those risks and unc
Slide 19: SKYCITY Entertainment Group Limited
SKYCITY Entertainment For personal use only Group Limited
SKYCITY Entertainment Group — UBS Investor Conference 2017 on 6ix