Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — Nomura Investment Forum Asia 2015

41 slides from Genting Malaysia Bhd's conference presentation, 2015

  1. Slide 1: Nomura Investment Forum Asia 2015

    No. 58019-U Nomura Investment Forum Asia 2015 1

  2. Slide 2: Agenda

    Agenda  Overview  Financial Highlight  Domestic Operations • Resorts World Genting • Genting Integrated Tourism Plan (“GITP”)  Overseas Operations • United Kingdom • United States • Bahamas  Looking Ahead 2

  3. Slide 3: Malaysia

    O MALAYSIA

  4. Slide 4: Genting Malaysia Berhad ("GENM") – Overview

    Genting Malaysia Berhad (“GENM”) – Overview  Market capitalisation of ~RM24 bil (~US$7 bil)  ~ 19,000 employees  Major leisure, entertainment and gaming operations worldwide • Malaysia • United Kingdom • United States of America • Bahamas Normalised data (rebased to 100) 4

  5. Slide 5: GENM – Leisure & Hospitality Corporate Structure

    GENM – Leisure & Hospitality Corporate Structure Berhad 49.3% Leisure, hospitality, Others entertainment and gaming 17.8% 100% 1 100% 100% 100% 100% 78% 44.9 % 100% 17.7% 100 % 1 Includes Awana Hotel 5

  6. Slide 6: Resorts World Genting, Malaysia

    Resorts World Genting, Malaysia  18.1m visitors in FY2014  ~ 9,000 rooms  ~ 13,000 employees  ~ 3.6m Genting loyalty card members Tower 2A Lobby, RWG Genting Club 360 Bar, RWG Crockfords, RWG ………… A leading integrated leisure & entertainment resort 6

  7. Slide 7: Genting Casinos United Kingdom, UK

    Genting Casinos United Kingdom, UK  4.0m visitors in FY2014  Operates 41 casinos • 4 International Markets casinos • 37 Home Markets casinos  ~ 3,400 employees Colony Bar, GUK Genting Club Westcliff, GUK Crockfords Restaurant, GUK ………… One of the leading casino operators in the UK 7

  8. Slide 8: Resorts World Casino New York City, US

    Resorts World Casino New York City, US  8.6m visitors in FY2014  Equipped with 5,000 video gaming machines (“VGM”) and other leisure facilities  ~ 800 employees Red Express buses RWNYC Gaming Floor, RWNYC ……… Highest grossing VGM facility by revenue in Northeast US 8

  9. Slide 9: Resorts World Bimini and Bimini SuperFast

    Resorts World Bimini and Bimini SuperFast  78 : 22 joint venture  Experience starts in Miami aboard the Bimini SuperFast cruise ferry  Offers gaming, accommodation, leisure and entertainment in the resort and on the SuperFast cruise ferry  ~ 500 employees RW Bimini Bimini SuperFast 9

  10. Slide 10: Malaysia

    O MALAYSIA 10

  11. Slide 11: GENM – FY2014 Financial Performance at a Glance

    GENM – FY2014 Financial Performance at a Glance  Malaysian & UK operations • Overall higher volume of business but lower hold percentage  US operations • RWNYC adjusted EBITDA affected by higher payroll and related costs • Capacity constraints at RW Bimini  Others • Write-off project costs due to

  12. Slide 12: GENM – 1Q2015 Financial Performance at a Glance

    GENM – 1Q2015 Financial Performance at a Glance  Malaysian operations • Overall higher volume of business but lower hold percentage  UK operations • Lower hold percentage and volume of business in the premium players business  US operations • Higher volume of business from both RWNYC and RW Bimin

  13. Slide 13: GENM – L&H Revenue Bridge 1Q 2015

    GENM – L&H Revenue Bridge 1Q 2015 RM’mil 2,063 2,000 13

  14. Slide 14: GENM – L&H EBITDA Bridge 1Q 2015

    GENM – L&H EBITDA Bridge 1Q 2015 RM’mil 594 570 14

  15. Slide 15: GENM – Revenue & Adjusted EBITDA

    GENM – Revenue & Adjusted EBITDA Revenue by geography in FY2014*: Adjusted EBITDA by geography FY2014*: * 100% Malaysia in 2008 15

  16. Slide 16: GENM – Capital Management Strategy

    GENM – Capital Management Strategy Dividend  Net div per share of 6.50 sen in 2014 • 5-year CAGR of 3.5%  FY14 payout ratio of 31% Share Buy Back  Initiated since July 2007  To date, bought back 268m shares for RM905m  4.52% of total issued capital 16

  17. Slide 17: Aerial view of Resorts World Genting

    Aerial view of Resorts World Genting 17

  18. Slide 18: Domestic – 1Q15 Performance Review

    Domestic – 1Q15 Performance Review Operational Performance:  Revenue growth • ↑ 2% 1Q15 vs 1Q14 • 5-year CAGR of 2%  Adjusted EBITDA • ↓ 4% 1Q15 vs 1Q14  Adjusted EBITDA margin • ↓ from 37% to 35% in 1Q15 18

  19. Slide 19: Artist Impression

    Artist Impression 19

  20. Slide 20: GITP – Development Plans

    GITP – Development Plans 20

  21. Slide 21: Tower 2A – Lobby

    Tower 2A — Lobby —= . ~<a

  22. Slide 22: Tower 2A – Room

    Tower 2A – Room 22

  23. Slide 23: UK, US and The Bahamas

    UK US and The Bahamas 23

  24. Slide 24: Gaming Area, Genting Club Westcliff

    Gaming Area, Genting Club Westcliff Genting Club Fountainpark, Lounge 24

  25. Slide 25: Genting UK – Performance Review (1Q 2015)

    Genting UK – Performance Review (1Q 2015) Operational Performance:  Group revenue ↓ 6% in 1Q15 • International Markets ↓ 30% • Home Markets ↑ 17%  Adjusted EBITDA ↓ 63% in 1Q15  ~1.0 mil visitors in 1Q15 * Revenue split: International markets – 54%; Home markets – 46% 25

  26. Slide 26: Resorts World Birmingham

    Resorts World Birmingham Artist Impression ………… UK’s first integrated destination leisure complex 26

  27. Slide 27: Genting Arena at Birmingham

    GentingArena Genting ArenaatatBirmingham Birmingham ………… One of the largest concert arena in the UK 27

  28. Slide 28: Resorts World Casino New York City, US; Resorts World Miami, US; Resorts World Bimini, Bahamas

    Resorts World Casino New York City, US Resorts World Miami, US Resorts World Bimini, Bahamas Bimini SuperFast, Bahamas 28

  29. Slide 29: RWNYC – Performance Review (1Q 2015)

    RWNYC – Performance Review (1Q 2015) Operational Performance:  Largest VGM facility in Northeast US  Average WPU ↑ 4% in 1Q15  Market share* ↑ 1ppt to 43.5% (1Q14: 42.4%)  2.0 mil visitors in 1Q15  Revenue remained consistent at US$58m  Adjusted EBITDA ↑29% in 1Q15 * New York Statewide total n

  30. Slide 30: Bimini, Bahamas

    30 BIMINI | 4 BAHAMAS RESORT -CASINO-MARINA aT)

  31. Slide 31: RW Bimini & Bimini SuperFast – 1Q 2015

    RW Bimini & Bimini SuperFast – 1Q 2015 Operational Performance:  Overall business volume and visitation have improved since the opening of the deep water jetty  New 300-room Hilton Hotel to be fully opened in 2H 2015  ~37.5k visitors to the resort in 1Q15 (↑ 50%) 31

  32. Slide 32: Hilton at RW Bimini – Double Queen Hotel Room

    Hilton at RW Bimini – Double Queen Hotel Room 32

  33. Slide 33: Hilton at RW Bimini – Second Floor Hallway

    Hilton at RW Bimini – Second Floor Hallway 33

  34. Slide 34: Hilton at RW Bimini Phase 2 – Rooftop Terrace

    Hilton at RW Bimini Phase 2 – Rooftop Terrace Artist Impression …….....Opening in 2H 2015 34

  35. Slide 35: Malaysia

    35 5 MALAYSIA

  36. Slide 36: Prospects and Focus

    Prospects and Focus General Prospects  Global economic growth is expected to remain moderate, with uneven prospects across major economies  Outlook for international tourism in 2015 is expected to be encouraging, with growing demands albeit at a slower rate  Cautious on near term outlook for L&H

  37. Slide 37: Prospects and Focus

    Prospects and Focus Genting UK  Continue to grow the International and Home Markets divisions  Cautious on the volatility implicit in the International Markets division given the continuing challenges in Asia affecting the premium players segment  Opening of Resorts World Birmingham in 2H15 Resor

  38. Slide 38: Genting Hong Kong ("GENHK") Proposed Disposal Mandate

    Genting Hong Kong (“GENHK”) Proposed Disposal Mandate 38

  39. Slide 39: GENHK Proposed Disposal Mandate – Overview

    GENHK Proposed Disposal Mandate – Overview  On 11 May 2015, GENM announced that it will seek shareholders’ mandate to dispose entire stake in GENHK (17.81% or 1.4 billion shares)  A shareholders’ EGM will be held Key Terms of the Proposed Disposal Mandate Mandate period One year from shareholders’

  40. Slide 40: Rationale

    Rationale  Non-core investment (held as “available-for-sale” assets) • No dividend from GENHK for the past 10 years, except FY2014 • Monetisation provides funds to pursue other core investments and/or to partially fund GITP  Provides flexibility for prompt disposal actions at the right timing • De

  41. Slide 41: Thank You

    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 Thank You Visi

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