Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — Investor Presentation (May 2014)
27 slides from Century Casinos's investor presentation, May 2014
Slide 1: Corporate Presentation
Corporate Presentation Peter Hoetzinger Founder, Co CEO & President May 2014
Slide 2: Safe Harbor Statement
Safe Harbor Statement Century Casinos, Inc. (the "Company") has prepared this presentation for the sole purpose of providing information relating to the Company. No reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its completeness, accuracy o
Slide 3: International Casino and Entertainment Company
International Casino and Entertainment Company § Developer and operator of mid-market, mid-size casinos in regulated markets world-wide § Focus on entertainment with gaming and attractive non-gaming facilities (Urban Casino Resort concept) § 29 casinos with 3,300 gaming machines and 230 gaming ta
Slide 4: 20-year Track Record
20-year Track Record Sustainable Growth Prudent Expansion Strategy Net Operating Revenues in USD Mio. *) § 1992 Company foundation by Co CEOs 120 Erwin Haitzmann and Peter Hoetzinger § 1993 First casino on cruise vessel 100 § 1994 First casino in Colorado 80 Listing on NASDAQ § 2005 Listing on V
Slide 5: International Diversification
International Diversification Edmonton ! Calgary ! Denver Colorado Springs ! ! Eastern Europe ! ! (9 Casinos in Poland) ! Aruba ! ! ! ! ! ! ! ! Land-based Casinos (14) ! Ship-based Casinos (15) 5
Slide 6: Two Casinos in Colorado (USA)
Two Casinos in Colorado (USA) Hotel-Casinos near Denver and Colorado Springs, both wholly-owned Central City Cripple Creek Opening 2006 Opening 1993 12 Gaming Tables and 498 Gaming Machines 6 Gaming Tables and 448 Gaming Machines 21 Hotel rooms ( 3 additional rooms plus 26 Hotel rooms, 500 car parki
Slide 7: Denver's Best Casino in 2012 and 2013
Denver’s Best Casino in 2012 and 2013 Century Casino in Central City, CO, has been voted „Best Casino“ in the Denver market Based on 150,000 votes from local experts choosing the best places in / around Denver Ahead of much larger companies such as Ameristar and Isle of Capri casinos Focus on custom
Slide 8: Two Casinos in Alberta (Canada)
Two Casinos in Alberta (Canada) Casinos in major metropolitan areas of Canada, both wholly-owned Calgary Edmonton Acquisition 2010 / Re-Opening 2011 Opening 2006 16 Gaming Tables and 529 Gaming Machines 34 Gaming Tables and 759 Gaming Machines Extensive surface parking available 26 Hotel rooms, heat
Slide 9: Alberta (Canada)
Alberta (Canada) Great Regulatory and Economic Environment for Casino Industry Job growth, especially in the oil and gas industry, leads to growing and increasingly wealthy population with high discretionary income (median income 24% above Canada’s national average) Over the past ten years, Alberta’
Slide 10: Nine Casinos in Poland, Europe
Nine Casinos in Poland, Europe Casinos Poland Ltd. – Nine Casinos in Major Cities of Poland 66.66% Controlling Stake in Polish Market Leader (45% market share) 33.33% stake since 2007, increased to 66.66% in April 2013 for approx. USD 6.8 million High-quality casinos in 4- and 5-star hotels with 70
Slide 11: Casino Aruba
Casino Aruba Casino in Radisson Hotel & Spa Resort Aruba Long-term Management Agreement Re-opening under Century Casinos‘ Management in 2010 355 rooms and suites, various restaurants and bars, conference and spa facilities 16 Gaming Tables and 200 Gaming Machines for international tourists, guests f
Slide 12: 15 Casinos on Cruise Vessels
15 Casinos on Cruise Vessels Largest Independent Operator of Casinos onboard luxury Cruise Vessels Casinos wholly-owned and operated under casino concession agreements 55 Gaming Tables and 425 Gaming Machines. Approx. 12,500 passengers daily. Opportunistic approach towards cruise lines with affluent
Slide 13: Financials
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Slide 14: Q1 2014 Revenue by Region
Q1 2014 Revenue by Region Ships & Aruba 6% USA 22% Poland 43% Canada 29% 14
Slide 15: Q1 2014 Financials
Q1 2014 Financials Key Income Statement and Balance Sheet figures as of March 31, 2014 in USD Mio. Q1 2014 Q1 2013 Change 29,1 18,0 +62% Net Operating Revenue Adjusted EBITDA 2,8 3,2 -15% 26,4 27,4 -3% Cash & Cash Equivalents Debt Obligations *) 33,8 34,1 -1% *) Includes $7.5 million related to Casi
Slide 16: Net Operating Revenue
Net Operating Revenue $30 $29,1 $29,4 $28,8 $28,3 $25 $20 $18,7 $18,1 $17,6 $18,0 $18,0 $17,8 $17,6 $17,7 $17,1 $16,0 (in millions) $15,6 $14,9 $15 $14,1 $10 $5 $0 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2014 2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2013 16
Slide 17: Outlook
Outlook
Slide 18: Nova Star Cruise Ferry – May 15, 2014
Nova Star Cruise Ferry – May 15, 2014 § Luxury cruise ferry service (1,215 passengers) between Portland, Maine, and Yarmouth, Nova Scotia, started on May 15, 2014 10 hours by car § Strong financial support from Province of Nova Scotia and Singapore shipyard (ship- owner and stake in operating -‐-
Slide 19: Casino on new TUI Cruises Ship
Casino on new TUI Cruises Ship § TUI Cruises is a joint venture between Royal Caribbean Cruises and TUI Travel Germany § Currently two luxurious 1,900-guest ships (Mein Schiff 1, Mein Schiff 2) in service, with focus on the European premium all inclusive cruise market § Mein Schiff 3, a new 2,500
Slide 20: Three new Casinos on Seabourn Cruises Vessels
Three new Casinos on Seabourn Cruises Vessels § Windstar Cruises (we have the agreement to operate their casinos) have purchased three 210-pax luxury vessels from Seabourn Cruises § The first of these three vessels has been delivered to Windstar in spring 2014, the other two in spring 2015 § Thes
Slide 21: Casinos Poland Ltd.
Casinos Poland Ltd. § Targets for next few quarters: – Optimization of operating procedures – Increase slot machine capacity by ca. 25% – Analysis of smaller, weaker operations and possibly move locations – Improve operating margins (currently less than 10%) § Gaming law provides for the licenses
Slide 22: Century Downs Racetrack and Casino Calgary, Canada
Century Downs Racetrack and Casino Calgary, Canada § Only horse race track in Calgary, rights to slot-casino license (moratorium in place, but this license is grandfathered in, last one available in any Alberta metro area) § track, 550 slots, 5.5/8th-mile horse race bars, lounges, restaurants, off
Slide 23: Century Downs Racetrack and Casino Calgary, Canada
Century Downs Racetrack and Casino Calgary, Canada § In position to capture north, north east Century Downs and affluent north west Calgary markets § On Queen Elisabeth II highway, one of the most heavily used highways in Intl. Airport Western Canada § Next to CrossIron Mills, a 1.4 mil sft regio
Slide 24: Century Downs Racetrack and Casino Calgary, Canada
Century Downs Racetrack and Casino Calgary, Canada § Alberta Gaming Commission development approval in place § Horse Racing Alberta license in place § Development Permit in place § Sod-turning on December 4, 2013 § Construction in progress § On-time and on-budget for a Q1 2015 opening § Regul
Slide 25: Application for Casino-License in Vienna, Austria
Application for Casino-License in Vienna, Austria § Three new casino licenses available in the Vienna metro area § „Urban Hotel Casino Resort“ concept a first for Vienna § Existing hotel Intercontinental will be renovated, 400 rooms, parking garage, congress- and event facilities, spa, restaurant
Slide 26: Summary
Summary § Internationally diversified portfolio, market leader in Poland and Cruise Industry § Healthy balance sheet, plus $27 million credit line with BMO at 3.9% (currently / floating) § Confirmed growth drivers (new casino openings): - Five new Cruise Ship Casinos in next 12 months - Century D
Slide 27: THANK YOU !
THANK YOU ! Peter Hoetzinger Founder, Co CEO & President peter.hoetzinger@cnty.com US: + 1 (719) 689 5813 Europe: + 43 664 355 3935