Genting Malaysia Bhd. · MYX:GENM
Genting Malaysia Bhd — Invest Malaysia Conference 2015
39 slides from Genting Malaysia Bhd's conference presentation, Apr 24, 2015
Slide 1: Corporate Presentation, Invest Malaysia Conference 2015
No. 58019-U Corporate Presentation Invest Malaysia Conference 2015 24 April 2015 1
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
Slide 3: Genting Club 360 Bar, RWG
Genting Club 360 Bar, RWG 3
Slide 4: Genting Malaysia Berhad (GENM) – Overview
Genting Malaysia Berhad (“GENM”) – Overview Market capitalisation of ~ RM24 bil (~ US$8 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
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% 22.1% 1 Includes Awana Hotel 5
Slide 6: Resorts World Genting, Malaysia
Resorts World Genting, Malaysia 18.1m visitors in FY2014 ~ 9,000 rooms ~ 13,000 employees ~ 3.5m Genting loyalty card members Tower 2A Lobby, RWG Adjusted EBITDA of RM1,860m in FY2014 Crockfords, RWG Genting Club, RWG ………… A leading integrated leisure & entertainment resort 6
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 Slots Area, Genting Club Fountainpark Adjusted EBITDA of £46m in FY2014 Gaming Area, Genting Club Westcliff Fahrenheit Grill, Genting C
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 and other leisure facilities ~ 800 employees Adjusted EBITDA of US$78m in FY2014 Gaming Floor, RWNYC RWNYC Dining, RWNYC ………… Highest grossing slots facility by revenue in Northeast US 8
Slide 9: Resorts World Bimini & Bimini SuperFast
Resorts World Bimini & 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 Bimini SuperFast ~ 500 employees Dining, Bimini SuperFast
Slide 10: Sesame Street @ RWG
Sesame Street @ RWG 10
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 in project costs due
Slide 12: GENM – L&H Revenue Bridge FY2014
GENM – L&H Revenue Bridge FY2014 RM’mil 8,217 8,062 12
Slide 13: GENM – L&H EBITDA Bridge FY2014
GENM – L&H EBITDA Bridge FY2014 RM’mil 2,389 2,137 13
Slide 14: GENM – Revenue & Adjusted EBITDA
GENM – Revenue & Adjusted EBITDA Revenue by geography in FY2014*: Adjusted EBITDA by geography FY2014*: * 100% Malaysia in 2008 14
Slide 15: 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 RM900m 4.51% of total issued capital 15
Slide 16: Aerial view of Resorts World Genting
Aerial view of Resorts World Genting 16
Slide 17: Domestic – FY2014 Performance Review
Domestic – FY2014 Performance Review Operational Performance: Revenue growth • ↓ 6% y-o-y • 5-year CAGR of 2% Adjusted EBITDA • ↓ 6% y-o-y Adjusted EBITDA margin remain consistent at 35% 17
Slide 18: Artist Impression
Artist Impression 18
Slide 19: GITP – Highlights of FY2014
GITP – Highlights of FY2014 On 4th December 2014: Launched the Horizon 50 • Glimpse of the upcoming GITP attractions • Showcases the birth and future of RWG Introduced Sky Avenue, an upcoming lifestyle mall designed with open air decks Welcomed onboard RWG’s new brand ambassador – Tan Sri Mich
Slide 20: Tower 2A – Lobby
Tower 2A — Lobby —= . ~<a
Slide 21: First World Hotel Tower 2A – Reception
First World Hotel Tower 2A – Reception 21
Slide 22: Tower 2A – Room
Tower 2A – Room 22
Slide 23: Tower 2A – Room
Tower 2A — Room @ The first Twentieth Century Fox World New Skyway link with capacity of 7,200 pax per hour 11,500-seat world-class showroom New 4-star & 5-star hotels of up to 2,300 new rooms @ RM5 billion invested in upgrades @ 450,000 sq ft consisting of new retail, F&B outlets and cinemas
Slide 24: Overseas Operations: UK, US & Bahamas
/ WG / OVERSEAS OPERATIONS NEW YORK CITY UK + mi oe ; P = fm) yr . y GENTING e MALAYSIA 24
Slide 25: Genting Casinos UK venues
Gaming Area, Genting Club Westcliff Genting Casino Margate Dining Area, Genting Club Manchester Genting Club Fountainpark, Lounge 25
Slide 26: Genting UK – Performance Review (FY2014)
Genting UK – Performance Review (FY2014) Operational Performance: Total of 41 casinos in UK • 4 International Markets casinos • 37 Home Markets casinos Group revenue ↓ 2% • International Markets ↓ 11% • Home Markets ↑ 11% 4.0m visitors in FY2014 * Revenue split: International markets – 54%; Ho
Slide 27: Resorts World Birmingham
Resorts World Birmingham Artist Impression ………… Opening in 2H 2015 27
Slide 28: Genting Arena at Birmingham
GentingArena Genting ArenaatatBirmingham Birmingham ………… One of the largest concert arena in the UK 28
Slide 29: Resorts World Birmingham – Fact Sheet
Resorts World Birmingham – Fact Sheet UK’s first integrated destination resort Located at the National Exhibition Centre, Birmingham Investment commitment: £150 mil Features include:- • Casino • 180-room hotel • Outlet shopping mall & cinema • Conference & banqueting space • Sky bar, spa and
Slide 30: Resorts World Casino New York City, Miami, Bimini
Resorts World Casino New York City, US Resorts World Miami, US Resorts World Bimini, Bahamas Bimini SuperFast, Bahamas 30
Slide 31: RWNYC – Performance Review (FY2014)
RWNYC – Performance Review (FY2014) Operational Performance: Second largest grossing video gaming facility in North America Average Win Per Unit ↑ 3% Market share* ↑ 2ppt to 43% (FY13: 41%) Undertaken workforce rightsizing initiatives to enhance operational efficiencies 8.6 mil visitors in
Slide 32: RW Bimini
RW Bimini BIMINI BAHAMAS RESORT+CASINO«MARINA 32
Slide 33: RW Bimini & Bimini SuperFast – FY2014
RW Bimini & Bimini SuperFast – FY2014 * * Opened in 1 Jul 2013 Operational Performance: Operations remained challenging (infrastructure constraints) Initiative to address the constraints: • New deep water jetty was launched on 18 September 2014 • Expanded cruise service in 4Q14 with new 2-night
Slide 34: RW Bimini – New Luxury Hotel
RW Bimini – New Luxury Hotel Artist Impression …….....Opening in mid-2015 34
Slide 35: RW Bimini – New Luxury Hotel Fact Sheet
RW Bimini – New Luxury Hotel Fact Sheet 300-room luxury marina hotel Expected completion by mid-2015 Key features: • 2 restaurants • A lobby piano bar • A rooftop pool • A bar and nightclub / lounge • Spa and fitness centre • Meeting space for up to 400 guests • Private gaming salon • High end
Slide 36: RW Birmingham (Artist Impression)
RW Birmingham (Artist Impression) 36
Slide 37: Prospects and Focus
Prospects and Focus General Prospects Global economy continues to expand at moderate and uneven pace International tourism industry remains largely positive with expected increase in demand for air travel Cautious on near term outlook for L&H industry; positive on the longer term outlook Resor
Slide 38: Prospects and Focus
Prospects and Focus Genting UK Committed to further grow the International and Home Markets divisions Resorts World Birmingham is expected to be operational by mid 2015 Resorts World Casino New York City Continues to enhance marketing initiatives to grow visitations and customer database Resor
Slide 39: Thank You
Thank You Visit us at www.gentingmalaysia.com 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 director
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