Star Entertainment Group Limited · ASX:SGR
Star Entertainment — Shareholder Meeting (October 2021)
20 slides from Star Entertainment's shareholder meeting presentation, Oct 28, 2021
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING THURSDAY 28 OCTOBER 2021 The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 2: Our Board of Directors
OUR BOARD OF DIRECTORS JOHN O’NEILL MATT BEKIER GERARD BEN HEAP AO Managing BRADLEY Non Executive Chairman and Director and AO Director Non Executive Chief Executive Non Executive Director Officer Director KATIE LAHEY SALLY PITKIN RICHARD AM AO SHEPPARD Non Executive Non Executive Non Executive Dire
Slide 3: Annual General Meeting – John O'Neill AO, Chairman
ANNUAL GENERAL MEETING THURSDAY 28 OCTOBER 2021 John O’Neill AO, Chairman The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 4: 10 Years of Transformation
10 YEARS OF TRANSFORMATION 3 properties 1,389 4,783 Unlimited Sydney, GC, Brisbane Premium Hotel Keys Slots cap Tables and MTGMs TODAY ♦ Sydney and Gold Coast properties upgraded and expanded ♦ Large property portfolio – freehold or long term leases Queen’s Wharf The Star Treasury Brisbane The Star
Slide 5: Recent Events
RECENT EVENTS ♦ 14 September 2021 – the NSW regulator (ILGA) advised of next regular review of The Star Sydney ♦ 10-13 October 2021 – media reports contained allegations against The Star ♦ Queensland regulator (OLGR) to investigate the allegations ♦ 11 October 2021 – ASX Release - The Star is concer
Slide 6: Culture of Compliance and Regulatory Reform
CULTURE OF COMPLIANCE AND REGULATORY REFORM ♦ Committed to a culture of compliance and continuous improvement ♦ The Star has a strong risk and compliance model ♦ The Board and its committees play an important role in assessing the appropriateness of systems and processes ♦ The Star supports an enhan
Slide 7: South-East Queensland Investments
SOUTH-EAST QUEENSLAND INVESTMENTS Concept Image Only Concept Image Only QUEEN’S WHARF BRISBANE THE STAR GOLD COAST 7
Slide 8: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE OCTOBER 2020 OCTOBER 2021 8
Slide 9: The Star Gold Coast Development
THE STAR GOLD COAST DEVELOPMENT OCTOBER 2020 OCTOBER 2021 9
Slide 10: COVID-19 Recovery
COVID-19 RECOVERY ♦ Debilitating impact on tourism, hospitality and entertainment ♦ Severe impact on businesses and individuals ♦ Look forward with optimism – vaccination rates ♦ The Star Sydney re-opened on 11 October 2021 ♦ Operating in Queensland with some short shutdown periods 10
Slide 11: The 2021 Financial Year Results
THE 2021 FINANCIAL YEAR RESULTS FY2021 GROUP PERFORMANCE NORMALISED4 STATUTORY HIGHLIGHTS $M VS PCP5 $M VS PCP5 GROSS REVENUE 1,561.1 20.9% 1,557.1 11.0% NET REVENUE1 1,548.7 6.5% 1,545.4 3.9% EBITDA2 429.7 - 426.7 51.3% NPAT3 116.4 5.2% 57.9 N.M. 1. Net of player rebates and promotional allowances.
Slide 12: Annual General Meeting – Matt Bekier, Managing Director and CEO
ANNUAL GENERAL MEETING THURSDAY 28 OCTOBER 2021 Matt Bekier, Managing Director and CEO The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 13: Our People
OUR PEOPLE 13
Slide 14: Financial Results
FINANCIAL RESULTS ♦ Normalised Group revenue of $1.56bn, normalised EBITDA of $430m (flat on pcp) and normalised NPAT of $116m (down 5% on pcp) ♦ Strong performance in Queensland and across loyalty SOUND customers PERFORMANCE • Queensland properties’ EBITDA up 48% on pcp DESPITE COVID-19 • The Star
Slide 15: Key Milestones
KEY MILESTONES ♦ QWB was further de-risked with >90% of total project costs now under lump sum terms ♦ DFS lease agreement for luxury retail floor space at QWB ♦ The Star Gold Coast – the Dorsett hotel and apartments tower KEY MILESTONES is nearing completion with the hotel opening planned for ATTAI
Slide 16: Our Sustainability Approach: Targets and Recognition
OUR SUSTAINABILITY APPROACH TARGETS RECOGNITION NET-ZERO by 2030 for wholly owned A Sustainability Leader: 2020 CARBON EMISSIONS and operated assets Dow Jones Sustainability Index 30% reduction in carbon intensity by 2023 Included in the S&P Global Sustainability Yearbook 2021 30% reduction in water
Slide 17: Priorities for Year Ahead
PRIORITIES FOR YEAR AHEAD ♦ Legal, Regulatory and Compliance • Technology to further enhance AML/CTF capabilities • Focus on Responsible Gambling and the roadmap towards cashless gaming ♦ Recovery of business operations post COVID-19 while maintaining cost benefits ♦ Strategic initiatives • Explorat
Slide 18: Trading Update
TRADING UPDATE ♦ Trading in 1H FY2022 has been impacted by property shutdowns and COVID-19 related restrictions when open • Sydney re-opened to vaccinated guests on 11 October 2021 (shut from 26 June 2021) • Queensland properties are operating (shut from 30 June 2021 for 3-4 days and for an addition
Slide 19: Basis of Preparation and Non-IFRS Information
THE STAR ENTERTAINMENT GROUP LIMITED (ASX: SGR) BASIS OF PREPARATION AND NON-IFRS INFORMATION ♦ Information in this presentation is provided as at the date of the presentation unless specified otherwise. It should be read in conjunction with The Star Entertainment Group Limited’s financial report fo
Slide 20: Thank you for joining us today
ANNUAL GENERAL MEETING THURSDAY 28 OCTOBER 2021 Thank you for joining us today The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
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