(i.z.) Queenco Ltd. · TASE:QNCO
(i.z.) Queenco — Queenco Leisure International — Q1 2009 Earnings Presentation
24 slides from (i.z.) Queenco's earnings presentation, May 2009
Slide 1: Company Presentation
Company Presentation May 2009
Slide 2: QLI - An Emerging Markets Casino Operator
QLI - An Emerging Markets Casino Operator 2
Slide 3: 2009 Q1 Overview
2009 Q1 Overview • Global economic crisis impacting gaming • Decrease in consumer spending • QLI remains relatively well positioned • Good retention of loyal customer base • Drawing new guests into properties • Highly experienced personnel • Net current assets of €1.3m • €37m net cash position 3
Slide 4: Operational Review
“——~ Leisure International Ltd. PIT IV Es, HK TAC o, Operational Review
Slide 5: Club Hotel Casino Loutraki - Greece
Club Hotel Casino Loutraki - Greece Highlights: • 275 rooms deluxe hotel • No. of guests in the period Decreased by 7,150 to • 80 table games 308,253 (2008: 315,403) despite economic downturn • 1,000 slot machines • Net revenues for the period of €38.7m (2008: €48.8m) • Approximately 1,600 • Average
Slide 6: Club Hotel Casino Loutraki - Greece
Club Hotel Casino Loutraki - Greece Three months ended 31 March Three months ended 31 March Gross EBITDA EBITDA Win per Number of Gaming (EURm) Margin Visit Guests 315 230 Revenue (%) (000’s) 308 185 (EUR) (EURm) 2009 57 9.9 25.6 185 308 Number of Guests (000’s) Win per Visit (EUR) 2008 72.6 21.7 44
Slide 7: Casino Rodos - Greece
Casino Rodos - Greece Highlights: • Net revenues of €4.9m (2008: €5.3m) • Average win per visit of €221 (2008: €206) • 5-star boutique hotel with 33 suites • Number of guests 32k (2008: 36k) • 34 table games • Continues to focus on attracting high rollers • 310 slot machines • Private jet will accom
Slide 8: Casino Rodos - Greece
Casino Rodos - Greece Three months ended 31 March Three months ended 31 March Gross EBITDA EBITDA Win per Number of Gaming (EURm) Margin Visit Guests 36 Revenue (%) (000’s) (EUR) (EURm) 32 221 206 2009 7 0.5 10.9 221 32 Number of Guests (000’s) Win per Visit (EUR) 2008 7.5 0.8 14.2 206 36 2008 2009
Slide 9: Casino Palace - Romania
Casino Palace - Romania Highlights: • Delivered strong performance in 2009 • Net revenues were down 5.5% to €6.7m (2008: €7.1m) • 24 table games • Average win per visit of €240 (2008: €252) due to our high roller • 87 slot machines clientele • Approximately 470 employees • Number of guests 29k (2008
Slide 10: Casino Palace - Romania
Casino Palace - Romania Three months ended 31 March Three months ended 31 March Gross EBITDA EBITDA Win per Number of Gaming (EURm) Margin Visit Guests Revenue (%) (000’s) 252 (EUR) (EURm) 240 29 29 2009 7.0 3.4 50.8 240 29 Number of Guests (000’s) Win per Visit (EUR) 2008 7.3 4.1 57.8 252 29 2008 2
Slide 11: Casino Constanta - Romania
Casino Constanta - Romania • Started planning Casino Constanta in a building of historical interest • 49.5 year lease • Constanta is Romania’s largest port and one of the Country’s main tourist destinations • Purchased one square kilometre of land next to casino, planned to build a hotel for high ro
Slide 12: Grand Casino d.o.o. Beograd - Serbia
Grand Casino d.o.o. Beograd - Serbia Highlights: • Located in Belgrade, a city with a population of over 2 million • 230 slot machines • Casino Beograd has exclusivity until 2015 • 25 table games • Guest numbers for 2008 were 190K • 6 restaurants 12
Slide 13: Grand Casino d.o.o. Beograd - Serbia
Grand Casino d.o.o. Beograd - Serbia • On 31 December 2008 CHL signed an agreement to acquire Casino Austria’s 51% stake in Casino Beograd for €42m • CHL’s total stake in the casino reached 90% • QLI’s indirect holding increased to 30.7% • Casino Austria granted CHL an option to acquire 50% or 75% o
Slide 14: SaSaZu, Prague - Czech Republic
SaSaZu, Prague - Czech Republic • Entertainment centre recently opened under the name of SaSaZu, which includes – • a night club and discotheque • a unique South Asian restaurant • a slot machine hall to be opened • a garden café to be opened • Plan to expand gaming activities 14
Slide 15: Additional Properties
Additional Properties • Sihanoukville, Cambodia • Plans for a property on the beachfront in Sihanoukville • Currently under review - pending an upturn in the economic environment • Bulgaria • Two premises acquired: • Ex-theatre in Sofia * Artist’s impression of Sihanoukville resort • Ex-cinema in Va
Slide 16: Financial Review
“——~ Leisure International Ltd. BUN ITV Go, \ 4/ LAC L/ Financial Review
Slide 17: Summary IFRS Profit and Loss Account
Summary IFRS Profit and Loss Account Year ended Three months ended Three months ended 31 December 31 March 2009 31 March 2008 2008 €m €m €m Net revenues 137.4 31.1 38.3 Operating, Selling and Administrative expenses (89.6) (23.7) (23.2) EBITDA 47.8 7.4 15.1 Share of results of associates (2.2) (0.7)
Slide 18: Summary IFRS Balance Sheet
Summary IFRS Balance Sheet Year ended Year ended Year ended 31 March 31 December 31 March 2008 2008 2009 €m €m €m Non-current assets 149.2 170.9 142.6 Cash & cash equivalents 57.0 14.0 86.6 Other current assets 14.3 13.9 9.0 Total assets 220.5 247.5 238.2 Current liabilities 50.2 75.3 56.3 Non-curre
Slide 19: Summary IFRS Cash Flow Statement
Summary IFRS Cash Flow Statement Year ended 31 Year ended 31 Year ended 31 December March March 2008 2009 2008 €m €m €m Net cash from operating activities 19.8 9.0 10.8 Net cash used in investing activities (28.0) (2.4) 0.7 Net cash used in financing activities (13.2) (0.4) (0.6) Net increase / (dec
Slide 20: Strategic Overview
“——~ Leisure International Ltd. PIT IV Es, HK TAC o, Strategic Overview
Slide 21: Strategic Priorities in 2009
Strategic Priorities in 2009 • Strengthening Group Capabilities • Focusing on core competencies • Improving operating efficiency • Identifying Growth Opportunities 21
Slide 22: Appendix
“——~ Leisure International Ltd. PIT IV Es, HK TAC o, Appendix
Slide 23: Timeline
Timeline 1995 1999 2001 2002 2004 2005 2006 2007 2008 • Opening of • Take over • Purchase of real • Secured • $10m land acquisition for the casinos in operations and estate in Varna property in Cambodian beachfront resort Loutraki and commencement of and Sofia for Prague • Acquisition of plane to Bu
Slide 24: Disclaimer
Disclaimer This document has been prepared by the Company solely for use at presentations held in connection with the announcement of its preliminary results for the year ended 31 December 2008. The information in this document has not been independently verified and no representation or warranty, e
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