Genting Malaysia Bhd. · MYX:GENM
Genting Malaysia Bhd — CGS-CIMB 14th Annual Malaysia Virtual Corporate Day (January 2022)
28 slides from Genting Malaysia Bhd's conference presentation, Jan 7, 2022
Slide 1: CGS–CIMB 14th Annual Malaysia Virtual Corporate Day
Copyright © 2022 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. Copyright © 2021 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. CGS–CIMB 14th Annual Malaysia Virtual Corporate Day Friday, 7 January Copyright2022 1 © 2021 Genting Malaysia Berhad 19800100423
Slide 2: Agenda
GROUP OVERVIEW GROUP HIGHLIGHTS MALAYSIAN OPERATIONS AGENDA OVERSEAS OPERATIONS • UK & EGYPT • US & BAHAMAS LOOKING AHEAD 2
Slide 3: Group Overview
01 GROUP OVERVIEW 3
Slide 4: GENM Key Properties
GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting, Malaysia Resorts World Casino Resorts World Resorts World Resorts World Bimini, New York City, US Catskills, US Birmingham, UK Bahamas 4
Slide 5: GENM Group Overview Introduction
GENM GROUP OVERVIEW INTRODUCTION Overview • GENM is a globally diversified casino and resort operator with a market capitalization1 of RM16.3bn • Genting Group (“GENT”) has 49.5% ownership in GENM, and is the immediate and ultimate holding company of GENM • Sole licensed casino operator in Malaysia,
Slide 6: Group Highlights
02 GROUP HIGHLIGHTS 6
Slide 7: GENM Financial Highlights 3Q21 & 9M21
FINANCIAL HIGHLIGHTS GENM 3Q21 & 9M21 % In RM’mil 3Q21 3Q20 9M21 9M20 % Change Change Revenue 826 1,417 ↓42% 2,267 3,488 ↓35% Adjusted 54 311 ↓83% (11) 180 ↓>100% EBITDA/(LBITDA) Adjusted EBITDA Margin 6% 22% N/A 5% Net (Loss)/Profit (307) (726) ↑58% (1,175) (2,103) ↑44% ▪ Positive adj. EBITDA in 3Q
Slide 8: GENM 5-Year Revenue Trend
FINANCIAL HIGHLIGHTS GENM 5-YEAR REVENUE TREND GENM is Well Diversified from a Revenue Perspective Revenue (RM’m) 10,407 9,928 9,330 1,538 8,932 1,457 (+6%) 1,493 (-2%) 1,403 (+6%) 1,687 1,792 (-6%) (-6%) 1,915 1,822 (+5%) 4,529 665 6,679 7,182 5,922 (+8%) 653 (+13%) 5,707 (+4%) 3,211 FY16 FY17 FY18
Slide 9: Dividend per Share
CAPITAL MANAGEMENT GENM STRATEGY Dividend per Share 24 Net dividend per share (sen) 19.00 20.00 20 16.50 17.00 9.00 8.00 14.50* 16 8.00 7.30 12 8.50 11.00 11.00 8 9.20 9.00 6.50 7.10 6.00 4 - FY14 FY15 FY16 FY17 FY18 FY19 FY20 *Include a special dividend of 8.5 sen (FY19: 9.0 sen) per share Dividend
Slide 10: GENM Sustainability Initiatives
GENM SUSTAINABILITY INITIATIVES SUSTAINABILITY IS AT THE FOREFRONT OF GENM’S OPERATIONS FTSE4GOOD INDEX SERIES 9.00 GENM was included as a constituent of the8.00 FTSE4Good Index Series since June 2018, having demonstrated8.00 7.30 strong ESG practices according to globally recognized standards. 8.50
Slide 11: Malaysian Operations
03 MALAYSIAN OPERATIONS 11
Slide 12: M'sia Performance Review in 3Q21 & 9M21
LEISURE & HOSPITALITY M’SIA PERFORMANCE REVIEW IN 3Q21 & 9M21 % % In RM’mil 3Q21 3Q20 9M21 9M20 Change Change Revenue 17.7 1,181.3 ↓99% 554.6 2,488.6 ↓78% Adjusted (164.8) 424.7 ↓>100% (342.6) 541.2 ↓>100% (LBITDA)/EBITDA Adjusted EBITDA N/A 36% N/A 22% Margin ▪ 3Q21 impacted by temporary closure of
Slide 13: M'sia Genting SkyWorlds
LEISURE & HOSPITALITY M’SIA GENTING SKYWORLDS Winter Wonderland ..… Timely completion of Genting SkyWorlds a key focus 13
Slide 14: Overseas Operations Properties: UK, US, Bahamas, Egypt
• One of the largest gaming • First integrated leisure • First and only video gaming machine facility in New York City UK operators in the UK complex of its kind in the UK US Bahamas Egypt • One of four commercial gaming- licensed casinos in New York1 • Features a casino, Hilton at RW • Exclusive ca
Slide 15: Overseas Operations: UK & Egypt
04 OVERSEAS OPERATIONS UK & EGYPT 15
Slide 16: UK & Egypt Performance Review in 3Q21 & 9M21
UK & LEISURE & HOSPITALITY EGYPT PERFORMANCE REVIEW IN 3Q21 & 9M21 % % In £’mil 3Q21 3Q20 9M21 9M20 Change Change Revenue 70.8 24.1 ↑>100% 110.4 99.6 ↑11% Adjusted 17.9 (9.3) ↑>100% 11.3 (24.5) ↑>100% EBITDA /(LBITDA) Adjusted EBITDA 25% N/A 10% N/A Margin ▪ Recovery in Group’s UK and Egypt results
Slide 17: Overseas Operations: US & Bahamas
04 OVERSEAS OPERATIONS US & BAHAMAS 17
Slide 18: US & Bahamas Performance Review in 3Q21 & 9M21
US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN 3Q21 & 9M21 % % In US$’mil 3Q21 3Q20 9M21 9M20 Change Change Revenue RWNYC and RW Omni 80.8 16.0 ↑>100% 223.5 81.8 ↑>100% RW Bimini 6.2 0.7 ↑>100% 12.1 3.0 ↑>100% Total 87.0 16.7 ↑>100% 235.6 84.8 ↑>100% Adjusted (LBITDA)/EBITDA RWNYC and RW O
Slide 19: US & Bahamas Update on Operations
US & LEISURE & HOSPITALITY BAHAMAS UPDATE ON OPERATIONS NY CASINOS RESUMED OPERATIONS SINCE 9 SEPT 2020 ▪ All operational restrictions lifted since 15 June 2021 ▪ RWNYC and RWC continue to operate with 21-point safety plan as health and safety remain a key priority ▪ Reopening of RWNYC and RWC have
Slide 20: US RWNYC Expansion
US RWNYC EXPANSION • The new 400-room Hyatt Regency JFK Airport at Resorts World New York hotel opened on 6 August 2021 • Features premium guestrooms, state-of-the-art conference space, renowned F&B outlets and additional gaming space ……Transforming RWNYC into a premium integrated resort destination
Slide 21: US RWNYC Expansion
US RWNYC EXPANSION ……Transforming RWNYC into a premium integrated resort destination 21
Slide 22: US Empire Resorts, Inc.
US EMPIRE RESORTS, INC. ▪ 49%-owned via an associate company ▪ Owns Resorts World Catskills (RWC), one of four commercial gaming-licensed casinos in the New York State ▪ 150 live table games, ~1,600 VGMs, over 400 rooms across 2 premium hotels and various F&B outlets ▪ One of nine licensed mobile sp
Slide 23: Empire Resorts Performance Review in 3Q21 & 9M21
US EMPIRE RESORTS, INC. PERFORMANCE REVIEW IN 3Q21 & 9M21 % % In US$’mil 3Q21 3Q20 9M21 9M20 Change Change Revenue 71.2 10.4 ↑>100% 168.6 57.6 ↑>100% Adjusted (LBITDA) 15.8 (11.0) ↑>100% 22.9 (31.9) ↑>100% Adjusted LBITDA 16% N/A 7% N/A Margin ▪ Strong rebound in operating performance driven by full
Slide 24: Looking Ahead
24 5 LOOKING AHEAD =)
Slide 25: M'sia Prospects and Focus
LOOKING AHEAD M’SIA PROSPECTS AND FOCUS Resorts World Genting ▪ Ramp up operational capacity by leveraging existing assets to meet increasing demand ▪ Optimise cost base to drive productivity and efficiency ▪ Health and safety of guests, employees and the community remain a key priority ▪ Preparatio
Slide 26: UK & Egypt Prospects and Focus
UK & LOOKING AHEAD EGYPT PROSPECTS AND FOCUS UK & Egypt ▪ Execute strategies to strengthen the resilience of the Group’s business and optimise efficiencies ▪ Place emphasis on driving business volume and revenue across all properties to capitalise on improving consumer sentiment 26
Slide 27: US & Bahamas Prospects and Focus
US & LOOKING AHEAD BAHAMAS PROSPECTS AND FOCUS US & Bahamas ▪ Strengthening Group’s market leading position in NY ▪ The new Hyatt Regency JFK Airport at Resorts World New York hotel will be a catalyst for growth ▪ Leverage synergies between RWNYC and RWC to develop and grow strong market presence ▪
Slide 28: Disclaimer
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 Malaysia Group
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