Millennium & Copthorne Hotels New Zealand Limited · NZX:MCK
Millennium & Copthorne Hotels New Zealand — Millennium & Copthorne Hotels — FY2016 Earnings Presentation
9 slides from Millennium & Copthorne Hotels New Zealand's earnings presentation, Feb 17, 2017
Slide 1: Welcome to Our World of Hospitality
WELCOME TO OUR WORLD OF HOSPITALITY MILLENNIUM & COPTHORNE HOTELS PLC RESULTS PRESENTATION 17 FEBRUARY 2017 Millennium Broadway Hotel NY – Hudson Theatre
Slide 2: 2016 Highlights
2016 HIGHLIGHTS £m % 2016 2015 Change Revenue 926 847 9.3% - at constant rates 926 926 0.0% Profit before tax 108 109 (0.9)% Net Assets 3,170 2,712 16.9% Basic EPS 24.0p 19.9p 20.6% Ordinary dividend per share 7.74p 6.42p 20.6%
Slide 3: 2016 Highlights: RevPAR Key Gateway Cities
2016 HIGHLIGHTS FY FY % RevPAR – key gateway cities 2016 2015 Change £ £ New York 145.64 161.57 (9.9%) New York LFL 160.13 169.74 (5.7)% London 107.18 108.68 (1.4)% London LFL 107.54 112.52 (4.4)% Singapore 80.21 89.26 (10.1)%
Slide 4: Financial Review
FINANCIAL REVIEW Kok-Kee Chong, Chief Financial Officer M Social Hotel Singapore
Slide 5: Total Revenue
TOTAL REVENUE REVENUE GROWTH OF 9.3% £m REVENUE 2015 TO 2016 930 79 910 890 870 850 16 3 926 830 810 (19) 847 790 770 750 Revenue Hotel REIT Property Forex Revenue 2015 impact 2016 • Reported revenue is up £79m or 9.3%. • REIT revenues are up £3m including contribution from the newly acquired Cambri
Slide 6: Hotel Revenue
HOTEL REVENUE HOTEL REVENUE GROWTH OF 6.4% £m Hotel Revenue 2015 to 2016 820 800 68 780 3 760 (2) 814 740 765 (20) 720 700 Hotel revenue 2015 Acquisitions Net room Underlying Forex Hotel revenue openings impact 2016 • Acquisitions - Full period’s trading in 2016 for 2015 hotel • Underlying revenues
Slide 7: Operating Profit and Profit Before Tax
OPERATING PROFIT AND PROFIT BEFORE TAX OPERATING PROFIT DOWN 4.5% £m Operating Profit 2015 to 2016 120 15 100 10 2 80 (5) (1) 60 112 (26) 107 40 20 Op Profit Hotels Property Central costs Other Inc/(Exp) Reval/ Forex Impact Op Profit 2015 Impairment 2016 • Operating Profit is down 4.5% from 2015, th
Slide 8: Regional RevPAR Trends
REGIONAL REVPAR TRENDS GROUP REVPAR DOWN 2.3% AT CONSTANT RATES New York: RevPAR fell due to Singapore: RevPAR down due to increased inventory in NY and reduced consumer spending and £ impact of refurbishment. Excluding lower corporate demand. ONE UN refurbishment RevPAR fell Increased new room supp
Slide 9: Thank You
THANK YOU ONE UN New York This presentation contains certain statements that are or may be forward-looking with respect to the financial condition, results or operations and business of Millennium & Copthorne Hotels plc. By their nature forward-looking statements involve risk and uncertainty because
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