Paradise Entertainment Limited · HKEX:1180
Paradise Entertainment — H1 2022 Earnings Presentation
17 slides from Paradise Entertainment's earnings presentation, Aug 25, 2022
Slide 1: Paradise Entertainment Limited 2022 Interim Results
1 Paradise Entertainment Limited (Incorporated in Bermuda with limited liability) 1180.HK 2022 Interim Results 25 August 2022 11
Slide 2: Business Update
Business Update For the six months ended 30 June 2022 2
Slide 3: Business Update – 1H 2022
BUSINESS UPDATE – 1H 2022 1) The protracted Covid-19 pandemic has ravaged the globe, whose sporadic resurgences via various new variants have crippled the world economy. Gaming industry, in which the Group is engaged, relies heavily on international travelling and close human contact, and is expecte
Slide 4: Business Update – 1H 2022 (continued)
BUSINESS UPDATE – 1H 2022 (continued) 3) The Group’s sale of slot machines in overseas markets boosted in 1H 2022 (mostly switched from leasing to purchasing by end customers). We shall keep alert on the ever-changing market situations and revise our strategies in good time where necessary, 4) Our f
Slide 5: Gaming Tables and Machines in Operation
Casino Management Services GAMING TABLES AND MACHINES IN OPERATION (Average number of units) 1H 2022 1H 2021 Traditional gaming tables 37 39 LMG gaming tables/machines 9/495* 10/481* (managed by the Group since Aug 2008) Total gaming tables 46 49 Slot machines 102* 80* *Due to the pandemic with safe
Slide 6: Deployment of Gaming Machines
Electronic Gaming Equipment & Systems DEPLOYMENT OF GAMING MACHINES 1H 2022 1H 2021 Major deployment during the period (Number of machines) (Number of machines) LMG machines in Macau: - provision of upgrading services (for the period) 84 1,228 Slot machines overseas: - sale (for the period) 498 12 6
Slide 7: Financial Update
Financial Update For the six months ended 30 June 2022 7
Slide 8: Financial Highlights – 1H 2022
FINANCIAL HIGHLIGHTS – 1H 2022 GGR Adjusted EBITDA Casino Kam Pek Paradise 64.4 HK$ 283.1 (1H 2021: HK$416.9m) m loss of HK$ m (1H 2021: profit of HK$5.1m) Reported Revenue Net loss HK$ 181.1 m (1H 2021: HK$257.9m) HK$ 96.7 m (1H 2021: net loss of HK$21.5m) 8
Slide 9: Group Revenue & Adjusted EBITDA
GROUP REVENUE & ADJUSTED EBITDA Group Adjusted EBITDA by Properties/Nature Reported Revenue by Segments HK$ million 1H 2022 1H 2021 HK$ million Casino under the Group’s management: 257.9 300.0 • Casino Kam Pek Paradise (23.3) 39.1 250.0 30.2 Subtotal (23.3) 39.1 181.1 200.0 27.1 Electronic gaming eq
Slide 10: Casino Under Management Performance Highlights
CASINO UNDER MANAGEMENT PERFORMANCE HIGHLIGHTS 1H 2022 1H 2021 GGR HK$283.1m (-32.1%) HK$416.9m - Traditional Tables HK$119.6m (-36.5%) HK$188.4m - LMG HK$148.9m [-30.6%] HK$214.6m - Slot Machines HK$14.6m [+5.0%] HK$13.9m GGR Contribution - Traditional Tables 42.2% 45.2% - LMG 52.6% 51.5% - Slot Ma
Slide 11: KPIs for Casino Under Management
KPIs FOR CASINO UNDER MANAGEMENT 1H 2022 1H 2021 HK$ HK$ Total GGR for the period 283.1 million 416.9 million Traditional Gaming Tables GGR per table/day 17,900 26,700 LMG Gaming Tables GGR per table/day 91,400 118,600 GGR per terminal/day 1,662 2,465 Blended Table GGR per table/day 32,200 45,400 11
Slide 12: Changes in GGR: Casino Kam Pek Paradise vs Macau Market
CHANGES IN GGR: CASINO KAM PEK PARADISE VS MACAU MARKET Percentage of GGR to 1H 2019 YoY change in GGR (pre-Covid-19) GGR Casino Kam Pek Paradise vs Macau Casino Kam Pek Paradise vs Macau 80.00% 58.90% 60.00% 45.40% 1H2021 40.00% 20.00% 0.00% 1H2022 1H2022 1H2021 -20.00% 0.00% -40.00% -32.10% 10.00%
Slide 13: Electronic Gaming Equipment & Systems Performance Highlights
ELECTRONIC GAMING EQUIPMENT & SYSTEMS PERFORMANCE HIGHLIGHTS 1H 2022 1H 2021 Macau Overseas Total Macau Overseas Total Reported Revenue 4.8m HK$22.3m HK$ HK$ 27.1m HK$ 25.7m HK$ 4.5m HK$ 30.2m HK$ (22.0)m HK$ (27.9)m R&D and Other Costs incurred (30.4) m HK$ HK$ (14.3) m Adjusted EBITDA (loss) 13
Slide 14: Expected Increase in Demand of Gaming Machines
EXPECTED INCREASE IN DEMAND OF GAMING MACHINES Increase in mass GGR and decrease in VIP GGR Operating cost of traditional gaming tables keep Increase in GGR of gaming machines as a In recent years, Macau government has put much effort to promote increasing percentage of Macau's total GGR the develop
Slide 15: GGR of Gaming Machines vs Gaming Tables
GGR OF GAMING MACHINES VS GAMING TABLES North American markets (now) Macau markets (now) Machines 77 Machines 7 Tables 23 Tables 93 Source: DICJ Gaming Statistics 2021 Source: American Gaming Association Statistics 2021 Macau and other South-east Asian markets (future) Machines Tables Huge potential
Slide 16: Contacts Information
Contacts Information To follow us on WeChat, Hong Kong Office Unit C, 19F, Entertainment Building, 30 Queen’s Road Central, Hong Kong SAR Tel: (852 ) 2620 5303 Macau Office Suite 1207, 12F, Macau Landmark, No. 555 Avenida da Amizade, Macau SAR Corporate Strategy & Investor Relations Tel: (853) 2878
Slide 17: Disclaimer
Disclaimer This document has been prepared by Paradise Entertainment Limited (abbreviated as “Paradise” or the “Company”) for the sole purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any bas
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