Delta Corp. Ltd. (india) · NSE:DELTACORP
Delta Corp. Ltd. (india) — Delta — Investor Presentation (February 2013)
31 slides from Delta Corp. Ltd. (india)'s investor presentation, February 2013
Slide 1: Management Presentation
Management Presentation
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements,” including those relating to general business plans and strategy of Delta, its future outlook and growth prospects, and future developments in its busin
Slide 3: Table of Contents
Table of Contents 1 Introduction 3 2 Key Highlights 7 3 Gaming and Hospitality 20 4 Appendix 26
Slide 4: 1. Introduction
1. Introduction
Slide 5: Delta Corp Limited Overview
Delta Corp Limited Overview ♦ Primary business is Gaming & Hospitality, with interests in real estate development ♦ The leading gaming company in India with 3 of 6 live gaming licenses in Goa and currently offering 700 gaming positions ♦ First mover advantage in India ♦ Opening the first integrated
Slide 6: Delta Corp has secured the Most Attractive Locations in India
Delta Corp has secured the Most Attractive Locations in India Delta has a unique advantage of being present in the most attractive locations for gaming China Pakistan Nepal Sikkim Gujarat Daman Mumbai Goa Colombo Sri Lanka
Slide 7: Corporate History
Corporate History 2011-12 2010-11 2008 10 2008-10 2007-08 2006-07 2006 07 ♦ Acquired 51% stakes in Daman Hospitality and 1990-91 Daman ♦ Acquired third off – Entertainment shore casino, Casino ♦ Demerged g Textile Prime ♦ Acquired q 76% stake business in Marvel Resorts in Goa ♦ Commenced ♦ Became In
Slide 8: 2. Key Highlights
2. Key Highlights
Slide 9: Key Highlights
Key Highlights 1 India represents one of highest potential growth gaming markets in the world Delta is the largest operator in the market, and the only operator that is a public company with 2 capital markets access 3 Delta has secured the most attractive locations in India – Goa and Daman 4 Delta i
Slide 10: Asia has become the Epicentre of the Gaming Industry
Asia has become the Epicentre of the Gaming Industry Major Global Gaming Centre Revenues Asia Gaming Revenue As % of Total Gaming Revenue (US$ bn) (US$ bn, %) $37.9 $33.0 39.1% 40.1% 37.1% 34.3% 29.5% $23.5 21.7% 19.7% $14.9 $13.6 16.5% 13 6% 13.6% $63 $10.4 12.6% $56 $8.2 $8.4 $49 $7.0 $6.1 $5.8 $5
Slide 11: India's Economy Is Expanding Rapidly
India’s Economy Is Expanding Rapidly 2nd Highest GDP Growth Rate in the World Per Capita Income(1) Growth to Remain Strong 2011E GDP Growth Rate (%) Per Capita Income Growth Rate (%) Forecasted FY’11E – FY’14E CAGR Historical FY’08– FY’11 CAGR Per Capita Income as of FY’11 (US$) $8,560 10.9% $3,810
Slide 12: India's Private Consumption Poised for Growth
India’s Private Consumption Poised for Growth Private Consumption to Grow ~7x in 15 Years Travel & Leisure Spending to Accelerate Nominal Private Consumption (US$ bn) 2009 – 2014E Consumer Spending Growth 14.9% 5,972 10 1% 10.1% 10.0% 10.0% 9.9% 9.4% 9.3% 8.4% 6.8x 883 2010 202 2025E Health & Travel
Slide 13: India has a Favourable Demographic Profile
India has a Favourable Demographic Profile India Has a Large Young Population Indian Economy Becoming More Affluent Population between age of 15 – 59 years (mn) % of population with annual income over INR 200,000 851 2 851.2 43% 806.4 743.4 21% 5% 2011 2016E 2021E 2005 2015E 2025E Young population b
Slide 14: India Gaming Market Has Untapped Potential
India Gaming Market Has Untapped Potential Lottery tickets – for the ‘mass’ Cricket betting – in Indian blood ! $1.5bn Industry wagered in valued at one World $12.5bn Cup match H Horse R Racing i – for f the th ‘upper ‘ crust’ t’ BUT A Casino BUT.. C i ? Annual Annual turnover turnover >$350m <$100m
Slide 15: Delta Owns 3 of 6 Live Gaming Licenses in Goa
Delta Owns 3 of 6 Live Gaming Licenses in Goa Delta is the market leader in Goa with 80% offshore market share, 3 gaming licenses and where no new licenses are expected to be issued ♦ Goa has issued 6 live offshore licenses (1), of which 3 are owned by Delta ♦ Goa, Daman/Diu, Sikkim are the only Ind
Slide 16: Delta has Secured The Most Attractive Locations in India - Goa
Delta has Secured The Most Attractive Locations in India - Goa Goa is widely expected to become the gaming capital of India Popular Tourist ♦ Famous for its beaches and long stretch of coastline (131 km) Destination ♦ Attracts 2 million tourists per year and ~12% of all foreign tourist arrivals in I
Slide 17: Delta has Secured The Most Attractive Locations in India - Goa
Delta has Secured The Most Attractive Locations in India - Goa Goa is located within a 3 hour flight from all of India and Sri Lanka ♦ Close proximity to major Indian cities, located just an hour flight from Mumbai, Bangalore, Chennai, 1.5 hours from Hyderabad and 2.5 hours from Delhi ♦ Well positio
Slide 18: Delta has Secured The Most Attractive Locations in India – Daman
Delta has Secured The Most Attractive Locations in India – Daman Daman is favourably positioned to become a leading gaming and leisure destination ♦ Located along the coast in the state of Gujarat, but governed by the same gambling act as that of Goa Optimal Location to Become New Gaming and ♦ Gamin
Slide 19: Delta has Secured The Most Attractive Locations in India - Daman
Delta has Secured The Most Attractive Locations in India - Daman Strategically located near Mumbai and Gujarat, Daman is positioned for rapid growth ♦ Daman is only a 2.5 hour drive from Mumbai and contiguous to the state of Gujarat, one of the most affluent city/states in India ♦ Well connected to
Slide 20: Sri Lanka Gaming Market Poised For Rapid Growth
Sri Lanka Gaming Market Poised For Rapid Growth Sri Lanka is well positioned to become a South Asia gaming hub ♦ With the end of the 25-year civil war in May of 2009, tourism in Sri Lanka has experienced rapid growth over the past 2 years with tourist arrivals increasing every month on a year-on-yea
Slide 21: 3. Gaming and Hospitality
3. Gaming and Hospitality
Slide 22: Delta Properties
Delta Properties Offshore Casino Year Opened Gaming Table Casino Ownership Location Slots Status / Acquired Positions Positions Casino Royale 2008 100% Goa 500 470 30 Operational Expected Opening Kings Casino 2011 100% Goa 1,500 1,250 250 Date: Q1 2013-14 Casino Caravela 2010 51% Goa 200 190 10 Oper
Slide 23: Casino Royale - Goa
Casino Royale - Goa Largest offshore gaming casino currently operational in Goa, India Overview ♦ Highstreet Cruises & Entertainment (100% Subsidiary of DCL) entity has casino license Casino Royale ♦ India’s largest g live offshore g gaming g casino with 4 operational p decks ♦ Covers an area of 31,
Slide 24: Kings Casino - Goa
Kings Casino - Goa Kings Casino on board M.V. Horseshoe will become the largest offshore casino in Goa Overview ♦ Victor Hotels and Motels (100% Subsidiary of HCEPL) has casino license ♦ Purchased vessel from Caesar’s in April 2011 and propose to replace Arabian Sea King which commenced operations i
Slide 25: Casino Caravela - Goa
Casino Caravela - Goa First live offshore casino in India, 51% owned by Delta Pleasure Cruise Company Pvt. Ltd. Overview ♦ Casino license held in Delta Pleasure Cruise Company Private Limited (DPCCPL) entity 51% owned by Delta ♦ India’s I di ’ first fi t offshore ff h lilive gaming i casino i Gaming
Slide 26: Thunderbird Resorts - Daman
Thunderbird Resorts - Daman Largest integrated resort complex to be built in Daman O Overview i ♦ Largest contiguous integrated resort in Daman ♦ Only foreseeable land based casino in Daman ♦ Spread over 10 acres ♦ Expected opening Mar 2013 Gaming Facilities ♦ 60,000 square feet of gaming space ♦ 1,
Slide 27: 4. Appendix
4. Appendix
Slide 28: Gaming Revenue & EBIT
Gaming Revenue & EBIT 50 Gaming & Hospitality 16 45 43.4 40 4 40.4 14 39.3 40 37.5 38.3 12 35 10 Revenue (Cr.) 30 27 6 27.6 27.3 27 8 27.8 EBIT (Cr.) 25 22.5 23.0 8 20 6 15 4 10 5 2 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2010‐11 2011‐12 2012‐13 Gaming Revenue EBIT Note: Casino Caravela was out of operati
Slide 29: Corporate Structure
Corporate Structure Delta Corp Limited 100% 100% 100% Delta Leisure and Delta Hospitality and Delta Real Estate Entertainment Pvt. Ltd. Leisure Pvt. Ltd. 100% 76% 51% 51% 87% 40% Daman Daman Hospitality Highstreet Cruises Delta Pleasure Cruise Real Estate Entertainment (Thunderbird &Entertainment Co
Slide 30: Shareholder Structure
Shareholder Structure Shareholding Structure as of December 31, 2012 Key Shareholders Clearing NRIs ♦ Delta’s D lt ’ promoters, t J d Mody Jaydev M d andd others, th h hold ld Members 0.7% 42.03% of the Company’s shares through a multitude of 0.3% investment vehicles – Jaydev Mody has over 26 years
Slide 31: Thank you
Thank you y 41