Delta Corp. Ltd. (india) · NSE:DELTACORP
Delta Corp. Ltd. (india) — Delta — Investor Presentation (February 2011)
36 slides from Delta Corp. Ltd. (india)'s investor presentation, February 2011
Slide 1: Investor Presentation
GAMING Hospitality REAL ESTATE I Investor t Presentation P t ti 1
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,” statements ” including those relating to general business plans and strategy of Delta Corp Limited its future outlook and growth prospects, Limited, pr
Slide 3: Contents
Contents C p y SSnapshot Company ph t Industry Overview Business Analysis Fi Financial i lPPerformance f Annexure 3
Slide 4: Company Snapshot
L Company Snapshot “J DELTA CORP LIMITED
Slide 5: Corporate History
Corporate History Acquired A i d thithird d off ff shore h C Casino i ii.e. C Caravela l 2010 11 2010‐11 Became India’s Largest Gaming company Raised INR 2,855 , Mn.. through g Private placement p Demerged Textile business 2008 10 2008‐10 Started operating Two offshore Casinos Acquired A
Slide 6: Delta Corp Limited
Delta Corp Limited Delta Corp Limited (Delta Corp) is primarily engaged in two main lines of business Gaming G i g and d Hospitality H pi li y Real R l Estate E t t in i East E t Africa, Af i Nairobi N i bi Advantage of being an early entrant in both the businesses Listed i d on the h Nati
Slide 7: Unique Business Model
Unique Business Model • Three h Live i offshore ff h casinos i i Goa in G Ga Gamingg& • One onshore h (l (land dbbased) d) casino in Goa E t t i Entertainment t • In – principle license to setup casino in Daman Real Estate • East E Af Africa i : JV with i hRReliance li I d Industries i LiLimited i d
Slide 8: Corporate Structure
Corporate Structure Delta Corp Limited 100% 100% 100% Delta Cruises and Delta Hospitality p y and Delta l Reall Estate Entertainment Pvt. Ltd. Leisure Pvt. Ltd. 100% 100% 50% 51% 35% 40% 0% Highstreet Victor Highstreet Advani Advani Cruises & Hotels Riviera Pleasure Hotels and Real Estate Entertainm
Slide 9: Shareholding
Shareholding NRIs 0.55% Individual d d l shareholders 33.34% Promoters 44.18% ICICI Ventures 7 21% 7.21% Other Bodies Corporate Institutions 13 79% 13.79% 0 93% 0.93% As on 31st Dec 2010 9
Slide 10: Industry Overview
v4 Industry Overview “J DELTA CORP LIMITED 10
Slide 11: Gaming in India
Gaming in India L tt Lottery tickets ti k t – for f the th ‘mass’ ‘ ’ Cricket i k b betting i g – in i Indian di blood bl d ! Industry $ b $1.5bn valued at wagered in one World W ld $12 5bn $12.5bn Cup p match H Horse R Racing i – for f ththe ‘‘upper crust’ t’ BUT.. U .. A Casino Cas o ? Annual Annu
Slide 12: Robust Gaming Growth
Robust Gaming Growth Delta Corp is the leading Indian gaming operator looking to tap the enormous potential of the Indian market Indians already have a high proclivity towards gambling Rising income levels and favorable demographics India has a veryy yyoung gppopulation p with a median age g
Slide 13: Goa – The beach capital of India
Goa – The beach capital of India Goa is famous for its beaches and has a long stretch of coastline of about 1 131km Goa attracts two million tourists in a year and around 12% of all foreign tourist arrivals in India The annual expenditure made by the tourists in Goa has been estimated as INR 1
Slide 14: Opportunities in Gaming
Opportunities in Gaming S i Lanka Sri L k and dDDaman ‐ Could C ld add dd tremendous t d value l FDI approval in APCCPL New Horseshoe boat – a potential game changer C Competitive titi advantage d t ‐ Three Th off ff shore h casino i First mover advantage 14
Slide 15: Business Analysis
Business Analysis y Gaming & Entertainment Hospitality Real Estate 15
Slide 16: Delta's Strength
Delta’s Delta s Strength I di ’ largest India’s l t gaming i company State of the art gaming facilities and infrastructure Robust financial track record St Strong B Balance l Sheet Sh t Well funded – Enabling Delta to capitalize on new opportunities Backed byy visionaryy p promoters and focused mana
Slide 17: Gaming & Entertainment
= } DELTA core umiren Gaming & Entertainment
Slide 18: Gaming Business
Gaming Business Goa and Sikkim are the only Indian state issuing live gaming casino licenses. licenses Goa issued 66* licenses in 2008 of which 2 are owned by Delta. The list of licenses in Goa is provided below: Name of Casino Owner Operational Casino Royale Highstreet Cruises & Entertainment (10
Slide 19: Casino Royale
Casino Royale India India’ss largest live offshore gaming casino with 4 operational decks, covering an area of 31,900 sq ft Offering 480 live gaming positions, live kitchen of 6,000 sq ft managed d by b China Chi Garden G d and d other th entertainment t t i t areas like amphitheater with live m
Slide 20: Kings Casino
Kings Casino The Kings Casino which was housed in the vessel MV Arabian Sea King has shut operations and will be replaced by a vessel purchased from Horseshoe (Harrah’s gaming) Horseshoe H h vessell isi expected t d to t have h 1 500 gaming 1,500 i positions iti with 155 tables and 250 slot mach
Slide 21: Caravela
Caravela Delta Corp owns 51% in Advani Pleasure Cruise Company Pvt. Ltd. (APCCPL) which in turn owns the Caravela casino; India’s first offshore live gaming casino APCCPL is i currently tl the th only l gaming i entity tit in i India I di which hi h has h 49% FDI approval Caravela Caravela off
Slide 22: Casino Royale Riviera
Casino Royale Riviera Land based casino located in Riviera de Goa Resort Riviera de Goa is a 5 star hotel property located at Ximer, Arpora (North Goa) offering 98 rooms, 6 suites and apartments t t for f guestst Riviera de Goa Highstreet Hi h t t through th h a casino i managementt agreementt
Slide 23: Future Expansion Plan
Future Expansion Plan Daman In – principle license to setup casino in Daman Delta Corp is expected to be an early entrant in Daman Sri Lanka Sri S i Lankan L k parliament li l li d casino legalized i gambling bli early l November N b 2010 Delta l Corp p is i in i advance d stage g to secure
Slide 24: Hospitality: Synergistic to gaming
Hospitality: Synergistic to gaming Delta is set to capitalised on Hospitality and Gaming synergies y gi Delta Corp has 35% stake in Advani Hotels & Resorts (India) Ltd Owns and Manages 5 5‐star star deluxe luxury beach resort located on Varca beach Goa, Goa 'The The Ramada Caravela Beach Resor
Slide 25: Real Estate in Kenya, Nairobi
R l Estate Real E t t in i Kenya, K Nairobi N i bi 25
Slide 26: Real Estate
Real Estate Kenya y With GDP of $39 Bn (nom), (nom) Kenya is the 5th largest African economy Kenya Kenya’ss population is 40 Mn and growth rate is 2.6% 2 6% Expanding middleclass population of 2 Mn, Mn creates strong demand for goods and services 90% off Adults Ad lt are literate lit t andd
Slide 27: Real Estate in Nairobi
Real Estate in Nairobi Entered into a 40:60 40 60 JV with a wholly‐owned wholly owned subsidiary of Reliance Industries Limited to develop real estate in East Africa The JV has already invested Rs. Rs 2.0bn; 2 0bn; acquired 9 plots of land in prime locations of Nairobi Approximately 2Mn. sq. f
Slide 28: Projects in Nairobi
Projects in Nairobi Project Delta Corner Delta Center Delta River Side Delta Plains Artistic A i i Impressi on/Actu / al Photos Location Westlands Upper Hill Westlands Athi River Project j C Commercial i l C Commercial i l C Commercial i l R id ti l Residential plan Land 2 2 acres 2.2 0 89 acres 0.8
Slide 29: Financial Performance
a Financial Performance “J DELTA CORP LIMITED 29
Slide 30: Strong Financial Performance
Strong Financial Performance Ni Months Nine M th Ended E d d Ni Months Nine M th Ended E d d Y Ended Year E d d P ti l (INR in Particulars i Mn.) M ) st st 31 Dec 10 31 Dec 09 31st March 2010 Total Sales 3 394 89 3,394.89 960 42 960.42 1 332 84 1,332.84 Expenditure 11,519.67 519 67 592.32 592 32 865
Slide 31: Annexure
Annexure Management Team Gaming Revenue Recent News 31
Slide 32: Management Team
Management Team Jaydev y has over 25 yyears of experience p in the field of real estate development and textiles Jaydev yd Mody dy He has been responsible for developing de eloping several se eral residential complexes, comple es Chairman Delta Corp Ltd. Ltd office complexes p and retail destina
Slide 33: Management Team
Management Team Narinder has over 30 of experience p in hospitality, p y entertainment and gaming Narinder Punjj Narinder’s previous employment includes hotels, hotels land based and cruise Managing Director, Director based casinos namelyy Hotel Holidayy Inn ‐ Juhu,, Hotel Al Mansour Melai ‐ Hi
Slide 34: Gaming Revenue
Gaming Revenue Started ‘Caravela’ QuarterlyGaming yggamingRevenue g revenues(Rs ( mn)) operations 300 276 Stopped Kings casino i operations i 250 230 225 200 178 174 NR in Mn. 164 143 150 IN 100 50 0 Q1‐FY10 Q2‐FY10 Q3‐FY10 Q4‐FY10 Q1‐FY11 Q2‐FY11 Q3‐FY11 Period 34
Slide 35: Recent News
Recent News Gamingg revenue to grow g at 25‐30% ahead: Delta Corp p Delta Corp has been one of the better performing stocks in 2010. 2010 It gained 135% in 2010. 2010 In an interview with CNBC TV18 Hardik Dhebar, CNBC‐TV18, Dhebar the group CFO, CFO Delta Corp, Corp spoke about the latest happenings
Slide 36: Thank you
Thank you