Boyd Gaming Corporation · NYSE:BYD
Boyd Gaming — Merger or Acquisition (December 2017)
10 slides from Boyd Gaming's merger presentation, Dec 22, 2017
Slide 1: Boyd Gaming Acquisition of Valley Forge Casino Resort
Boyd Gaming Acquisition of Valley Forge Casino Resort December 20, 2017 Exhibit 99.1
Slide 2: Transaction Overview
Transaction Overview Valley Forge Overview 40,000 square foot casino with 600 slot machines, 50 table games, and nearly 500 hotel rooms, as well as over 100,000 square feet of meeting, convention and exhibit space Located in King of Prussia, PA, 20 miles west of downtown Philadelphia Pennsylvania is
Slide 3: Pro Forma National Footprint
Downtown Las Vegas California Hotel and Casino Fremont Hotel and Casino Main Street Station Casino Pro Forma National Footprint Las Vegas Locals Segment Aliante Casino Hotel and Spa Cannery Casino Hotel Eastside Cannery Casino & Hotel Gold Coast Hotel and Casino The Orleans Hotel and Casino Sam’s To
Slide 4: Improves Boyd Gaming's Scale and Competitive Position
Improves Boyd Gaming’s Scale and Competitive Position PRO FORMA LTM 9/30/2017 ADJ. EBITDA VERSUS PUBLIC COMPARABLES ($MM) These transactions further separate Boyd from regional competitors 3 Note: Please refer to Boyd Gaming Corporation’s SEC filings Form 10-K for the year ended December 31, 2016 an
Slide 5: Improves Free Cash Flow Profile
PRO FORMA FREE CASH FLOW GENERATION ($MM) Improves Free Cash Flow Profile Note: Please refer to Boyd Gaming Corporation’s SEC filings Form 10-K for the year ended December 31, 2016 and Form 10-Q for the nine months ended September 30, 2017 for reconciliations of non-GAAP measures to GAAP. Source: SE
Slide 6: Valley Forge Casino Property Overview
Located on the “Main Line” in King of Prussia, PA, 20 miles west of downtown Philadelphia and two miles from King of Prussia Mall, the largest mall in America Opened in March 2012 at a cost of approximately $130 million First casino to be granted a Category III license by the Pennsylvania Gaming Con
Slide 7: Valley Forge Operational Summary
Valley Forge Operational Summary 6 VALLEY FORGE SLOT GGR ($MM) VALLEY FORGE FAIR SHARE VALLEY FORGE MARKET SHARE (BY GGR) SLOT MACHINES WIN PER UNIT PER DAY LTM 10/31/2017 Source: Pennsylvania Gaming Control Board Based on total Philadelphia market Represents market share divided by position share R
Slide 8: Market Overview – Philadelphia
Market Overview – Philadelphia 7 The pace of employment growth in the Philadelphia area has been accelerating. During the past 12 months, the number of jobs increased 1.9 percent, marking seven consecutive years of positive growth. During the past year, Philadelphia employment expanded faster than t
Slide 9: Forward Looking Statements
Forward Looking Statements 8 Important information regarding forward-looking statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statemen
Slide 10: Disclosures
Disclosures 9 Important disclosures regarding information contained within this document We obtained the industry, market and competitive position data throughout this presentation from (i) our own internal estimates and research of third party company websites and other sources, (ii) industry and g