Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — CGS-CIMB 12th Annual Malaysia Corporate Day 2020

30 slides from Genting Malaysia Bhd's conference presentation, Jan 6, 2020

  1. Slide 1: CGS-CIMB 12th Annual Malaysia Corporate Day

    No. 58019-U CGS–CIMB 12th Annual Malaysia Corporate Day 6 January 2020

  2. Slide 2: Agenda

    AGENDA 1 GROUP OVERVIEW 2 FINANCIAL HIGHLIGHTS 3 MALAYSIAN OPERATIONS OVERSEAS OPERATIONS 4 - UK & EGYPT - US & BAHAMAS 5 LOOKING AHEAD 2

  3. Slide 3: Group Overview

    GROUP OVERVIEW MALAYSIA

  4. Slide 4: GENM Corporate Structure

    GROUP OVERVIEW GENM CORPORATE STRUCTURE * Malaysia US & Bahamas UK & Egypt 100% 100% 100% 100% 78% 100% 100% 49% * Genting Malaysia Berhad is a 49.5% owned subsidiary of Genting Berhad 4

  5. Slide 5: Key Properties

    GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting, Malaysia Resorts World Casino Resorts World Resorts World Resorts World Bimini, New York City, US Catskills, US Birmingham, UK Bahamas 5

  6. Slide 6: Key Properties

    GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting  A world-class integrated destination resort  ~21.3m visitors in 9M19  ~13,500 employees Genting UK  One of the largest gaming operators in the UK  ~3.0m visitors in 9M19  ~3,400 employees Resorts World Casino New York City  ~6.0m visit

  7. Slide 7: Financial Highlights

    FINANCIAL HIGHLIGHTS MALAYSIA

  8. Slide 8: Financial Highlights Overview 3Q19 & 9M19

    FINANCIAL HIGHLIGHTS OVERVIEW 3Q19 & 9M19 % % In RM’mil 3Q19 3Q18 9M19 9M18 Change Change Revenue 2,628 2,599 ↑1% 7,965 7,421 ↑7% Adjusted EBITDA 694 815 ↓15% 2,090 2,124 ↓2% Adjusted EBITDA 26% 31% 26% 29% Margin Net Profit 394 322 ↑22% 1,050 1,043 Flat (Excl. Mashpee impairment) Net Profit 394 (1,

  9. Slide 9: Revenue & Adjusted EBITDA by Geography

    REVENUE & ADJUSTED EBITDA OVERVIEW BY GEOGRAPHY – 3Q19 & 9M19 3Q19 Revenue Adjusted EBITDA US & US & Bahamas Bahamas 15% 15% UK & UK & Egypt Malaysia Malaysia Egypt 7% 78% 69% 16% 9M19 Revenue Adjusted EBITDA US & US & Bahamas Bahamas 15% 13% UK & UK & Egypt Malaysia Egypt Malaysia 16% 70% 7% 81% 9

  10. Slide 10: Capital Management: Dividend per Share

    CAPITAL MANAGEMENT OVERVIEW STRATEGY Dividend per Share 20 19.00* Net dividend per share (sen) 16.50 17.00 8.00 16 8.00 7.30 12 11.00 8 9.20 6.00 9.00 6.00 7.13 6.50 7.10 4 - FY13 FY14 FY15 FY16 FY17 FY18 9M18 9M19 *Include a special dividend of 8.0 sen (FY17: 8.0 sen) per share Dividend  FY18 tota

  11. Slide 11: Malaysian Operations

    3 MALAYSIAN OPERATIONS 11

  12. Slide 12: Malaysia Leisure & Hospitality Performance Review

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 3Q19 & 9M19 % % In RM’mil 3Q19 3Q18 9M19 9M18 Change Change Revenue 1,796.2 1,704.6 ↑5% 5,461.8 4,896.0 ↑12% Adjusted EBITDA 537.5 641.2 ↓16% 1,633.1 1,715.1 ↓5% Adjusted EBITDA 30% 38% 30% 35% Margin  Improvement in revenue largely aided by:- •

  13. Slide 13: Malaysia Revenue

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 3Q19 & 9M19 Revenue (RM’mil) 7,000 6,595 6,000 5,684 5,623 5,837 5,362 5,577 5,462 5,000 4,896 4,000 3,000 2,000 1,000 - FY13 FY14 FY15 FY16 FY17 FY18 9M18 9M19  Steady growth despite increasingly challenging operating environment 13

  14. Slide 14: Malaysia Adjusted EBITDA and Margin

    LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 3Q19 & 9M19 Adjusted EBITDA (RM’mil) / Margin (%) 3,000 40% 35% 35% 35% 35% 35% 35% 2,500 31% 30% 2,297 30% 1,972 1,931 1,942 2,000 1,860 1,806 1,715 1,633 1,500 20% 1,000 10% 500 - 0% FY13 FY14 FY15 FY16 FY17 FY18 9M18 9M19  Adjusted EBITDA marg

  15. Slide 15: RWG Key Statistics FY18 & 9M19

    LEISURE & HOSPITALITY MALAYSIA RWG KEY STATISTICS – FY18 & 9M19 One of Asia’s leading integrated resort destinations FY18 9M19 25.9m 21.3m VISITORS VISITORS (FY17: 23.6m) ↑10% (9M18: 19.2m) ↑11% 4.6m MEMBERS 4.9m MEMBERS (FY17 : 4.2mil) ↑9% (9M18 : 4.5mil) ↑9% 15

  16. Slide 16: RWG Hotel Performance FY18 & 9M19

    LEISURE & HOSPITALITY MALAYSIA RWG HOTEL PERFORMANCE – FY18 & 9M19 10,500 ROOMS across 7 hotels FY18 9M19 97% 95% OCCUPANCY OCCUPANCY (FY17: 95%) (9M18: 97%) RM106 AVRG ROOM RATE RM217 AVG ROOM RATE (FY17: RM92) ↑15% (9M18: RM105) ↑>100% 16

  17. Slide 17: US & Bahamas

    NEW YORK CITY US & : Bahamas CT (ewlel Caen BAHAMAS GENTING MALAYSIA 7

  18. Slide 18: Overseas Operations - United Kingdom & Egypt

    4 OVERSEAS OPERATIONS – UNITED KINGDOM & EGYPT 18

  19. Slide 19: UK & Egypt Performance Review

    UK & LEISURE & HOSPITALITY EGYPT PERFORMANCE REVIEW IN 3Q19 & 9M19 % % In £’mil 3Q19 3Q18 9M19 9M18 Change Change Revenue 80.7 94.6 ↓15% 238.0 250.9 ↓5% Adjusted EBITDA 16.5 11.2 ↑47% 32.6 22.3 ↑46% Adjusted EBITDA 20% 12% 14% 9% Margin  Revenue impacted by lower hold % in the premium players segme

  20. Slide 20: UK & Egypt Revenue

    UK & LEISURE & HOSPITALITY EGYPT PERFORMANCE REVIEW IN 3Q19 & 9M19 Revenue (£’mil) 400 342 330 323 315 323 320 251 227 238 240 160 80 - FY13 FY14 FY15 FY16 FY17 FY18 9M18 9M19  Revenue remained relatively stable amid subdued consumer sentiment 20

  21. Slide 21: Overseas Operations - US & Bahamas

    4 OVERSEAS OPERATIONS – US & BAHAMAS 21

  22. Slide 22: US & Bahamas Performance Review

    US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN 3Q19 & 9M19 % % In US$’mil 3Q19 3Q18 9M19 9M18 Change Change Revenue* RWNYC and RW Omni 79.5 78.3 ↑2% 248.3 240.7 ↑3% RW Bimini 5.9 7.4 ↓20% 18.0 20.5 ↓12% Total 85.4 85.7 Flat 266.3 261.2 ↑2% Adjusted EBITDA* RWNYC and RW Omni 19.2 26.3 ↓27%

  23. Slide 23: RWNYC Revenue

    US & RWNYC BAHAMAS PERFORMANCE REVIEW IN 3Q19 & 9M19 Revenue (US$’mil) 300 250 251 259 211 238 239 240 211 219 180 120 60 - FY13 FY14 FY15 FY16 FY17 FY18 9M18 9M19  Continues to lead the Northeast US region with 41.6%1 market share  ~6,300 machines in operation at the facility  Average WPU at US$

  24. Slide 24: US RWNYC Expansion

    US RWNYC EXPANSION  New attractions include a new 400-room hotel, additional gaming space and a variety of dining, entertainment and retail outlets  First phase opened in 3Q19; remaining facilities to be opened by 2H20 Artist Impression ……Transforming RWNYC into a premium integrated resort destina

  25. Slide 25: US Resorts World Catskills

    US RESORTS WORLD CATSKILLS  One of four commercial gaming-licensed casinos in the New York State  Features 150 live table games and ~1,600 VGMs, accommodation, F&B and other resort amenities Artist Impression …...Premium destination resort offering unparalleled entertainment 25

  26. Slide 26: Looking Ahead

    LOOKING AHEAD MALAYSIA

  27. Slide 27: Malaysia Prospects and Focus

    LOOKING AHEAD MALAYSIA PROSPECTS AND FOCUS Resorts World Genting  To focus on the timely completion of the outdoor theme park  Leverage quality assets to grow key business segments  Enhance cost and operational efficiencies  Intensify database marketing efforts, optimise yield management and imp

  28. Slide 28: UK & Egypt Prospects and Focus

    UK & LOOKING AHEAD EGYPT PROSPECTS AND FOCUS UK & Egypt  Streamline operations and improve overall operational efficiencies  VIP Markets – Manage business volatility  Mass Markets – Strengthen position  RW Birmingham – Grow visitation and business volume  Leverage Authentic Gaming’s expertise t

  29. Slide 29: US & Bahamas Prospects and Focus

    US & LOOKING AHEAD BAHAMAS PROSPECTS AND FOCUS US & Bahamas  RWNYC and RW Catskills – Focus on RWNYC’s ongoing expansion – Capitalise on synergies between RWNYC and RW Catskills to grow business volume and improve margins  RW Omni – Leverage the Hilton Miami Downtown  RW Bimini – Enhance infrastr

  30. Slide 30: Disclaimer

    Disclaimer Some of the statements made in this presentation which are not statements of historical facts are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of the Genting Malaysia Group

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