Genting Malaysia Bhd. · MYX:GENM
Genting Malaysia Bhd — Investor Presentation (January 2025)
21 slides from Genting Malaysia Bhd's investor presentation, January 2025
Slide 1: Corporate Presentation January 2025
Copyright © 2024 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. CORPORATE PRESENTATION January 2025 1
Slide 2: Agenda
AGENDA 01 GROUP OVERVIEW AND FINANCIAL HIGHLIGHTS 02 MALAYSIAN OPERATIONS OVERSEAS OPERATIONS 03 • UK & EGYPT • US & BAHAMAS 04 PROSPECTS & STRATEGIES 2
Slide 3: Group Overview & Financial Highlights
GROUP OVERVIEW & FINANCIAL HIGHLIGHTS 3
Slide 4: GENM Group Corporate Structure
GENM GROUP CORPORATE STRUCTURE 49.3% Malaysia US & Bahamas UK & Egypt 100% 100% 100% 100% 49% 100% 100% 49% 78% • Listed on the Malaysian stock exchange since 1989, GENM is a globally diversified casino and resort operator with a market capitalization1 of RM12.8bn (USD2.8bn) • Holds gaming licenses
Slide 5: GENM Global Leader in Leisure & Hospitality
GENM GLOBAL LEADER IN LEISURE & HOSPITALITY UK Genting Casinos Resorts World Birmingham • One of the largest gaming operators • First integrated leisure complex of its New York in the UK with over 30 casinos kind in the UK Miami Bahamas Egypt Resorts World Bimini Malaysia • Features a casino, Hilton
Slide 6: GENM Financial Highlights
GENM FINANCIAL HIGHLIGHTS In RM’mil 9M24 9M23 % Change Continued growth in business volumes Revenue 8,183 7,468 ↑10% worldwide Adjusted EBITDA* 2,730 1,788 ↑53% Group revenue and adj EBITDA Adjusted EBITDA exceeded pre-pandemic levels 33% 24% Margin Net Profit 648 143 ↑>100% Business agility is corn
Slide 7: GENM Capital Management Strategy
GENM CAPITAL MANAGEMENT STRATEGY Dividend per Share Interim/Final Dividend 25 Net dividend per share (sen) Special Dividend 20.00 20 9.00 14.50 15.00 15.00 15 8.5 10 9.00 11.00 6.00 6.00 5 6.0 0 FY19 FY20 FY21 FY22 FY23 9M23 9M24 FY23 Resorts World ▪ Newdividend yield: 5.6% # York City, US # Based o
Slide 8: GENM Sustainability Initiatives
GENM SUSTAINABILITY INITIATIVES SUSTAINABILITY IS AT THE FOREFRONT OF GENM’S OPERATIONS FTSE4GOOD INDEX SERIES ▪ A constituent of the FTSE4Good Index Series since June 2018 Responsible Gaming Key Employment Sustainable and Active Biodiversity and Accredited Contributor Responsible Procurement Conser
Slide 9: Malaysian Operations
MALAYSIAN OPERATIONS 9
Slide 10: Malaysia Leisure & Hospitality Performance Review in 3Q24 & 9M24
LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 3Q24 & 9M24 In RM’mil 3Q24 3Q23 % Change 9M24 9M23 % Change Revenue 1,681 1,681 NM 5,045 4,617 ↑9% Adjusted EBITDA 493 564 ↓13% 1,602 1,533 ↑5% Adjusted EBITDA Margin 29% 34% 32% 33% ▪ Group’s performance mainly driven by higher business volume at
Slide 11: RWG Key Statistics – 9M24
MALAYSIA LEISURE & HOSPITALITY RWG KEY STATISTICS – 9M24 One of Asia’s leading integrated resort destinations with ~10,500 rooms 6.2m 21m 74% MEMBERS VISITORS DAY-TRIPPERS (9M23: 5.9m) (9M23: 18m) (9M23: 71%) 2.7m 99% RM233 ROOM NIGHTS OCCUPANCY AVG ROOM RATE 9M23: 2.6m) SOLD (9M23: 97%) (9M23: RM22
Slide 12: Overseas Operations: UK & Egypt
OVERSEAS OPERATIONS UK & EGYPT 12
Slide 13: UK & Egypt Leisure & Hospitality Performance Review in 3Q24 & 9M24
UK & EGYPT LEISURE & HOSPITALITY PERFORMANCE REVIEW IN 3Q24 & 9M24 % In £’mil 3Q24 3Q23 % Change 9M24 9M23 Change Revenue 92.4 85.2 ↑8% 244.7 220.3 ↑11% Adjusted EBITDA 17.8 17.2 ↑3% 41.0 35.8 ↑15% Adjusted EBITDA Margin 19% 20% 17% 16% ▪ UK performance remained resilient and profitable with higher
Slide 14: Overseas Operations: US & Bahamas
OVERSEAS OPERATIONS US & BAHAMAS 14
Slide 15: US & Bahamas Leisure & Hospitality Performance Review in 3Q24 & 9M24
US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN 3Q24 & 9M24 In US$’mil 3Q24 3Q23 % Change 9M24 9M23 % Change Revenue RWNYC 86.8 84.2 ↑3% 260.9 251.3 ↑4% RW Omni and RW Bimini 19.2 18.0 ↑7% 66.3 61.0 ↑9% Total 106.0 102.2 ↑4% 327.2 312.3 ↑5% Adjusted EBITDA RWNYC 32.0 32.8 ↓2% 99.4 96.2 ↑3%
Slide 16: US Empire Resorts, Inc. Performance Review in 3Q24 & 9M24
US EMPIRE RESORTS, INC. PERFORMANCE REVIEW IN 3Q24 & 9M24 % % In US$’mil 3Q24 3Q23 9M24 9M23 Change Change Revenue 76.7 79.3 ↓3% 214.6 212.1 ↑1% Adjusted EBITDA 12.2 17.3 ↓29% 21.1 23.6 ↓11% Adjusted EBITDA Margin 16% 22% 10% 11% ▪ GENM invested in Empire November 2019 ▪ Empire’s 9M24 financial perf
Slide 17: Expanding Presence in the US
US EXPANDING PRESENCE IN THE US Resorts World Catskills (Tables, Slots & Sports) New York downstate casino licence RFA in progress Resorts World Hudson Valley (VGMs only) New York City is one of the last major untapped casino markets in US Downstate New York market Resorts World NYC worth c.USD5 bil
Slide 18: Prospects & Strategies
PROSPECTS & STRATEGIES 18
Slide 19: Group Looking Ahead: Operations Prospects and Strategies
GROUP LOOKING AHEAD OPERATIONS PROSPECTS AND STRATEGIES 1 Continued Focus on Core Markets and Developing Database 2 Committed to Driving Operational Efficiencies and Improving Yields 3 Expansion Opportunities – US and Asia 19
Slide 20: Group Looking Ahead: Operations Prospects and Strategies
GROUP LOOKING AHEAD OPERATIONS PROSPECTS AND STRATEGIES Committed to Driving 1 Continued Focus on 2 3 Expansion Opportunities Existing Markets and Operational Efficiencies and – US and Asia Developing Database Improving Yields • Reinforcing our market position by • Effective cost management to • Foc
Slide 21: 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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