Full House Resorts, Inc. · NASDAQ:FLL
Full House Resorts — Q4 2019 Earnings Presentation
20 slides from Full House Resorts's earnings presentation, March 2020
Slide 1: Investor Update March 2020
JH ie eee Ry Sek? Investor Update March 2020
Slide 2: Forward-looking Statements & Regulation G
Forward-looking Statements & Regulation G 2 This presentation contains statements by Full House and its officers that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither
Slide 3: Coronavirus Update
Coronavirus Update 3 ● To date, no discernible business impact from either the virus or the stock market ● To date, no known cases at any of the Company’s properties ● Recently implemented additional cleaning and disinfection procedures ● Began testing yesterday employee temperatures with infrared m
Slide 4: Sports Wagering Update: Indiana
Sports Wagering Update: Indiana 4 ● On-site sportsbook at Rising Star launched in November 2019 ● One of the Company’s three permitted “skins” in Indiana began online operations on December 30, 2019 ● When all three of the Company’s permitted ”skins” are operational in Indiana, Full House will recei
Slide 5: Sports Wagering Update: Colorado
Sports Wagering Update: Colorado 5 ● Colorado voters ratified sports wagering in the November 2019 election ● The Company continues to expect on-site sports wagering to launch in Colorado in May 2020, followed soon thereafter by mobile sports wagering ● Similar to Indiana, the Company is permitted t
Slide 6: Silver Slipper: 4Q19
Silver Slipper: 4Q19 6 • Table games hold adversely affected 4Q19 • Full-year results were best in property’s 13-year history
Slide 7: Silver Slipper: 4Q19
Silver Slipper: 4Q19 7 • Table games hold adversely affected 4Q19 • Full-year results were best in property’s 13-year history
Slide 8: Rising Star: 4Q19
Rising Star: 4Q19 8 • Reflects temporary increase in marketing, installation of a new slot system, and new competition
Slide 9: Rising Star: 4Q19
Rising Star: 4Q19 9 • Reflects temporary increase in marketing, installation of a new slot system, and new competition
Slide 10: Bronco Billy's: 4Q19
Bronco Billy’s: 4Q19 10 • Significant snowfall on key weekends, new slot system installation, and additional costs to operate the Christmas Casino affected results
Slide 11: Bronco Billy's: 4Q19
Bronco Billy’s: 4Q19 11 • Significant snowfall on key weekends, new slot system installation, and additional costs to operate the Christmas Casino affected results
Slide 12: Northern Nevada: 4Q19
Northern Nevada: 4Q19 12 • Temporary decline in visitation at Naval air base near Stockman’s
Slide 13: Northern Nevada: 4Q19
Northern Nevada: 4Q19 13 • Temporary decline in visitation at Naval air base near Stockman’s
Slide 14: Casino Proposal: American Place in Waukegan, Illinois
Casino Proposal: American Place in Waukegan, Illinois 14 ● Development proposal includes a world-class casino, 20-villa ”mansion,” 1500-seat live entertainment venue, and gourmet restaurant ● Proposed temporary casino would create jobs and tax revenues during the construction process ● Three proposa
Slide 15: Balance Sheet
Balance Sheet 15 ● Total outstanding debt at year-end was $107.9 million ● The Company had $29.9 million of cash and equivalents at year-end ○ Total cash balances are approximately 28% of total debt
Slide 16: GAAP Reconciliation
GAAP Reconciliation 16 Reconciliation of Operating Income (Loss) to Adjusted Property EBITDA and Adjusted EBITDA (In Thousands, Unaudited)
Slide 17: GAAP Reconciliation
GAAP Reconciliation 17 Reconciliation of Operating Income (Loss) to Adjusted Property EBITDA and Adjusted EBITDA (In Thousands, Unaudited)
Slide 18: GAAP Reconciliation
GAAP Reconciliation 18 Reconciliation of Operating Income (Loss) to Adjusted Property EBITDA and Adjusted EBITDA (In Thousands, Unaudited)
Slide 19: GAAP Reconciliation
GAAP Reconciliation 19 Reconciliation of Operating Income (Loss) to Adjusted Property EBITDA and Adjusted EBITDA (In Thousands, Unaudited)
Slide 20: GAAP Reconciliation
GAAP Reconciliation 20 Reconciliation of Net Income (Loss) and Operating Income (Loss) to Adjusted EBITDA