Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — Merger or Acquisition (February 2022)
9 slides from Century Casinos's merger presentation, Feb 23, 2022
Slide 1: Nugget Casino Resort and Reno-Sparks Supplement
Nugget Casino Resort and Reno-sparks Supplement February 2022 CENTURY CASINOS
Slide 2: Disclaimer
Disclaimer CENTURY CASINOS This presentation contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-lo
Slide 3: Executive Summary
Executive Summary CENTURY CASINOS Century Casinos, Inc. (“Century” or the “Company”) has entered into a definitive agreement with Marnell Gaming, LLC to acquire 100% of Nugget Sparks, LLC (“OpCo”) or Nugget Casino Resort (“Nugget”) and 50% of Smooth Bourbon, LLC (“PropCo”) for $195 million Represent
Slide 4: Nugget Casino Resort Property Overview
Nugget Casino Resort Property Overview CENTURY CASINOS Key Highlights The newly remodeled Nugget Casino is conveniently located on route I-80 with easy access from the airport The full-service resort boasts a large gaming floor, two hotel towers, a convention space, outdoor amphitheater, and a wide
Slide 5: Strategic Rationale and Investment Highlights
Strategic Rationale and Investment Highlights CENTURY CASINOS Expand Century’s U.S. Footprint and Enter Fast Growing Reno Market Offers Century an entry into the state of Nevada and a high-profile, top 15 U.S. gaming market 1 that has a revitalized and growing economic base Ideally positioned to ben
Slide 6: Reno-Sparks Developments Driving Significant Untapped Potential in the Current Market
Reno-Sparks Developments Driving Significant Untapped Potential in the Current Market CENTURY CASINOS Area Highlights Reno-Sparks is famous for its casinos, but is also known as a destination for outdoor recreation with proximity to Lake Tahoe and several ski resorts In 2021, 53% of revenue was gene
Slide 7: Reno-Sparks Economy Poised for Continued Growth
Reno-Sparks Economy Poised for Continued Growth CENTURY CASINOS The Nugget Vs. Reno-Sparks Casino Average Revenue ($mm) Casino Revenue +34% $25 $33 Rooms Revenue +72% $10 $18 Food Revenue 0% $8 $8 Other Revenue (37)% $10 $6 Total Revenue +23% $53 $64 2020A Reno-Sparks Casino Average 2020A Nugget Ren
Slide 8: Robust Historical Financial Performance
Robust Historical Financial Performance $ in millions CENTURY CASINOS Key Highlights Stable topline performance Strong recovery out of the Covid-19 pandemic with meaningful margin expansion Significant growth and maintenance capex with $90mm+ being spent from 2016 to 2021 making the Nugget a well-in
Slide 9: Appendix A
Appendix A CENTURY CASINOS The Company defines Adjusted EBITDA as net earnings (loss) attributable to Century Casinos, Inc. shareholders before interest expense (income), net, income taxes (benefit), depreciation and amortization, non-controlling interests net earnings (loss) and transactions, pre-o
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