Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — CIMB 11th Annual Malaysia Corporate Day 2019

45 slides from Genting Malaysia Bhd's conference presentation, Jan 4, 2019

  1. Slide 1: Corporate Presentation

    No. 58019-U Corporate Presentation CIMB 11th Annual Malaysia Corporate Day 4 January 2019 1

  2. Slide 2: Agenda

    1 GROUP OVERVIEW 2 KEY PROPERTIES 3 FINANCIAL HIGHLIGHTS 4 MALAYSIA OPERATIONS 5 OVERSEAS OPERATIONS • UNITED KINGDOM & EGYPT • US & BAHAMAS 6 PROSPECTS & FOCUS 2

  3. Slide 3: Group Corporate Structure

    OVERVIEW GROUP CORPORATE STRUCTURE Berhad 49.3% Malaysia US & Bahamas UK & Egypt 100% 100% 100% 100% 78% 100% 100% 3

  4. Slide 4: Group's Key Properties

    OVERVIEW GROUP’S KEY PROPERTIES Resorts World Genting (RWG) Resorts World Casino New York City  Malaysia’s largest integrated resort  Market leader in the Northeast US region destination  ~5.8m visitors in 9M18  ~19.2m visitors in 9M18  ~10,500 rooms across 7 hotels  ~1,000 employees  ~13,800

  5. Slide 5: Malaysia

    MALAYSIA

  6. Slide 6: Malaysia: Resorts World Genting

    MALAYSIA RESORTS WORLD GENTING ……… Bringing you the ultimate leisure and hospitality experience 6

  7. Slide 7: UK: Genting UK Resorts World Birmingham

    GENTING UK UK RESORTS WORLD BIRMINGHAM ……… One of the leading casino operators in the UK 7

  8. Slide 8: US: Resorts World Casino New York City

    RESORTS WORLD CASINO US NEW YORK CITY ………Market leader by gaming revenue in the Northeast US region 8

  9. Slide 9: Bahamas: Resorts World Bimini

    BAHAMAS RESORTS WORLD BIMINI ……… 750-acre luxury beachfront casino resort 9

  10. Slide 10: Financial Highlights

    W) GHLIGHT GENTING MALAYSIA @

  11. Slide 11: Financial Highlights – 3Q18 & 9M18

    OVERVIEW FINANCIAL HIGHLIGHTS – 3Q18 & 9M18 % % In RM’mil 3Q18 3Q17 9M18 9M17 Change Change Revenue 2,599 2,270 ↑15% 7,421 6,786 ↑9% Adjusted EBITDA 815 438 ↑86% 2,124 1,539 ↑38% Adjusted EBITDA 31% 19% 29% 23% Margin Net Loss (1,512) 173 ↓>100% (792) 642 ↓>100%  Improved performance aided by Malay

  12. Slide 12: Revenue & Adjusted EBITDA by Geography – 9M18

    OVERVIEW REVENUE & ADJUSTED EBITDA BY GEOGRAPHY – 9M18 Revenue Adjusted EBITDA US & US & UK & Bahamas UK & Bahamas Egypt 15% Egypt 12% 18% 5% Malaysia Malaysia 67% 84% 12

  13. Slide 13: Capital Management Strategy

    OVERVIEW CAPITAL MANAGEMENT STRATEGY Dividend per Share 20 Net dividend per share (sen) 16.50* 17.00* 16 8.00 7.30 12 8 9.20 9.00 6.00 6.60 7.13 6.50 7.10 4.00 4 - FY12 FY13 FY14 FY15 FY16 FY17 9M17 9M18 *Includes a special dividend of 8.0 sen (FY16: 7.3 sen) per share Dividend  FY17 net dividend g

  14. Slide 14: Malaysia Operations

    MALAYSIA . OPERATIONS = Eee

  15. Slide 15: Malaysia – Leisure & Hospitality Performance Review – 3Q18 & 9M18

    MALAYSIA – LEISURE & HOSPITALITY PERFORMANCE REVIEW – 3Q18 & 9M18 % % In RM’mil 3Q18 3Q17 9M18 9M17 Change Change Revenue 1,704.6 1,353.3 ↑26% 4,896.0 4,143.0 ↑18% Adjusted EBITDA 641.2 336.4 ↑91% 1,715.1 1,208.5 ↑42% Adjusted EBITDA 38% 25% 35% 29% Margin  Improved hold percentage in the mid to pr

  16. Slide 16: Malaysia – Leisure & Hospitality Revenue

    MALAYSIA – LEISURE & HOSPITALITY PERFORMANCE REVIEW IN 9M18 Revenue (RM’mil) 7,000 5,684 5,623 5,835 6,000 5,490 5,362 5,577 5,000 4,896 4,143 4,000 3,000 2,000 1,000 - FY12 FY13 FY14 FY15 FY16 FY17 9M17 9M18  Higher business volumes from the mass market segment  Higher hold percentage in the mid

  17. Slide 17: Malaysia – Leisure & Hospitality Adjusted EBITDA

    MALAYSIA – LEISURE & HOSPITALITY PERFORMANCE REVIEW IN 9M18 Adjusted EBITDA (RM’mil) / Margin (%) 3,000 42% 37% 35% 35% 35% 35% 35% 2,500 31% 35% 29% 2,042 1,972 1,860 1,931 1,942 2,000 1,805 28% 1,715 1,500 21% 1,209 1,000 14% 500 7% - 0% FY12 FY13 FY14 FY15 FY16 FY17 9M17 9M18  Improving adjusted

  18. Slide 18: RWG Key Statistics in 9M18

    MALAYSIA RWG KEY STATISTICS IN 9M18 19.2m 72% VISITORS DAY-TRIPPERS (9M17: 16.9m) ↑14% (9M17: 70%) 4.5m 7.0m MEMBERS TICKETS SOLD (9M17: 5.8mil) ↑9% (9M17 : 4.1mil) ↑20% 18

  19. Slide 19: RWG Hotel Performance in 9M18

    MALAYSIA RWG HOTEL PERFORMANCE IN 9M18 10,500 2.6m ROOMS ROOM NIGHTS SOLD 7 HOTELS (9M17: 2.4m) ↑8% RM105 97% AVRG ROOM RATE OCCUPANCY ↑17% (9M17: RM90) (9M17: 94%) 19

  20. Slide 20: Genting Integrated Tourism Plan (GITP)

    GENTING INTEGRATED TOURISM PLAN (GITP)

  21. Slide 21: GITP Overview

    GITP OVERVIEW  A 10-year master plan launched in Dec 2013  RM10.4 billion capital investment  Invested RM7.3 billion as at 30 September 2018 ..……… The next phase of growth at RWG 21

  22. Slide 22: GITP Overview

    GITP OVERVIEW 2016 Awana SkyWay Cable Car SkyAvenue Mall 2015 First World Hotel (Tower 3) 2017 2018 onwards SkyCasino Skytropolis Indoor Theme Genting Highlands Premium Park Outlets* The Void Theme Park Hotel Zouk Crockfords Hotel 2015 2016 2017 2018 onwards *A property of Genting Simon Sdn Bhd, a J

  23. Slide 23: GITP Awana SkyWay

    GITP AWANA SKYWAY SkyAvenue Mall Awana SkyWay cable car system Awana Station Awana Hotel Genting Highlands Premium Outlets Denotes Denotes Awana Awana SkyWay SkyWay route route ..….. Transporting visitors to key attractions at the resort 23

  24. Slide 24: GITP SkyAvenue

    GITP SKYAVENUE …………Exciting retail and dining experience at 6,000 feet 24

  25. Slide 25: GITP SkyAvenue – F&B Outlets

    GITP SKYAVENUE – F&B OUTLETS Burger & Lobster Red Tail Malaysian Food Street Motorino …..…… Unique dining experience featuring renowned restaurants 25

  26. Slide 26: GITP Theme Park Hotel

    GITP THEME PARK HOTEL ..…..A 448-room boutique hotel with quirky and playful decor 26

  27. Slide 27: GITP SkySymphony

    GITP SKYSYMPHONY ……Extraordinary orchestra of audio, visual and motion graphics 27

  28. Slide 28: GITP Crockfords Platinum Club

    GITP CROCKFORDS PLATINUM CLUB …………A luxurious space for the discerning customer 28

  29. Slide 29: GITP Crockfords Hotel

    GITP CROCKFORDS HOTEL …..….. A 137-room hotel providing guests the ultimate comfort and luxury 29

  30. Slide 30: GITP The Void

    GITP THE VOID ….. A fully immersive experience that seamlessly blends imagination with reality 30

  31. Slide 31: GITP Skytropolis Funland

    GITP SKYTROPOLIS FUNLAND …..….. Non-stop entertainment for the whole family 31

  32. Slide 32: UK & Egypt

    UK US & Bahamas Egypt Malaysia 32

  33. Slide 33: Lu = | 03) = ° i=} o z = ° a = z

    Lu = | 03) = ° i=} o z = ° a = z =)

  34. Slide 34: UK & Egypt – Leisure & Hospitality Performance Review

    UK & EGYPT – LEISURE & HOSPITALITY PERFORMANCE REVIEW IN 3Q18 & 9M18 % % In £’mil 3Q18 3Q17 9M18 9M17 Change Change Revenue 94.6 92.7 ↑2% 250.9 251.8 Flat Adjusted EBITDA 11.2 9.6 ↑16% 22.3 30.2 ↓26% Adjusted EBITDA 12% 10% 9% 12% Margin  Higher contributions from Crockfords Cairo and UK interactiv

  35. Slide 35: UK & Egypt – Leisure & Hospitality Performance Review – 9M18

    UK & EGYPT – LEISURE & HOSPITALITY PERFORMANCE REVIEW – 9M18 Revenue (£’mil) 400 362 339 324 317 320 290 252 251 240 231 160 80 - FY12 FY13 FY14 FY15 FY16 FY17 9M17 9M18  9M18 revenue remained stable amid subdued consumer sentiment 35

  36. Slide 36: US & Bahamas

    GENTING MALAYSIA

  37. Slide 37: US & Bahamas – Leisure & Hospitality

    US & BAHAMAS – LEISURE & HOSPITALITY PERFORMANCE REVIEW IN 3Q18 & 9M18 % % In US$’mil 3Q18 3Q17 9M18 9M17 Change Change Revenue* RWNYC and RW Omni 72.5 70.5 ↑3% 224.8 217.4 ↑3% RW Bimini 7.4 7.7 ↓5% 20.5 20.3 ↑1% Total 79.9 78.2 ↑2% 245.3 237.7 ↑3% Adjusted EBITDA* RWNYC and RW Omni 26.3 24.9 ↑6% 77

  38. Slide 38: RWNYC – Leisure & Hospitality Performance Review – 9M18

    RWNYC – LEISURE & HOSPITALITY PERFORMANCE REVIEW – 9M18 Revenue (US$’mil) 300 240 250 251 238 239 240 211 195 195 180 120 60 - FY12 FY13 FY14 FY15 FY16 FY17 9M17 9M18  Continues to lead the Northeast US region at approx. 41.1%1 market share in 9M18  ~6,000 machines in operation at the facility (9M

  39. Slide 39: Resorts World Omni Hilton Miami Downtown

    RESORTS WORLD OMNI US HILTON MIAMI DOWNTOWN 39

  40. Slide 40: RWNYC Expansion

    US RWNYC EXPANSION  Broke ground on a USD400 million expansion in July 2017  New attractions include a new 400-room hotel, additional gaming space and a variety of dining, entertainment and retail experiences  Scheduled to open in phases from end of 2019 Artist Impression 40

  41. Slide 41: Malaysia

    MALAYSIA

  42. Slide 42: Looking Ahead: Prospects and Focus – Resorts World Genting

    LOOKING AHEAD PROSPECTS AND FOCUS Resorts World Genting  Leverage on new facilities and attractions  Streamline operations and cost structure  Review marketing strategies and intensify database marketing efforts 42

  43. Slide 43: Looking Ahead: Prospects and Focus – UK & Egypt

    LOOKING AHEAD PROSPECTS AND FOCUS UK & Egypt  Premium Players Segment: Manage business volatility  Non-premium Players Segment: Improve business efficiency and grow market share  RW Birmingham: Grow business volume and improve operating performance Resorts World Birmingham Crockfords Cairo 43

  44. Slide 44: Looking Ahead: Prospects and Focus – US & Bahamas

    LOOKING AHEAD PROSPECTS AND FOCUS US & Bahamas  RWNYC: Continue intensifying direct marketing efforts and focus on RWNYC’s USD400 million expansion  RW Omni: Leverage on the newly renovated Hilton Miami Downtown  RW Bimini: Improve operational efficiency and infrastructure RWNYC Resorts World Bim

  45. Slide 45: 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

Genting Malaysia Berhad — CIMB 11th Annual Malaysia Corporate Day 2019 on 6ix