Slide 1: 2020 Interim Results and Business Updates
Stock Code 股份編號:1680 2020 Interim Results and Business Updates 27 August 2020
Slide 2: Business and Performance Updates
Business and Performance Updates Summary of financial performance 1H 2020 1H 2019 The Group The Group (excluding Savan (excluding Savan Savan Legend) Legend Group Savan Legend) Legend Group Change HK$m HK$m HK$m HK$m HK$m HK$m % Revenue 323 41 364 957 125 1,082 (66) - Gaming 250 37 287 755 113 868 (
Slide 3: COVID-19 Actions
COVID-19 Actions Macau Operations Laos Operations Timing Timing Operations - Legend Palace Casinos and Babylon Casino 5 Feb 2020 - Savan Legend Hotel and Casino 28 Mar 2020 suspended - 5 F&B outlets in hotels and boulevard 5 Feb 2020 - Rocks Hotel and F&B outlet 5 Feb 2020 Operations - Legend Palace
Slide 4: Business Updates
Business Updates Item Status Timing Legend Palace Hotel - Completing new F&B facilities for VIP customers 2H 2020 and Casino - Attracted local gaming patrons to our casinos during COVID-19 - Introducing more hotel and F&B/entertainment packages to attract more local and Guangdong customers Macau Fis
Slide 5: Legend Palace Hotel
Legend Palace Hotel Status A luxury 5 star offering with gaming facilities primarily for our in-house customers Six months performance in 2020: Games drop (Mass) HK$ 847 million Night view of Legend Palace Turnover (VIP) HK$ 1 billion Legend Palace Hotel was opened since 2017, within 5 minutes walki
Slide 6: Macau Fisherman's Wharf
Macau Fisherman’s Wharf Status Legend Boulevard Rocks Hotel Harbourview Hotel and Babylon Casino Six months performance in 2020: Games drop (Mass) HK$ 346 million Events in MFW Turnover (VIP) HK$ 910 million First outdoor night market event in Macau since start of COVID-19 restrictions Net win HK$ 8
Slide 7: Macau Fisherman's Wharf
Macau Fisherman’s Wharf Soda Port – New restaurant New Renovated CEC Ballroom Demon Chef Alvin Leung is bringing his Michelin Star Brand Grand opening ceremony for the renovated ballroom was to the Soda Port at Legend Palace Hotel. We expect the held on 17 July 2020. restaurant should be opening in
Slide 8: Savan Resorts – Savannakhet
Savan Resorts – Savannakhet Status 99 year exclusive monopoly on gaming for 3 provinces, 50 year land lease and annual flat tax with no limit on number of gaming tables and electronic gaming machines Six months performance in 2020: Savan Resorts Games drop HK$799 million Extensive revitalization of
Slide 9: The Suites – Savannakhet
The Suites – Savannakhet Status Phase 2 construction has commenced and will be completed by 1H 2020 40 suite boutique hotel, VIP gaming, spa, pool, three F&B facilities, Convention facilities for weddings / The Suites Lounge functions VIP lounge will cater to 25 premium mass and VIP gaming High tech
Slide 10: Thakhek Club – Thakhek
Thakhek Club – Thakhek Status Entered into a long-term lease agreement for existing slot club, shopping and hotel facilities in Q4 2019 (built but never operated). Renovations of the existing Slot Club completed by mid-June 2020 and rebranded to Savan Resorts, Thakhek Club, existing facilities opera
Slide 11: Praia, Cape Verde
Praia, Cape Verde Status On 22 July 2015, the Company entered into agreements with the Government of Cape Verde First phase is expected to be completed by late 2021 Hotel lounge Structural bridge has been constructed The Lounge includes element of Cape Verde culture into the interior Design Exterior
Slide 12: Siem Reap, Cambodia
Siem Reap, Cambodia Status Signed Sales and Purchase Deed for 1,200 hectares of Land in Siem Reap Total consideration of USD90M Continuous growing tourism market Tourism 6,600,000 tourists in 2019 Statistics 100 flights per day to Cambodia from SEA and EA 1,400 hotels in Siem Reap GDP growth rate of
Slide 13: Hengqin, PRC
Hengqin, PRC Status On 27 April 2019, completed acquisition of 21.5% of Hengqin project company for HK$85 million Holds 勵駿龐都廣場 PONTO with construction area of 140,000m2, offering over 300 shops which provide visitors with diversified shopping, dining and entertaining experience Ponto opened its door
Slide 14: Connectivity
Connectivity Status - New Lotus Border construction completed and capacity increased 10 times in preparation of heavy traffic between Macau and Hengqin - Boarder opened on 18 Aug, 2020 - Railway connecting Zhuhai station to Hengqin was completed 4Q 2019 and will open after rest of the line has been
Slide 15: Financial Performance
Financial Performance
Slide 16: MFW Gross Gaming Revenue ("GGR")
MFW Gross Gaming Revenue (1) (“GGR”) 68% drop in GGR at MFW, outperformed Macau market by 10% 1,000 GGR in HK$m 900 1H 2019 1H 2020 $936 -68% 800 -71% 700 600 -71% 500 $564 400 300 -46% $271 $299 200 100 $166 $101 $54 $79 0 Legend Palace Babylon VIP Total Mass Mass MLD Management continues to be enc
Slide 17: Consolidated Reported Revenue
Consolidated Reported Revenue (1) Total reported revenue in 1H 2020 decreased by 66% YoY Reported Revenue Breakdown (HK$m) Historical Reported Revenue (HK$m) Gaming Non-Gaming 1200 1,400 $1,278 $1,082 1000 1,200 $1,082 $214 -66% $980 $952 800 1,000 $913 $856 $868 600 800 $364 400 600 $77 200 $364 40
Slide 18: Adjusted Consolidated EBITDA
Adjusted Consolidated EBITDA (1) Adjusted consolidated EBITDA decreased 206% $200 MFW (excluded Legend Palace) Legend Palace Savan Legend Total $150 $176 $100 $122 $50 $53 $1 $0 1H 2019 1H 2020 ($2) ($50) ($98) ($87) ($100) ($150) ($187) ($200) MLD Management expect Adjusted EBITDA to continue to im
Slide 19: Key initiatives
Key initiatives Continue in building and renewing non-gaming offerings in MFW Macau Growth Focus on bringing more events and promotion to increase traffic to the property Laos Growth Phase 2 of Savan Resorts will increase attractiveness for VIP customers Opening of Thakhek property will bring new re
Slide 20: Thank You
Thank You Contact Information Principal Office Macau Legend Development Limited Address: Palace Building, Macau Fisherman’s Wharf, Avenida da Amizade, Macau Tel: (853) 2822 2211 Fax: (853) 2822 2266 Executive Director & VP Corporate Business Development Mr. Donald Chow Tel: (853) 2822 2211 Fax: (853