Premium Leisure — Investor Presentation (May 2018)
15 slides from Premium Leisure's investor presentation, May 11, 2018
Slide 1: Presentation to Investors
Presentation to Investors as of 11 May 2018
Slide 2: Table of contents
Corporate Structure and Lines of Business Table of contents The Philippine Economy 3 Philippine Gaming Industry 4 About Premium Leisure 7 Pacific Online 8 PLAI 10 Financials 14 Presentation to Investors 11 May 2018 2
Slide 3: Philippines: strong macroeconomic fundamentals
Corporate Philippines Structure and : strong macroeconomic Lines of Business fundamentals Young workforce with rising incomes Tourist arrivals Strong GDP Growth Per Capita GDP Median Age 6.7% USD2,987 23 Tourists (millions) Consumption Driven Per Capita GNI Population 68.7% of GDP USD3,590 105M +1.6
Slide 4: The Philippine gaming industry
The Philippine gaming industry Regulator : Philippine Amusement & Gaming Corporation (PAGCOR) Rise of integrated resorts • Since 1976, PAGCOR has been overseeing games of • Since 2008, 5 integrated resort projects have been chance, particularly casino gambling approved for development, 4 in Entertai
Slide 5: Integrated resorts: driving growth
Integrated resorts : driving growth • In 2017, integrated resorts accounted for 72% of casino GGR Image from Rappler.com 2017 Philippine casino gaming revenues by category Year E-game Integrated Resorts Tables Opened Machines Resorts World Manila 2009 244 1,381 Solaire Resort & Casino 2013 390 1,926
Slide 6: Gaming: a growth opportunity
Gaming : a growth opportunity Philippine gaming is on a growth trajectory with the four Integrated Resorts leading the way. Corporate Structure and Lines of Business Growth drivers : • Tourist arrivals • Travel documentation requirements for VIPs Total Integrated Resorts GGR (Php B) • VIP experience
Slide 7: About Premium Leisure Corp.
Corporate About Premium Structure Leisure Corp. and Lines of Business Premium Leisure Corp. (PLC) is an investment holding company that participates in gaming- related businesses in the Philippines. Through its subsidiary, PremiumLeisure & Amusement Inc. (PLAI), PLC has an interest in the operations
Slide 8: Pacific Online (LOTO): Overview
Pacific Online (LOTO): Overview Our business • Provide technical and market expertise for the distribution of lottery products in the country in partnership with the state-run Philippine Charity Sweepstakes Office (PCSO) • Since 1995, LOTO has been leasing to PCSO its online lottery systems for the
Slide 9: LOTO: reliable dividend stock
LOTO : reliable dividend stock Lotto : steady business Keno : double digit growth # of # of Php B terminals Php B terminals Terminal expansion 3-yr CAGR of 24% LOTO: solid track record LOTO dividend history * Amounts in Php m Amounts in Php B Presentation to Investors * Special dividend declared in
Slide 10: PLAI: overview
PLAI : overview PAGCOR License Operating partner: Melco • Expires in 2033 • Only Macau-based operator running an • Renewable for another 25 years upon integrated resort in the Philippines Congress’ renewal of PAGCOR’s franchise • Owns and operates three integrated in 2033. resorts in Macau Key agree
Slide 11: Melco: a strong partner
Melco : a Corporate Structure and Lines of Business strong partner Experienced operator • Operator of several awarded integrated resorts in Macau City of Dreams Macau Studio City Altira Macau • Able to leverage Macau knowhow for best practices in resort marketing and efficient operations Broad
Slide 12: Revenue sharing with Melco
Revenue sharing with Melco PLAI is entitled to the HIGHER of: City of Dreams Manila EBITDA Sharing 1. 50% of MRP’s gaming EBITDA computed without Gross Gaming Revenue deducting lease expenses but after deducting: Less: PAGCOR License Fees • Management allowance for 2% of Net Win, where Net Gaming Re
Slide 13: Positioned to benefit from growing gaming sector
Positioned to benefit from growing gaming sector • The operation of 3 world-class integrated resorts has legitimized Entertainment City as a worthwhile destination for tourists looking for games of chance. • Manila is an attractive destination for Asian gamers : only a few hours flight from China, J
Slide 14: PLC: Strong proxy for growing gaming sector
PLC : Strong proxy for growing gaming sector Premium Leisure FY 2017 FY 2016 % Chg FY 2015 FY 2014 Revenues 4,929 3,531 39.6% 1,476 39 EBITDA 2,597 1,902 36.6% 895 (381) Net Income 2,003 1,158 72.9% 223 1,339 Net Margin (inc-NCI) 40.6% 32.8% - 15.1% 3450.1% ROE 11.7% 7.2% - 1.4% 8.5% ▪ Superior down
Slide 15: Contact Information and Disclaimer
ForBelle more Corporation information Contact Information and Disclaimer Principal Investor Relations Tristan B. Choa Contact: Office Number: +632 857-0195 Email Address: Tristan.choa@bellecorp.com Official Website: www.bellecorp.com PSE Ticker PLC Bloomberg Ticker PLC:PM Reuters Ticker PLC:PS Discl