Paradise Entertainment Limited · HKEX:1180
Paradise Entertainment — H1 2023 Earnings Presentation
18 slides from Paradise Entertainment's earnings presentation, Aug 29, 2023
Slide 1: Paradise Entertainment Limited 2023 Interim Results
1 Paradise Entertainment Limited (Incorporated in Bermuda with limited liability) 1180.HK 2023 Interim Results 29 August 2023 11
Slide 2: Company Overview: About Paradise
1. Company Overview About Paradise Paradise is proud to be one of the worldwide leading electronic gaming equipment and systems suppliers for high- tech and innovative products and delivers unique and professional casino management services focusing on mass markets. It also provides total solutions
Slide 3: Business Segments
Business Segments PROVISION OF CASINO MANAGEMENT ELECTRONIC GAMING EQUIPMENT SMART CHARGING STATIONS AND SERVICES AND SYSTEMS EQUIPMENT • Provide casino management • Inventor, patent-owner and sole- • Provide total solutions for smart services to Casino Kam Pek supplier of our flagship product LMG c
Slide 4: 2. Business Update
2. Business Update For the six months ended 30 June 2023 4
Slide 5: Business Update – 1H 2023
BUSINESS UPDATE – 1H 2023 1) The impact of the Covid-19 pandemic on the global economy has further weakened. With the lifting of quarantine restrictions and reopening of borders, the market is gradually stepping out of the negative impact of the Covid-19 pandemic and heading towards the path of norm
Slide 6: Business Update – 1H 2023 (continued)
BUSINESS UPDATE – 1H 2023 (continued) 4) The enactment of the new gaming law coupled with the issuance of new gaming concessions last year marked an important milestone for the healthy and orderly development of the Macau gaming industry, in that it not only provided a set of clear and succinct regu
Slide 7: Gaming Tables and Machines in Operation
Casino Management Services GAMING TABLES AND MACHINES IN OPERATION (Average number of units) 1H 2023^ 1H 2022 Traditional gaming tables 23 37 LMG gaming tables/machines 9/872 9/495* (managed by the Group since Aug 2008) Total gaming tables 32 46 Slot machines 95 102* The numbers shown in above table
Slide 8: Deployment of Gaming Machines
Electronic Gaming Equipment & Systems DEPLOYMENT OF GAMING MACHINES 1H 2023 1H 2022 Major deployment during the period (Number of machines) (Number of machines) LMG machines in Macau: - provision of upgrading services 62 84 Sale of Slot machines in overseas markets - 498 8
Slide 9: Supply of Smart Charging Stations and Equipment for Electric Vehicles
Innovative and Renewable Energy Solutions Business in Mainland China SUPPLY OF SMART CHARGING STATIONS AND EQUIPMENT FOR ELECTRIC VEHICLES During 1H 2023, the Group has commenced a new business of engaging in the supply of smart charging stations and smart charging equipment for electric motorcycles
Slide 10: 3. Financial Update
3. Financial Update For the six months ended 30 June 2023 10
Slide 11: Financial Highlights – 1H 2023
FINANCIAL HIGHLIGHTS – 1H 2023 GGR Adjusted EBITDA Casino Kam Pek Paradise 31.0 HK$ 439.5 (1H 2022 HK$283.1m) m HK$ Turnaround m (1H 2022: loss of HK$64.4m) +55.2% YoY Loss Profit Reported Revenue Net loss HK$ 246.7 m HK$ 3.0 m (1H 2022: net loss of HK$96.7m) (1H 2022: HK$181.1m) Loss Reduced +36.2%
Slide 12: Group Revenue & Adjusted EBITDA
GROUP REVENUE & ADJUSTED EBITDA Group Adjusted EBITDA by Nature HK$ million Reported Revenue by Segments HK$ million 1H 2023 1H 2022 240.0 250.0 246.7 Casino under the Group’s management: • Casino Kam Pek Paradise 55.8 (23.3) 200.0 181.1 Subtotal 55.8 (23.3) 154.0 150.0 Electronic gaming equipment a
Slide 13: Casino Under Management Performance Highlights
CASINO UNDER MANAGEMENT PERFORMANCE HIGHLIGHTS 1H 2023 1H 2022 GGR HK$439.5m (+55.2%) HK$283.1m - Traditional Tables HK$190.5m (+59.3%) HK$119.6m - LMG HK$226.5m [+52.1%] HK$148.9m - Slot Machines HK$22.5m [+54.1%] HK$14.6m GGR Contribution - Traditional Tables 43.4% 42.2% - LMG 51.5% 52.6% - Slot M
Slide 14: KPIs for Casino Under Management
KPIs FOR CASINO UNDER MANAGEMENT 1H 2023 1H 2022 HK$ HK$ Total GGR for the period 439.5 million 283.1 million Traditional Gaming Tables GGR per table/day 45,800 17,900 LMG Gaming Tables GGR per table/day 139,000 91,400 GGR per terminal/day 1,435 1,662 Blended Table GGR per table/day 72,000 32,200 14
Slide 15: Electronic Gaming Equipment & Systems Performance Highlights
ELECTRONIC GAMING EQUIPMENT & SYSTEMS PERFORMANCE HIGHLIGHTS 1H 2023 1H 2022 Macau Overseas Total Macau Overseas Total Reported Revenue 3.7m HK$ 0.2m HK$ HK$ 3.9m 4.8m HK$22.3m HK$27.1m HK$ HK$ (13.7)m HK$ (22.0)m R&D and Other Costs incurred (17.5) m HK$ (30.4) m HK$ Adjusted EBITDA (loss) 15
Slide 16: Summary of Our Key Differentiators
4. Summary of Our Key Differentiators Patent-Protected Technologies Increasing Demand for and Strong Team of Talents Electronic Gaming Machines (Gaming Machines) (Gaming Machines) Inventor, patent owner and sole supplier of our flagship Macau is shifting from VIP to mass market; awareness product LM
Slide 17: Contacts Information
5. Contacts Information To follow us on WeChat, Hong Kong Office Unit C, 19F, Entertainment Building, 30 Queen’s Road Central, Hong Kong SAR Tel: (852 ) 2620 5303 Macau Office Suite 1207, 12F, Macau Landmark, No. 555 Avenida da Amizade, Macau SAR Corporate Strategy & Investor Relations Tel: (853) 28
Slide 18: Disclaimer
Disclaimer This document has been prepared by Paradise Entertainment Limited (abbreviated as “Paradise” or the “Company”) for the sole purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any bas
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