Star Entertainment Group Limited · ASX:SGR
Star Entertainment — The Star Entertainment Group — Shareholder Meeting (October 2019)
32 slides from Star Entertainment's shareholder meeting presentation, Oct 24, 2019
Slide 1: Annual General Meeting, Thursday 24 October 2019
For personal use only ANNUAL GENERAL MEETING THURSDAY 24 OCTOBER 2019 The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 2: Annual General Meeting – John O'Neill AO, Chairman
For personal use only ANNUAL GENERAL MEETING THURSDAY 24 OCTOBER 2019 John O’Neill AO, Chairman The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 3: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE For personal use only Concept Image Only 3
Slide 4: Strategic Alliance
STRATEGIC ALLIANCE For personal use only Queen’s Wharf Brisbane – Concept Image Only The Star Gold Coast Masterplan – Concept Image Only The Star Sydney – Concept Image Only Sheraton Grand Mirage Gold Coast 4
Slide 5: The Star Gold Coast
For personal use only THE STAR GOLD COAST 5
Slide 6: Our Commitment to Queensland
OUR COMMITMENT TO QUEENSLAND For personal use only NEW HOTEL BRANDS AND OFFERINGS NEW RESTAURANTS AND NIGHTLIFE VENUES POTENTIAL $9 INCREASED TOURISM VISITATION BILLION INVESTMENT IN SOUTH EAST THOUSANDS OF JOBS QUEENSLAND INCREASED GOVERNMENT REVENUES 6
Slide 7: The Gold Coast Cannot Support Two Casinos
THE GOLD COAST CAN NOT SUPPORT TWO CASINOS For personal use only “The Gold Coast is not the most attractive market for a new integrated resort / casino…..” “A new competitor would be arguably challenged to expand the domestic market with an investment case most likely based on taking significant dom
Slide 8: The Star Gold Coast
THE STAR GOLD COAST For personal use only The Darling Porte Cochere 8
Slide 9: The Star Gold Coast
THE STAR GOLD COAST For personal use only Garden Kitchen & Bar The Darling Pool Deck Cherry Bar 9
Slide 10: The Star Gold Coast
THE STAR GOLD COAST For personal use only The Darling Lobby Food Quarter The Star Grand 10
Slide 11: The Star Gold Coast – Towers
THE STAR GOLD COAST – TOWERS 1 & 2 For personal use only Concept Image Only 11
Slide 12: The Star Gold Coast Masterplan
THE STAR GOLD COAST MASTERPLAN For personal use only Concept Image Only 12
Slide 13: Gold Coast Convention and Exhibition Centre
GOLD COAST CONVENTION AND EXHIBITION CENTRE For personal use only 13
Slide 14: Gold Coast Convention and Exhibition Centre
GOLD COAST CONVENTION AND EXHIBITION CENTRE For personal use only 14
Slide 15: The Sheraton Grand Mirage
THE SHERATON GRAND MIRAGE For personal use only 15
Slide 16: The Sheraton Grand Mirage
THE SHERATON GRAND MIRAGE For personal use only 16
Slide 17: Potential Investments in the Gold Coast
POTENTIAL INVESTMENTS IN THE GOLD COAST For personal use only 17
Slide 18: The Star Sydney – Proposed Development
THE STAR SYDNEY – PROPOSED DEVELOPMENT For personal use only Concept Image Only 18
Slide 19: FY2019 Financial Performance
FY2019 FINANCIAL PERFORMANCE For personal use only MAINTAINED RECORD STATUTORY NPAT STATUTORY EBITDA FULL YEAR DIVIDEND INCREASED BY INCREASED BY 20.5C 33.7% TO $198 14.1% TO $553 MILLION* MILLION* FULL YEAR DIVIDEND PER STATUTORY NPAT ($M) STATUTORY EBITDA ($M) SHARE (CENTS) 264 600 553 198 484 20.
Slide 20: Our Board of Directors
OUR BOARD OF DIRECTORS JOHN O’NEILL MATT BEKIER GERARD BEN HEAP For personal use only AO Managing BRADLEY Non Executive Chairman and Director and Non Executive Director Non Executive Chief Executive Director Director Officer KATIE LAHEY SALLY PITKIN RICHARD ZLATKO AM Non Executive SHEPPARD TODORCEVS
Slide 21: Annual General Meeting – Matt Bekier, Managing Director and CEO
For personal use only ANNUAL GENERAL MEETING THURSDAY 24 OCTOBER 2019 Matt Bekier, Managing Director and CEO The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 22: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE For personal use only Concept Image Only 22
Slide 23: Queen's Wharf Brisbane: October 2018 to October 2019
QUEEN’S WHARF BRISBANE For personal use only OCTOBER 2018 OCTOBER 2019 23
Slide 24: The Star Gold Coast Masterplan
THE STAR GOLD COAST MASTERPLAN For personal use only Concept Image Only 24
Slide 25: The Star Sydney
THE STAR SYDNEY For personal use only ‘Grand Foyer’ Entrance 25
Slide 26: The Star Sydney – Sovereign Room Development
THE STAR SYDNEY For personal use only Sovereign Room Development – Concept Image Only 26
Slide 27: Our Awards
OUR AWARDS For personal use only #1 DIVERSITY & “PRIDE IN THE STAR GOLD COAST DJSI ‘GLOBAL LEADER’ INCLUSION #2 IN AUSTRALIA AND DIVERSITY” BEST REDEVELOPED CASINO AND GAMING ACCOMMODATION #25 IN THE WORLD SILVER EMPLOYER INDUSTRY Australian Workplace Equality HOTEL/RESORT 2016 / 2017 / 2018 / 2019
Slide 28: Our People
OUR PEOPLE For personal use only $100+ MILLION CONTRIBUTION TO QUEENSLAND'S GAMBLING COMMUNITY BENEFIT FUND SINCE 1987 $19.3 MILLION TO THE RESPONSIBLE GAMBLING FUND (NSW) IN FY2019 28
Slide 29: The 2019 Financial Year Results
THE 2019 FINANCIAL YEAR RESULTS FY2019 GROUP PERFORMANCE NORMALISED STATUTORY For personal use only HIGHLIGHTS $M VS PCP (%) $M VS PCP (%) GROSS REVENUE 2,501 7.2 2,514 2.5 EBITDA 557 2.0 553 14.1 NPAT 224 8.4 198 33.7 ♦ Solid domestic business performance offset by the International VIP Rebate busi
Slide 30: Group Year to Date Trading (Unaudited)
GROUP YEAR TO DATE TRADING (UNAUDITED) ♦ For the period from 1 July to 21 October 2019, group domestic revenue is up 1.5% on pcp, For personal use only with growth in both Sydney and Queensland ♦ Group International VIP Rebate business normalised revenue is up on pcp • Front money flat on pcp • Low
Slide 31: Our Priorities for the 2020 Financial Year
OUR PRIORITIES FOR THE 2020 FINANCIAL YEAR IMPROVE AND DE-RISK RETURNS ACROSS THE GROUP For personal use only ♦ Leverage improved capabilities Execute on Centre of ♦ Extract and retain efficiencies 1 Excellence operating model ♦ Build on solid PGR performance ♦ Improve MGF performance ♦ Sydney Deliv
Slide 32: Annual General Meeting
For personal use only ANNUAL GENERAL MEETING THURSDAY 24 OCTOBER 2019 The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
The Star Entertainment Group — Shareholder Meeting (October 2019) on 6ix