Paradise Entertainment Limited · HKEX:1180
Paradise Entertainment — FY2023 Earnings Presentation
18 slides from Paradise Entertainment's earnings presentation, Mar 26, 2024
Slide 1: Paradise Entertainment Limited 2023 Annual Results
1 Paradise Entertainment Limited (Incorporated in Bermuda with limited liability) 1180.HK 2023 Annual Results 26 March 2024 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 f
Slide 3: Business Segments
Business Segments PROVISION OF CASINO ELECTRONIC GAMING SMART CHARGING MANAGEMENT SERVICES EQUIPMENT AND SYSTEMS STATIONS AND EQUIPMENT • Provide casino management • Inventor, patent-owner and sole- • Provide total solutions for smart services to Casino Kam Pek supplier of our flagship product charg
Slide 4: 2. Business Update
2. Business Update For the year ended 31 December 2023 4
Slide 5: Business Update – 2023
BUSINESS UPDATE – 2023 1. With the Covid-19 pandemic situation being gradually under control, since early 2023, the Macau government has started to ease travel restrictions and lifted its quarantine requirements for inbound business and leisure travellers. 2. The Group entered into a new service agr
Slide 6: Business Update – 2023 (continued)
BUSINESS UPDATE – 2023 (continued) 4. The enactment of the new gaming law proved to clear the uncertainties regarding the prospects of the gaming industry in Macau. 5. The Group has commenced a new business activity of engaging in the supply of smart charging stations and related equipment for elect
Slide 7: Gaming Tables and Machines in Operation
Casino Management Services GAMING TABLES AND MACHINES IN OPERATION (Average number of units) FY2023^ FY2022 Traditional gaming tables 24 31 LMG gaming tables/machines 10/860 8/493 (managed by the Group since Aug 2008) Total gaming tables 34 39 Slot machines 96 98 The numbers shown in above table rep
Slide 8: Deployment of Gaming Machines
Electronic Gaming Equipment & Systems DEPLOYMENT OF GAMING MACHINES Major deployment during the year FY2023 FY2022 (HK$ ’million) (HK$ ’million) Sale of LMG machines in Macau 48.5 - (260 units) Provision of upgrading services to LMG 5.1 3.5 machines in Macau Leasing of LMG machines in Macau 3.2 3.9
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 the year ended 31 December 2023, the Group has commenced a new business of engaging in the supply of smart charging stations and smart charging equipment
Slide 10: 3. Financial Update
3. Financial Update For the year ended 31 December 2023 10
Slide 11: Financial Highlights – 2023 Annual Results
FINANCIAL HIGHLIGHTS – 2023 ANNUAL RESULTS GGR Adjusted EBITDA 133.6 Casino Kam Pek Paradise HK$ 1,033.6 m HK$ m (2022: loss of HK$109.0m) (2022:HK$490.9m) Turnaround +110.6% YoY Loss Profit Reported Revenue Net Profit HK$ 634.3 (2022: HK$297.8m) m HK$ 60.9 m (2022: net loss of HK$166.3m) +113.0% Yo
Slide 12: Group Revenue & Adjusted EBITDA
GROUP REVENUE & ADJUSTED EBITDA Group Adjusted EBITDA by Nature Reported Revenue by Segments HK$ million HK$ million FY2023 FY2022 600.0 564.8 Casino under the Group’s management: 500.0 • Casino Kam Pek Paradise 162.8 (38.0) Subtotal 162.8 (38.0) 400.0 Electronic gaming equipment and 634.3 266.9 sys
Slide 13: Casino Under Management Performance Highlights
CASINO UNDER MANAGEMENT PERFORMANCE HIGHLIGHTS FY2023 FY2022 GGR HK$ 1,033.6m [+110.6%] HK$ 490.9m - Traditional Tables HK$452.7m [+118.2%] HK$207.5m - LMG HK$530.9m [+107.5%] HK$255.9m - Slot Machines HK$50.0m [+81.8%] HK$27.5m GGR Contribution - Traditional Tables 43.8% 42.3% - LMG 51.4% 52.1% - S
Slide 14: KPIs for Casino Under Management
KPIs FOR CASINO UNDER MANAGEMENT FY2023 FY2022 HK$ HK$ Total GGR for the year 1,033.6 million 490.9 million Traditional Gaming Tables GGR per table/day 51,700 18,300 LMG Gaming Tables GGR per table/day 145,500 87,600 GGR per terminal/day 1,691 1,422 Blended Tables GGR per table/day 79,300 32,600 14
Slide 15: Electronic Gaming Equipment & Systems Performance Highlights
ELECTRONIC GAMING EQUIPMENT & SYSTEMS PERFORMANCE HIGHLIGHTS FY2023 FY2022 Macau Overseas Total Macau Overseas Total Reported Revenue HK$56.8m - HK$56.8m HK$7.4m HK$21.3m HK$28.7m R&D and Other Costs HK$(26.2)m HK$(37.4)m in EBITDA Adjusted EBITDA (loss) HK$(14.8) m HK$(53.6) m 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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