Skycity Entertainment Group Limited · NZX:SKC
Skycity Entertainment — Shareholder Meeting (October 2024)
30 slides from Skycity Entertainment's shareholder meeting presentation, Oct 31, 2024
Slide 1: 2024 Annual Meeting
ee Pree Soe Meeting _ Wits mae ' ENTERTAINMENT GROUP ea! pew r ioe Re ens }
Slide 2: Chair
AUCKLAND Chair Julian Cook
Slide 3: Welcome to the 2024 Annual Meeting
Welcome to the 2024 Annual Meeting * Meeting duly convened with a quorum present * The Annual Meeting is a hybrid meeting, so shareholders and bondholders can participate either online or in person + Shareholders participating online can view the presentations, ask questions and vote on the resoluti
Slide 4: Online Instructions — Questions/Assistance
Online Instructions — Questions/Assistance sliveiry + Ifyou have a question to submit during the meeting ONLINE INSTRUCTIONS * Select the ‘Q&A’ tab on your screen at any time * Type your question into the field and press send Select the Q&A tab * Your question will be immediately submitted * The ‘Q&
Slide 5: Voting Online and In Person
Voting Online and In Person slivcity + You can vote online on the resolutions once voting opens ONLINE INSTRUCTIONS * To vote, click on the ‘Vote’ tab, and select your voting direction from the options shown Select voting directions * Vote for all resolutions at once or by each resolution * Your vot
Slide 6: SkyCity Board of Directors
SkyCity Board of Directors Shei ry Julian Cook, Chair Donna Cooper, Director David Attenborough, Director Chad Barton, Director Kate Hughes, Director Glenn Davis, Director ANNUAL MEETING
Slide 7: Meeting Agenda
Meeting Agenda * Chair's Address * Chief Executive Officer’s Address * Transformation Sub-Committee Chair's Address * Resolutions and questions relating to the resolutions * General Q&A session on management and operations of the business * Close of meeting * Refreshments in the Sky Theatre foyer SK
Slide 8: Chair's Address
AUCKLAND Chair's Address Julian Cook
Slide 9: Introduction
Introduction S (rv. ITY @ AuckLANnD * Over the last 12 months a number of regulatory issues have been resolved + Anew CEO and CFO have been recruited to lead the Group + Milestones achieved since last year * Repurchase of the Auckland car park concession * Opening of the Horizon by SkyCity hotel * T
Slide 10: Regulatory matters
Regulatory matters + In May 2024, SkyCity reached an agreement with the Department of Internal Affairs to resolve the civil penalty proceedings commenced in February 2024-this led toa $4.16m penalty * In July 2024, SkyCity reached an agreement with the Secretary for Internal Affairs to resolve the a
Slide 11: Transformation programme
Transformation programme * Significant focus on undertaking a Group-wide multi-year transformation of processes, systems and capability around prevention of financial crime and uplift in host responsibility * Refresh of Board and appointment of key leaders, including new Chief Risk Officer in 2023 *
Slide 12: Capital structure
Capital structure In June 2024, a prudent approach to managing the increasing debt profile was taken that resulted in the decision to suspend the final dividend for FY24 and the FY25 dividends In August 2024, SkyCity successfully refinanced significant tranches of its debt funding and maintains sign
Slide 13: Concluding remarks
Concluding remarks + Financial year ahead continues to reflect a challenging economic environment, particularly in Auckland * SkyCity remains a key contributor to NZ and Adelaide economies + A full year of the new Horizon by SkyCity hotel and the opening of the New Zealand International Convention C
Slide 14: Chief Executive Officer's Address
AUCKLAND Chief Executive Officer's Address Jason Walbridge
Slide 15: Introduction
Introduction sh ie @ aucktann + My first Annual Meeting as CEO of SkyCity * SkyCity already has significant value in its people and properties which provides a very solid foundation to build upon for the future * Recent changes in complex regulatory environments in NZ and South Australia are consist
Slide 16: FY24 financial results
FY24 financial results REVENUE $928.5m Box. Reported $959.6, #°° Underlying! EBITDA $138.2m ov (16.7%) voy Reported $277.8m . 4 (8.0%) voy Underlying! SKYCITY ENTERTAINMENT GROUP LTD ANNUAL MEETING NPAT DIVIDENDS? PER SHARE ($1 43.3) F227. YoY 5.2 5 cones are $123.2m BH c2% v0 Underlying! DEBT LEVER
Slide 17: SkyCity people
SkyCity people shveiry hniciti * Across more than 4,500 employees Top 1 rent eee Age breakdown at SkyCity there are many 14% Chinese | FY23-17% 0.1% Veterans (79+ years) | FY23-0.1% ethnicities, age groups and more 7.3% Baby Boomers (60-78 years) | FY23-7.8% 13% New Zealander | FY23-13% than 61 lang
Slide 18: SkyCity in the community
SkyCity in the community shy ity * SkyCity plays an important role in the oe communities that we operate in x oueamauost HASTERS CANES * $5.9m of grants approved to 130 different ne community organisations by the SkyCity NZ Community Trusts in FY24 | eae AB es... * Support for Leukaemia and Blood Wo
Slide 19: Key upcoming priorities
Key upcoming priorities * Outstanding regulatory matters in Adelaide * Brian Martin KC’s independent review due by 31 December 2024 * Working with Kroll to deliver programme of improvements in AML/CFT and host responsibility * Preparing for rollout of 100% carded play with the aim of minimising the
Slide 20: Key upcoming priorities
Key upcoming priorities SKYCITY ENTERTAINMENT GROUP LTD ANNUAL MEETING
Slide 21: Key upcoming priorities
Key upcoming priorities * Key policy settings we think are critical to successful online gaming regulatory framework: 1. Recognise the existing licensed casinos when awarding online gaming licences and ensure only trusted and reputable operators are granted licences 2. Limit the number of online cas
Slide 22: Trading update and outlook
Trading update and outlook Economic environment continues to be challenging with cuts to interest rates potentially providing some relief Expect tough conditions to continue into 2025 as consumer discretionary spend is forecast to be subdued with improving outlook in second half of FY25 Reiterate FY
Slide 23: Transformation Sub-Committee Chair's Address
AUCKLAND Transformation Sub-Committee Chair’s Address Donna Cooper
Slide 24: Voting
Voting $s lycris Y, * Three resolutions set out in the Notice of Meeting ONLINE INSTRUCTIONS . j 0, 544,732,320 proxy votes (representing 71.66% ect voting of all voting securities) received by 11.00 am on directions Tuesday 29 October 2024 Press ‘for’, ‘against’ or ‘abstain’ Green tick = vote cast
Slide 25: Resolution: Re-election of Director Julian Cook
Resolution 1 sive ITY Re-election of Director: Julian Cook * Appointed to Board in June 2021 and appointed Chair in January 2022 * Independent * Board unanimously recommends that shareholders vote in favour of his re-election P LTD ANNUAL MEETING
Slide 26: Resolution: Re-election of Director Chad Barton
Resolution 2 S lveiry, Re-election of Director: Chad Barton * Appointed to Board in June 2021 * Independent * Board unanimously recommends that shareholders vote in favour of his re-election ITY ENTERTAINME UP LTD ANNUAL MEETING
Slide 27: Resolution: Remuneration of Auditor
Resolution 3 Remuneration of Auditor * Authorise the directors to fix the auditor's remuneration * PricewaterhouseCoopers continues as the auditor of SkyCity
Slide 28: Shareholder Questions
AUCKLAND Shareholder Questions
Slide 29: Thank you
AUCKLAND Thank you
Slide 30: Disclaimer
Disclaimer All information included in this presentation is provided as at 31 October 2024 This presentation, as well as the Chair's and Chief Executive Officer's addresses, include forward-looking statements. Forward-looking statements, by their nature, involve inherent risks and uncertainties. Man
SkyCity Entertainment Group — Shareholder Meeting (October 2024) on 6ix