Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — CLSA Investors' Forum 2013 - HK

30 slides from Genting Malaysia Bhd's conference presentation, September 2013

  1. Slide 1: Corporate Presentation

    No. 58019-U Corporate Presentation CLSA IF2013 - HK September 2013 1

  2. Slide 2: Agenda

    Agenda  Introduction  Financial Highlights  Malaysian Operations – Resorts World Genting  Overseas Operations – United Kingdom – United States  Looking Ahead 2

  3. Slide 3: Introduction

    Introcuction

  4. Slide 4: Overview

    Overview  Market capitalisation of approx. RM23 billion (USD7 billion)  Listed on the Malaysian Stock Exchange (Bursa Malaysia)  A component company of the KL Composite Index  Four leisure, entertainment and gaming operations • Resorts World Genting • Genting Casinos United Kingdom • Resorts Wor

  5. Slide 5: Overview (continued) – Resorts World Genting

    Overview (continued) Resorts World Genting (“RWG”) – A leading integrated leisure & entertainment resort • 20.5 million visitors in FY12 (FY11: 20.2 million visitors) •  13,000 employees • 3.5 million Genting loyalty card members •  9,000 rooms at the Resorts World Genting • Adjusted EBITDA of RM2

  6. Slide 6: Overview (continued) – Genting Casinos UK

    Overview (continued) Genting Casinos United Kingdom (“Genting UK”) – A leading casino operator in the UK • 3.8 million visitors in FY12 (FY11: 3.7 million visitors) • Operates 41 casinos (London: 6, Provincial: 35) • > 3,000 employees • Adjusted EBITDA of £39 million in FY12 (FY11: £33 million) 6

  7. Slide 7: Overview (continued) – Resorts World Casino New York City

    Overview (continued) Resorts World Casino New York City (“RWNYC”) – New York’s leading video lottery gaming facility • Opened on 28 Oct 2011 • 10 million visitors in FY12 (1st full year of operations) • Equipped with 5,000 gaming machines and other leisure facilities • > 1,500 employees • Adjusted E

  8. Slide 8: Overview (continued) – Resorts World Bimini

    Overview (continued) Resorts World Bimini (“RW Bimini”) – World’s first cruise destination resort • Commenced operations on 28 Jul 2013 • Experience starts in Miami aboard the Bimini SuperFast cruise ferry • Offers gaming, accommodation, leisure and entertainment in the resort and on the SuperFast c

  9. Slide 9: Corporate Structure – Leisure & Hospitality

    Corporate Structure – Leisure & Hospitality Genting Berhad Berhad 49.3% Leisure, hospitality, Others entertainment and gaming 18.4% 100% 1 100% 100% 2 100% 100% 70% 50% 2 100% 38.5% 1 Includes Awana Hotel 2 2 Formerly known as Awana Hotels & Resorts 9

  10. Slide 10: Malaysia

    [SSamamenall Hacglhliclhre MALAYSIA 10

  11. Slide 11: Financial Performance at a Glance – FY2012

    Financial Performance at a Glance – FY2012  Higher revenue from Malaysia operations • Higher volume of business, offset by lower VIP hold percentage  23% growth in UK revenue • Higher volume of business from the London casinos  US operations • Full year contributions from RWNYC • One-off costs re

  12. Slide 12: Financial Performance at a Glance – 1H 2013

    Financial Performance at a Glance – 1H 2013  Malaysian operations • Higher volume of business and hold percentage • Lower adjusted EBITDA margin due to higher promotional expenses and contributions  UK operations • Higher volume of business in London casinos offset by lower hold percentage  US op

  13. Slide 13: Revenue and Adjusted EBITDA

    Revenue and Adjusted EBITDA Revenue by geography in 2012*: Adjusted EBITDA by geography in 2012*: * 100% Malaysia in 2008 13

  14. Slide 14: Capital Management Strategy

    Capital Management Strategy Dividend  Net dividend per share : 6.60 sen in 2012 (5-year CAGR: 6%)  Dividend payout: ↑ 13% in 1H13  Consistent payout ratio  25% Share Buy Back  Initiated since July 2007  To date, bought back 266m shares for RM893m  4.48% of total issued capital 14

  15. Slide 15: Aerial view of Resorts World Genting

    Aerial view of Resorts World Genting 15

  16. Slide 16: RWG – Performance Review

    RWG – Performance Review Consistent Performance:  Revenue growth: • ↑ 1% y-o-y (FY12 vs FY11) • ↑ 4% y-o-y (1H13 vs 1H12) • Higher volumes of business • Hold percentage ↑ in 1H13  5-year CAGR : 3%  Adjusted EBITDA ↓ 3% (FY12 vs FY11): • Operational expenses ↑ • Gaming Mix ∆  Adjusted EBITDA marg

  17. Slide 17: RWG - Global Peer Comparison

    RWG - Global Peer Comparison Adjusted EBITDA margins by Property for 1H 2013 * Before management and logo fees to Genting Berhad Sources: Bloomberg and individual company websites (Fx rate as at 30 June 2013) ……. Amongst the top 5 property EBITDA margins 17

  18. Slide 18: RWG - Consistently High Occupancy Rates

    RWG - Consistently High Occupancy Rates  Room nights sold ↑4% to 1.4 mil in 1H13  Card members* took up 79% of rooms sold in 1H13 (1H12: 75%)  Malaysians took over 63% of rooms sold  Day trippers in excess of 70% of total visitors * Includes bus programme 18

  19. Slide 19: RWG - Regional Competition

    RWG - Regional Competition Mass Market VIP Market  Strong domestic support  Premium Members privileges  Locals form bulk of 20m+ visitors  Refurbished property providing greater comforts and products  Competitive room rates and F&B prices  Expanded regional pie  Mass revenue mix: 65% in 2012

  20. Slide 20: UK US

    x el a ’ =e Wierd (ieeamrere — —

  21. Slide 21: UK Locations

    UK Locations 21

  22. Slide 22: Genting UK performance

    Genting UK performance 1H 2013 Performance  Revenue ↓ 3% y-o-y • London ↓ 12% • Provincial ↑ 14%  Visitors ↑ 8% to 2.08m (1H12: 1.92m) • London ↑ 19% • Provincial ↑ 7% FY2012 Performance  Revenue ↑ 23% y-o-y • London ↑ 34% • Provincial ↑ 8%  Visitors ↑ 2% to 3.85m (FY11: 3.77m) • London ↑ 19% •

  23. Slide 23: 23

    23

  24. Slide 24: RWNYC Performance

    RWNYC Performance 1H 2013 Performance  Average Win Per Unit ↑ 17% y-o-y  Market share* of 40% (1H12: 37%)  Visitors ↑ 21% to 6.4m (1H12: 5.3m) FY2012 Performance  First full year of operations  10 million visitors in FY12  RWNYC’s Win Per Unit is at a premium relative to competitors (approxima

  25. Slide 25: 25

    25

  26. Slide 26: RW Bimini and Bimini SuperFast Cruise Ferry

    RW Bimini and Bimini SuperFast Cruise Ferry  Commenced operations on 28 June 2013*  70 : 30 joint venture  Total investment outlay in excess of USD200 Artist impression million  Casino capacity of  40 live table games and 250 slot machines  10 restaurants and bars  SuperFast cruise ferry sail

  27. Slide 27: Artist impression

    27 le) GENTING MALAYSIA

  28. Slide 28: Prospects and Focus

    Prospects and Focus General Prospects  Overall outlook on L & H industry is positive  Asian economies still on a positive trajectory Resorts World Genting  Tap the expanding regional gaming market and enhance the mid and premium segments of the business  Increase hotel capacity by 1,300 rooms an

  29. Slide 29: Prospects and Focus

    Prospects and Focus Resorts World Casino New York City  Continue to grow customer database Resorts World Miami  Planning for development at former Miami Herald site is underway Resorts World Bimini, Bahamas  Proposed addition of a new luxury marina hotel and supporting infrastructure  Marketing

  30. Slide 30: Thank You

    Thank You Visit us at www.gentingmalaysia.com Disclaimer Some of the statements made in this presentation which are not statements of historical facts are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the director

Genting Malaysia Berhad — CLSA Investors' Forum 2013 - HK on 6ix