Genting Malaysia Bhd. · MYX:GENM
Genting Malaysia Bhd — Investor Presentation (January 2018)
46 slides from Genting Malaysia Bhd's investor presentation, January 2018
Slide 1: Corporate Presentation January 2018
No. 58019-U Corporate Presentation January 2018 1
Slide 2: Agenda
1 OVERVIEW 2 FINANCIAL HIGHLIGHTS 3 DOMESTIC OPERATIONS • RESORTS WORLD GENTING • GENTING INTEGRATED TOURISM PLAN 4 OVERSEAS OPERATIONS • UNITED KINGDOM • UNITED STATES • BAHAMAS 5 PROSPECTS AND FOCUS 2
Slide 3: Group Corporate Structure
OVERVIEW GROUP CORPORATE STRUCTURE Berhad 49.3% Malaysia US & Bahamas UK 100% 100% 100% 100% 78% 100% 100%
Slide 4: Resorts World Genting, Malaysia
RESORTS WORLD GENTING, MALAYSIA ……… Asia’s Leading Themed Resort by World Travel Awards in 2016 4
Slide 5: Genting UK & Resorts World Birmingham
GENTING UK & RESORTS WORLD BIRMINGHAM ……… One of the leading casino operators in the UK 5
Slide 6: Resorts World Casino New York City, US
RESORTS WORLD CASINO NEW YORK CITY, US ………Market leader by gaming revenue in the Northeast US region 6
Slide 7: Resorts World Bimini, Bahamas
RESORTS WORLD BIMINI, BAHAMAS ……… 750-acre luxury beachfront casino resort 7
Slide 8: Group's Key Properties
OVERVIEW GROUP’S KEY PROPERTIES Resorts World Genting (RWG) Resorts World Casino New York City A world-class integrated destination resort ~8.2m visitors in FY2016 ~20.2m visitors in FY2016 Equipped with ~6,000 video gaming machines (“VGM”) and other leisure ~10,300 rooms facilities ~13,
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 10: Financial Highlights – 3Q17
OVERVIEW FINANCIAL HIGHLIGHTS– 3Q17 US & % In RM’mil Malaysia UK 3Q17 3Q16 Bahamas Change Revenue 1,372 520 377 2,269 2,200 ↑3% 60% 23% 17% 100% Adjusted EBITDA 321 55 62 438 583 ↓25% 73% 13% 14% 100% Adjusted EBITDA Margin 23% 11% 16% 19% 27% PBT 255 7 (12) 250 520 ↓52% Tax (78) 13 ↑>100% Net Profi
Slide 11: Financial Highlights – 9M17
OVERVIEW FINANCIAL HIGHLIGHTS – 9M17 US & % In RM’mil Malaysia UK 9M17 9M16 Bahamas Change Revenue 4,205 1,414 1,166 6,785 6,649 ↑2% 62% 21% 17% 100% Adjusted EBITDA 1,166 188 184 1,538 1,689 ↓9% 76% 12% 12% 100% Adjusted EBITDA Margin 28% 13% 16% 23% 25% PBT 897 52 (108) 841 1,294 ↓35% Tax (200) (1
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Slide 13: Malaysia – L&H Performance Review in 9M17: Revenue
MALAYSIA – L&H PERFORMANCE REVIEW IN 9M17 Revenue (RM’mil) 7,000 6,000 5,418 5,490 5,684 5,577 5,623 5,362 5,000 4,116 4,142 4,000 3,000 2,000 1,000 - FY11 FY12 FY13 FY14 FY15 FY16 9M16 9M17 Launch of new GITP facilities since end-2016 have been well-received Year-to-date revenue impacted by low
Slide 14: Malaysia – L&H Performance Review in 9M17: Adjusted EBITDA
MALAYSIA – L&H PERFORMANCE REVIEW IN 9M17 Adjusted EBITDA (RM’mil) / Margin (%) 3,000 39% 42% 37% 35% 35% 35% 35% 35% 2,500 35% 2,107 29% 2,042 1,972 1,860 1,931 1,942 2,000 28% 1,500 1,421 21% 1,207 1,000 14% 500 7% - 0% FY11 FY12 FY13 FY14 FY15 FY16 9M16 9M17 Lower adjusted EBITDA in 9M17 due to
Slide 15: RWG Key Statistics in 9M17
MALAYSIA RWG KEY STATISTICS IN 9M17 16.9m* 71% VISITORS DAY-TRIPPERS (9M16: 15.2m) ↑11% (9M16: 71%) 4.1m 3.7m MEMBERS TICKETS SOLD (9M16 : 4.0mil) ↑21% (9M16: 3.1mil) * No of visitors in 3Q17: 6.4 million (↑25% YoY; ↑17% QoQ) 15
Slide 16: RWG Visitation Numbers in 9M17
MALAYSIA RWG VISITATION NUMBERS IN 9M17 Visitors Arrivals 16
Slide 17: RWG Hotel Performance in 9M17
MALAYSIA RWG HOTEL PERFORMANCE IN 9M17 10,300 2.4m ROOMS ROOM NIGHTS SOLD 7 HOTELS (9M16: 2.2m) ↑12% RM90 94% AVRG ROOM RATE OCCUPANCY ↓3% (9M16:RM93) (9M16: 91%) 17
Slide 18: RWG Hotel Performance in 9M17: ARR & Occupancy
MALAYSIA RWG HOTEL PERFORMANCE IN 9M17 ARR & Occupancy 18
Slide 19: Genting Integrated Tourism Plan
Qe Well GENTING 19
Slide 20: GITP Overview
GITP OVERVIEW A major 10-year master plan launched in Dec 2013 RM10.38 billion capital investment Invested RM6.0 billion as at 30 September 2017 ………… Opening progressively in 2017 and beyond 20
Slide 21: GITP Overview
GITP OVERVIEW 2016 Awana SkyWay Cable Car SkyAvenue Mall 2015 First World Hotel (Tower 3) 2017 2018 onwards SkyCasino New Indoor Theme Park Theme Park Hotel 20th Century Fox Theme Park All-suite Premium Luxury Hotel Additional Luxury Hotels 2015 2016 2017 2018 onwards ……. Looking forward to new and
Slide 22: SkyAvenue
SKYAVENUE …………Exciting shopping and dining experience at 6,000 feet 22
Slide 23: SkyAvenue – F&B Outlets
SKYAVENUE – F&B OUTLETS Burger & Lobster La Fiesta Malaysian Food Street Motorino …… Unique dining experience featuring renowned restaurants 23
Slide 24: Times Square – SkySymphony
TIMES SQUARE – SKYSYMPHONY ……Extraordinary orchestra of audio, visual and motion graphics 24
Slide 25: Awana SkyWay
AWANA SKYWAY SkyAvenue Mall Awana SkyWay Cable Car system Awana Station Awana Station Genting Highlands Premium Outlets* Artist Impression Denotes Awana SkyWay route *A property of Genting Simon Sdn Bhd, a JV between Genting Plantations Berhad and Simon Property Group ..….. Transporting visitors to
Slide 26: Crockfords Platinum Club
CROCKFORDS PLATINUM CLUB …………A luxurious space for the discerning customer 26
Slide 27: UK, US & Bahamas
Bahamas CT (ewlel NEW YORK CITY ie; 1 3 Lae a PAWAMAS GD Reet Wworlel GENTING RT CASINO MARINA GENTING MALAYSIA 27
Slide 28: Genting Casinos United Kingdom
GENTING CASINOS UNITED KINGDOM 28
Slide 29: United Kingdom Performance Review in 3Q17 and 9M17
UNITED KINGDOM PERFORMANCE REVIEW IN 3Q17 and 9M17 % % In £’mil 3Q17 3Q16 9M17 9M16 Change Change Revenue 97.1 76.0 ↑28% 267.4 258.4 ↑3% Adjusted EBITDA 9.9 10.7 ↓7% 34.0 43.3 ↓21% Adjusted EBITDA 10% 14% 13% 17% Margin Increase in revenue in 3Q17 contributed by: • Higher volume of business and ho
Slide 30: United Kingdom Performance Review – 9M17
UNITED KINGDOM PERFORMANCE REVIEW – 9M17 Revenue (£’mil) 400 339 324 317 320 290 258 267 236 231 240 160 80 - FY11 FY12 FY13 FY14 FY15 FY16 9M16 9M17 Visitors ↑ 6% to 4.4m in FY16 (FY15: 4.2m) Visitors ↓ 2% to 3.2m in 9M17 (9M16: 3.2m) 30
Slide 31: Genting UK & Resorts World Birmingham
GENTING UK & RESORTS WORLD BIRMINGHAM ……… One of the leading casino operators in the UK 31
Slide 32: Genting UK – Crockfords Cairo
GENTING UK – CROCKFORDS CAIRO 1st Crockfords in the Middle East Opened in December 2016 32
Slide 33: New York City
NEW York city NEW YORK CITY 33
Slide 34: US – RWNYC Performance Review in 3Q17 and 9M17
US – RWNYC PERFORMANCE REVIEW IN 3Q17 and 9M17 % % In US$’mil 3Q17 3Q16 9M17 9M16 Change Change Revenue 64.4 62.3 ↑3% 195.3 186.7 ↑5% Adjusted EBITDA 25.4 26.0 ↓2% 79.8 76.3 ↑5% Adjusted EBITDA 39% 42% 41% 41% Margin Improved commission structure with NY state authority Average WPU at US$424 in
Slide 35: US – RWNYC Performance Review – 9M17
US – RWNYC PERFORMANCE REVIEW – 9M17 Revenue (US$’mil) 300 240 250 238 239 240 211 187 195 180 120 60 26* - FY11 FY12 FY13 FY14 FY15 FY16 9M16 9M17 Approximately 5,500 machines in operation at the facility Continues to lead the Northeast US region (by gaming revenue) at approx. 42.3% market shar
Slide 36: US – RWNYC Expansion
US – RWNYC US – RWNYC EXPANSION NON-GAMING EXPANSION Broke ground on a USD400 million expansion in July 2017 New attractions include a new 400-room hotel, additional gaming space and a variety of dining, entertainment and retail experiences Scheduled to be completed by mid-2019 Artist Impressi
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Slide 38: Bahamas – RW Bimini Performance Review
BAHAMAS – RW BIMINI PERFORMANCE REVIEW IN 3Q17 and 9M17 % % In US$’mil 3Q17 3Q16 9M17 9M16 Change Change Revenue 7.8 9.3 ↓16% 20.4 26.9 ↓24% Adjusted EBITDA (11.0) (16.8) ↑35% (37.6) (47.9) ↑22% Narrowing losses in 9M17 vs 9M16 from continued cost rationalisation initiatives Focused marketing ef
Slide 39: Genting Malaysia
GENTING MALAYSIA 39
Slide 40: First Light Resort and Casino
FIRST LIGHT RESORT AND CASINO Invested approx. US$368.9 million* in interest bearing promissory notes The Tribe and Plaintiffs have to-date submitted materials required by the U.S. Federal Government ** U.S. Federal Government currently reviewing Tribe’s right to trust land and has not announc
Slide 41: Omni and Hilton Operations (Miami)
OMNI AND HILTON OPERATIONS (MIAMI) Artist Impression 41
Slide 42: Genting Malaysia
GENTING MALAYSIA 42
Slide 43: Looking Ahead: Prospects and Focus
LOOKING AHEAD PROSPECTS AND FOCUS Global Outlook Optimistic on the growth potential of the L&H industry in the medium to long term Resorts World Genting Leverage on new facilities and attractions under the GITP Optimise operational efficiencies and drive revenue growth 43
Slide 44: Looking Ahead: Prospects and Focus
LOOKING AHEAD PROSPECTS AND FOCUS Overseas Strengthen position in the non-premium players business in the UK Improve operational efficiencies at Resorts World Birmingham Continue to boost direct marketing efforts in RWNYC Focus marketing efforts on leisure markets and continue cost rationali
Slide 45: Questions & Answers
Q&A QUESTIONS & ANSWERS 45
Slide 46: Disclaimer
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 directors and management of the Genting Malaysia Group
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