Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — 21st Annual Growth Stock Conference, Roth Capital Partners (February 2009)
15 slides from Century Casinos's conference presentation, Feb 18, 2009
Slide 1: Company Presentation
Company Presentation Peter Hoetzinger Co CEO & President February 2009 1
Slide 2: Safe Harbor Disclosure
SAFE HARBOR DISCLOSURE Century Casinos, Inc. (the "Company") has prepared this presentation for the sole purpose of providing information relating to the Company. The content of this presentation is based on public information and on data provided by the Company's management. No reliance may be plac
Slide 3: Century Casinos at a Glance
Century Casinos at a Glance Gross Revenue Overview by Sources of Income Hotel, F&B Other 13% 2% We develop and operate casino resorts world-wide. NASDAQ-listed since April 1994. Vienna Stock Exchange-listed since October 2005. Casino 85% We operate and hold stakes in 18 casinos on three cont
Slide 4: International Diversification – Risk Spread
International Diversification – Risk Spread Edmonton Colorado II Poland (8 casinos) Colorado I R Prague (CZ) R R Newcastle (SA) R Caledon (SA) __________________________________________________________________________________________________ Areas of Management Experience before forming Century Curr
Slide 5: 2 Casinos in Colorado, USA
2 Casinos in Colorado, USA 965 slot machines SLOT MACHINES 100% on TITO system TABLE GAMES 13 table games HOTEL ROOMS 47 hotel rooms 3 restaurants, 5 bars, AMENITIES parking garage COMMENTS Net Operating Revenue down 22% (1-9/08 vs. 1-9/07) EBITDA margin 20% vs. 30% (1-9/08 vs. 1-9/07) Smoking ban s
Slide 6: The Colorado Casino Market
The Colorado Casino Market Poised to evolve into a much larger gaming scale with the increase of the betting limits from $5 to $100 per game, longer gaming hours up to a 24 hrs day and the addition of craps and roulette games. The new rules will become effective on July 2, 2009. The gaming towns
Slide 7: Edmonton, Alberta, Canada
Edmonton, Alberta, Canada SLOT MACHINES 658 slot machines TABLE GAMES 35 table games, 24-hr Poker HOTEL ROOMS 26 hotel rooms Heated parking garage, lounge with AMENITIES live music, showroom, 4 restaurants and bars COMMENTS Limited number of casino licenses in Alberta Net Operating Revenue up 25% (1
Slide 8: 2 Casinos in South Africa
2 Casinos in South Africa 630 slot machines SLOT MACHINES Cashless system TABLE GAMES 13 table games HOTEL ROOMS 121 hotel rooms 5 restaurants, 3 bars, food court, AMENITIES conference facilities, spa center Net Operating Revenue down 5% (in $) COMMENTS (1-9/08 vs. 1-9/07) EBITDA margin 33% vs. 34%
Slide 9: Sale of South African Properties
Sale of South African Properties (closing expected in Q2 2009) Agreement to sell all of the outstanding shares of Century Casinos Africa (Pty) Limited (CCA). CCA owns and operates The Caledon Hotel, Spa & Casino near Cape Town, South Africa, as well as 60% of Century Casino Newcastle, in Newcastle
Slide 10: 33.3% stake in Casinos Poland Ltd.
33.3% stake in Casinos Poland Ltd. OWNERSHIP Owner and operator of 7 casinos and 1 slot casino in Poland SLOT MACHINES 255 slot machines TABLE GAMES 100 table games Casinos located in four and five star AMENITIES hotels in major cities throughout the country ~ 50% share of Polish casino market RESUL
Slide 11: Ship-based casinos
SLOT MACHINES 173 slot machines TABLE GAMES 33 table games COMMENTS Prague casino sold for approx. $2.4m Currently four ship-casinos in operation, five more (two from Oceania Cruises and three from TUI/RCCL Cruises) under contract Total passenger capacity will increase almost five-fold from currentl
Slide 12: CNTY 3rd Quarter 2008 Performance
CNTY 3rd Quarter 2008 Performance Net Operating Revenues $22 million, down 12% year-over-year, but up 2% from Q2. Adjusted EBITDA $5 million, down 16% year-over-year, but up 7% from Q2. In light of the economic crises we took a conservative approach and wrote-off the entire goodwill of our two
Slide 13: Impact of Sale of South African Properties
Impact of Sale of South African Properties (closing expected in Q2 2009) Estimated net cash proceeds of approx. $38 million (approx. $1.60/share). Net accounting/book gain approx. $18 million, or EPS of $0.76. From 1/1/09, SA operations will be reported as discontinued operations (Their P&L re
Slide 14: Analysts' Estimates for CNTY after South African sale
Analysts‘ Estimates for CNTY after South African sale (closing expected in Q2 2009) (four analysts follow CNTY; two in the US, two in Europe) Net Cash position of approx. $7 million. EBITDA between $10 and $14 million. $38 million cash available for stock buy-back, acquisitions and/or new deve
Slide 15: Notes
Notes Century Casinos, Inc. US Offices European Offices Peter Hoetzinger 2860 South Circle Drive, Suite 350 Century Casinos Europe GmbH Co CEO & President Colorado Springs, CO 80906, USA Untere Viaduktgasse 2, 1030 Vienna, Austria p. US +1 719 689 5813 p. +1 719 527 8300 p. +43 1 533 63 33 p. Europe
Century Casinos — 21st Annual Growth Stock Conference, Roth Capital Partners (February 2009) on 6ix