Skycity Entertainment Group Limited · NZX:SKC
Skycity Entertainment — Shareholder Meeting (October 2025)
29 slides from Skycity Entertainment's shareholder meeting presentation, Oct 31, 2025
Slide 1: Annual Meeting
Annual Meeting 31 OCTOBER 2025 THE ULTIMATE EXPERIENCE IN ENTERTAINMENT
Slide 2: Opening Karakia
Opening Karakia SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 3: Chair Julian Cook
CHAIR JULIAN COOK SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 4: Welcome to the 2025 Annual Meeting
Welcome to the 2025 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 5: Online Instructions – Questions/Assistance
Online Instructions – Questions/Assistance • If you 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 • Your question will be immediately submitted 1 Select the Q&A tab • The ‘Q&A’ tab
Slide 6: Voting online and in person
Voting online and in person • You can vote online on the resolutions once voting opens ONLINE INSTRUCTIONS • To vote, click on the ‘Vote’ tab, and select your voting 1 direction from the options shown Select voting • Vote for all resolutions at once or by each resolution directions • Your vote has b
Slide 7: SkyCity Board of Directors
SkyCity Board of Directors Julian Cook, Chair Donna Cooper, Director David Attenborough, Director Chad Barton, Director Kate Hughes, Director Glenn Davis, Director 7 SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 8: Meeting agenda
Meeting agenda Chair’s Address Chief Executive Officer’s Address Formal Proceedings Resolutions and questions relating to the resolutions Shareholder Questions Close of meeting Refreshments in the Sky Theatre foyer 8 SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 9: Chair's Address
CHAIR’S ADDRESS JULIAN COOK SKYCITY | ANNUAL MEETING| 31 OCTOBER 2025
Slide 10: Chair's address
Chair’s address FY25 performance Equity raise Risk, compliance and transformation Board appointments 10 SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 11: Looking ahead
Looking ahead THREE-YEAR STRATEGY CONNECTED EXPERIENCES FOR MARKET LEADERSHIP IN NZ ONLINE CORE BUSINESS OPTIMSATION CUSTOMERS GAMING 11 SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 12: CEO's Address
CEO’S ADDRESS JASON WALBRIDGE SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 13: FY25 progress
FY25 progress Carded Play in Transformation NZICC – on Preparation for New Zealand programmes track for Feb online casino 2026 opening gambling 13 SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 14: FY25 financial results
FY25 financial results REPORTED/UNDERLYING1 REPORTED REPORTED REPORTED REVENUE EBITDA NPAT EARNINGS PER SHARE $825.2m $216.1m $29.2m 3.9cps (11.1%) Reported revenue pcp 56.4% pcp nm pcp nm pcp (5.2%) Underlying revenue pcp UNDERLYING1 UNDERLYING1 UNDERLYING1 EBITDA NPAT EARNINGS PER SHARE $233.7m $7
Slide 15: FY25 financial results
FY25 financial results HAMILTON & AUCKLAND QUEENSTOWN ADELAIDE MALTA UNDERLYING REVENUE UNDERLYING REVENUE UNDERLYING REVENUE UNDERLYING REVENUE $514.3m $74.2m A$212.2m $4.1m (5.9%) pcp (3.6%) pcp (2.9%) pcp (56.3%) pcp UNDERLYING EBITDA UNDERLYING EBITDA UNDERLYING EBITDA UNDERLYING EBITDA $209.6m
Slide 16: SkyCity people and community
SkyCity people and community TOP 10 ETHNICITIES OUR STAFF IDENTIFY WITH $3.1M IN GRANTS APPROVED BY THE SKYCITY COMMUNITY TRUST TO 119 COMMUNITY ORGANISATIONS 16
Slide 17: Key upcoming priorities
Key upcoming priorities NZICC opening in February 2026 Resolution of the Martin Enquiry Ongoing B3 Adelaide programme Asset review NZ Online gaming licence application Queenstown licence renewal Capital discipline 17 SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 18: Trading update and outlook
Trading update and outlook No change observed in FY26 trading Cost optimisation NZ consumer substantially in line initiatives targeting discretionary spending with expectations minimum ~$10m in FY26 Carded play impact On track to achieve consistent with FY26 earnings guidance guidance: $190-210 mill
Slide 19: Formal Proceedings
FORMAL PROCEEDINGS JULIAN COOK SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 20: Proxies received
Proxies received • Three resolutions set out in the Notice of Meeting ONLINE INSTRUCTIONS • 794,998,774 proxy votes received by 10.00 am on Wednesday 29 October 2025 1 Select voting directions 2 VALID PROXIES % OF ISSUED Press ‘for’, ‘against’ RESOLUTIONS RECEIVED CAPITAL1 or ‘abstain’ Item 1: Re-el
Slide 21: Proxy results
Proxy results PERCENTAGE OF PROXIES RESOLUTION DETAILS PROXY INSTRUCTIONS FOR THE RESOLUTION RESOLUTION FOR1 AGAINST UNDIRECTED TOTAL Item 1: Re-election of Kate Hughes as a Director 579,857,090 209,557,322 5,854,362 794,998,774 72.9% Item 2: Re-election of Glenn Davis as a Director 641,568,257 147,
Slide 22: Formal resolutions
Formal resolutions RESOLUTION 1: Re-election of Kate Hughes RESOLUTION 2: Re-election of Glenn Davis RESOLUTION 3: Remuneration of Auditor 22
Slide 23: Resolution 1: Re-election of Kate Hughes
Resolution 1 Re-election of Kate Hughes • Appointed to Board in September 2022 • Independent • Chair of the Risk and Compliance Committee • Member of the Governance and Nominations Committee • Member of the Audit Committee • Member of the Transformation Sub-Committee The Board unanimously recommends
Slide 24: Resolution 2: Re-election of Glenn Davis
Resolution 2 Re-election of Glenn Davis • Appointed to Board in September 2022 • Independent • Member of the Risk and Compliance Committee • Member of the Governance and Nominations Committee • Member of the Transformation Sub-Committee • Non-executive director and Chair of the SkyCity Adelaide Boar
Slide 25: Resolution 3: Remuneration of Auditor
Resolution 3 Remuneration of Auditor • Authorise the directors to fix the auditor's remuneration • PricewaterhouseCoopers continues as the auditor of SkyCity The Board unanimously recommends that shareholders vote in favour of Resolution 3 25 SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 26: Shareholder Questions
SHAREHOLDER QUESTIONS SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 27: Closing Karakia
Closing Karakia SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 28: Thank You
THANK YOU SKYCITY | ANNUAL MEETING | 31 OCTOBER 2025
Slide 29: Disclaimer
Disclaimer • All information included in this presentation is provided as at 31 October 2025 • 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.
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