Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — 22nd Annual Growth Stock Conference, Roth Capital Partners (March 2010)
17 slides from Century Casinos's conference presentation, Mar 15, 2010
Slide 1: Company Presentation
Company Presentation for Larry Hannappel COO North America Senior Vice President Finance March 2010 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 Overview We develop and operate casino resorts world-wide Our focus is on the regional, mid-size casino markets, catering to local customers rather than relying on tourism-based traffic We own and operate four casinos in the US (Colorado) and Canada (Alberta) with:
Slide 4: Century Casinos at a Glance: Key Statistics and Revenue
Century Casinos at a Glance Gross Revenue Key Statistics by Sources CY 2009 Other Hotel, F&B Current share price (as of 3/12): $ 2.35 15% 3% Shares outstanding: 23.9 million Dual-listed on NASDAQ and Vienna Stock Exchange Casino Book value per share (as of 12/31): $ 4.54 82% Cash (as of 12/3
Slide 5: International Diversification – Risk Spread
International Diversification – Risk Spread Edmonton Calgary Colorado I Poland (8 casinos) Colorado II __________________________________________________________________________________________________ Current land-based Casinos (12) Areas of Management Experience before forming Century
Slide 6: 2 Casinos in Colorado, USA
2 Casinos in Colorado, USA 957 slot machines SLOT MACHINES 100% on TITO system TABLE GAMES 16 table games HOTEL ROOMS 47 hotel rooms 3 restaurants, 4 bars, AMENITIES parking garage COMMENTS 45 minutes from Denver and Colorado Springs, respectively Net Operating Revenue down 3%, EBITDA up 5% (Q4/09 v
Slide 7: Edmonton, Alberta, Canada
Edmonton, Alberta, Canada SLOT MACHINES 664 slot machines TABLE GAMES 35 table games, 24-hr Poker HOTEL ROOMS 26 hotel rooms Heated parking garage, 400 seat AMENITIES showroom, 4 restaurants and bars, lounge with live music COMMENTS Limited number of casino licenses in Alberta – High barrier to entr
Slide 8: 33.3% stake in Casinos Poland Ltd.
33.3% stake in Casinos Poland Ltd. OWNERSHIP Owner and operator of seven casinos and one slot casino in Poland GAMING 250 slot machines and 105 table games Casinos located in four and five star AMENITIES hotels in major cities throughout the country Limited number of casino licenses – RESULTS & High
Slide 9: Cruise Ship Casinos
SLOT MACHINES 154 slot machines TABLE GAMES 23 table games COMMENTS Currently five ship-casinos in operation, four more (two from Oceania Cruises and two from TUI/RCCL Cruises) under contract Total passenger capacity will increase almost 3x (from currently 4.200 to approx. 12.000) Net Operating Reve
Slide 10: 4th Quarter 2009 Performance and Current Cash Position
4th Quarter 2009 Performance and Current Cash Position Net Operating Revenue $12.1 million, up 4% year-over-year Adjusted EBITDA $1.7 million, up 13% year-over-year Write down of $9.0 million of Company’s investment in Casinos Poland due to change in gaming laws and new licensing process Con
Slide 11: Silver Dollar Casino – Calgary, Alberta
Silver Dollar Casino – Calgary, Alberta Casino includes 504 slots, 25 VLTs and 16 gaming tables (space available to almost double gaming positions) 30-lane bowling alley, two restaurants, 18,000 sft multi-purpose entertainment venue, 5,000 sft showroom/lounge, all on 7 acres of land in city of C
Slide 12: Calgary Casino Map
Calgary Casino Map Casino Calgary Stampede Elbow River Silver Cash Dollar Grey Casino Eagle 12
Slide 13: Silver Dollar Casino – Calgary, Alberta
Silver Dollar Casino – Calgary, Alberta Purchase price US$11,500,000 (paid out of Century cash) Less than 50% of what previous owner paid two years ago Property value assessment (city of Calgary, July 2008): C$12,120,000 We intend to make significant improvements to the casino layout and int
Slide 14: Investment Highlights
Investment Highlights Aggressive Operational Optimization Experienced Management Team Program to Increase Margins Very Strong Balance Sheet - High Barriers to Entry in Key Markets Net Cash Position even after of Alberta (Canada) and Poland Calgary Acquisition New Acquisition (Calgary) $15 Million Sh
Slide 15: Appendix
APPENDIX 15
Slide 16: Financials – Income Statement
Financials – Income Statement 4Q09 Actuals vs. 4Q08 Actuals Consolidated Results ($000s except per share amounts) 4Q08 4Q09 Difference % Change Gaming revenue $ 10,841 $ 11,082 $ 241 2% Hotel, food and beverage revenue 2,075 2,202 127 6% Other revenue 466 519 53 11% Less: Promotional allowances (1,7
Slide 17: Financials – Balance Sheet
Financials – Balance Sheet December 31, December 31, Balance Sheet Highlights ($000s except ratios) 2009 2008 Assets: Cash and Cash Equivalents $ 36,992 $ 7,835 Receivables, net 752 426 Inventories 235 170 Other Current Assets 1,648 37,259 Total Current Assets 39,627 45,690 PP&E, net 88,241 88,558 O
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