Slide 1: First Quarter 2010 Results QLI Board Presentation
First Quarter 2010 Results QLI Board Presentation May 2010 1
Slide 2: QLI - An Emerging Markets Casino Operator
QLI - An Emerging Markets Casino Operator Lithuania Belarus Belgium Poland Germany Luxembourg Czech Republic Ukraine Slovakia Austria Hungary Moldova Switzerland France Romania Croatia Russia Italy Serbia Bulgaria Albania Spain Azerbaijan Greece Turkey Malta Syria Iran Tunisia Iraq Algeria Lebanon M
Slide 3: Company Structure
Company Structure Public (Israeli Institutions) Yigal Zilkha Y.Z. 9.3 Public Queenco* (GDRs LSE) 7 QLI** *** *** *** *** *** Club Hotel Casino Palace Sasazu Sihanoukville Casino Rodos Casino Bucharest Prague Casino&Resort Loutraki *** *** Grand Casino Beograd Casino Constanta * Ticker symbol: QNCO (
Slide 4: Operational Review
Leisure International Ltd. Queepco Operational Review
Slide 5: Club Hotel Casino Loutraki - Greece
Club Hotel Casino Loutraki - Greece • 275 rooms deluxe hotel • 80 tables, 1,000 slot machines • Approximately 1,600 employees • 4 luxury restaurants • Distributed over €360m in dividends since 1995
Slide 6: Club Hotel Casino Loutraki – Greece
Club Hotel Casino Loutraki – Greece Three months ended 31 March 2009/2010 Three months ended 31 March 2009/2010 Gross EBITDA EBITDA Win per Number Number Net 308 Gaming (EURm) Margin Visit of of New Profit 292 Revenue (%) Visitors Guests (EUR) (EURm) (EURm) (000’s) 185 (000’s) 161 2010 46.8 2.2 7.0
Slide 7: Casino Rodos - Greece
Casino Rodos - Greece • 5-star boutique hotel with 33 suites • 34 tables, 310 slot machines • Approximately 300 employees • 5 restaurants, café and lounge bar • Continues to focus on attracting high rollers • Distributed over €8m since 2009 7
Slide 8: Casino Rodos– Greece
Casino Rodos– Greece Three months ended 31 March 2009/2010 Three months ended 31 March 2009/2010 Gross EBITDA EBITDA Win per Number Number Net Gaming (EURm) Margin Visit of of New Profit 33.6 Revenue (%) Visitors Guests (EUR) (EURm) (EURm) (000’s) 31.7 245 221 (000’s) 220 200 2010 6.7 0.04 0.8 200 3
Slide 9: Casino Palace - Romania
Casino Palace - Romania • 24 tables, 92 slot machines • Approximately 400 employees • Casa Vernescu - a gourmet French restaurant • Oba – Asian restaurant • Distributed €8m dividends in 2009
Slide 10: Casino Palace - Romania
Casino Palace - Romania Three months ended 31 March 2009/2010 Three months ended 31 March 2009/2010 Gross EBITDA EBITDA Win per Number Number Net 1,125 Gaming (EURm) Margin Visit of of New Profit 29 240 Revenue (%) Visitors Guests (EUR) (EURm) 27 (EURm) (000’s) 245 (000’s) 220 131 2010 3.5 (0.3) (8.
Slide 11: Grand Casino d.o.o. Beograd - Serbia
Grand Casino d.o.o. Beograd - Serbia • 25 tables, 230 slot machines • 6 restaurants • Located in Belgrade, a city with a population of over 2 million • Casino Beograd has exclusivity until 2015 • Visitors numbers for January to March 2010 increased by 10% vs. 2009 total of 75,000 11
Slide 12: Casino Beograd - Serbia
Casino Beograd - Serbia Three months ended 31 March 2009/2010 Three months ended 31 March 2009/2010 Gross EBITDA Win per Number Number Net Gaming (EURm) Visit of of New Profit Revenue Visitors Guests 75 (EUR) (EURm) 41 (EURm) (000’s) (000’s) 68 220 35 2010 2.6 0.0 35 75 9 (1.7) Number of Visitors (0
Slide 13: SaSaZu, Prague - Czech Republic
SaSaZu, Prague - Czech Republic • The SaSaZu entertainment centre , which opened during Q2 2009, has been trading well. Increasing visitor numbers are attributed to: • a unique top South Asian restaurant • a nightclub and lounge bar 13
Slide 14: Financial Review
Leisure International Ltd. Queepco Financial Review
Slide 15: Summary IFRS Profit and Loss Account
Summary IFRS Profit and Loss Account * Three months Three months Year ended 31 ended 31 March ended 31 March december 2010 2009 2009 €m €m €m Net revenues 25.6 31.1 115.0 Operating, Selling and Administrative expenses 26.4 23.9 93.8 EBITDA (0.8) 7.2 21.2 Share of results of associates 0.0 0.4 0.4 De
Slide 16: Summary IFRS Balance Sheet
Summary IFRS Balance Sheet Three months ended Year ended 31 31 March December 2010 2009 €m €m Non-current assets 152.2 151.7 Cash & cash equivalents 26.4 31.1 Other current assets 10.2 12.6 Total assets 188.8 195.4 Current liabilities 48.2 50.9 Non-current liabilities 18.1 17.9 Equity 122.5 126.6 Ne
Slide 17: Summary IFRS Cash Flow Statement
Summary IFRS Cash Flow Statement Three Three Year ended months months 31 ended 31 ended 31 December March March 2009 2010 2009 €m €m €m Net cash from (used in) operating activities (5.1) 9.0 10.8 Net cash used in investing activities (0.6) (2.4) (29.4) Net cash used in financing activities (0.5) (0.
Slide 18: Investment Properties
Investment Properties • After reconsideration, management has decided to change its plans and to offer the following properties for sale: • Romania, Constanta - one square kilometre of land • Romania, Bucharest - Manu Building • Bulgaria, Sofia - an ex-theatre • Bulgaria, Sofia - ex-cinema in Varna
Slide 19: Summary
Summary 19
Slide 20: Outlook
Outlook • The situation in our Greek operations is likely to remain uncertain in the foreseeable future • The Company will continue to cut costs where appropriate and preserve cash • We are focused on maintaining our market position and service levels to all our customers • The Group has a sound fin