Rgb International Bhd. · MYX:RGB
Rgb International Bhd — FY2011 Earnings Presentation
21 slides from Rgb International Bhd's earnings presentation, Mar 7, 2012
Slide 1: RGB YE2011 Corporate Review
RGB YE2011 Corporate Review 7th March 2012
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements (including, without limitation, statements regarding the enhancement of shareholder value, and information and future guidance on our goals, priorities, orders, revenues, demand, growth opportunities, customer service and in
Slide 3: Content
Content Page Highlights 4 Financial Overview 6 Business Segments Updates 9 Outlook, Targets & Strategies 18 3
Slide 4: Highlights
S63 BUILT FOR CHAMPS!
Slide 5: Highlights of FY2011
Highlights of FY2011 Business The Group manage to achieve favourable EBITDA in FY2011 (RM40.7 million) through improvement in average machines performance, effective cost cutting exercise and closure of non performing outlets The Group is confident to achieve even better EBITDA in FY2012 with th
Slide 6: Financial Overview
Financial Overview S63 BUILT FOR CHAMPS!
Slide 7: FY2011 Performance
FY2011 Performance Improved profitability FY 2011 FY 2010 Difference RM ‘000 RM ‘000 % Revenue 118,211 158,614 - 25.5% EBITDA * 40,719 30,512 + 33.5% Loss Before Tax (32,904) (59,469) + 44.7% Loss Attributable to Owners of the Parent (30,849) (50,884) + 39.4% Basic Net Loss Per Share (sen) (2.68) (4
Slide 8: Key Ratios
Key Ratios Better profitability and liquidity 12 months ended 31 Dec 2011 31 Dec 2010 Gross profit margin (%) 19% 3% Current ratio (times) 1.10 0.62 Quick ratio (excluding inventory) (times) 0.97 0.56 Gearing ratio borrowings (times) - Gross 1.64 1.38 - Net 1.23 1.21 8
Slide 9: Business Segments Updates
Business Segments Updates 9
Slide 10: Revenue by Business Segments
Revenue by Business Segments Year-on-Year (“YoY”) Group Revenue reduced by RM40.4 million (25%) as compared to FY2010 is mainly due to the following :- SSM • One-off sales of 267 used RM'mil FY2011 - RM118.2 mil YoY 35% machines to ex-concession Partner 80.0 - RM24.1mil at RM11.2 million in FY2010 6
Slide 11: SSM FY2011 Revenue Review
SSM FY2011 Revenue Review FY2011 SSM revenue decreased by 35% (RM24.1 mil) as compared to FY2010 mainly due to : One-off sales of 267 used machines at RM11.2 mil to ex-concession Partner upon cessation of outlet in FY2010 Sales of 270 unit of machines for RM0.42 million under service fee arrange
Slide 12: TSM FY2011 Revenue Review
TSM FY2011 Revenue Review 10.9% drop in FY2011 TSM revenue as compared to FY2010 is mainly due to : Additional 5% Management Fees imposed by PAGCOR in FY2011 resulting in approximately 7.3% drop in Revenue Closure of outlets in Vietnam (1), Laos (1), Macau (2), Philippines (2) and Singapore (1)
Slide 13: TSM: New Concessions in FY 2011
TSM: New Concessions in FY 2011 Units of YTD EBITDA Commencem No. Country Concession Venues machines Generated ent Date deployed (RM’000) 1 Philippines PAGCOR Club Carmona 12 28th Jan 2011 (3) 2 Cebu Parkmall Satilie Casino 84 11th Mar 2011 505 3 Widus Casino 38 29th Jun 2011 646 4 Crown Regency Cas
Slide 14: TSM: Cessation of Non-Performance Concessions in FY2011
TSM: Cessation of Non- Non-Performance Concessions in FY2011 YTD Date of EBITDA No Country Concession location Remarks Cessation Impact (RM’000) 1 Cambodia Silver World Casino 15th Mar 2011 (8) Closure of Casino 2 Macau Golden Dragon Casino 25th Feb 2011 (193) Unprofitable site. All machines relocat
Slide 15: EBITDA by Business Segments
EBITDA by Business Segments Despite a RM40mil drop in Group Revenue, FY2011 YoY EBITDA improved by RM10.2mil (33%) This is mainly due to effective cost control implementation and closure of non-performing outlets SSM • Reversal of RM1.3million RM 'mil FY2011 - RM40.7 mil YoY 667% provision for sales
Slide 16: Major Cost Components in FY2011
Major Cost Components in FY2011 FY2011 FY2010 Variance Variance RM’000 RM’000 RM’000 % TOTAL REVENUE 118,211 158,614 (40,403) - 25.5% TOTAL EXPENSES Purchases 39,475 33% 67,742 43% (28,267) - 41.7% Depreciation 49,824 42% 72,340 46% (22,516) - 31.1% Staff Cost 15,141 13% 19,265 12% (4,124) - 21.4% F
Slide 17: TSM: Update on Mobilisation Plan
TSM: Update on Mobilisation Plan As at Dec 2010 - Units at warehouse 1,240 Commentary Sites: Mobilized The remaining 122 units of machines are Cambodia 38 allocated for the upcoming cruise ship Philippines 109 operation Myanmar 31 Laos 16 Sub-total of mobilized units for FY2011 (194) Impairment an
Slide 18: Outlook, Targets & Strategies
Outlook, Targets & Strategies 18
Slide 19: Outlook for FY2012
Outlook for FY2012 A better outlook ahead Division Outlook Targets Strategies SSM Relatively • Expected to sell 900 • Entered new venture with Bingo machine promising machines by FY2012 manufacturer to start distribution and concession of Bingo Machines in Philippines • Bingo machines are popular as
Slide 20: Outlook for FY2012 (cont)
Outlook for FY2012 (cont) A better outlook ahead Division Outlook Target Strategies L&E Recurring • Generate additional • Continue to look for tenants for the Rental rental income remaining floor space Income • No operating losses • Continue to look for potential buyers for the disposal of remaining
Slide 21: THANK YOU
THANK YOU For information, please contact RGB International Bhd. at Telephone: +604-2631111 | Email: ir@rgbgames.com