Premium Leisure — Investor Presentation (March 2022)
15 slides from Premium Leisure's investor presentation, Mar 15, 2022
Slide 1: Presentation to Investors March 2022
Presentation to Investors MARCH 2022
Slide 2: Table of Contents
Table of Contents The Philippine Economy……………………………3 Philippine Gaming Industry………..………….……4 About Premium Leisure Corp.………………..…....7 Pacific Online Systems Corporation…………........8 PremiumLeisure & Amusement, Inc.…..………....10 Historical Financial Summary………..….…..........13 P R E S E N T A T I O N
Slide 3: Philippines: strong macroeconomic fundamentals
Philippines: strong macroeconomic fundamentals Young workforce with rising incomes Opportunities GDP Growth Per Capita GDP Median Age ▪ Improved Infrastructure development 5.6% USD3,572 23 ▪ Provincial growth – Luzon, Visayas, Mindanao ▪ Job creation and inclusive growth Consumption Driven Per Capit
Slide 4: The Philippine gaming industry
The Philippine gaming industry Regulator : PAGCOR Rise of integrated resorts • Since 1976, PAGCOR has been overseeing games of chance, particularly casino • Since 2008, 5 integrated resort projects have been approved by PAGCOR for gambling development at or near Entertainment City: with 4 already op
Slide 5: Integrated resorts: driving growth
Integrated resorts: driving growth In 2021, integrated resorts accounted for 82% of casino GGR. 2021 Philippine casino gaming revenues by category Image from Google maps Year Hotel Integrated Resorts Opened Rooms Resorts World Manila 2009 3,222 Solaire Resorts & Casino 2013 1,277 City of Deams Manil
Slide 6: Gaming: a growth opportunity
Gaming: a growth opportunity Philippine gaming has been on a growth Growth drivers: trajectory with integrated resorts leading the way. While this growth was interrupted in 2020-21 due • Tourist arrivals to the COVID-19 pandemic, this extraneous event • Easier travel documentary requirements will ev
Slide 7: About Premium Leisure Corp.
About Premium Leisure Corp. Premium Leisure Corp. (PLC) is an investment holding company that participates in gaming-related businesses in the Philippines. Through its subsidiary, PremiumLeisure & Amusement, Inc. (PLAI), PLC has an interest in the operations of City of Dreams Manila, an integrated e
Slide 8: Pacific Online (LOTO): Overview
Pacific Online (LOTO): Overview Our business Key agreements with the PCSO Major suppliers • Provide technical and market • Equipment Lease Agreement • Scientific Games Worldwide Ltd., expertise for the distribution of • Lottery a global gaming and technology lottery products in the country in • Keno
Slide 9: LOTO operating highlights
LOTO operating highlights 2,500 2,320 2,000 1,936 1,500 990 1,000 668 585 500 493 328 426 304 141 - (125) (36) 2017 2018 2019 (163) 2020 2021 (500) (344) (381) (1,000) Revenues EBITDA Net Income Lotto Keno 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 PCSO Sales (Php B) 13.5 11.2 7.13 4.1 6.5 5.
Slide 10: PremiumLeisure & Amusement, Inc. (PLAI): Overview
PremiumLeisure & Amusement, Inc. (PLAI): Overview Melco Resorts & Entertainment PAGCOR License Operating partner : (Philippines) Inc. (MRP) Co-terminus with PAGCOR charter • Affiliate of Macau and Hong Kong based Melco Resorts & Entertainment Ltd. (Melco), the only operator in Macau that is running
Slide 11: Melco Resorts & Entertainment Ltd. (Melco): A Strong Partner
Melco Resorts & Entertainment Ltd. (Melco): A Strong Partner Experienced operator • Operator of award-winning integrated resorts in Macau: − City of Dreams Macau − Studio City − Altira Macau • Able to leverage Macau knowhow for best practices in resort marketing and efficient operations Broad custom
Slide 12: Revenue sharing with MRP
Revenue sharing with MRP PLAI is entitled to the HIGHER of: 1. 50% of MRP’s gaming EBITDA computed without deducting lease expenses but after deducting: • Management allowance for 2% of Net City of Dreams Manila EBITDA Sharing Win, where “Net Win” is defined as: Gross Gaming Revenue − For mass marke
Slide 13: Historical Financial Summary: Positioned to benefit from gaming sector
Historical Financial Summary: Positioned to benefit from gaming sector • The operation of 3 world-class integrated resorts has legitimized Entertainment City as a worthwhile destination for tourists looking for games of chance • Manila is an attractive destination for Asian gamers : only a few hours
Slide 14: Historical Financial Summary: Strong Proxy for Gaming Sector
Historical Financial Summary: Strong Proxy for Gaming Sector Full Year Income Satement 2021 2020 2019 Revenues 1,727 964 3,966 Figures in Php millions except percentages EBITDA 1,150 551 2,605 Net Income 1,123 324 2,102 Net Margin (inc-NCI) 65.0% 33.5% 53.0% ROE 6.8% 1.95% 11.8% ▪ Superior downside
Slide 15: For more information
For more information Principal Investor Relations Michelle T. Hernandez Contact: Office Number: +632 8662.8812 Email Address: michelle.hernandez@bellecorp.com Official Website: www.premiumleisurecorp.com PSE Ticker PLC Bloomberg Ticker PLC:PM Reuters Ticker PLC:PS Disclaimer Except for historical fi