Star Entertainment Group Limited · ASX:SGR
Star Entertainment — The Star Entertainment Group — Morgans Conference 2018
15 slides from Star Entertainment's conference presentation, Oct 10, 2018
Slide 1: Presentation at Morgans Conference
For personal use only THE STAR ENTERTAINMENT GROUP PRESENTATION AT MORGANS CONFERENCE WEDNESDAY 10 OCTOBER 2018
Slide 2: Basis of Preparation and Non-IFRS Information
THE STAR ENTERTAINMENT GROUP THE STAR ENTERTAINMENT GROUP LIMITED (ASX: SGR) BASIS OF PREPARATION AND NON-IFRS INFORMATION For personal use only ♦ Information in this presentation is provided as at the date of the presentation unless specified otherwise. It should be read in conjunction with The Sta
Slide 3: Group Overview: Privileged Assets with Growth
GROUP OVERVIEW PRIVILEGED ASSETS WITH GROWTH Today For personal use only 3 properties 1,382 4,783 Unlimited Sydney, GC, Brisbane Premium Hotel Keys Slots cap Tables and MTGMs Sheraton Grand Mirage Gold Coast (50% share), GCCEC (management rights) The Star Projects Underway Queen’s Wharf Brisbane The
Slide 4: Group Performance: Demonstrated Performance Record
GROUP PERFORMANCE DEMONSTRATED PERFORMANCE RECORD FY2018 Strong results – broad based growth, investments performing For personal use only $2.7bn $588m $258m 20.5 cps Normalised Revenue Normalised EBITDA Normalised NPAT Total Dividends +15.3% vs pcp +14.2% vs pcp +20.3% vs pcp +28.1% vs pcp FY2014-1
Slide 5: Our Strategy: De-risked Earnings Growth
OUR STRATEGY DE-RISKED EARNINGS GROWTH Attractive Markets For personal use only $24bn $42bn $40bn $43bn Gambling Market F&B Market Inbound Tourism International VIP Privileged Assets Assets Growth Projects ♦ Valuable long-term licences ♦ Property transformations underway ♦ Properties in desirable lo
Slide 6: Domestic Gambling: Executing on Priorities
DOMESTIC GAMBLING EXECUTING ON PRIORITIES Market Size (2016, $bn) Market Growth (2011-2016 CAGR) $24 bn Market For personal use only 12.1 7.1% ♦ Large, mature, fragmented 4.6% ♦ Casinos winning share 6.4 5.2 2.6% Casino EGMs (ex Casinos) Sports, Racing, Casino EGMs (ex Casinos) Sports, Racing, Lotte
Slide 7: Tourism: Well Positioned
TOURISM WELL POSITIONED ♦ 145m Chinese outbound 2017 Attractive Chinese Outbound Large, High Growth For personal use only ♦ 15% CAGR 2014-16 ♦ Higher spending independent travellers wining share Premiumisation ♦ Beyond HK/ Macau, long-haul* ~21% of 2016 outbound Top 5 Inbound Tourism Expenditure Sou
Slide 8: Privileged Assets: Valuable Licences in Attractive Destinations
PRIVILEGED ASSETS VALUABLE LICENCES IN ATTRACTIVE DESTINATIONS ♦ Long-dated licences – 2093 earliest expiry Valuable Licences For personal use only ♦ Product differentiation vs pubs/ clubs • Slots – no bet limits, except Sydney MGF • Tables – exclusive, unlimited • MTGMs – exclusive in Qld, pubs/ cl
Slide 9: Strategic Partners: Executing on Opportunities
STRATEGIC PARTNERS EXECUTING ON OPPORTUNITIES ♦ Australian and global project development Complementary Capabilities For personal use only ♦ Access Asian high value consumer, 6m loyalty members ♦ Capital contributions Development Retail/ Distribution Hospitality HK jewellery group, HK developer, >2,
Slide 10: Development Pipeline: Proceeding to Plan
DEVELOPMENT PIPELINE PROCEEDING TO PLAN Sovereign 1.5 ♦ High quality facilities, product levels maintained, mitigation The Star Sydney For personal use only Open strategies in place ♦ $220m upgrade commenced, to complete 2H FY2020 Capital Program ♦ Astral lobby and porte cochere, main entry foyer up
Slide 11: The Star Sydney: Sovereign 1.5 Open
THE STAR SYDNEY SOVEREIGN 1.5 OPEN For personal use only Sovereign 1.5 Sovereign 1.5 Chairman’s 1.5 11
Slide 12: The Star Gold Coast: Tower and Works in Progress
THE STAR GOLD COAST TOWER 1 AND WORKS IN PROGRESS For personal use only The Star Residences – Concept Image Only The Star Residences Joint Venture Tower – Concept Image Only Harvest Buffet– Concept Image Only 12
Slide 13: Queen's Wharf Brisbane: Progressing to Plan
QUEEN’S WHARF BRISBANE PROGRESSING TO PLAN AUGUST 2018 For personal use only OCTOBER 2018 William Street View - Concept image only 13
Slide 14: Delivering on Our Strategy
DELIVERING ON OUR STRATEGY Our Strategy Our Delivery For personal use only Investment delivering above system growth • Signature gaming 1 ♦ Broad-based growth • Premium hotel rooms • F&B ♦ Share gains in Slots (Sydney, Gold Coast), VIP • Retail (on site, nearby) ♦ Effective cost management 2 Track r
Slide 15: Thank You
For personal use only THE STAR ENTERTAINMENT GROUP THANK YOU
The Star Entertainment Group — Morgans Conference 2018 on 6ix