Full House Resorts, Inc. · NASDAQ:FLL
Full House Resorts — Q2 2023 Earnings Presentation
32 slides from Full House Resorts's earnings presentation, Aug 8, 2023
Slide 1: Investor Presentation August 2023
Investor Presentation August 2023
Slide 2: Forward-looking Statements & Regulation G
Forward-looking Statements & Regulation G 2 This presentation contains statements by us and our officers that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified b
Slide 3: Forward-looking Statements & Regulation G
Forward-looking Statements & Regulation G 3 Our presentation of non-GAAP Measures may be different from the presentation used by other companies, and therefore, comparability may be limited. While excluded from certain non-GAAP Measures, depreciation and amortization expense, interest expense, incom
Slide 4: 2Q23 Financial Results
2Q23 Financial Results 4 ● Total revenues increased 33.8% from $44.4 million to $59.4 million ○ Includes a full quarter of operations from The Temporary, which generated $20.3 million of revenue ● Adjusted EBITDA declined from $12.1 million to $10.5 million ○ Prior-year’s quarter benefited from $2.1
Slide 5: The Temporary: Admissions
04 /0 11,000 11,500 12,000 12,500 13,000 13,500 14,000 14,500 15,000 15,500 2/ 23 04 /0 9/ 23 04 /1 6/ 23 04 /2 3/ 23 04 /3 0/ 23 05 /0 7/ 23 The Temporary: Admissions 05 /1 4/ 23 05 /2 1/ 23 05 /2 8/ 23 06 /0 4/ 23 06 /1 1/ 23 06 /1 8/ 23 06 /2 5/ 23 07 /0 2/ 23 5
Slide 6: The Temporary: Slot Coin-in
04 /0 $12,000,000 $14,000,000 $16,000,000 $18,000,000 $20,000,000 $22,000,000 2/ 23 04 /0 9/ 23 04 /1 6/ 23 04 /2 3/ 23 04 /3 0/ 23 05 /0 7/ The Temporary: Slot Coin-in 23 05 /1 4/ 23 05 /2 1/ 23 05 /2 8/ 23 06 /0 4/ 23 06 /1 1/ 23 06 /1 8/ 23 06 /2 5/ 23 07 /0 2/ 23 6
Slide 7: The Temporary: Table Games Drop
The Temporary: Table Games Drop 7 $2,200,000 $2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 23 23 23 23 23 23 23 23 23 23 23 23 23 23 0 2/ 0 9/ 1 6/ 2 3/ 3 0/ 0 7/ 1 4/ 2 1/ 2 8/ 0 4/ 1 1/ 1 8/ 2 5/ 0 2/ / / / / / / / / / / / / / / 04 04 04 04 04 05 05 05 05 06 06 06 06 07
Slide 8: The Temporary: Table Games Operations Continue to Expand
The Temporary: Table Games Operations Continue to Expand 8 ● February 17 (Opening Night): 28 table games installed ● May 19: 36 table games installed ● June 23: 48 table games installed ○ Of this total, we typically have approximately 30 table games open for weekends ● In July, The Temporary’s repor
Slide 9: The Temporary: Guest Database
4/ 3/ 0 250 500 750 20 23 4/ 10 /2 02 3 4/ 17 /2 02 3 4/ 24 /2 02 3 5/ 1/ 20 23 5/ 8/ 20 23 5/ 15 /2 02 3 5/ 22 /2 02 3 5/ 29 /2 02 3 The Temporary: Guest Database Daily Sign-Ups 6/ 5/ 20 23 6/ 12 /2 02 3 6/ 19 /2 Toal Sign-ups 02 3 6/ 26 /2 02 3 7/ 3/ 20 23 7/ 10 /2 02 3 7/ 17 /2 02 3 7/ 24 /2 02 3
Slide 10: Chamonix: First Luxury Gaming Product in Cripple Creek
Chamonix: First Luxury Gaming Product in Cripple Creek 10
Slide 11: Chamonix: Cripple Creek, Colorado
Chamonix: Cripple Creek, Colorado 11 ● $250 million project which is slated to include: ○ Luxurious new casino ○ Approximately 300 guestrooms, the first high-end room product in the market ○ Steakhouse to be operated by Barry Dakake and Yassine Lyoubi § Co-owners of Barry’s Downtown Prime and Former
Slide 12: Chamonix: Valet Arrival
12 Chamonix: Valet Arrival
Slide 13: Chamonix: Exterior
13 Chamonix: Exterior
Slide 14: Chamonix: Parking Garage
14 Chamonix: Parking Garage
Slide 15: Chamonix: Parking Garage
15 Chamonix: Parking Garage
Slide 16: Chamonix: Table Games Pit
16 Chamonix: Table Games Pit
Slide 17: Chamonix: Public Restroom
17 Chamonix: Public Restroom
Slide 18: Chamonix: Escalators from Casino to Meeting Space
18 Chamonix: Escalators from Casino to Meeting Space
Slide 19: Chamonix: Meeting Space
Chamonix: iil Meeting a Space
Slide 20: Chamonix: Meeting Space
20 Chamonix: Meeting Space
Slide 21: Chamonix: Meeting Space
21 Chamonix: Meeting Space
Slide 22: Chamonix: Meeting Courtyard
22 Chamonix: Meeting Courtyard
Slide 23: Chamonix: Guestroom
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Slide 24: Chamonix: Guestroom
24 Chamonix: Guestroom
Slide 25: Chamonix: Guestroom
25 Chamonix: Guestroom
Slide 26: Chamonix: Two-story Suite
26 Chamonix: Two-story Suite
Slide 27: Chamonix: View from Suite
Chamonix: View from Suite a ~ala, ey Pi x
Slide 28: Chamonix: View from Pool Deck
28 Chamonix: View from Pool Deck
Slide 29: Supplemental Information
Supplemental Information 29 Segment Revenues, Adjusted Segment EBITDA and Adjusted EBITDA (In thousands, unaudited) (1) The Company utilizes Adjusted Segment EBITDA as the measure of segment operating profitability in assessing performance and allocating resources at the reportable segment level.
Slide 30: Supplemental Information
Supplemental Information 30 Same-store Revenues and Adjusted Segment EBITDA (In thousands, unaudited) (1) Same-store operations exclude results from The Temporary by American Place, which opened on February 17, 2023.
Slide 31: GAAP Reconciliation
GAAP Reconciliation 31 Reconciliation of Net Loss and Operating Income to Adjusted EBITDA (In thousands, unaudited)
Slide 32: GAAP Reconciliation
GAAP Reconciliation 32 Reconciliation of Net Loss and Operating Income (Loss) to Adjusted Segment EBITDA and Adjusted EBITDA (In thousands, unaudited)