Bloomberry Resorts Corporation · PSE:BLOOM
Bloomberry Resorts — Q1 2025 Earnings Presentation
18 slides from Bloomberry Resorts's earnings presentation, 2025
Slide 1: Selected Unaudited First Quarter 2025 Financial and Operating Data
PSE: BLOOM Selected Unaudited First Quarter 2025 Financial and Operating Data
Slide 2: Confidentiality Notice and Disclaimer
CONFIDENTIALITY NOTICE AND DISCLAIMER This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or as an inducemen
Slide 3: 1Q2025 Financial and Operating Data: Consolidated
1Q2025 Financial and Operating Data Consolidated 3
Slide 4: Consolidated Income Statement (Php million) - 1Q2025
Unaudited Consolidated Income Statement (Php million) - 1Q2025 For the Three Months Ended 31 March 1Q2025 1Q2024 Conso Jeju Corporate and Jeju Corporate and Change in % SEC1 SN2 non-operating Consolidated SEC1 SN2 non-operating Consolidated Sun Subsidiaries3 Sun Subsidiaries3 Gross gaming revenues 1
Slide 5: Revenues - Consolidated
Unaudited 1Q2025 Revenues - Consolidated Consolidated Net Revenues Consolidated Net Revenues Breakdown (Includes Interest Income) +15% YoY (Includes Interest Income) Consolidated Net Revenues -1% QoQ 10% declined by 1% sequentially, and 14,553 14,353 increased by 15% YoY 54 11% 58 1,548 12,481 1,364
Slide 6: Gaming Revenues – SEC + SN
Unaudited 1Q2025 Gaming Revenues – SEC + SN Change in % GGR Breakdown In PHP millions 1Q25 vs 4Q24 vs 1Q24 1Q25 19% 41% 39% VIP 4Q24 24% 36% 40% Rolling chip 96,604 -9% -10% 1Q24 29% 31% 40% +14% YoY Hold Rate 3.39% -0.6ppt -0.6ppt +4% QoQ VIP GGR 3,271 -16% -23% 16,782 16,188 Mass 14,750 Mass Drop
Slide 7: Consolidated Expenses
Unaudited 1Q2025 Consolidated Expenses Cash Operating Expenses Provisions for Doubtful Accounts Consolidated Cash Operating Expenses decreased by 6% sequentially. Expenses +32% YoY increased by 32% YoY due to the 10,566 -6% QoQ recognition of operating 9,976 expenses associated with SN which was sti
Slide 8: Consolidated EBITDA and Profit(Loss)
Unaudited 1Q2025 Consolidated EBITDA and Profit(Loss) Consolidated EBITDA Consolidated Net Profit Consolidated EBITDA was P4.4 billion, representing an increase of 10% sequentially, and a decrease of 11% YoY. Consolidated EBITDA margin was 31% compared to 27% and 39% in 4Q24 and 1Q24, -11% YoY respe
Slide 9: Solaire Resort Entertainment City (SEC)
1Q2025 Financial and Operating Data Solaire Resort Entertainment City (SEC) 9
Slide 10: Revenues – SEC
Unaudited 1Q2025 Revenues – SEC Net Revenues Net Revenues Breakdown (Includes Interest Income) (Includes Interest Income) Net Revenues declined by 8% 10% 9% and 19% on a sequential and 12,361 -19% YoY YoY, respectively 76 1,021 -8% QoQ 10,908 996 38 10,011 80% Net Gaming Revenues 1,161 44 986 accoun
Slide 11: Gaming Revenues – SEC
Unaudited 1Q2025 Gaming Revenues – SEC GGR Breakdown Change in % 1Q25 23% 40% 37% In PHP millions 1Q25 vs 4Q24 vs 1Q24 4Q24 29% 34% 37% VIP Rolling chip 87,724 -14% -18% 1Q24 29% 31% 40% Hold Rate 3.19% -0.4ppt -0.8ppt VIP GGR 2,799 -23% -34% -18% YoY 14,750 Mass -3% QoQ 12,587 12,148 Mass Drop 8,52
Slide 12: Expenses – SEC
Unaudited 1Q2025 Expenses – SEC Cash Operating Expenses Provisions for Doubtful Accounts SEC Cash Operating Expenses declined by 6% and 7% on a sequential and YoY basis, respectively -7% YoY Provisions for doubtful 7,033 7,024 -6% QoQ accounts in 1Q25, 4Q24,and 6,574 1Q24 were nil Php millions Php m
Slide 13: EBITDA and Profit – SEC
Unaudited 1Q2025 EBITDA and Profit – SEC EBITDA Net Profit EBITDA was P3.4 billion, representing a decrease of 12% and 35% on a sequential and YoY, 5,327 respectively EBITDA margin was 34% -35% YoY compared to 36% and 43% 3,884 -12% QoQ 3,437 in 4Q24 and 1Q24, respectively Php millions 3,088 -47% Yo
Slide 14: Non-Gaming Performance – SEC
Unaudited 1Q2025 Non-Gaming Performance – SEC Non-gaming Revenues Hotel Occupancy Rate (Includes Interest Income) 77.4% Non-gaming 67.6% 70.9% revenues decreased 2,238 -6% YoY by 13% and 6% on a -13% QoQ 2,092 38 sequential and YoY 76 1,957 1Q2024 4Q2024 1Q2025 44 Hotel Cash Revenues basis, respecti
Slide 15: Solaire Resort North (SN)
1Q2025 Financial and Operating Data Solaire Resort North (SN) 15
Slide 16: Gaming & Non-Gaming Performance – SN
Unaudited 1Q2025 Gaming & Non-Gaming Performance – SN Gross Gaming Revenues Non-gaming Revenues Hotel Occupancy Rate (Includes Interest Income) Change in % 56.4% 56.8% In PHP millions 1Q25 vs 4Q24 VIP Rolling chip 8,880 +115% - Hold Rate 5.32% -1.3ppts 1Q2024 4Q2024 1Q2025 VIP GGR 472 +73% Hotel Cas
Slide 17: EBITDA and Profit (Loss) – SN
Unaudited 1Q2025 EBITDA and Profit (Loss) – SN EBITDA Cash Operating Expenses Net Profit Note: A refinancing gain of P2.9 billion was +209% QoQ flat QoQ recognized in 1Q25. Adjusting for this 1,082 impact, SN’s net loss would have been 3,161 3,164 P1.1 billion with a margin of -26% Php millions Php
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet YTD change in Cash and cash Php million 31 March 31 December equivalents as of % 2025 2024 31 March 2025 was Current assets 38,107 38,276 0% Php33.4 billion Non-current assets 159,693 161,421 -1% Total Interest-bearing debt was P106.5 billion Total assets 197,800 199,697 -