Genting Bhd. · MYX:GENTING

Genting Bhd — Shareholder Meeting (June 2020)

66 slides from Genting Bhd's shareholder meeting presentation, Jun 22, 2020

  1. Slide 1: 52nd AGM Presentation 22 June 2020

    52nd ANNUAL GENERAL MEETING 52nd AGM Presentation 22 June 2020 1 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000315 196801000315 (7916-A). (7916-A). AllReserved. All Rights Rights Reserved.

  2. Slide 2: Presentation Agenda

    52nd ANNUAL GENERAL MEETING PRESENTATION AGENDA 1. Key Performance Highlights 2. Financial Highlights 3. Business Review – Genting Malaysia – Genting Singapore – Resorts World Las Vegas – Genting Plantations – Genting Energy 4. Looking Ahead 5. Pre-submitted Questions from Shareholders, including MS

  3. Slide 3: Key Performance Highlights FY2019

    52nd PERFORMANCE KEY HIGHLIGHTS ANNUAL GENERAL MEETING FY2019 Total Revenue Total Assets Investments with Resorts World properties Employed operations in attracted more than RM21.6 RM102.0 9 countries 61 million billion +4% billion across 4 visitors worldwide +6% continents +5% FY18: RM20.9 billion

  4. Slide 4: Financial Highlights

    52nd ANNUAL FINANCIAL HIGHLIGHTS GENERAL MEETING in RM million FY 2019 FY 2018 YOY Revenue 21,617 20,853 +4% EBITDA 7,883 8,137 -3% EBITDA margin 36% 39% -3% Profit before tax 4,583 3,418 +34% Basic EPS (sen) 51.83 35.58 +46% Total assets 102,016 96,141 +6% NTA per share (RM) 9.18 8.90 +3% 4 Copyrig

  5. Slide 5: Financial Overview

    FINANCIAL OVERVIEW Revenue Revenue EBITDA EBITDA 3-year CAGR: 6% 3-year CAGR: 9% RM billion RM billion 8.2 8.1 25.0 8.0 7.9 22.5 20.9 21.6 20.0 7.8 20.0 17.5 7.6 15.0 7.4 12.5 7.1 7.2 10.0 7.5 7.0 5.0 6.8 2.5 - 6.6 2017 2018 2019 2017 2018 2019 Sizeable capex made in recent years demonstrating resul

  6. Slide 6: Financial Overview

    FINANCIAL OVERVIEW Shareholders’ equity Cash Debt RM’bil 3-year CAGR: 1% 3-year CAGR: 6% 3-year CAGR: 23% 40.0 33.8 34.3 35.3 35.0 32.0 33.1 30.8 30.9 29.2 30.0 27.2 25.0 20.0 15.0 10.0 5.0 - 2017 2018 2019 2017 2018 2019 2017 2018 2019 Shareholders' equity Cash Debt Shareholders’ equity Cash Debt F

  7. Slide 7: Leisure Division – Globally Diversified

    LEISURE DIVISION – GLOBALLY DIVERSIFIED Revenue 3-year CAGR: 6% Revenue by business Revenue by location Leisure & Hospitality – 83% (84%) Less than 50% contribution from Malaysia 45% 41% 40% 39% 36% 35% RWG 35% 33% (32%) 30% 25% RWS 20% 35% (36%) UK & US 15% 15% (16%) 9% 8% 10% 7% 7% 7% 7% 5% 2% 2%

  8. Slide 8: Leisure Division – Globally Diversified

    LEISURE DIVISION – GLOBALLY DIVERSIFIED EBITDA 3-year CAGR: 9% EBITDA by business EBITDA by location Leisure & Hospitality – 85% (85%) Internationally diversified, 62% earnings outside Malaysia 50% 45% 46% 45% 41% RWG 38% 40% RWS 32% (34%) 35% 46% (45%) 30% 25% 20% UK & US 15% 7% (6%) GENP 10% 6% 7%

  9. Slide 9: Dividend Per Share

    DIVIDEND PER SHARE 25 sen 21.5 21.5 22.0 20 7.0 7.0 9.5 15 12.5 6.0 6.0 10 6.5 6.0 5 4.0 3.5 - 8.5 8.5 - 6.0 6.5 3.0 3.5 1.0 - - 0 FY 2 0 1 4 FY 2 0 1 5 FY 2 0 1 6 FY 2 0 1 7 FY 2 0 1 8 FY 2 0 1 9 Interim Final Special Dividend 9 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000

  10. Slide 10: Capital Commitments for Global Expansion

    CAPITAL COMMITMENTS FOR GLOBAL EXPANSION In RM million 31 Dec 2019 31 Dec 2018 Genting Malaysia - Malaysia 2,687 3,099 - UK 352 250 - US & Bahamas 1,737 2,390 SGD4.5 billion RWS 2.0 Genting Singapore 14,685 818 started in 2019. Genting Plantations - Malaysia 617 578 - Indonesia 987 796 Genting Energ

  11. Slide 11: Genting Malaysia

    GENTING MALAYSIA  Higher revenue mainly due to higher hold FY2019 Financial Highlights percentage in the mid to premium players segment and improvement in non-gaming Revenue Adjusted EBITDA revenue at Resorts World Genting RM10.4bn RM2.6bn  Adjusted EBITDA impacted by higher casino ↑ 5%  8% dutie

  12. Slide 12: Resorts World Genting FY2019 – Key Statistics

    RESORTS WORLD GENTING FY2019 – KEY STATISTICS 28.7 million 76% 5.0 million visitors day-trippers loyalty members ↑11% (FY18: 73%) ↑9% (FY18: 25.9 million) (FY18: 4.6million) 10,500 95% RM219 hotel rooms average hotel average hotel room rate 7 Hotels occupancy rate ↑>100% (FY18: 97%) (FY18: RM106) 12

  13. Slide 13: Resorts World Genting Malaysia 2019 Highlights

    RESORTS WORLD GENTING MALAYSIA 2019 Highlights Crockfords Hotel Sky VR Malaysia’s first and only Forbes Travel Guide 5-Star Hotel Exclusive world-class attractions promising endless entertainment Starlight Carnival CNY in the Sky Winter Wonderland 13 Copyright©©2020 Copyright 2020 Genting Genting Be

  14. Slide 14: Resorts World Genting Malaysia 2019 Highlights

    RESORTS WORLD GENTING MALAYSIA 2019 Highlights FUHU by Zouk Diverse F&B options providing distinct dining experiences Ed’s Easy Diner The Laughing Fish by Harry Ramsden 14 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000315 196801000315 (7916-A). (7916-A). AllReserved. All Righ

  15. Slide 15: Awards of Excellence

    AWARDS OF EXCELLENCE Gaining recognition in the global arena Service excellence in Acknowledgments of leisure & hospitality Good corporate governance and regulatory compliance Crockfords Hotel – Five-Star Award Genting Malaysia Berhad – Finalist Genting UK – Head of AML/MLRO or AML Team of the Year

  16. Slide 16: United Kingdom & Egypt

    UNITED KINGDOM & EGYPT Financial Highlights  Revenue impacted by lower hold % in the premium players segment (£’million) FY2019 FY2018 Change  Higher adjusted EBITDA mainly due to adoption of MFRS16 (new accounting standard), partially offset by lower debts recovery Revenue 316.8 330.1 ↓4%  Visit

  17. Slide 17: United States & Bahamas

    UNITED STATES & BAHAMAS Financial Highlights (USD million) FY2019 FY2018 Change Revenue 354.6 343.1 ↑3% Adjusted EBITDA 69.7 75.7 ↓8% Adjusted EBITDA 20% 22% Margin  RWNYC continues to lead the Northeast US region with approx. 42% market share by gaming revenue  Improvement in revenue mainly due t

  18. Slide 18: RWNYC - Expansion

    RWNYC - EXPANSION Transforming RWNYC into a premium integrated resort destination  Additional gaming space opened in September 2019  Upcoming new attractions: 400-room hotel (targeted to open first quarter of 2021), various new dining, entertainment and retail outlets Artist Impression 18 Copyrigh

  19. Slide 19: Resorts World Catskills

    RESORTS WORLD CATSKILLS  November 2019: 49% indirectly owned by Genting Malaysia  One of four commercial gaming-licensed casinos in the New York State  150 live table games, ~1,600 VGMs, over 400 rooms in 2 premium hotels and various F&B outlets 19 Copyright©©2020 Copyright 2020 Genting Genting B

  20. Slide 20: Genting Singapore - Overview

    GENTING SINGAPORE - OVERVIEW Resorts World Sentosa FY2019 Financial Highlights A S I A ’ S P R E M I U M L I F E S T Y L E D E S T I N AT I O N Revenue EBITDA ~S$2.48bn >S$1.19bn 2% 3% World Travel Singapore Tourism Michelin Guide Awards 2019 Singapore 2019 Awards 2019 Best Integrated Best Meetings/

  21. Slide 21: Resorts World Sentosa 2019 Highlights

    RESORTSAwards & Accolades WORLD SENTOSA 2019 HIGHLIGHTS World-Class Attractions UNIVERSAL STUDIOS SINGAPORE ® S.E.A. Sesame Street - 50 Years and Counting AQUARIUM Glowing Ocean Spotlight on signs and signals emitted by marine life to hint at adverse effects of climate change Halloween Horror Nights

  22. Slide 22: Resorts World Sentosa 2019 Highlights

    RESORTSAwards & Accolades WORLD SENTOSA 2019 HIGHLIGHTS First-in-Singapore MICE Events World Congress on Maritime Heritage Singapore MICE Forum (Island Edition) Skift Forum Asia (Inaugural Asia edition) The Special Event Asia 22 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 1968010003

  23. Slide 23: RWS 2.0 Expansion Plan

    AwardsPLAN EXPANSION & Accolades RWS 2.0 - Continuing the journey as the best integrated resort in Asia Pacific ~ 50% > 164,000m2 Singapore New Gross New attractions, entertainment Oceanarium Floor Area and lifestyle offerings • Transformation of world class attractions Waterfront • Centrepiece of t

  24. Slide 24: Japan IR Opportunity

    Awards JAPAN IR & Accolades OPPORTUNITY N AT I O N A L T I M E L I N E Q3 2020 2H 2020 1H 2021 Publication of Integrated Request-for-Proposal (RFP) Municipal Governments to Submit Resort Implementation and IR Operator Selection by Proposals to Federal Government Guidelines Municipal Governments for

  25. Slide 25: Resorts World Las Vegas

    RESORTS WORLD LAS VEGAS Prime location on Las Vegas Strip 1) 88-acre site - good accessibility and visibility 2) “New” centre of the Las Vegas Strip, close to other key attractions: LVCC (and expansion) ▪ Las Vegas Convention Center ▪ Wynn Las Vegas & Encore Resort ▪ Sands Expo and Convention Center

  26. Slide 26: Resorts World Las Vegas 2019 Highlights

    RESORTS WORLD LAS VEGAS 2019 HIGHLIGHTS November 2019 - updated plans announced for the USD4.3 billion luxury resort-casino. ▪ 5,000-capacity state-of-the-art theatre scalable to host A-list celebrity residencies and corporate events; ▪ 75,000 square feet of nightlife and day life concept; ▪ 50 feet

  27. Slide 27: Resorts World Las Vegas

    RESORTS WORLD LAS VEGAS Total development and land costs as at 31 Dec 2019: ~USD1.9 billion To feature a myriad of premier facilities and amenities to appeal to a wide array of domestic and international business and leisure guests. ▪ Next-generation casino (100,000 sq ft); ▪ Two resort towers (3,50

  28. Slide 28: Construction Progress

    Agenda CONSTRUCTION PROGRESS June 2018 June 2019 June 2020 28 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000315 196801000315 (7916-A). (7916-A). AllReserved. All Rights Rights Reserved. 52nd AGM 22 June 2020

  29. Slide 29: East and West Towers

    EAST AND WEST TOWERS June 2018 June 2019 June 2020 29 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000315 196801000315 (7916-A). (7916-A). AllReserved. All Rights Rights Reserved. 52nd AGM 22 June 2020

  30. Slide 30: Genting Plantations

    Plantation Agenda GENTING PLANTATIONS FY2019 Financial Highlights FY2019 Statistics Revenue EBITDA PBT CPO selling price PK selling price FFB output RM2.27 bn RM433mn RM185mn RM2,048/mt RM1,179/mt 2.2 million mt ↑19% 1% 11% 3% 30% 5% 3030 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad

  31. Slide 31: Growth Strategy

    Plantation Agenda GROWTH STRATEGY Replanting Programme Increasing Milling Capacity 2019 planted area - Malaysia Cemerlang Oil Mill Average palm age: Immature 11.5 years  5th oil mill in Indonesia, 22%  target to complete: 2H2020 159,183 ha Mature 78% 2020 2019 Cemerlang: 60 tph Replanted areas (ha

  32. Slide 32: Operational Efficiency

    Agenda OPERATIONAL EFFICIENCY Continuous adoption of latest technologies to improve efficiency Genting Plantations Mapping System A cloud based platform to digitalise Genting Plantations’ land ownership and GPMS documentation Usage of drones Mapping, palm Facial Recognition counting and Attendance D

  33. Slide 33: Biotechnology

    Agenda BIOTECHNOLOGY Higher Yields from In-house Marker-Driven Planting Materials Continuous development On-going data Enhancing Plant Health through of intellectual property collection Sustainable Microbial Solutions • Collaboration with the • Established high throughput biggest global agriculture

  34. Slide 34: Property Sales Strategy

    Agenda PROPERTY SALES STRATEGY 2019: Inventories reduced by 42% 2020: Affordable pricing for broader market Property sales breakdown 2019: 2020: New launches, Genting Indahpura Raintree New launches - Genting Indahpura WIP, 33% Residences Phase 2 20% PROPERTY SALES Double-Storey Link Bungalows RMBJ

  35. Slide 35: Premium Outlets

    Agenda PREMIUM OUTLETS Improved performance with additional 45,000 sf leasable area in Johor Johor Premium Share of JV profit Outlets ® 60 GLA: 310,000 sq ft 50 No. of stores: 150 40 RM in million No. of visitors: >4 million 53% 7% 2019 new stores: 30 58% Prada, Bottega, Kenzo, Godiva, Outlet by Clu

  36. Slide 36: Power Generation and Oil & Gas

    Agenda Las Vegas Convention Centre POWER GENERATION AND OIL & GAS FY2019 Financials Highlights Revenue Adjusted EBITDA RM1.38bn RM0.67bn ↓1% ↓8% POWER OIL & GAS Banten Power Plant, Java, Indonesia Chengdaoxi Block, China 36 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000315 19

  37. Slide 37: Banten Power Plant

    Agenda– BANTEN POWER PLANT Las Vegas Convention Centre INDONESIA South Sumatera West Java  660MW coal-fired power plant in Banten, West Java, Indonesia; indirect 55% equity interest  High Availability of 99.17% vs 80% required under the power purchase agreement  On 29 January 2019, the project su

  38. Slide 38: Banten Power Plant Awards

    Agenda– BANTEN POWER PLANT Las Vegas Convention Centre INDONESIA  “Environmentally Friendly Company (Graded as Good)” – 3rd consecutive year, awarded by the Serang Regional Municipal, Indonesia  “Refinancing Deal of the Year 2019” – awarded by Project Finance International  “Best New Bond (Indone

  39. Slide 39: China – Meizhou Wan Power Plant

    Agenda CHINA - Meizhou WAN Wan POWERPower PLANT Plant Las Vegas Convention Centre CHINA – MEIZHOU  49% owned Meizhou Wan Phase I and II  In April 2019, Meizhou Wan Power Plant Phase I Phase II Phase I & II were merged into a single project company - SDIC Genting Meizhou Wan Electric Power Company

  40. Slide 40: India – Jangi Wind Farm

    Agenda Achievements in China Las Vegas Convention Centre INDIA – JANGI WIND FARM  Wholly-owned 92MW Jangi wind farm in state of Gujarat, India  Genting Energy’s first renewable project – relies only on natural wind power to generate electricity.  Does not produce any atmospheric emissions.  Cons

  41. Slide 41: Indonesia – Kasuri Block

    Agenda Achievements in China Las Vegas Convention Centre INDONESIA – KASURI BLOCK  Kasuri block is located in West Papua, Irian Jaya  Drilled 10 wells, extensive 2D and 3D seismic carried out in 2019  POD 1 will utilise 1.7 tcf of Gas Initially In Place (“GIIP’’) in the Roabiba formation in the A

  42. Slide 42: China – Chengdaoxi Oil Field

    CHINA – CHENGDAOXI OIL FIELD  Positive performance in 2019  Delivered 2.8 million barrels of oil in 2019 (similar to 2018)  Production cost per barrel being kept low  Plan to drill 3 new wells in 2020 42 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000315 196801000315 (7916

  43. Slide 43: Looking Ahead – Key Challenges

    LOOKING AHEAD KEY CHALLENGES UNPRECEDENTED & CHALLENGING TIMES : FOCUS:  The COVID-19 pandemic and preventive  Implementation of aggressive cost control measures taken have placed significant pressure measures to continue across all operating on economies worldwide entities  Tourism, leisure & ho

  44. Slide 44: Looking Ahead – Updates

    LOOKING AHEAD UPDATES RESORTS WORLD GENTING RESORTS WORLD SENTOSA  Reopened on 19 June 2020 with enhanced safety measures in place  Resumed dine-in services at some restaurants from 19 June 2020  New outdoor theme park, to be named “Genting SkyWorlds”, is  Other guest offerings remain suspended

  45. Slide 45: Reply to Pre-submitted Questions from Shareholders, including MSWG

    52nd ANNUAL GENERAL MEETING REPLY TO PRE-SUBMITTED QUESTIONS FROM THE SHAREHOLDERS, INCLUDING MINORITY SHAREHOLDERS WATCH GROUP (“MSWG”) 45 Copyright©©2020 Copyright 2020 Genting Genting Berhad Berhad 196801000315 196801000315 (7916-A). (7916-A). AllReserved. All Rights Rights Reserved. 52nd AGM 22

  46. Slide 46: MSWG Questions Part 1: Question 1

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 1: The Group profit before tax increased to RM4,582.6 million in FY 2019 from RM3,418.4 million in FY 2018 mainly due to a substantial decrease in impairment losses to RM404.6 million in FY 2

  47. Slide 47: MSWG Questions Part 1: Question 2

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 2: The ongoing development of the new outdoor theme park in Resorts World Genting is approaching the final stages and Genting Malaysia remains focused on its timely completion. Genting Malays

  48. Slide 48: MSWG Questions Part 1: Question 3

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 3: Over the past decade, the Group has invested in life science and biotechnology companies that are involved in various stages of research and development (“R&D”) for new treatments and new

  49. Slide 49: MSWG Questions Part 1: Question 4

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 4: In the field of renewable energy, the Group has invested in Elevance Renewable Sciences, a company that utilises a Nobel Prize winning metathesis technology to create specialty chemicals f

  50. Slide 50: MSWG Questions Part 1: Question 5

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 5: In Indonesia, Genting Energy has a 55% stake in the 660-megawatt supercritical coal-fired Banten power plant (Phase I) which commenced operation in 2017. It continued to achieve more than

  51. Slide 51: MSWG Questions Part 1: Reply to Question 5

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Net generation Reply to Question 5: Afa % gWh 2019 4,226 91.6 2018 4,270 88.7 (45) -1.04% Banten power plant has a take-or-pay Power Purchase Agreement. As long as the plant is available annually to t

  52. Slide 52: MSWG Questions Part 1: Question 6

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 6: Despite higher average oil prices achieved in 2019, revenue from the Oil & Gas Division decreased mainly due to lower production. (Page 30 of AR) What was the amount of production in 2019

  53. Slide 53: MSWG Questions Part 1: Question 7

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 7: The Group has recognised an impairment loss of RM284.8 million of its investment in a life sciences company due to the adverse performance of its business activities, on the basis that the

  54. Slide 54: MSWG Questions Part 1: Question 8

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 8: Impairment losses and write-off of receivables increased from RM168.8 million in FY 2018 to RM312.6 million in FY 2019. (Page 134 of AR) What were the reasons for such a substantial increa

  55. Slide 55: MSWG Questions Part 1: Question 9

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 9: Given the Covid-19 pandemic, how is the Group preparing itself to face the new business landscape? Reply to Question 9: The ‘new normal’ of coexisting with the pandemic will see GENM Group

  56. Slide 56: MSWG Questions Part 1: Question 10

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 1: STRATEGY & FINANCIAL MATTERS Question 10: How does the Group plan to address the downward pressure on operating performance especially the bottom-line performance? Reply to Question 10: In response to the challenging conditions c

  57. Slide 57: MSWG Questions Part 2: Corporate Governance, Question 1

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 2: CORPORATE GOVERNANCE MATTERS Question 1: At the Group level, the total CEO’s remuneration has decreased (17.5%) from RM183.07 million in FY 2018 to RM151.09 million in FY 2019. Similarly, at the Company level, the quantum has dec

  58. Slide 58: MSWG Questions Part 2: Reply to Question 1

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 2: CORPORATE GOVERNANCE MATTERS Reply to Question 1: In response to the comments on the CEO’s remuneration, we would like to highlight the following points:  The Chairman and Chief Executive succeeded his late father, the Founder,

  59. Slide 59: MSWG Questions Part 2: Question 2

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 2: CORPORATE GOVERNANCE MATTERS Question 2: Practice 4.5 of Malaysian Code on Corporate Governance (MCCG) stipulates that the board discloses in its annual report the company’s policies on gender diversity, its targets and measures

  60. Slide 60: MSWG Questions Part 2: Question 3

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM MSWG: PART 2: CORPORATE GOVERNANCE MATTERS Question 3: Practice 4.6 of MCCG stipulates that in identifying candidates for appointment of directors, the board does not solely rely on recommendations from existing board members, management or ma

  61. Slide 61: Pre-submitted Questions from Shareholders: Administrative, Outlook

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS: 1. ADMINISTRATIVE MATTERS We have received questions from shareholders pertaining to requests for vouchers for attending the AGM. Kindly be informed that since this meeting is being conducted on a fully virtual basis, there will

  62. Slide 62: Pre-submitted Questions from Shareholders: Corporate Finance

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS: 3. CORPORATE FINANCE MATTERS We have received questions from shareholders pertaining to any need for Genting Berhad to do capital and fund raising exercises to reduce borrowings, refinance or restructure the company. We continuou

  63. Slide 63: Shareholder Questions: Investment Matters, Japan IR

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS: 4. INVESTMENT MATTERS Question 1: Is Japan Integrated Resort project practical, as even Las Vegas Sands has also withdrawn from it? What are Genting's strengths in the bid? Reply to Question 1: • Japan is possibly one of the last

  64. Slide 64: Shareholder Questions: Investment Matters, Miami

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS: 4. INVESTMENT MATTERS Question 2: What are Genting's plans in Miami? Reply to Question 2: Genting Malaysia has various land and buildings in Miami, including the Miami Hilton Hotel and is looking at various opportunities to enhan

  65. Slide 65: Shareholder Questions: Resorts World Las Vegas

    52nd ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS: 4. INVESTMENT MATTERS Question 3: What are Resorts World Las Vegas' strengths in Las Vegas' highly competitive environment? Does Genting plan to list Resorts World Las Vegas on US stock market? Reply to Question 3: Resorts World

  66. Slide 66: End of CFO Presentation – Disclaimer

    52nd ANNUAL GENERAL MEETING End of CFO Presentation Disclaimer Some of the statements made in this presentation which are not statements of historical facts are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the di

Genting Berhad — Shareholder Meeting (June 2020) on 6ix