Monarch Casino & Resort, Inc. · NASDAQ:MCRI
Monarch Casino & Resort — Shareholder Meeting (June 2025)
24 slides from Monarch Casino & Resort's shareholder meeting presentation, Jun 6, 2025
Slide 1: Annual Stockholders' Meeting
Annual Stockholders’ Meeting June 6, 2025
Slide 2: Forward Looking Information
Forward Looking Information This presentation contains certain forward-looking information that generally can be identified by the context of the statement or the use of forward-looking terminology, such as “believes,” “estimates,” “anticipates,” “intends,” “expects,” “plans,” “is confident that,” “
Slide 3: Monarch Casino & Resort, Inc. (MCRI) Property Highlights
Monarch Casino & Resort, Inc. (MCRI) Property Highlights Prime locations and assets • Atlantis Casino Resort Spa is located in south Reno, three miles south of downtown, a more affluent area, and connected by a bridge to the Reno-Sparks Convention Center • Monarch Casino Resort Spa is the first prop
Slide 4: Company History
Company History 2008 Phase IV – Atlantis 1991 1999 • Expansion of the 2023 Phase I – Atlantis 1994 Phase III - Atlantis casino including: Atlantis • First high-rise 1993 Phase II - Atlantis • Third high-rise tower • Large race and • ~61,000 square feet of tower opens Initial Public • Second high-ris
Slide 5: Atlantis Casino Resort Spa Reno
Atlantis Casino Resort Spa Reno
Slide 6: Atlantis Overview
Atlantis Overview Award-winning facility • U.S. News & World Report (2025): Best USA Hotels Gold Badge – No. 1 hotel in Reno • AAA (2025): “Four Diamond” rating for 14th consecutive year • TripAdvisor (2025): Rated #1 Reno resort for 11 consecutive years with 4 of our restaurants consistently ranked
Slide 7: Fast-Growing Reno Metro Market
Fast-Growing Reno Metro Market Washoe County Population of ~500,000 • Reno-Sparks population grew 4.6% since the 2020 census (national average: 2.6%) • 2023 per capita personal income for the Reno metro area was 17% higher than the national average ($81,358 vs. $69,415) • Gaming environment remains
Slide 8: Atlantis' Prime Location
Silver Legacy Circus Circus Rail City Western Village Ramada Reno Atlantis’ Prime Location Downtown Nugget Eldorado Club Cal Neva Baldini’s Ideally located in the heart of south Reno’s restaurant, shopping Grand Sierra and convention district Boomtown Reno, Gold Dust West & J • ~3 miles south of dow
Slide 9: Monarch Casino Resort Spa Black Hawk
Monarch Casino Resort Spa Black Hawk
Slide 10: Monarch Black Hawk Overview
Monarch Black Hawk Overview Amenities include: • 23-story luxurious tower with 516 hotel rooms (20% suites) • ~60,000 square foot casino • ~1,050 slot machines • ~43 table games • 16 poker tables • Keno • Company managed retail and online sports book • World-class spa and pool facility on the top fl
Slide 11: Slide 11
Slide 12: Black Hawk-Central City Market
50-mile radius Black Hawk-Central City Market Market consists of: • ~21 casinos • ~7,669 slot machines Boulder • ~175 table games • ~49 poker tables • ~1,651 hotel rooms spread across seven gaming facilities Black Hawk Denver Population of ~3 million within a 50-mile radius of Black Hawk Vail • Popu
Slide 13: Prime Property Location
Slot count Z Casino > 600 300 to 600 Sasquatch Bull Durham < 300 Prime Property Location Saratoga Gilpin Wild Card Saloon Red Dolly Ameristar First property encountered by visitors arriving from Denver and Monarch The Lodge Casino Resort other major population centers via Highway 119 Bally’s North S
Slide 14: Denver Metro Area Provides Significant Air Traffic to Las Vegas
Denver Metro Area Provides Significant Air Traffic to Las Vegas Denver is the seventh largest feeder market to Las Vegas Source: Las Vegas Convention and Visitors Authority
Slide 15: Growth Initiatives
Growth Initiatives
Slide 16: Organic Growth Opportunities
Organic Growth Opportunities Monarch Casino Resort Spa • Colorado Amendment 77, passed in 2020, eliminated betting limits creating an opportunity for additional expansion of the VIP market in the Front Range Atlantis Casino Resort Spa • Ongoing capital investments at the property to maintain competi
Slide 17: Other Growth Opportunities
Other Growth Opportunities Substantial free cash flow generation following the completion of the Black Hawk development Company continually evaluates potential M&A with a focus on: • Leveraging development expertise and operational excellence to maximize ROI • Key criteria for target markets is regu
Slide 18: Financial Results
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Slide 19: Historical Financial Performance
Historical Financial Performance $600 Acquired Colorado Monarch Black Hawk 40% gaming license starts phased opening April 2012 November 2020 35% $500 30% $400 25% $ in millions $300 20% 15% $200 10% $100 5% $0 0% 1Q25 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LT
Slide 20: Historical Net Leverage Ratio
Historical Net Leverage Ratio Net Leverage Ratio 4.0x 3.5x 3.5x 3.0x Total Net Debt/LTM Adjusted EBITDA1 2.5x 2.2x 2.0x 1.7x 1.5x 1.3x 1.1x 1.0x 0.7x 0.5x 0.6x 0.5x 0.4x 0.4x 0.4x 0.0x 0.0x -0.1x -0.2x -0.2x -0.5x -0.3x -0.4x -1.0x 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202
Slide 21: Income Statement Overview
Income Statement Overview Three Months Ended March 31, $ in 000's, except per share data 2025 2024 Increase and percentages Net Revenue $125,394 $121,657 3.1% Net Income $19,864 $18,275 8.7% Adjusted EBITDA(1) $41,131 $38,548 6.7% Basic EPS $1.08 $0.95 13.7% Diluted EPS $1.05 $0.93 12.9% 1. Definiti
Slide 22: Balance Sheet Overview
Balance Sheet Overview $ in 000's March 31, 2025 December 31, 2024 • In December 2024, the Company entered into a Sixth Amended and Restated Credit Agreement Cash and cash equivalents $75,090 $58,760 with a revolving line of credit of $100 million Property and equipment, net $581,696 $575,287 • Mona
Slide 23: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Three Months Ended March 31, $ in 000's 2025 2024 Net income $19,864 $18,275 Expenses: Stock based compensation 2,127 1,778 Depreciation and amortization 13,215 12,487 Provision for income taxes 5,770 5,542 Interest income, net (316) (7) Construction litigation expense
Slide 24: Monarch Casino & Resort, Inc. 2025 Annual Stockholders' Meeting
Monarch Casino & Resort, Inc. 2025 Annual Stockholders’ Meeting
Monarch Casino & Resort — Shareholder Meeting (June 2025) on 6ix