Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — DVFA 11. SCC Small Cap Conference 2013
27 slides from Century Casinos's conference presentation, Aug 27, 2013
Slide 1: Corporate Presentation
Corporate Presentation Peter Hoetzinger Co CEO & President August 27, 2013 – DVFA 11. SCC_ Small Cap Conference 2013
Slide 2: Safe Harbor Statement
Safe Harbor Statement Century Casinos, Inc. (the "Company") has prepared this presentation for the sole purpose of providing information relating to the Company. The content of this presentation is based on public information and on data provided by the Company's management. No reliance may be place
Slide 3: International Casino and Entertainment Company
International Casino and Entertainment Company § Developer and operator of mid-market, regional casinos in regulated markets world-wide § 26 casinos (approx. 3,150 gaming machines and 220 gaming tables): – 2 in USA (Colorado) – 2 in Canada (Alberta) – 1 in the Caribbean (Aruba) – 9 in Eastern Euro
Slide 4: International Casino and Entertainment Company
International Casino and Entertainment Company § Focus on entertainment with gaming and attractive non-gaming facilities (Urban Casino Resort concept) § Target markets include locals and tourists alike § 1,600 cooperators from 32 different nationalities, 51% female § Good corporate citizen: more
Slide 5: 20-year Track Record
20-year Track Record Sustainable Growth Prudent Expansion Strategy Net Operating Revenues in USD Mio. *) § 1992 Company foundation by Co CEOs 80 Erwin Haitzmann and Peter Hoetzinger § 1993 First casino on cruise vessel 70 § 1994 NASDAQ-listing and 60 first casino in Colorado 50 § 2005 Listing on
Slide 6: International Diversification
International Diversification Edmonton Calgary Denver Colorado Springs Eastern Europe (9 Casinos in Poland) Aruba Land-based Casinos (14) Ship-based Casinos (12) 6
Slide 7: Two Casinos in Colorado (USA)
Two Casinos in Colorado (USA) Hotel-Casinos near Denver and Colorado Springs, both wholly-owned Central City Cripple Creek Opening 2006 Opening 1993 12 Gaming Tables and 507 Gaming Machines (100% TITO) 6 Gaming Tables and 450 Gaming Machines (100% TITO) 26 Hotel rooms, 500 car parking garage 21 Hote
Slide 8: Two Casinos in Alberta (Canada)
Two Casinos in Alberta (Canada) Casinos in major metropolitan areas of Canada, both wholly-owned Calgary Edmonton Opening 2010 Opening 2006 16 Gaming Tables and 529 Gaming Machines (100% TITO) 35 Gaming Tables and 757 Gaming Machines (100% TITO) Extensive surface parking available 26 Hotel rooms, he
Slide 9: Nine Casinos in Poland, Europe
Nine Casinos in Poland, Europe Casinos Poland Ltd. – Nine Casinos in Major Cities of Poland 66.66% Controlling Stake in Polish Market Leader (45% market share) 33.33% stake since 2007, increased to 66.66% in April 2013 for approx. USD 6.8 million (ca. 4.5 x EBITDA) High-quality casinos in 4- and 5-s
Slide 10: Casino Aruba
Casino Aruba Casino in Radisson Hotel & Spa Resort Aruba Long-term Management Agreement Re-opening under Century Casinos‘ Management in 2010 355 rooms and suites, various restaurants and bars, conference and spa facilities 16 Gaming Tables and 200 Gaming Machines for international tourists, guests f
Slide 11: 12 Casinos on Cruise Vessels
12 Casinos on Cruise Vessels Largest Independent Operator of Casinos onboard luxury Cruise Vessels Casinos wholly-owned and operated under casino concession agreements 55 Gaming Tables and 425 Gaming Machines Opportunistic approach towards cruise lines with affluent passenger mix 11
Slide 12: Financials
Financials
Slide 13: Sustainable Growth
Sustainable Growth Net Operating Revenue 2010-2012 Net Earnings 2010-2012 in USD Mio. in USD Mio. 74 5 72 70 4 68 66 3 64 62 2 60 58 1 56 54 0 2010 2011 2012 2010 2011 2012 13
Slide 14: Financial Results 1.H 2013 vs. 1.H 2012
Financial Results 1.H 2013 vs. 1.H 2012 Net Opera+ng Revenue $ 46.3 Million + 31% Adj. EBITDA $ 7.1 Million + 26% Earnings from Opera+ons $ 4.1 Million + 26% Net Earnings $ 5.3 Million + 133% Earnings per Share $ 0.22 + 120% Net Cash $ 11.8 Million 14
Slide 15: Net Operating Revenue
Net Operating Revenue $30 $28,3 $25 $20 $18,7 $18,0 $18,0 $17,8 $18,1 $17,6 $17,7 $17,1 $17,6 (in millions) $16,0 $15,6 $14,9 $15 $14,1 $10 $5 $0 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2010 2011 2012 15
Slide 16: Adjusted EBITDA
Adjusted EBITDA $4,0 $3,9 $3,5 $3,2 $3,1 $3,0 $2,9 $2,8 $2,8 $2,8 $2,5 $2,4 (in millions) $2,5 $2,3 $2,1 $2,0 $2,0 $2,0 $1,5 $1,4 $1,0 $0,5 $0,0 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2010 2011 2012 16
Slide 17: Earnings per Share
Earnings per Share $0,16 $0,15 $0,14 $0,12 $0,10 $0,08 $0,07 $0,06 $0,06 $0,05 $0,05 $0,05 $0,04 $0,03 $0,03 $0,03 $0,03 $0,02 $0,02 $0,01 $0,01 $0,00 Q1 -$0,01 Q2 Q3 Q4 -$0,02 2010 2011 2012 2013 2010 2011 2012 2013 2010 2011 2012 2010 2011 2012 17
Slide 18: Geographical Diversification
Geographical Diversification Net Opera)ng Revenue Adjusted EBITDA Ships & Aruba Ships & Aruba 6% 4% Edmonton 22% Casinos Poland Casinos Poland 21% 38% Edmonton 41% Calgary 7% Cripple Creek Central City 15% 16% Cripple Creek Central City Calgary 11% 15% 4% 18
Slide 19: Debt / Adj. EBITDA
Debt / Adj. EBITDA 5x 4,5x 4x 3x 2,1x 2x 1,7x 1,4x 1x 0,9x 0,3x 0x 2008 2009 2010 2011 2012 TTM 19
Slide 20: Outlook
Outlook
Slide 21: Casinos Poland Ltd.
Casinos Poland Ltd. § We have controlling ownership (66.6%) since April 2013 § Targets for next few quarters: – Optimization of operating procedures – Analysis of smaller, weaker operations and possibly move locations – Improve operating margins (currently 10% only) § New gaming law provides for
Slide 22: Casino on new TUI Cruises Ship
Casino on new TUI Cruises Ship § TUI Cruises is a joint venture between Royal Caribbean Cruises and TUI Travel Germany § Currently two luxurious 1,900-guest ships (Mein Schiff 1, Mein Schiff 2) in service, with focus on the European premium all inclusive cruise market § Mein Schiff 3, a new 2,500
Slide 23: Application for Casino-License in Vienna, Austria
Application for Casino-License in Vienna, Austria § Three new casino licenses available in the Vienna metro area § „Urban Casino Resort“ concept a first for Vienna § Existing hotel Intercontinental will be renovated, 400 rooms, parking garage, congress- and event facilities, spa, restaurants § H
Slide 24: Calgary Racino Project United Horsemen of Alberta
Calgary Racino Project United Horsemen of Alberta § Only horse race track in Calgary, rights to slot-casino license (moratorium in place, but this license is grandfathered in, last one available in any Alberta metro area). 15% 25,75% of slot win. § Total project cost ca. $24m, final funding struct
Slide 25: Calgary Racino Project United Horsemen of Alberta
Calgary Racino Project United Horsemen of Alberta § In position to capture north, north east and affluent north west Calgary markets § On Queen Elisabeth II highway, one of the most heavily used highways in Western Canada, connecting Calgary and Edmonton § Next to CrossIron Mills (a 1.4 mil sft r
Slide 26: Summary
Summary § Internationally diversified portfolio, profitable and growing despite difficult economy § Market leader in Poland and on luxury cruise vessels § One of the healthiest balance sheets in the industry (net cash of $11.8 million) § $27 million credit line with BMO at 3.9% (currently / floa
Slide 27: Thank You!
o u ! Tha nk Y CONTACT INFORMATION Peter Hoetzinger Co CEO & President peter.hoetzinger@cnty.com US: + 1 (719) 689 5813 Europe: + 43 664 355 3935
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