Star Entertainment Group Limited · ASX:SGR
Star Entertainment — The Star Entertainment Group — Shareholder Meeting (November 2018)
24 slides from Star Entertainment's shareholder meeting presentation, Nov 1, 2018
Slide 1: Annual General Meeting Thursday 1 November 2018
For personal use only ANNUAL GENERAL MEETING THURSDAY 1 NOVEMBER 2018 The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 2: Chairman's address: John O'Neill AO
For personal use only ANNUAL GENERAL MEETING THURSDAY 1 NOVEMBER 2018 John O’Neill AO, Chairman The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 3: The Star Gold Coast
THE STAR GOLD COAST For personal use only The Star Gold Coast 3
Slide 4: Our Board of Directors
OUR BOARD OF DIRECTORS JOHN O’NEILL MATT BEKIER GERARD BEN HEAP For personal use only AO Managing BRADLEY Non Executive Chairman and Director and Non Executive Director Non Executive Chief Executive Director Director Officer KATIE LAHEY SALLY PITKIN RICHARD ZLATKO AM Non Executive SHEPPARD TODORCEVS
Slide 5: FY2018 Financial Performance
FY2018 FINANCIAL PERFORMANCE For personal use only $2,580 $588 $258 20.5 MILLION MILLION MILLION CENTS RECORD STATUTORY RECORD RECORD RECORD FULL GROSS REVENUE NORMALISED EBITDA NORMALISED NPAT YEAR DIVIDEND STATUTORY GROSS NORMALISED NORMALISED NPAT FULL YEAR REVENUE ($M) EBITDA ($M) ($M) DIVIDEND
Slide 6: Enhanced Strategic Partnership
ENHANCED STRATEGIC PARTNERSHIP For personal use only The Star Gold Coast Masterplan – Concept Image Only Queen’s Wharf Brisbane – Concept Image Only The Star Sydney – Concept Image Only Sheraton Grand Mirage Gold Coast 6
Slide 7: Our Vision
OUR VISION For personal use only BRAND • • THRILLING EXPERIENCES ACCESSIBLE LUXURY PILLARS • LOCAL SPIRIT • SHAREHOLDER VALUE • WORLD CLASS PROPERTIES TO BE PRIORITIES • LEADERSHIP IN LOYALTY AUSTRALIA’S • • EXCELLENCE IN GUEST SERVICE TALENTED TEAMS LEADING INTEGRATED • OWNERSHIP RESORT • TRUE TEAM
Slide 8: CEO's address: Matt Bekier
For personal use only ANNUAL GENERAL MEETING THURSDAY 1 NOVEMBER 2018 Matt Bekier, Managing Director and CEO The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 9: The Darling Gold Coast
THE DARLING GOLD COAST For personal use only The Darling Gold Coast 9
Slide 10: The Darling Gold Coast
THE DARLING GOLD COAST For personal use only The Darling Gold Coast 10
Slide 11: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE For personal use only Queen’s Wharf Brisbane 11
Slide 12: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE For personal use only Queen’s Wharf Brisbane - Waterline Park, Bicentennial Bikeway – Concept Image Only 12
Slide 13: The Star Gold Coast
THE STAR GOLD COAST For personal use only The Star Residences Gold Coast – Concept Image Only 13
Slide 14: The Star Gold Coast
THE STAR GOLD COAST For personal use only The Star Gold Coast Masterplan – Concept Image Only 14
Slide 15: The Star Sydney
THE STAR SYDNEY For personal use only The Star Sydney Development – Concept Image Only 15
Slide 16: The Star Sydney
THE STAR SYDNEY For personal use only The Star Sydney Sovereign Room Development – Concept Image Only 16
Slide 17: Our Award Winning Properties
OUR AWARD WINNING PROPERTIES For personal use only THE STAR #1 THE DARLING SYDNEY THE DARLING GOLD COAST WINNER BEST DJSI ‘GLOBAL LEADER’ GOLD COAST FORBES 5 STAR RATING WINNER BEST DELUXE REDEVELOPED CASINO AND GAMING 2017 / 2018 ACCOMMODATION 2018 ACCOMMODATION INDUSTRY Sydney’s only hotel to rece
Slide 18: The 2018 Financial Year Results
THE 2018 FINANCIAL YEAR RESULTS FY2018 GROUP PERFORMANCE NORMALISED STATUTORY For personal use only HIGHLIGHTS $M VS PCP (%) $M VS PCP (%) GROSS REVENUE 2,695 15.3 2,580 6.1 EBITDA 588 14.2 484 19.2 NPAT 258 20.3 148 44.0 ♦ Record normalised and statutory Gross Revenue, record normalised EBITDA ♦ Hi
Slide 19: International VIP Business
INTERNATIONAL VIP BUSINESS #1 LARGEST VIP BUSINESS IN For personal use only AUSTRALIA AND NEW ZEALAND $61.2 $4.7 BILLION BILLION INTERNATIONAL VIP INTERNATIONAL VIP REBATE TURNOVER REBATE FRONT MONEY UP 54.3% UP 36.4% $827 $712 MILLION MILLION INTERNATIONAL VIP INTERNATIONAL VIP REBATE NORMALISED RE
Slide 20: The 2018 Financial Year Results
THE 2018 FINANCIAL YEAR RESULTS $m For personal use only 282.0 217.0 21.8% EBITDA 22.0% margin EBITDA 67.4 margin 599.7 84.6 48.0 588.1 103.7 27.4 515.1 484.4 +14.2% on pcp - FY2017 International FY2017 Sydney Queensland International Gaming taxes, Operating FY2018 International FY2018 Statutory VIP
Slide 21: Group Year to Date Trading (Unaudited)
GROUP YEAR TO DATE TRADING (UNAUDITED) ♦ For the period from 1 July to 21 October 2018, group domestic revenue is up 6.7% on pcp For personal use only • Similar levels of growth in Sydney and Queensland • Positive customer response to intermediate Sovereign Room in Sydney with revenue growth exceedi
Slide 22: Our Priorities for the 2019 Financial Year
OUR PRIORITIES FOR THE 2019 FINANCIAL YEAR Our priorities for the 2019 financial year are clear For personal use only 1 Improve earnings across the Group 2 Deliver the next stage of our capital plans 3 Ensure we maximise the opportunity to leverage the network Chow Tai Fook and Far East Consortium b
Slide 23: Our People
OUR PEOPLE For personal use only $12+ MILLION CONTRIBUTION TO COMMUNITY GROUPS, CHARITABLE ORGANISATIONS AND PARTNERSHIPS 8,000+ TEAM MEMBERS ACROSS OUR PROPERTIES IN FY2018 23
Slide 24: Thank you for joining us today
For personal use only ANNUAL GENERAL MEETING THURSDAY 1 NOVEMBER 2018 Thank you for joining us today
The Star Entertainment Group — Shareholder Meeting (November 2018) on 6ix