Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — ICR XChange Conference 2010
14 slides from Century Casinos's conference presentation, Jan 13, 2010
Slide 1: Company Presentation
Company Presentation Peter Hoetzinger Co CEO & President January 2010 1
Slide 2: Safe Harbor Disclosure
SAFE HARBOR DISCLOSURE 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 plac
Slide 3: Century Casinos at a Glance
Century Casinos at a Glance Gross Revenue Overview by Sources of Income We develop and operate casino resorts world-wide NASDAQ-listed since April 1994 Vienna Stock Exchange-listed since October 2005 We operate and hold stakes in 17 casinos on two continents and onboard cruise ships Senior
Slide 4: International Diversification – Risk Spread
International Diversification – Risk Spread Edmonton Calgary Colorado I Poland (8 casinos) Colorado II __________________________________________________________________________________________________ Areas of Management Experience before forming Century Current land-based Casinos (11 + 1
Slide 5: 2 Casinos in Colorado, USA
2 Casinos in Colorado, USA 962 slot machines SLOT MACHINES 100% on TITO system TABLE GAMES 13 table games HOTEL ROOMS 47 hotel rooms 3 restaurants, 4 bars, AMENITIES parking garage COMMENTS Net Operating Revenue up 4%, EBITDA up 8% (Q3/09 vs. Q3/08) Higher limits, more table games and 24 hrs operati
Slide 6: Edmonton, Alberta, Canada
Edmonton, Alberta, Canada SLOT MACHINES 667 slot machines TABLE GAMES 35 table games, 24-hr Poker HOTEL ROOMS 26 hotel rooms Heated parking garage, 400 seat AMENITIES showroom, 4 restaurants and bars, lounge with live music COMMENTS Limited number of casino licenses in Alberta – High barrier to entr
Slide 7: 33.3% stake in Casinos Poland Ltd.
33.3% stake in Casinos Poland Ltd. OWNERSHIP Owner and operator of 7 casinos and 1 slot casino in Poland GAMING 255 slot machines and 100 table games Casinos located in four and five star AMENITIES hotels in major cities throughout the country RESULTS & Limited number of casino licenses – POTENTIAL
Slide 8: Ship-based casinos
SLOT MACHINES 180 slot machines TABLE GAMES 23 table games COMMENTS Currently five ship-casinos in operation, four more (two from Oceania Cruises and two from TUI/RCCL Cruises) under contract Total passenger capacity will increase almost 3x (from currently 4.200 to approx. 12.000) Net Operating Reve
Slide 9: 3rd Quarter 2009 Performance and Current Cash Position
3rd Quarter 2009 Performance and Current Cash Position Net Operating Revenue $13.7 million, down 2% year-over-year, but up 15% from Q2 Corporate expenses reduced by another 10% (after an 18% reduction in Q2) Substantial majority of operating expense improvements are expected to be sustainable
Slide 10: Silver Dollar Casino – Calgary, Alberta, Canada
SILVER DOLLAR CASINO – CALGARY, ALBERTA, CANADA Casino including 504 slots, 15 VLT„s and 16 gaming tables (space available to almost double gaming positions) 38 lane bowling alley, two restaurants, 18,000 sft multi-purpose entertainment venue, 5,000 sft showroom/lounge, all on 7 acres of land in
Slide 11: Casino Calgary map
Casino Calgary Stampede Elbow River Silver Cash Dollar Grey Casino Eagle 11
Slide 12: Silver Dollar Casino – Calgary, Alberta, Canada
SILVER DOLLAR CASINO – CALGARY, ALBERTA, CANADA Purchase price US$10,650,000 (paid out of Century cash) Less than 50% of what previous owner paid two years ago Property value assessment (City of Calgary, July 2008): C$12,120,000 We intend to make significant improvements to the casino layout
Slide 13: Analysts' Comments about the Silver Dollar Acquisition
Analysts‘ Comments about the Silver Dollar Acquisition: „We believe this property could generate $3 mil to $5 mil in incremental EBITDA“ (NOTE 1: this would increase existing EBITDA of CNTY by between 35% and 60%) (NOTE 2: our casino in Edmonton generates approx. $8 mil in EBITDA) „We view this acqu
Slide 14: Investment Highlights
Investment Highlights Aggressive Operational Optimization Experienced Management Team Program to Increase Margins Very Strong Balance Sheet - High Barriers to Entry in Key Markets Net Cash Position even after of Alberta (Canada) and Poland Calgary Acquisition New Acquisition (Calgary) $15 million Sh