Star Entertainment Group Limited · ASX:SGR
Star Entertainment — Shareholder Meeting (October 2020)
20 slides from Star Entertainment's shareholder meeting presentation, Oct 22, 2020
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING THURSDAY 22 OCTOBER 2020 The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 2: Our Board of Directors
OUR BOARD OF DIRECTORS JOHN O’NEILL MATT BEKIER GERARD BEN HEAP AO Managing BRADLEY Non Executive Chairman and Director and Non Executive Director Non Executive Chief Executive Director Director Officer KATIE LAHEY SALLY PITKIN RICHARD AM Non Executive SHEPPARD Non Executive Director Non Executive D
Slide 3: Annual General Meeting – Chairman
ANNUAL GENERAL MEETING THURSDAY 22 OCTOBER 2020 John O’Neill AO, Chairman The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 4: Highlights
HIGHLIGHTS ♦ Normalised NPAT +15.6%, EBITDA +12.1%, revenue +7.5% STRONG EARNINGS ♦ Domestic EBITDA +8.3% GROWTH PRE- COVID19 ♦ Sydney and Queensland EBITDA margin expansion 4
Slide 5: Key Milestones
KEY MILESTONES SOLID DOMESTIC EARNINGS ♦ Entered into a new gaming tax agreement with the NSW GROWTH PRE- Government and secured casino EGM exclusivity to FY2041 COVID19 ♦ Agreed to termination of the second casino licence process on the Gold Coast with no requirement for additional capital KEY MILE
Slide 6: COVID-19
COVID-19 SOLID DOMESTIC EARNINGS GROWTH PRE- COVID19 ♦ Took immediate action to safeguard team members and customers across the Group RAPID AND ♦ Secured $200m of additional liquidity and covenant waivers for DECISIVE the June 2020 test date RESPONSE TO COVID-19 ♦ Preserved cash through reduced oper
Slide 7: South-East Queensland Investments
SOUTH-EAST QUEENSLAND INVESTMENTS Concept Image Only Concept Image Only QUEEN’S WHARF BRISBANE THE STAR GOLD COAST 7
Slide 8: The 2020 Financial Year Results
THE 2020 FINANCIAL YEAR RESULTS FY2020 GROUP PERFORMANCE NORMALISED STATUTORY HIGHLIGHTS $M VS PCP (%) $M VS PCP (%) GROSS REVENUE 1,973 21.1 1,749 30.4 EBITDA1 430 22.8 282 49.0 NPAT2 121 46.0 (-95) 147.8 ♦ Strong performance prior to COVID-19 (July 2019 to February 2020 vs pcp3), ♦ FY2020 results
Slide 9: Annual General Meeting – CEO
ANNUAL GENERAL MEETING THURSDAY 22 OCTOBER 2020 Matt Bekier, Managing Director and CEO The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 10: Our People
OUR PEOPLE 10
Slide 11: Our Response to COVID-19
OUR RESPONSE TO COVID-19 ♦ Launched the “Star Offers Support” financial hardship program with payments to over 600 staff ($3m) OUR PEOPLE OUR PEOPLE ♦ Paid 2 weeks of pandemic leave ($18m) to impacted staff ♦ Incorporated COVID-Safe practices into existing workplace health and safety policies ♦ Intr
Slide 12: The Star Sydney – Sovereign Room
THE STAR SYDNEY – SOVEREIGN ROOM 12
Slide 13: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE OCTOBER 2019 OCTOBER 2020 13
Slide 14: The Star Gold Coast Development
THE STAR GOLD COAST DEVELOPMENT OCTOBER 2019 OCTOBER 2020 14
Slide 15: Our Achievements
OUR ACHIEVEMENTS >50% portfolio with environmental ratings, 90% by 2022 THE DARLING SYDNEY #1 20,000L water saved daily at The Star Sydney DJSI ‘GLOBAL FORBES 5 STAR RATING LEADER’ CASINO AND 2017 / 2018 / 2019 / 2020 Sydney’s only hotel to receive the GAMING INDUSTRY Over 100 initiatives completed
Slide 16: Our Strategy Is Unchanged
OUR STRATEGY IS UNCHANGED DELIVER ON ♦ Leverage improved capabilities OPERATING MODEL ♦ Retain efficiencies from cost management ♦ Queen’s Wharf Brisbane DELIVER ON ♦ Gold Coast masterplan INVESTMENT STRATEGY ♦ Sydney long-term developments ♦ Chow Tai Fook/ Far East Consortium partnership 16
Slide 17: Our Priorities for the 2021 Financial Year
OUR PRIORITIES FOR THE 2021 FINANCIAL YEAR ♦ Post COVID-19 earnings recovery underway – focus on local markets OPERATIONS ♦ Preparation for Sydney competition – new Sovereign PGR, loyalty program upgrade ♦ Operating expenses under review ♦ Debt reduction initiatives underway through cash preservatio
Slide 18: Group Year to Date Trading Update
GROUP YEAR TO DATE TRADING UPDATE ♦ Trading update for the period from 1 July 2020 to 15 October 2020 • Group domestic gaming revenue ~75% of pcp with group domestic revenue ~70% of pcp on reduced capacity at all properties ‒ The Queensland properties have traded strongly with domestic gaming revenu
Slide 19: Basis of Preparation and Non-IFRS Information
THE STAR ENTERTAINMENT GROUP LIMITED (ASX: SGR) BASIS OF PREPARATION AND NON-IFRS INFORMATION ♦ Information in this presentation is provided as at the date of the presentation unless specified otherwise. It should be read in conjunction with The Star Entertainment Group Limited’s financial report fo
Slide 20: Annual General Meeting
ANNUAL GENERAL MEETING THURSDAY 22 OCTOBER 2020 The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
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