Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — Investor Presentation (November 2015)
39 slides from Century Casinos's investor presentation, November 2015
Slide 1: Corporate Presentation
CORPORATE PRESENTATION ! Peter Hoetzinger Co Founder, Co CEO & President November 2015 1
Slide 2: International Casino and Entertainment Company
International Casino and Entertainment Company! • Developer and operator of mid-market, mid-size casinos in regulated markets world-wide • Focus on entertainment with gaming and attractive non-gaming facilities " (urban casino resort concept) • Target markets include locals and tourists • 1,800 coop
Slide 3: International Diversification
International Diversification! Edmonton Calgary (2) Denver Poland (9) Colorado Springs Aruba Argentina Land-based casinos (16) Ship-based casinos (19) 8 3
Slide 4: Milestones
Milestones! • 1992 Company founded by Co CEOs Erwin Haitzmann and Peter Hoetzinger • 1993 First casino on cruise vessel • 1994 First casino in Colorado; Listing on NASDAQ • 2000 Casinos in South Africa (sold in 2009) • 2006 Market-entry Canada (Edmonton) • 2007 Market-entry Poland (33% stake in Casi
Slide 5: Overview Operations
Overview Operations! 5
Slide 6: Century Casino Central City
Century Casino Central City Near Denver, Colorado, USA Wholly Owned Opened in 2006 8 gaming tables, 492 gaming machines 2 restaurants, 1 bar 26 hotel rooms, 500 cars parking garage 6
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Slide 9: Century Casino Cripple Creek
Century Casino Cripple Creek Near Colorado Springs, Colorado, USA Wholly Owned Opened in 1994 6 gaming tables, 447 gaming machines 1 restaurant, 2 bars 21 hotel rooms, 300+ parking 9
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Slide 12: Century Casino Edmonton
Century Casino Edmonton In Edmonton, Alberta, Canada Wholly Owned Opened in 2006 35 gaming tables, 791 gaming machines 4 restaurants, 2 bars 26 hotel rooms, heated parking garage Showroom and comedy club 12
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Slide 15: Century Casino Calgary
Century Casino Calgary In Calgary, Alberta, Canada Wholly Owned Purchased 2010, renovated 2011 16 gaming tables, 529 gaming machines 1 restaurant, 4 bars Off-track horse betting parlor 1,100 seat showroom, 700+ parking 15
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Slide 17: Century Downs
Century Downs Just North of Calgary, Alberta, Canada 75% ownership, full management control Opened in April 2015 557 gaming machines, electronic tables Restaurant, lounge & bar, event venues 5.5 furlong (0.7 miles) racetrack Off-track horse betting parlor 17
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Slide 21: Century Bets
Century Bets! Exclusive license Southern Alberta, CA Pari-mutuel off-track horse betting network 16 off-track horse betting parlors 100+ racetracks worldwide under contract 21
Slide 22: Alberta
Alberta Well-balanced regulatory environment Limited number of casino licenses Above average propensity to gamble Population grew 27% in past ten years Lowest unemployment rate in Canada 22
Slide 23: Casinos Poland
Casinos Poland Nine casinos in major cities in Poland 66.6% ownership stake since April 2013 80 gaming tables, 500 gaming machines High-quality casinos in 4- and 5-star hotels Limited number of licenses Catering to international guests and locals 23
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Slide 26: Poland
Poland GDP annual growth forecasted between 3.5% and 2.3% from 2015 to 2030 2013 2014 2015 26
Slide 27: Aruba, Caribbean
Aruba, Caribbean The Casino in the Hilton Aruba Resort Long-term management agreement 12 gaming tables, 176 gaming machines Catering to international guests and locals 365 rooms and suites 27
Slide 28: Mendoza, Argentina
Mendoza, Argentina Minority stake in Mendoza Central SA Long-term consulting services agreement Main shareholders affiliates of UnoMedios MCE leases slots to Casino de Mendoza MCE receives 43% of slot revenue Potential to grow in Latin America 28
Slide 29: Cruise Vessels
Cruise Vessels Largest independent ship casino operator 18 casinos on luxury vessels 66 gaming tables, 500 gaming machines Maritime Labor Convention 2006 certified 29
Slide 30: Financial Results
Financial Results! 30
Slide 31: Income Statement
Income Statement! In USD millions Q3 2015 Q3 2014 Change Net Operating Revenue as reported (GAAP) 33.5 28.1 19% Unfavorable foreign currency impact vs. 2014 4.9 Constant Currency (non-GAAP)* 38.4 28.1 37% Adjusted EBITDA as reported 6.7 2.9 131% Unfavorable foreign currency impact vs. 2014 1.2 Const
Slide 32: Net Operating Revenue by Property
Net Operating Revenue by Property! In local currency, in millions Q3 2015 Q3 2014 Change Century Casino & Hotel Edmonton CAD 7.2 6.7 8% Century Casino Calgary 2.3 2.2 3% Century Downs Racetrack and Casino, Betting 6.4 N/A N/A Century Casino & Hotel Central City USD 4.4 4.0 9% Century Casino & Hotel
Slide 33: Adj. EBITDA by Property
Adj. EBITDA by Property! In local currency, in millions Q3 2015 Q3 2014 Change Century Casino & Hotel Edmonton CAD 2.8 2.5 13% Century Casino Calgary 0.2 0.2 - 29% Century Downs Racetrack and Casino, Betting 2.2 N/A N/A Century Casino & Hotel Central City USD 0.9 0.6 49% Century Casino & Hotel Cripp
Slide 34: Q3 2015 Results by Region
Q3 2015 Results by Region! Corporate Corporate and Other and Other* 3% 5% Canada Poland 36% 37% Poland 22% Canada 47% Net Operating ! Adj. Revenue! EBITDA! United States United 26% States 24% * Adjusted EBITDA for Corporate and Other represents our cruise ship, Aruba and Argentina agreements. 34
Slide 35: Net Operating Revenue per Quarter
Net Operating Revenue per Quarter! $40 $37,9 $35 $33,5 $31,6 $31,3 $30,4 $29,1 $29,4 $30 $28,3 $28,8 $28,1 $25 (in millions) $20 $18,0 $15 $10 $5 $0 Q1 Q2 Q3 Q4 2013 2014 2015 2013 2014 2015 2013 2014 2015 2013 2014 35
Slide 36: Net Debt to Adjusted EBITDA
Net Debt to Adjusted EBITDA! 4,0x 3,5x 3,0x 2,0x 1,1x 1,0x 0,5x 0,4x 0,0x -1,0x -1,0x -2,0x -1,5x -2,0x -3,0x -2,6x 2008 2009 2010 2011 2012 2013 2014 2015 * Net Debt is calculated as total debt minus cash and cash equivalents. Debt as of September 30, 2015 includes $3.5 million related to Casinos P
Slide 37: Outlook
Outlook! 37
Slide 38: Operational Trends and New Projects
Operational Trends and New Projects! • October produced the best-ever revenue for Century Casino Calgary • Slot revenue and EBITDA margin of Casinos Poland continue to grow • Off-track betting parlor expansion in Southern Alberta • Two new ship-casinos added to contract with TUI Cruises" (2,500 pass
Slide 39: Peter Hoetzinger
! Peter Hoetzinger! Co Founder, Co CEO & President " " peter.hoetzinger@cnty.com" USA: (719) 689 5813" Europe: + 43 664 355 3935 " 39
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