Skycity Entertainment Group Limited · NZX:SKC
Skycity Entertainment — UBS Investor Conference 2018
14 slides from Skycity Entertainment's conference presentation, Nov 12, 2018
Slide 1: UBS Investor Conference presentation cover letter to NZX and ASX
12 November 2018 For personal use only Client Market Services NZX Limited Level 1, NZX Centre 11 Cable Street WELLINGTON Copy to: ASX Market Announcements Australian Stock Exchange Exchange Centre Level 6 20 Bridge Street Sydney NSW 2000 AUSTRALIA RE: SKYCITY ENTERTAINMENT GROUP LIMITED (SKC) UBS IN
Slide 2: UBS Investor Conference Investor Presentation
UBS Investor SKYCITY Conference Entertainment For personal use only Investor Group Limited Presentation 12 November 2018
Slide 3: FY18 key achievements
FY18 − key achievements For personal use only Record financial performance Improved operational +10.4% in normalised NPAT performance at all properties Completed refresh of Successfully progressed group strategy key strategic initiatives Increased focus on CSR Board and management focused on initiat
Slide 4: Refreshed group strategic plan
Refreshed group strategic plan For personal use only 3
Slide 5: Creating long-term value
Creating long-term value For personal use only 4
Slide 6: Corporate Social Responsibility
Corporate Social Responsibility For personal use only 5
Slide 7: Project update - NZICC & Horizon Hotel
Project update − NZICC & Horizon Hotel Remains a challenging project For personal use only • Likely to be further delays to completion (beyond December 2019) • Further update once greater certainty around completion dates Remain comfortable with contractual arrangements • Additional SKYCITY cost
Slide 8: Project update - Adelaide Expansion
Project update – Adelaide Expansion Main construction works commenced in For personal use only June Project on-time and on-budget Total project costs remain at A$330m (including contingency) Expect car park to be opened contemporaneous with expansion in 1H21 (September 2020) SA Government
Slide 9: Update on other key strategic initiatives (1 of 2)
Update on other key strategic initiatives (1 of 2) SKYCITY Darwin sold to Delaware North for A$188m For personal use only • Sale price A$8m above book value • Transaction conditional on regulatory and financing approvals • Little Mindil to be sold separately (A$11m book value) Continue to explor
Slide 10: Update on other key strategic initiatives (2 of 2)
Update on other key strategic initiatives (2 of 2) Hamilton and Queenstown master planning For personal use only progressing well • Evaluating opportunity for hotel development in Hamilton • Conditional agreement signed for future development site in Queenstown Progressing strategy to grow hotel
Slide 11: Trading update
Trading update Group For personal use only YTD to 7 November 2018 normalised group revenue up 7% vs. pcp with domestic revenue (ex IB) up 3% Excluding Darwin, YTD normalised group revenue up 8% vs. pcp and domestic revenue (ex IB) up 4% New Zealand 2H18 momentum in Auckland has continued YTD –
Slide 12: Focus for remainder of FY19
Focus for remainder of FY19 1 Improve operating performance For personal use only 2 Execute major projects effectively 3 Conclude asset sales – Darwin and Auckland car parks 4 Progress key strategic initiatives 5 Continue to enhance CSR / sustainability initiatives 11
Slide 13: Disclaimer
Disclaimer All information included in this presentation is provided as at 12 November 2018 For personal use only This presentation includes a number of forward-looking statements. Forward-looking statements, by their nature, involve inherent risks and uncertainties. Many of those risks and unce
Slide 14: For personal use only
SKYCITY Entertainment For personal use only Group Limited
SKYCITY Entertainment Group — UBS Investor Conference 2018 on 6ix