Full House Resorts, Inc. · NASDAQ:FLL
Full House Resorts — Q3 2024 Earnings Presentation
24 slides from Full House Resorts's earnings presentation, Nov 6, 2024
Slide 1: November 2024
November 2024
Slide 2: Chamonix: First Luxury Gaming Product in Cripple Creek
Chamonix: First Luxury Gaming Product in Cripple Creek 2
Slide 3: Chamonix Update
Chamonix Update 3 ● Construction of Chamonix is now essentially complete, with the jewelry store opening last week ● Just completed Grand Opening weekend ● First broad post-opening advertising campaign begins this week
Slide 4: Chamonix Update
Chamonix Update 4 ● First broad post-opening advertising campaign begins this week ● 30-second commercial ● Drone footage
Slide 5: Chamonix: Database is Growing
Chamonix: Database is Growing 5 ● First broad post-opening ad campaign begins this week
Slide 6: Chamonix: Database is Growing
Chamonix: Database is Growing 6
Slide 7: Chamonix: Hotel Ramp Continues
Chamonix: Hotel Ramp Continues 7 ● Since the commencement of meaningful new amenities in May 2024, Chamonix’s hotel occupancy has shown strong improvement 100% 75% 50% 25% 0%
Slide 8: Chamonix + Bronco Billy's: Monthly Revenue
Chamonix + Bronco Billy’s: Monthly Revenue 8
Slide 9: American Place
American Place 9
Slide 10: American Place: Total Revenues by Quarter
American Place: Total Revenues by Quarter 10
Slide 11: American Place: Adjusted Property EBITDA by Quarter
American Place: Adjusted Property EBITDA by Quarter 11
Slide 12: Rockford's Permanent Casino: Strong Start
Rockford’s Permanent Casino: Strong Start 12 Source: Illinois Gaming Board
Slide 13: Recent Property Changes
Recent Property Changes 13 ● Jeff Michie starts as new General Manager of Rising Star on November 11 o Previously CFO of Casino del Sol (Tucson, AZ) o SVP of Operations & Finance of Hard Rock Cincinnati o AGM & CFO of Belterra o GM of Belle of Baton Rouge ● Angi Truebner-Webb relocates from Rising S
Slide 14: Supplemental Information: Segment Revenues
Supplemental Information 14 Segment Revenues, Adjusted Segment EBITDA and Adjusted EBITDA (In thousands) (1) The Company utilizes Adjusted Segment EBITDA as the measure of segment operating profitability in assessing performance and allocating resources at the reportable segment level.
Slide 15: Supplemental Information: Segment Revenues
Supplemental Information 15 Segment Revenues, Adjusted Segment EBITDA and Adjusted EBITDA (In thousands) (1) The Company utilizes Adjusted Segment EBITDA as the measure of segment operating profitability in assessing performance and allocating resources at the reportable segment level.
Slide 16: Supplemental Information: Same-store Revenues
Supplemental Information 16 Same-store Revenues and Adjusted Segment EBITDA (In thousands) N.M. Not meaningful. (1) Same-store operations exclude results from American Place, which opened on February 17, 2023. (2) Same-store operations exclude results from Illinois, which contractually commenced on
Slide 17: Supplemental Information: Same-store Revenues
Supplemental Information 17 Same-store Revenues and Adjusted Segment EBITDA (In thousands) N.M. Not meaningful. (1) Same-store operations exclude results from American Place, which opened on February 17, 2023. (2) Same-store operations exclude results from Illinois, which contractually commenced on
Slide 18: GAAP Reconciliation
GAAP Reconciliation 18 Reconciliation of Net Loss and Operating Income to Adjusted EBITDA (In thousands)
Slide 19: GAAP Reconciliation
GAAP Reconciliation 19 Reconciliation of Net Loss and Operating Income to Adjusted EBITDA (In thousands)
Slide 20: GAAP Reconciliation
GAAP Reconciliation 20 Reconciliation of Net Loss and Operating Income (Loss) to Adjusted Segment EBITDA and Adjusted EBITDA (In thousands)
Slide 21: GAAP Reconciliation
GAAP Reconciliation 21 Reconciliation of Net Loss and Operating Income (Loss) to Adjusted Segment EBITDA and Adjusted EBITDA (In thousands)
Slide 22: GAAP Reconciliation
GAAP Reconciliation 22 Reconciliation of Net Loss and Operating Income (Loss) to Adjusted Segment EBITDA and Adjusted EBITDA (In thousands)
Slide 23: GAAP Reconciliation
GAAP Reconciliation 23 Reconciliation of Net Loss and Operating Income (Loss) to Adjusted Segment EBITDA and Adjusted EBITDA (In thousands)
Slide 24: GAAP Reconciliation
GAAP Reconciliation 24 Reconciliation of Net Loss and Operating Income (Loss) to Adjusted Segment EBITDA and Adjusted EBITDA (In thousands)