Melco Resorts & Entertainment Ltd. · NASDAQ:MLCO
Melco Resorts & Entertainment — Q2 2026 Earnings Presentation
33 slides from Melco Resorts & Entertainment's earnings presentation, Aug 13, 2026
Slide 1: 2Q’26 Results Presentation
2Q’26 Results Presentation August 13, 2026 1
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement This presentation contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Melco Resorts & Entertainment Limited (the “Company”) may also make forward-looking state
Slide 3: Key Investment Highlights
Key Investment Highlights 1 GLOBAL PRESENCE WITH HIGH-QUALITY ASSETS spanning Asia and Europe with ability to adapt and thrive in diverse market conditions 2 DIVERSE AWARD-WINNING PRODUCT PORTFOLIO offering a wide range of products and facilities to accommodate a broad spectrum of customers 3 PROVEN
Slide 4: Melco Resorts’ Global Presence
Melco Resorts’ Global Presence Melco Resorts is a developer, owner and operator of award-winning integrated resort facilities in Macau, the Philippines, Cyprus and Sri Lanka Macau Philippines ▪ An average of approximately 734 gaming tables, 2,462 gaming machines and 4,588 hotel ▪ An average of appro
Slide 5: Diverse Award-Winning Product Offerings
Diverse Award-Winning Product Offerings • To date, Melco Resorts has been recognized with over 1,400 local and international awards and accolades • Attained 19 Five-Star Awards, placing Melco Resorts as the leader among global integrated resort operators with the most Five-Star Awards in the 2026 Fo
Slide 6: New Activations in Macau: Studio City Disney Palette of Happiness
New Activations in Macau Studio City Presents: Disney Palette of Happiness 6
Slide 7: New Activations in Macau: New Southwest Gaming Area
New Activations in Macau New Southwest Gaming Area at City of Dreams 7
Slide 8: REM at City of Dreams Macau
REM at City of Dreams Macau • REM (formally known as The Countdown), featuring 149 suites, is scheduled to begin a phased opening in the third quarter of 2026 8
Slide 9: Summary Financials
Summary Financials 3 months ended (US$ millions) Jun ’26 Jun’25 % Change Total Operating Revenues 1,252 1,328 (5.7%) Gaming 1,035 1,096 (5.5%) Non-Gaming 217 233 (6.7%) Total Operating Costs & Expenses (1,124) (1,204) 6.6% Operating Income 128 125 2.5% Total Non-Operating Expenses, Net (110) (103) (
Slide 10: Melco Resorts Group Adjusted Property EBITDA – 2Q’26
Melco Resorts Group Adjusted Property EBITDA – 2Q’26 Melco Resorts Group-wide Adjusted Property EBITDA of US$304 million(1) and Hold- Adjusted Property EBITDA of US$312 million(5) Total Adjusted Property EBITDA & Margin (1) (2) (US$m) Hold-Adjusted Property EBITDA (5) Altira + Mocha City of Dreams M
Slide 11: City of Dreams Macau – 2Q’26
City of Dreams Macau – 2Q’26 City of Dreams Macau recorded Adjusted EBITDA of US$148 million City of Dreams Macau Adjusted EBITDA and Adjusted EBITDA margin(1) (2) City of Dreams Macau Key Operating Metrics (US$m, unless otherwise 2Q’26 Vs. 1Q’26 Vs. 2Q’25 31.8% 30.8% 27.8% 29.2% 23.4% stated) VIP R
Slide 12: Studio City – 2Q’26
Studio City – 2Q’26 Studio City recorded Adjusted EBITDA of US$96 million Studio City Adjusted EBITDA and Adjusted EBITDA margin(1) (2) Studio City Key Operating Metrics (US$m, unless otherwise 2Q’26 Vs. 1Q’26 Vs. 2Q’25 27.1% 27.9% 28.5% stated) 24.0% 25.7% 112 Mass Table Drop 884 (2%) (8%) 105 105
Slide 13: Altira – 2Q’26
Altira – 2Q’26 Altira recorded Adjusted EBITDA of US$2 million Altira Adjusted EBITDA and Adjusted EBITDA margin(1) (2) Altira Key Operating Metrics 10.7% (US$m, unless otherwise 3.0% (2.8%) 6.4% 2Q’26 Vs. 1Q’26 Vs. 2Q’25 (13.8%) stated) 4 Mass Table Drop 134 (8%) 13% 2 Mass Table Hold % 22.0% (101b
Slide 14: City of Dreams Manila – 2Q’26
City of Dreams Manila – 2Q’26 City of Dreams Manila recorded Adjusted EBITDA of US$31 million City of Dreams Manila Adjusted EBITDA and Adjusted EBITDA margin(1) (2) City of Dreams Manila Key Operating Metrics (US$m, unless otherwise 37.3% 33.0% 35.4% 31.8% 2Q’26 Vs. 1Q’26 Vs. 2Q’25 28.8% stated) VI
Slide 15: City of Dreams Mediterranean and Other – 2Q’26
City of Dreams Mediterranean and Other – 2Q’26 City of Dreams Mediterranean and Other recorded Adjusted EBITDA of US$20 million City of Dreams Mediterranean and Other Adjusted EBITDA and Adjusted EBITDA margin(1) (2) City of Dreams Mediterranean and Other Key Operating Metrics (US$m, unless otherwis
Slide 16: Guidance on Key Non-Operating Items
Guidance on Key Non-Operating Items Depreciation & ▪ Approximately US$140-145 million for 3Q 2026 Amortization Corporate Expenses ▪ Approximately US$20-25 million for 3Q 2026 ▪ Approximately US$115-120 million for 3Q 2026, including Consolidated Net ‒ Finance liability interest of approximately US$6
Slide 17: Liquidity & Balance Sheet
Liquidity & Balance Sheet Actual as of June 30, 2026 Melco Resorts Melco Resorts(1) Studio City (2) Philippines Cyprus Sri Lanka (US$m, unless otherwise stated) Group Cash & Cash Equivalents (3) 492 248 230 38 29 1,037 Availability Under Credit Facilities 1,527 193 38 - - 1,759 Total Liquidity 2,019
Slide 18: Shareholder Return
Shareholder Return Returned approximately US$4.2bn to shareholders from 2016 • Melco Resorts has returned approximately US$4.2 billion to shareholders in the form of dividends and share repurchases since 2016. • Since 2020, Melco Resorts has repurchased approximately US$866 million in shares. • The
Slide 19: Melco Resorts’ Sustainability Goals & Achievements
Melco Resorts’ Sustainability Goals & Achievements 19
Slide 20: Restoring our World
Restoring our World Our RISE sustainability strategy guides us to go “Above & Beyond” in achieving our commitments. Restoring our World focuses on goals in Energy & Climate Resilience and Material Use and Waste Environmental Performance Scope 1 & 2 GHG Emissions by Intensity Energy Intensity 0.35 0.
Slide 21: Sustaining our Supply Chain
Sustaining our Supply Chain Sustaining our Supply Chain under our RISE strategy embodies what we aim to achieve across our entire value chain. Prioritizing where we can effect change, we focus on building the capacity of our local partners to innovate and to deliver items and services with reduced e
Slide 22: Melco’s Key Environmental Sustainability Highlights
Melco’s Key Environmental Sustainability Highlights Strategy Energy & Climate Waste Ratings ESCSR Committee Energy efficiency measures Waste diversion Corporate Sustainability • Environmental Sustainability and • Annualized savings of over 71.7 • Diversion rate from recycling and Assessment (CSA) Co
Slide 23: Appendix 1
Appendix 1 23
Slide 24: Melco Resorts: Table Yield Analysis
Melco Resorts: Table Yield Analysis Continue to optimize table allocation across our portfolio of Integrated Resorts Average Number of VIP Gaming Tables Average Number of Mass Gaming Tables 2Q’25 3Q’25 4Q’25 1Q’26 2Q’26 2Q’25 3Q’25 4Q’25 1Q’26 2Q’26 Altira 30 29 29 32 35 City of Dreams Macau 83 83 8
Slide 25: Melco Resorts: Historic Revenue and Adjusted Property EBITDA
Melco Resorts: Historic Revenue and Adjusted Property EBITDA Melco Resorts: Last 12 Months Total Adjusted Property EBITDA(1) (US$ million) Melco Resorts: Last 12 Months Macau-only VIP & Mass GGR (US$ million) 2,000 Adjusted Property EBITDA 1000% 5,000 VIP Gross Gaming Revenue 90% YoY% (Right-axis) M
Slide 26: Appendix 2
Appendix 2 26
Slide 27: City of Dreams Macau
City of Dreams Macau Morpheus Standard Room Morpheus Club Lounge Morpheus Lobby 27
Slide 28: Studio City
Studio City Add photo of Epic room Epic Tower Room Event Center Indoor Waterpark 28
Slide 29: Altira Macau
Altira Macau Aurora Terrace Panoramic Lobby Ying Restaurant Altira Spa Altira Macau 29
Slide 30: City of Dreams Manila
City of Dreams Manila Nüwa Premier King Room Spa at Nüwa Pool at the Hyatt 30
Slide 31: City of Dreams Mediterranean
City of Dreams Mediterranean Panoramic Suite Outdoor Pool Olea Restaurant 31
Slide 32: City of Dreams Sri Lanka
City of Dreams Sri Lanka Nüwa Deluxe Room Nüwa Dragon Suite Crystal Lounge 32
Slide 33: Thank You
(40 MELCO Thank You
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