Premium Leisure — Investor Presentation (March 2019)
15 slides from Premium Leisure's investor presentation, March 2019
Slide 1: Presentation to Investors
Presentation to Investors March 2019
Slide 2: Table of contents
Corporate Structure and Lines of Business Table of contents The Philippine Economy 3 Philippine Gaming Industry 4 About Premium Leisure 7 Pacific Online 8 PLAI 10 Financials 14 2
Slide 3: Philippines: strong macroeconomic fundamentals
Philippines : strong macroeconomic fundamentals Young workforce with rising incomes Tourist arrivals Strong GDP Growth Per Capita GDP Median Age 6.2% USD3,104 23 Million tourists Consumption Driven Per Capita GNI Population 68.5% of GDP USD3,720 105M +1.6% p.a. Inflation and interest rate environmen
Slide 4: The Philippine gaming industry
The Philippine gaming industry Regulator : PAGCOR Rise of integrated resorts • Since 1976, PAGCOR has been overseeing games of • Since 2008, 5 integrated resort projects have been approved chance, particularly casino gambling by PAGCOR for development at or near Entertainment City: • Revenues genera
Slide 5: Integrated resorts: driving growth
Integrated resorts : driving growth • In 2018, integrated resorts accounted for 75% of casino GGR Image from Google maps 2018 Philippine casino gaming revenues by category Year Hotel Integrated Resorts Opened Rooms Resorts World Manila 2009 1,454 Solaire Resorts & Casino 2013 800 City of Deams Manil
Slide 6: Gaming: a growth opportunity
Gaming : a growth opportunity Philippine gaming is on a growth trajectory with integrated resorts leading the way. Corporate Structure and Lines of Business Melco Resorts and Entertainment (Phils) Growth drivers : 302 1,891 • Increasing tourist arrivals 234 254 - Nüwa Hyatt Regency • Easier travel d
Slide 7: About Premium Leisure Corp.
Corporate About Premium Structure Leisure Corp. and Lines of Business Premium Leisure Corp. (PLC) is an investment holding company that participates in gaming- related businesses in the Philippines. Through its subsidiary, PremiumLeisure & Amusement Inc. (PLAI), PLC has an interest in the operations
Slide 8: Pacific Online (LOTO): Overview
Pacific Online (LOTO): Overview Our business • Provide technical and market expertise for the distribution of lottery products in the country in partnership with the state-run Philippine Charity Sweepstakes Office (PCSO) • Since 1995, LOTO has been leasing to PCSO its online lottery systems for the
Slide 9: LOTO operating highlights
LOTO operating highlights Peso amounts in millions Lotto Keno 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 PCSO Sales (Php B) 12.4 12.2 12.1 13.5 11.2 2.8 3.5 4.3 5.4 4.4 # of terminals 4,036 4,088 4,157 4,205 4,029 1,261 1,770 2,020 2,410 2,454 9
Slide 10: PLAI: overview
PLAI : overview PAGCOR License Operating partner : Melco • Co-terminus with PAGCOR charter • Only Macau-based operator running an integrated resort in the Philippines • Owns and operates three integrated resorts in Macau Key agreements City of Dreams • Cooperation Agreement (Melco, Belle, • ~30 ha.
Slide 11: Melco: a strong partner
Melco : a Corporate Structure and Lines of Business strong partner Experienced operator • Operator of award-winning integrated resorts in Macau: City of Dreams Macau Studio City Altira Macau • Able to leverage Macau knowhow for best practices in resort marketing and efficient operations Broad
Slide 12: Revenue sharing with Melco
Revenue sharing with Melco PLAI is entitled to the HIGHER of: City of Dreams Manila EBITDA Sharing 1. 50% of MCP’s gaming EBITDA computed without Gross Gaming Revenue deducting lease expenses but after deducting: Less: PAGCOR License Fees • Management allowance for 2% of Net Win, where Net Gaming Re
Slide 13: Positioned to benefit from growing gaming sector
Positioned to benefit from growing gaming sector • The operation of 3 world-class integrated resorts has legitimized Entertainment City as a worthwhile destination for tourists looking for games of chance • Manila is an attractive destination for Asian gamers : only a few hours flight from Korea, Ch
Slide 14: PLC: Strong proxy for growing gaming sector
PLC : Strong proxy for growing gaming sector Figures in Php m except percentages Income Satement FY 2018 FY 2017 FY 2016 FY 2015 Revenues 5,148 4,929 3,531 1,476 EBITDA 2,652 2,597 1,902 895 Net Income 2,310 2,003 1,158 223 Net Margin (inc-NCI) 44.9% 40.6% 32.8% 15.1% ROE 13.3% 12.0% 7.2% 1.4% ▪ Sup
Slide 15: Contact Information and Disclaimer
ForBelle more Corporation information Contact Information and Disclaimer Principal Investor Relations Tristan B. Choa Contact: Office Number: +632 857-0195 Email Address: Tristan.choa@bellecorp.com Official Website: www.bellecorp.com PSE Ticker PLC Bloomberg Ticker PLC:PM Reuters Ticker PLC:PS Discl