Paradise Entertainment Limited · HKEX:1180
Paradise Entertainment — FY2024 Earnings Presentation
34 slides from Paradise Entertainment's earnings presentation, Mar 27, 2025
Slide 1: Paradise Entertainment Limited 2024 Annual Results Presentation
Paradise Entertainment Limited (Incorporated in Bermuda with limited liability) 1180.HK 2024 Annual Results Presentation 1
Slide 2: Agenda
Agenda 1 About Paradise Entertainment 2 Executive Summary For 2024 Annual Results 3 2024 Annual Results in a Glimpse 4 Robust Performance From Casino Management Services 5 Increasing Demands in Electronic Gaming Equipment and Systems 6 Key Supporting Data For Macau Market 7 Key Dates For 2024 Final
Slide 3: About Paradise Entertainment
1 About Paradise Entertainment Gaming Innovation 3 3
Slide 4: About Paradise Entertainment
1 About Paradise Entertainment Casino Management Services Electronic Gaming Equipment and Systems Live Multi Game Electronic Table Casino Kam Pek Paradise (“LMG”) Game (“ETG”) Slot Machines Systems Machines 66.2% 33.7% - Provider of Casino Management Services to Casino Kam Pek Paradise, a Satellite
Slide 5: Pain Points in Macau
1 About Paradise Entertainment Pain Points in Macau Rising Rising in Minimum Bets Cap on Labour Costs Tables/Machines For Tables Dec 2024: HK$500+ 6,000 Gaming Tables +6.3% YoY** HK$1,000+ per hand 12,000 Gaming Machines HK$2,000+* *Source: According to DSEC of the Macau government, average earnings
Slide 6: Inside Our Casino Kam Pek Paradise
1 About Paradise Entertainment Inside Our Casino Kam Pek Paradise… Traditional Gaming Tables LMG Systems ETG Machines Slot Machines ….providing a Comprehensive Gaming Solution on Casino Floor 6 6
Slide 7: About Paradise Entertainment: Global Locations
1 About Paradise Entertainment Europe, South Korea - Strategic Partnerships Hong Kong SAR, the PRC - Management - Corporate Services Las Vegas, USA Macau SAR, the - Showroom PRC - Sale and Distribution Centre - Management - Casino Kam Pek Paradise Shenzhen and - Showroom Zhuhai, the PRC - R&D - R&D
Slide 8: Executive Summary For 2024 Annual Results
2 Executive Summary For 2024 Annual Results The Group ❑ Reported revenue: HK$1,084.9m, +71.0% YoY and +55.1% HoH ❑ Adjusted EBITDA: HK$453.0m, +239.1% YoY and +106.7% HoH ❑ Profit for the year: HK$381.9m, +527.1% YoY and +119.8% HoH Casino Management Services ❑ Gross gaming revenue (“GGR”): HK$1,313
Slide 9: Group's Reported Revenue
3 2024 Annual Results in a Glimpse – Group’s Reported Revenue Reported Revenue: HK$1,084.9m, +71.0% YoY and +55.1% HoH Reported Revenue and its Breakdown by Segments (in HK$’m) 1,181.8 1,084.9 15.0% 0.1% By Segments YoY HoH 33.7% 26.4% Casino Management Services +27.2% +1.5% 634.3 659.6 2.0% 0.1% 49
Slide 10: Group's Adjusted EBITDA
3 2024 Annual Results in a Glimpse – Group’s Adjusted EBITDA Adjusted EBITDA: HK$453.0m, +239.1% YoY and +106.7% HoH Adjusted EBITDA (in HK$’m) 453.0 By Segments YoY HoH Casino Management Services +90.7% +15.9% 305.3 Electronic Gaming Turned From +1,196.4% Equipment and Systems Loss to Profit 147.7
Slide 11: Group's Profit
3 2024 Annual Results in a Glimpse – Group’s Profit Profit for the Year: HK$381.9m, +527.1% YoY and +119.8% HoH Profit (Loss) for the Year/Period (in HK$’m) 381.9 262.5 119.4 60.9 10.6 2019 2020 2021 2022 2023 2024 1H24 2H24 (88.4) (166.3) (192.1) 11 11
Slide 12: Group's Balance Sheet
3 2024 Annual Results in a Glimpse – Group’s Balance Sheet Strong Cash Position and Low Gearing Ratio Bank balances and Cash and Gearing Ratio (in HK$’m) / % As at 31 December 2024: 140 119.4% 389.2 140.00% 120 120.00% ❑ bank balances and cash of HK$389.2m (30 June 2024: HK$128.1m) 100 82.7% 100.00%
Slide 13: Dividends
3 2024 Annual Results in a Glimpse – Dividends Dividends for 2024 as Returns to Shareholders Dividend Payout (Dividends over profit for the year/period) Net Profit: HK$381.9m Per Share Amount % of Net (HK cents) (HK$) Profit Net Profit: Interim HK$262.5m HK$168.3m Full Year 5.0 52.6 million 44.1% Di
Slide 14: Robust Performance from Casino Management Services
4 Robust Performance from Casino Management Services 14 14
Slide 15: Casino Management Services: Mass Market Focus
4 Robust Performance from Casino Management Services Casino Management Services Mass Market Focus 20 Traditional Mass Tables 10 LMG Tables Link to ~1,000 LMG Terminals 100 Slot Machines / ETG Machines Higher Engagement Operation Efficiency Higher Capacity of Games 15 15
Slide 16: Casino Management Services Structure
4 Robust Performance from Casino Management Services Casino Management Services Settle Remunerations For Management Services Rendered Casino Kam Pek Paradise Macau Concessionaire Casino Management Services Provider A Satellite Casino Provide Casino Management Services 16 16
Slide 17: Total GGR: HK$1,313.1m
4 Robust Performance from Casino Management Services Casino Management Services Total GGR: HK$1,313.1m, +27.0% YoY and +1.5% HoH Casino Kam Pek Paradise 2024 2023 YoY Average No. of Gaming Tables in Operation 30 34 GGR contribution in 2024: Total GGR HK$1,313.1m HK$1,033.6m +27.0% ❑ Traditional tabl
Slide 18: Casino Management Services Adjusted EBITDA Margin
4 Robust Performance from Casino Management Services Casino Management Services 2024 Adjusted EBITDA Margin**: 23.6% % of GGR +780bps Contributed by LMG: 2024: 61.4% 2024 2023: 51.4% GGR: Unique Gaming HK$1,313.1 million Experience From +27.0% yoy 2023 Adjusted Self-Developed EBITDA Gaming Machines
Slide 19: Casino Management Services Adjusted EBITDA
4 Robust Performance from Casino Management Services Casino Management Services Adjusted EBITDA: HK$310.4m, +90.7% YoY and +15.9% HoH Casino Kam Pek Paradise 2019 2020 2021 2022 2023 2024 1H24 2H24 GGR (HK$m) 1,270.2 556.6 761.7 490.9 1,033.6 1,313.1 651.7 661.4 Adjusted EBITDA For Casino Kam Pek Pa
Slide 20: Increasing Demands in Electronic Gaming Equipment and Systems
5 Increasing Demands in Electronic Gaming Equipment and Systems 20 20
Slide 21: Electronic Gaming Revenue of HK$365.3m
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems Revenue of HK$365.3m, +539.8% YoY and +335.6% HoH Revenue of 2024: Revenue (in HK$’m) ➢ Macau - HK$363.0m 365.3 • Mainly sale of 1,461 LMG terminals and other gaming equipment and systems 297.1 •
Slide 22: Electronic Gaming Adjusted EBITDA of HK$156.4m
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems Adjusted EBITDA of HK$156.4m, turned to profit YoY and +1,196.4% HoH • Adjusted EBITDA turned to profit of Adjusted EBITDA HK$156.4m in 2024 (in HK$’m) 156.4 145.2 5.4 187.8 • Adjusted EBITDA marg
Slide 23: Growth Drivers for Electronic Gaming Equipment and Systems
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems Increase Beyond 2024 Penetration Expanding in North from Existing Penetration America New Electronic into Asia Deployment Gaming Regions of LMG, ETG and Equipment Slot and Systems* Machines in Mac
Slide 24: Highlights of LMG in Macau
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems Highlights of LMG In Macau 20+ ~6,000 Casino LMG in Venues operation Big 6 Gameview/ Casino Gameview Operators Personal Live Multi Lower Game Gross Multi Minimum Revenue in Games Bets Macau +48.4%
Slide 25: New LMG Version Speedwave to be Launched in 2025
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems New “LMG” Version “Speedwave” to be launched in 2025 26th November 2024 - “Echo Insight” Event To Cater For Different Needs in Different Markets ❖ Personalize themes to suit operational needs ❖ Cr
Slide 26: Our Worldwide Partnership
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems Our Worldwide Partnership New Games to Deliver and more… 26 26
Slide 27: Value Chain and New Macau Assembly Line
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems Research & Design Value Chain January 2025: Opening of New Assembly Line in Macau Product Development Sale & After Sale Casinos Lower Shorten Production Support Macau Accurate Delivery Production
Slide 28: The Addressable Market: Our Current Footprint
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems The Addressable Market – Our Current Footprint Laos 6 Macau 5 USA 1 Vietnam 3 Sri Lanka 2 The Philippines 4 More and More Markets to Penetrate… 28 28
Slide 29: Penetration into Southeast Asia: The Philippines
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems No. of International Tourists Arrivals to The Penetration into Southeast Asia Regions – e.g. The Philippines Philippines From 2012 to 2024 (in ’m) 8.3 • According to Department of Tourism of The P
Slide 30: The Philippines: Products, Channels and Mode
5 Increasing Demands in Electronic Gaming Equipment and Systems Electronic Gaming Equipment and Systems The Philippines Traditional Slot Machines Mini Slot Machines Electronic Table Game Machines Products 15+ Integrated Resorts* 36 Casino under Casino Filipino** Gaming Centers in Shopping Malls Chan
Slide 31: Key Supporting Data For Macau Market
6 Key Supporting Data For Macau Market Macau Gross Revenue From Gross Revenue From Live Multi Game 1,132 292,455 1,069 Game of Fortune (MOP’ m) 954 (MOP’ m) 906 226,782 737 709 798 1,140 665 695 743 183,059 482 369 195 367 300 333 328 340 284 204 142 86,863 129 127 60,441 42,198 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 32: Key Dates For 2024 Final Dividend
7 Key Dates For 2024 Final Dividend Declaration AGM Approval Book Close Period Payment 27 March 2025 27 May 2025 2-4 June 2025 25 June 2025 * Ex-dividend date: 29 May 2025 32 32
Slide 33: Contacts Information
8 Contacts Information Hong Kong Office Unit C, 19F, Entertainment Building, 30 Queen’s Road Central, Hong Kong SAR Tel: (852) 2620 5303 Corporate Strategy & Investor Relations To follow us on WeChat Macau Office Suite 1207, 12F, Macau Landmark, No. 555 Avenida da Amizade, Macau SAR Leo Chan – Chief
Slide 34: Disclaimer
Disclaimer This document has been prepared by Paradise Entertainment Limited (abbreviated as “Paradise” or the “Company”) for the sole purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any bas
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