Bloomberry Resorts Corporation · PSE:BLOOM
Bloomberry Resorts — 9M2020 Earnings Presentation
17 slides from Bloomberry Resorts's earnings presentation, 2020
Slide 1: Selected Unaudited Third Quarter / Nine Months 2020 Financial and Operating Data
PSE: BLOOM Selected Unaudited Third Quarter / Nine Months 2020 Financial and Operating Data
Slide 2: Disclaimer
PSE: BLOOM DISCLAIMER This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction or as an inducement to enter into
Slide 3: 3Q2020 Financial and Operating Data
PSE: BLOOM 3Q2020 Financial and Operating Data Bloomberry Investor Presentation 3Q/9M2020 - Page 3
Slide 4: Consolidated Income Statement (Php million) - 3Q2020
PSE: BLOOM Unaudited Consolidated Income Statement (Php million) - 3Q2020 For the three months ended 30 September Change in 2020 2019 % Philippines Korea Consolidated Philippines Korea Consolidated Gross gaming revenues (GGR) 4,379 - 4,379 17,111 109 17,220 (74.6) PFRS 15 allocation (288) - (288) (1
Slide 5: 3Q2020 Consolidated Revenues
PSE: BLOOM Unaudited 3Q2020 Consolidated Revenues Consolidated Net Revenues Consolidated Net Revenues Breakdown 3Q2020 revenues were generated (Includes Interest Income) (Includes Interest Income) under dry-run conditions and 13,311 11% 1% further impacted by the closure of 78 903 6% the mass gaming
Slide 6: 3Q2020 Gaming Revenues - Solaire
PSE: BLOOM Unaudited 3Q2020 Gaming Revenues - Solaire Total GGR Mass Tables GGR The company reported gaming 4,208 17,111 revenues consistent with a limited dry-run as allowed by relevant authorities Php millions Php millions 1,116 Total GGR improved 4,379 304 sequentially and decreased by 75% YoY 68
Slide 7: 3Q2020 Non-Gaming Performance - Solaire
PSE: BLOOM Unaudited 3Q2020 Non-Gaming Performance - Solaire Non-gaming Revenues Hotel Occupancy Rate (Includes Interest Income) 91.8% During the quarter, the company operated —with limited capacity— certain parts 2,040 78 14.5% 17.6% of the hotel, F&B, and retail businesses to cater to 3Q2019 2Q202
Slide 8: 3Q2020 Consolidated Expenses
PSE: BLOOM Unaudited 3Q2020 Consolidated Expenses Cash Operating Expenses Provisions for Doubtful Accounts Consolidated Cash Operating Expenses increased by 20% 6,897 sequentially given more business activity compared to the previous quarter. Expenses are lower by 53% YoY consistent with the reduced
Slide 9: 3Q2020 Consolidated EBITDA (LBITDA) and Profit (Loss)
PSE: BLOOM Unaudited 3Q2020 Consolidated EBITDA (LBITDA) and Profit (Loss) Consolidated EBITDA (LBITDA) Consolidated Net Profit (Loss) Consolidated LBITDA was P204 million compared to LBITDA of P1.9 billion in the previous quarter and EBITDA of 6,361 3,912 P6.4 billion in the same quarter last year
Slide 10: 9M2020 Financial and Operating Data
PSE: BLOOM 9M2020 Financial and Operating Data Bloomberry Investor Presentation 3Q/9M2020 - Page 10
Slide 11: Consolidated Income Statement (Php million) - 9M2020
PSE: BLOOM Unaudited Consolidated Income Statement (Php million) - 9M2020 For the nine months ended 30 September Change in 2020 2019 % Philippines Korea Consolidated Philippines Korea Consolidated Gross gaming revenues 17,278 93 17,372 45,348 498 45,846 (62.1) PFRS 15 allocation (1,417) - (1,417) (3
Slide 12: 9M2020 Consolidated Revenues
PSE: BLOOM Unaudited 9M2020 Consolidated Revenues Consolidated Net Revenues Consolidated Net Revenues Breakdown (Includes Interest Income) (Includes Interest Income) 1% 9M2020 revenues impacted by 11% 35,697 pandemic 9% 234 2,642 Consolidated Net Revenues 3,131 79% decreased by 62% YoY Net gaming re
Slide 13: 9M2020 Gaming Revenues - Solaire
PSE: BLOOM Unaudited 9M2020 Gaming Revenues - Solaire Total GGR Mass Tables GGR 45,348 12,282 Total GGR declined by 62% YoY consistent with limited dry-run operations Php millions Php millions 5,348 VIP volumes were Php217.4 17,278 billion, representing a decline of 61% YoY 9M2019 9M2020 Mass Table
Slide 14: 9M2020 Non-Gaming Performance - Solaire
PSE: BLOOM Unaudited 9M2020 Non-Gaming Performance - Solaire Non-gaming Revenues Hotel Occupancy Rate From March 16, 2020, the (Includes Interest Income) 89.7% company operated —with limited capacity— certain 33.0% 5,931 parts of the hotel, F&B, and 234 retail businesses to cater to 9M2019 9M2020 re
Slide 15: 9M2020 Consolidated Expenses
PSE: BLOOM Unaudited 9M2020 Consolidated Expenses Cash Operating Expenses Provisions for Doubtful Accounts Consolidated Cash Operating Expenses were down by 41%, mainly due to the reduced scope of operations 19,743 at Solaire from March 16, 2020 and Jeju Sun since March 21, 2020 11,719 Provided Php5
Slide 16: 9M2020 Consolidated EBITDA (LBITDA) and Profit (Loss)
PSE: BLOOM Unaudited 9M2020 Consolidated EBITDA (LBITDA) and Profit (Loss) Consolidated EBITDA (LBITDA) Consolidated Net Profit (Loss) Consolidated EBITDA declined by 92% YoY 8,566 Consolidated EBITDA margin was 9.6% 15,817 Hold-normalized Consolidated EBITDA 44.3% was Php 895 million compared to P1
Slide 17: Consolidated Balance Sheet
PSE: BLOOM Consolidated Balance Sheet Cash and cash Unaudited Audited equivalents as of YTD change in Php million 30 September 31 December 30 September 2020 was % 2020 2019 Php24.7 billion Current assets 28,286 46,400 (39.0) Total Interest-bearing debt was P67.6 billion Non-current assets 86,616 86,