(i.z.) Queenco Ltd. · TASE:QNCO
(i.z.) Queenco — Queenco — FY2009 Earnings Presentation
23 slides from (i.z.) Queenco's earnings presentation, March 2010
Slide 1: Fourth Quarter and Full year 2009 Results QLI Presentation
Fourth Quarter and Full year 2009 Results QLI Presentation March 2010 1
Slide 2: QLI - An Emerging Markets Casino Operator
QLI - An Emerging Markets Casino Operator Lithuania Belarus Belgium Poland Germany Luxembourg Czech Republic Ukraine Slovakia Austria Hungary Moldova Switzerland France Romania Croatia Russia Italy Serbia Bulgaria Albania Spain Azerbaijan Greece Turkey Malta Syria Iran Tunisia Iraq Algeria Lebanon M
Slide 3: Company Structure
Company Structure Public (Israeli Institutions) Yigal Zilkha Y.Z. 9.3 Public Queenco* (GDRs LSE) 7 QLI** *** *** *** *** *** Club Hotel Casino Palace Sasazu Sihanoukville Casino Rodos Casino Bucharest Prague Casino&Resort Loutraki *** *** Grand Casino Beograd Casino Constanta * Ticker symbol: QNCO (
Slide 4: Operational Review
“—~ Leisure International Ltd. AS VlOnWC0 Operational Review
Slide 5: Club Hotel Casino Loutraki - Greece
Club Hotel Casino Loutraki - Greece • 275 rooms deluxe hotel • 80 tables, 1,000 slot machines • Approximately 1,700 employees • 4 luxury restaurants • Distributed over €360 M in dividends since 1995
Slide 6: Club Hotel Casino Loutraki – Greece
Club Hotel Casino Loutraki – Greece Year ended 31 December 2008/2009 Year ended 31 December 2008/2009 Gross EBITDA EBITDA Win per Number Number Net 1,166 Gaming (EURm) Margin Visit of of New 1,131 Profit Revenue (%) Visitors Guests (EUR) (EURm) (000’s) (EURm) 220 (000’s) 180 2009 203.3 40.0 28.6 180
Slide 7: Casino Rodos - Greece
Casino Rodos - Greece • 5-star boutique hotel with 33 suites • 34 tables, 310 slot machines • Approximately 300 employees • 5 restaurants, café and lounge bar • Continues to focus on attracting high rollers • Distributed €6 M in dividends in 2008 and €2 M in 2010 7
Slide 8: Casino Rodos– Greece
Casino Rodos– Greece Year ended 31 December 2008/2009 Year ended 31 December 2008/2009 Gross EBITDA EBITDA Win per Number Number Net 169 Gaming (EURm) Margin Visit of of New 1,125 165 Profit Revenue (%) Visitors Guests (EUR) (EURm) (000’s) (EURm) 245 212 (000’s) 220 194 2009 31.9 5.7 25.0 194 165 23
Slide 9: Casino Palace - Romania
Casino Palace - Romania • 24 tables, 92 slot machines • Approximately 400 employees • Casa Vernescu - a gourmet French restaurant • Oba – Asian restaurant • Visitor numbers remain constant • Distributed €8 m dividends in 2009 • Changes to legislation likely to favour Casino Palace
Slide 10: Casino Palace - Romania
Casino Palace - Romania Year ended 31 December 2008/2009 Year ended 31 December 2008/2009 Gross EBITDA EBITDA Win per Number Number Net 1,125 Gaming (EURm) Margin Visit of of New 110 111 Profit Revenue (%) Visitors Guests (EUR) (EURm) (000’s) (EURm) 245 209 (000’s) 220 156 2009 17.3 2.5 15.3 156 111
Slide 11: Grand Casino d.o.o. Beograd - Serbia
Grand Casino d.o.o. Beograd - Serbia • 25 tables, 230 slot machines • 6 restaurants • Located in Belgrade, a city with a population of over 2 million • Casino Beograd has exclusivity until 2015 • Visitors numbers for January to December 2009 increased by 43% Vs. 2008, total of 270,000 11
Slide 12: Casino Beograd - Serbia
Casino Beograd - Serbia Year ended 31 December 2008/2009 Year ended 31 December 2008/2009 Gross EBITDA Win per Number of Number of Net Gaming (EURm) Visit Visitors New 272 Profit 77 Revenue (000’s) Guests (EUR) (EURm) (EURm) (000’s) 190 220 40 2009 11.0 --2.5 40 272 35 (9.3) Number of Visitors (000’
Slide 13: SaSaZu, Prague - Czech Republic
SaSaZu, Prague - Czech Republic • The SaSaZu entertainment centre , which opened during Q2 2009, has been trading well. • Increasing visitor numbers are attributed to: • a unique top South Asian restaurant • a nightclub and lounge bar 13
Slide 14: Future Projects
Future Projects 14
Slide 15: Development Pipeline
Development Pipeline • Timing of new project dependent on signs of economic recovery • Sihanoukville, Cambodia • Purchased 9 hectares of land on the beachfront in 2008 • Own exclusive rights to beach in front of the site • The company is examining the economic feasibility of opening a casino and res
Slide 16: Future Investments in Existing Projects
Future Investments in Existing Projects • Czech Republic – SaSaZu, Prague • Currently in the process of obtaining a gaming license 16
Slide 17: Financial Review for 2009
Financial Review for 2009 17
Slide 18: Summary IFRS Profit and Loss Account
Summary IFRS Profit and Loss Account Three months Three months Year ended Year ended ended 31 ended 31 31 December 31 December December December 2009 2008 2009 2008 €m €m €m €m Net revenues 115.0 137.4 28.4 31.6 Operating, Selling and Administrative expenses 93.8 89.2 25.1 23.1 EBITDA 21.2 48.2 3.3
Slide 19: Summary IFRS Balance Sheet
Summary IFRS Balance Sheet Year ended Year ended 31 December 31 December 2009 2008 €m €m Non-current assets 151.7 149.2 Cash & cash equivalents 31.1 57.0 Other current assets 12.6 14.4 Total assets 195.4 220.6 Current liabilities 50.9 50.3 Non-current liabilities 17.9 23.0 Equity 126.6 147.3 Net cur
Slide 20: Summary IFRS Cash Flow Statement
Summary IFRS Cash Flow Statement Three months Three months Year ended Year ended ended 31 ended 31 31 December 31 December December December 2009 2008 2009 2008 €m €m €m €m Net cash from (used in) operating activities 10.8 27.8 3.6 3.7 Net cash used in investing activities (29.4) (28.0) (26.1) (12.5
Slide 21: Investment Properties
Investment Properties • After reconsideration, management has decided to change its plans and to offer the following properties for sale: • Romania, Constanta - one square kilometre of land • Romania, Bucharest - Manu Building • Bulgaria, Sofia - an ex-theatre • Bulgaria, Sofia - ex-cinema in Varna
Slide 22: Summary
Summary 22
Slide 23: Outlook
Outlook • 2009 was challenging for gaming worldwide, and likely to remain so in the near future • The situation in our Greek operations is likely to remain uncertain in the foreseeable future • The Company will continue to cut costs where appropriate and preserve cash • The Group has a sound financi