Paradise Entertainment Limited · HKEX:1180
Paradise Entertainment — H1 2016 Earnings Presentation
15 slides from Paradise Entertainment's earnings presentation, Aug 26, 2016
Slide 1: Paradise Entertainment Ltd 2016 Interim Results Presentation
Paradise Entertainment Ltd 匯彩控股有限公司 (1180.HK) 2016 Interim Results Presentation August 26, 2016
Slide 2: 1H16 Results Highlights
1H16 Results Highlights ▪ 1H16 reported revenue decreased to HKD519.8 million (-9% yoy) • Gaming system increased to HKD117.1 million (+3% yoy) due to stable leasing revenue on Installed base LMG contribution and more LMG machine sales in overseas market • Casino services revenue decreased to HKD402
Slide 3: 1H16 Results Analysis
1H16 Results Analysis HK$M 1H16 1H15 Change (%) Remarks Revenue 519.8 571.1 -9% Weaker-than-expected GGR performance in Feb and Jun Gaming system 117.1 114.0 3% Higher number of LMG machines deployed in overseas market Casino service 402.7 457.1 -11% Mainly due to average per table revenue drop 15.8
Slide 4: 1H16 Results Analysis – Segments
1H16 Results Analysis – Segments Segments analysis (HK$ Million) 1H15 2H15 1H16 HoH Chg % YoY Chg % Business Segments Turnover Gaming System (Installed base) 73.8 72.7 73.6 1.2% -0.3% Gaming System (Trading base) 40.3 12.9 43.5 237.8% 8.1% Casino Service 457.0 434.0 402.7 -7.2% -11.9% 571.1 519.6 51
Slide 5: Segment Results – Gaming System
Segment Results – Gaming System Trading base Accumulative overall LMG deployment Deployed 300 LMGs in 1H16 (FY15: 236 2013 2014 2015 1H16 FY16E units) and expecting a total 1,000 units of Total # 3049 3402 3972 4176 4926 trading base installation by FY2016 Macau Deployed 120 LMGs in 2 satellite
Slide 6: Segment Results – Gaming System
Segment Results – Gaming System Gaming System Segment Financial Performance Trading base HKD Trading base revenue & EBITDA Analysis Units High revenue and EBITDA recorded 60.0 400 in 2012 as a significant machine installation growth of casino opening 40.0 300 in Cotai 200 20.0 In 2013-15, expand
Slide 7: Segment Results – Casino Service GGR Analysis
Segment Results – Casino Service GGR Analysis Casinos under management GGR Summary (HK$ Million) Casinos 1H15 2H15 1H16 HoH Chg % YoY Chg % Kam Pek Paradise 710.7 650.1 597.7 -8.1% -15.9% Waldo 219.4 244.2 239.1 -2.1% 9.0% MJC 19.8 17.5 19.9 13.5% 0.5% Lisboa LMG Hall 14.1 7.5 Changed to Leasing ter
Slide 8: Segment Results – Casino Service GGR Analysis (Cont’d)
Segment Results – Casino Service GGR Analysis (Cont’d) Kam Pek GGR Breakdown Waldo GGR Breakdown 800 37.2 -15.9% 300 700 37 250 +9.0% 2.6 600 0.3 500 200 402.8 400 310.4 150 192.7 300 193.9 200 1H16 GGR Breakdown 100 100 257.3 250.4 50 0 25.2 44.3 0 1H15 1H16 1H15 1H16 Slot Table LMG Slot Table LMG
Slide 9: Milestones Achieved in 1H16
Milestones Achieved in 1H16 ▪ Gaming systems • Macau • Deployed 120 LMG machines in Macau (Holiday Inn and Fisherman’s Wharf) • Overseas • Deployed 50 LMGs at Canberra casino, Australia and 18 LMGs in Southeast Asia market. • Entered into patent and technology assignment and license agreement with I
Slide 10: Outlook
Outlook Two-pronged growth strategy in Macau • A diverse product portfolio • New products roll-out, i.e. E-Baccarat table and Fast Betting Machine, to smoothen sales volatility from a single product. Trial run to begin in 2H16 • Leaner casino cost structure • Streamlining cost across casinos Gro
Slide 11: Outlook – Gaming System
Outlook – Gaming System E-Baccarat Table Fast Betting Machine Robotic Dealer ▪ Live dealer ▪ High Speed Betting ▪ Highly automatic ▪ Interaction and gameplay experience unchanged ▪ Two 32-inch size of betting screens to increase efficiency ▪ Increase game security ▪ Digital chips and reliability ▪ I
Slide 12: Outlook – Gaming System (Cont’d)
Outlook – Gaming System (Cont’d) 12
Slide 13: Contact Information
Contact Information Hong Kong Office Investor Relations Unit C, 19/F., Entertainment Bryan Wu, Investor Relations Building, Manager 30 Queen’s Road Central, Hong bryanwu@hk1180.com Kong SAR (852) 2916 0817 / 9168 6118 Tel: (852) 2620 5303 (86) 18576453107 Fax: (852) 2620 6000 Macau Office Suite 1207
Slide 14: Disclaimer
Disclaimer This presentation has been prepared for general information purposes, and is not, and should not be construed as an offer to see, or a solicitation of an offer to buy any securities. Information contained and opinions expressed herein have been complied in good faith by Paradise Entertain
Slide 15: Paradise Entertainment Ltd. (1180.HK)
Paradise Entertainment Ltd. 匯彩控股有限公司 (1180.HK) 15
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