Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — Sidoti & Company Emerging Growth Institutional Investor Forum January 2015
27 slides from Century Casinos's conference presentation, Jan 12, 2015
Slide 1: Sidoti & Company Emerging Growth Institutional Investor Forum
a) =) Sidoti & Company, LLC Emerging Growth Institutional Investor Forum January 12, 2015 at The Grand Hyatt Hotel, New York City
Slide 2: Corporate Presentation
Corporate Presentation Peter Hoetzinger Founder, Co CEO & President January 2015
Slide 3: International Casino and Entertainment Company
International Casino and Entertainment Company § Developer and operator of mid-market, mid-size casinos in regulated markets world-wide § 31 casinos with 4,000 slots and 230 tables in – USA (Colorado), – Canada (Alberta), – Caribbean (Aruba), – Europe (Poland), – Argentina (Mendoza) and – Luxury C
Slide 4: 22-year Track Record
22-year Track Record Sustainable Growth Prudent Expansion Strategy Net Operating Revenues in USD Mio. *) § 1992 Company foundation by Co CEOs 120 Erwin Haitzmann and Peter Hoetzinger § 1993 First casino on cruise vessel 100 § 1994 First casino in Colorado 80 Listing on NASDAQ § 2000 Casinos in S
Slide 5: Existing Operations
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Slide 6: International Diversification
International Diversification Edmonton ! Calgary ! Denver Colorado Springs ! ! Eastern Europe ! ! (9 Casinos in Poland) ! Aruba ! ! ! ! ! ! ! ! Argentina ! Land-based Casinos (15) ! Ship-based Casinos (16)
Slide 7: Two Casinos in Colorado (USA)
Two Casinos in Colorado (USA) Hotel-Casinos near Denver and Colorado Springs, both wholly-owned Central City Cripple Creek Opening 2006 Opening 1993 8 Gaming Tables and 498 Gaming Machines 6 Gaming Tables and 449 Gaming Machines 26 Hotel rooms, 500 car parking garage 21 Hotel rooms 2 Restaurants and
Slide 8: Denver's Best Casino
Denver’s Best Casino Century Casino in Central City, CO, has been voted „Best Casino“ in the Denver market Based on 150,000 votes from locals choosing the best places in the greater Denver area Ahead of much larger companies such as Ameristar, Isle of Capri and Riviera casinos Focus on customer serv
Slide 9: Two Casinos in Alberta (Canada)
Two Casinos in Alberta (Canada) Casinos in major metropolitan areas of Canada, both wholly-owned Calgary Edmonton Acquisition 2010 / Re-Opening 2011 Opening 2006 16 Gaming Tables and 504 Gaming Machines 36 Gaming Tables and 760 Gaming Machines Extensive surface parking available 26 Hotel rooms, heat
Slide 10: Alberta (Canada)
Alberta (Canada) Great Regulatory and Economic Environment for Casino Industry Job growth leads to growing and increasingly wealthy population with high discretionary income (median income 24% above Canada’s national average) Over the past ten years, Alberta’s population has increased by 27% (to ove
Slide 11: Nine Casinos in Poland, Europe
Nine Casinos in Poland, Europe Casinos Poland Ltd. – Nine Casinos in Major Cities of Poland 66.66% Controlling Stake in Polish Market Leader (45% market share) 33.33% stake since 2007, increased to 66.66% in April 2013 for USD 6.8 million High-quality casinos in 4- and 5-star hotels with 76 gaming t
Slide 12: Casino Aruba
Casino Aruba Casino in Radisson Hotel & Spa Resort Aruba Long-term Management Agreement Re-opening under Century Casinos‘ Management in 2010 355 rooms and suites, various restaurants and bars, conference and spa facilities 12 Gaming Tables and 176 Gaming Machines for international tourists and local
Slide 13: Casino de Mendoza - Argentina
Casino de Mendoza - Argentina Minority stake in Mendoza Central Entretenimientos S.A. , Option to Increase to 50% Long-term Consulting Services Agreement Main shareholders are affiliates of UnoMedios, one of the largest media groups in Argentina (TV stations, radio stations, newspapers, etc.) MCE le
Slide 14: Casinos on Cruise Vessels
16 Casinos on Cruise Vessels Largest Independent Operator of Casinos onboard luxury Cruise Vessels Casinos wholly-owned and operated under casino concession agreements 66 Gaming Tables and 563 Gaming Machines. Approx. 15,000 passengers daily. Opportunistic approach towards cruise lines with affluent
Slide 15: Financial Results
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Slide 16: Q3 2014 Results by Region
Q3 2014 Results by Region Net Operating Revenue Adj. EBITDA Ships & Aruba Ships & Aruba 8% 8% USA Poland USA 26% 6% 31% Poland 37% Canada Canada 29% 54%
Slide 17: Net Operating Revenue per Quarter
Net Operating Revenue per Quarter $35 $31,6 $29,1 $29,4 $30 $28,3 $28,8 $28,1 $25 $20 $18,7 (in millions) $18,0 $18,0 $17,8 $18,1 $17,6 $17,7 $17,1 $17,6 $16,0 $15,6 $14,9 $15 $14,1 $10 $5 $0 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 2010 2011 2012 2013
Slide 18: Income Statement and Balance Sheet
Income Statement and Balance Sheet (select information as of Sep 30, 2014) In USD mil (except EPS) Q3 2014 Q3 2013 Change Net Operating Revenue 28.1 28.8 -3% Adjusted EBITDA 2.9 3.3 -12% Earnings per Share 0.03 0.04 -25% Total Assets 188.5 169.3 11% Book Value per Share 4.92 5.05 -1% Net Debt *) (11
Slide 19: Net Debt to Adj. EBITDA
Net Debt to Adj. EBITDA 4,0x 3,5x 3,0x 2,0x 1,0x 1,0x 0,5x 0,0x -1,0x -1,0x -1,5x -2,0x -2,0x -2,6x -3,0x 2008 2009 2010 2011 2012 2013 2014
Slide 20: Preliminary, Select Q4 Highlights
Preliminary, Select Q4 Highlights § Edmonton: – December 26 set an all-time slot revenue record – December saw the largest drop on table games and also had the largest single-day table revenue § Calgary: – Q4 EBITDA margin 20% vs. 4% in December 2013 § Colorado: – Q4 EBITDA growth over 2013 despi
Slide 21: Organic Growth Opportunity – Casinos Poland Ltd.
Organic Growth Opportunity – Casinos Poland Ltd. § Targets for next few quarters: – Optimization of operating procedures – Installation of player loyalty program at select locations – Increase quantity and quality of slot machines – Substantially improve operating margins by mid 2015 § Gaming law
Slide 22: Future Growth - Three new Ship-Casinos
Future Growth - Three new Ship-Casinos § Windstar Cruises (we have the agreement to operate their casinos) will put two newly acquired (ex-Seabourn Cruises) 210-pax luxury vessels into service in spring 2015 § TUI Cruises (joint venture between Royal Caribbean Cruises and TUI Travel) starts the 2,
Slide 23: Century Downs Racetrack and Casino Calgary, Canada
Century Downs Racetrack and Casino Calgary, Canada § Only horse race track in Calgary, rights to slot-casino license (moratorium in place, but this license is grandfathered in, last one available in any Alberta metro area) § 550 slots, 5.5/8th-mile race track, bars, lounges, restaurants, off-track
Slide 24: Century Downs Racetrack and Casino Calgary, Canada
Century Downs Racetrack and Casino Calgary, Canada § In position to capture north, north east and affluent north west Calgary markets § On Queen Elisabeth II highway, one of the most heavily used highways in Western Canada § Next to CrossIron Mills, a 1.4 mil sft regional shopping center (anchor
Slide 25: Century Downs Racetrack and Casino Calgary, Canada
Century Downs Racetrack and Casino Calgary, Canada § Steel and mechanical work done, electrical installation almost complete, interior finishing begins today, roadways and 400 parking stalls paved § Mar 2 Job fair Feb 7, slot machine installation § 2015 racing dates awarded (90) § On-time and on
Slide 26: Summary
Summary § Internationally diversified portfolio of 31 profitable casinos § Market leader in Poland and Cruise Industry § Healthy balance sheet (Net Debt / Adj. EBITDA ratio: 1) § Organic growth initiatives: - Revenue growth (slot machines) and margin improvement at Casinos Poland - Extended tabl
Slide 27: THANK YOU !
THANK YOU ! Peter Hoetzinger Founder, Co CEO & President peter.hoetzinger@cnty.com USA: (719) 689 5813 Europe: + 43 664 355 3935
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