Star Entertainment Group Limited · ASX:SGR
Star Entertainment — The Star Entertainment Group — Shareholder Meeting (October 2017)
23 slides from Star Entertainment's shareholder meeting presentation, Oct 26, 2017
Slide 1: For personal use only
For personal use only Concept Image Only Concept Image Only Concept Image Only
Slide 2: Annual General Meeting, Thursday 26 October 2017
For personal use only ANNUAL GENERAL MEETING THURSDAY 26 OCTOBER 2017
Slide 3: Chairman's address: John O'Neill AO
For personal use only ANNUAL GENERAL MEETING THURSDAY 26 OCTOBER 2017 John O’Neill AO, Chairman The Star Entertainment Group The Star Entertainment Group Limited - ACN 149 629 023
Slide 4: Our Board of Directors
OUR BOARD OF DIRECTORS For personal use only John O’Neill AO Matt Bekier Katie Lahey AM Richard Gerard Bradley Sally Pitkin Greg Hayes Chairman and Managing Non Executive Sheppard Non Executive Non Executive Non Executive Non Executive Director and Director Non Executive Director Director Director D
Slide 5: Our Vision
OUR VISION For personal use only BRAND • • THRILLING EXPERIENCES ACCESSIBLE LUXURY PILLARS • LOCAL SPIRIT • SHAREHOLDER VALUE • WORLD CLASS PROPERTIES TO BE PRIORITIES • LEADERSHIP IN LOYALTY AUSTRALIA’S • • EXCELLENCE IN GUEST SERVICE TALENTED TEAMS LEADING INTEGRATED • OWNERSHIP RESORT • TRUE TEAM
Slide 6: The 2017 Financial Year
THE 2017 FINANCIAL YEAR For personal use only $2,432 $264 32.0 16.0 MILLION MILLION CENTS CENTS ACTUAL GROSS STATUTORY BASIC EARNINGS DIVIDEND PER REVENUE NPAT PER SHARE SHARE ACTUAL GROSS STATUTORY NPAT BASIC EARNING DIVIDEND PER REVENUE ($M) ($M) PER SHARE SHARE (CENTS) 2,258 2,358 2,432 264 (CENT
Slide 7: Our Tourism Assets
OUR TOURISM ASSETS For personal use only The Star Sydney The Star Gold Coast Treasury Casino & Hotel 7
Slide 8: Our Placemaking Developments
OUR PLACEMAKING DEVELOPMENTS For personal use only The Star Sydney The Star Gold Coast Queen’s Wharf Brisbane Up to $1bn expansion Up to $845m expansion $3bn development Note: Images are concept only. Property capital projects are subject to all approvals 8
Slide 9: CEO's address: Matt Bekier
For personal use only ANNUAL GENERAL MEETING THURSDAY 26 OCTOBER 2017 Matt Bekier, Managing Director and CEO The Star Entertainment Group The Star Entertainment Group Limited - ACN 149 629 023
Slide 10: Our Vision
OUR VISION For personal use only BRAND • • THRILLING EXPERIENCES ACCESSIBLE LUXURY PILLARS • LOCAL SPIRIT • SHAREHOLDER VALUE • WORLD CLASS PROPERTIES TO BE PRIORITIES • LEADERSHIP IN LOYALTY AUSTRALIA’S • • EXCELLENCE IN GUEST SERVICE TALENTED TEAMS LEADING INTEGRATED • OWNERSHIP RESORT • TRUE TEAM
Slide 11: Chinese Tourism and Australia
CHINESE TOURISM AND AUSTRALIA For personal use only CHINESE TOURISTS FORECAST CHINESE TRAVELLER 2017 – 2026 PREFERENCES IN RELATION TO 4 AUSTRALIA AS A DESTINATION Million 3 2 LEISURE 88% 1 - BUSINESS 29% 2017 2026 VISITING FAMILY AND 29% FRIENDS INCOME FROM CHINESE TOURISTS SHOPPING 21% 2016 – 2020
Slide 12: International VIP Business
INTERNATIONAL VIP BUSINESS For personal use only DIVERSIFIED INTERNATIONAL VIP AND PREMIUM MASS BUSINESS SOURCING FROM AN EXPANDED RANGE OF MARKETS EXPANDED INTERNATIONAL SALES TEAM TO ENABLE COVERAGE OF A BROADER INTERNATIONAL FOOTPRINT INTERNATIONAL VIP AND PREMIUM MASS GUESTS WELCOMED FROM 13 COU
Slide 13: The Star Sydney
THE STAR SYDNEY For personal use only The Star Event Centre and Sky Terrace The Darling at The Star Dark Romance Studio at The Star Astral Tower Premium Suite at The Star 13
Slide 14: The Star Sydney Development
THE STAR SYDNEY DEVELOPMENT For personal use only Proposed Porte Cochere Upgrade Proposed Club Lounge* Proposed Astral Lobby & Lounge Proposed Sky Lobby & Lounge Note: Images are concept only. Property capital projects are subject to all approvals 14
Slide 15: The Star Gold Coast
THE STAR GOLD COAST For personal use only Garden Kitchen & Bar Refurbished Penthouse Mei Wei Dumplings Luxury Poolside Experience 15
Slide 16: Gold Coast Development and Masterplan
GOLD COAST DEVELOPMENT AND MASTERPLAN For personal use only New luxury 6 star tower – currently under construction Proposed The Star Residences Apartment Sports Bar render – currently under construction Proposed The Star Residences Pool Note: The above images are concept only. Property capital proje
Slide 17: The 2017 Financial Year Results
THE 2017 FINANCIAL YEAR RESULTS For personal use only ♦ Statutory NPAT of $264.4 million, up 36.0% on FY2016 ♦ Normalised NPAT of $214.5 million, down 11.1% on FY2016 ♦ Actual EBITDA of $586.2 million, up 19.9% on FY2016 ♦ Normalised EBITDA of $515.1 million, down 7.4% on FY2016 ♦ Actual gross reven
Slide 18: Key Drivers of the 2017 Financial Year Results
KEY DRIVERS OF THE 2017 FINANCIAL YEAR RESULTS For personal use only ($m) 700 +19.9% on pcp -7.4% 13.5 36.1 5.0 84.6 600 124.8 on pcp 586.2 67.4 556.2 62.4 9.8 515.1 500 488.8 400 300 200 100 0 FY2016 International FY2016 Sydney Queensland International Gaming taxes, Operating FY2017 International S
Slide 19: Our Award Winning Properties
OUR AWARD WINNING PROPERTIES For personal use only FORBES 5 STAR RATING BEST ENVIRONMENTAL AND #1 The Darling Hotel at The Star Sydney is Sydney’s only luxury hotel to receive the prestigious ENERGY EFFICIENCY PRACTICES ‘GLOBAL LEADER’ The Star Sydney – 2017 Australian CASINO AND Forbes Five-Star ra
Slide 20: Our People and Communities
OUR PEOPLE AND COMMUNITIES For personal use only 8,000+ TEAM MEMBERS ACROSS OUR PROPERTIES IN FY2017 $13+ MILLION CONTRIBUTION TO COMMUNITY GROUPS, CHARITABLE ORGANISATIONS AND PARTNERSHIPS 20
Slide 21: Group Year to Date Trading (Unaudited)
GROUP YEAR TO DATE TRADING (UNAUDITED) For personal use only ♦ For the period from 1 July to 22 October 2017, total normalised group revenue is up 4.0% on the pcp, with domestic revenue up 5.2% on the pcp ♦ Domestic revenues in both Sydney and Queensland are exhibiting similar levels of growth in FY
Slide 22: Priorities for the Next 12 Months
PRIORITIES FOR THE NEXT 12 MONTHS For personal use only Priorities for the 2018 financial year are clear: 1.Improve earnings across the Group through continued focus on domestic gaming and operating efficiencies 2.Deliver on the next stage of the capital works program 3.Progress planning approvals f
Slide 23: Annual General Meeting, Thursday 26 October 2017
For personal use only ANNUAL GENERAL MEETING THURSDAY 26 OCTOBER 2017
The Star Entertainment Group — Shareholder Meeting (October 2017) on 6ix