Reef Casino Trust · ASX:RCT
Reef Casino Trust — H1 2006 Earnings Presentation
22 slides from Reef Casino Trust's earnings presentation, Aug 23, 2006
Slide 1: Reef Casino Trust Half year ended 30 June 2006
REEF CASINO TRUST Half year ended 30 June 2006
Slide 2: Headlines
Headlines >» Another period of profit growth (up 50% on same period 2005) > Increase in cash distribution to unitholders declared (up 80%)
Slide 3: Profit
Profit > Net profit to 30 June 2006 $6.8 million (1st Half 2005: $4.5 million) >Up 50% > Highest ever 1° half
Slide 4: Half Year Results
Half Year Results > Trust revenues | 18% » Trust operating 7 expenses | 10% >Profit before “finance costs” attributable to unitholders 50%
Slide 5: Half Year Results
Half Year Results 2006 2005 $’000 $’000 Revenue Rental Income 11,853 9,874 Other Income 211 319 Total revenue 12,064 10,193 Total expenses 5,267 5,652 Profit before “finance costs” 6,797 4,541 attributable to unitholders Earnings per share 13.6 cents 9.1 cents
Slide 6: Distribution to Unitholders
Distribution to Unitholders > 15.5 cents per unit for six months to 30 June 2006 80% compared to same period 2005 >“Tax deferred” basis
Slide 7: Distributions for 2006, 2005 and 2004
Distributions for 2006, 2005 and 2004 First Half Year 2006 2005 2004 Cents per unit | Cents per unit | Cents per unit 15.50 8.50 7.25
Slide 8: Distributions for 1st Half Year 2006
Distributions for 1st Half Year 2006 Cents per | Total amount unit $ “Normal” distribution of 100% 13.6 6.8 million of distributable profits From the “undistributed 1.9 0.9 million income” account Total 15.5 7.7 million
Slide 9: Undistributed income account
Undistributed income account > Balance after distribution 17.2 cents per unit or $8.6 million >To distribute on even basis > Over 4 years >Expect slightly higher payment in 2"¢ half year
Slide 10: Board of RCT Strengthened
Board of RCT Strengthened David Baffsky — Chairman Accor Asia Pacific Allan Tan — CEO Reef Hotel Casino
Slide 11: Growth over the previous half year
Reef Hotel Casino Growth over the previous half year Visitations 6.7% Table games ~ “Drop”! LI 32.3% Revenue | 41.8% Slots ~~ Turnover =~ 7.3% Revenue | 2.5% 1 “Drop” is the amount of money exchanged for gaming chips. Adjusted for estimated “double counting’ — chips bought, not wagered, redeemed and
Slide 12: Growth over the previous half year
Reef Hotel Casino Growth over the previous half year Hotel room revenue > 1.8% Food revenue oy 14.7% Beverage revenue 23.3%
Slide 13: Success Factors
Reef Hotel Casino Success Factors >» Marketing & Promotions >In-Casino and Complex-wide activities >» Enhancement of entertainment program > Superior customer care > Premium player program development >» Improving internal processes
Slide 14: Visitations 6.7%
Reef Hotel Casino >Visitations 6.7% Source > Overseas 25% (Japan, China, SE Asia) > SEQ/NSW/Vic 25% »>Far North Qld 50%
Slide 15: Cairns' Biggest & Premier Leisure & Entertainment Complex
Reef Hotel Casino Cairns’ Biggest & Premier Leisure & Entertainment Complex
Slide 16: Serrece Reee Casino
Reef Hotel Casino Serrece Reee Casino Caren SOFITEL AQCOR HOTELS & RESORTS café Chung... q: ty 1) "S casino SPORTZ J Acopt premiere vacaTionte tap a
Slide 17: Outlook
Reef Hotel Casino Outlook > Smoking strategy & management plan » Major in-casino & complex-wide promotions
Slide 18: Outlook
Reef Hotel Casino Outlook > Premium player program development > Fine-tune Customer Care
Slide 19: Casino Trust Outlook
Reef Casino Trust Outlook > Still expect to post good result for full year
Slide 20: We are proud to be One Complex, One Team, One Success
We are proud to be One Complex, One Team, One Success
Slide 21: We are proud to be the best place to visit in Cairns
We are proud to be The best place to visit in Cairns for Smokers and Non Smokers | = alike.
Slide 22: We are proud to be Cairns' Biggest & Premier Entertainment & Leisure Complex
We are proud to be Cairns’ Biggest & Premier Entertainment®: : & Leisure Complex