Star Entertainment Group Limited · ASX:SGR
Star Entertainment — Shareholder Meeting (November 2022)
26 slides from Star Entertainment's shareholder meeting presentation, Nov 22, 2022
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING TUESDAY, 22 NOVEMBER 2022 The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 2: Acknowledgment of Country
ACKNOWLEDGMENT OF COUNTRY I would like to acknowledge and pay my respects to the people of the Yugambeh language region of the Gold Coast, the traditional custodians of the land on which we are gathered, and pay my respects to Elders past and present I would also like to acknowledge all Aboriginal a
Slide 3: Board of Directors
BOARD OF DIRECTORS BEN HEAP MICHAEL KATIE LAHEY RICHARD CHAIRMAN ISSENBERG AM SHEPPARD NON-EXECUTIVE NON-EXECUTIVE NON-EXECUTIVE DIRECTOR DIRECTOR DIRECTOR ANNE WARD DAVID FOSTER TONI ROBBIE NON-EXECUTIVE BOARD OBSERVER THORNTON COOKE DIRECTOR BOARD OBSERVER MANAGING DIRECTOR AND CHIEF EXECUTIVE OFF
Slide 4: Annual General Meeting – Ben Heap, Chairman
ANNUAL GENERAL MEETING TUESDAY, 22 NOVEMBER 2022 BEN HEAP, CHAIRMAN The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 5: Regulatory Reviews
REGULATORY REVIEWS ♦ The Star has been found to be unsuitable to hold casino licences in both NSW and Queensland following the Bell and Gotterson Reports ♦ The NSW Independent Casino Commission suspended The Star Sydney’s casino licence, appointed a manager and imposed a $100m fine ♦ The Queensland
Slide 6: Remediation Plan
REMEDIATION PLAN ♦ Remediation Plan to restore The Star to suitability and earn the trust of our regulators, community, team members and shareholders ♦ Transformation of The Star’s governance, accountability, culture, risk and compliance management practices ♦ Expansion of capabilities and oversight
Slide 7: Regulatory and Class Actions Update
REGULATORY AND CLASS ACTIONS UPDATE1 ♦ The Casino Control Acts in both NSW and Queensland have been amended ♦ AUSTRAC’s enforcement investigation of The Star is ongoing with The Star continuing to fully co-operate in relation to requests for information and documents ♦ Statements of claim for a secu
Slide 8: Senior Executive Changes
SENIOR EXECUTIVE CHANGES ROBBIE COOKE SCOTT WHARTON SCOTT SAUNDERS BETTY IVANOFF NAWAL SILFANI MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER CHIEF RISK OFFICER CHIEF LEGAL OFFICER COMPANY SECRETARY CHIEF EXECUTIVE OFFICER THE STAR SYDNEY AND GROUP HEAD OF TRANSFORMATION (Subject to regulatory approv
Slide 9: Board Renewal
BOARD RENEWAL MICHAEL ISSENBERG ANNE WARD DAVID FOSTER DEBORAH PAGE AM TONI THORNTON NON-EXECUTIVE NON-EXECUTIVE BOARD OBSERVER BOARD OBSERVER BOARD OBSERVER DIRECTOR DIRECTOR (Subject to regulatory approvals and to (Subject to regulatory approvals) be effective 1 February 2023) (Subject to regulato
Slide 10: Annual General Meeting – Robbie Cooke, Managing Director & CEO
ANNUAL GENERAL MEETING TUESDAY, 22 NOVEMBER 2022 ROBBIE COOKE, MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
Slide 11: Our Properties
OUR PROPERTIES THE STAR SYDNEY THE STAR GOLD COAST TREASURY BRISBANE 11
Slide 12: The 2022 Financial Year Results
THE 2022 FINANCIAL YEAR RESULTS FY2022 GROUP PERFORMANCE NORMALISED3 STATUTORY HIGHLIGHTS $M VS PCP4 $M VS PCP4 GROSS REVENUE 1,532 2% 1,534 2% EBITDA1 235 45% 238 44% NPAT2 (33) N.M. (203) N.M. 1. EBTIDA is before equity accounted investment profits/losses and significant items. 2. Normalised NPAT
Slide 13: Financial Results
FINANCIAL RESULTS ♦ COVID-19 impacted earnings in 1H FY2022 and into 2H FY2022 ♦ 2H FY2022 - domestic revenue began to recover COVID-IMPACTED EARNINGS, SOLID 4Q ♦ 4Q FY2022 more normal operating conditions FY2022 • Underlying EBITDA $119m • Domestic revenue up 11% on 4Q FY2019 − Gold Coast up 48% −
Slide 14: The Star Gold Coast Development
THE STAR GOLD COAST DEVELOPMENT ISOLETTO POOL CLUB AND ISOLETTO PRIVÉ DECK THE STAR RESIDENCES RECREATION DECK 14
Slide 15: The Star Gold Coast Development
THE STAR GOLD COAST DEVELOPMENT OCTOBER 2021 NOVEMBER 2022 15
Slide 16: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE Concept Image Only 16
Slide 17: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE OCTOBER 2021 NOVEMBER 2022 17
Slide 18: The Star Sydney
THE STAR SYDNEY Concept image only. Subject to planning and other approvals THE STAR SYDNEY – POTENTIAL NORTHERN TOWER EXPANSION* 18
Slide 19: Sustainability
SUSTAINABILITY 26 % 22 % 27 % RESPONSIBLE CARBON ENERGY WATER BUSINESS SAVINGS* SAVINGS* SAVINGS* S U STAI NAB LE D E STI NATI O N S OVER 15 TONNES OF TEXTILE DIVERTED FROM LANDFILL 2.4 TONNES OF FOOD DONATED TO OZHARVEST The Star continues to be a constituent 0 of the FTSE4Good Index *by intensity
Slide 20: Sustainability – Corymbia Farm and Sanctuary
SUSTAINABILITY CORYMBIA FARM AND SANCTUARY 20
Slide 21: Community and Charitable Partnerships
COMMUNITY AND CHARITABLE PARTNERSHIPS The Star partners with a number of community organisations, charities and not-for-profits in Sydney, Brisbane and the Gold Coast to make a positive impact on the communities we call home 21
Slide 22: Diversity and Inclusion
DIVERSITY AND INCLUSION TARGETS RECOGNITION The Star's diversity, equity and inclusion Workplace Gender Equality proposition is represented in all areas of our Agency ‘Employer of Choice’ 2022 business and team member experiences. Our dedication to diversity and inclusion is the foundation of our cu
Slide 23: Priorities for Year Ahead
PRIORITIES FOR YEAR AHEAD ♦ Demonstrate our suitability to hold casino licenses in NSW and Queensland ♦ Optimise operations ♦ Progress major projects ♦ Complete previously announced asset sales ♦ Opportunity remains to unlock the underlying value of the Group’s property assets 23
Slide 24: Trading Update
TRADING UPDATE ♦ The Queensland Casinos are performing strongly while Sydney has been impacted by compliance changes post the Bell Review along with some competition impacts ♦ In the period from 1 July 2022 to 15 November 2022, Gold Coast domestic revenue was up 32% on pre-COVID levels1, Brisbane wa
Slide 25: Basis of Preparation and Non-IFRS Information
THE STAR ENTERTAINMENT GROUP LIMITED (ASX: SGR) BASIS OF PREPARATION AND NON-IFRS INFORMATION ♦ Information in this presentation is provided as at the date of the presentation unless specified otherwise. It should be read in conjunction with The Star Entertainment Group Limited’s financial report fo
Slide 26: Thank You for Joining Us Today
ANNUAL GENERAL MEETING TUESDAY, 22 NOVEMBER 2022 THANK YOU FOR JOINING US TODAY The Star Entertainment Group Limited – ACN: 149 629 023 – ASX Code: SGR
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