Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — BofAML ASEAN Stars Conference 2014

28 slides from Genting Malaysia Bhd's conference presentation, March 2014

  1. Slide 1: Corporate Presentation – BofAML ASEAN Stars Conference 2014

    No. 58019-U Corporate Presentation BofAML ASEAN Stars Conference 2014 March 2014 1

  2. Slide 2: Agenda

    Agenda  Introduction  Financial Highlights  Overseas Operations – United Kingdom – United States and Bahamas  Malaysian Operations – Resorts World Genting  Looking Ahead 2

  3. Slide 3: Overview

    Overview  Market capitalisation of approx. RM24 billion (USD7 billion)  Listed on the Malaysian Stock Exchange (Bursa Malaysia)  A component company of the KL Composite Index  Four leisure, entertainment and gaming operations • Resorts World Genting • Genting Casinos United Kingdom • Resorts Wor

  4. Slide 4: Overview (continued): Resorts World Genting

    Overview (continued) Resorts World Genting (“RWG”) – A leading integrated leisure & entertainment resort • 19.6 million visitors in FY13 (FY12: 20.5 million visitors) •  14,000 employees •  3.5 million Genting loyalty card members •  9,000 rooms at the Resorts World Genting • Adjusted EBITDA of R

  5. Slide 5: Overview (continued): Genting Casinos United Kingdom

    Overview (continued) Genting Casinos United Kingdom (“Genting UK”) – A leading casino operator in the UK • 4.0 million visitors in FY13 (FY12: 3.8 million visitors) • Operates 41 casinos (London: 6, Provincial: 35) • > 3,000 employees • Adjusted EBITDA of £47 million in FY13 (FY12: £41 million) 5

  6. Slide 6: Overview (continued): Resorts World Casino New York City

    Overview (continued) Resorts World Casino New York City (“RWNYC”) – New York’s leading video gaming machine facility • Opened on 28 Oct 2011 • 12 million visitors in FY13 (FY12: 11 million) • Equipped with 5,000 gaming machines and other leisure facilities • > 1,500 employees • Adjusted EBITDA of US

  7. Slide 7: Overview (continued): Resorts World Bimini

    Overview (continued) Resorts World Bimini (“RW Bimini”) – World’s first cruise destination resort • Commenced operations on 28 June 2013 •  65,000 visitors in FY13 • Experience starts in Miami aboard the Bimini SuperFast cruise ferry • Offers gaming, accommodation, leisure and entertainment in the

  8. Slide 8: Corporate Structure – Leisure & Hospitality

    Corporate Structure – Leisure & Hospitality Genting Berhad Berhad 49.3% Leisure, hospitality, Others entertainment and gaming 17.8% 100% 100% 100% 100% 100% 70% 45% 100% 31.4% 8

  9. Slide 9: Genting Malaysia

    Samamenall liclalliclhrte GENTING MALAYSIA

  10. Slide 10: Financial Performance at a Glance – FY2013

    Financial Performance at a Glance – FY2013  Malaysian operations • Higher volume of business and hold percentage • Lower adjusted EBITDA margin due to higher payroll costs and contributions  UK operations • Higher volume of business in London casinos  US and Bahamas operations • Higher volume of

  11. Slide 11: Revenue and Adjusted EBITDA

    Revenue and Adjusted EBITDA Revenue by geography in 2013*: Adjusted EBITDA by geography in 2013*: * 100% Malaysia in 2008 11

  12. Slide 12: Capital Management Strategy

    Capital Management Strategy Dividend  Net dividend per share : 7.13 sen in 2013 (5-year CAGR: 7%)  Dividend payout: ↑8.0% in 2013  Consistent payout ratio  25% Share Buy Back  Initiated since July 2007  To date, bought back 267m shares for RM898m  4.49% of total issued capital 12

  13. Slide 13: UK, US and Bahamas Operations

    (@) < Mm A GP. im CG AS OPERATIONS Fe

  14. Slide 14: Genting UK performance

    Genting UK performance Overview  6 London casinos + 35 provincial casinos FY 2013 Performance  Revenue ↑ 12% y-o-y • London ↑ 12% • Provincial ↑ 12%  Visitors ↑ 5% to 4.04m (FY12: 3.85m) * Revenue split: Provincial – 40%, London – 60% 14

  15. Slide 15: RWNYC Performance

    RWNYC Performance FY2013 Performance  Average Win Per Unit ↑ 16% y-o-y  Market share* of 41% (FY12: 37%)  Visitors ↑ 12% to 12.0m (FY12: 10.7m) * New York Statewide Video Gaming Total Net Win i) RWNYC’s FY13net win - USD785m (FY12: USD672m) ii) NY Statewide FY13 net win - USD1,926m (FY12: USD1,80

  16. Slide 16: 16

    16

  17. Slide 17: RW Bimini and Bimini SuperFast Cruise Ferry

    RW Bimini and Bimini SuperFast Cruise Ferry  Commenced operations on 28 June 2013  70 : 30 joint venture  Total investment outlay in excess of USD300 million Artist impression  Total casino capacity of  40 live table games and 250 slot machines  10 restaurants and bars  SuperFast cruise ferry

  18. Slide 18: Aerial view of Resorts World Genting

    Aerial view of Resorts World Genting 18

  19. Slide 19: RWG – Performance Review

    RWG – Performance Review Consistent Performance:  Revenue growth ↑ 4% y-o-y (FY2013 vs FY2012): • Higher volumes of business and hold percentage  5-year CAGR : 3%  Adjusted EBITDA ↓ 3% (FY2013 vs FY2012):  Adjusted EBITDA margin ↓ to 35% in FY2013 19

  20. Slide 20: RWG – Global Peer Comparison

    RWG – Global Peer Comparison 1 Before management and logo fees to Genting Berhad Sources: Bloomberg and individual company websites (Fx rate as at 31 December 2013) 2 Financial year ending June 2013 ……. Amongst the top 3 property EBITDA margins 20

  21. Slide 21: Genting Integrated Tourism Plan (GITP) – Resorts World Genting

    GENTING INTEGRATED TOURISM PLAN (“GITP”) RESORTS WORLD GENTING 21

  22. Slide 22: GITP – Project Description

    GITP – Project Description Phase 1 (RM 4 billion) (A) RWG Hilltop Development • New hotel near the existing First World Hotel including:  3-star hotel (approx. 1,300 rooms)  Show arena (10,000 pax)  Additional F&B outlets, retail and entertainment areas  Multi-storey car park • 20th Century Fox

  23. Slide 23: GITP – RWG Hilltop Development

    GITP – RWG Hilltop Development New 3-Star Hotel New 20th Century Fox World Genting Mall, Show Arena, New Hotels & 2nd Cable Car Station 23

  24. Slide 24: GITP Groundbreaking ceremony

    GITP Groundbreaking ceremony  Major 10-year master plan for redevelopment of RWG at Genting Highlands  Launch of the 20th Century Fox World Theme Park  Officiated by PM YAB Datuk Seri Mohd Najib Tun Razak on 17 Dec 2013 Highlights:  “Foresees Genting’s transformation plan in the integrated resor

  25. Slide 25: Artist impression

    Artist impression 25

  26. Slide 26: Prospects and Focus

    Prospects and Focus General Prospects  Global economy expected to pick up further in 2014  Stronger indications of improved economic activities in UK and US  Positive longer term outlook for L & H industry Genting UK Artist impression  Confident in further growing the premium players business fo

  27. Slide 27: Prospects and Focus

    Prospects and Focus Resorts World Bimini, Bahamas  Focus on stabilising operations  Expect to launch new luxury hotel in 2H 2014 Resorts World Genting  Focus on yield management and further enhance operational efficiencies  Marketing strategies in place to grow mid and premium segments of the bu

  28. Slide 28: Thank You

    Thank You Visit us at www.gentingmalaysia.com Disclaimer Some of the statements made in this presentation which are not statements of historical facts are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the director

Genting Malaysia Berhad — BofAML ASEAN Stars Conference 2014 on 6ix