RGB International Bhd. · MYX:RGB
RGB International Bhd — FY2010 Earnings Presentation
22 slides from RGB International Bhd's earnings presentation, March 2011
Slide 1: FYE 2010 Results
RGB International Bhd. (603831-k) (Formerly known as Dreamgate Corporation Bhd.) @ FYE 2010 Results March 2011 ce Ge | WWWTgD iwwwergbgamesscom) com
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements (including, without limitation, statements regarding the enhancement of shareholder value, and information and future guidance on our goals, priorities, orders, revenues, demand, growth opportunities, customer service and in
Slide 3: Content
Content Page Highlights 4 Business Segments Updates Mr. Steven Lim Tow Boon 6 Chief Operating Officer Financial Overview Ms. Teh Mun Hui 13 Group Finance Director Outlook, Targets & Strategies Datuk Chuah Kim Seah, JP 19 Group Managing Director
Slide 4: Highlights
Highlights
Slide 5: Highlights 4Q 2010
Highlights 4Q 2010 Remaining machines from mobilization plan are to be completed by end Business 2011 with the concession from PAGCOR. PAGCOR. Revenue increased Q-o-Q by 68% 68% contributed mostly by better sales from SSM. SSM. Financial EBITDA before Impairment improved Y-o-Y by 32% 32% due to bett
Slide 6: Business Segments Updates
Business Segments Updates
Slide 7: SSM: No. of Machines Sold in 2010
SSM: No. of Machines Sold in 2010 Reduced sales due to uncertain political climate in the Philippines, absence of new projects and soft replacement market Target Actual machines to machines 2010 be sold sold FYE Machines Target vs. vs FYE 2010 2010 sold in 2009 Actual 2009 Country (units) (units) (u
Slide 8: TSM: Concession Venues
TSM: Concession Venues Closure of outlets No. of Venues No. of Machines placed As at As at As at As at Dec Country Dec 2010 Dec 2009 Difference Dec 2010 2009 Difference Cambodia 13 11 2 2,192 2,038 154 Philippines 15 17 (2) 1,824 2,016 (192) Vietnam 1 3 (2) 58 154 (96) Macau 5 6 (1) 426 888 (462) La
Slide 9: TSM: Update on Mobilisation Plan
TSM: Update on Mobilisation Plan Delayed deployment of affected machines to 2011 26 Status update as at 31 Dec 2010 137 67 Yet to be in operations Cambodia Total machines Scrapped 1,470 Sale to third party 1,240
Slide 10: TSM: New Concessions in 2010
TSM: New Concessions in 2010 Units of machines Commencement No. Country Concession Venues deployed Date 1 Cambodia Silver World Casino, Bavet 24 Dec 2010 2 Sokha Vegas Casino, Sihanoukville 60 Dec 2010 3 Mocbai Casino 2, Bavet 38 Dec 2010 Sub-total Cambodia: 3 122 4 Macau Greek Mythology 56 Dec 2010
Slide 11: TSM: Cessation of concessions in 2010
TSM: Cessation of concessions in 2010 No. Country Concession location No. of venue Remark(s) 1 Cambodia Poipet - Princess Crown Casino 1 Merged operations with Genting Crown Sub-total 1 2 Philippines PAGCOR Ronquillo 1 Relocation 3 PAGCOR Heritage 1 Relocation Sub-total 2 4 Vietnam Rex Hotel 1 Tempo
Slide 12: Financial Overview
Financial Overview SS SS BUILT FOR CHAMPS!
Slide 13: Performance of 2010
Performance of 2010 Revenue increased Q- Q-o-Q; attributed to higher contribution from SSM 4Q10 3Q10 Q-o-Q 2010 2009 Y-o-Y RM mil RM mil % RM mil RM mil % Revenue 62,880 37,475 67.79 158,614 170,202 (6.81) EBITDA* before impairment 6,306 11,907 (47.04) 30,511 23,060 32.31 (Loss) / Profit Before Tax
Slide 14: Key Ratios
Key Ratios Better liquidity 3 months ended 12 months ended 31 Dec 2010 31 Dec 2009 2010 2009 Gross profit margin 7.40% 14.70% 3.40% 16.32% Current ratio 62.96% 53.76% 62.96% 53.76% Quick ratio (excluding inventory) 57.25% 48.24% 57.25% 48.24% Gearing ratio borrowings - Gross 138.16% 103.45% 138.16%
Slide 15: Revenue by Business Segments
Revenue by Busines Businesss Segments Reduced contribution from SSM resulted in lower 2010 revenue Better performance of TSM 5% existing outlets 2010 - RM158 mil 100 52% Solely from Chateau 90 2009 - RM170 mil L&E 44% with full year 80 contribution 43% 45% 70 40% • Soft replacement 60 market 50 • Ab
Slide 16: Major Cost Components in 2010
Major Cost Components in 2010 Continued focus on cost management 8,268 Impairment & Write-offs 30,314 71,780 Depreciation 51,871 1,363 *Transportation 2,953 Salary, Allowance & 15,994 Emoluments 17,244 2010 = RM131 mil Upkeep of Machineries (TSM) 1,540 2009 = RM134 mil 2,321 Others 17,498 17,294 Leg
Slide 17: Capex and Sources of Funding
Capex and Sources of Funding 160 Capex Incurred For Past 5 Years (RM mil) Capex increase as certain new concession 2009 venues especially in Philippines and Macau 140 require new machines to be placed 2010 Acquired 225 machines for TSM concessions 120 100 2011 Acquisition of 250 machines for upgradi
Slide 18: EBITDA by Segments
EBIDTA by Segments EBITDA before Impairment improved y- y-o-y by 32% RM’000 50,000 45,889 2010 = RM30.511 mil 40,000 32,260 30,000 2009 = RM23.060 mil 20,000 TSM 42% y-o-y arising from: • better revenue per machines in existing clubs 10,000 5,858 in the Philippines and Macau 0 (8,899) 604 • lower mo
Slide 19: Outlook, Targets & Strategies
Outlook, Targets & Strategies
Slide 20: Outlook for 2011 1/2
Outlook for 2011 1/2 A better year ahead Division Outlook Targets Strategies Sale of 1,200 machines • Focus on replacement market SSM Relatively promising inclusive of RGBGames • Develop expansion market units • Promote the RGBGames brand • Mobilise the remaining 1,200 machines • Deploy 1,700 machin
Slide 21: Outlook for 2011 2/2
Outlook for 2011 2/2 A better year ahead Division Outlook Target Strategies • Increasing the number of cash tables (without junket commission) • Reduce non-core gaming L&E Cautious Break-even in 2011 activities • Leasing of floor space to 3rd parties to generate fixed monthly income • Finalise sale
Slide 22: Q&A
Q&A For information, please contact RGB International Bhd. at Telephone: +604-2631111 | Email: ir@rgbgames.com