Churchill Downs, Incorporated · NASDAQ:CHDN
Churchill Downs — Shareholder Meeting (June 2010)
22 slides from Churchill Downs's shareholder meeting presentation, Jun 17, 2010
Slide 1: 2010 Shareholders' Meeting
2010 Shareholders’ Meeting June 17, 2010 Churchill Downs Racetrack Louisville, KY Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements In addition to historical facts or statements of current conditions, this document contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, expectations or be
Slide 3: Building a Growth-Based Company
Churchill Downs Incorporated Building a Growth-Based Company Annual Shareholders Meeting Bob Evans, President & CEO June 18, 2009 Louisville, Kentucky
Slide 4: Racing is Our Core Business
Gaming Entertainment Online Racing Racing … the Kentucky Oaks and Kentucky Derby and days of racing at our tracks: Arlington Park, Calder Race Course, Churchill Downs Racetrack and Fair Grounds Race Course. Entertainment … HullabaLOU Music Festival; Fork, Cork & Style and other events in development
Slide 5: Revenue and EBITDA by Segment
A C B D 69% 16% 14% 1% Racing Online Gaming Entertainment & Other 93% 0% 6% 1% EBITDA Up 30% Core business EBITDA EBITDA from hurricane insurance gains 53% 21% 28% -3% Racing Online Gaming Entertainment & Other 88% 0% 15% -2% Revenue Up 17% Revenue Earnings Before Interest, Taxes, Depreciation & Amo
Slide 6: U.S. Thoroughbred Industry Handle
U.S. Thoroughbred Industry Handle (000's of Dollars) 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 Source: The Jockey Club Online Fact Book --2010 Projected based on extrapolation of May year-to-date actual data to the full year
Slide 7: Consumer Wagering on Thoroughbred Racing and Casinos as % of Income
Source: The Jockey Club Online Fact Book --U.S. Department of Commerce, Bureau of Economic Analysis --American Gaming Association --2010 Projected based on extrapolation of First Quarter actual data to the full year Consumer Wagering on Thoroughbred Racing and at Casinos as % of U.S. Disposable Pers
Slide 8: Number of U.S. Thoroughbred Races
Number of U.S. Thoroughbred Races 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Proj. Source: The Jockey Club Online Fact Book --2010 Projected based on extrapolation of May year-to-date actual data to the full year
Slide 9: U.S. Thoroughbred Foal Crop
U.S. Thoroughbred Foal Crop +3 Years 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 Source: The Jockey Club Online Fact Book --Data has been time-shifted to illustrate the effect of one year’s foal crop on the number of 3-year-olds three years later
Slide 10: Churchill Downs is Investing in the Future of Racing
Churchill Downs is Investing in the Future of Racing Our $120 million investment in our casinos at Fair Grounds and Calder could generate over $20 million in purses Our $220 million investment in TwinSpires.com and Youbet.com will generate over $39 million in purses. Churchill Downs will host the Br
Slide 11: Margins by Wagering Channel
On Track Live Internet (ADW) Rebate Other Tracks and OTBs % of Total Handle 11% 9% 10% 70% Margins % of Handle to CDI 8.5% 4.5% 3.1% 1.9% % of Handle to Purses 8.5% 5.5% 3.1% 1.9% Margins by Wagering Channel Note: These are averages, amounts by track will vary
Slide 12: Oaks and Derby Attendance and Handle Records
Oaks attendance of 116,046 a new record 21% above Preakness attendance 61% above Belmont attendance* Oaks (full-day) handle of $36 million also a new record * (source: Business First) Derby attendance of 155,804 up 1.5% over 2009, 6th highest ever Derby (full-day) handle of $163 million th highest e
Slide 13: Derby Preps and Television Viewership
Prep 1 LA Derby Lane’s End Prep 2 SA Derby Wood Mem. Prep 3 AR Derby Bluegrass KY Oaks KY Derby Mar. 27 Apr. 3 Apr. 10 Apr. 30 May 1 Average Derby Preps viewership of 1.2 million up 37%; more female (52% vs. 40%); and younger (by years). Derby viewership of 16.5 million an all-time record. CDI now p
Slide 14: Calder Casino Opened January 22, 2010
Calder Casino Opened January 22, 2010
Slide 15: Our Gaming Business Produced 14% of our Revenue
Our Gaming Business Produced 14% of our Revenue and 28% of our EBITDA in 2009 Number of Machines Annual Gross Gaming Revenue Annual Purse Contribution % Increase in Purses Fairgrounds Slots $44.8 million $8.1 million +52% Louisiana Video Poker $32.7 million $6.5 million (8)% Calder Casino 1,245 $80-
Slide 16: Our Online Business Produced 16% of our Revenue
Our Online Business Produced 16% of our Revenue and 21% of our EBITDA in 2009 (7 Months) Q1 2010 (3 months) CDI Online Business Handle $86.6 mil. $234.4 mil. $329.7 mil. $83.0 mil. % of Total U.S. Thoroughbred Handle 0.6% 1.7% 2.7% 3.0% CDI Online Business Revenue $18.3 mil. $46.7 mil. $64.3 mil. $1
Slide 17: Online Business Growth with Youbet.com Acquisition
Our Online Business Should Continue to Grow With the Acquisition of Youbet.com New TwinSpires.com / Youbet.com Customer Call Center in Lexington, KY (approx. employees) + ( 7 Months for TwinSpires.com ) Q1 2010 (3 months) CDI Online Business Handle $86.6 mil. $234.4 mil. $329.7 mil. $83.0 mil. Yoube
Slide 18: Churchill Downs Entertainment
churchill downs entertainment Friday, July23 Bon Jovi Saturday, July 24 Kenny Chesney Sunday, July25 Dave Matthews Band 5 Stages with Over 65 Performers steve Miler Band
Slide 19: Entertainment
Entertainment
Slide 20: Supporting Our Communities
Supporting Our Communities In the past year, CDI has contributed over $ 2.0 million
Slide 21: Churchill Downs Incorporated Stock Price
Churchill Downs Incorporated Stock Price (NASDAQ: CHDN) (thru June 10th) Annual Performance Rank: Annual Share Price Change Top CHDN +22.3% CHDN -13.5% CHDN -16.1% Russell 2000 +26.9% Middle S&P 500 +12.7% S&P 500 -17.4% Russell 2000 -20.4% S&P 500 +19.7% Bottom Russell 2000 +9.4% Russell 2000 -18.5
Slide 22: CDI: Racing, Gaming & Entertainment Delivered Onsite & Online
CDI: Racing, Gaming & Entertainment Delivered Onsite & Online Page 22