Star Entertainment Group Limited · ASX:SGR
Star Entertainment — The Star Entertainment Group — Shareholder Meeting (October 2016)
25 slides from Star Entertainment's shareholder meeting presentation, Oct 28, 2016
Slide 1: For personal use only
For personal use only Concept image only Concept image only
Slide 2: Annual General Meeting, Friday 28 October 2016
For personal use only ANNUAL GENERAL MEETING FRIDAY 28 OCTOBER 2016
Slide 3: Annual General Meeting: John O'Neill, Chairman
For personal use only ANNUAL GENERAL MEETING FRIDAY 28 OCTOBER 2016 John O’Neill, Chairman The Star Entertainment Group The Star Entertainment Group Limited - ACN 149 629 023
Slide 4: Update on International VIP Rebate Business
UPDATE ON INTERNATIONAL VIP REBATE BUSINESS For personal use only ♦ On 17 October 2016, Crown Resorts announced that 18 of its employees have been detained by Chinese authorities. At its AGM on 20 October 2016, Crown Resorts noted that there is no information at this stage on the reasons for their d
Slide 5: The 2016 Financial Year
THE 2016 FINANCIAL YEAR For personal use only ACTUAL GROSS ♦ The 2016 financial year was another year of: REVENUE ($M) • Earnings growth, 2,358 • Improved performance, and $2,358M 1,897 2,258 ACTUAL GROSS • Delivery against strategic priorities in order to REVENUE continue to position the company fo
Slide 6: The 2016 Financial Year
THE 2016 FINANCIAL YEAR For personal use only EARNINGS PER ♦ Significant contributions made to the Australian, New South SHARE (CENTS) Wales and Queensland economies in FY2016: 23.6 • 72% of pre-tax profits paid to all levels of government 23.6 CENTS 20.5 EARNINGS 12.9 • Employed over 8,500 team mem
Slide 7: Our Properties and Developments
OUR PROPERTIES AND DEVELOPMENTS For personal use only Concept image only Concept image only Gold Coast Queen’s Wharf Brisbane The Star Sydney Up to $845m expansion $3bn development Up to $1bn expansion Note: Images are concept only. Property capital projects are subject to all approvals 7
Slide 8: Our Board of Directors
OUR BOARD OF DIRECTORS For personal use only John O’Neill AO Matt Bekier Katie Lahey AM Richard Gerard Bradley Sally Pitkin Greg Hayes Chairman and Managing Non Executive Sheppard Non Executive Non Executive Non Executive Non Executive Director and Director Non Executive Director Director Director D
Slide 9: Annual General Meeting: Matt Bekier, Managing Director and CEO
For personal use only ANNUAL GENERAL MEETING FRIDAY 28 OCTOBER 2016 Matt Bekier, Managing Director and CEO The Star Entertainment Group The Star Entertainment Group Limited - ACN 149 629 023
Slide 10: The Star Sydney – Design Excellence Competition
THE STAR SYDNEY – DESIGN EXCELLENCE COMPETITION For personal use only Concept image only Concept image only Concept image only 10
Slide 11: The Star Sydney Development
THE STAR SYDNEY DEVELOPMENT For personal use only ♦ Up to $1bn investment previously disclosed including additional proposed tower announced at 1H FY2016 results ♦ Scale of property to be expanded to ~1,000 hotel rooms and residences (including Ritz Carlton hotel and luxury residences), with signatu
Slide 12: The 2016 Financial Year Results
THE 2016 FINANCIAL YEAR RESULTS For personal use only ♦ Statutory NPAT of $194 million, up 14.9% on FY2015 ♦ Normalised NPAT of $241 million, up 23.4% on FY2015 ♦ Actual EBITDA of $489 million, up 7.5% on FY2015 ♦ Normalised EBITDA of $556 million, up 14.1% on FY2015 ♦ Actual gross revenue of $2,358
Slide 13: Key Drivers of the 2016 Financial Year Results
KEY DRIVERS OF THE 2016 FINANCIAL YEAR RESULTS For personal use only ($m) 700 +14.1% 44.7 29.4 on pcp 38.8 +7.5% 600 13.7 78.6 556.2 67.4 on pcp 32.8 487.4 488.8 500 454.6 400 300 200 100 0 FY2015 International FY2015 The Star Queensland International Gaming taxes, Operating FY2016 International FY2
Slide 14: Three Year Financial Results Summary
THREE YEAR FINANCIAL RESULTS SUMMARY For personal use only Reported Results FY2014 FY2015 FY2016 $ millions $ millions % change $ millions % change Statutory Revenue $1,805.7 $2,140.3 18.5% $2,268.1 6.0% EBITDA $387.1 $450.8 16.5% $488.8 8.4% EBIT $241.5 $287.1 18.9% $325.0 13.2% NPAT $106.3 $169.3
Slide 15: Our Award Winning Properties
OUR AWARD WINNING PROPERTIES For personal use only QUEENSLAND THE STAR SYDNEY ♦ Our Queensland properties ♦ The Star, one of Sydney’s continue to gain industry most awarded entertainment acclaim receiving 24 awards and tourism destinations in FY2016, most notably received 26 awards in Kiyomi receivi
Slide 16: Our People and Programs
OUR PEOPLE AND PROGRAMS For personal use only REWARD AND RECOGNITION STAND OUT TEAM MEMBERS Jeremy Allen Executive Sous Chef Colin Taylor HACCP Manager Lauren Curmi 8,500+ Sous Chef Charlie Mei Team members Director of across the Group Customer Relations – Vietnamese 16
Slide 17: Impact of Chinese Tourism
IMPACT OF CHINESE TOURISM For personal use only DRAMATIC UPWARD TRENDS IN SPEND AND VISITATION Spent by Chinese visitors in year to June $8.9 billion 2016 at an average $8,100 per trip Increase in overall spend by Chinese 27% visitors on pcp Spent by UK visitors in year to June $3.8 billion 2016 at
Slide 18: Queen's Wharf Brisbane Development
QUEEN’S WHARF BRISBANE DEVELOPMENT For personal use only ♦ Expected budget for the Integrated Resort of around $2bn, The Star’s share of capex around $1bn (excluding Treasury repurposing and DBC partners’ residential developments) ♦ Long-dated casino licence with attractive terms and joint venture a
Slide 19: Gold Coast Development and Masterplan
GOLD COAST DEVELOPMENT AND MASTERPLAN For personal use only ♦ $845m investment previously disclosed with additional proposed investments announced at 1H FY2016 results ♦ Scale of property to be expanded to approximately 1,400 hotel rooms and residences with signature gaming facilities, over 20 resta
Slide 20: Rebranding & The Star Club
REBRANDING & THE STAR CLUB For personal use only ♦ First year under the name of The Star Entertainment Group • The Star Sydney has already rebranded • Jupiters to transition to The Star Gold Coast early next year • The Star Brisbane will come into effect when Queen’s Wharf becomes operational ♦ Laun
Slide 21: Group Year to Date Trading (Unaudited)
GROUP YEAR TO DATE TRADING (UNAUDITED) For personal use only ♦ For the period from 1 July to 22 October 2016, actual group revenues are up 12.8% on the pcp, whilst normalised group revenues are down 2.0% on the pcp ♦ Domestic revenues (excluding International VIP Rebate business) is broadly flat ver
Slide 22: Priorities for the Next 12 Months
PRIORITIES FOR THE NEXT 12 MONTHS For personal use only ♦ Priorities for FY2017 focused on enhancing long-term growth and shareholder value 1. Secure planning approvals and execute property development plans at the Sydney and Gold Coast properties in partnership with CTF and FEC 2. Deliver on the ne
Slide 23: Thank you for joining us today
For personal use only ANNUAL GENERAL MEETING FRIDAY 28 OCTOBER 2016 Thank you for joining us today
Slide 24: Basis of Preparation and Non-IFRS Information
THE STAR ENTERTAINMENT GROUP LIMITED (ASX: SGR) For personal use only 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
Slide 25: Annual General Meeting, Friday 28 October 2016
For personal use only ANNUAL GENERAL MEETING FRIDAY 28 OCTOBER 2016
The Star Entertainment Group — Shareholder Meeting (October 2016) on 6ix