Full House Resorts, Inc. · NASDAQ:FLL
Full House Resorts — Q3 2019 Earnings Presentation
23 slides from Full House Resorts's earnings presentation, October 2019
Slide 1: Investor Update October 2019
Investor Update October 2019
Slide 2: Forward-looking Statements & Regulation G
Forward-looking Statements & Regulation G 2 This presentation contains statements by Full House and its officers that are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither
Slide 3: Illustrative Impact of Sports Wagering and Indiana Tax Reduction
Illustrative Impact of Sports Wagering and Indiana Tax Reduction 3 (Dollars in millions) + $9.5+ million + (1) (2) (1) Colorado sports wagering is contingent upon the ratification of sports wagering by Colorado voters on November 5, 2019. (2) Scheduled to begin on July 1, 2021
Slide 4: Illustrative Impact of Sports Wagering and Indiana Tax Reduction
Illustrative Impact of Sports Wagering and Indiana Tax Reduction 4 (Dollars in millions) + + Discretionary Free Indiana Sports Colorado Sports Indiana Gaming Tax Illustrative Cash Flow (1) Revenue Guarantees Revenue Guarantees (2) Reduction (3) Pro Forma (1) Calculated as LTM EBITDA of $17.4 million
Slide 5: Silver Slipper: 3Q19
Silver Slipper: 3Q19 5 • Consistent results despite the weekend impact of Hurricane Barry
Slide 6: Rising Star: 3Q19
Rising Star: 3Q19 6 • Reflects continued road construction and a broad marketing campaign to introduce Rising Star’s newest amenities
Slide 7: Rising Star: Ben's Bistro
Rising Star: Ben's Bistro | Star: Ben's Bistro a
Slide 8: Sports Wagering Update
Sports Wagering Update 8 ● All of the Company’s sports wagering opportunities in Indiana and Colorado have now been contracted ● Contractual minimum of $7.0 million of annual revenue* ○ Annual revenue guarantees begin upon launch of mobile wagering ● $3 million of one-time market access fees have be
Slide 9: Rising Star: Sportsbook Casino
Rising Star: Sportsbook Casino 9
Slide 10: Rising Star: Sportsbook Casino
Rising Star: Sportsbook Casino 10
Slide 11: Bronco Billy's: 3Q19
Bronco Billy’s: 3Q19 11 • Operational growth due to new leadership and significant marketing changes
Slide 12: Bronco Billy's: Parking Garage Construction
Bronco Billy’s: Parking Garage Construction 12
Slide 13: Bronco Billy's: Phase Two Expansion
Bronco Billy’s: Phase Two Expansion 13
Slide 14: Northern Nevada: 3Q19
Northern Nevada: 3Q19 14 • Consistent results in Northern Nevada segment
Slide 15: Stockman's: Steakhouse Renovation
Stockman’s: Steakhouse Renovation 15
Slide 16: Casino Proposal: American Place in Waukegan, Illinois
Casino Proposal: American Place in Waukegan, Illinois 16 ● Proposal includes a $275m to $325m development with a world-class casino, 20-villa ”mansion,” 1500-seat live entertainment venue, and gourmet restaurant ● Proposed temporary casino would create jobs and tax revenues during the construction p
Slide 17: Casino Proposal: American Place in Waukegan, Illinois
Casino Proposal: American Place in Waukegan, Illinois 17
Slide 18: Casino Proposal: American Place in Waukegan, Illinois
Casino Proposal: American Place in Waukegan, Illinois 18
Slide 19: Casino Proposal: La Posada del Llano in Clovis, New Mexico
Casino Proposal: La Posada del Llano in Clovis, New Mexico 19 ● Awaiting clarity from the new members of the New Mexico Racing Commission
Slide 20: GAAP Reconciliation
GAAP Reconciliation 20 Reconciliation of Operating Income (Loss) to Adjusted Property EBITDA and Adjusted EBITDA (In Thousands, Unaudited)
Slide 21: GAAP Reconciliation
GAAP Reconciliation 21 Reconciliation of Operating Income (Loss) to Adjusted Property EBITDA and Adjusted EBITDA (In Thousands, Unaudited)
Slide 22: GAAP Reconciliation
GAAP Reconciliation 22 Reconciliation of Net Income (Loss) and Operating Income (Loss) to Adjusted EBITDA
Slide 23: GAAP Reconciliation
GAAP Reconciliation 23 Reconciliation of Net Income (Loss) and Operating Income (Loss) to Adjusted EBITDA