Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — Investor Presentation (May 2012)

31 slides from Genting Malaysia Bhd's investor presentation, May 2012

  1. Slide 1: Corporate Presentation

    Corporate Presentation Genting Malaysia Berhad (“GENM”) May 2012 1

  2. Slide 2: Agenda

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

  3. Slide 3: ryereayvaln nm rham)

    ryereayvaln nm rham) 3ENTING MALAYSIA

  4. Slide 4: Overview

    Overview  Market capitalisation of RM22 billion (US$7 billion)  Resorts World Genting - Asia’s leading integrated leisure & entertainment resort  Over 20 million visitors in 2011 (2010: 19.9 million visitors)  Over 14,000 employees  Over 3.2 million Genting loyalty WorldCard™ members  More tha

  5. Slide 5: Corporate Structure – Leisure & Hospitality

    Corporate Structure – Leisure & Hospitality Genting Berhad Berhad 49.4% Leisure, hospitality, Others entertainment and gaming 18.44% 100% 100% 100% 100% 50% 100% 50% 5

  6. Slide 6: Snapshot of GENM - Market performance

    Snapshot of GENM - Market performance GENM share price performance relative to KLCI Average volume traded daily Currently the 9th largest gaming company Source : Bloomberg (as at 22th May 2012) 6

  7. Slide 7: Global Peer Comparison

    Global Peer Comparison EBITDA (US$) by Property in 2011 Source: Respective company reports … Amongst the world’s largest gaming property 7

  8. Slide 8: SSAamamenall Ylaalalliampyte

    SSAamamenall Ylaalalliampyte

  9. Slide 9: Financial Performance at a Glance – FY2011

    Financial Performance at a Glance – FY2011 Strong full year results (2011):  Resilient Malaysian operations • EBITDA margins – consistent • Higher hold % in the premium players business  Full year contribution from UK’s operations  US operations • Maiden contribution from RWNYC • One-off property

  10. Slide 10: Financial Performance at a Glance – 1Q12

    Financial Performance at a Glance – 1Q12 1st quarter 2012:  Lower revenue from L&H business in Malaysia • Weaker hold percentage in premium business players • Increase in direct operating costs  Slight decrease in EBITDA from UK’s operations due to bad debt written off  US operations • Completion

  11. Slide 11: Revenue and Adjusted EBITDA

    Revenue and Adjusted EBITDA Review of Performance  Revenue growth: ↑59% y-o-y to RM8,494 million (5-year CAGR: 18.2%)  Adjusted EBITDA growth : ↑15% y-o-y to RM2,330 million (5-year CAGR: 7%) ……….… Overseas operations to contribute further 11

  12. Slide 12: Capital Management Strategy

    Capital Management Strategy Share Buy Back  Initiated since July 2007  To date, bought back 265m shares for RM890m  4.47% of total issued capital Dividend  Dividend growth: ↑8% in 2011 (5-year CAGR: 8%)  Dividend payout ratio (over adjusted earnings) of 25% …………… Continuing emphasis on capital

  13. Slide 13: Aerial view of Resorts World Genting

    Aerial view of Resorts World Genting 13

  14. Slide 14: Resorts World Genting – Performance Review

    Resorts World Genting – Performance Review Resilient Malaysian operations (FY11 review):  Revenue growth ↑7% y-o-y despite regional competition:  Volume of business ↑  Average spend per visitor ↑  5-year CAGR : 6%  Adjusted property EBITDA ↑6%:  Margins consistent at 39%  Managing operational

  15. Slide 15: Resorts World Genting - Consistently High Occupancy Rates

    Resorts World Genting - Consistently High Occupancy Rates  2.7 million room nights sold - Bus Program underpinned weekday occupancy  WorldCardTM members took up 64% in FY11 of room sold (FY10: 61%)  Malaysians took over 63% of rooms sold  Day trippers in excess of 70% of total visitors ……. Consi

  16. Slide 16: Regional competition

    Regional competition Segment Resorts World Genting’s resilience  A strong 65% revenue mix for mass market business  Strong domestic support Mass  Locals form bulk of our 20m+ visitors Market  WorldCardTM loyalty program  Competitive room rates, F&B and Theme Park prices … providing great value

  17. Slide 17: GENTING

    C ie) a GENTING 17

  18. Slide 18: Genting Club Riverlights

    Genting Club Riverlights 18

  19. Slide 19: Genting UK performance

    Genting UK performance  Largest casino operator in UK in terms of number of casinos (44 casinos and a poker club)  Visitors ↑ 9% - 3.7m (FY11) vs 3.4m (FY10) – London ↑ 11% – Provincial ↑ 9% Revenue Split (FY11) ……. Revenue growth and improved margins 19

  20. Slide 20: View of Mint Casino

    View of Mint Casino Artist impression of Resorts World At The NEC, subject to change 20

  21. Slide 21: Resorts World At The NEC - Background

    Resorts World At The NEC - Background  Awarded a large casino licence to develop a leisure and entertainment complex at the National Exhibition Centre (“NEC”) in Birmingham, England  Resorts World At The NEC is expected to be operational by 2015  Investment commitment circ. £120 million  Resorts

  22. Slide 22: Resorts World At The NEC – Strategic Proximity

    Resorts World At The NEC – Strategic Proximity 22

  23. Slide 23: New York

    NEW YORK 23

  24. Slide 24: RWNYC – Key Features

    RWNYC – Key Features Opened with full capacity in Dec 2011 Area  2 Gaming floors & 1 Convention floor Number of machines  5,000 VLTs and ETGs F&B facilities  Signature Restaurant, Chinese Cuisine, Food Court, 300- seat International Buffet, Player Lounges, Feature Bar Transport facilities  Linka

  25. Slide 25: Resorts World Casino New York City – Aerial View

    Resorts World Casino New York City – Aerial View …………… Strategically located on the New York Subway 25

  26. Slide 26: RWNYC– Encouraging Performance

    RWNYC– Encouraging Performance Highlights  Since Jan 2012, the average win per unit per day (“WPU”) is above USD360.  Within 2 months of operations, RWNYC Yonkers is the nearest competitor to RWNYC in the state of New York. contributed approx. 50% of the statewide net win growth (15.5%) in 2011. 

  27. Slide 27: OMNI Center

    OMNI Center Location Overview – Downtown Miami, Florida 27

  28. Slide 28: Investment in Miami – Overview

    Investment in Miami – Overview  Assembled a contiguous 30-acres prime freehold waterfront site in downtown Miami to date, including Miami Herald and OMNI Center (Total investment cost = USD442 mil)  Assembled a contiguous 30-acres prime freehold waterfront site to date  Master plan for Resorts Wo

  29. Slide 29: GENTING

    GENTING MALAYSIA

  30. Slide 30: Prospects and Focus

    Prospects and Focus Resorts World Genting  On-going yield management strategies  Increase efforts to capture the regional growth of the leisure and hospitality business  Property refurbishment programme Genting UK  Reposition provincial properties with a more leisure-centric concept  Improve li

  31. Slide 31: 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

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