Star Entertainment Group Limited · ASX:SGR
Star Entertainment — Echo Entertainment Group — Shareholder Meeting (November 2013)
37 slides from Star Entertainment's shareholder meeting presentation, Nov 8, 2013
Slide 1: Echo Entertainment Group 2013 Annual General Meeting – Chairman
ECHO ENTERTAINMENT GROUP LIMITED ACN 149 629 023 2013 ANNUAL GENERAL MEETING – 8 NOVEMBER 2013 JOHN O’NEILL AO - CHAIRMAN
Slide 2: Board of Directors
BOARD OF DIRECTORS John O’Neill Anne Katie Lahey Richard Gerard John Matt Bekier AO Brennan AM Sheppard Bradley Redmond Chairman and Deputy Chair Non Executive Non Executive Non Executive Managing Chief Financial Non Executive and Non Director Director Director Director and Officer and Director Exec
Slide 3: Echo's Contribution to the Economy and Tourism
ECHO’S CONTRIBUTION TO THE ECONOMY AND TOURISM Echo contributes significantly to the NSW, Queensland and Australian economies: □ Generated over $358m of combined gaming taxes & levies to Government in FY13 □ Employs over 8,000 staff across NSW and Queensland – total employee costs of over $564m in F
Slide 4: Echo Entertainment Group 2013 AGM – CEO
ECHO ENTERTAINMENT GROUP LIMITED ACN 149 629 023 2013 ANNUAL GENERAL MEETING – 8 NOVEMBER 2013 JOHN REDMOND – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Slide 5: CEO Address - Agenda
CEO ADDRESS - AGENDA 1. FY13 RESULTS OVERVIEW – ACHIEVEMENTS AND PRIORITIES 2. FY14 TRADING UPDATE 3. ECHO PROPERTIES – INVESTMENT OPPORTUNITIES 5
Slide 6: FY13 Financial Results Overview
FY13 FINANCIAL RESULTS OVERVIEW □ Statutory FY13 NPAT of $83.5m for the year up 97.9% on pcp. Prior period impacted by higher significant items and a lower win rate FY13 NPAT normalised for win rate and significant items – $126.9m □ Statutory EBITDA (including significant items) up 25.8% on pcp to $
Slide 7: FY13 Key Achievements
FY13 KEY ACHIEVEMENTS A number of achievements in FY13 provide a solid platform for Echo to drive profitability growth in FY14 and beyond: □ Growth of international VIP business – revenue momentum, improved collections and receivables position, improved international sales presence, improved service
Slide 8: Relaunch of Loyalty Program – Absolute Rewards
RELAUNCH OF LOYALTY PROGRAM – ABSOLUTE REWARDS □ Relaunched loyalty program implemented in June 2013 □ Loyalty program now a property wide and group wide program –customers generate and redeem benefits across gaming and non-gaming activities across all properties in the group □ Customer incentives b
Slide 9: Growth of International VIP Business
GROWTH OF INTERNATIONAL VIP BUSINESS □ VIP “front money” up 35% in FY13, gross revenue up 43% to $387m (normalised gross revenue up 27% to $442m) □ VIP business has generated strong consistent revenue momentum since FY10 with significant market share improvement (total Australia/NZ market share of 3
Slide 10: CEO Address - Agenda
CEO ADDRESS - AGENDA 1. FY13 RESULTS OVERVIEW – ACHIEVEMENTS AND PRIORITIES 2. FY14 TRADING UPDATE 3. ECHO PROPERTIES – INVESTMENT OPPORTUNITIES 10
Slide 11: Update on Group Year to Date Trading – Unaudited
UPDATE ON GROUP YEAR TO DATE TRADING – UNAUDITED □ Normalised gross revenue* down 3.5% across the group from 1 July 2013 to 31 October 2013 □ VIP business experienced very strong start to the year but volume growth has moderated – VIP business can be impacted by timing around trips by small number o
Slide 12: CEO Address - Agenda
CEO ADDRESS - AGENDA 1. FY13 RESULTS OVERVIEW – ACHIEVEMENTS AND PRIORITIES 2. FY14 TRADING UPDATE 3. ECHO PROPERTIES – INVESTMENT OPPORTUNITIES 12
Slide 13: Investments in Queensland
INVESTMENTS IN QUEENSLAND □ Significant growth opportunities exist for Echo in both Brisbane and Gold Coast □ Short, medium and long-term plans for both Treasury Brisbane and Jupiters Gold Coast have been developed Perpetual licences allow for long term expansion planning horizon Landholding in Gold
Slide 14: Gold Coast Investment and Long-Term Vision
GOLD COAST INVESTMENT AND LONG-TERM VISION □ Significant potential for long-term investment in Gold Coast – Echo determined to restore Jupiters’ iconic position in the market □ Plans under consideration for investment in the near term include: New six star hotel and upgrade of existing hotel Signifi
Slide 15: Gold Coast – Near-Term Expansion
GOLD COAST – NEAR-TERM EXPANSION CONCEPT IMAGES ONLY 15
Slide 16: Gold Coast – Six Star Hotel Suites
GOLD COAST – SIX STAR HOTEL SUITES CONCEPT IMAGES ONLY 16
Slide 17: Gold Coast – Six Star Hotel Interior
GOLD COAST – SIX STAR HOTEL INTERIOR CONCEPT IMAGES ONLY 17
Slide 18: Gold Coast – Six Star Hotel
GOLD COAST – SIX STAR HOTEL CONCEPT IMAGES ONLY 18
Slide 19: Gold Coast – New Bar
GOLD COAST – NEW BAR CONCEPT IMAGES ONLY 19
Slide 20: Gold Coast – Long-Term Vision
GOLD COAST – LONG-TERM VISION CONCEPT IMAGES ONLY 20
Slide 21: Investment Potential in Brisbane
INVESTMENT POTENTIAL IN BRISBANE □ Queensland Government has announced intention to initiate an Expression of Interest (EOI) process for the redevelopment of the Government precinct in Brisbane’s CBD before the end of the calendar year □ Echo plans to put forward a proposal that transforms the entir
Slide 22: Repurposing of Treasury – Upgraded Hotel
REPURPOSING OF TREASURY – UPGRADED HOTEL CONCEPT IMAGES ONLY 22
Slide 23: Repurposing of Treasury – Upgraded Hotel
REPURPOSING OF TREASURY – UPGRADED HOTEL CONCEPT IMAGES ONLY 23
Slide 24: Repurposing of Treasury – Hotel Lobby
REPURPOSING OF TREASURY – HOTEL LOBBY CONCEPT IMAGES ONLY 24
Slide 25: Repurposing of Treasury – Upgraded Hotel
REPURPOSING OF TREASURY – UPGRADED HOTEL CONCEPT IMAGES ONLY 25
Slide 26: Repurposing of Treasury – Hotel Atrium
REPURPOSING OF TREASURY – HOTEL ATRIUM CONCEPT IMAGES ONLY 26
Slide 27: Repurposing of Treasury – Casino Property
REPURPOSING OF TREASURY – CASINO PROPERTY CONCEPT IMAGES ONLY 27
Slide 28: Repurposing of Treasury – Casino Property
REPURPOSING OF TREASURY – CASINO PROPERTY CONCEPT IMAGES ONLY 28
Slide 29: Sydney Opportunities
SYDNEY OPPORTUNITIES □ The Star now a modern, world-class entertainment destination □ Areas of opportunity to invest and further improve the asset have been identified □ Areas of investment to be undertaken at The Star over the medium term include Improvement and expansion of local private gaming ro
Slide 30: The Star – World Class Entertainment Destination
THE STAR – WORLD CLASS ENTERTAINMENT DESTINATION 30
Slide 31: The Star – New Buffet
THE STAR – NEW BUFFET CONCEPT IMAGES ONLY 31
Slide 32: The Star – Suites Renovation
THE STAR – SUITES RENOVATION CONCEPT IMAGES ONLY 32
Slide 33: The Star – Apartments Renovation
THE STAR – APARTMENTS RENOVATION CONCEPT IMAGES ONLY 33
Slide 34: The Star – Lobby Renovation
THE STAR – LOBBY RENOVATION CONCEPT IMAGES ONLY 34
Slide 35: Thank You for Joining Us Today
ECHO ENTERTAINMENT GROUP LIMITED ACN 149 629 023 2013 ANNUAL GENERAL MEETING – 8 NOVEMBER 2013 THANK YOU FOR JOINING US TODAY
Slide 36: Basis for Preparation & Non-IFRS Information
BASIS FOR PREPARATION & 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 Echo Entertainment Group Limited’s financial report for the full year ended 30 June 2013 and other disclosu
Slide 37: Disclaimer
DISCLAIMER □ This presentation is prepared for information purposes only and does not take into consideration any individual investor’s circumstances. Echo Entertainment Group recommends investors make their own assessments and seek independent professional advice before making investment decisions
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