Genting Malaysia Bhd. · MYX:GENM
Genting Malaysia Bhd — Investor Presentation (September 2024)
20 slides from Genting Malaysia Bhd's investor presentation, September 2024
Slide 1: Corporate Presentation September 2024
Copyright © 2024 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. CORPORATE PRESENTATION September 2024 1
Slide 2: Agenda
AGENDA 01 GROUP OVERVIEW AND FINANCIAL HIGHLIGHTS 02 MALAYSIAN OPERATIONS OVERSEAS OPERATIONS 03 • UK & EGYPT • US & BAHAMAS 04 PROSPECTS & STRATEGIES 2
Slide 3: Group Overview & Financial Highlights
GROUP OVERVIEW & FINANCIAL HIGHLIGHTS 3
Slide 4: GENM Group Corporate Structure
GENM GROUP CORPORATE STRUCTURE 49.3% Malaysia US & Bahamas UK & Egypt 100% 100% 100% 100% 49% 100% 100% 49% 78% • Listed on the Malaysian stock exchange since 1989, GENM is a globally diversified casino and resort operator with a market capitalization1 of RM15.2bn (USD3.2bn) • Holds gaming licenses
Slide 5: GENM Global Leader in Leisure & Hospitality
GENM GLOBAL LEADER IN LEISURE & HOSPITALITY UK Genting Casinos Resorts World Birmingham • One of the largest gaming operators • First integrated leisure complex of its New York in the UK with over 30 casinos kind in the UK Miami Bahamas Egypt Resorts World Bimini Malaysia • Features a casino, Hilton
Slide 6: GENM Financial Highlights
GENM FINANCIAL HIGHLIGHTS In RM’mil 1H24 1H23 % Change Group revenue and adj EBITDA exceeded Revenue 5,434 4,758 ↑14% pre-pandemic levels % of 2019 102% 89% Adjusted EBITDA* 1,425 1,041 ↑37% Operational leverage drives improvement in % of 2019 102% 75% Group adj EBITDA Adjusted EBITDA 26% 22% Margin
Slide 7: GENM Capital Management Strategy
GENM CAPITAL MANAGEMENT STRATEGY Dividend per Share Interim/Final Dividend 25 Net dividend per share (sen) Special Dividend 20.00 20 9.00 14.50 15.00 15.00 15 8.5 10 9.00 11.00 6.00 6.00 5 6.0 0 FY19 FY20 FY21 FY22 FY23 1H23 1H24 FY23 Resorts World ▪ Newdividend yield: 5.6% # York City, US # Based o
Slide 8: GENM Sustainability Initiatives
GENM SUSTAINABILITY INITIATIVES SUSTAINABILITY IS AT THE FOREFRONT OF GENM’S OPERATIONS FTSE4GOOD INDEX SERIES ▪ A constituent of the FTSE4Good Index Series since June 2018 ASEAN Corporate Governance Asiamoney 2023 Asia’s RG Check (RWG) Scorecard Award Outstanding Companies Poll GamCare Safer Gambli
Slide 9: Malaysian Operations
MALAYSIAN OPERATIONS 9
Slide 10: Malaysia Leisure & Hospitality Performance Review in 2Q24 & 1H24
LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 2Q24 & 1H24 In RM’mil 2Q24 2Q23 % Change 1H24 1H23 % Change Revenue 1,615 1,533 ↑5% 3,364 2,936 ↑25% % of 2019 92% 87% 92% 80% Adjusted EBITDA 525 532 ↓1% 1,108 969 ↑34% % of 2019 97% 99% 101% 88% Adjusted EBITDA Margin 32% 35% 33% 33% ▪ Continued
Slide 11: RWG Key Statistics – 1H24
MALAYSIA LEISURE & HOSPITALITY RWG KEY STATISTICS – 1H24 One of Asia’s leading integrated resort destinations with ~10,500 rooms 6.1m 14m 74% MEMBERS VISITORS DAY-TRIPPERS (1H23: 6.0m) (1H23: 12m) (1H23: 71%) 1.8m 99% RM234 ROOM NIGHTS OCCUPANCY AVG ROOM RATE (1H23: 1.7m) SOLD (1H23: 96%) (1H23: RM2
Slide 12: Overseas Operations: UK & Egypt
OVERSEAS OPERATIONS UK & EGYPT 12
Slide 13: UK & Egypt Leisure & Hospitality Performance Review in 2Q24 & 1H24
UK & EGYPT LEISURE & HOSPITALITY PERFORMANCE REVIEW IN 2Q24 & 1H24 % In £’mil 2Q24 2Q23 % Change 1H24 1H23 Change Revenue 78.5 69.0 ↑14% 152.3 135.1 ↑13% % of 2019 100% 88% 97% 86% Adjusted EBITDA 10.8 10.6 ↑2% 23.2 18.6 ↑25% % of 2019 127% 125% 143% 115% Adjusted EBITDA Margin 14% 15% 15% 14% ▪ UK
Slide 14: Overseas Operations: US & Bahamas
OVERSEAS OPERATIONS US & BAHAMAS 14
Slide 15: US & Bahamas Leisure & Hospitality Performance Review
US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN 2Q24 & 1H24 In US$’mil 2Q24 2Q23 % Change 1H24 1H23 % Change Revenue RWNYC 87.7 83.7 ↑5% 174.1 167.1 ↑4% RW Omni and RW Bimini 23.8 21.4 ↑11% 47.2 43.0 ↑10% Total 111.5 105.1 ↑6% 221.3 210.1 ↑5% % of 2019 122% 115% 122% 116% Adjusted EBITDA/(L
Slide 16: US Empire Resorts, Inc. Performance Review in 2Q24 & 1H24
US EMPIRE RESORTS, INC. PERFORMANCE REVIEW IN 2Q24 & 1H24 % % In US$’mil 2Q24 2Q23 1H24 1H23 Change Change Revenue 69.4 69.8 ↓1% 137.9 132.7 ↑4% Adjusted EBITDA 5.9 5.6 ↑5% 8.8 8.6 ↑2% Adjusted EBITDA Margin 8% 8% 6% 6% ▪ GENM invested in Empire November 2019 ▪ Empire’s 1H24 financial performance ma
Slide 17: Prospects & Strategies
PROSPECTS & STRATEGIES 17
Slide 18: Group Looking Ahead: Prospects and Strategies
GROUP LOOKING AHEAD OPERATIONS PROSPECTS AND STRATEGIES 1 Continued Focus on Core Markets and Developing Database 2 Committed to Driving Operational Efficiencies and Improving Yields 3 Expansion Opportunities – US and Asia 18
Slide 19: Group Looking Ahead: Operations Prospects and Strategies
GROUP LOOKING AHEAD OPERATIONS PROSPECTS AND STRATEGIES Committed to Driving 1 Continued Focus on 2 3 Expansion Opportunities Existing Markets and Operational Efficiencies and – US and Asia Developing Database Improving Yields • Reinforcing our market • Effective cost management to • Focused on New
Slide 20: Disclaimer
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 directors and management of the Genting Malaysia Group
Genting Malaysia Berhad — Investor Presentation (September 2024) on 6ix