Slide 1: Q1 2008 Result
Q1 2008 Result April 30, 2008 IR Team
Slide 2: Disclaimer
Disclaimer • This presentation material may contain forward- forward-looking statement which reflect Kangwon Land’ Land’s current view with respect to future events and financial performance, and are subject to certain uncertainties. • Even though the forward- forward-looking statements are based on
Slide 3: The summary of Q1 2008
The summary of Q1 2008 Total sales grew 3.7%YoY and 12.6%QoQ to 295.6 Billion won for the 1st quarter, which was the highest record since our operation. Summary Quarterly trend (KRW Billion, %) Q1 2008 Result (KRM Billion) Items 295.6 300 285.1 08 Q1 ‘07 Q1 ‘08 07 YoY 07 QoQ Q4 ’07 266.9 262.5 Sales
Slide 4: Sales analysis … Casino
Sales analysis … Casino VIP sales downturn hasn’t fully recovered and thus it led to the total table sales dropped by 5.2% YoY, while slot machines showed the biggest increase of 46% YoY. Sector breakdown Exchanged new machines (KRW Billion) Daily revenue per machine Sales portion Items 08 Q1 ‘07 Q1
Slide 5: Sales analysis … Non-Casino
Sales analysis … Non-Casino Sales from non-casino grew 59.3% YoY to 21.2Billion won in total. Strong visitors to ski resort, up 62%YoY, led to high sales and cross- selling to casino as well. Breakdown Ski resort Sales (KRW Billion) (KRW Billion) 23.9 Resort 08 Q1 ‘07 Q1 ‘08 07 YoY 07 QoQ Q4 ’07 Ski
Slide 6: The summary of cost
The summary of cost The total cost of sales and SG&A was slightly grew 2.4%YoY to 177Bil.won, 4.3Bil.won higher than Q1 07, due to the ski resort reinvigoration and tax increase. Cost of Sales SG&A (KRW Billion, %) (KRW Billion, %) YoY 2.3 128.9 +1.9 (1.5%) YoY 127.0 (1.1) 0.7 48.1 +2.3(4.9%) 1.5 Sk
Slide 7: Q2 Operation
Q2 Operation With the continuous sales increase at general floor and start of golf resort & summer riders operations, we expect to lead to strong cross- cross-selling to the casino. Main drivers Casino operation - VIP floor : Renovation works till end of June - General floor : Continuous good trend
Slide 8: Thank you !!
Thank you !!