Genting Malaysia Bhd. · MYX:GENM

Genting Malaysia Bhd — Invest Malaysia Conference 2016

41 slides from Genting Malaysia Bhd's conference presentation, April 2016

  1. Slide 1: Corporate Presentation

    No. 58019-U Corporate Presentation April 2016 1

  2. Slide 2: Agenda

    Agenda  Overview  Financial Highlights  Malaysia Operations • Resorts World Genting • Genting Integrated Tourism Plan  Overseas Operations • United Kingdom • United States • Bahamas  Looking Ahead 2

  3. Slide 3: Malaysia

    MALAYSIA

  4. Slide 4: GENM – Leisure & Hospitality Corporate Structure

    GENM – Leisure & Hospitality Corporate Structure Berhad 49.3% Leisure, hospitality, Others entertainment and gaming 16.9% 100% 100% 100% 100% 100% 100% 100% 100% 44.9% 78% 4

  5. Slide 5: Resorts World Genting, Malaysia

    Resorts World Genting, Malaysia ………… Asia’s and World’s Leading Themed Resort by World Travel Awards in 2015 5

  6. Slide 6: Genting UK and Resorts World Birmingham, UK

    Genting UK and Resorts World Birmingham, UK ………… One of the leading casino operators in the UK 6

  7. Slide 7: Resorts World Casino New York City, US

    Resorts World Casino New York City, US ……… Highest grossing VGM facility by revenue in Northeast US 7

  8. Slide 8: Resorts World Bimini, the Bahamas

    Resorts World Bimini, the Bahamas ……… 750-acre luxury beachfront casino resort 8

  9. Slide 9: The Group’s Key Properties

    The Group’s Key Properties Resorts World Genting (“RWG”) Resorts World Casino New York City (“RWNYC”)  A world-class integrated destination resort  8.5m visitors in FY2015  19.4m visitors in FY2015  Equipped with ~5,500 video gaming machines (“VGM”) and other leisure  ~ 9,000 rooms facilities 

  10. Slide 10: Malaysia

    MALAYSIA 10

  11. Slide 11: GENM – FY 2015 Financial Performance at a Glance

    GENM – FY 2015 Financial Performance at a Glance  Malaysian operations • Overall higher volume of business but lower hold percentage in the premium players business • GST and Forex Impact  UK operations • Higher volume of business from the Home Markets division • Lower hold percentage and lower vo

  12. Slide 12: GENM – L&H Revenue Bridge FY2015

    GENM – L&H Revenue Bridge FY2015 RM’mil 8,062 8,215 12

  13. Slide 13: GENM – Revenue and Adjusted EBITDA

    GENM – Revenue and Adjusted EBITDA Revenue by geography in FY2015: Adjusted EBITDA by geography FY20151: 1 UK reported an adjusted LBITDA of £27.9m for FY2015 13

  14. Slide 14: GENM – Capital Management Strategy

    GENM – Capital Management Strategy Dividend  Net div per share of 7.10 sen in 2015 • 5-year CAGR of 3.4%  FY15 dividend ↑ 9%  FY15 payout ratio of 32% Share Buy Back  Initiated since July 2007  To date, bought back ~269m shares for RM907m  4.52% of total issued capital 14

  15. Slide 15: Aerial view of Resorts World Genting

    Aerial view of Resorts World Genting 15

  16. Slide 16: Malaysia L&H – Performance Review FY2015

    Malaysia L&H – Performance Review FY2015 Operational Performances:  Revenue growth • ↑ 4% y-o-y • 5-year CAGR of 2%  Adjusted EBITDA • ↑ 4% y-o-y  Adjusted EBITDA margin consistent at 35% 16

  17. Slide 17: RWG – Operational Statistics

    RWG – Operational Statistics Gaming Wins Mix FY2015 Hotel Guests’ Nationality FY2015 17

  18. Slide 18: Artist Impression

    Artist Impression 18

  19. Slide 19: GITP – Overview

    GITP – Overview  A major 10-year master plan launched in December 2013  RM10.38 billion capital investment  Phase 1 : RM8.11 billion • 20th Century Fox World theme park • 1,300-room First World Hotel Tower 3 • New indoor theme park • New 250-suite premium hotel • Sky Avenue lifestyle mall • New h

  20. Slide 20: GITP – Development Plans

    GITP – Development Plans 20

  21. Slide 21: GITP Construction Progress

    GITP Construction Progress Taken in 1Q 2016 ……. Hill-top development 21

  22. Slide 22: GITP Construction Progress

    GITP Construction Progress Taken in 1Q 2016 ……. Mid-hill development 22

  23. Slide 23: UK, US and The Bahamas

    QW Xxx GENTING MALAYSIA MIAMI 23

  24. Slide 24: Genting Club Fountainpark, Lounge

    Genting Club Fountainpark, Lounge 24

  25. Slide 25: Genting UK – Performance Review FY2015

    Genting UK – Performance Review FY2015 Operational Performances:  Group revenue ↓ 26% • International Markets ↓ 65% • Home Markets ↑ 13%  Visitors remain at 4.1m in FY15  Acquired Genting Alderney, an online gaming operator in the UK • Plans underway to streamline both land and online operations

  26. Slide 26: Resorts World Bimini, Bahamas Bimini SuperFast, Bahamas

    Resorts World Bimini, Bahamas Bimini SuperFast, Bahamas 26

  27. Slide 27: RWNYC – Performance Review FY2015

    RWNYC – Performance Review FY2015 Operational Performances:  Largest grossing VGM facility in Northeast US  Average Win Per Unit ↑ 2%  Market share consistent at 43% in FY15  Embarked on a casino and amenities expansion plan in end-2015  8.5m visitors in FY15 (FY14: 9.1m) * New York Statewide t

  28. Slide 28: First Light Resort and Casino

    First Light Resort and Casino  Located at the City of Taunton, Massachusetts  GENM’s appointment* as the manager of First Light Resort & Casino is expected for a period of 7 years  Development to be completed in phases; Phase 1 scheduled to open in mid-2017  Invested US$249.5 million in interest

  29. Slide 29: First Light Resort and Casino

    First Light Resort and Casino  Once fully completed, the 900-room resort casino will include the following:  150,000 square feet casino with 3,000 slots, 150 gaming tables and 40 poker tables  15,000 square feet convention centre  Retail and dining venues Artist Impression Source : Project First

  30. Slide 30: Bimini

    BIMINI BAHAMAS RESORT+CASINO+MARINA 30

  31. Slide 31: RW Bimini – Performance Review FY2015

    RW Bimini – Performance Review FY2015 Operational Performances:  Revenue ↑100% in FY15  Adjusted LBITDA of US$63m in FY15 (FY14: US71m)  ~ 151k visitors in FY15 (FY14: ~ 137k)  Embarked on a comprehensive transportation improvement initiative  Ceased Bimini SuperFast ferry operations 31

  32. Slide 32: Hilton at Resorts World Bimini

    Hilton at Resorts World Bimini  Total project cost US$240 mil  305-room luxury marina hotel • 240 rooms opened in April; remaining rooms to be opened in mid-2016  Key features: • 2 restaurants • A lobby piano bar • A rooftop pool • A bar and nightclub / lounge • Spa and fitness centre • Meeting s

  33. Slide 33: Malaysia

    33 MALAYSIA

  34. Slide 34: Prospects and Focus

    Prospects and Focus General Prospects  Global economy is expected to continue growing at a more moderate pace  Overall international travel demand is expected to remain largely positive  Cautious on near term outlook for L&H industry; positive on the longer term outlook Resorts World Genting  Fo

  35. Slide 35: Prospects and Focus

    Prospects and Focus Genting UK  Continue to focus on strengthening the Group’s position in the domestic business segment  Revise marketing efforts to reinforce the International Markets business  To focus on growing business volume at Resorts World Birmingham Resorts World Casino New York City 

  36. Slide 36: Genting Hong Kong Proposed 2016 Disposal Mandate

    Genting Hong Kong (“GENHK”) Proposed 2016 Disposal Mandate 36

  37. Slide 37: GENHK Proposed Disposal Mandate – Overview

    GENHK Proposed Disposal Mandate – Overview  On 6 April 2016, GENM announced its intention to seek the approval from its shareholders to renew the mandate to dispose of its entire stake in GENHK (16.87% or 1.4 billion shares)  A shareholders’ EGM will be held Key Terms of the Proposed 2016 Disposal

  38. Slide 38: Rationale and Proposed Utilisation of Proceeds

    Rationale and Proposed Utilisation of Proceeds Rationale  Non-core investment (held as “available-for-sale financial assets”) • No board seat • Monetisation provides funds to pursue investments in the leisure and hospitality industry  Provides flexibility for prompt disposal actions at the right t

  39. Slide 39: Key Events and Expected Timeline

    Key Events and Expected Timeline Date Events 6 April 2016 Announcement on Proposed 2016 Disposable Mandate By 16 May 2016 Issuance of circular 30 May 2016 Last day to submit proxy form 1 June 2016 Expected EGM 1 June 2016 to Validity period of the Proposed 2016 Disposal Mandate 30 May 2017 39

  40. Slide 40: GENHK Share Price Performance (Trailing 12M)

    GENHK Share Price Performance (Trailing 12M) Post-mandate Period On SGX Closing price (6 Apr 2016) US$0.315 5D-VWAP US$0.315 Avg daily volume (last 30 days) ~1.8 million shares 52-week high / low US$0.380 / US$0.290 Source: Bloomberg 40

  41. Slide 41: Thank You

    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 Thank You Visi

Genting Malaysia Berhad — Invest Malaysia Conference 2016 on 6ix