Century Casinos, Inc. · NASDAQ:CNTY
Century Casinos — Investor Presentation (June 2013)
24 slides from Century Casinos's investor presentation, June 2013
Slide 1: Corporate Presentation
Corporate Presentation Peter Hoetzinger, Co CEO & President June 2013
Slide 2: Safe Harbor Statement
Safe Harbor Statement Century Casinos, Inc. (the "Company") has prepared this presentation for the sole purpose of providing information relating to the Company. The content of this presentation is based on public information and on data provided by the Company's management. No reliance may be place
Slide 3: International Casino and Entertainment Company
International Casino and Entertainment Company § Developer and operator of mid-market, regional casinos in regulated markets world-wide § 25 casinos (approx. 3,150 gaming machines and 220 gaming tables): – 2 in USA (Colorado) – 2 in Canada (Alberta) – 1 in the Caribbean (Aruba) – 8 in Eastern Euro
Slide 4: International Casino and Entertainment Company
International Casino and Entertainment Company § Focus on entertainment with gaming and attractive non-gaming facilities (Urban Casino Resort concept) § Target markets include locals and tourists alike § 1,600 cooperators from 32 different nationalities, 51% females § Good corporate citizen: mor
Slide 5: 20-year Track Record
20-year Track Record Sustainable Growth Prudent Expansion Strategy Net Operating Revenues in USD Mio. *) § 1992 Company foundation by Erwin 80 Haitzmann and Peter Hoetzinger § 1993 First casino on cruise vessel 70 § 1994 NASDAQ-listing and 60 first casino in Colorado 50 § 2005 Listing on Vienna
Slide 6: International Diversification
International Diversification Edmonton Calgary Denver Colorado Springs Eastern Europe (8 Casinos in Poland) Aruba Land-based Casinos (13) Ship-based Casinos (12) 6
Slide 7: Colorado Casino Market
Colorado Casino Market § We are in 2 out of 3 cities that allow casino gaming (outside of Indian reservations) § Historic mining towns (Cripple Creek and Central City) have developed into tourist attractions § Regulatory environment – $100 betting limits – All popular casino games available – Ope
Slide 8: Two Casinos in Colorado (USA)
Two Casinos in Colorado (USA) Hotel-Casinos near Denver and Colorado Springs, both wholly-owned Central City Cripple Creek Opening 2006 Opening 1993 12 Gaming Tables and 507 Gaming Machines (100% TITO) 6 Gaming Tables and 450 Gaming Machines (100% TITO) 26 Hotel rooms, 500 car parking garage 21 Hote
Slide 9: Alberta (Canada) Casino Market
Alberta (Canada) Casino Market § Limited number of casino licenses in Alberta – high barrier to entry § Alberta Gaming & Liquor Commission (AGLC) is investment partner – Revenue split provides incentive for AGLC to improve our business – Upgrading slot machines at both properties § Calgary Casino
Slide 10: Two Casinos in Alberta (Canada)
Two Casinos in Alberta (Canada) Casinos in major metropolitan areas of Canada, both wholly-owned Calgary Edmonton Opening 2010 Opening 2006 16 Gaming Tables and 529 Gaming Machines (100% TITO) 35 Gaming Tables and 757 Gaming Machines (100% TITO) --- 26 Hotel rooms, heated parking garage 2 Restaurant
Slide 11: Casinos Poland Ltd.
Casinos Poland Ltd. Casinos in Major Cities of Poland 66.66% Controlling Stake in Polish Market Leader (43% market share) 33.33% stake since 2007, increased to 66.66% in April 2013 for approx. USD 6.8 million (ca. 4.5 x EBITDA) High-quality casinos in 4- and 5-star hotels with 80 gaming tables and 3
Slide 12: Casino Aruba
Casino Aruba Casino in Radisson Hotel & Spa Resort Aruba Long-term Management Agreement Re-opening under Century Casinos‘ Management in 2010 355 rooms and suites, various restaurants and bars, conference and spa facilities 16 Gaming Tables and 200 Gaming Machines for international tourists, guests f
Slide 13: 12 Casinos on Cruise Vessels
12 Casinos on Cruise Vessels Largest Independent Operator of Casinos onboard luxury Cruise Vessels Casinos wholly-owned and operated under casino concession agreements 55 Gaming Tables and 425 Gaming Machines Opportunistic approach towards cruise lines with affluent passenger mix 13
Slide 14: Financial Results Q1 2013 vs. Q1 2012
Financial Results Q1 2013 vs. Q1 2012 (excluding Casinos Poland Ltd.) Net Opera+ng Revenue $ 18.0 Million + 2% Adj. EBITDA $ 3.2 Million + 17% Earnings from Opera+ons $ 2.0 Million + 30% Net Earnings $ 1.7 Million + 47% Earnings per Share $ 0.07 + 40% Net Cash $ 21.5 Million + 2% 14
Slide 15: Net Operating Revenue
Net Operating Revenue (excluding Casinos Poland Ltd.) $25 (in millions) $20 $18,7 $18,1 $17,6 $18,0 $18,0 $17,8 $17,6 $17,7 $17,1 $16,0 $15,6 $14,9 $15 $14,1 $10 $5 $0 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2010 2011 2012 2010 2011 2012 2010 2011 2012 15
Slide 16: Adj. EBITDA
Adj. EBITDA (excluding Casinos Poland Ltd.) (in millions) $3,5 $3,2 $3,1 $3,0 $2,9 $2,8 $2,8 $2,8 $2,5 $2,4 $2,5 $2,3 $2,1 $2,0 $2,0 $2,0 $1,5 $1,4 $1,0 $0,5 $0,0 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2010 2011 2012 2010 2011 2012 2010 2011 2012 16
Slide 17: Earnings per Share
Earnings per Share $0,07 $0,07 $0,06 $0,06 $0,05 $0,05 $0,05 $0,05 $0,04 $0,03 $0,03 $0,03 $0,03 $0,03 $0,02 $0,02 $0,01 $0,01 $0,01 $0,00 -$0,01 -$0,01 -$0,02 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2010 2011 2012 2010 2011 2012 2010 2011 2012 17
Slide 18: Debt / Adj. EBITDA
Debt / Adj. EBITDA (excluding Casinos Poland Ltd.) 5x 4,5x 4x 3x 2,1x 2x 1,7x 1,0x 1x 0,9x 0,3x 0x 2008 2009 2010 2011 2012 TTM 18
Slide 19: Revenue Diversification per Casino
Revenue Diversification per Casino Without Casinos Poland Ltd. With Casinos Poland Ltd. 19
Slide 20: Adj. EBITDA Diversification per Casino
Adj. EBITDA Diversification per Casino Without Casinos Poland Ltd. With Casinos Poland Ltd. 20
Slide 21: Forecast Impact of Casinos Poland Acquisition
Forecast Impact of Casinos Poland Acquisition § April 2013 acquisition of another 1/3 stake (from LOT) for approx. $6.8 million results in Century Casinos owning 66.66% of Casinos Poland Ltd. § Consolidating Casinos Poland’s results into Century Casinos’ consolidated financial statements would pre
Slide 22: Casino on new TUI Cruises Ship
Casino on new TUI Cruises Ship § TUI Cruises is a joint venture between Royal Caribbean Cruises and TUI Travel Germany § Currently two luxurious 1,900-guest ships (Mein Schiff 1, Mein Schiff 2) in service, with focus on the European premium all inclusive cruise market § Mein Schiff 3, a new 2,500
Slide 23: Summary
Summary § Internationally diversified portfolio, profitable and growing despite difficult economy § Market leader in Poland and on luxury cruise vessels § One of the healthiest balance sheets in the industry (net cash of $21.5 million) § $27 million credit line with BMO at 3.75% (currently / flo
Slide 24: Thank You
o u ! Tha nk Y CONTACT INFORMATION Peter Hoetzinger Co CEO & President peter.hoetzinger@cnty.com US: + 1 (719) 689 5813 Europe: + 43 664 355 3935