Genting Malaysia Bhd. · MYX:GENM
Genting Malaysia Bhd — CGS-CIMB 13th Annual Malaysia Virtual Corporate Day 2021
27 slides from Genting Malaysia Bhd's conference presentation, January 2021
Slide 1: CGS-CIMB 13th Annual Malaysia Virtual Corporate Day
CGS–CIMB 13th Annual Malaysia Virtual Corporate Day January 2021 Copyright © 2021 Genting Malaysia Berhad 198001004236 (58019-U). All Rights Reserved. 1
Slide 2: Agenda
AGENDA 1 GROUP OVERVIEW 2 GROUP HIGHLIGHTS 3 MALAYSIAN OPERATIONS OVERSEAS OPERATIONS 4 - UK & EGYPT - US & BAHAMAS 5 LOOKING AHEAD 2
Slide 3: Group Overview
1 GROUP OVERVIEW 3
Slide 4: GENM Corporate Structure
GROUP OVERVIEW GENM CORPORATE STRUCTURE One of Asia’s Leading and Best-Managed Multinational Companies * Malaysia US & Bahamas UK & Egypt 100% 100% 100% 100% 78% 100% 100% 49% * Genting Malaysia Berhad is a 49.5% owned subsidiary of Genting Berhad 4
Slide 5: Key Properties
GROUP OVERVIEW GENM KEY PROPERTIES Resorts World Genting, Malaysia Resorts World Casino Resorts World Resorts World Resorts World Bimini, New York City, US Catskills, US Birmingham, UK Bahamas 5
Slide 6: Group Highlights
GROUP HIGHLIGHTS 4 GENTING MALAYSIA
Slide 7: Financial Highlights 3Q20 & 9M20
FINANCIAL HIGHLIGHTS GENM 3Q20 & 9M20 % % In RM’mil 3Q20 3Q19 9M20 9M19 Change Change Revenue 1,417 2,628 ↓46% 3,488 7,965 ↓56% Adjusted EBITDA 311 694 ↓55% 180 2,090 ↓91% Adjusted EBITDA 22% 26% 5% 26% Margin Net (Loss)/Profit (726) 394 ↓>100% (2,103) 1,050 ↓>100% ▪ 3Q20: Resumption of several reso
Slide 8: Capital Management: Dividend per Share
CAPITAL MANAGEMENT GENM STRATEGY Dividend per Share 24 20.00* Net dividend per share (sen) 20 19.00 16.50 17.00 9.00 16 8.00 7.30 8.00 12 11.00 11.00 8 9.20 9.00 6.00 6.00 6.50 7.10 4 - FY14 FY15 FY16 FY17 FY18 FY19 1H19 1H20 *Include a special dividend of 9.0 sen (FY18: 8.0 sen) per share Dividend
Slide 9: Sustainability Initiatives Gaining Global Recognition
SUSTAINABILITY INITIATIVES GENM GAINING GLOBAL RECOGNITION SUSTAINABILITY IS AT THE FOREFRONT OF GENM’S OPERATIONS FTSE4GOOD INDEX SERIES GENM was included as a constituent of the FTSE4Good Index Series since June 2018, having demonstrated strong ESG practices according to globally recognized standa
Slide 10: Malaysian Operations
3 MALAYSIAN OPERATIONS 10
Slide 11: Malaysia Leisure & Hospitality Performance Review 3Q20 & 9M20
LEISURE & HOSPITALITY MALAYSIA PERFORMANCE REVIEW IN 3Q20 & 9M20 % % In RM’mil 3Q20 3Q19 9M20 9M19 Change Change Revenue 1,181.3 1,796.2 ↓34% 2,488.6 5,461.8 ↓54% Adjusted EBITDA 424.7 537.5 ↓21% 541.2 1,633.1 ↓67% Adjusted EBITDA 36% 30% 22% 30% Margin ▪ RWG resumed operations since mid-June 2020 w
Slide 12: RWG Key Statistics in 3Q20
LEISURE & HOSPITALITY MALAYSIA RWG KEY STATISTICS IN 3Q20 4.8m 4.0m DAY-TRIPPERS VISITORS (3Q19: 7.2m) 67% of 3Q19 (3Q19: 5.4m) 74% of 3Q19 4 HOTELS OPEN ~4,800 ROOMS 89% HOTEL AVAILABLE (3Q19: 95%) OCCUPANCY RM204 89% AVG ROOM RATE ROOMS SOLD (3Q19: RM222) 92% of 3Q19 (3Q19: 75%) TO MEMBERS 12
Slide 13: Overseas Operations: US & Bahamas
OVERSEAS OPERATIONS NEW YORK CITY US & Bahamas eatery fuertet Oe ux GENTING MALAYSIA 13
Slide 14: Overseas Operations: UK & Egypt
4 OVERSEAS OPERATIONS UK & EGYPT 14
Slide 15: UK & Egypt Performance Review 3Q20 & 9M20
UK & LEISURE & HOSPITALITY EGYPT PERFORMANCE REVIEW IN 3Q20 & 9M20 % % In £’mil 3Q20 3Q19 9M20 9M19 Change Change Revenue 24.1 80.7 ↓70% 99.6 238.0 ↓58% Adjusted (9.3) 16.5 ↓>100% (24.5) 32.6 ↓>100% (LBITDA)/EBITDA Adjusted EBITDA N/A 20% N/A 14% Margin ▪ 9M20 operating results impacted by the 5-mon
Slide 16: Overseas Operations: US & Bahamas
4 OVERSEAS OPERATIONS US & BAHAMAS 16
Slide 17: US & Bahamas Performance Review 3Q20 & 9M20
US & LEISURE & HOSPITALITY BAHAMAS PERFORMANCE REVIEW IN 3Q20 & 9M20 % % In US$’mil 3Q20 3Q19 9M20 9M19 Change Change Revenue* RWNYC and RW Omni 16.0 79.5 ↓80% 81.8 248.3 ↓67% RW Bimini 0.7 5.9 ↓88% 3.0 18.0 ↓84% Total 16.7 85.4 ↓80% 84.8 266.3 ↓68% Adjusted (LBITDA)/EBITDA RWNYC and RW Omni (12.6)
Slide 18: US & Bahamas Update on Operations
US & LEISURE & HOSPITALITY BAHAMAS UPDATE ON OPERATIONS NEW YORK CASINOS RESUMED OPERATIONS SINCE SEPT 9TH ▪ Casinos and VLT facilities in New York allowed to recommence operations from 9 September 2020 ▪ Maximum occupancy limit capped at 25% ▪ Reopening of RWNYC and RWC have been well received, des
Slide 19: US RWNYC Expansion
US RWNYC EXPANSION ▪ The new 400-room Hyatt Regency JFK at Resorts World New York hotel is expected to open in stages from 1H21 ▪ Other amenities in the pipeline include a variety of dining, entertainment and retail outlets Artist Impression ……Transforming RWNYC into a premium integrated resort dest
Slide 20: US Resorts World Catskills
US RESORTS WORLD CATSKILLS ▪ 49%-owned via an associate company ▪ One of four commercial gaming-licensed casinos in the New York State ▪ 150 live table games, ~1,600 VGMs, over 400 rooms across 2 premium hotels and various F&B outlets ▪ Total investment in Empire1 : ~USD354 mil Artist Impression 1As
Slide 21: Empire Resorts, Inc Performance Review 3Q20 & 9M20
EMPIRE RESORTS, INC US PERFORMANCE REVIEW IN 3Q20 & 9M20 % % In US$’mil 3Q20 3Q19 9M20 9M19 Change Change Revenue 10.4 68.5 ↓85% 57.6 184.0 ↓69% Adjusted (14.6) 1.3 ↓>100% (39.9) (13.9) ↓>100% (LBITDA)/EBITDA Adjusted EBITDA N/A 2% N/A N/A Margin ▪ 9M19 performance impacted by temporary closure of R
Slide 22: Looking Ahead
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Slide 23: Group Looking Ahead: Prospects and Focus
GROUP LOOKING AHEAD OPERATIONS PROSPECTS AND FOCUS ▪ Group maintains cautious stance on the near-term prospects of the L&H industry ▪ Full extent of the impact of COVID-19 on Group’s operations remains uncertain ▪ Recalibrated operating structure will anchor recovery and position the Group for great
Slide 24: Malaysia Looking Ahead: Prospects and Focus
LOOKING AHEAD MALAYSIA PROSPECTS AND FOCUS Resorts World Genting ▪ Implementation of CMCO in most states in Malaysia will impact Group’s business ▪ Continue to re-engineer itself to adapt to the new operating environment ▪ Health and safety of guests, employees and the community in RWG remains a key
Slide 25: UK & Egypt Looking Ahead: Prospects and Focus
UK & LOOKING AHEAD EGYPT PROSPECTS AND FOCUS UK & Egypt ▪ Intermittent temporary closure of land-based casinos in the UK in compliance with latest government directives will impact Group’s business ▪ Continue to be agile at streamlining cost structure and identifying operational efficiencies 25
Slide 26: US & Bahamas Looking Ahead: Prospects and Focus
US & LOOKING AHEAD BAHAMAS PROSPECTS AND FOCUS US & Bahamas ▪ Continue to develop the Group’s strong local market exposure in the US ▪ Execute various strategies to drive visitation and frequency of play at RWNYC and RWC ▪ RW Bimini reopened on 26 December 2020 following its temporary closure since
Slide 27: 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
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