Star Entertainment Group Limited · ASX:SGR
Star Entertainment — Echo Entertainment Group — Shareholder Meeting (November 2015)
23 slides from Star Entertainment's shareholder meeting presentation, Nov 4, 2015
Slide 1: Annual General Meeting – Wednesday 4 November 2015
ANNUAL GENERAL MEETING – WEDNESDAY 4 NOVEMBER 2015
Slide 2: Chairman's address – John O'Neill AO
ECHO ENTERTAINMENT GROUP LIMITED ACN 149 629 023 2015 ANNUAL GENERAL MEETING – WEDNESDAY 4 NOVEMBER 2015 JOHN O’NEILL AO – CHAIRMAN 2
Slide 3: Our Properties
OUR PROPERTIES Image for concept purposes The Star, Sydney Jupiters Hotel & Casino, Gold Coast Treasury Casino & Hotel, Brisbane Significant investment underway and planned: • The Star, Sydney • Jupiters Hotel & Casino, Gold Coast • Treasury Casino & Hotel, Brisbane Strong balance sheet and capi
Slide 4: The 2015 Financial Year
THE 2015 FINANCIAL YEAR Echo well positioned for future growth Broad based growth across the company Statutory NPAT $169 million, up 59% on FY14 Total dividends of 11c per share, fully franked, up 38% on FY14 Dividend policy set at 50% of NPAT to allow for further future investment in our
Slide 5: Our Board of Directors
OUR BOARD OF DIRECTORS John O’Neill AO Matt Bekier Katie Lahey AM Richard Gerard Bradley Sally Pitkin Greg Hayes Chairman and Managing Non Executive Sheppard Non Executive Non Executive Non Executive Non Executive Director and Director Non Executive Director Director Director Director Chief Executiv
Slide 6: Investment and Communities
INVESTMENT AND COMMUNITIES $345 million investment at Jupiters Hotel & Casino continues Job creation and economic stimulus for the Gold Coast Further development in Sydney and Brisbane to provide positive community outcomes New partnerships in FY15 including: • 2018 Commonwealth Games • NSW
Slide 7: Economic Contributions
ECONOMIC CONTRIBUTIONS 61% of pre-tax profits paid to Governments in FY15 $540m paid in taxes and levies to all levels of Government 22 million visitors through properties in South East Queensland and Sydney More than 8,000 team members employed Further capital expenditure for The Star and
Slide 8: Queen's Wharf Brisbane
QUEEN’S WHARF BRISBANE Destination Brisbane Consortium selected as the preferred proponent for the Queen’s Wharf Brisbane development All images are design concept only 8
Slide 9: Managing Director & CEO – Matt Bekier
ECHO ENTERTAINMENT GROUP LIMITED ACN 149 629 023 2015 ANNUAL GENERAL MEETING – WEDNESDAY 4 NOVEMBER 2015 MATT BEKIER – MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER 9
Slide 10: 2015 Full Year Financial Results
2015 FULL YEAR FINANCIAL RESULTS Statutory EBITDA of $451 million, up 17% on FY14 Normalised EBITDA of $521 million, up 24% on FY14 Statutory NPAT of $169 million, up 59% on FY14 Actual gross revenue of $2.26 billion, up 19% on FY14 International VIP Rebate business turnover of $46 billion
Slide 11: Financial Trends
FINANCIAL TRENDS Actual Gross Revenue ($m) Dividend Per Share (cents) 2,500 2,258 15.0 11.0 1,847 1,897 2,000 10.0 8.0 6.0 1,500 5.0 1,000 - FY2013 FY2014 FY2015 FY2013 FY2014 FY2015 Statutory NPAT ($m) EBIT / Net interest Expense ratio (times) 1 200 169 8.0 5.8 150 6.0 106 84 3.7 100 4.0 2.9 50 2.0
Slide 12: Team and Community
TEAM AND COMMUNITY We support and participate in the communities in which we operate and the events that resonate in those cities More than 8,000 team members More than 320 team members were enrolled in accredited training programs FY15 initiatives included: • Queensland Hotel & Hospitality Sc
Slide 13: Team and Community
TEAM AND COMMUNITY We support and participate in the communities in which we operate and the events that resonate in those cities $13m to charities, community groups and funding partnerships 21 years of support for Surf Life Saving Queensland $3m over three years to Ronald McDonald House 13
Slide 14: Team and Community
TEAM AND COMMUNITY We support and participate in the communities in which we operate and the events that resonate in those cities Funded more than 50 gambling research projects since 1995 More than 300 responsible gambling liaison officers Won two CitySwitch sustainability awards 14
Slide 15: Tourism Opportunity
TOURISM OPPORTUNITY Rising incomes in China a key driver of increasing outbound travel International visitation from Asia forecast to grow to 3.5m by 2020 Australia a desirable location as affluent Chinese middle class seek to travel to more exotic locations further from home China forecast to
Slide 16: Jupiters Gold Coast Development
JUPITERS GOLD COAST DEVELOPMENT The first phases of the $345m redevelopment have already been delivered, with phase 2 of the expansion and refresh underway Estimated capex for FY16 of $100m – $125m including: • New VIP gaming salons • Expansion of the food and beverage offering • New VIP suite hot
Slide 17: The Star Sydney Development
THE STAR SYDNEY DEVELOPMENT Approximately $500m to be invested in The Star over the next 5 years Estimated capex for FY16 of $150m – $175m including: • The Darling VIP gaming salons • Buffet restaurant refurbishment • Astral Tower & Residences refurbishment • Main gaming floor and Oasis gaming roo
Slide 18: The Star Sydney Development
THE STAR SYDNEY DEVELOPMENT The Star continues to receive wide-ranging recognition 33 industry awards during FY15 most notably: • David Chang’s Momofuku Seiōbo was awarded Three Chef’s Hats, Three Glasses, Three Stars and Best Restaurant Bar and was also included in the Australian Financial Review
Slide 19: Queen's Wharf Brisbane Development
QUEEN’S WHARF BRISBANE DEVELOPMENT Creating a world class integrated resort with local spirit, partnering with Brisbane and Queensland 8,000+ new Queensland jobs $1.69 billion annual increase in tourism 1.39 additional tourist visitors per year $4 billion boost to gross state product Brisb
Slide 20: Rebranding
REBRANDING We have a transformational opportunity Considerable investments across our properties Time is right to move forward with a more unified brand Leverage these great developments more cohesively Proposed new company name The Star Entertainment Group Limited Allow seamless transitio
Slide 21: Trading Update – To 31 October 2015
TRADING UPDATE – TO 31 OCTOBER 2015 GROUP FINANCIAL YEAR TO DATE TRADING (UNAUDITED) Experiencing good demand in all properties in the FY16 YTD Across the group, domestic gaming revenue (excluding International VIP Rebate) is up 10.3% on the pcp Total Domestic Business, including non-gaming bu
Slide 22: Priorities
PRIORITIES For the next 12 months: 1. Continue to improve earnings across the Group 2. Deliver on the capital program for the Jupiters Gold Coast property redevelopment 3. Commence and deliver the first stages of The Star masterplan strategy 4. Continue to evolve the brand and loyalty program 5. Beg
Slide 23: ECHOENTERTAINMENT G
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