crown limited · 2018. 11. 2. · crown limited – 2009 annual general meeting australian casino...
TRANSCRIPT
![Page 1: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/1.jpg)
1
Crown LimitedCrown LimitedAnnual General MeetingAnnual General Meeting
28th October 200928th October 2009Mr. Rowen Craigie, Chief Executive OfficerMr. Rowen Craigie, Chief Executive Officer
Presentation SlidesPresentation Slides
![Page 2: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/2.jpg)
Crown Limited – 2009 Annual General Meeting
Crown Limited Group Result
SLIDE 1
(1,197.9)Net (Loss) Profit
(1,440.1)Discontinued operations and non recurring items
242.2(24.2%)370.2280.7Net Profit before non recurring items
(125.9)(25.0)(68.9)Equity Accounted
(102.0)(116.3)(94.1)Income Tax
(27.9)55.5(27.9)Interest
498.03.4%456.0471.6EBIT
(148.0)(132.8)(148.0)Depreciation and Amortisation
646.05.2%588.8619.6EBITDA
F09 Actual
$m
Changeon pcp
F08Normalised
$m
F09Normalised
$m
![Page 3: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/3.jpg)
Crown Limited – 2009 Annual General Meeting
Australian Casino Results
1.44%VIP Win Rate (1.35% theoretical)
13.2%34.8VIP Turnover $ billion30.5%
513.6145.4658.9926.0578.8
2,163.8440.9469.7
1,253.1
AustralianCasinos
6.9%Main floor gaming13.2%VIP commission program play0.4%Non-gaming
3.1%11.6%4.8%5.1%
12.1%6.8%
Changeon pcp
EBITDA / Revenue %
Depreciation & AmortisationEBITDA
EBIT
Net operating expensesGaming taxes, levies and commissionsTotal Revenue (Normalised)
Normalised $m
SLIDE 2
![Page 4: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/4.jpg)
Crown Limited – 2009 Annual General Meeting
Western Gaming Precinct
Crown Conference Centre under construction
Crown Melbourne – Property Update
658 room Crown Metropol Hotel under construction
SLIDE 3
![Page 5: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/5.jpg)
Crown Limited – 2009 Annual General Meeting
Crown Melbourne - Property Update
Crown Towers RefurbishmentLagerfield Beer Garden
Sho Noodle Bar Crown Towers Refurbishment
SLIDE 4
![Page 6: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/6.jpg)
Crown Limited – 2009 Annual General Meeting
Burswood – Property Update
Mesh Bar
Casino Main Entry The Latest Stage of the
Ongoing Casino Redevelopment
Infinity Suites
SLIDE 5
![Page 7: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/7.jpg)
Crown Limited – 2009 Annual General Meeting
24 Hour Western & Asian Restaurants
Burswood – Property Update
Central Casino Refurbishment
SLIDE 6
![Page 8: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/8.jpg)
Crown Limited – 2009 Annual General Meeting
Macau Gaming Revenue Q1 2006 to Q3 2009
$13.0 $13.3$14.2
$17.1$18.6
$19.8$20.5
$24.9
$30.1$29.2
$26.2
$24.4
$26.3$25.6
$32.0
$-
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
Q1 200
6Q2 2
006
Q3 200
6Q4 2
006
Q1 200
7Q2 2
007
Q3 200
7Q4 2
007
Q1 200
8Q2 2
008
Q3 200
8Q4 2
008
Q1 200
9Q2 2
009
Q3 200
9
(MO
P in
bill
ions
)
Source: DSEC, DICJ, Wells Fargo Securities, LLC
26.5% CAGR
SLIDE 7
Macau Gaming Quarterly Revenue
![Page 9: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/9.jpg)
Crown Limited – 2009 Annual General Meeting
Melco Crown: City of Dreams
• Integrated casino, leisure and entertainment resort incorporating:
– Casino – main floor gaming areas and VIP salons with approximately 520 gaming tables and 1,350 gaming machines
– Three hotels which will deliver 1,400 guest rooms, suites and villas
• Crown Towers Hotel
• Grand Hyatt twin hotel towers
• Hard Rock Hotel
– “The Bubble” – a multimedia theatre
– More than 20 restaurants, bars and clubs
• “Theatre of Dreams” to open in 2010City of Dreams
SLIDE 8
![Page 10: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/10.jpg)
Crown Limited – 2009 Annual General Meeting
City of Dreams Update
Crown Towers at City of Dreams Hard Rock at City of Dreams
City of Dreams
SLIDE 9
![Page 11: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/11.jpg)
Crown Limited – 2009 Annual General Meeting
Current Trading
Main Gaming Floor 4%Non Gaming 5%VIP Turnover 5%
SLIDE 10
Crown Melbourne and Burswood –Combined Year on Year Revenue Growth
1 July to 21 October 2009
![Page 12: Crown Limited · 2018. 11. 2. · Crown Limited – 2009 Annual General Meeting Australian Casino Results VIP Win Rate (1.35% theoretical) 1.44% VIP Turnover $ billion 34.8 13.2%](https://reader034.vdocuments.us/reader034/viewer/2022051905/5ff7efca4d1eb6431c7f2085/html5/thumbnails/12.jpg)
12
Crown LimitedCrown LimitedAnnual General MeetingAnnual General Meeting
28th October 200928th October 2009Mr. Rowen Craigie, Chief Executive OfficerMr. Rowen Craigie, Chief Executive Officer
Presentation SlidesPresentation Slides