Emperor Entertainment Hotel Limited (Stock code: 296) 2007/08 Annual Results Announcement July 17, 2008

Transcription

1 (Stock code: 296) 2007/08 Annual Results Announcement July 17,

2 Core Businesses Macau Casino Hotel Grand Emperor Hotel Shanghai Retail & Hotel Complex Emperor Star City Opened since Jan 2006 To complete in 2011 Strong contribution and cashflow from Grand Emperor Hotel Disposed vessel operations to fully commit to gaming 1

3 Financial Highlights For year ended 31 March Total revenue Revenue 1,310,007 FY2006/07 HK$000 FY2007/08 HK$000 Casino Hotel Project 1,186, ,486 1,255, ,503 Property Projects 0 (4,053) 0 7,276 Discontinued operations 123,318 34,945 16,296 (6,507) Property Revaluation 171,100 33,500 EBITDA from continuing operations Before minority Interest After minority interest Net profit attributed to shareholders 272, ,458 Earning per share (basic) 29 cents 20 cents Dividend per share Interim Final Total Result Revenue Result 350, ,395 4 cents 8 cents 12 cents 1,271, , ,320 4 cents 4 cents 8 cents 2

4 Grand Emperor Hotel In operation since January, 2006 For year ended 31 March Gaming Concourse (No of tables) Self-managed VIP Rooms (No of tables) Slot Capacity (No of seats) FY2006/07 As on 31/3/ (6) 348 FY2007/08 As on 31/3/ (10) 350 Hotel Rooms EBITDA Margin 30.7% 34.9% 3

5 Corporate Restructure EIH 43.4% Jackie Chan SJM EEH Private Investor 1 Private Investor 2 5% 20% 50% 15% 10% Grand Emperor Hotel Corporate restructuring in June 2007 EEH s stake in Macau hotel up from 45% to 50%, in VIP rooms from 90% to 100% EIH increased stake in EEH 4

6 Economics of Gaming Gross Win 20% 40% 40% Concession Holder (SJM) Grand Emperor Hotel Government Tax Account for all operating costs (staff, equipment, maintenance) Less: Marketing expenses Net Profit From Mass Market Less: 1) Marketing expenses 2) Rolling commission Net Profit From VIP Market 5

7 Grand Emperor Hotel: Revenue Breakdown Total Revenue: HK$1,255.1 million 1/4/07-31/3/08 Non-gaming HK$170.0m 13.5% Gaming HK$1,085.1m 86.5% 6

8 Grand Emperor Hotel: Gaming Revenue Total Gaming Revenue: HK$1,085.0 million 1/4/07-31/3/08 Gaming Concourse HK$257.4m 23.7% Slots HK$45.3m 4.2% VIP Room Rental HK$56.6m 5.2% Self-operated VIP Rooms HK$725.7m 66.9% 7

9 Gaming Revenue: Concourse For year ended 31 March FY2006/07 As on 31/3/07 FY2007/08 As on 31/3/08 Number of tables operated Gross Win Average win per table per day HK$494.9m HK$28,000 HK$643.6m HK$34,000 Continuous growth in table win since opening 8

10 Gaming Revenue - Slots For year ended 31 March FY2006/07 As on 31/3/07 FY2007/08 As on 31/3/08 Capacity of Slot seats Gross Win HK$119.3m HK$113.4m Average win per seat per day HK$950 HK$900 Stable gross win with accumulating of Jackpot 9

11 Gaming Revenue: Self-managed VIP Halls For year ended 31 March FY2006/07 As on 31/3/07 FY2007/08 As on 31/3/08 Number of halls 1 2 Number of tables 6 10 Rolling HK$52,925m HK$49,215m Net Win % 3.1% 3.2% Average win per table per day HK$750,000 HK$426,000 Backed by Emperor s decade-long experience in running VIP rooms Stable rolling revenue despite keen competition 10

12 Gaming Revenue: VIP Room Rental For year ended 31 March FY2006/07 As on 31/3/07 FY2007/08 As on 31/3/08 Number of VIP rooms leased out 6 4 Total rental during period HK$40.0m HK$56.6m Diversified income stream Complementary to other hotel operations 11

13 Non-Gaming Revenue Total Non-Gaming Revenue: HK$170.0 million 1/4/07-31/3/2008 F&B $70.2m 41% Hotel Rooms $85.0m 50% Rental from sauna, night club and retails $14.9m 9% 12

14 Non-Gaming Revenue Hotel Rooms FY2006/07 As on 31/3/07 FY2007/08 As on 31/3/08 Number of hotel rooms Occupancy 82% 85% Average room rate per day HK$740 HK$830 Food & Beverage Income HK$58.3m HK$70.2m Rental Income HK$14.7m HK$14.9m 13

15 Non-Gaming Revenue: New Rental Space Created additional retail space in hotel lobby Stable rental revenue Maximise returns 14

16 Shanghai Star City Progress Update Basement construction completed Appointed international consultants for leasing management and mall design Set to be a top-brand commercial complex in Shanghai in

17 Star City: Conceptual Design 16

18 Star City: Planning Details Project Details Site Area Floor Area Total Area including Carpark 246,200 sq feet 925,700 sq feet 1,227,000 sq feet 8-storey commercial complex Commercial portion + Carpark 1,054,800 sq feet Hotel / Serviced Apartment Floor Area 130,000 sq feet Number of Rooms

19 Appendix - Corporate Structure Emperor Group 56% 70% 45% 79% 75% Emperor International Holdings Limited (SEHK: 0163) Emperor Watch & Jewellery Limited (SEHK: 0887) Emperor Capital Group Limited (SEHK: 0717) Emperor Entertainment Group Limited (SEHK: 8078) New Media Group Holdings Limited (SEHK: 0708) Property & Hotel 43% Retailing of high-end watches and jewellery Broking & Financing Musical records Motion pictures Artistes management Events production Magazines & Publishing Emperor Entertainment Hotel Limited (SEHK: 0296) Gaming & Entertainment 18

20 Q & A Session 19