Post on 17-Sep-2020
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
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
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
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
Crown Limited – 2009 Annual General Meeting
Crown Melbourne - Property Update
Crown Towers RefurbishmentLagerfield Beer Garden
Sho Noodle Bar Crown Towers Refurbishment
SLIDE 4
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
Crown Limited – 2009 Annual General Meeting
24 Hour Western & Asian Restaurants
Burswood – Property Update
Central Casino Refurbishment
SLIDE 6
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
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
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
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
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