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Our Vision
Market Capitalisation
32,415 ,
30,000
25,000
20,091
20,000
20,948
16,528
15,000
16,788
13,988 11,223
10,000
6,424 5,008
5,000
6,431
6,754
7,402
Galaxy
Crown
Genting M'sia
SJM
Genting Bhd
Wynn
Wynn Macau
Sands China
Genting S'pore
LVS
893 810
800 700
615
600 500 400
642
545
319
300 200 100 0 MGM Grand MGM Macau Wynn LV Bellagio Sands Macau
329
259 163
270
271
Grand Lisboa
MBS
Venetian Macau
Wynn Macau
RW Sentosa
RM millio on
71
73
75
77
79
81
83
85
87
89
91
93
95
97
99
01
03
05
07
09
A pr -11
Genting Berhad shares * Genting Malaysia Berhad shares * Genting Singapore PLC shares ** Genting Hong Kong Ltd shares Ge t g Plantations Berhad s a es Genting a tat o s e ad shares
^ Based on closing prices as at 8 Apr 2011 ^^ Accumulated dividends until 31 Dec 2010 Net of initial cost of shares * Adjusted for share split (50 sen to 10 sen par value) ** Adjusted for rights issue (1 for 5)
Corporate Structure
Genting Berhad
Main Board of Bursa Malaysia Market Cap.: US$13.8bn
Energy
Genting Sanyen Power Sdn Bhd
Unlisted
100%
18.4%
100%
11.0%
Genting NY LLC
Unlisted
Genting HK Ltd
HK Stock Exchange Market Cap.: US$3.4bn
Genting UK
Unlisted
100%
Landmarks Bhd
Main Board of Bursa Malaysia y Market Cap.: US$0.2bn
Genting Power, India Lanco Kondapalli Ph 1 (2003) Lanco Kondapalli Ph 2 (2009) Aban (2004)
Genting Oil & Gas, Indonesia North West Natuna PSC (2004) Anambas PSC (2004) Kasuri PSC, West Papua (2008)
Outlook
Continued growth in regional L&H industry Cash is King! Groups cash position in excess of RM15 billion Development of Resorts World New York Turnaround of Genting UK business Asia represents an excellent market for casino gaming Mature markets in U.S.A. and Europe are also attractive
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Financial Overview
RM (million) Revenue Adjusted EBITDA Adjusted EBITDA Margin (%) Net Profit attributable to S'holders Basic EPS (sen) Net Cash/(Debt) FY10 15,195 7,111 47% 2,203 59.6 1,999 FY09 8,894 3,771 42% 1,044 28.3 1,178 >100 >100 70 +/- (%) 71 89
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71%
15,195
12,000 10,000
8,484 8 484
8,000
9,083
8,894
6,419
6,000 4,000
Plantation
Property p y
Power
Others
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89%
50% 44% 39% 42%
7,111 47%
3,759 3,217
3,540
3,771
Adjusted EBITDA
Note: Adjusted EBITDA excludes non recurring items; including fair value gains/losses, impairments, pre-opening & pre-development expenses and other non-operating income/expenses
13
14,690
15,430
9,468 8,036
9,439
Note: Cash and cash equivalents include money market instruments & restricted cash
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15
16
18.7
18.4
13.4 14.1
10
Malaysia 63%
0 00 01 02 03 04 05 06 07 08 09 10
Continued revenue growth despite regional competition (2010 : 3% vs 2009 : 1%) Yield management programs and marketing activities important drivers Day trippers (mostly locals) account for 73% of total visitors to RWG
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12,000
92% 93% 100% 89% 90% 84% 84% 79% 79% 77% 80% 78%
80% Average Occu upancy Rate (%)
10,000 10 000
Average Room Rate of RM81 (2009: RM75) WorldCardTM members takes up more than 61% (2009: 53%) of room sold
10,000 10,000 10,000 10,000 40% 10,000 4,000 8,900 7,020 6,1006,100 20% 4,720 2,000 2,930 2 930
0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 No. of Rooms Average Occupancy Rate 0%
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Overview
Genting Malaysia completed the acquisition of Genting UK on 15 Oct 2010 Purchase P h consideration of 3 1 id i f 351.5 million @ enterprise value of 426 million Largest casino operator in UK in terms of number of casinos (46 casinos) Genting UK Groups performance: FY10 Revenue of 196 million vs 194 million (FY09) FY10 EBITDA of 20 million vs 29 million (FY09) o ( 09) FY10 Visitors of 3.4 million vs 3.5 million (FY09)
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Growth Opportunities
Pursuing opportunities to further strengthen position in UK Partnering NEC Group for a proposed development of a 90 million leisure and entertainment complex including a large casino at the NEC site complex, NEC is UKs most successful exhibition venue and attracts over 3 million visitors a year Selected as the new operator of the casino at The Nile Ritz C S f Carlton Hotel in Cairo, Egypt (expected opening in 2012)
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Project Overview
Occupies 210 acres in South Ozone Park in the Borough of Queens, New York Strategic location, located within vicinity of 2 airport terminals and connected g , y p via the mass transit system In September 2010, Genting New York was awarded a 30-years license to p , y ( ) operate 4,500 Video Lottery Terminals (VLT) Estimated project cost of US$500 million inclusive upfront licensing fee of US$380 million Project involves fitting out existing buildings and facilities VLT provided by facilities. supplier on revenue sharing basis Expected soft opening with minimum of 1,600 VLT in 2H 2011
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Key Features
Total area of 413,000 sq. ft (including 135,000 sq. ft casino floor area) Casino Designated low and high limit areas for video gaming F&B facilities Chinese Cuisine, Food Court, 300-seat International Buffet, Lounges & Bar Transport facilities Linkage to NYCs mass transit train system Shuttle services to bus terminal Bus program to neighbouring areas 7,000 car parking spaces ( > 2,000 located in a new indoor garage)
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Construction Progress
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Financial Overview
RM (million) Revenue Adjusted EBITDA Adjusted EBITDA Margin (%) Net Profit attributable to S'holders Basic EPS (sen) Net Cash/(Debt) ( ) FY10 5,333 2,024 38% 1,277 22.4 2,464 , FY09 4,992 2,011 40% 1,324 23.2 5,251 , (4) (3) ( ) (53) +/- (%) 7 1
28
7%
5,333 4,887 4,352 4,992
RM million 2,500
5,000
2,046
2,000
2,011 40%
2,024
42%
4,000
3,808
1,500
38%
41%
3,000
1,000
2,000
1,000
500
Adjusted EBITDA
Note: Adjusted EBITDA is before exceptional items such as goodwill and other write-offs & one-off gains
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Site Plan
Hotels
Battlestar Galactica
Waterworld
Online Gaming
Launched 1st online casino brand CircusCasino.com" in June 2008 - operated by Genting Alderney Ltd Offers a range of over 200 casino, card & t bl games, Off f i d table incl. player to player poker Principal market in the UK p - with linkage between the land based casino & online offering being key focus for future development Ensure compliance with various gambling legislative requirements PwC estimated in 2007 that legalization could yield as much as $43 billion in tax revenue over 10 years if it includes sports betting and $34 billion even if it doesn't
37 Alderney
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Financial Overview
SGD (million) Revenue Adjusted EBITDA Adjusted EBITDA Margin (%) Net Profit attributable to S'holders S holders Basic EPS (cents) Net Cash/(Debt)
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Overview of Genting HK
Newport Mall
World-class entertainment W ld l t t i t
Carrying equity value of 50% investment in NCL: US$791m (at 31 Dec 2010) Tables / Slots: 198 / 2,091
Norwegian Sun No. of berths: 1,936 Year entered service: 2001 Gross tonnage: 78,309 Norwegian Dawn No. of berths: 2,224 Year entered service: 2002 Gross tonnage: 92,250
Norwegian Star No. of berths: 2,240 Year entered service: 2001 Gross tonnage: 91,000
Norwegian Spirit No. of berths: 1,996 Year entered service: 1998 Year of refurbishment: 2004 Gross tonnage: 77,000
Star Pisces No. of berths: 1,168 Year entered service: 1990 Y t d i Gross tonnage: 40,053
Norwegian Jewel No. of berths: 2,376 Year entered service: 2005 Gross tonnage: 92,000
Norwegian Jade No. of berths: 2,402 Year entered service: 2006 Year of refurbishment: 2008 Gross tonnage: 93,558
MegaStar Aries No. of berths: 66 Year entered service: 1991 Year of refurbishment: 2003 Gross tonnage: 3,341
Norwegian Pearl No. of berths: 2,394 Year entered service: 2006 Gross tonnage: 93,502
Norwegian Gem No. of berths: 2,394 Year entered service: 2007 Gross tonnage: 93,500
Norwegian Sky No. of berths: 2,002 Year entered service: 1999 Year of refurbishment: 2008 Gross tonnage: 76,000 Norwegian Dream No. of berths: 1,747 Year entered service: 1992 Year of refurbishment: 1998 Y f f bi h t Gross tonnage: 50,764
Pride of America No. of berths: 2,138 Year entered service: 2005 Gross tonnage: 81,000
Norwegian Epic (under construction) No. of berths: 4,200 Delivery due in 2Q 2010 Scheduled sailing departs in early 3Q2010 Gross tonnage: 153,000
MegaStar Taurus No. of berths: 66 Year entered service: 1989 Year of refurbishment: 1994 Gross tonnage: 3,341
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Genting Plantations
One of Malaysias lowest cost palm oil producers Current landbank of 66,000 hectares in Malaysia and around 85,000 hectares through JV in Indonesia Lab Leader in Palm Oil NKEA Lab
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Hectares ('000)
160
Maturity Profile
120
Member of Roundtable on Sustainable Palm Oil since 2004 Strong growth potential with an average age of below 10 years for the Group Maiden harvest from West Kalimantan in July 2010
16%
40
67%
0 FY06
68%
43%
42%
38%
FY07
FY08
FY09
FY10
Mature
Immature
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FFB Production
60 40 20 0 FY87 FY89 FY91 FY93 FY95 FY97 FY99 FY01 FY03 FY05 FY07 FY09
FFB Production
Financial Overview
RM (million) Revenue Adjusted EBITDA j Adjusted EBITDA Margin (%) Net Profit attributable to S'holders S holders Basic EPS (sen) Net Cash/(Debt)
+/- (%) 31 42
38 37 16
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50
51 51
Key Facts
L Location : G ti Indahpura, Kulai ti Genting I d h K l i intersection of 2 major highways Overall Site : 44 acres Gross Leasable Area : 175,000 sq. ft. No of Tenants : 80-90 Expected opening in 4Q 2011
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Owns or has an interest in 394 retail real estate properties comprising 264 million square feet of GLA in North America, Europe and Asia* Its Premium Outlets portfolio consist of 69 , Premium Outlet Centers; with 57 in the U.S., 1 in Puerto Rico, 8 in Japan, 2 in South Korea and 1 in Mexico Generates annual retail sales in excess of $60 billion in its U S portfolio U.S. Employs more than 5,000 people worldwide
* As at 31 Dec 2010
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Power Division
MALAYSIA 58.6%-owned Kuala Langat Power Plant; one of Malaysias most efficient plants 720MW gas-fired combined-cycle co-generation plant 21 year 21-year PPA, expiring 2015 Stable cash-flow, debt-free
CHINA p ( j ) 100% in 724MW Meizhou Wan plant (Fujian Province) INDIA 30% in 368MW Lanco Kondapalli Phase I gas-fired combined-cycle power plant in Andhra Pradesh 30% in 366MW Lanco Kondapalli Phase II gas-fired combined-cycle power plant in Andhra Pradesh 36.26% interest in 113MW Aban Power gas-fired combined-cycle power plant in Tamil Nadu 74% of O&M company in Andhra Pradesh that operates and maintains the 2 power plants in Andhra Pradesh
RENEWABLE ENERGY Wind Power 100% in 91.8MW Jangi Wind in Gujarat (the 1st renewable power plant for the Group) expected commercialisation by 4Q2011 Solar Power Minority interest in Suniva, a producer of monocrystalline silicon photovoltaic cells and modules based in Georgia Atlanta Georgia,
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Thank you
Disclaimer p 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 Group (Group) about its business and the industry and markets in which it operates. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors some of which are beyond the control of the Group and are difficult to predict. Consequently, actual results could differ materially from those expressed or forecast in the forward-looking statements as a result of, p g , among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks. The Group does not undertake to update these forward-looking statements to reflect events or circumstances that may arise after publication.