INVESTOR PRESENTATION, INCLUDING UPDATED TRADING GUIDANCE

SKYCITY ENTERTAINMENT GROUP LIMITED (SKC)
INVESTOR PRESENTATION, INCLUDING UPDATED TRADING GUIDANCE

Please find attached a copy of the investor presentation to be delivered by the company at the SkyCity Investor Day in Auckland, New Zealand, today.

The presentation includes a trading update on page 16, including the following:

• the Group revenue trend reflects some uplift from the New Zealand tourism recovery, partially offset by the negative impact on trading from recent weather events in Auckland;
• electronic gaming machine performance continues to be strong, while table games remain subdued across all properties;
• the Group is experiencing higher legal and compliance costs, partially as a result of increased resource and capacity around anti-money laundering and harm minimisation;
• the termination of the Auckland Carpark Concession Agreement remains ongoing, with settlement expected to slip to FY24; and
• the FY23 normalised EBITDA(1) guidance range has been updated to $300m - $310m, excluding carpark earnings.

 
For further information concerning the trading update or the investor presentation, please contact:

Rodney Deacon
General Manager Group Strategy & Capital Markets
Email: [email protected]
Phone: +64 21 631 074

Authorised by:


Jo Wong
Company Secretary
Phone: +64 9 363 6143
Email: [email protected]

(1) - Normalised EBITDA is EBITDA adjusted for International Business theoretical win rate, New Zealand International Convention Centre fire impact, asset impairment and property valuation - refer to page 23 of SkyCity’s 1H23 results investor presentation for further detail

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Announcement PDF