2024 Annual Meeting of Shareholders

MARKET RELEASE
SkyCity Entertainment Group Limited (SKC.NZX/SKC.ASX)
31 October 2024

2024 Annual Meeting of Shareholders

Pursuant to NZX Listing Rule 3.19.2, please find attached copies of the following prepared presentations to be delivered at the company’s 2024 Annual Meeting of shareholders today:

(a) Annual Meeting Presentation (which contains an update on trading and outlook, as set out below);
(b) Chair of the SkyCity Board’s Address;
(c) Chief Executive Officer’s Address; and
(d) Chair of the SkyCity Transformation Sub-Committee’s Address.

These presentations will also be available on the company’s website at https://www.skycityentertainmentgroup.com/investor-centre/financial-information/reports-presentations/2024 later today together with the video presentations to be screened at the Annual Meeting showcasing the SkyCity properties and the highlights across the business over the financial year ended 30 June 2024.

A recording of the Annual Meeting will also be available on the company’s website following the Annual Meeting.

Trading update and outlook

• Economic environment continues to be challenging with cuts to interest rates potentially providing some relief
• Expect tough conditions to continue into 2025 as consumer discretionary spend is forecast to be subdued with improving outlook in second half of FY25
• Reiterate FY25 earnings guidance of underlying Group EBITDA of between $245 million and $265 million

Ends

For more information, please contact:

Investors and Analysts - Craig Brown
Head of Investor Relations & Corporate Development
Mobile: +64 27 470 6802
E-mail: [email protected]

Media - Graeme Muir
GM Communications
Phone: +64 214 26 844
Email: [email protected]


This announcement has been authorised for release by:
Jo Wong, General Counsel & Company Secretary

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Announcement PDF