Investor Presentation and Trading Update
Sydney, Oct 26, 2015 AEST (ABN Newswire) - Donaco International Ltd (
ASX:DNA) lodges the attached presentation, which will form the basis of a series of investor presentations in Asia this week.
The presentation includes a trading update for the September quarter.
Key Investment Highlights:
- Strategically located, high quality leisure and hospitality assets in Vietnam and Cambodia
- Geographic diversification, serving the Chinese and Thai tourist markets
- Favourable tax rates and border zone benefits - customers do not need visas, and can use their home currency
- Strong cash flow generation
- Management has deep gaming expertise and pedigree
- Trading update across both properties for September 2015 quarter:
- Total actual net revenue AUD36.27m, up 37%
- Total actual EBITDA AUD26.99m, up 38% (before corporate costs)
- Strategy to roll up profitable boutique leisure and hospitality businesses in Asia Pacific
- Founded in 2001 by MD Joey Lim Keong Yew and his late grandfather, Tan Sri Lim Goh Tong (founder and chairman of the Genting Group)
- Listed on the ASX in February 2013 (ASX:DNA)
- Pioneer of the Vietnamese gaming industry, with 14 years of successful operation. Joint venture with the Vietnamese Government (5%)
- Flagship property is the Aristo International Hotel, located in Lao Cai, Vietnam, on the border with Yunnan Province, China
- Recently completed transformational acquisition of Star Vegas Resort & Club, located in Poipet, Cambodia, on the border with Thailand
- Casino management at both properties are veterans from the Genting Group
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DNA-887131.pdf
About Donaco International Ltd
Donaco International Limited (ASX:DNA) operates leisure, entertainment and associated technology businesses across the Asia Pacific region.
Donaco's largest business is the Star Vegas Resort & Club, a successful casino and hotel complex in Poipet, Cambodia, on the border with Thailand. Star Vegas was established in 1999, and is the largest and highest quality of the Poipet casino hotels. The property has more than 100 gaming tables, more than 1400 slot machines, and 385 hotel rooms.
Donaco's flagship business is the Aristo International Hotel, a successful boutique casino in northern Vietnam, located on the border with Yunnan Province, China. Established in 2002, the property has recently been expanded to a brand new five star resort complex with 400 hotel rooms. Donaco is a pioneer casino operator in Vietnam, and owns a 95% interest in the business, in a joint venture with the Government of Vietnam.
| ||
|
