Investor Presentation
Sydney, Feb 24, 2016 AEST (ABN Newswire) - Donaco International Ltd (
ASX:DNA) announce the latest Investor Presentation for the December 2015 Half Year Results.
Highlights
> Strong rolling chip turnover growth at Star Vegas Resort & Club - 29% in reported currency (16% in constant currency)
> Star Vegas has EBITDA guarantee of USD60 million for the full year. December half actual EBITDA was USD27.1 million, due to investment in business growth. June half will therefore be stronger (minimum EBITDA of USD32.9 million)
> Aristo International Hotel has shown major improvement from prior December 2014 period. Actual EBITDA up 97% in reported currency (59% in constant currency)
> Industry Leading Earnings Margins:
Revenue (AUD) EBITDA (AUD) MarginStar Vegas 55.47m 37.79m 68%Aristo 13.38m 7.79m 58%Donaco Group* 68.85m 39.12m 57%* including all corporate costs, but excluding non-recurring items
> Non-recurring items represent Star Vegas merger and acquisition costs, totalling 2.5% of the purchase price, which have all been expensed in the December 2015 half
> Star Vegas business expected to expand significantly from April 2016
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-DNA-908440.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.
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