Star Entertainment : Half Year Results Presentation

16 February 2017

HALF YEAR RESULTS PRESENTATION

Attached is the presentation regarding the financial results of The Star Entertainment Group Limited (The Star Entertainment Group) for the half year ended 31 December 2016, to be presented by Matt Bekier, Managing Director and Chief Executive Officer, and Chad Barton, Chief Financial Officer.

The presentation and a link to an audio webcast of the presentation will be available on The Star Entertainment Group's website at www.starentertainmentgroup.com.au from 10:00am (Sydney time) today.

The information contained in this announcement should be read in conjunction with today's announcement of The Star Entertainment Group's half year results.

Paula Martin

Group General Counsel & Company Secretary

STARENTERTAINMENTGROUP.COM.AU THE STAR ENTERTAINMENT GROUP LTD ABN 85 149 629 023

Page 1 of 1

THE STAR ENTERTAINMENT GROUP HALF YEAR 2017 RESULTS PRESENTATION‌

THE STAR ENTERTAINMENT GROUP

THE STAR ENTERTAINMENT GROUP LIMITED (ASX: SGR)

• Information in this presentation is provided as at the date of the presentation unless specified otherwise. It should be read in conjunction with The Star Entertainment Group Limited's financial report for the half year ended 31 December 2016 and other disclosures made via the Australian Securities Exchange

• The Star Entertainment Group results are reported under International Financial Reporting Standards (IFRS). This presentation may include certain non-IFRS measures including normalised results, which are used internally by management to assess the performance of the business

• Non-IFRS measures and current trading 2H FY2017 results to date have not been subject to audit or review

• Normalised results reflect the underlying performance of the business as they remove the inherent volatility of the International VIP Rebate business. Normalised results are adjusted using an average win rate of 1.35% on actual turnover, with no adjustments to commissions, rebates or doubtful debts

• Normalised EBIT (Underlying Earnings) and Normalised EBITDA are calculated based on normalised gross revenue and normalised taxes. Significant items are excluded from the normalised results

• Queensland results referred to in this presentation relate to the Gold Coast and Brisbane segments as reported in the statutory accounts

  DISCLAIMER

• This presentation is prepared for information purposes only and does not take into consideration any individual investor's circumstances. The Star Entertainment Group recommends investors make their own assessments and seek independent professional advice before making investment decisions

• This presentation may include forward looking statements and references which, by their very nature, involve inherent risks and uncertainties. These risks and uncertainties may be matters beyond The Star Entertainment Group's control and could cause actual results to vary (including materially) from those predicted. Forward looking statements are not guarantees of future performance. Past performance information in this presentation is provided for illustration purposes only. It is not indicative of future performance and should not be relied upon as such

• This presentation has been prepared by The Star Entertainment Group (unless otherwise indicated). Information may be reproduced provided it is reproduced accurately and not in a misleading context. Where the material is being published or issued to others, the sources and copyright status should be acknowledged. Some information included in this presentation has been provided by third parties with their consent. The Star Entertainment Group does not accept any responsibility for the accuracy or completeness of that information

2

THE STAR ENTERTAINMENT GROUP AGENDA

1. OVERVIEW MATT BEKIER - CEO

2. FINANCIALS CHAD BARTON - CFO

3. OUTLOOK AND PRIORITIES MATT BEKIER - CEO

4. Q&A

3