ASX Announcement

3 May 2017

PRESENTATION TO INVESTORS

Attached is a presentation that will be delivered by The Star Entertainment Group Limited to investors at the Macquarie Securities Australia Conference in Sydney on 3 May 2017.

For more information contact:

Harry Theodore

Head of Strategy, Investor Relations & Treasury, The Star Entertainment Group +61 9657 8040

Peter Jenkins

Head of Media and Communications, The Star Entertainment Group +61 439 015 292

STARENTERTAINMENTGROUP. COM. AU T + 61 7 3228 0000

THE STAR ENTERTAINMENT GROUP LTD ABN 85 149 629 023

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THE STAR ENTERTAINMENT GROUP

PRESENTATION AT MACQUARIE'S AUSTRALIA CONFERENCE

WEDNESDAY 3 MAY 2017

THE STAR ENTERTAINMENT GROUP

THE STAR ENTERTAINMENT GROUP LIMITED (ASX: SGR)

BASIS OF PREPARATION AND NON-IFRS INFORMATION

  • 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

    1. OVERVIEW KEY METRICS

    FOOTPRINT

    FY2016 FINANCIALS

    FUTURE *

    3 properties (Sydney, Brisbane, Gold Coast)

    1,330 5 star hotel rooms ~20m guests per annum 8,000 + total employees

    $10m+ contributed to partnerships, community

    groups and charities

    $4.9bn total assets

    $556m normalised EBITDA ($489m statutory EBITDA)

    $241m normalised net profit ($194m statutory

    NPAT)

    23.6 cents statutory earnings per share

    $2bn Queen's Wharf Brisbane Integrated Resort

    development

    Up to $850m Gold Coast expansion

    Up to $1bn Sydney expansion

    Less than 60% of forward

    capex funded by SGR

    Source: The Star Entertainment Group. FY2016 operating and financial data. Normalised results are based on a 1.35% Internati onal VIP Rebate business win rate and exclude significant items as reported for the full year ended 30 June 2016.

    * Proposals subject to approvals

    Star Entertainment Group Limited published this content on 03 May 2017 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 02 May 2017 23:33:13 UTC.

    Original documenthttps://www.starentertainmentgroup.com.au/s/20170503-ASX-Announcement-Presentation-to-Investors.pdf

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