UBS INVESTOR CONFERENCE PRESENTATION, INCL TRADING UPDATE

12 November 2018


Client Market Services
NZX Limited
Level 1, NZX Centre
11 Cable Street
WELLINGTON


Copy to:

ASX Market Announcements
Australian Stock Exchange
Exchange Centre
Level 6
20 Bridge Street
Sydney NSW 2000
AUSTRALIA


RE: SKYCITY ENTERTAINMENT GROUP LIMITED (SKC)
UBS INVESTOR CONFERENCE PRESENTATION, INCLUDING TRADING
UPDATE


Please find attached a copy of the investor presentation to be delivered by the
company at the UBS Investor Conference in Sydney, Australia, today.

The investor presentation includes a trading update for the period 1 July 2018 to 7
November 2018 at page 10.

For any further information concerning the investor presentation, please contact:

Ben Kay
GM Corporate Development & Investor Relations
Email: ben.kay@skycity.co.nz

Phone: +64 (9) 363 6067


Yours faithfully



Jo Wong
Company Secretary

SKYCITY
Entertainment
Group Limited
SKYCITY
Entertainment
Group Limited
UBS Investor
Conference
Investor
Presentation
12 November 2018

2
2
FY18 − key achievements
Record financial performance
+10.4% in normalised NPAT
Improved operational
performance at all properties
Completed refresh of
group strategy
Successfullyprogressed
key strategic initiatives
Increased focus on CSR
initiatives and sustainability
Board and management focused on
executing strategic plan

3
3
Refreshed group strategic plan

4
4
Creating long-term value

5
5
Corporate Social Responsibility

6
6
Project update − NZICC & Horizon Hotel
Remains a challenging project
•Likely to be further delays to completion
(beyond December 2019)
•Further update once greater certainty around
completion dates
Remain comfortable with contractual
arrangements
•Additional SKYCITY costs due to delays
expected to be covered by liquidated damages
•Litigation options continue to be evaluated
NZICC & Horizon Hotel development site
(as at November 2018)

7
7
Project update –Adelaide Expansion
Main construction works commenced in
June
Project on-time and on-budget
Total project costs remain at A$330m
(including contingency)
Expect car park to be opened
contemporaneous with expansion in 1H21
(September 2020)
SA Government has commenced
regulatory review
Adelaide expansion development site
(as at November 2018)

8
8
Update on other key strategic initiatives (1 of 2)
SKYCITY Darwin sold to Delaware North for A$188m
•Sale price A$8m above book value
•Transaction conditional on regulatory and
financing approvals
•Little Mindil to be sold separately (A$11m book
value)
Continue to explore potential sale of a concession
for our Auckland car parks
•Number of expressions of interest received
Ongoing concept development and feasibility
analysis for Auckland master planning
•Opportunities for further accommodation, F&B,
new gaming spaces and entertainment
•Intend to introduce development partners to
unlock value in precinct

9
9
Update on other key strategic initiatives (2 of 2)
Hamilton and Queenstown master planning
progressing well
•Evaluating opportunity for hotel
development in Hamilton
•Conditional agreement signed for future
development site in Queenstown
Progressing strategy to grow hotels business
•Continue to seek investment partner
Well progressed with developing offshore
online casino
•Intend to partner with offshore operator
•Support future regulation in NZ

10
10
Trading update
Group
YTD to 7 November 2018 normalised group revenue up 7% vs. pcp with domestic revenue (ex IB) up 3%
Excluding Darwin, YTD normalised group revenue up 8% vs. pcp and domestic revenue (ex IB) up 4%
New Zealand
2H18 momentum in Auckland has continued YTD –positive performance across the property, particularly in EGMs
with revenue up 6% vs. pcp
Performance in Hamilton slighty weaker vs. strong comparative period –improved EGM performance offset by
weaker table games hold
Australia
Improved local gaming activity in Adelaide YTD with market share stable –managing disruption from main
construction works effectively
Darwin delivering stable performance YTD
International Business
Strong performance YTD vs. weaker comparative period –$4.5bn in turnover as at 7 November 2018 (up 36%)
YTD win rate of 1.49% vs. theoretical of 1.35%
FY19 Outlook
Stronger comparatives ahead for remainder of FY19, particularly in Auckland and IB
Continue to expect modest growth in FY19 normalised group EBITDA vs. pcp

11
11
Focus for remainder of FY19
Improve operating performance
Execute major projects effectively
1
2
Conclude asset sales –Darwin and Auckland car parks
3
Continue to enhance CSR / sustainability initiatives
5
Progress key strategic initiatives
4

12
12
Disclaimer
All information included in this presentation is provided as at 12 November 2018
This presentation includes a number of forward-looking statements. Forward-looking statements, by their
nature, involve inherent risks and uncertainties. Many of those risks and uncertainties are matters which are
beyond SKYCITY’s control and could cause actual results to differ from those predicted. Variations could either
be materially positive or materially negative
This presentation has not taken into account any particular investors investment objectives or other
circumstances. Investors are encouraged to make an independent assessment of SKYCITY
All figures in NZ$ unless otherwise stated

SKYCITY
Entertainment
Group Limited
SKYCITY
Entertainment
Group Limited