Q2 & Interim Results 2019
13 August, 2019
Executive Summary
GEG: Solid Mass Performance, Challenging VIP Segment
Q2 2019
- Q2 Group Net Revenue of $13.2 billion, down 5% year-on-year and up 1% quarter-on-quarter
- Q2 Group Adjusted EBITDA of $4.3 billion, flat year-on-year and up 9% quarter-on-quarter
- Played lucky in Q2 which increased Adjusted EBITDA by approximately $349 million, normalized Q2 Adjusted EBITDA of $4.0 billion, down 11% year-on-year and up 3% quarter-on-quarter
1H 2019
- 1H Group Net Revenue of $26.2 billion, down 7% year-on-year
- 1H Group Adjusted EBITDA of $8.3 billion, down 4% year-on-year
- 1H Net Profit Attributable to Shareholders ("NPAS") of $6.7 billion, decreased 7% year-on-year
August 2019 | 2 |
Executive Summary
Galaxy Macau™: Solid Mass Performance, Property Enhancement Program on Track
Q2 2019
- Q2 Net Revenue of $9.5 billion, down 4% year-on-year and up 3% quarter-on-quarter
- Q2 Adjusted EBITDA of $3.2 billion, flat year-on-year and up 7% quarter-on-quarter
- Played lucky in Q2 which increased Adjusted EBITDA by approximately $253 million, normalized Q2 Adjusted EBITDA of $3.0 billion, down 11% year-on-year and flat quarter-on-quarter
- Hotel occupancy for Q2 across the five hotels was virtually 100%
1H 2019
- 1H Net Revenue of $18.8 billion, down 5% year-on-year
- 1H Adjusted EBITDA of $6.3 billion, down 3% year-on-year
August 2019 | 3 |
Executive Summary
StarWorld Macau: Solid Mass Performance, Property Enhancement Program on Track
Q2 2019
- Q2 Net Revenue of $2.8 billion, down 10% year-on-year and down 8% quarter-on-quarter
- Q2 Adjusted EBITDA of $943 million, down 4% year-on-year and down 1% quarter-on-quarter
- Played lucky in Q2 which increased Adjusted EBITDA by approximately $92 million, normalized Q2 Adjusted EBITDA of $851 million, down 14% year-on-year and down 3% quarter-on-quarter
- Hotel occupancy for Q2 was virtually 100%
1H 2019
- 1H Net Revenue of $5.7 billion, down 8% year-on-year
- 1H Adjusted EBITDA of $1.9 billion, down 5% year-on-year
August 2019 | 4 |
Executive Summary
Broadway Macau™: A Unique Family Friendly Resort, Strongly Supported By Macau SMEs
Q2 2019
- Q2 Net Revenue of $147 million versus $131 million in Q2 2018 and $151 million in Q1 2019
- Q2 Adjusted EBITDA of $6 million versus $2 million in Q2 2018 and $15 million in Q1 2019
- Played lucky in Q2 which increased Adjusted EBITDA by approximately $4 million, normalized Q2 Adjusted EBITDA of $2 million versus $4 million in Q2 2018 and $11 million in Q1 2019
- Hotel occupancy for Q2 was virtually 100%
1H 2019
- 1H Net Revenue of $298 million versus $273 million in 1H 2018
- 1H Adjusted EBITDA of $21 million versus $15 million in 1H 2018
August 2019 | 5 |
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Galaxy Entertainment Group Limited published this content on 13 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2019 04:51:09 UTC