DXB Entertainments Investor Presentation
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INVESTOR PRESENTATION September | 2018 Disclaimer PRESENTATION AND ITS CONTENTS ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO ANY JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL. This presentation has been prepared and issued by DXB Entertainments PJSC (the “Company”). For the purposes of this notice, “presentation” means this document, its contents or any part of it, any oral presentation, any question or answer session and any written or oral material discussed or distributed during the presentation meeting. The information set out in this presentation may be subject to updating, revision, verification and amendment and such information may change materially. Neither the Company, any of its parent or subsidiary undertakings, the subsidiary undertakings of such parent undertakings, nor any of such person’s respective directors, officers, employees, agents, affiliates or advisers is under an obligation to update or keep current the information contained in this presentation to which it relates or to provide the recipient of with access to any additional information that may arise in connection with it and any opinions expressed in this presentation are subject to change without notice. None of the Company or any of its parent or subsidiary undertakings, or the subsidiary undertakings of such parent undertakings, and any of such person’s respective directors, officers, employees, agents, affiliates or advisers shall have any liability whatsoever (in negligence or otherwise) for any loss whatsoever arising from any use of this presentation, or otherwise arising in connection with this presentation. This presentation is an advertisement for the purposes of the United Kingdom Prospectus Rules and the information contained herein are not an offer of securities for sale in the United States nor any other jurisdiction. This presentation does not constitute or form part of, and should not be construed as, any offer, invitation, solicitation or recommendation to purchase, sell or subscribe for any securities in any jurisdiction nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This presentation is for information purposes and convenient reference. It is not definitive advice, nor should it be relied upon as such. This presentation does not purport to contain all of the information that may be required to evaluate any potential transaction and should not be relied on in connection with any such potential transaction. Any projection, estimate, forecast or other ‘forward-looking’ statement in this presentation only illustrates hypothetical performance under specified assumptions of events or conditions, and is not a reliable indicator of future performance. To the extent available, the industry and market data contained in this presentation may have come from official or third party sources. Such third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company has not independently verified the data contained therein. In addition, certain of the industry and market data contained in this presentation come from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the market in which the Company operates. While the Company generally believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, undue reliance should not be placed on any of the industry or market data contained in this presentation. You agree to be bound by the foregoing limitations and conditions and, in particular, will be deemed to have represented, warranted and undertaken that you have read and agree to comply with the contents of this notice. LEGO ®, the LEGO logo and LEGOLAND ® are trademarks of the LEGO Group. ©2017 The LEGO Group. LEGOLAND IS A PART OF MERLIN ENTERTAINMENTS plc. 2 Company Overview 3 AED 8 billion equity ABOUT US AED 8.0bn DXB Entertainments has raised AED 6.3 billion in equity through an IPO in 2014, and an additional AED 1.7 billion through a rights issue in2016. DXB Entertainments PJSC is a Dubai headquartered Leisure and Entertainment Company listed on the Dubai Financial Market under the trading symbol DXBE. We are the owner of Dubai Parks and Resorts, the regions largest integrated theme park destination, with Five Theme AED 6.3 billion Parks*, Two Hotels*, and One retail and Leisure and financing DXB dining facility all spread over 30.6 million Entertainment attractions sq.ft of land, with an estimated AED 13.2 AED billion in development costs. 6.3bn DXBE has raised AED 4.2 16 DXBE also manages 6 Dubai-based family billion through a financing facility for Phase DXB Entertainments operates a diverse portfolio entertainment centers in addition to a I for DPR, AED 1 billion for of leisure andentertainment Phase II and AED 1.2 billion chain of cinemas,all owned by Meraas. assets with world-class IP in convertible bonds from its partners, spread across 4 majority shareholder Meraas locations in Dubai. * Phase II expansion, Six Flags Dubai and LEGOLAND® Hotel opening soon 4 Vision, Mission and Goals DXB Entertainments manages family-friendly leisure and entertainment assets, with world-class IP partners and operators, spread across four locations in Dubai. With a diverse portfolio of 16 leisure and entertainment experiences, DXB Entertainments is thelargest leisure and entertainment company in the region. Our attractions have been built to serve UAE residents and the growing inbound UAE tourist market, with a special focus on the neighbouring GCC and Indian subcontinent. Vision Mission Goals DXB Entertainments aims to At the forefront of the thriving 1.Establish ourselves as a key 4. Successfully expand the become a leading provider leisure and entertainment industry component of Dubai’s world- number of hotel rooms of leisure and entertainment in the Middle East, we seek to class and expanding Leisure available at Dubai Parks and offerings and services for create and manage a portfolio of and Entertainment experiences Resorts by opening the customers, spreading fun experiences and assets that deliver by growing visitor numbers LEGOLAND® Hotel in 2019, and excitement throughout long-term shareholder value. at our properties. and pursuing otherhospitality the region through amazing opportunities. family experiences. 2. Diversify our portfolio by pursuingbest-in-class, 5. Continuously innovate in profitable ventures and the area of entertainment, opportunities. and strive to become an 3. Successfully construct internationally recognised and open Six Flags Dubai industry leader in thefield. at Dubai Parks and 6. Provide a world-class Resorts, the first Six Flags experience for ourguests. theme parkin the Middle East. 5 DXB Entertainments Since Inception The official inauguration of Dubai Parks and Resorts in AED 1.2b December 2016 concluded a five-year journey and AED 1.2 billion in marked the end of construction of Phase I convertible bonds from Meraas AED 0.9b AED 4.2b Secured AED Agreement Secured AED 4.2 993 million in billion syndicated financing facility with Meraas to finance facility for Six Flags manage select L&E assets AED 2.6b AED1.7b Successful Rights issue for LEGOLAND® Hotel completion of Six Flags Dubai Dubai to open AED 2.6 billion successfully adjacent to LEGOLAND® Dubai. IPO completed Company moves into operational DreamWorks zone in phase as MOTIONGATE unveiled to the Agreed major LEGOLAND® Dubai public partnerships with and Riverland™ Broke ground on globally Dubai opened 31 Planned to open in Dubai Parks Dubai Financial Market listing Six Flags Dubai recognised October late 2019, Six Flags and Resorts brands, including Dubai will be the project Ground work commenced Lionsgate fifth theme park at announced on site the Dubai Parks and Launched ‘Helmi’ DPR’s first ride – Resorts destination, scholarship The Dragon and will include programme, Coaster DXB Official over 20 rides and offering Emiratis installed at Entertainments inauguration of Lapita Hotel and LEGOLAND attractions for all training in LEGOLAND® name change DPR on 18th Water Park open to the public ages across six Orlando, USA Dubai completed December on 2 January themed zones. 2012 2014 2015 2016 2017 THE FUTURE CUMULATIVE PLANNED Project Spend AED 2.6B AED 5.8B AED 10.5B Project Spend AED 2.7B 6 THE LARGEST LEISURE AND ENTERTAINMENT COMPANY IN THE REGION Leisure and Entertainment 16 Attractions i DXB Entertainments operates a diverse portfolio of leisure and entertainment assets, with world class IP partners, spread across 4 locations in Dubai. ® ® * Phase II expansion, Six Flags Dubai and LEGOLAND® Hotel opening soon. LEGO, the LEGO logo and LEGOLAND are trademarks of the LEGO 7 Group. ©2017 The LEGO Group. LEGOLAND IS A PART OF MERLIN ENTERTAINMENTS plc. FAMILY ENTERTAINMENT CENTRES 12 13 HUB ZERO 14 IN THE 11 14 10 16 BUSINESS OF A time warped arcade Outdoor water recreational which includes virtual CREATING 15 venue offering various reality shooting, virtual activities