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Sentosa Annual Report 2007

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Sentosa Annual Report 2007 SENTOSA UNLIMITED ANNUAL REPORT 06/07 Contents A Joint Board A Whole in One. Message Members Why Stop There? 2 6 10 We Made 5.7 million World-Class Leisure Size Matters. Sentosa Leisure-Seekers Feel is Hard Work. Only When It Leisure Group Special. The Trick is to Enjoy It. Comes to Vision. One By One. 24 34 42 50 SENTOSA UNLIMITED Blue skies, thrilling rides, endless tropical island adventures and a residential lifestyle that is among the most envied in the world. The impetus for Sentosa has always been to go the distance for staff, guests, business partners and stakeholders. As we develop further and enhance the Sentosa experience, we prepare to extend our unique brand of pleasure and delight to mainland Singapore, the Southern Islands and beyond. An island of unlimited possibilities that Singapore can truly be proud of. A JOINT MESSAGE 2 SENTOSA ANNUAL REPORT 06/07 An artist’s impression of Resorts World at Sentosa, Sentosa Express monorail system was launched on an upcoming world-class integrated resort schedule in January 2007. development by Genting International Ltd. was yet another year of key player in the global resorts industry. We “ The energy 2006 achievements and accolades. have taken significant strides in enhancing our ability to accommodate and retain more in the air has As we made substantial progress on our market segments for Sentosa, particularly the development plans, the atmosphere of family, lifestyle and MICE groups. strengthened excitement was heightened by the announcement of the winning bid for the The past year has seen the addition of new our resolve coveted Sentosa integrated resort project resorts, enhanced accessibility and a in December 2006. refreshing array of new and redeveloped to maintain attractions on the island. Awarded to Genting International Ltd, Resorts Sentosa’s World at Sentosa is a $5.2 billion, 49-hectare Most notably, our Sentosa Express monorail mega development set to open by 2010. system was launched on schedule in position as This family-oriented resort will comprise the January 2007. This major piece of the island’s acclaimed Universal Studios theme park, total transportation network now makes a key player a new marine park, Asia’s largest celebrity Sentosa even more accessible to guests, chef restaurants, signature retail offerings, whisking them from the mainland to the island in the global nightly shows, an interactive maritime in a comfortable and scenic ride. With this experience and over 1,800 hotel rooms with linkage, Sentosa Island is now seamlessly resorts meetings, incentives, conventions and connected to the world through the Mass exhibitions (MICE) facilities. Rapid Transit system and the Singapore industry. ” Changi International Airport. This significant milestone has already begun to show positive impacts on the economy of To entice more families and youths, we Singapore as a whole and Sentosa in particular. revitalised our beaches this year. Siloso Beach saw the opening of the $50 million Siloso The energy in the air has strengthened our Beach Resort in August 2006. This new resort resolve to maintain Sentosa’s position as a augments the selection of mid-tier SENTOSA ANNUAL REPORT 06/07 3 The spectacular Songs of the Sea has entertained The award-winning annual floral extravaganza, with sell-out shows since opening day. Sentosa Flowers, continues to thrill audiences from all over the world. accommodation on the island. To great buzz, Established shows such as our award-winning is well-poised to achieve its target of the $3 million privately-owned Café del Mar annual floral extravaganza, Sentosa Flowers, 15 million visitors by 2010. has become an overnight favourite for continue to thrill enthusiasts from all over the entertainment, music and dining. world. On the sports front, Sentosa also For the financial year ended 31 March 2007, scored well. Following the success of last the Group achieved a new record gross Upping the ante in family attractions, year’s Singapore Open golf tournament, revenue of $2 billion compared to $1 billion Sentosa’s most anticipated multi-sensory Barclays announced its commitment to a in FY2005. In terms of net surplus for the year, extravaganza – Songs of the Sea – opened five-year title sponsorship. This commitment the Group recorded $1.2 billion, as compared in March 2007. This $30 million high-tech effectively raised the prize money of Asia’s to $520 million in the previous year. laser, water and fire spectacular is set in richest national Open from US$2 million last a 2,500-seater, open-air amphitheatre year to US$3 million in 2006. Riding on the back of a stronger-than­ on Siloso Beach. Designed by internationally expected growth in the high-end residential acclaimed producer Yves Pépin, Songs of As the Sentosa metamorphosis continues, property market and strong marketing efforts, the Sea has struck the right notes with we are refining our vision for Sentosa against Sentosa Cove achieved record sales during audiences from all over the world with the backdrop of our revitalised neighbourhood. the year in review. Land sales revenue of sell-out shows since opening day. This Together with the Resorts World at Sentosa, $1.5 billion this year was 62% higher than nightly spectacular is set to become the VivoCity, St James Power Station and Mount the $941 million in the previous year. The major night-time family attraction Faber, Sentosa will form a vital part of this Group’s revenue was also boosted by the in Singapore. world-class live, work and play environment one-time extraordinary gain from the sale of in Singapore. a 49-hectare site for the development of Over at Palawan Beach, new appeal was Resorts World at Sentosa. Owing to the rare added with an $11 million makeover which As Singapore’s top tourist destination, nature of the various property transactions, was completed in June 2006. Palawan Beach Sentosa Island now captures almost 30% such revenue gains will not likely be seen now boasts a 300-seater amphitheatre with of Singapore’s total annual pie of tourist again for some time to come. an interactive animal showcase, a new visits. Annual guest arrivals have been on beachfront food court, retail outlets and public a steady increase, rising from 5.2 million in Property aside, our leisure business did very amenities, befitting its new position as FY2005 to a record 5.7 million this year. well this year as well, grossing a revenue of ‘Singapore’s happiest family beach’. With this consistent progression, Sentosa $86 million, an improvement of 26% 4 SENTOSA ANNUAL REPORT 06/07 Revenue and Surplus FY 04/05 $261 million $65 million FY 05/06 $1.013 billion $520 million FY 06/07 $2.009 billion $1.216 billion Group Revenue Net Surplus compared to $68 million in the last financial constantly refining our strategies and year. The increase was mainly due to stronger standards of service. performance from admissions, retail and food and beverage businesses. As we pass on the torch of leadership and responsibility, we look back gladly upon the With strong financial performance, the transformation which Sentosa has undergone Group’s total capital and reserves increased and the accomplishments we have achieved substantially by $1.2 billion to $2 billion as at since 2001. Together, we look forward as 31 March 2007. Sentosa embarks on the next era of its growth and are grateful for the dedication, confidence We celebrate our successes, mindful of a and support of our solid team of board highly competitive global climate ahead. With members, business partners, management other countries in the region emerging as and staff. They are the foundation of strength mega-resort destinations, we continue to from which we can embark on our next phase forge ahead playing up our advantages and of growth. DR. LOO CHOON YONG PHILIP NG DARRELL METZGER Chairman Chairman Chief Executive Officer (as of 1 March 2007) (March 2001 - February 2007) (February 2002 - April 2007) SENTOSA ANNUAL REPORT 06/07 5 BOARD MEMBERS CHAIRMAN CHAIRMAN CHIEF EXECUTIVE OFFICER (as of 1 March 2007) (March 2001 – February 2007) (February 2002 – April 2007) DR. LOO CHOON YONG PHILIP NG DARRELL METZGER Executive Chairman Chief Executive Officer Chief Executive Officer, Raffles Medical Group Ltd Far East Organization Destination Developments Ruwaad Holdings LLC MEMBERS JENNIE CHUA CHARLES ORMISTON RON SIM President & Chief Executive Officer Managing Partner Founder & Chief Executive Officer The Ascott Group Ltd Bain & Co S E Asia, Inc OSIM International Ltd WEE EE LIM LT-GEN(RET) BEY SOO KHIANG President & Chief Executive Officer Senior Executive Vice-President Haw Par Corporation Ltd (Operations & Services) Singapore Airlines Limited 6 SENTOSA ANNUAL REPORT 06/07 MEMBERS HIEW YOON KHONG SOO KOK LENG GRANT KELLEY Chief Executive Officer Chairman Chief Executive Officer Mapletree Investments Pte Ltd JTC Corporation Colony Capital Asia Limited ANDREW TAN LIM NEO CHIAN MANOJ MURJANI Deputy Secretary (International) Deputy Chairman & Chief Executive Officer Ministry of Foreign Affairs Chief Executive The Wellness Group Private Limited Singapore Tourism Board ERIC KHOO OLIVIER LIM Director Group Chief Financial Officer Zhaowei Films Pte Ltd CapitaLand Limited SENTOSA ANNUAL REPORT 06/07 7 LEISURE UNLIMITED With the completion of the $140 million Sentosa Express monorail system and several other key advancements during the year, Sentosa is fast becoming Singapore’s compelling leisure destination. 2006 marked a crucial year in the island’s renaissance, as we celebrated major milestones, refined our strategies, honed our skills and rededicated our commitment to the tasks at hand. Buoyed by the passion and fortitude of our people, and an unwavering resolve to provide best-in-class amenities and attractions with top-notch guest service, Sentosa is poised to set new benchmarks of excellence and redefine the resort business and tourism in the region and beyond.
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