ANNUAL REPORT 2015 & © 2016 Genting International Management Limited
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GENTING BERHAD (7916-A) 2015 annual report ANNUAL REPORT 2015 Genting Berhad (7916-A) 24th Floor, Wisma Genting Jalan Sultan Ismail 50250 Kuala Lumpur, Malaysia T : +603 2178 2288 / 2333 2288 F : +603 2161 5304 www.genting.com Genting, the Genting logo and all Genting elements and related indicia TM & © 2016 Genting International Management Limited. All rights reserved. Puss In Boots © 2016 DreamWorks Animation L.L.C Battlestar Galactica TM Universal Studios & © 2016 Universal Cable Productions LLC. All rights reserved. UNIVERSAL STUDIOS, UNIVERSAL STUDIOS SINGAPORE, Universal Globe logo, and all Universal elements and related indicia TM & © Universal Studios. All Rights Reserved. Resorts World, the Resorts World logo and all Resorts World elements and related indicia TM & © Genting International Management Limited. All rights reserved. GENTING BERHAD (7916-A) GENTING BERHAD (7916-A) 2015 annual report ANNUAL REPORT 2015 Genting Berhad (7916-A) 24th Floor, Wisma Genting Jalan Sultan Ismail 50250 Kuala Lumpur, Malaysia T : +603 2178 2288 / 2333 2288 F : +603 2161 5304 www.genting.com Genting, the Genting logo and all Genting elements and related indicia TM & © 2016 Genting International Management Limited. All rights reserved. Puss In Boots © 2016 DreamWorks Animation L.L.C Battlestar Galactica TM Universal Studios & © 2016 Universal Cable Productions LLC. All rights reserved. UNIVERSAL STUDIOS, UNIVERSAL STUDIOS SINGAPORE, Universal Globe logo, and all Universal elements and related indicia TM & © Universal Studios. All Rights Reserved. Resorts World, the Resorts World logo and all Resorts World elements and related indicia TM & © Genting International Management Limited. All rights reserved. GENTING BERHAD (7916-A) 61 GENTING BERHAD ANNUAL REPORT 2015 CELEBRATING 50 YEARS OF EXCELLENCE and Forging Ahead 2014 • Resorts World Genting launched Horizon 50, showcasing Genting’s history 2001 2006 2012 and its latest developments 2010 • Completion of First • First World Hotel was • Opening of S.E.A. • Opening of Trick Eye Museum World Hotel (Tower 1), declared by Guinness • Opening of Resorts Aquarium and in Resorts World Sentosa, 1992 First World Plaza & World Records as the World Sentosa, Adventure Cove Singapore 1978 First World Indoor “World’s Largest Hotel” Singapore, the first Waterpark in Resorts • Opening of Theme Park and with 6,118 rooms integrated resort in World Sentosa, • Commissioning of Genting 1970 • Change of name Resort Hotel Genting International Singapore from Genting and Indoor Singapore Jambongan Oil Mill, Malaysia’s 1997 Convention Centre • Incorporation of Asiatic first zero waste discharge oil mill • Conversion of Highlands Theme Park Centre of Genome 2008 • Opening of Universal • Discovery of gas in Genting Highlands Hotel Berhad to • Official opening of Technology Sdn Bhd Kasuri Production Genting Berhad • Opening of Studios Singapore® in • Genting Plantations formed a Hotel (Sdn) Bhd to 1975 Genting Skyway cable (“ACGT”) to develop • Asiatic ventured into Sharing Contract (“Genting”) Genting Sanyen Resorts World Sentosa collaboration with US-based a public company, car system, providing genomics-based Central Kalimantan in West Papua, paper mill Elevance Renewable Sciences Genting Highlands • Completion of 1981 1994 a 3.38-km leisure solutions to revolutionise and expanded Indonesia complex • Groundbreaking Inc to establish Malaysia’s first Hotel Berhad Awana Skyway 1986 transport to the hilltop 2003 crop productivity its landbank in metathesis plant • Opening of ceremony for Resorts which links Awana • Opening of Chin West Kalimantan, • Disposal of Kuala the 18-storey Swee Caves World Casino New York 1968 Genting Highlands • Genting Overseas • Opening of Highlands • Tan Sri Lim Goh Tong • Genting International Indonesia Langat power plant • Genting Oil & Gas via Genting Hotel 1984 Temple City, USA Golf & Country Limited changed Hotel (now known as handed over the was awarded Sentosa Genting CDX Singapore Resort (now (now known as its name to Maxims) chairmanship of the Integrated Resort project • Incorporation of • Incorporation • ACGT completed • Groundbreaking acquired 57% working interest known as Awana Genting Grand), Genting • Opening of Genting Group of by the Government of Genting Highlands of Genting the first draft ceremony for Johor in the Petroleum Contract at hotel) to Genting the flagship hotel International Genting Outdoor • Opening of Awana companies to Singapore Hotel (Sdn) Bhd Overseas Limited assembly of the Premium Outlets® in Chengdaoxi Block, China Highlands Resort of the resort Limited Theme Park Tan Sri Lim Kok Thay Porto Malai, Malaysia oil palm genome Malaysia (now known as • Acquisition of Stanley Resorts World Leisure Plc (since renamed Langkawi) Genting UK Plc) 2011 2015 1993 • Opening of Maritime 2007 2009 Experiential Museum in 2013 1977 1999 Resorts World Sentosa, • Opening of Genting Hotel • Completion of 2002 2005 1985 • Groundbreaking • Change of name of Singapore • Groundbreaking Jurong, Singapore Awana Tower ceremony for the following listed • Incorporation • Opening of • Official launch of • Completion of ceremony for Banten Resorts World subsidiaries of Genting 1971 of Asiatic • Official opening of Goh Tong First World Complex First World Hotel • Opening of Resorts power plant in Java, • Groundbreaking ceremony 1980 • Genting Sentosa Berhad as part of the Development Awana Genting Jaya township (Tower 2) World Casino New Indonesia for Resorts World Jeju, • Public listing of Sdn Bhd Highlands Golf & International Limited corporate rebranding South Korea • Asiatic became • Resignation of Tan York City, a premier Genting Highlands (“Asiatic”) Country Resort was redesignated • Disposal of exercise: • Groundbreaking 1969 a wholly-owned Sri Lim Goh Tong as • Public listing entertainment hub and Hotel Berhad 1989 as Genting Genting Sanyen - Resorts World Bhd ceremony for Resorts • Groundbreaking ceremony subsidiary of Chief Executive and of Genting the leading gaming 1965 • Laying of the in Malaysia International PLC 1996 paper mill to Genting Malaysia World Birmingham, UK’s for Resorts World Las Vegas Genting to • Conversion of the appointment of International PLC operator in the foundation complex Berhad first integrated destination spearhead the Resorts World Tan Sri Lim Kok Thay in Singapore Northeast US market • Incorporation stone for the • Opening of the • Opening of the • Kuala Langat power - Asiatic Development leisure complex • Opening of First World Hotel Group’s plantation Sdn Bhd to a public Batang Kali-Genting as President and of Genting first hotel, first hotel, Highlands plant commenced Berhad to Genting • Opening of Johor (Tower 3) activities company and Highlands access Chief Executive of • Asiatic’s Highlands Highlands Hotel Hotel (now known as operations Plantations Berhad ® • Opening of Genting Club subsequent public Genting Berhad and maiden venture Premium Outlets , Berhad Theme Park Hotel) road - Genting International at Resorts World Genting • First World Hotel regained its • Incorporation of listing of Resorts Resorts World Bhd into oil palm the first Premium • Opening of the • Genting Oil & Gas PLC to Genting ® title as the “World’s Largest Resorts World World Bhd in plantations in Outlet Center in • Construction access road formed joint venture Singapore PLC • Opening of Resorts World Hotel” with 7,351 rooms, Sdn Bhd 1982 Malaysia West Kalimantan, Southeast Asia of access road from Genting to explore for gas Indonesia Bimini in the Bahamas as recognised by Guinness from Genting Sempah to the in Indonesia • Rebranding of Genting World Records • Conversion of • Restructuring of • Jangi Wind Farm Sempah to the peak of Ulu Kali – City of Entertainment • Launch of the Asiatic to a public the Resort Division • Genting Power in Gujarat, India peak of Ulu mountain • Opening of Awana to Resorts World multi-billion ringgit • Opening of Resorts company and under Resorts World ventured into commenced operations Kali mountain Kijal Golf, Beach Genting Genting Integrated World Birmingham, UK subsequent public Bhd, involving the China by and Spa Resort, Tourism Plan including listing of Asiatic transfer of Genting’s acquiring power Malaysia the world’s first Twentieth • Celebrating the 50th Development gaming, hotel plants in Fujian (now known as Century Fox World anniversary of the Berhad in Malaysia and resort-related and Jiangsu Resorts World Kijal) outdoor theme park in Genting Group operations inclusive provinces Resorts World Genting, of goodwill and other Malaysia relevant assets to Resorts World Bhd Enjoy the best in food, environment, live music and a host of attractions at Resorts World properties. 50 years of excellence at Genting and more. Join us and be part of the excitement as we forge ahead to greater times. Check out the latest offers and attractions at www.resortsworld.com about GENTING BERHAD OUR VISION We are a leading multinational corporation committed to enhancing shareholder value and maintaining long-term sustainable growth in our core businesses. OUR MISSION We will: ∙ Be responsive to the changing demands of our customers and excel in providing quality products and services. ∙ Be committed to innovation and the adoption of new technology to achieve competitive advantage. ∙ Generate a fair return to our shareholders. ∙ Pursue personnel policies which recognise and reward performance and contributions of employees and provide proper training, development and opportunities for career advancement. ∙ Be a responsible corporate citizen,