27 October 2015 ASX Market Announcements Australian Stock Exchange Exchange Centre Level 6 20 Bridge Street Sydney NSW 2000 Australia Dear Sir/Madam RE: SKYCITY ENTERTAINMENT GROUP LIMITED (SKC) SKYCITY appoints contractor for New Zealand International Convention Centre and Hobson St Hotel Please find attached our announcement relating to the above. Yours faithfully Peter Treacy Company Secretary For personal use only SKYCITY Entertainment Group Limited Federal House 86 Federal Street PO Box 6443 Wellesley Street Auckland New Zealand Telephone +64 (0)9 363 6141 Facsimile +64 (0)9 363 6140 www.skycitygroup.co.nz 27 October 2015 SKYCITY appoints contractor for New Zealand International Convention Centre and Hobson St Hotel SKYCITY has today announced the next major milestone in the development of the New Zealand International Convention Centre (NZICC) with the appointment of Fletcher Construction as the main contractor for the NZICC and Hobson St hotel projects. Please find attached a Media Release & Investor Presentation which provides further information and detail on the announcement. Nigel Morrison, Chief Executive Officer, and Rob Hamilton, Chief Financial Officer, of SKYCITY, intend to hold an analyst and investor teleconference call at 2pm NZT (12pm noon AEDT) today to discuss the key points of the announcement. There will also be a brief opportunity for questions during the call. You can participate in the call by dialling one of the following numbers: Location Number Location Number Location Number Australia 1800 801 825 Ireland 1800 720 105 Sweden 0207 968 70 Australia – +61 (0)2 8524 5042 Italy 800 875 577 Switzerland 0800 837 001 Sydney Belgium 0800 784 01 Japan 0120 271 900 Taiwan 0080 1615 189 Canada 1855 842 3490 Malaysia 1800 816 107 Taiwan – Taipei +886 2 7708 3282 China 4001 200 539 Netherlands 0800 0234 240 Thailand 001800 613 61433 France 0800 916 599 New Zealand 0800 452 905 United Kingdom 0800 015 9725 Germany 0800 1899 399 Norway 800 11 518 United Kingdom +44 (0)20 3078 7622 Hong Kong 800 905 927 Philippines 1800 1110 1347 United States 1855 298 3404 Hong Kong +852 5808 3202 Singapore 800 616 3222 US – New York +1 631 5142 526 India 000 800 100 8255 Singapore +65 6823 2299 Indonesia 00180 301 91840 South Korea 00798 6136 1434 After dialling in you will be greeted by the operator and asked for the CONFERENCE ID. Once this has been quoted, you will then be asked for your name, company and the country you are calling from. CONFERENCE ID: 3295132 For personal use only We would ask that you dial in to the conference 5 to 10 minutes before the call is scheduled to take place. The call will be closed off at 2pm NZT and we will not accept late entrants. If you wish to ask a question, please dial *1 to join the question queue (you may do this at any time during the call). If you wish to cancel your question and leave the queue, dial *2. A replay will be available approximately 2 hours after the conclusion of the conference call (ie. after 4pm NZ time / 2pm AEDT). To access the replay, dial a telephone access number (listed below) and enter the replay passcode followed by the “#” key. Replay Dial in Number (1800) 1800 008 585 Replay Dial in Numbers (Sydney) +61 2 9641 7900 Replay Dial in Numbers (Melbourne) +61 3 9226 0870 Replay Dial in Number (Int’l) See below for specific International Toll Free country access Location Number Location Number Belgium* 0800 11 797 Malaysia 1800 181 061 Canada 1866 4783 460 Netherlands 08000 232 153 China 4001 842 240 New Zealand 0800 444 310 Denmark 8088 1373 Philippines 1800 1110 1875 France 0800 904 160 Singapore 800 616 2127 Germany* 0800 181 3763 South Africa 0800 993 543 Hong Kong 800 966 697 South Korea 00798 612 1058 India 000 800 100 6647 Sweden* 020 792 274 Indonesia 0018 0306 12086 Switzerland* 0800 564 016 Ireland 1800 511 665 Taiwan 00801 232 352 Italy 800 784 706 UK 0800 169 7301 Japan 0066 3386 1031 USA 1866 846 0868 Replay Passcode 3295132 Replay Availability 7 Days Replay End 29/10/15 23:59 AEDT Date For more information on the content of this announcement please contact: Investors Media Ben Kay Kelly Armitage Investor Relations & Corporate Group Communications Manager Development Manager DDI: +64 9 363 6368 For personal use only DDI: +64 9 363 6067 Email: [email protected] E-mail: [email protected] 2 MEDIA RELEASE 27 October 2015 SKYCITY and Fletcher Construction form partnership to build New Zealand’s International Convention Centre and hotel $700m investment in Auckland tourism infrastructure Partnership: The new NZICC and Hobson Street hotel will be built together, resulting in a construction project worth $700m and creating at least 1000 construction jobs over 3 years. SKYCITY Entertainment Group and leading New Zealand construction contractor Fletcher Construction have announced a partnership to build the New Zealand International Convention Centre and a new 5-star hotel. In a major milestone towards the landmark development becoming a reality, SKYCITY Chief Executive Nigel Morrison announced SKYCITY has agreed the terms of a binding, $477m contract with Fletcher Construction Company Ltd to build and complete the design of the NZICC, the 5-star, 300-room Hobson Street hotel, the retail laneway linking Nelson and Hobson streets, and 1327 carparks under the NZICC. The parties are confident the work can begin by Christmas. For personal use only The construction projects will create at least 1000 jobs during their 38-month build, plus approximately 1140 positions across conventions, hospitality, retail, gaming and food and beverage once both the NZICC and the new hotel are operational.* Including all other associated costs, including land, fit-out, and contingencies, the projects represent a $700m total investment by SKYCITY in the Auckland economy. The NZICC is one of the most significant building projects in Auckland since the construction of the Sky Tower – also built by Fletcher Construction – 18 years ago. Fletcher Construction will build the 32,000 sqm convention centre and a new 300-room, 5-star luxury hotel simultaneously, providing a huge boost to the local construction market and kick-starting a five-year inner-city building boom estimated at putting $6 billion into the local economy.** Building boom for Auckland Transformation: The view from Nelson Street looking down the laneway to the Hobson Street hotel. The project will transform a derelict area of Auckland’s CBD into a lively precinct for locals and visitors alike, kicking off a major building boom for Auckland. SKYCITY and Fletcher Construction have entered into a binding commitment letter which records the agreed commercial and legal terms of the building works contracts for the NZICC and Hobson Street hotel. Formal signing of the two building works contracts is expected in November, once a small number of outstanding matters have been satisfied, including finalising insurance and specific requirements under the NZICC Agreement with the NZ Government. Fletcher Construction is New Zealand’s leading construction contractor. It is a division of Fletcher Building, one of New Zealand’s largest publicly-listed companies, which has been in operation since 1909. Mr Morrison says the agreement with Fletcher Construction was a huge step for both For personal use only SKYCITY and the NZICC project, and signified the beginning of a new phase in the planning of the tourism and infrastructure facility. “Today is a watershed moment for SKYCITY. This day has been years in the planning. I’m delighted to able to announce this construction partnership with Mark Adamson from Fletcher Building and his construction team, who share our bold and exciting vision for this project,’’ he says. Fletcher Building CEO Mark Adamson says he is excited at the opportunity to again work with SKYCITY on another landmark building for New Zealand. “This is an amazing building and a huge opportunity. Fletcher Construction has a long association with SKYCITY dating back to the Sky Tower 18 years ago, so I’m honoured that SKYCITY has chosen us to be a key part of bringing this project to life.’’ First look inside Auckland’s newest hotel Kiwi design: Architects say the 300-room hotel’s interior (above) will be uniquely New Zealand – while the building’s exterior (below) reflects the landscape it is grounded in. The architects and designers working on the NZICC have continued to refine the design of the building, to further anchor the building in its New Zealand context. They have released new images, including a first look inside the Hobson Street hotel. Andrew Barclay, Principal of Warren and Mahoney Architects and Design Director for the NZICC, says that as the Convention Centre is constructed, New Zealanders will see the building develop into a powerful expression of our country's identity. “Every aspect of the design, from an open transparent and welcoming facade, to fluid public spaces and the use of natural materials, has been carefully chosen to reflect the essence of New Zealand. When it opens this building will be an authentic New Zealand experience and a built embodiment of Kiwi hospitality for which New Zealand is famed,“ he says. For personal use only Construction to begin by the end of 2015 Connected: The Hobson Street hotel will be connected to both SKYCITY and the International Convention Centre. The building’s exterior is uniquely New Zealand. The agreement between SKYCITY and Fletcher Construction follows Auckland Council’s ratification of the streamlined design of the NZICC agreed to with the Crown in May this year. SKYCITY now has all the resource consents in place it requires to begin construction.