SkyCity Entertainment Group (SKC) presentation summary

Meeting overview

• Annual meeting held as a hybrid event, allowing both online and in-person participation for shareholders and bondholders.

• Shareholders could vote and ask questions online, while bondholders could only view presentations.

• Agenda included addresses from the Chair and CEO, formal proceedings, resolutions, and shareholder questions.

Board and governance

• Board consists of Julian Cook (Chair), Donna Cooper, David Attenborough, Chad Barton, Kate Hughes, and Glenn Davis.

• Resolutions included re-election of Kate Hughes and Glenn Davis, and auditor remuneration.

• Both Hughes and Davis are independent directors, appointed in September 2022, and serve on key committees.

Financial performance FY25

• Reported revenue was $825.2m, down 11.1% year-on-year; underlying revenue down 5.2%.

• Reported EBITDA was $216.1m, up 56.4%; underlying EBITDA was $233.7m, down 15.9%.

• Reported NPAT was $29.2m; underlying NPAT was $71.5m, down 42%.

• Net debt stood at $757m, with net debt/EBITDA at 3.1x.