SkyCity Entertainment Group Limited (NZX: SKC) Annual Result For The Year Ended 30 June 2021

Wednesday 25th August 2021

SkyCity’s result for the financial year ended 30 June 2021 was significantly impacted by the New Zealand International Convention Centre fire and COVID-19 pandemic (as was the case in the financial year ended 30 June 2020), with normalised EBITDA and NPAT for the Group for the period to 30 June 2021 negatively impacted.

Summary of full year to 30/6/21

Reported: Net Profit After Tax: $156.1m (-$79.3m) -33.7%, 20.6cps

Normalised: Net Profit After Tax: $90.3m (+$24.0m) +36.3%, 11.9cps

CONSOLIDATED OPERATING STATEMENT

Current Full Year Period NZ$: Up/Down %: Previous Corresponding Period NZ$

REPORTED REVENUE (excl GST) FROM CONTINUING OPERATIONS

$951.9m: down 15.4%: $1,125.0m

TOTAL REPORTED REVENUE (excl GST)

$951.9m: down 15.4%: $1,125.0m

REPORTED NET PROFIT FROM CONTINUING OPERATIONS

$156.1m: down 33.6%: $235.3m

TOTAL REPORTED NET PROFIT

$156.1m: down 33.7%: $235.4m

EARNINGS PER SHARE (REPORTED)

20.6cps: down from 35.4cps

NORMALISED REVENUE (incl GST)

$822.3m: up 5.5%: $779.5m

NORMALISED NET PROFIT

$90.3m: up 36.3%: $66.3m

EARNINGS PER SHARE (NORMALISED)

11.9cps: up from 10.0cps

FINAL DISTRIBUTION

Final dividend of 7.0cps

Record date: 17 September 2021, Payment date: 24 September 2021

Dividend Reinvestment Plan will not apply

Please see the links below for details

Cover Letter

Results Announcement

Investor Presentation

Source: SkyCity Entertainment Group Limited

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