Galaxy Entertainment Group Announces Q4 & Annual Results 2017

In the fourth quarter of 2017, the profit after adjustment was $ 40, $ 20 billion, actually 40 % higher than the previous quarter, 18 % higher than the first quarter of 2017, and the profit after adjustment is actually. Is $ 14 and $ 1 billion, 37 % higher than the eighth quarter.

In reflection of intensive progress in apania and the Philippines, the company has again announced a special dividend.

0, $ 41 per person, 58 % from April 2017

Hong Kong February 28, 2018 PR NEWSWIRE = Kyodo News JBN] Galaxy Entertainment Group (GEG, Group Company) (HKEX: 27 Securities Code) has recently ended 3 months and 12 for business that ended on December 31, 2017. The month was announced. (All the amount is displayed in Hong Kong dollars unless otherwise is provided)

Fourth quarter of 2017 and major achievements of absolute achievements

GEG: Record mass, VIP and operation performance improvements, recorded EBITDA after adjusting all year and 4Q-Features

• After adjusting in the fourth quarter of 2017, the EBITDA indicators increased 40 % yea r-o n-year, 18 % yea r-o n-year, and $ 4. 2 billion.
• The absolute annual sales of the group reached $ 62. 5 billion, an increase of 18 % yea r-o n-year.
• After adjusting Space}, the EBITDA EBITDA indicators increased 37 % yea r-o n-year to $ 14. 1 billion.
• Pure shareholder profits over the year are $ 10. 5 billion, up 67 % yea r-o n-year, and lumps are $ 500 million.
• After the absolute adjustment, the NPA was $ 11 billion, up 61 % yea r-o n-year.
• In the fourth quarter of 2017, the luck was adjusted for the adjustment EBITDA indicator about $ 52 Million.
• After coordinating in the fourth quarter of 2017, the EBITDA indicators increased 46 % from the same period of the previous year, 13 % from the previous fiscal year, to $ 4. 1 billion.

Galaxy Macau ™: After the highest adjustment ever in the ful l-year and the fourth quarter, EBITDA property

• After adjusting in the fourth quarter of 2017, the EBITDA indicators increased 42 % yea r-o n-year, up 24 % yea r-o n-year, to $ 3. 4 billion.
• The sales over the year increased by 17 % from the previous year to $ 44. 6 billion.
• After the absolute adjustment, EBITDA indicators increased 31 % yea r-o n-year to $ 11. 1 billion.
• Absolute net income based on Space} is $ 3 billion, up 6 % yea r-o n-year.
• The operating rate of five hotels in the fourth quarter of 2017 was literally 100 %.
• In the fourth quarter of 2017, the company played with Fortune, which was actually about $ 154 million after any adjustment.
• After coordinating in the fourth quarter of 2017, the EBITDA indicators increased 41 % from the previous year, 12 % from the previous quarterly, to $ 3. 2 billion.

Star World Macau: Don't pay attention to good performance and problems

• After adjusting in the fourth quarter of 2017, EBITDA indicators increased 18%yea r-o n-year, down 6%to $ 751 million.
• Absolute annual income increases 20 % yea r-o n-year to $ 14. 2 billion
• After the absolute base adjustment, EBITDA indicators increased 38 % yea r-o n-year to $ 3 billion.
• The hotel operating rate in the fourth quarter of 2017 was literally 100 %
• Since sports were not played in the fourth quarter of 2017, the EBITDA indicators decreased by about $ 16 million after adjustment.
• After adjusting in the fourth quarter of 2017, EBITDA indicators increased 44 % yea r-o n-year, up 14 % yea r-o n-year, to $ 857 million.

Broadway Macau ™: Original home resort actively supported by small and mediu m-sized businesses in Macau

• After adjusting in the fourth quarter of 2017, the EBITDA indicators were $ 7 million, contrasting $ 14 million in the fourth quarter of 2016.
• Sales over the year were $ 514 million for $ 676 million in 2016.
• After adjusting the year, the EBITDA indicators were $ 10 million for $ 30 million in 2016.
• The hotel operating rate in the fourth quarter of 2017 was literally 100 %
• In the fourth quarter of 2017, we basically played against Fortune, whose EBITDA indicators were basically about $ 4 million.
• The EBITDA indicators after normalization adjustment in the fourth quarter of 2017 were $ 3 million against $ 8 million in the fourth quarter of 2016.

Balance sheet: Continue to excellent capital and liquidity

• As of December 31, 2017, cash and fluid investments reached $ 41, $ 4 billion, reaching frequent currency law-31, $ 7 billion.
• As of December 31, 2017, the debt amount was $ 9. 7 billion, indicating a continuous initiative to manage profitability.
• 0, $ 26 to be promoted on April 28, 2017, $ 0, $ 33 to be promoted on October 27, 2017: Payed a special dividend for 2 years.
• Later, a special dividend was announced again in the amount of $ 0 and 41 for promotion paid within the limit of 58 %, such as April 27, 2018 or April 2017.

Updated development information: Macau, Hanshin, Japan and the Philippines are characterized by sustainable rise

Dr. Louis Che Wu, Chairman of GEG, states:

• The 3rd and 4th Sta r-We promote the third and fourth steps and continue to pay special consideration for no n-concentration, such as mouse, rest, family, and games.
• Yokot o-A plan to develop an integrated resort with a low population density, enhances Macau's hig h-energy entertainment resorts.
• Internationa l-Everyday explores skills in overseas markets and covers Japan.
• Investigate the Philippin e-Borakai Peninsula to build a premiu m-class beach resort that does not emphasize ecology.

"We are pleased to provide an update on our fourth quarter and full year 2017 performance. 2017 was a year of steady profit growth, driven by our relentless desire to deliver unforgettable experiences to our guests across all our resorts. Our focus on the development of our overall operations, particularly our mass and premium mass businesses, paid off, with full year Group revenues increasing 18% year-on-year to $62. 5 billion, and full year Adjusted EBITDA measures reaching record levels of $14. 1 billion, up 37% year-on-year.

In the fourth quarter of 2017, Adjusted EBITDA measures outperformed the market, reaching $4. 2 billion, up 40% year-on-year and 18% sequentially. This is the eighth quarter in which EBITDA has increased on an annual basis, despite new competitive discoveries.

On August 23, 2017, Macau experienced Typhoon Hato, the most destructive storm in the past 50 years, and GEG We are very proud that the Foundation and the Lui Che Woo Foundation have raised a total of M$60 million to support people and organizations in need of relief due to the typhoon. In addition, many GEG team members have devoted considerable time and effort to help society. Macau has shown its resilience: all residents worked together to restore the city.

In 2017, Macau showed its first annual gaming revenue growth in recent years. Total gaming revenue reached $258 billion, up 19% year-on-year. Total visitor numbers were 32. 6 million, up 5% from last year. More importantly, nightly attendance increased 10% from the previous year.

In 2017, the Group paid two special dividends of $0. 26 and $0. 33 per share. We then announced a special dividend of $0. 41 per share to be paid on or around April 27, 2018, an increase of 58% compared to April 2017. This confirms our willingness to return capital to our shareholders while maintaining an extremely strong and liquid balance to fund our development and international expansion plans.

Our balance remains one of the strongest in the world, with cash and liquid investments of US$41 billion and net funds of US$31. 7 billion. The combination of stable cash flows and strong balances gives us greater flexibility to raise funds for our development plans and international expansion. These include phases 3 and 4 of the COTAI project, Henkin (Japan), and Boracay in the Philippines.

For the year, the Macau government has established a new stereotype of economic reports. We welcome the high degree of reporting to ensure the huge penetration and awareness of the Macau game market. At the regional level of the central government's politicians, they promote the development of macro economy and the rise of Macau's popularity in the framework of the Belt and Path Initiative and the Giant Bay integrated projects.

I have no doubt about the medium- to lon g-term outlook on the formation of Macau, and this confidence is based on the current financial indicators of mainland China, and it is important to underestimate the tourist market in China and Asia. be. Apart from this, a fresh real estate property was invented in Macau in 2018, and the opening of the Hong Kong, Chekai Macau Bridge, is needed to start an increase in a shorter time.

We say that Macau is a universal hub between Coti GeG Company's 3rd and 4th seasons and as shown by the planned horizontal koto plan. We will continue to support the Macau government's theory. Apart from this, we fully support the Central government's Belt and the Way Initiative, which is planning a resort ensemble in Borakai, the Philippines.

I would like to thank all the faithful team members who can guarantee unusual levels of customer service and worl d-class "Asian minds" services every day.

Leipzig market

We, combined with geopolitical measures that occurred in the world for 2017, we are continuing the recovery of Macau, despite the intensifying competition, for example, Macau and at the regional level. I am paying attention. In 2017, the Gallop Group's sales increased 19 % yea r-o n-year to $ 250 billion. The total income in the IV-quarter of the 2017 was 70 and $ 3 billion, an increase of 20 % year-on-year, an increase of 8 % from the previous quarter.

Macau had 326 million visitors in 2017, 5 % more than last year. There were 22 million mainland customers from the state, up 9 % since 2016. In particular, the number of guests increased by 10 % from the previous year at a rapid pace. With the new capacity of the hotel, the number of guests has increased safely. We believe this direction is very positive, as it will waste more money for the first buyer for the first day. The average number of days staying in 2017 stayed on the average day.

In 2017, the infrastructure continued to develop. With the opening of the new Thai Publishing Terminal and the addition of railway routes to the hig h-speed railway network, visits to Macau have become easier. We hope that the opening of Hong Kong Machao Bridge will further improve Macau's appeal and access for both Chinese and foreign tourists.

In terms of regulation, the Macau government has established a new financial reporting standard to promote transparency. The revised smoking method was adopted in 2017, and the business operator had to raise the standards for smoking lounges on the main gaming floor by January 1, 2019, established a smoking lounge in the VIP room, improving the operating environment. Ta.

Group settlement

2017 regular year

In 2017, group sales increased 18 % yea r-o n-year to $ 62. 5 billion, and after adjustment, EBITDA increased 37 % yea r-o n-year to $ 14. 1 billion. The net income belonging to shareholders was $ 10. 5 billion. After the adjustment of Galaxy Macau ™, EBITDA increased 31 % yea r-o n-year to $ 11. 1 billion. After adjusting the Star World Macau, EBITDA was $ 3 billion, up 38 % yea r-o n-year. After adjusting Broadway Macau ™, EBITDA was $ 10 million and $ 30 million in 2016.

In 2017, GEG was unfortunate in the gaming business, and after adjustment, EBITDA decreased by about $ 37 million.

In 2017, the group gaming revenue increased by 17 % yea r-o n-year to $ 580 and billions, and the total profits for the public increase 15 % yea r-o n-year to $ 24 and $ 20 million, and the total profits of VIP activity games were 19 yea r-o n-year. It increased by % $ 31, $ 60 million.

2017 group gambling

Profit / Table drop / slot processing < Span> In 2017, the infrastructure continued to develop. With the opening of the new Thai Publishing Terminal and the addition of railway routes to the hig h-speed railway network, visits to Macau have become easier. We hope that the opening of Hong Kong Machao Bridge will further improve Macau's appeal and access for both Chinese and foreign tourists.