新濠博亚娱乐20241106

2024年11月07日08：05 关键词关键词 earnings conference call third quarter twenty twenty four loyalty programstudios city RFID tables liquidity position dividend debtreduction share repurchases customer flow accessibility high value patrons management reshuffle investment market share cash onhand work attract more players golden week 全文摘要全文摘要 马嘉里资源娱乐有限公司的高管们在讨论中感谢了参与者的出席，并提醒大家讨论内容可能涉及联邦证券法的谨慎声明及非通用会计准则财务指标，详情可见公司收益公告。他们汇报了公司在澳门、菲律宾等地项目的进展，包括新设的尊贵会员俱乐部、贵宾玩家区和主题老虎机区域等，强调了提升客户体验、市场推广及长期债务减轻和股东回报的计划。面对挑战，公司展现了业绩增长和对未来的乐观态度，提及若业务状况允许，计划于2025年下半年恢复股息派发。 新濠博亚娱乐新濠博亚娱乐20241106_导读导读 2024年11月07日08：05 关键词关键词 earnings conference call third quarter twenty twenty four loyalty programstudios city RFID tables liquidity position dividend debtreduction share repurchases customer flow accessibility high value patrons management reshuffle investment market share cash onhand work attract more players golden week 全文摘要全文摘要 马嘉里资源娱乐有限公司的高管们在讨论中感谢了参与者的出席，并提醒大家讨论内容可能涉及联邦证券法的谨慎声明及非通用会计准则财务指标，详情可见公司收益公告。他们汇报了公司在澳门、菲律宾等地项目的进展，包括新设的尊贵会员俱乐部、贵宾玩家区和主题老虎机区域等，强调了提升客户体验、市场推广及长期债务减轻和股东回报的计划。面对挑战，公司展现了业绩增长和对未来的乐观态度，提及若业务状况允许，计划于2025年下半年恢复股息派发。高管团队还回答了投资者关于市场趋势、资本分配和增长潜力的问题，重申了优化资本结构、维持良好财务状况及通过创新吸引高端玩家的承诺。 章节速览章节速览 ● 00：：00 Malaca Resource and Entertainment Limited Q3 Earnings ConferenceThe company announced improvements in their loyalty programs and property enhancements aimed at attracting high-value patrons. Despite challenges in certain regions，performance in Macao improved，and overall liquidity remained strong. The company alsodiscussed their financial position，including cash on hand and debt reduction，and provided guidance for the upcoming quarter. ● 06：：45公司强月表现及未来分红展望公司强月表现及未来分红展望 公司对上个月表现表示满意，特别是节假日的强劲表现，以及对未来债务削减和分红恢复的预期。公司强调，尽管当前重点在于债务削减，但预计能在明年第二半恢复分红，具体时间视业务情况而定。同时，公司对旗下两个主要财产的强劲表现感到满意，认为这预示着未来良好的发展趋势。 ● 10：：50行业促销环境稳定且理性发展行业促销环境稳定且理性发展讨论了当前促销环境，指出虽然促销活动仍然保持一定程度的强度，但已过了高峰期，市场正趋于更加理性。公 司强调其重点在于保持健康的市场发展，避免过度的促销活动。同时，公司在新玩家推出时，正在重新评估促销策略，侧重于如何有效保持顶尖玩家，吸引中低端玩家，并合理分配营销预算以逐步减少促销活动的规模，而不增加总体的促销支出。 ● 13：：12公司资本分配策略讨论公司资本分配策略讨论 讨论了公司未来资本分配的策略，包括可能的股票回购和分红。提及公司过去在股价异常时进行了股票回购，表示未来会根据市场情况和资本的最佳部署来决定是回购股票还是发放股息。强调了公司会抓住机会进行资本回报，但没有明确的回购计划。 ● 15：：10奢侈品行业与中国消费者的新趋势奢侈品行业与中国消费者的新趋势 讨论了中国消费者行为的变化，强调了从购买奢侈品转向追求体验的倾向。此外，提及了中国内地顾客对澳门市场的积极影响，以及对行业未来发展的乐观预期，特别是在中国政府采取财政和货币政策刺激经济的情况下。最后，提供了关于资本支出(CAPEX)的年度预算指导，显示了公司对未来的财务规划。 ● 18：：24公司未来分红及业务增长潜力讨论公司未来分红及业务增长潜力讨论在对话中，一位投资者询问了公司关于分红计划及业务增长的潜力问题。关于分红，公司并未提及具体的触发条 件，但强调决策将基于全面评估，包括财务健康状况和未来业务展望。投资者指出，与2019年相比，当前公司收入远未达到同等水平，暗示公司仍具有巨大增长潜力。公司管理层确认了这一观点，表示正在努力提高服务质量，加强品牌，旨在重回2019年的业绩水平，并强调了2025年作为关键节点，希望这一年能够实现业绩的显著提升。最后，管理层还提到了在2025年争取恢复至2019年市场地位的目标，尽管面临新的竞争和资产扩张挑战。 ● 22：：57详细阐述促销计划和市场表现详细阐述促销计划和市场表现 讨论了公司针对吸引新玩家的促销计划以及在特定节假日市场表现。计划包括为优质玩家提供额外奖励，以增强其价值主张并促进玩家升级。同时，提到了在黄金周期间，玩家参与度和流量均有显著提升，显示出强劲的市场表现。此外，还对下一季度的业务指导和预期进行了概述，保持稳定增长的预期。 要点回顾要点回顾 What are the significant developments in the loyalty programand newareas launched by thecompany？？ The company launched a new event loyalty programin September，including the introduction of a premiummass customer basethrough the信号通过club. The loyalty programhas led to increased efficiency in player reinvestment and the opening of the newsignature premiumslot area known as the City of Dreams. Additionally，a new themed slot area called the Dragon Zone wasopened at Studios City. What enhancements and projects are planned for City of Dreams and Studios City？？ City of Dreams and Studios City have seen various enhancements，such as the installation of an LED screen at the main entranceand the conversion of all backard tables to RFID tables. Future projects include the completion of RFID table installation in City ofDreams within the first quarter of 2025，and the launch of the House of Dancing Water in the second quarter of 2025 in Manila.The company also plans to enhance accessibility and customer flow around City of Dreams，revamp the high limit gaming area atStudios City，and continue improving the customer experience. What was the performance of City of Dreams，，Macau，，and Studio City，，and howis it expected tocontinue？？ City of Dreams’ performance improved quarter to quarter despite added competition，while Macau and Studio City have facedchallenges due to the ongoing conflict in the region but have shown solid gains in GGR and EBITDA. It is expected that these trendswill continue as the company further leverages its initiatives to attract and retain high-quality patrons. What are the latest figures for cash and available liquidity？？ As of September 30，2024，the company had approximately $1.2 billion in consolidated cash on hand and over $3 billion inavailable liquidity. What were the bond and share purchases made by the company，，and howwere they funded？？The company purchasedbonds maturing in 2025 for $20.7 million and 27 million in AD shares for approximately $12 million，including previously disclosedstock exchange warrants. Both purchases were funded by cash on hand. Can the company provide guidance for non-operating line items for the upcoming fourth quart