澳博控股(00880) - 2021 - 年度财报

Financial Performance - The net gaming revenue for the year ended December 31, 2021, was HK$9,608 million, an increase from HK$7,304 million in 2020, representing a growth of approximately 31.5%[14] - Revenue from hotel, dining, retail, leasing, and other sources reached HK$592 million, up from HK$359 million in the previous year, indicating a growth of about 65%[14] - Adjusted EBITDA for the year was a loss of HK$1,581 million, an improvement from a loss of HK$2,089 million in 2020[14] - The loss attributable to equity holders of the company was HK$4,144 million, compared to a loss of HK$3,025 million in 2020, reflecting an increase in losses[14] - Basic and diluted loss per share was HK$72.9 cents, worsening from HK$53.3 cents in the previous year[14] - The total net revenue for the group increased by 34.2% to HK$10.076 billion in 2021 from HK$7.507 billion in 2020[23] - The overall gaming revenue for the group was HK$6,525 million, a 34.4% increase from HK$4,854 million in 2020[31] - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2021[54] - The company reported a net profit margin of 18%, up from 15% in the previous year[54] - Total assets increased by 12% to $1.5 billion, reflecting strong financial health[54] Gaming Operations - The company's subsidiary, 澳娛綜合, reported a gaming net revenue of HKD 9.608 billion in 2021, up from HKD 7.304 billion in 2020, representing a 31.5% increase[17] - The group’s mid-market gaming revenue for Q4 2021 was HKD 2.086 billion, compared to HKD 1.878 billion in Q4 2020, marking an increase of 11.0%[19] - The group’s VIP gaming revenue decreased by 61.7% to HKD 180 million in Q4 2021 compared to the previous year[19] - The mass gaming segment saw a revenue increase of 48.3%, reaching HKD 1,271 million compared to HKD 857 million in 2020[28] - The slot machine revenue increased by 71.5%, totaling HKD 188 million, up from HKD 109 million in 2020[28] - The mass table gaming win increased by 48.3%, amounting to HKD 1,271 million, compared to HKD 857 million in 2020[28] Capital Expenditure and Financial Position - The total capital expenditure for the new Lisboa project was approximately HKD 39 billion[37] - The group recorded cash and bank balances of HKD 3.348 billion as of December 31, 2021, against total debts of HKD 22.574 billion[17] - The total outstanding bank loans as of December 31, 2021, amounted to HKD 13.186 billion, down from HKD 18.787 billion as of December 31, 2020[41] - The group's debt-to-asset ratio was 41.3% as of December 31, 2021, compared to 26.9% as of December 31, 2020[42] - Capital expenditure commitments as of December 31, 2021, were HKD 479 million, significantly reduced from HKD 2.8 billion as of December 31, 2020[43] Strategic Developments - The new integrated resort, Grand Lisboa Palace, opened in phases starting July 30, 2021, featuring 1,892 hotel rooms and various entertainment facilities[11] - The company is preparing to participate in the bidding for new gaming licenses, with a maximum of six licenses expected to be issued for a term not exceeding ten years[10] - The company aims to enhance its service offerings by integrating Eastern and Western hospitality, reflecting its commitment to Macau's unique cultural blend[10] - The company has partnered with Versace and KARL LAGERFELD for the design of two hotel towers within the resort, showcasing its innovative spirit[12] - The company plans to open more hotel rooms and dining facilities in the upcoming year, further expanding its offerings[11] Stock Options and Shareholder Information - A total of 3,300,000 stock options were exercised during the year, generating proceeds of HKD 32,425,800 from the issuance of these shares[95] - As of December 31, 2021, 477,085,000 stock options were granted, with 299,765,000 options exercised, resulting in proceeds of HKD 2,023,951,490[95] - There are 149,013,000 unexercised stock options remaining, which could generate additional proceeds of HKD 1,892,125,410 if exercised[95] - The maximum number of shares that could be issued under the plan was capped at 10% of the issued share capital as of May 13, 2009, equating to 500,000,000 shares[93] - The total number of shares issued by the company was 5,681,444,293 as of December 31, 2021[144] Corporate Governance - The board consists of 12 members, with 50% being executive directors, 16.7% non-executive directors, and 33.3% independent non-executive directors[174] - The board diversity policy considers factors such as gender, age, race, culture, and professional experience to ensure a balanced skill set[175] - The roles of the chairman and CEO are clearly separated, with the chairman responsible for overall business development policies[179] - The company has established written guidelines for employee trading of company securities, ensuring compliance with standard codes[173] - The board has a strong independent element, with one-third of the directors being independent non-executive directors[174] Environmental and Social Responsibility - The company has implemented various environmental measures, including the installation of LED lighting and the transition to green energy buses by 2022[164] - The company has received LEED silver certification for the hotel portion of "上葡京," indicating commitment to sustainable building practices[164] - The group made donations totaling HKD 3.3 million during the year, a decrease from HKD 4.3 million in the previous year[86] Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12%[58] - New product launches are expected to contribute an additional 5% to overall revenue in the upcoming fiscal year[58] - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[58] - Ongoing research and development efforts are focused on enhancing gaming technology, with an investment of $50 million planned for the next two years[58] - The company is considering strategic acquisitions to bolster its portfolio, with a budget of $100 million allocated for potential deals[58]