澳博控股(00880) - 2023 Q1 - 季度业绩

Financial Performance - The group's gaming net revenue for Q1 2023 increased to HKD 3.705 billion, compared to HKD 2.350 billion in Q1 2022, representing a growth of 57.7%[2] - Adjusted EBITDA for Q1 2023 was HKD 31 million, a significant improvement from a loss of HKD 474 million in Q1 2022, marking a 106.5% increase[4] - The adjusted EBITDA margin for Q1 2023 was 0.8%, up from a negative 18.7% in Q1 2022, reflecting a 19.5 percentage point improvement[4] - Total net revenue for Q1 2023 was HKD 4.000 billion, compared to HKD 2.538 billion in Q1 2022, reflecting a growth of 57.6%[4] - Adjusted EBITDA for the group was HKD 83 million, a 120.2% increase from a loss of HKD 411 million year-over-year[12] Revenue Breakdown - VIP gaming gross revenue for Q1 2023 was HKD 201 million, down 41.6% from HKD 344 million in Q1 2022[5] - Mass gaming gross revenue increased to HKD 3.435 billion in Q1 2023, up 67.0% from HKD 2.058 billion in Q1 2022[7] - Slot machine gaming gross revenue rose to HKD 252 million, a substantial increase of 81.3% from HKD 139 million in Q1 2022[5] - VIP revenue decreased to HKD 85 million, down 64.6% from HKD 240 million year-over-year[9] - Mass market revenue increased to HKD 746 million, up 177.3% from HKD 269 million year-over-year[9] - Slot machine revenue reached HKD 97 million, a 131.0% increase from HKD 42 million year-over-year[9] - Total gaming revenue rose to HKD 928 million, reflecting a 68.4% increase from HKD 551 million year-over-year[9] - Non-gaming revenue from other self-promoted venues increased to HKD 941 million, up 167.3% from HKD 352 million year-over-year[10] Financial Position - The group recorded a cash and bank balance of HKD 4.776 billion as of March 31, 2023, with total debt amounting to HKD 28.518 billion[3] - The group completed refinancing of its syndicated loan facilities on June 20, 2022, which included HKD 9 billion in term loans and HKD 10 billion in revolving credit, with HKD 3.3 billion yet to be drawn as of March 31, 2023[3] Operational Highlights - Hotel occupancy rates improved significantly, with the Grand Lisboa at 83.7%, up 43.8 percentage points from 39.9% year-over-year[13] - Capital expenditures for the first quarter amounted to HKD 32 million, primarily for construction and equipment[14] - The group reported an unrealized fair value loss of HKD 18 million on equity securities investments during the first quarter[14] - The group plans to continue expanding its market presence and enhancing its product offerings in the coming quarters[15]