澳博控股(00880) - 2023 - 年度业绩

Financial Performance - The company's gaming net revenue for 2023 was HKD 20,059 million, a significant increase of 229.3% compared to HKD 6,092 million in 2022[2] - Adjusted EBITDA for the group was HKD 1,727 million, recovering from a loss of HKD 3,095 million in 2022[2] - The loss attributable to the company's owners was HKD 2,010 million, an improvement from a loss of HKD 7,798 million in the previous year[2] - The group's total revenue for 2023 was HKD 22,768.5 million, compared to HKD 7,041.7 million in 2022, indicating a significant increase[25] - Total net revenue for 2023 reached HKD 21,623 million, a 223.7% increase from HKD 6,679 million in 2022[52] - The gaming business reported revenue of HKD 20,059.2 million in 2023, a significant increase from HKD 6,092.0 million in 2022[18] - The group’s interest income from the gaming business increased to HKD 61.4 million in 2023 from HKD 28.2 million in 2022[33] - The total interest expenses for the year were HKD 1,930.1 million, compared to HKD 1,122.6 million in 2022, representing an increase of about 72%[37] - The pre-tax loss for 2023 was reported at HKD 5,723.3 million, slightly higher than HKD 5,573.9 million in 2022, indicating an increase of about 2.7%[38] Gaming Operations - The company's market share in Macau's gross gaming revenue was 11.9%, including 14.8% of the mass table gaming revenue and 3.5% of the VIP gaming revenue[3] - The total gaming revenue for 2023 reached HKD 21,204.5 million, a significant increase from HKD 6,455.1 million in 2022, representing a growth of approximately 228%[36] - Non-convertible gaming revenue surged to HKD 17,874.4 million in 2023, compared to HKD 5,262.4 million in 2022, marking an increase of around 239%[36] - Electronic gaming revenue totaled HKD 10.987 billion, reflecting an 879.2% increase from HKD 1.122 billion[56] - The overall gaming win percentage for non-licensed gaming was 14.5%, up by 0.9 percentage points from the previous year[59] - Satellite gaming revenue reached HKD 8,647 million for the year ended December 31, 2023, an increase of HKD 4,859 million or 128.3% compared to HKD 3,788 million in 2022[60] Hotel and Hospitality Performance - The occupancy rate of the company's hotels increased by 50.4% to 82.6%, with average room rates rising by 44.3% to HKD 1,322[3] - The average room rate for the new hotel increased by 76.8% to HKD 1,121, with a significant rise in gaming revenue to HKD 54,390 million[3] - Hotel operations revenue increased to HKD 765.5 million in 2023, compared to HKD 141.6 million in 2022[19] - The hotel occupancy rate improved significantly to 82.6%, up by 50.4 percentage points from 32.2% in 2022[56] Financial Position and Assets - The company recorded cash, bank balances, and short-term bank deposits of HKD 4,550 million as of December 31, 2023, against total debts of HKD 28,150 million[3] - Non-current assets decreased from HKD 40,049.7 million in 2022 to HKD 38,353.9 million in 2023, a decline of approximately 4.2%[6] - Current assets increased from HKD 44,767.7 million in 2022 to HKD 45,305.9 million in 2023, an increase of about 1.2%[6] - Total liabilities increased from HKD 4,539.0 million in 2022 to HKD 5,275.5 million in 2023, representing an increase of approximately 16.3%[6] - The company's equity attributable to owners decreased from HKD 15,998.6 million in 2022 to HKD 13,935.6 million in 2023, a decline of about 13%[7] - Total equity decreased from HKD 16,013.4 million in 2022 to HKD 14,085.2 million in 2023, a decrease of approximately 12.0%[8] - The net asset value of the company decreased from HKD 48,108.7 million in 2022 to HKD 44,464.2 million in 2023, a decline of about 7.0%[6] Debt and Financing - The group completed refinancing of its syndicated loan facilities, with HKD 3,300 million remaining undrawn as of December 31, 2023[4] - The total outstanding bank loans as of December 31, 2023, amounted to HKD 15.236 billion, down from HKD 18.975 billion in the previous year[64] - The financing costs for the gaming business rose to HKD 1,816.1 million in 2023, compared to HKD 1,087.3 million in 2022[32] - The interest expenses from bank loans amounted to HKD 1,021.4 million in 2023, up from HKD 588.2 million in 2022, reflecting a rise of approximately 74%[37] Strategic Initiatives - The company signed a new gaming concession agreement with the Macau government, effective from January 1, 2023, for a period of 10 years[4] - The company is focused on expanding its operations in Macau, particularly in the entertainment and hospitality sectors, to drive future growth[9] - The company plans to continue focusing on the Macau market while considering expansion opportunities in Asia[51] - The company aims to maintain a strong financial position to achieve sustainable long-term growth[51] - The company plans to expand its market presence with the opening of Palazzo Versace in the second quarter of 2023[57] Regulatory and Compliance - The implementation of revised Hong Kong Financial Reporting Standards is expected to enhance the transparency of the company's financial disclosures[10] - The application of revised Hong Kong Financial Reporting Standards is not expected to have a significant impact on the group's financial position and performance[15] - The group has not yet applied the temporary exceptions related to the Pillar Two legislation, pending its enactment in relevant jurisdictions[14] - The group will disclose known or reasonably estimable information regarding the risks associated with the Pillar Two income tax upon its enactment[14] Audit and Governance - The group's consolidated financial statements for the year ended December 31, 2023, have been reviewed by the audit committee and verified by Deloitte[73] - The auditor's report for the financial statements of the years ended December 31, 2023, and 2022, contains no reservations or emphasis of matter[73] - The company has submitted its financial statements for the year ended December 31, 2022, to the Companies Registry in accordance with Hong Kong Companies Ordinance[73]