MGM CHINA HOLDINGS LIMITED ,176,050 13,557,440 2,024, ,092 19,200,721 14,480,532 EBITDA 4,837,180 4

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Transcription:

MGM CHINA HOLDINGS LIMITED 2282 2018 12 31 2018 12 31 12 31 2018 2017 17,176,050 13,557,440 2,024,671 923,092 19,200,721 14,480,532 EBITDA 4,837,180 4,587,435 1,434,993 2,624,201 1,068,499 2,320,185 28.1 61.1 28.0 60.9 15 2018 1 1 15 1

2013 2 28 35% 2018 12 31 0.034 1.292 2018 12 31 12.09% 2018 8 8 2018 9 10 0.064 2.432 2018 12 31 34.9% 2019 3 6 2

12 31 2018 2017 4 17,176,050 13,557,440 4 2,024,671 923,092 19,200,721 14,480,532 (9,198,431) (7,214,106) (653,828) (302,666) (3,505,758) (2,324,209) 5 (2,257,406) (1,216,305) (2,150,305) (799,045) (17,765,728) (11,856,331) 1,434,993 2,624,201 12,113 5,046 6 (667,876) (7,273) (6,336) 16,505 772,894 2,638,479 7 295,605 (318,294) 1,068,499 2,320,185 (3,474) 2,557 1,065,025 2,322,742 9 28.1 61.1 9 28.0 60.9 15 2018 1 1 15 3

12 31 2018 2017 27,221,918 3,027,253 1,781,527 26,093,051 158,153 285,053 1,121,541 1,190,947 128,656 167,297 62,816 31,819 30,474,611 30,795,420 159,696 135,776 10 322,637 179,827 112,058 142,249 69,406 69,406 2,060 437 3,992,107 5,283,387 4,657,964 5,811,082 35,132,575 36,606,502 4

12 31 2018 2017 3,800,000 3,800,000 5,145,779 4,712,356 8,945,779 8,512,356 11 18,093,205 11,794,219 12 17,492 19,608 18,065 267,259 7 317,147 18,128,762 12,398,233 11 780,000 6,045,000 12 6,856,506 9,319,489 387,778 301,511 22,531 28,920 11,219 993 8,058,034 15,695,913 26,186,796 28,094,146 35,132,575 36,606,502 5

1. 2010 7 2 2007 12 18 2018 2 132011 6 3 MGM Resorts International Holdings, Ltd. 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands 2. 2018 12 31 34.0012017 98.848 11 6

9 15 22 2 4 28 40 4 9 2014 2016 915 9 2018 1 19 39 9 2018 1 1 9 39 9 39 7

39 2018 1 1 12 9 39 9 9 2018 1 1 2018 1 1 2017 12 31 39 6,784,627 (75,448) 2018 1 1 9 6,709,179 8

15 15 15 15 4 2018 1 1 15 2017 12 31 2017 12 31 15 (1) 15,053,622 (1,496,182) 13,557,440 302,384 620,708 923,092 15,356,006 (875,474) 14,480,532 (2,091,779) 875,474 (1,216,305) (1) 15 9

3. 2018 2 13 EBITDA EBITDA 10

EBITDA 2018 2017 EBITDA 4,837,180 4,587,435 (76,639) (79,900) (484,033) (414,375) (1) (496,945) (624,583) (194,265) (45,331) (2,150,305) (799,045) 1,434,993 2,624,201 12,113 5,046 (667,876) (7,273) (6,336) 16,505 772,894 2,638,479 295,605 (318,294) 1,068,499 2,320,185 (1) 11

4. 12

2018 2017 9,682,345 8,566,563 10,905,514 8,138,837 2,233,048 1,406,587 22,820,907 18,111,987 (5,644,857) (4,554,547) 17,176,050 13,557,440 2018 2017 956,446 441,782 900,460 400,081 (1) 167,765 81,229 2,024,671 923,092 15 2018 1 1 15 (1) 9,6802017 12 31 3,460 13

(1) (2) (3) 15 2018 2017 2018 2017 2018 2017 1 1 3,989,175 1,050,642 99,837 90,144 1,614,340 889,541 12 31 1,694,055 3,989,175 131,636 99,837 1,607,727 1,614,340 (2,295,120) 2,938,533 31,799 9,693 (6,613) 724,799 14

5. 2018 2017 625,108 348,982 336,676 268,730 314,959 153,356 242,843 96,724 195,341 110,511 (1) 194,265 45,331 51,260 (42,076) 296,954 234,747 2,257,406 1,216,305 (1) 2018 12 31 1.885 6. 2018 2017 695,500 519,790 137,621 169,069 5,899 7,635 7,273 846,655 696,132 (178,779) (688,859) 667,876 7,273 15

7. 2018 2017 (19,224) (993) (1,313) (145) (1,005) (9) (21,542) (1,147) (317,147) 317,147 295,605 (318,294) 2016 9 7322/2016 2017 1 1 2020 3 31 12% 12% 2012 2016 12 31 2017 2017 12 31 2017 12 313.171 16

2018 2 27 2017 12 31 2019 12 31 9,900,0009,612,000 2020 1 1 2020 3 31 2,475,000 2,403,000 2018 3 15003/DIR/2018 2020 3 313.171 1,920 16.5% 20% 25% 2018 2017 6,794,618 4,883,428 101,556 88,154 6,896,174 4,971,582 2018 12 3111.736 2017 6.294 17

8. 2017 5 242016 12 310.160 6.080 2017 6 16 2017 8 32017 6 300.116 4.408 2017 9 8 2018 5 242017 12 310.097 3.686 2018 6 19 2018 8 82018 6 300.064 2.432 2018 9 10 2019 3 6 2018 12 31 0.034 1.292 9. 2018 2017 12 31 2018 2017 12 31 18

2018 2017 1,068,499 2,320,185 3,800,199 3,800,188 11,004 8,823 3,811,203 3,809,011 28.1 61.1 28.0 60.9 10. 2018 2017 419,066 238,577 (96,429) (58,750) 322,637 179,827 30 14 2017 1 1 2018 1 12.247 1.798 19

2018 2017 30 178,490 135,451 31 90 97,208 23,695 91 180 46,939 20,681 322,637 179,827 11. 2018 2017 3,120,000 6,045,000 3,120,000 11,940,500 12,820,000 19,060,000 17,985,500 (186,795) (146,281) 18,873,205 17,839,219 780,000 6,045,000 18,093,205 11,794,219 18,873,205 17,839,219 2012 10 22 42.9 113.1 20

2015 6 12 2019 4 29 120.9 2016 2 2 2017 2 15 2018 6 15 2018 6 22 (i) 113.1 78 120.9 156 (ii) 2019 4 29 2022 6 26 2022 3 31 2018 12 31 2018 12 31 7.80 1.375% 2.50% 2018 9 30 5% 2022 3 31 30% 2018 12 31 156 27.8 2022 3 2022 3 31 2018 12 31 2.50% 2017 2.50%2018 12 31 4.92% 2017 4.11% 21

2018 6 30 6.0 1.0 2018 9 305.5 1.02018 12 315.0 1.0 2019 3 31 4.5 1.0 2.5 1.0 2018 2017 12 31 2020 3 31 2020 3 31 46.8 46.8 46.8 2022 3 31 46.8 22

4.0 1.50 1212 4.0 3.5 3.00 2312 2018 12 31 4.28 12 1.5012 50% 12. 2018 2017 4 1,694,055 3,989,175 4 1,607,727 1,614,340 1,214,164 2,034,857 931,609 619,066 574,746 404,876 387,719 189,710 300,942 371,628 4 131,636 99,837 31,400 15,608 6,873,998 9,339,097 6,856,506 9,319,489 17,492 19,608 6,873,998 9,339,097 23

2018 2017 30 17,552 10,727 31 60 9,173 4,292 61 90 4,283 171 91 120 35 357 120 357 61 31,400 15,608 24

2018 1 25 100 982 2018 1 25 2019 1 1 125 77 2007 12 2018 12 31 34,404 806 291 35 585 8 1,600 25 2018 2 13 270 2018 12 31 27,696 1,218 236 1,362 12 2,870 25

2018 9 2019 3 26

2016 8 2018 12 31 14.0% 2,940 2014 2018 3,580 9.8% 2018 70.6% 13.8% 2,530 27

2018 10 24 2018 12 31 41 2018 2 13 2017 12 31 7.0% 2018 12 31 7.9% 28

2018 2 13 EBITDA EBITDA EBITDA EBITDA EBITDA EBITDA 29

EBITDA 2018 2017 12 31 12 31 2018 2017 EBITDA 3,983,223 4,587,435 853,957 EBITDA 4,837,180 4,587,435 (76,639) (79,900) (484,033) (414,375) (1) (496,945) (624,583) (194,265) (45,331) (2,150,305) (799,045) 12,113 5,046 (667,876) (7,273) (6,336) 16,505 295,605 (318,294) 1,068,499 2,320,185 (1) 30

2018 12 31 2017 12 31 2018 2017 12 31 12 31 2018 2017 13,488,705 14,480,532 12,502,405 13,557,440 986,300 923,092 (1) 5,712,016 4,673,645 1,038,371 19,200,721 14,480,532 15 2018 1 1 15 (1) 2018 2 13 2018 12 31 192. 007 32.6% 2018 2 13 31

12 31 2018 2017 280,358,952 269,102,995 (1) 8,415,507 8,566,563 3.00% 3.18% 210.5 162.1 39,303,702 40,200,290 (1) 7,004,478 8,138,837 17.8% 20.2% 83.7 82.5 34,555,278 31,025,807 (1) 1,504,785 1,406,587 4.4% 4.5% 4.0 3.8 (1) (4,422,365) (4,554,547) 96.8% 96.0% 1,941 2,022 12 2018 2017 (2) 291 427 806 923 32

12 31 2018 (3) 37,836,369 (1) 1,266,838 3.35% 173.6 19,997,067 (1) 3,901,036 19.5% 72.7 23,774,287 (1) 728,263 3.1% 1.9 (1) (1,222,492) 90.4% 1,290 12 31 2018 (2) 236 1,218 (1) 33

12 31 2018 2017 9,682,345 8,566,563 10,905,514 8,138,837 2,233,048 1,406,587 22,820,907 18,111,987 (5,644,857) (4,554,547) 17,176,050 13,557,440 (2) 2018 2017 12 31 (3) 2018 2 13 : 15 2018 1 1 15 2018 12 31 26.7% 171.761 34

35

2018 12 31 13.0% 96.823 2018 18.2% 3,181.953 2018 12 31 34.0% 109.055 47.5% 593.008 2018 2018 12 31 58.8% 22.330 88.0% 583.296 2018 2018 12 31 119.3% 20.247 2018 2 13 36

2018 2018 2 13 28 2018 2017 12 31 12 31 2018 2017 9,198,431 7,214,106 653,828 302,666 3,505,758 2,324,209 2,257,406 1,216,305 2,150,305 799,045 667,876 7,273 (295,605) 318,294 15 2018 1 1 15 37

2018 27.5% 91.984 2018 116.0% 6.538 2018 50.8% 35.058 2018 85.6% 22.574 2017 3.490 79.1% 2018 6.251 2017 2.844 23.9% 2018 3.522 2018 5,130 2017 4,210 9 2018 1 1 38

2017 4,530 328.6% 2018 1.943 1.885 2018 169.1% 21.503 2018 2 13 2018 2017 11 1 2018 1.505 8.467 1.757 2017 730 2018 6.679 2018 2 13 5.101 2017 12 31 3.171 7 39

2017 23.202 53.9% 2018 10.685 2018 2 13 2018 12 31 39.9 27.8 2018 2017 12 31 12 31 2018 2017 18,873,205 17,839,219 (3,992,107) (5,283,387) 14,881,098 12,555,832 8,945,779 8,512,356 23,826,877 21,068,188 62.5% 59.6% 40

2018 2017 12 31 12 31 2018 2017 2,159,044 7,157,880 (2,915,072) (6,773,410) (532,933) 1,348,971 (1,288,961) 1,733,441 5,283,387 3,547,130 (2,319) 2,816 3,992,107 5,283,387 2018 21.590 2017 71.579 2018 29.151 2017 67.734 2018 2017 27.861 65.597 2017 41

2018 5.329 2017 13.490 2018 38.255 6.118 2017 14.045 10.488 2018 12 31 12 31 2018 2017 144,442 642,581 2018 2017 12 31 2.991 3.026 6/2002 29 42

2018 2017 12 31 190.6 179.9 2018 2017 12 31 27.8 48.1 2012 10 22 42.9 113.1 2015 6 12 2019 4 29 120.9 2016 2 2 2017 2 15 2018 6 15 2018 6 22 (i) 113.1 78 120.9 156 (ii) 2019 4 292022 6 26 2022 3 31 43

2018 12 31 2018 12 31 7.80 1.375% 2.50% 2018 9 305% 2022 3 31 30% 2018 12 31 156 27.8 2022 3 2022 3 31 2018 12 31 2.50% 2017 2.50% 2018 12 31 4.92% 2017 4.11% 2018 6 30 6.0 1.0 2018 9 30 5.5 1.0 2018 12 31 5.0 1.0 2019 3 31 4.5 1.0 2.5 1.0 44

2018 2017 12 31 2020 3 31 2020 3 31 46.8 46.8 46.8 2022 3 31 46.8 4.0 1.50 12 12 4.0 3.5 3.00 23 12 2018 12 31 4.28 12 1.50 12 45

50% 46

2018 12 31 10,735 47

2011 2019 3 2018 12 31 2019 4 48

2018 12 31 5,780 2,682,200 2018 3 1,503,900 22.60 22.45 34,001 2018 6 1,098,300 20.75 20.55 22,769 2018 9 39,000 12.28 12.12 474 2018 12 41,000 13.90 13.90 572 2,682,200 57,816 2018 12 31 10.06 49

2018 12 31 14 10 2018 12 31 2012 2 16 2015 11 5 2018 12 31 50

2018 12 31 2010 7 2 51

71,833 2013 1 9 25 52

(Nevada Gaming Control Board) 53

2004 6 17 sociedade anónima MGM 10 1 54

2005 4 19 21 55

% James Joseph Murren 2019 3 6 James Joseph MURREN William Joseph HORNBUCKLE Grant R. BOWIE James Armin FREEMAN John M. MCMANUS Russell Francis BANHAM 56