Carnival Group International Holdings Limited 嘉 年 華 國 際 控 股 有 限 公 司 00996 (i) www.0996.com.hk 1
2
32 14.4% 2.6 26.8% 348,900 800,000 OK 126,000 350,000 3
40% 1,000Berjaya Leisure Berjaya Times Square 70% 30 72,500 507,000 26%221,000 122,000 4
32 14.4% 2.6 26.8% Boston Consulting Group TripAdvisor Winning the Next Billion Asian Travelers 40% 2013-2020 5
(i) OK (ii) (iii) 40% 6
900 30 7
20 13 Lehman Brothers Barclays Capital Prudential Securities Baker & McKenzie Linklaters Jasmine GeffnerCredit Agricole Commerzbank 20 BenoySanderson Group AECOM HZSWilson Associates WOWArchitects 8
48 80 40% 9
70% 25 Berjaya 10
348,900 800,000 60% (1) 72,500 507,000 100% 221,000 122,000 26% (1) 4% 140,000,000 60% 64% 11
348,900 800,000 OK 900 12.1% 6,160 866 17.7% 12
5,000 5 1,300 60% 64% 48 80 13
BenoySanderson GroupAECOM HZS Wilson Associates WOWArchitects SandersonGroup 60,000 4D 50 ProFun Management Group, Inc 63,000 200,000 200 538 14
1,270 89,000 130,5001,300 150 180 OK DMAX 15
100 1,000 25,700 180 2,800 14 126,000 350,000 89,000 254,000 8,000 16
301 6 72,500 507,000 438 58,000 100% 72,500 507,000 406,000 58,000 88,400 198,000 186,000 58,000 4,400 309,000 220,000 84,000 17
BEIJING BSD Beijing BSD 26% 221,000 122,000 20069 317723 221,000 49,000 49,000 16,000 51,000 41,000 11,000 E-Da Metropolis Enterprise Co., Ltd. 40% 40% Fanqiao Co., Ltd. 1,000 Skylark International Hotel Co., Ltd. 40% 18
1.52 380,000 65,000 50 185,000 19
Gucci YSL Burberry S.Ferragamo Armani TOD S/ HOGAN Valentino 130,00040% Fanqiao Co., Ltd. 600 5 1 E-Da Metropolis Enterprise Co., Ltd. 18,000 250,000 60% 40% 2% 14 20
Berjaya Leisure Berjaya Times Square 70% 30 40 30 14 Berjaya LeisureBerjaya Land Berjaya Land Berjaya Land Berjaya Corporation Berjaya Land Berjaya Corporation Berjaya Corporation Berjaya Times Square Berjaya 173 21
5% 90 20 22
13 Lehman Brothers Barclays Capital Prudential Securities Baker & McKenzie Linklaters Jasmine Geffner Credit Agricole Commerzbank 20 101 ING Kevin Ulgenalp16 Andrew Michael Dartnell24 Simon Poole Work State Benoy 23
32 14.4% 2.6 26.8% 4,000 3,000 2,000 1,000 2,103 1,902 2,641 2,957 2009-13 14.4% 3,262 3,500 3,000 2,500 2,000 1,500 1,000 500 2009-1326.8% 1,931 1,258 1,018 2,271 2,628 0 2009 2010 2011 2012 2013 0 2009 2010 2011 2012 2013 13.7% 17,175 26,95511.9% 24
80,000 60,000 40,000 20,000 34,090 13.7% 47,310 40,151 51,947 56,885 40,000 30,000 20,000 10,000 17,175 11.9% 24,565 21,810 19,109 26,955 0 2009 2010 2011 2012 2013 0 2009 2010 2011 2012 2013 48.3%53.7% (2013-2020 ) 900 25
Euromonitor 5,000 5 6,160 12.1% 866 17.7% 80 60 40 20 39.0 49.6 44.0 55.9 2009-13 12.1% 61.6 100 80 60 40 20 45.1 54.0 63.7 75.6 2009-13 17.7% 86.6 0 2009 2010 2011 2012 2013 0 2009 2010 2011 2012 2013 26
220 220 164 1. 37.0 120,000 1,000+ 2. 29.9 110,000 70,000 1,200 3. 17.7 150,000 5,000 4. RDM Fingen 17.0 180,000 60,000 42,000 2,800 5. 16.0 80,000 1,000 27
6. 13.5 70,000 45,000 500 7. 9.5 130,000 80,000 3,000 8. 8.6 136,000 92,000 1,200 9. 7.4 160,000 A 80,000 B 40,000 2,000 10. 7.3 170,000 80,000 2,000+ 28
Boston Consulting Group TripAdvisor Winning the Next Billion Asian Travelers 40% Euromonitor 5,900 19.5%7,440 27.0% 70 60 50 40 30 20 10 28.8 42.0 34.5 49.7 2009-13 19.4% 58.7 1,000 800 600 400 200 286 2009-13 27.0% 390 326 644 744 0 2009 2010 2011 2012 2013 0 2009 2010 2011 2012 2013 Euromonitor Euromonitor 29
1 16.6 2 8.9 3 4.2 4 2.9 5 2.5 23.6 58.7 Euromonitor 60 370800 52 127 1,170 10 8 6 4 0.0 2 3.7 2009-13 13.7% 1.8 0.3 1.6 1.0 3.5 3.4 3.9 4.3 2.6 2.9 4.7 5.1 0 2007 2008 2009 2010 2011 2012 2013 2008-13 25% 20% 15% 10% 5% 0% 5.0% 5.6% 5.8% 9.3% 9.4% 9.7% 14.5% 15.2% 16.0% 18.8% CEIC 41% 30
37%20% 6% 10% + 13% 41% 14% 17% CEIC 31% 5 8,000 100 80 60 40 20 62.0 77.7 65.8 63.9 83.9 10,000 8,000 6,000 4,000 2,000 5,383 6,421 7,166 7,583 7,987 0 2009 2010 2011 2012 2013 0 2009 2010 2011 2012 2013 31