2 3 6 10 30 54 56 58 60 61 63 65 93 96
1,970,000,000 1,970,000,000 1,770,000,000198,800,00011.3% 204,400,000 204,400,000 73,800,000 0.124 0.124 0.046 EBITDA 446,400,000 EBITDA446,400,000 337,600,000108,800,000 32.2% 2
19.8% 35.7% 71% 25%4% 2.5% 8.5% 60%26% 4% 3
Studio City Studio City Studio CityStudio City Studio City Hard Rock CafeHard Rock Cafe Taboo (Franco Dragone) 4
580,000,000 320,000,000 5
33,400,000,000 42% 6
420,000 4401,400 Hard Rock300800 2070 26,210 2,000 7
173,000180 38200 3,00021,5002,100 Studio City Studio City36 Studio City Studio City Studio City130,7891,400,000 Studio City 8
Studio City707,0787,600,000 Studio City1,900,000,000 Studio City Studio City Studio City Studio City 25 9
1,970,000,000 1,770,000,00011.3% 204,400,000 73,800,000 $ 1,965,370 $ 1,766,542 (1,719,593) (1,602,740) 245,777 163,802 $ 204,353 $ 73,808 10
Studio CitySCI60% 11
53.8%61.6% 22.6%6.2% 148,000,000154,100,000 55%57% 10010,600,000 12
8 1% 13,700,000 13
14
2.7%3.0% 24%28%5% 6% 15
1,770,000,000 198,800,0001,970,000,000 11.3% 1,900,000,000 96.5%68,500,000 1,690,000,000 95.8%74,200,000 1,900,000,000 1,690,000,000204,500,000 12.1%298,900,00028.7% 107,600,00018.9% 21,100,000,00025,900,000,000 4,900,000,00018.7% 16
2.91% 2.7%3.0%2.96% 289,500,000 287,300,0000.8% 17.4% 15%17%16.7% 38,300,000,00038,100,000,000 198,200,0000.5% 3.0%2.7%3.0% 2.69% 1,687,800,000 1,397,500,000290,300,00020.8% 28.9%25.0%30.0% 23.1% 320 2863411.9% 18722942 18.3% 500 2,100 1,600 57,500,000 49,300,0008,100,000 16.5% 17
22197%214 19897%192 18590%167 17089%151 32,700,000 43,000,000 29,300,000 41,200,000 5,200,000 1,720,000,000 1,600,000,000116,900,000 7.3% MCEStudio City 60% 1,270,000,000 87,900,0001,360,000,000 6.9%65,400,000 22,500,000 18
9,000,00015.9% 7,600,000 45,100,00045,700,000 104,300,0004,300,000 108,600,0004.1% 3,300,000 1,300,000 SCI 60% Studio City Taboo 28,600,000 9,800,00028,300,000 Studio City 128,100,000 4,000,000132,100,000 3.1% 19
3,600,000 1,000,000 5,300,000 900,000 51,400,000 4,500,00054,900,000 3,500,000 SCI 60%Studio City 4,500,000 6,300,000 2,400,000 8,900,000 20
7,000,000 6,300,000700,000 8,700,0008,200,000 500,000 25,200,000 4,300,000 0.5% 0.1% 12% 41,600,00025,300,000 7,400,000 Studio City 21
204,400,000 73,800,000 EBITDAEBITDA EBITDA 481,800,000372,900,000 EBITDA81,100,000 382,300,00018,600,000 114,100,000237,400,00021,400,000 EBITDA446,400,000337,600,000 EBITDA EBITDA EBITDA EBITDAEBITDA EBITDAEBITDA EBITDAEBITDA EBITDAEBITDA 22
1,472,700,000361,100,0001,470,000,000 188,600,000 2,300,000,000361,100,000 $ 394,770 $ 320,820 (186,308) (295,717) 105,453 559,651 787 174 314,702 584,928 1,158,024 441,923 $ 1,472,726 $ 1,026,851 23
394,800,000 320,800,000 186,300,000 295,700,000 198,500,000SCI60% 65,000,000 198,500,000 353,300,000 10,300,000 133,700,000 10,800,000 79,900,000 22,900,000 Studio City 59,400,000 Studio City35,400,0007,900,000 7,600,000 24
$ 3,687 $ 2,090 3,462 52,970 12,296 Studio City 41,326 260 67 $ 100,333 $ 15,825 Studio City 105,500,000 43,000,000SCI 60,000,000 559,700,000 706,600,000117,100,000 34,000,000 1,014,729 (1) 593,556 361,082 353,278 43,000 2,365,645 (1) 25
2.80% 43,000,000 11 8 Crown MCE Finance 42 8 Studio City 26
SCI60%Studio City 1,900,000,000 SCI 60%Studio City66,200,000 580,000,000 27
320,000,000 Studio City Studio City 115,200,000 13 35.5%37.1% BB(Moody s Investors Service)Ba3 11,336 11,071 822 7.2% 777 7.0% 2,369 20.9% 2,351 21.3% (1) 7,670 67.7% 7,532 68.0% (1) 475 4.2% 411 3.7% 11,336 100.0% 11,071 100.0% (1) Studio City 28
29
A.2.1 A.4.1 30
Crown James Douglas Packer William Todd Nisbet Rowen Bruce Craigie James Andrew Charles MacKenzie Robert Wason Mactier 31
13.51(B)(1) 1,050,0001,500,000 James Andrew Charles MacKenzie MacKenziePacific Brands Limited MacKenzieYancoal Australia Limited Yancoal Australia LimitedGloucester Coal Ltd MacKenzie Gloucester Coal Ltd 13.51B(1) 32
XV (a)xv78 (b) 352 (c) (a) (8) (1)(6) 1,118,458,086 67.494% Melco Leisure (2)(6) 2,980,682 0.180% James Douglas Packer (3)(6) Crown Crown Entertainment Group Holdings (4) Crown Asia Investments (5)(6) 1,118,458,086 67.494% 65,179 0.004% 65,179 0.004% William Todd Nisbet (7) 45,000 0.003% Rowen Bruce Craigie 15,800 0.001% James Andrew Charles MacKenzie 46,820 0.003% 49,379 0.003% 49,379 0.003% Robert Wason Mactier 49,379 0.003% 33
(1) 13,912,612 1.13%Lasting Legend Ltd.Better Joy Overseas Ltd.Mighty Dragon Developments Limited The L3G Capital Trust115,509,024 288,532,60618,587,4477,294,000 9.36%23.38%1.51%0.59% Great Respect Limited Great Respect Limited Great Respect Limited 298,982,188 24.23%19.50%Melco Leisure Melco Leisure 1,118,458,086 9,516,3686,535,686 (2) Melco Leisure1,118,458,086 (3) James Douglas PackerCrown48.09% CrownCrown Entertainment Group HoldingsCrown Entertainment Group HoldingsCrown Asia Investments James Douglas PackerCrown Asia Investments 1,118,458,086 (4) Crown Entertainment Group HoldingsCrown 1,118,458,086 (5) Crown Asia InvestmentsCrown Entertainment Group Holdings 1,118,458,086 (6) SPVMelco LeisureCrown Asia Investments50%SPV 2,004,3606,013,080SPV 1,657,115,300 100%2,006,980 6,020,9400.36% (7) 15,00045,000 (8) 1,657,115,300 34
(b) (1) (2) 6,535,686 0.394% 264,984 0.016% 305,646 0.018% 324,831 0.020% 324,831 0.020% Robert Wason Mactier 324,831 0.020% James Andrew Charles MacKenzie 241,698 0.015% (1) (2) 1,657,115,300 1,000,000 10% (1) (1) 1,000,000A10% 35
336 (1)(10) (12) 1,127,974,454 68.07% (2) 1,127,974,454 68.07% Melco Leisure (3)(10) 1,118,458,086 67.49% (4) 1,118,458,086 67.49% James Douglas Packer (5)(10) 1,118,458,086 67.49% Erica Louise Packer (6) 1,118,458,086 67.49% Crown Asia Investments (7)(10) 1,118,458,086 67.49% Crown Entertainment 1,118,458,086 67.49% Group Holdings (8) Crown (9) 1,118,458,086 67.49% Capital Research and Management Company (11) 100,332,102 6.05% 36
(1) 13,912,612 1.13%Lasting Legend Ltd.Better Joy Overseas Ltd.Mighty Dragon Developments Limited The L3G Capital Trust115,509,024288,532,606 18,587,4477,294,0009.36%23.38% 1.51%0.59% Great Respect Limited Great Respect Limited Great Respect Limited 298,982,18824.23% 19.50%Melco Leisure Melco Leisure1,118,458,086 9,516,3686,535,686 (2) (3) Melco Leisure 556,222,503 Crown Asia InvestmentsCrown Melco Leisure556,222,503SPV 2,004,3606,013,080Melco LeisureCrown Asia Investments (4) Melco Leisure(3)Melco Leisure1,118,458,086 (5) James Douglas PackerCrown48.09% Crown Crown Entertainment Group Holdings Crown Entertainment Group HoldingsCrown Asia Investments James Douglas PackerCrown Asia Investments 1,118,458,086 (6) Erica Louise PackerJames Douglas Packer James Douglas Packer (7) Crown Asia Investments556,222,503Melco LeisureCrown Asia Investments 556,222,503SPV2,004,3606,013,080 Melco LeisureCrown Asia Investments 37
(8) Crown Asia InvestmentsCrown Entertainment Group Holdings Crown Entertainment Group Holdings(7)Crown Asia Investments1,118,458,086 (9) Crown Entertainment Group HoldingsCrownCrown (7)Crown Asia Investments1,118,458,086 (10) SPVMelco LeisureCrown Asia Investments50%SPV2,004,360 6,013,080SPV 1,657,115,300 100% 2,006,9806,020,940 0.36% (11) Capital Research and Management Company American Funds (12) 1,657,115,300 38
4.28 1,037,751 3.04 3.26 1,129,125 3.75 3.98 616,266 7.57 3,009,831 (1) 14.09 1,901,136 (2)(3) 7,694,109 3.26 310,596 3.75 308,142 7.57 1,695,147 (1) 13.28 1,153,890 (2)(3) 3,467,775 (1) (2) 11,8595,931 (3) 33,43816,722 39
(2) (3) 1.09 1.09 724,692 724,692 1.09 1.09 724,692 724,692 1.09 1.09 724,692 724,692 1.09 1.09 724,698 724,698 1.43 1.43 188,763 188,763 1.43 1.43 188,763 188,763 1.43 1.43 188,763 188,763 1.43 1.43 188,769 188,769 2.52 2.52 482,115 482,115 2.52 2.52 482,115 482,115 2.52 2.52 482,268 482,268 4.70 4.43 158,133 (18) 158,133 4.70 4.43 158,133 (18) 158,133 4.70 4.43 158,133 (18) 158,133 5,100,330 474,399 5,574,729 40
(2) (3) 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 194,664 194,664 5.06 4.42 5,982 5,982 5.06 4.42 11,967 11,967 5.06 4.42 17,952 17,952 5.06 4.42 23,946 23,946 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 254,511 254,511 41
(2) (3) 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 194,664 194,664 Robert Wason Mactier 5.06 4.42 5,982 5,982 5.06 4.42 11,967 11,967 5.06 4.42 17,952 17,952 5.06 4.42 23,946 23,946 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 254,511 254,511 42
(2) (3) 5.06 4.42 5,982 5,982 5.06 4.42 11,967 11,967 5.06 4.42 17,952 17,952 5.06 4.42 23,946 23,946 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 4.01 4.01 14,157 14,157 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 254,511 254,511 James Andrew Charles MacKenzie 4.69 1.33 8,334 8,334 4.69 1.33 8,336 8,336 4.69 1.33 8,336 8,336 4.69 1.33 8,336 8,336 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 1.09 1.09 34,509 34,509 171,378 171,378 6,424,569 474,399 6,898,968 43
(2) (3) (4) 5.06 4.42 77,211 77,211 (5) 4.01 4.01 36,117 36,117 (6) 1.01 1.01 6,715,125 (256,470) (1,209,342) 5,249,313 (7) 1.01 1.01 789,474 789,474 (8) 1.43 1.43 773,043 (59,844) (52,851) (59,850) 600,498 (9) 1.43 1.43 674,478 (51,735) (46,278) (54,057) 522,408 (10) 1.43 1.43 140,400 140,400 (11) 1.25 1.25 156,624 156,624 (12) 1.25 1.25 304,290 (9,552) 14,976 (16) 309,714 1.28 1.28 1,033,944 (1,033,944) (13) 1.33 1.25 300,000 300,000 (14) 2.52 2.52 3,491,187 (87,681) (142,221) (220,506) 3,040,779 (15) 4.70 4.43 1,460,175 (18)(19) (15,834) (17,604) (20) 1,426,737 14,491,893 1,460,175 (1,505,508) (1,460,244) (337,041) 12,649,275 (17) 1.01 1.01 256,470 (250,926) (5,544) (17) 1.43 1.43 59,844 (43,884) (15,960) (17) 1.43 1.43 51,735 (44,724) (7,011) (17) 1.28 1.28 1,033,944 (344,646) (689,298) (17) 2.52 2.52 87,681 (8,544) (79,137) (17) 4.70 4.43 15,834 (15,834) (20) 1,505,508 (692,724) (807,240) (5,544) 20,916,462 1,934,574 (2,152,968) (1,144,281) (5,544) 19,548,243 44
(1) (2) (3) 4.33 (4) 77,2117,185 15,561 23,34031,125 (5) 36,1179,027 9,027 9,027 9,036 (6) 5,249,3132,404,179 2,845,134 (7) 789,474197,367 197,367 197,367 197,373 (8) 600,498131,145 115,203 177,027 177,123 (9) 522,408105,318 107,589 154,716 154,785 45
(10) 140,40035,100 35,100 35,100 35,100 (11) 156,624 (12) 309,714150,072 159,642 (13) 300,000150,000 150,000 (14) 3,040,779995,334 1,022,493 1,022,952 (15) 1,426,737475,488 475,596 475,653 (16) (17) (18) 4.65 (19) 11,859 (20) 33,438 46
(1) 4.01 62,292 (62,292) 1.09 241,566 241,566 2.52 241,056 (241,056) 2.52 241,056 241,056 2.52 241,137 241,137 4.43 79,065 79,065 4.43 79,065 79,065 4.43 79,068 79,068 1,027,107 237,198 (303,348) 960,957 4.01 3,114 (3,114) 1.09 11,505 11,505 2.52 15,849 (15,849) 2.52 15,849 15,849 2.52 15,858 15,858 4.43 22,590 22,590 4.43 22,590 22,590 4.43 22,590 22,590 62,175 67,770 (18,963) 110,982 47
(1) 4.01 3,114 (3,114) 1.09 11,505 11,505 2.52 15,849 (15,849) 2.52 15,849 15,849 2.52 15,858 15,858 4.43 9,036 9,036 4.43 9,036 9,036 4.43 9,036 9,036 62,175 27,108 (18,963) 70,320 4.01 3,114 (3,114) 1.09 11,505 11,505 2.52 15,849 (15,849) 2.52 15,849 15,849 2.52 15,858 15,858 4.43 9,036 9,036 4.43 9,036 9,036 4.43 9,036 9,036 62,175 27,108 (18,963) 70,320 48
(1) Robert Wason Mactier 4.01 3,114 (3,114) 1.09 11,505 11,505 2.52 15,849 (15,849) 2.52 15,849 15,849 2.52 15,858 15,858 4.43 9,036 9,036 4.43 9,036 9,036 4.43 9,036 9,036 62,175 27,108 (18,963) 70,320 4.01 3,114 (3,114) 1.09 11,505 11,505 2.52 15,849 (15,849) 2.52 15,849 15,849 2.52 15,858 15,858 4.43 9,036 9,036 4.43 9,036 9,036 4.43 9,036 9,036 62,175 27,108 (18,963) 70,320 49
(1) James Andrew Charles MacKenzie 1.33 1,835 (1,835) 1.09 11,505 11,505 2.52 15,849 (15,849) 2.52 15,849 15,849 2.52 15,858 15,858 4.43 9,036 9,036 4.43 9,036 9,036 4.43 9,036 9,036 60,896 27,108 (17,684) 70,320 1,398,878 440,508 (415,847) 1,423,539 4.01 56,919 (56,919) 4.32 11,583 (11,583) 1.55 64,410 (64,410) 1.25 78,315 78,315 1.25 76,059 (79,803) 3,744 (3) 1.25 76,083 3,744 (3) 79,827 1.28 172,323 (172,323) 1.28 172,326 (172,326) 1.25 75,000 75,000 1.25 75,000 75,000 2.52 581,799 (8,727) (573,072) 2.52 581,799 (15,414) (55,116) 511,269 2.52 582,009 (13,014) (57,552) 511,443 4.43 243,288 (4) (2,637) (2,934) (5) 237,717 4.43 243,366 (4) (2,640) (2,934) (5) 237,792 4.43 243,450 (4) (2,640) (2,937) (5) 237,873 2,603,625 730,104 (389,721) (785,787) (113,985) 2,044,236 50
(1) (2) 1.28 172,323 (172,323) (2) 1.28 172,326 (172,326) (2) 2.52 8,727 (8,727) (2) 2.52 15,414 (15,414) (2) 2.52 13,014 (13,014) (2) 4.43 2,637 (2,637) (5) (2) 4.43 2,640 (2,640) (5) (2) 4.43 2,640 (2,640) (5) 389,721 (389,721) 4,002,503 1,170,612 (1,201,634) (503,706) 3,467,775 (1) (2) (3) (4) 5,931 (5) 16,722 51
III (i) (ii)(iii) (iv)(v)(vi) 45 52
James Andrew Charles MacKenzie 2410 www.hkex.com.hkwww.melco-crown.com 53
5692 54
2410 55
$ 1,472,726 $ 1,158,024 361,082 3 311,101 306,500 790 1,846 6 6 15,545 15,258 32,595 23,882 2,193,845 1,505,516 4 2,626,501 2,655,429 570,886 599,505 4,220 4,220 81,915 81,915 128,127 72,858 364,807 84 24 36,414 42,738 5 1,021,577 942,968 $ 6,663,569 $ 6,269,980 6 $ 9,631 $ 12,023 7 642,449 588,719 1,788 1,240 8 719,919 1,450 1,137 $ 1,375,237 $ 603,119 56
8 $ 1,645,726 $ 2,325,980 29,174 27,900 68,259 70,028 93,994 55,301 13 0.01 7,300,000,000 1,657,115,300 1,653,101,00210 16,571 16,531 0.01 11,212,024 10,552,32810 (112) (106) 3,229,853 3,223,274 (1,031) (1,034) (78,157) (282,510) 3,167,124 2,956,155 284,055 231,497 3,451,179 3,187,652 $ 6,663,569 $ 6,269,980 $ 818,608 $ 902,397 $ 5,288,332 $ 5,666,861 57
$ 1,896,834 $ 1,692,361 57,468 49,323 32,696 29,329 43,027 41,179 2,030,025 1,812,192 (64,655) (45,650) 1,965,370 1,766,542 (1,361,698) (1,273,763) (7,586) (9,024) (14,365) (16,543) (30,764) (29,158) (108,631) (104,314) (3,300) (1,285) (568) (1,110) (28,619) (28,619) (28,318) (9,763) (132,128) (128,136) (3,616) (1,025) (1,719,593) (1,602,740) 245,777 163,802 5,314 864 (51,376) (54,860) (4,310) 363 (6,324) (8,220) (658) (461) 1,639 191 1,134 2,064 (25,193) $ (49,908) $ (89,925) 58
$ 195,869 $ 73,877 11 1,042 (69) 196,911 73,808 7,442 $ 204,353 $ 73,808 $ 0.124 $ 0.046 $ 0.123 $ 0.046 1,644,388,593 1,599,631,942 1,657,367,600 1,611,770,624 59
$ 196,911 $ 73,808 55 6 6,111 15 4,310 (67) 3 10,427 196,914 84,235 7,442 $ 204,356 $ 84,235 60
1,605,658,111 $ 16,056 (8,409,186) $ (84) $ 3,095,730 $ (11,345) $ (577,166) $ $ 2,523,191 73,808 73,808 6 6 6,111 6,111 4,310 4,310 12 3,856 3,856 10 310,575 3 (3) 10 931,746 10 (931,746) (10) 10 79,788 1 (1) 10 3,439,650 35 3,510 3,545 1,606,900,432 $ 16,069 (5,821,494) $ (58) $ 3,103,092 $ (918) $ (503,358) $ $ 2,614,827 61
1,653,101,002 $ 16,531 (10,552,328) $ (106) $ 3,223,274 $ (1,034) $ (282,510) $ 231,497 $ 3,187,652 204,353 (7,442) 196,911 60,000 60,000 55 55 15 15 (67) (67) 12 4,032 4,032 10 4,014,298 40 (4,014,298) (40) 10 1,201,634 12 (12) 10 2,152,968 22 2,559 2,581 1,657,115,300 $ 16,571 (11,212,024) $ (112) $ 3,229,853 $ (1,031) $ (78,157) $ 284,055 $ 3,451,179 62
$ 394,770 $ 320,820 (79,946) (22,864) (59,444) (1,893) (43,310) (7,582) (2,509) (1,180) 81 113 (198,491) (65,000) (186,308) (295,717) 60,000 43,000 706,556 2,710 4,199 (257) (34,028) (117,076) 105,453 559,651 787 174 314,702 584,928 1,158,024 441,923 $ 1,472,726 $ 1,026,851 63
$ (44,767) $ (53,673) $ (235) $ (189) $ 24,472 $ 1,777 $ 71,499 $ 64
1. MPEL 6883 Studio City 60% Crown LimitedCrown 65
2. (a) (b) 974,304912,664 66
2. (c) 1,644,388,593 1,599,631,942 12,979,007 12,138,682 1,657,367,600 1,611,770,624 2,191,230621,492 67
2. (d) 68
2. (e) 2,300,000,0003.75% 69
2. (f) 70
2. (f) 3. $ 406,515 $ 385,898 1,816 3,691 2,648 3,686 $ 410,979 $ 393,275 (99,878) (86,775) $ 311,101 $ 306,500 30 1428 90 71
3. $ 206,726 $ 220,141 130 54,540 41,571 3160 5,781 3,344 6190 7,191 2,573 90 36,863 38,871 $ 311,101 $ 306,500 4. $ 2,439,083 $ 2,439,117 418,158 403,577 150,803 147,084 214,158 179,089 4,280 4,273 $ 3,226,482 $ 3,173,140 (854,921) (730,313) $ 2,371,561 $ 2,442,827 254,940 212,602 $ 2,626,501 $ 2,655,429 5. Taipa Land $ 143,985 $ 141,543 376,122 376,122 Studio City Studio City 653,564 549,079 $ 1,173,671 $ 1,066,744 (152,094) (123,776) $ 1,021,577 $ 942,968 72
5. Studio City 6. 30 $ 8,121 $ 9,551 3160 422 755 6190 210 1,196 90 878 521 $ 9,631 $ 12,023 7. $ 33,537 $ 13,316 61,237 42,832 152,041 169,576 11,879 12,180 363 38,442 15,960 83,106 100,161 18,781 19,643 218,540 187,978 24,886 26,710 $ 642,449 $ 588,719 73
8. $ 1,014,729 $ 1,014,729 600,00010.25% (1) 593,556 593,166 361,082 364,807 353,278 353,278 43,000 43,000 $ 2,365,645 $ 2,325,980 (719,919) $ 1,645,726 $ 2,325,980 MCE Transportation LimitedMCE TransportationMCE Designs and Brands Limited 43,000 2.80%10 1,000 MCE Transportation (i)(ii)(iii) MCE Transportation 1,000 54,292 MCE Transportation 74
8. $ $ 13,269 10,841 30,750 30,750 390 353 6,794 1,852 5,073 1,143 $ 53,848 $ 47,367 (4,465) $ 49,383 $ 47,367 4.93%5.83% $ 2,757 848,370 262,555 262,748 379,166 (2) 610,049 $ 2,365,645 (1) 6,4446,834 (2) 6,444 75
9. 687,324651,630 359,468352,079 10. 12 310,575 4,014,298931,746 1,201,63479,788 2,152,9683,439,650 11,212,024 1,645,903,276 76
11. 41,62525,293 0.0250.016 $ 99 $ 103 497 516 187 106 $ 783 $ 725 $ (1) $ 5 4 $ 4 $ 4 $ (1,767) $ (577) (60) (82) (2) (1) $ (1,829) $ (660) $ (1,042) $ 69 77
11. 0.5% 0.1%12% 12. 20,916,462 $ 1.55 (2,152,968) $ 1.20 (1,110,843) $ 1.63 (5,544) $ 1.01 17,647,107 $ 1.59 7.01 $ 40,072 11,854,134 $ 1.43 6.68 $ 28,908 78
12. 1.015.06 11,854,134 $ 1.43 6.68 $ 28,908 3,005,1055,544 1.012.52 5,792,973 $ 1.91 7.69 $ 11,164 2,152,968 2,581 5,687 5,993 1.58 79
12. 4,002,503 $ 2.22 (1,201,634) 2.57 (486,984) 1.66 2,313,885 $ 2.16 3,087 3,996 1.69 10 10100,000,000 10%96,944,974 80
12. 10 $ 1,934,574 $ 4.70 (33,438) $ 4.70 1,901,136 $ 4.70 9.75 $ 81
12. 4.70 1,901,136 $ 4.70 9.75 $ 4,247 2.74 $ 1,170,612 4.43 (16,722) 4.43 1,153,890 $ 4.43 5,182 4,669 2.74 82
12. 67.82% 1.01% 5.1 $ 1,967 $ 2,557 1,228 1,299 399 438 $ 4,032 $ 3,856 13. (a) Studio City115,198 83
13. (b) 72174,954Studio City 4901,131 490 35,31623,561 116,0775% 22,08393,994 Studio City 12,227 (c) 68,635550,000,000Livrança 62,365500,000,000 18037,437300,000,000 35,000 MCE Transportation43,000 84
13. (d) 14. 14 Crown $ 215 $ 257 159 156 21 22 Lisboa Holdings Limited (1) 578 746 7 231 227 7 7 293 266 2 490 171 (2) 289 261 157 145 72 18 (1) 68 62 13 10 6 (3)(4) 1,477 1,243 35 160 (1) 737 993 85
14. 14 (1) (3) $ 1 $ 1 (3) 178 313 (1) 38 39 701 130 89 (3) 3 (3) 19 97 14 Crown 50 4 39 89 15 (1) (2) (3) (4) 14A.34 86
15. Studio City $ 176,473 $ 174,404 660,140 577,145 3,256,956 3,103,458 Studio City 927,108 713,637 1,642,892 1,701,336 $ 6,663,569 $ 6,269,980 $ 3,687 $ 2,090 3,462 52,970 12,296 Studio City 41,326 260 67 $ 100,333 $ 15,825 10% 87
15. $ 72,446 $ 66,142 469,368 576,952 1,401,033 1,108,276 Studio City 22,523 15,172 $ 1,965,370 $ 1,766,542 EBITDA (1) $ 18,646 $ 21,389 81,064 114,132 382,282 237,352 Studio City (202) EBITDA 481,790 372,873 (3,300) (1,285) (568) (1,110) (28,619) (28,619) (28,318) (9,763) (132,128) (128,136) (4,032) (3,856) (3,616) (1,025) (35,432) (35,277) (236,013) (209,071) 245,777 163,802 5,314 864 (51,376) (54,860) (4,310) 363 (6,324) (8,220) (658) (461) 1,639 191 1,134 2,064 (25,193) $ (49,908) $ (89,925) 88
15. $ 195,869 $ 73,877 1,042 (69) 196,911 73,808 7,442 $ 204,353 $ 73,808 (1) EBITDA EBITDA Studio City 16. 89
17. MCE MPEL Projects Limited MPEL Projects MPEL Projects (60) Philippine Economic Zone Authority Philippine Amusement and Gaming CorporationPAGCOR MPEL Projects MPEL Projects PAGCOR650,000 1,000,000MPEL Projects 90
18. $ 204,353 $ 73,808 16,615 612 (1,851) (390) 2,347 470 (1,013) (1,013) (104) (476) 3,549 (27,642) (6,812) $ 217,696 $ 44,757 91
18. $ 3,167,124 $ 2,956,155 77,758 61,143 2,318 1,706 6,935 3,386 (13,006) (11,155) 9,694 7,347 (6,610) (5,597) (29,328) (29,328) (12,032) (5,220) $ 3,202,853 $ 2,978,437 92
James Douglas Packer William Todd Nisbet Rowen Bruce Craigie James Andrew Charles MacKenzie Robert Wason Mactier James Andrew Charles MacKenzie Robert Wason Mactier Robert Wason Mactier 93
87 Mary Street George Town Grand Cayman KY1-9005 Cayman Islands 22 XI 60 36 Manuela António Lawyers and Notaries Walkers 94
www.melco-crown.com 6883 MPEL 8 240 183 171712 1716 Intertrust Corporate Services (Cayman) Limited 87 Mary Street George Town Grand Cayman KY1-9005 Cayman Islands 95
9,360,000,0001,200,000,000 EBITDA EBITDA MCE Transportation43,000,000 96
1,750,000,000 32 MCE CrownCrown Limited PBLConsolidated Media Holdings Limited 97
Crown Asia InvestmentsCrown Asia Investments Pty. Ltd.PBL Asia Investments LimitedCrown Crown Entertainment Group HoldingsCrown Entertainment Group Holdings Pty Ltd.Crown 2,300,000,000353,300,000 2,700,000,000353,300,000 SPV250,000,0002.4 98
MCE FinanceMCE Finance Limited MCE TransportationMCE Transportation Limited MCE Designs and Brands Limited Melco LeisureMelco Leisure and Entertainment Group Limited 10 99
New Cotai HoldingsNew Cotai Holdings, LLC Silver Point Capital, L.P.Oaktree Capital Management, L.P. PBLPublishing and Broadcasting Limited Consolidated Media Holdings Limited 2,300,000,0003.75 SCI Studio City International Holdings Limited Cyber One Agents Limited New Cotai Holdings New Cotai, LLC 60%40% 571 MCE Finance 600,000,00010.25 99.96% 10.25 0.01 SPVMelco Crown SPV LimitedMelco PBL SPV Limited Melco LeisureCrown Asia Investments 100
Studio CityNew Cotai, LLC MCE 101
102
103
2,000 104