GROUP PERFORMANCE

The Star Entertainment Group continued to deliver good results and enhance shareholder value while progressing on strategic priorities throughout the 2016 financial year.

THE STAR SYDNEY

The Star achieved considerable success in the 2016 financial year, continuing the momentum from the prior year. Our guests continue to show appreciation for past investments at The Star, with increased visitation and spend helping to deliver normalised earnings growth of 17.4% to $381.8 million EBITDA.

The Star is one of Sydney’s most awarded entertainment and tourism destinations and welcomes approximately 11 million guests per year. In the 2016 financial year, The Star was the recipient of 26 awards. Momofuku Seiōbo and Sokyo were again named when the Australian Financial Review published its list of Australia’s Top Restaurants for 2016. The Star Event Centre received four awards throughout the year including ‘Specialty Event Venue of the Year’ at the prestigious Meetings and Events Australia Awards for the second consecutive year. The Star was also proud to be nominated for 15 awards in NSW at the 2016 Tourism Accommodation Australia Awards for Excellence.

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  • 26
    AWARDS
    RECEIVED BY
    THE STAR SYDNEY
  • 17.4%
    INCREASE IN
    NORMALISED
    EBITDA
  • 9.1%
    INCREASE IN
    DOMESTIC TABLE
    GAMES REVENUE
#

The Darling Hotel at The Star Sydney


QUEENSLAND PROPERTIES

The Group’s Queensland properties delivered a good performance over the 2016 financial year, with continuing growth at Treasury Brisbane balancing the disruption caused by significant investment for the transformation of Jupiters Hotel & Casino.

Our Queensland properties collectively received 24 awards in the 2016 financial year. Highlights included Treasury Brisbane’s restaurants Fat Noodle, The Lab Restaurant and Bar, and Kitchen at Treasury receiving award nominations in the 2016 Restaurant & Catering Awards. Kiyomi at the Gold Coast received ‘Best Prestige Restaurant’ at the Queensland Hotels Association Awards for Excellence and ‘Australia’s Best New Restaurant’ at the 2015 Savour Australia Restaurant & Catering National Awards for Excellence.

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  • 24
    AWARDS COLLECTIVELY
    RECEIVED BY OUR
    QUEENSLAND
    PROPERTIES
  • 7.5%
    INCREASE IN
    NORMALISED
    EBITDA
  • 5.2%
    INCREASE IN
    DOMESTIC TABLE
    GAMES REVENUE
#

Treasury Casino & Hotel Brisbane


THE STAR ENTERTAINMENT GROUP THREE YEAR STATUTORY FINANCIAL RESULTS SUMMARY

REPORTED RESULTS FY2014 FY2015 FY2016
$m
$m
%change
$m
%change
STATUTORY REVENUE 1,805.7
2,140.3
18.5
2,268.1
6.0
EBITDA 387.1
450.8
16.5
488.8
8.4
EBIT 241.5
287.1
18.9
325.0
13.2
NPAT 106.3
169.3
59.3
194.4
14.9
SIGNIFICANT ITEMS (AFTER TAX) 15.5
2.7
82.8
0.0
100.0
NPAT BEFORE SIGNIFICANT ITEMS 121.8
172.0
41.0
194.4
13.0
EARNINGS PER SHARE 12.9 cents
20.5 cents
58.9
23.6 cents
14.9
FULL YEAR DIVIDEND
(FULLY FRANKED)
8.0 cents
11.0 cents
37.5
13.0 cents
18.2

(For further information please refer to the Financial Report contained in the Annual Report for the relevant financial year.)

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