Century Casinos : Investor Presentation (Investor Presentation Q4 2024 Mar13)

Published: 2025-03-13 06:56:05 ET CNTY

Results through Q4 2024

INVESTOR

PRESENTATION

Peter Hoetzinger, Co CEO & President

KEY INVESTMENT HIGHLIGHTS

Growth Drivers

1. Slot/electronic gaming machines and gaming tables as of December 31, 2024. The Company operates six casinos in Poland.

2. Including unexercised stock options.

2

NORTH AMERICAN PROPERTY FOOTPRINT

11 Properties

In the USA (Nevada, Colorado, Missouri, West Virginia and Maryland) and Canada (Alberta).

2,153 Hotel Rooms

Across eight casino hotel/resort properties.

7,143 Slot Machines & 146 Table Games

Offering popular and exciting slot machines and the latest in gaming experiences.

Exciting Amenities

28 restaurants, two golf courses, three horse racetracks, and numerous outdoor and indoor event and meeting spaces, retail sports and race books.

As of December 31, 2024.

3

STABLE PERFORMANCE

US regional GGR has maintained stable growth since 2001 and has been resilient to

macroeconomic changes including oil prices and CPI

U.S. Regional GGR 1

58

63

52

47

34

34

35

37

39

40

31

31

31

32

29

30

29

29

30

24

24

26

27

22

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

WTI Data

( )

CPI Data

(

)

1. In USD, $ billions.

4

Sources: American Gaming Association, Datastream and Bloomberg. Note: Regional GGR represents U.S. excluding Las Vegas GGR.

REGIONAL MARKETS OVERVIEW

Diverse regional exposure in stable, mature gaming markets in the U.S.

Gross Gaming Revenue (GGR)1

Colorado GGR

Missouri GGR

Washoe County, Nevada GGR

Maryland GGR

West Virginia GGR*

2024 2023

1,111

1,088 1,060

976 560

834

1,887

1,921

1,905

1,897

1,264

1,730

1,052

1,038

1,040 1,016

676

857

2,612

2,497

2,201

1,926

1,226

1,757

881

787

740

644

431

618

0

500

1,000

1,500

2,000

2,500

2022

2021

2020

2019

5

Sources: Colorado Department of Revenue, American Gaming Association, Nevada Gaming Control Board and UNLV Gaming Research. G GR in all markets except Colorado includes sports betting and iGaming.

U.S. OPERATIONS

OVERVIEW

East, Midwest and West Regions

6

EAST REGION MARKET OVERVIEW

West Virginia

POINTS OF DIFFERENTIATION

MOUNTAINEER CASINO, RESORT & RACES

MARKET DYNAMICS AND DEMOGRAPHICS

• Located on the Ohio River in the northern

• West Virginia was an early adopter of internet

panhandle of West Virginia along Route 2, near

gaming (5th state in the US).

Chester, WV.

• The gaming market in West Virginia has

expanded substantially, with 43% growth from

2019 to 2024.1

• Maximum of five gaming licenses; no additional

licenses allowed.2

66,152

1,044

26

357

Casino sq. ft.

Slot Machines

Tables

Hotel Rooms

Property information as of December 31, 2024.

7

1.

Sources: UNLV Gaming Research.

2.

Assumes no additional racetracks open in the state.

EAST REGION MARKET OVERVIEW

Maryland

POINTS OF DIFFERENTIATION

ROCKY GAP CASINO, RESORT & GOLF

MARKET DYNAMICS AND DEMOGRAPHICS

• Located against a picturesque outdoor backdrop

• Western Maryland is expected to see annual

in Rocky Gap State Park.

wage and salary growth of 1.6% vs. a state

average of 0.4%.1

• Companies including Gilead, Amazon, Black &

Decker and Mitsubishi are investing in new

manufacturing and logistics facilities in the region.

• Located in the central Appalachians, Western

Maryland offers scenic landscapes and large

freshwater lakes for a great year-round, getaway

destination.

25,447

630

16

198

Casino sq. ft.

Slot Machines

Tables

Hotel Rooms

Property information as of December 31, 2024.

8

1. Sources: Maryland Department of Labor and NAIOP Commercial Real Estate Development Association

EAST REGION RESULTS

West Virginia and Maryland

50.0

Net Operating Revenue

10.0

Adjusted EBITDAR1

47.1

45.0

45.1

44.0

44.2

9.0

8.9

8.5

41.0

8.0

40.0

38.5

8.0

7.6

35.0

7.0

29.7

30.4

30.0

6.0

5.7

26.7

28.2

26.3

26.5

5.3

25.0

5.0

4.8

4.9

4.3

20.0

4.0

3.9

3.9

3.5

15.0

3.0

10.0

2.0

5.0

1.0

0.0

0.0

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

2022

2023

2024

2022

2023

2024

In USD, $ millions.

9

1. Adjusted EBITDAR is a non-GAAP financial measure. See Appendix for the definition and reconciliation of Adjusted EBITDAR.

Disclaimer

Century Casinos Inc. published this content on March 13, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 13, 2025 at 10:55:01.406.