Century Casinos : Investor Presentation (Investor Presentation Q4 2024)

Published: 2025-03-13 06:07:22 ET CNTY

Results through Q4 2024

INVESTOR

PRESENTATION

Peter Hoetzinger, Co CEO & President

KEY INVESTMENT HIGHLIGHTS

• Well Established Multi-Channel Gaming Company: 7,493 slot/electronic

Growth Drivers

gaming machines, 238 gaming tables and 2,153 hotel rooms across 17

• New permanent land-based casino and addition of new hotel to Century Casino &

properties1 in USA, Canada and Europe.

Hotel Caruthersville, MO, opened on November 1, 2024.

• Strategically Located Casinos: Operations in attractive markets with

• Hotel development at Century Casino Cape Girardeau, MO, opened on April 4, 2024.

• Improvements across several casinos in the portfolio, especially at Nugget Casino

limited new competition risk.

Resort in Reno-Sparks, NV.

• Regional Customer Base: Focus on drive-to US markets; majority of

• Sports betting in Missouri expected to deliver incremental Adjusted EBITDAR to our

revenue is generated from guests residing within a one-hour drive from the

Missouri properties beginning in 2026.

casinos.

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.

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.

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

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

$150

$100

$50

$(50)

2008

2015

2023

2001

2002

2003

2004

2005

2006

2007

2009

2010

2011

2012

2013

2014

2016

2017

2018

2019

2020

2021

2022

2024

CPI Data

10.0 %

6.0 %

2.0 %

(2.0)%

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

1. In USD, $ billions.

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*

1,111

1,088

1,060

560

976

834

1,887

1,921

1,905

1,264

1,897

1,730

1,052

1,038

1,040

676

1,016

857

2,612

2,497

2,201

1,226

1,926

1,757

881

787

740

431644

618

500

1,000

1,500

2,000

2,500

2024

2023

2022

2021

2020

2019

of Revenue, American Gaming Association, Nevada Gaming Control Board and UNLV Gaming Research. GGR in all markets except Colorado includes sports betting and iGaming.

U.S. OPERATIONS

OVERVIEW

East, Midwest and West Regions

EAST REGION MARKET OVERVIEW

West Virginia

POINTS OF DIFFERENTIATION

MOUNTAINEER CASINO, RESORT & RACES

66,152

1,044

357

MARKET DYNAMICS AND DEMOGRAPHICS

Casino sq. ft.

Slot Machines

Tables

Hotel Rooms

Property information as of December 31, 2024.

1. Sources: UNLV Gaming Research.

2. Assumes no additional racetracks open in the state.

EAST REGION MARKET OVERVIEW

Maryland

POINTS OF DIFFERENTIATION

• Full-service casino resort with Jack Nicklaus

Signature golf course, and large events center,

spa, pool and outdoor activities (including beach

access).

• Only casino resort in Western Maryland, attracting

local and destination drive-in customers from

Maryland, Pennsylvania, West Virginia, and

Virginia.

• Renovations since 2018 include remodeled rooms

and suites, new sports lounge, food and beverage

offerings upgrade, golf course improvements and

beach access.

ROCKY GAP CASINO, RESORT & GOLF

25,447

630

198

MARKET DYNAMICS AND DEMOGRAPHICS

• Features a wide variety of casual and fine dining

options in addition to several on-site bars and

lounges.

Casino sq. ft.

Slot Machines

Tables

Hotel Rooms

Property information as of December 31, 2024.

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

EAST REGION RESULTS

West Virginia and Maryland

Net Operating Revenue

50.0

47.1

45.0

45.1

44.0

44.2

41.0

40.038.5

35.0

30.0

29.7

30.4

26.7

28.2

26.3

26.5

25.0

20.0

15.0

10.0

5.0

0.0

2022 2023 2024

Adjusted EBITDAR1

10.0

8.9

9.0

8.5

8.0

7.6

7.0

6.0

5.7

5.3

5.0

4.8

4.9

4.3

4.0

3.9

3.5

3.0

2.0

1.0

0.0

2022

2023

2024

In USD, $ millions.

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 10:06:26.067.