Monarch Casino & Resort : Annual Stockholder Meeting Presentation - May 2024
MCRI
Annual Stockholders' Meeting
May 21, 2024
Forward Looking Information
This presentation contains certain forward-looking information that generally can be identified by the context of the statement or the use of forward-looking terminology, such as "believes," "estimates," "anticipates," "intends," "expects," "plans," "is confident that," "should" or words of similar meaning, with reference to Monarch Casino & Resort or our management. Similarly, statements that describe our future plans, objectives, strategies, financial results or position, operational expectations, or goals are forward-looking statements. It is possible that our expectations may not be met due to various factors, many of which are beyond our control, and we therefore cannot give any assurance that such expectations will prove to be correct. For a discussion of relevant factors, risks, and uncertainties that could materially affect our future results, attention is directed to Risk Factors and Management's Discussion and Analysis of Financial Condition and Results of Operations in our latest 10-K and other filings under the Securities and Exchange Act of 1934.
Monarch Casino & Resort, Inc. (MCRI) Property Highlights
Prime locations and assets
Significant growth opportunities
Results-oriented management with a strong operations and development track record
Attractive financial profile / balance sheet
Source: Monarch Casino & Resort analysis
1. EBITDA is adjusted for stock option, pre-opening and construction litigation expenses, and one-time charges.
Company History
Reno, NV
1991
Phase I - Atlantis
1993
Initial Public Offering
1994
Phase II - Atlantis
1999
Phase III - Atlantis
2008
Phase IV - Atlantis
2023 Atlantis
Black Hawk, CO
2012 Black Hawk
2015 Black Hawk
2016 Black Hawk
2017 Black Hawk
2021-2022 Black Hawk
2023 Black Hawk
Atlantis Casino Resort Spa Reno
Atlantis Overview
Award-winning facility
61,000 square-foot casino floor
Amenities include:
Atlantis GGR Market Share
Atlantis Casino Resort Spa has consistently outperformed the greater Reno-Sparks market for the last 27 years
Property enhancements
Continuous focus on profitability
Source: Monarch Casino & Resort analysis, Nevada Gaming Control Board
MCRI market share (TTM)
18%
15.9%
16%
14%
12%
10%
8%
6%
4%
3.6%
2%
0%
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
1Q24 LTM
Atlantis Hotel Occupancy and Cash ADR
Total Occupancy
90%
85%
86%
84%
80%
70%
65%
65%
64%
60%
50%
40%
30%
20%
10%
0%
2022
2023
1Q24 LTM
Atlantis Reno-Sparks
$180 $160 $140 $120 $100 $80 $60 $40 $20 $0
1
Cash ADR
$151
$152
$152
$158
$153
$149
2022
2023
1Q24 LTM
Atlantis
Reno-Sparks
Hotel occupancy rates remain stable
Source: Monarch Casino & Resort analysis, Reno-Sparks Convention & Visitors Authority 1. Cash ADR is inclusive of resort fees.
Fast-Growing Reno Metro Market
Washoe County Population of ~500,000
Reno metro area diversifying to broader base of industries
Attractive Nevada tax environment drives relocation interest
Source: U.S. Census, Bureau of Economic Analysis, EDAWN, Tahoe Reno Industrial Center, AP News
Atlantis' Prime Location
Ideally located in the heart of south Reno's restaurant, shopping and convention district
~40 acres on both sides of South Virginia Street
Only property connected to the Reno-Sparks Convention Center
35 miles from Lake Tahoe
Source: Monarch Casino & Resort analysis
Silver Legacy
Circus Circus
Ramada Reno
Downtown
Eldorado
Club Cal Neva
Boomtown Reno,
Gold Dust West & J
Resort
Peppermill
Reno-Sparks
Convention
Center
Rail City
Nugget
Baldini's
Grand Sierra
Western Village
Disclaimer
Monarch Casino & Resort Inc. published this content on 21 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2024 21:46:09 UTC.