Genting Berhad: Leisure and Arts Company Profile, SWOT & Financial Report by ICDResearch

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									Genting Berhad

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Genting Berhad                                                         Financial Snapshot

                                                                       Operating Performance
Fast Facts
                                     24th Floor, KUALA LUMPUR,         The company reported revenue of US$6,413 million
Headquarters Address
                                     50250,Malaysia                    during the fiscal year 2011 (2011). The company's
                                                                       revenue grew at a CAGR of 26.99% during 2007–
Telephone                            + 60 3 21782288
                                                                       2011, with an annual growth of 36.32% over 2010. In
                                                                       2011, the company recorded an operating margin of
Fax                                  + 60 3 21615304                   34.12%, as against 28.92% in 2010.

Website                              www.genting.com
                                                                       Revenue and Margins
Ticker Symbol, Stock Exchange        3182, Bursa Malaysia

Number of Employees                  47,000

Fiscal Year End                      December

Revenue (in US$ million)             6,413




SWOT Analysis

Strengths                            Weaknesses                        Return on Equity

Diversified business operations      Decrease in current ratio         The company recorded a return on equity (ROE) of
                                                                       16.28% for 2011, as compared to its peers, Galaxy
                                                                       Entertainment Group Limited (Ticker: WYNN), City
Recognized leisure brand portfolio   Overdependence on Asian markets   Developments Limited (Ticker: C09) and CapitaLand
                                                                       Limited (Ticker: C31), which recorded ROEs of
Strong financial performance                                           21.12%, 11.70% and 7.10% respectively. The
                                                                       company reported an operating margin of 34.12% in
                                                                       2011.
Opportunities                        Threats

Growing travel and tourism market    Changing consumer preferences     Return on Equity


Opening of new properties            Regulatory compliance

Rebranding initiatives               Tough economic conditions




                                                                       Liquidity Position

                                                                       The company reported a current ratio of 2.60 in 2011,
                                                                       as compared to its peers, Galaxy Entertainment
                                                                       Group Limited , City Developments Limited and
                                                                       CapitaLand Limited, which recorded current ratios of
                                                                       0.93, 2.51 and 4.24 respectively. As of December
                                                                       2011, the company recorded cash and short-term
                                                                       investments of worth US$4,340 million, against
                                                                       US$799 million current debt. The company reported a
                                                                       debt to equity ratio of 0.80 in 2011 as compared to its
                                                                       peers, Galaxy Entertainment Group Limited , City
                                                                       Developments Limited and CapitaLand Limited, which
                                                                       recorded debt to equity ratios of 0.83, 0.65 and 0.82
                                                                       respectively.




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Genting Berhad - SWOT Profile                                                                                  Page 1
Genting Berhad

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset and Liabilities .........................................................................................................................................11
      2.2.3       Operational Efficiency ......................................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Efficiency ..........................................................................................................................................................15
      2.3.2       Turnover – Inventory and Asset .......................................................................................................................16
      2.3.3       Liquidity ............................................................................................................................................................17
3     SWOT Analysis ...................................................................................................................................... 18
    3.1       SWOT Analysis - Overview ..................................................................................................................................18
    3.2       Strengths ..............................................................................................................................................................18
    3.3       Weaknesses .........................................................................................................................................................18
    3.4       Opportunities ........................................................................................................................................................19
    3.5       Threats .................................................................................................................................................................19
4     History .................................................................................................................................................... 21
5     Key Employees ...................................................................................................................................... 23
6     Key Employee Biographies................................................................................................................... 24
7     Locations and Subsidiaries .................................................................................................................. 25
    7.1       Head Office ..........................................................................................................................................................25
    7.2       Other Locations and Subsidiaries ........................................................................................................................25
8     Appendix ................................................................................................................................................ 27
    8.1       Methodology .........................................................................................................................................................27
    8.2       Ratio Definitions ...................................................................................................................................................27
    8.3       Disclaimer.............................................................................................................................................................31




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Genting Berhad - SWOT Profile                                                                                                                                                Page 2
Genting Berhad

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