SkyCity Entertainment Group (SKC) Guidance summary

Opening remarks and agenda

• Updated FY25 full year earnings guidance provided due to continued market deterioration since 1H25 update.

Guidance on key objectives

• FY25 Group EBITDA now expected to be around 4% below the bottom of the $225m–$245m guidance range.

• Ongoing commitment to update the market if material changes occur.

Market trends and strategic opportunities

• Visitation remains steady across all precincts, but spend per visit has declined, complicating forecasts.

• Auckland faces reduced spend per visit in both hospitality and gaming; Hamilton and Queenstown casinos performing as expected.

• Adelaide impacted by lower visitation and VIP spend, despite overall EGM turnover growth in South Australia.

• Optimism expressed for future opportunities, including the NZ International Convention Centre opening in February 2026.