Universal Entertainment : Quarterly Results of TRLEI (Preliminary Report for 2nd Quarter of Fiscal 2024)

Quarterly Results of TRLEI	1
(Preliminary Report for 2nd Quarter of Fiscal 2024)

			2023		2024 (10)
		Unit
		2nd quarter		First 6 months	2nd quarter		First 6 months
VIP (1)	Ending number/ Averge number of VIP gaming tables	No. of tables	101 / 105		101 / 104	93 / 100		93 / 103
	VIP rolling chip volume (2)	Million PHP	129,653		262,413	78,477		171,666
	VIP rolling chip win (3)	Million PHP	4,429		8,937	2,902		5,489
	VIP rolling chip win rate	%	3.4		3.4	3.7		3.2
Mass Market (4)	Ending number/ Averge number of mass gaming tables	No. of tables	189 / 180		189 / 174	213 / 193		213 / 183
	Mass table drop (5)	Million PHP	11,659		22,944	10,851		21,144
	Mass online table volume (5)	Million PHP	10,743		17,764	3,686		5,901
	Mass table games win - live (3)	Million PHP	2,924		5,889	2,899		5,794
	Mass table games win - online (3)	Million PHP	146		337	67		130
	Mass table games win rate - live	%	25.1		25.7	26.5		27.2
	Mass table games win rate - online	%	1.4		1.9	1.8		2.2
	Ending number/ Averge number of gaming machines	No. of machines	2,639 / 2,639		2,639 / 2,636	2,518 / 2,552		2,518 / 2,557
	Gaming machine handle (6)	Million PHP	61,976		125,620	55,973		110,128
	Gaming machine win (3)	Million PHP	3,795		7,700	2,967		6,199
	Gaming machine win rate	%	6.1		6.1	5.3		5.6
Hotel	Average daily room rate (ADR)	PHP	9,663		9,813	10,076		10,012
	Hotel occupancy rate (7)	%	80.7		82.2	78.9		81.0
	Revenue per available room (RevPAR) (8)	PHP	7,794		8,066	7,952		8,113
Property visitors		Visitors	1,422,311		2,883,507	1,447,076		2,902,948

Gross gaming revenue	Million PHP	11,294	22,863		8,835
VIP table games	Million PHP	4,429	8,937		2,902
Mass market table games	Million PHP	3,070	6,226		2,967
Gaming machine	Million PHP	3,795	7,700		2,967
Other revenue (hotel, food & beverage, retail, entertainment, etc.)	Million PHP	915	1,952		1,004
Total revenue			24,816		9,839
Million PHP	12,208
		1,441	2,878		1,452
Depreciation	Million PHP
		3,066	6,392		2,146
Adjusted segment EBITDA (9)	Million PHP

17,612

5,489

5,924

6,199

1,974

19,586

2,853

4,478

Notes	2

Unit: PHP (Philippine Peso)

1. VIP customers play on a rolling chip program, and who typically play in dedicated VIP rooms or gaming areas.
2. Rolling chip volume is the total volume in the quarter of special chips for VIP wagered and lost by the rolling chip segment.
3. Win calculated by a combination of each volume (rolling chip volume or table drop or gaming machine handle) and each win rate.

It is shown before gaming taxes, discounts, commissions and the allocation of casino revenues to rooms, food and beverage and other revenues for services provided to casino customers on a complimentary basis.

1. Mass market customers play table games and slot machines on public gaming floors for cash stakes that are typically lower than those in the VIP segment.
2. Mass table games drop is the amount of cash to purchase gaming chips that is deposited in a gaming table's drop box plus gaming chips purchased at the casino cage. TG online gaming volume represents the total amount of wagers placed patrons including any reinvested winnings.
3. Gaming machine handle is the total amount wagered in gaming machines.
4. Hotel occupancy rate is calculated based on total rooms available for sale and excludes rooms not available for sale.
5. RevPAR calculated by dividing total room revenues including retail value of promotional allowances by total rooms available, thereby representing a combination of hotel average daily room rates and occupancy.
6. Adjusted segment EBITDA = Operating profit/loss + Depreciation + Other adjustments
7. Latest numbers are preliminary and subject to change.