MGM MIRAGE ProForma

554 views

Published on

  • Be the first to comment

  • Be the first to like this

MGM MIRAGE ProForma

  1. 1. MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA - PRO FORMA NET REVENUES BY RESORT (In thousands) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2005 2004 2005 2004 Bellagio $ 310,559 $ 261,857 $ 642,420 $ 540,491 MGM Grand Las Vegas 263,677 217,398 517,919 440,418 Mandalay Bay 244,563 221,254 472,191 433,012 The Mirage 150,213 149,204 311,125 288,258 Luxor 118,013 110,681 230,384 220,639 Treasure Island 103,490 95,128 203,827 194,924 New York-New York 88,760 82,748 179,908 165,541 Excalibur 89,282 85,898 175,304 167,696 Monte Carlo 77,711 71,752 156,111 144,894 Circus Circus Las Vegas (1) 73,563 72,418 140,916 138,256 Boardwalk 11,787 11,005 23,515 21,563 Subtotal - Las Vegas Strip 1,531,618 1,379,343 3,053,620 2,755,692 Other Nevada (2) 156,492 154,780 304,354 300,854 MGM Grand Detroit 109,702 112,067 223,402 215,984 Beau Rivage 88,146 82,192 167,622 155,178 Gold Strike Tunica 35,814 34,904 73,752 71,536 Subtotal - Mississippi 123,960 117,096 241,374 226,714 $ 1,921,772 $ 1,763,286 $ 3,822,750 $ 3,499,244 MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA - PRO FORMA EBITDA BY RESORT (In thousands) (Unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2005 2004 2005 2004 Bellagio $ 96,501 $ 82,716 $ 214,520 $ 181,735 MGM Grand Las Vegas 87,173 83,075 175,490 158,904 Mandalay Bay 77,124 70,404 150,984 142,644 The Mirage 45,173 51,041 100,150 91,169 Luxor 40,697 38,944 79,398 79,194 Treasure Island 28,784 26,312 59,115 57,615 New York-New York 36,152 31,248 74,706 63,372 Excalibur 30,883 30,100 61,639 58,248 Monte Carlo 29,315 26,735 62,203 55,423 Circus Circus Las Vegas (1) 20,412 20,805 38,194 37,976 Boardwalk 3,088 2,852 6,387 5,677 Subtotal - Las Vegas Strip 495,302 464,232 1,022,786 931,957 Other Nevada (2) 24,097 24,784 42,800 45,728 MGM Grand Detroit 39,058 44,404 77,940 82,966 Beau Rivage 25,868 22,079 46,569 38,868 Gold Strike Tunica 6,513 7,683 14,994 17,319 Subtotal - Mississippi 32,381 29,762 61,563 56,187 Unconsolidated affiliates 29,827 28,757 58,585 48,563 $ 620,665 $ 591,939 $ 1,263,674 $ 1,165,401 (1) Includes Slots-A-Fun. (2) Includes Primm Valley Resorts, Circus Circus Reno, Colorado Belle, Edgewater, Gold Strike, Nevada Landing and Railroad Pass. S1 - Pro Forma
  2. 2. MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA - PRO FORMA RECONCILIATION OF OPERATING INCOME TO EBITDA (In thousands) (Unaudited) Three Months Ended June 30, 2005 Depreciation Preopening and Operating and start-up Restructuring Property income amortization expenses costs (credit) transactions, net EBITDA Bellagio $ 61,321 $ 35,175 $ - $ - $ 5 $ 96,501 MGM Grand Las Vegas 58,470 27,143 500 - 1,060 87,173 Mandalay Bay 57,078 20,053 - (7) - 77,124 The Mirage 32,435 11,965 83 - 690 45,173 Luxor 32,697 7,852 - - 148 40,697 Treasure Island 20,974 7,810 - - - 28,784 New York-New York 27,573 8,579 - - - 36,152 Excalibur 26,822 4,058 - 2 1 30,883 Monte Carlo 24,985 4,410 - (5) (75) 29,315 Circus Circus Las Vegas (1) 15,461 4,965 - - (14) 20,412 Boardwalk 2,427 661 - - - 3,088 Subtotal - Las Vegas Strip 360,243 132,671 583 (10) 1,815 495,302 Other Nevada (2) 13,764 10,332 - - 1 24,097 MGM Grand Detroit 32,359 6,397 - - 302 39,058 Beau Rivage 20,339 5,491 62 - (24) 25,868 Gold Strike Tunica 4,065 2,475 - (24) (3) 6,513 Subtotal - Mississippi 24,404 7,966 62 (24) (27) 32,381 Unconsolidated affiliates 27,489 - 2,338 - - 29,827 $ 458,259 $ 157,366 $ 2,983 $ (34) $ 2,091 $ 620,665 Three Months Ended June 30, 2004 Depreciation Preopening and Operating and start-up Restructuring Property income amortization expenses costs transactions, net EBITDA Bellagio $ 58,232 $ 22,004 $ - $ 3,000 $ (520) $ 82,716 MGM Grand Las Vegas 55,752 22,170 1,501 900 2,752 83,075 Mandalay Bay 52,057 18,311 - - 36 70,404 The Mirage 38,149 12,903 - - (11) 51,041 Luxor 31,241 7,752 - - (49) 38,944 Treasure Island 17,312 8,886 118 - (4) 26,312 New York-New York 23,192 8,011 - - 45 31,248 Excalibur 25,963 4,114 - - 23 30,100 Monte Carlo 23,090 3,645 - - - 26,735 Circus Circus Las Vegas (1) 15,981 4,880 - - (56) 20,805 Boardwalk 2,683 169 - - - 2,852 Subtotal - Las Vegas Strip 343,652 112,845 1,619 3,900 2,216 464,232 Other Nevada (2) 13,944 10,314 - - 526 24,784 MGM Grand Detroit 37,074 7,373 - - (43) 44,404 Beau Rivage 16,669 5,242 - - 168 22,079 Gold Strike Tunica 5,436 2,247 - - - 7,683 Subtotal - Mississippi 22,105 7,489 - - 168 29,762 Unconsolidated affiliates 28,757 - - - - 28,757 $ 445,532 $ 138,021 $ 1,619 $ 3,900 $ 2,867 $ 591,939 (1) Includes Slots-A-Fun. (2) Includes Primm Valley Resorts, Circus Circus Reno, Colorado Belle, Edgewater, Gold Strike, Nevada Landing and Railroad Pass. S2 - Pro Forma
  3. 3. MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA - PRO FORMA RECONCILIATION OF OPERATING INCOME TO EBITDA (In thousands) (Unaudited) Six Months Ended June 30, 2005 Depreciation Preopening and Operating and start-up Restructuring Property income amortization expenses costs (credit) transactions, net EBITDA Bellagio $ 146,496 $ 66,618 $ 665 $ - $ 741 $ 214,520 MGM Grand Las Vegas 118,652 52,339 2,109 - 2,390 175,490 Mandalay Bay 109,043 41,074 - (7) 874 150,984 The Mirage 73,108 24,498 145 - 2,399 100,150 Luxor 63,546 15,318 - - 534 79,398 Treasure Island 43,306 15,810 - - (1) 59,115 New York-New York 57,518 17,188 - - - 74,706 Excalibur 53,750 7,891 - 2 (4) 61,639 Monte Carlo 53,629 8,654 - (5) (75) 62,203 Circus Circus Las Vegas (1) 28,557 9,651 - - (14) 38,194 Boardwalk 5,355 1,032 - - - 6,387 Subtotal - Las Vegas Strip 752,960 260,073 2,919 (10) 6,844 1,022,786 Other Nevada (2) 22,241 20,612 - - (53) 42,800 MGM Grand Detroit 64,224 13,412 - - 304 77,940 Beau Rivage 35,647 10,804 75 - 43 46,569 Gold Strike Tunica 10,188 4,833 - (24) (3) 14,994 Subtotal - Mississippi 45,835 15,637 75 (24) 40 61,563 Unconsolidated affiliates 56,178 - 2,407 - - 58,585 $ 941,438 $ 309,734 $ 5,401 $ (34) $ 7,135 $ 1,263,674 Six Months Ended June 30, 2004 Depreciation Preopening and Operating and start-up Restructuring Property income amortization expenses costs transactions, net EBITDA Bellagio $ 135,323 $ 42,356 $ - $ 3,000 $ 1,056 $ 181,735 MGM Grand Las Vegas 107,729 45,688 1,839 900 2,748 158,904 Mandalay Bay 100,541 41,770 142 - 191 142,644 The Mirage 65,560 25,560 - - 49 91,169 Luxor 63,945 15,323 - - (74) 79,194 Treasure Island 39,963 17,546 118 - (12) 57,615 New York-New York 47,949 15,464 (86) - 45 63,372 Excalibur 49,887 8,294 - - 67 58,248 Monte Carlo 48,413 7,010 - - - 55,423 Circus Circus Las Vegas (1) 28,143 9,706 - - 127 37,976 Boardwalk 5,339 338 - - - 5,677 Subtotal - Las Vegas Strip 692,792 229,055 2,013 3,900 4,197 931,957 Other Nevada (2) 25,962 19,356 - - 410 45,728 MGM Grand Detroit 67,773 14,847 - - 346 82,966 Beau Rivage 28,343 10,546 - - (21) 38,868 Gold Strike Tunica 12,881 4,449 - - (11) 17,319 Subtotal - Mississippi 41,224 14,995 - - (32) 56,187 Unconsolidated affiliates 48,563 - - - - 48,563 $ 876,314 $ 278,253 $ 2,013 $ 3,900 $ 4,921 $ 1,165,401 (1) Includes Slots-A-Fun. (2) Includes Primm Valley Resorts, Circus Circus Reno, Colorado Belle, Edgewater, Gold Strike, Nevada Landing and Railroad Pass. S3 - Pro Forma
  4. 4. MGM MIRAGE AND SUBSIDIARIES SUPPLEMENTAL DATA - PRO FORMA HOTEL STATISTICS (Unaudited) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2005 2004 2005 2004 Bellagio Occupancy % 96.7% 96.4% 96.4% 95.9% Average daily rate (ADR) $245 $240 $246 $247 Revenue per available room (REVPAR) $237 $231 $237 $237 MGM Grand Las Vegas Occupancy % 95.3% 95.0% 95.2% 93.6% ADR $155 $131 $157 $135 REVPAR $148 $124 $150 $126 Mandalay Bay Occupancy % 90.9% 88.9% 88.3% 86.9% ADR $221 $206 $228 $210 REVPAR $201 $183 $201 $182 The Mirage Occupancy % 98.8% 98.6% 98.4% 96.4% ADR $168 $150 $169 $153 REVPAR $166 $148 $167 $148 Luxor Occupancy % 96.5% 92.9% 93.8% 91.7% ADR $120 $112 $125 $117 REVPAR $116 $104 $117 $107 Treasure Island Occupancy % 99.0% 99.0% 98.6% 97.8% ADR $131 $115 $134 $119 REVPAR $130 $113 $132 $116 New York-New York Occupancy % 99.4% 98.6% 99.3% 98.0% ADR $135 $116 $137 $118 REVPAR $134 $115 $136 $115 Excalibur Occupancy % 97.2% 96.6% 93.7% 93.9% ADR $93 $85 $97 $87 REVPAR $90 $82 $91 $82 Monte Carlo Occupancy % 97.4% 96.1% 95.9% 94.8% ADR $131 $122 $134 $123 REVPAR $127 $118 $129 $117 Circus Circus Las Vegas (1) Occupancy % 96.6% 93.0% 92.8% 91.4% ADR $66 $62 $67 $62 REVPAR $64 $58 $63 $57 Boardwalk Occupancy % 98.8% 96.1% 95.2% 91.3% ADR $79 $67 $82 $71 REVPAR $78 $64 $78 $65 Other Nevada (2) Occupancy % 70.5% 76.1% 70.6% 75.3% ADR $42 $40 $40 $37 REVPAR $30 $30 $28 $28 Beau Rivage Occupancy % 93.5% 94.9% 91.4% 90.5% ADR $108 $98 $103 $95 REVPAR $101 $93 $95 $86 Gold Strike Tunica Occupancy % 80.1% 84.0% 81.4% 83.9% ADR $55 $49 $54 $49 REVPAR $44 $42 $44 $41 (1) Includes Slots-A-Fun. (2) Includes Primm Valley Resorts, Circus Circus Reno, Colorado Belle, Edgewater, Gold Strike, Nevada Landing and Railroad Pass. S4 - Pro Forma

×