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SKC - Skycity Entertainment profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Skycity Entertainment 

Directory

NZX code: SKC
Short name: Skycity Entertainment
Legal name: Skycity Entertainment group Limited
Industry sector: Gambling
NZX50 rank: 18 of 50
Head office address: Level 13, 99 Albert Street, Auckland 1010
Chairman: Julian Cook
Chief executive: Michael Ahearne
Financial year ended: June
Locations: New Zealand, Australia
Auditor: PwC
Bankers: ANZ, CBA, BNZ, NAB, Westpac

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SKYCITY Entertainment

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Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye June mln mln cents
2018 $813.8 $170 23.7
2019 $802.3 $145 23.8
2020 $641.7 $235 35.4
2021 $713.2 $193 20.6
2022 $553.5 ($33) (4.4)
2023 $855.8 $7 1.1

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B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye June bln bln %
2018 $2.54 $1.39 45.3
2019 $2.55 $1.40 45.1
2020 $2.79 $1.35 51.6
2021 $2.79 $1.15 59.1
2022 $2.74 $1.17 57.3
2023 $2.86 $1.33 53.5

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C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye June mln mln mln
2018 $289.1 $269.9 $76.0
2019 $252.3 $286.7 $41.6
2020 $120.2 $107.5 $54.2
2021 $284.8 $289.1 $49.9
2022 $91.1 $92.4 $48.7
2023 $280.1 $83.8 $245.0

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D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye June cents annual avg dollars annual avg %
2018 23.7 17.0 0.49 4.95
2019 23.8 15.9 0.53 5.28
2020 35.4 6.8 1.18 4.18
2021 20.6 17.0 1.32 1.99
2022 (4.4) (66.2) 1.08 2.41
2023 1.1 215.4 1.24 3.68

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Description of trading activities 

Skycity Entertainment is a gambling and entertainment company in Auckland. It owns and operates five casinos in New Zealand and Australia. This includes restaurants, luxury hotels, convention centres and the Auckland Sky Tower.

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CEO profile

Michael Ahearne was appointed CEO in November of 2020. Ahearne has had experience in the gaming industry with both physical and online casinos. He previously held a senior role at Paddy Power Betfair. Ahearne is a qualified accountant and has an MBA from the University of Technology in Sydney.  Ahearne also holds a degree in Accounting, from the Munster Technological University.


Chairman profile

Julian Cook was appointed the Chair of Skycity Entertainment in June 2021. This was effective from the 1st of January of 2022. He is also currently the Chair of the Board's People and Culture and Governance and Nominations Committees. Prior to this, Julian was the Chief Executive Officer of Summerset Group Holdings from 2014 to March 2021. Cook holds a Masters of Science, with First Class Honours from the University of Waikato, and a Masters of Finance from Victoria University of Wellington. In 2012, Cook completed a Key executives program at Harvard Business School.


Links:

Company website: https://www.skycityentertainmentgroup.com/
Investor information: https://www.skycityentertainmentgroup.com/investor-centre/share-price-tools/share-quote
NZX listing: https://www.nzx.com/companies/SKC
Annual reports: https://www.skycityentertainmentgroup.com/investor-centre/financial-information/reports-presentations/2020

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