Q3 2016 Earning Results Presentation

www.dxbentertainments.com

Q3 2016 Earning Results Presentation

13th November 2016

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To the extent available, the industry and market data contained in this presentation may have come from official or third party sources. Such third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, the Company has not independently verified the data contained therein. In addition, certain of the industry and market data contained in this presentation come from the Company's own internal research and estimates based on the knowledge and experience of the Company's management in the market in which the Company operates. While the Company generally believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change without notice. Accordingly, undue reliance should not be placed on any of the industry or market data contained in this presentation.

You agree to be bound by the foregoing limitations and conditions and, in particular, will be deemed to have represented, warranted and undertaken that you have read and agree to comply with the contents of this notice.

LEGO ®, the LEGO logo and LEGOLAND ® are trademarks of the LEGO Group. ©2016 The LEGO Group. LEGOLAND IS A PART OF MERLIN ENTERTAINMENTS plc.

DISCLAIMER

CONTENT

Highlights of Q3 2016

Project Update

Corporate and Operational Update

Financial Summary

3

01 / Highlights of Q3 2016

Q3 2016 Performance Highlights

30 Sep2016

(AED m)

31 Dec2015

(AED m)

Property and equipment, investment properties, inventories, advances and other receivables

8,747 5,307

Cash and other financial assets 3,286 3,319

Total assets* 12,033 8,626

Financial HighlightsProject and Corporate Highlights

Project Highlights

Dubai Parks and Resorts has opened to the paying public

• LEGOLAND® Dubai and Riverland™ Dubai opened on31 October 2016

• Bollywood Parks™ Dubai opening on 17 November 2016

• MOTIONGATE™ Dubai opening on 16 December 2016

• Broken ground on Six Flags Dubai

Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. 30 September 2016 figures are unaudited.

Corporate Highlights

• Changed the name of the company to DXB Entertainments PJSC

• Over 84% of total available space at Riverland™ Dubai leased at the end of September with 51 lease proposals signed

• Signed exclusive agreement with Gulf Islamic Investment (GII) to develop and invest in smart parking services

• Vinit Shah becomes Chief Business Development and Strategy Officer

5

* includes 1,676 million for Six Flags Dubai and Business Development

For the period ended 30 September 2016, the Company had no operating revenue

Loss for the period ended 30 September 2016 was 196 million AED

Drawn down AED 3.3 billion of banking facility

Favourable tourism growth trends

WesternEurope21%

GCC25%

MENA11% South Asia

16%

Americas

6%North Asia and South-East Asia

9%

RUSSIA, CIS, EE

5%

Africa 5%

Australasia

2%

6

Top Source Markets For Visitors To Dubai(‘000 visitors YOY Jan – Aug 2016 | 15)

Jan-Aug 2016 2015 % change

1 KSA 1,117 1,064 5%

2 INDIA 1,085 989 10%

3 UK 798 765 4%

4 OMAN 781 660 18%

5 USA 394 398 -1%

6 PAKISTAN 390 343 14%

7 CHINA 347 307 13%

8 IRAN 299 316 -5%

9 Germany 294 301 -2%

10 KUWAIT 293 300 -2%

15 RUSSIA 135 132 3%

Source of Visitor by Region (% in YTD August2016)

Sources: DTCM and Mastercard Global Destination Index.

Dubai is the 4th most visited city in the world after London, Paris and Bangkok

2015

2014 $10.9 Billion

$11.68 Billion

International overnight visitor spending in Dubai

Total Overnight International Visitors

9.58m YTD August 2016

02 / Project Update

Dubai Parks and Resorts opening timeline

8

Dubai Parks and Resorts Opening Schedule

31 October 2016 LEGOLAND® DubaiRiverland™ Dubai

17 November 2016 Bollywood Parks™ Dubai

16 December 2016 MOTIONGATE™ Dubai

Overall project completion snapshotCompleted in 2014

Major IP agreements

Operator agreements

Major government approvals

Theme park ride orders

Overall construction Achieved 2015 Q3 2016

Infrastructure 70% 98%

Facilities 49% 93%

Structure works 88% 100%

MEP 29% 90%

Envelope & Façade 30% 94%

Finishes 24% 87%

Area Development 10% 80%

Ride systems Achieved 2015

Q32016

Overall 68% 95%

Production 89% 100%

Delivery 63% 100%

Installation and Commissioning

9% 70%

Achieved 2015

Design 100%

Show systems Achieved 2015

Q3 2016

Overall 23% 92%

Production 32% 95%

Delivery 14% 88%

Installation and Commissioning

0% 42%

Achieved 2015

Q32016

Procurement 89% 100%

42 contractors

18,000workers on site


9

motiongate™ Dubai Preview

DreamWorks Building

Smurfs Village Express Hollywood Theatre

The Green Hornet

10

Ghostbusters

Bollywood Parks™ Dubai Preview

SholayBollywood Parks™ Dubai

LagaanBollywood Parks™ Dubai

11

12

LEGOLAND® Dubai

LEGO® CITY AIRPORT

LEGOLAND® Dubai opening

THE BIG SHOP

Dragon roller coaster

13

Riverland™ Dubai

French Village

French Village

Riverland™ Dubai

Boardwalk

Detailed design ongoing Project consultants design team on site. Ride procurement plan in place for all rides. 5 rides procurement in final

stages. Earthworks and grading substantially completed. Package awarded for Access Road

Six Flags Dubai update

14

03 / Corporate and Operational Update

16

Sales and Marketing Update

Launch of day pass sales

4th October 2016Launch of tickets sales of LEGOLAND® Dubai

15th October 2016Launch of ticket sales for Bollywood Parks™ Dubai

Tour and travel operators

70 international Tour Operator agreements signed

125 Destination Management Company agreements signed

17

Sponsorship partners

18

Dubai Parks and Resorts Wins 2016 ‘Leisure Project of the Year’ at the Construction Innovation Awards ME 2016

19

Theme Park Operations Update

Smart Parking Service agreementSigned an exclusive agreement with Gulf Islamic Investments to develop and invest in smart parking services at Dubai Parks and Resorts

RehearsalsRehearsals completed for Ninjago cast, with Jaan E Jigar, the Dabangg stunt show and Step Up on going

Staff trainingAll front line POS ticket sales training has been completed, and majority of F&B/retail POS training completed

Ride and maintenance staff training on going in line with ride delivery schedules

20

Leasing Update – Riverland™ Dubai

Leasing at Riverland™ Dubai (as at 30 September 2016)

139%Achieved of total

revenue of projected revenue in 2017

84% Of total lease space signed

51Total lease proposals

signed

Male63%

Female37%

21

Human Resources Update

Employee breakdown(as at end of September)

1800 employees from 74 countries

Theme parks72%

Retail and Hospitality

8%

Corporate and Services

20%

04 / Q3 2016 Financial Summary

Key Indicators (AED million) TOTAL

Total assets as at30 September 2016

2,693 1,139 1,342 687 561

Infrastructure and others

12,0335,611

Pre-opening expenses(Project to date)

55 41 40 6 9 417266

RiverlandTM Dubai formerly known as Riverpark. Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. 30 September 2016 figures are unaudited.

23

Q3 2016 Financial Summary

Total at the end of Q3 2016 2,748 1,180 1,382 693 570 12,4505,877

24

Interim Financial Informationfor the nine months ended 30 September 2016

Key highlightsAssets

Property and Equipment and Investment Properties: Increased to AED 8,379 million (Dec 2015:AED 4,937 million) includes land and capital work in progress amounting to AED 493 million inrelation to SF Dubai project (Dec 2015: Nil).

Advances to contractors and other receivables: Decreased to AED 344 million (Dec 2015: AED 372 million)

Due from a related party and Inventories: Increased to AED 24 million (Dec 2015: Nil)

Cash and other financial assets: AED 3,286 million (Dec 2015: AED 3,317 million)

Equity and liabilities

Share capital: AED 8,000 million (Dec 2015: AED 6,322 million)

Accumulated Losses and other reserves: AED 391 million (Dec 2015: AED 144 million)

Bank facilities: Drawn down AED 3,301 million (Dec 2015: AED 1,461 million)

Trade and other payables: Increased to AED 1,299 million (Dec 2015: AED 1,177 million)

Due to a related party: Reduced to AED Nil million (Dec 2015: AED 13 million)

Operations

The Company has not commenced its revenue generating activities and losses for the period were AED 196 million (September 2015: AED 58 million)

Events during the period

Six Flags Dubai right issue concluded in June 2016, issued share capital increased by AED 1,678million

Total Assets AED 12,033 million

(Dec 2015: AED 8,626 million)

Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. 3o September 2016 figures are unaudited. Advances include interest receivable

Property and

equipment66%

Investment properties4%

Inventories0%

Due from a related party0%

Advances to contractors and

other receivables3%

Other financial assets

0%

Cash and bank

balances27%

30 Sep 16 31 Dec 15Unaudited

(AED m) Audited (AED m)

ASSETS

Property and equipment 7,913 4,652 Investment properties 466 283

Inventories 23 -

Due from a related party 1 -

Advances to contractors and other receivables 344 372

Derivative financial instruments - 2

Other financial assets 29 2,856

Cash and bank balances 3,257 461

Total assets 12,033 8,626

EQUITY AND LIABILITIES

EQUITYShare capital 8,000 6,322 Equity issue reserve - 3

Cash flow hedge reserve (41) 2

Accumulated losses (350) (149)

Total equity 7,609 6,178

LIABILITIESBank facilities 3,084 1,257 Trade and other payables 1,299 1,178 Derivative financial instruments 41 -Due to a related party - 13

Total liabilities 4,424 2,448

Total equity and liabilities 12,033 8,626

25

Condensed consolidated statement of financial position (as at 30 September 2016)


-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

30 Sep 16 31 Dec 15A

ED

Mill

ion

s

Assets

Property and equipment

Investment properties

Inventories

Due from a related party

Advances to contractors and other receivables

Derivative financial instruments

Other financial assets

Cash and bank balances

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

30 Sep 16 31 Dec 15

AE

D M

illio

ns

Equity and Liabilities

Due to a related partyDerivative financial instrumentsTrade and other payablesBank facilitiesTotal Equity

Condensed consolidated statement of comprehensive income(for the nine months ended 30 September 2016)

Loss for the nine months ended 30 Sep 2016


30 Sep 16 30 Sep 15

Unaudited(AED m)

Unaudited (AED m)

General and administrative expenses (176) (71)

Marketing and selling expenses (60) (12)

Other operating expenses (8) -

Interest Income 54 36

Amortization of borrowing costs (6) (11)

Loss for the period (196) (58)

Other comprehensive income

Cash flow hedge - loss on fair value (42) (7)

Total comprehensive loss for the period (237) (66)

Loss per share:

Basic and diluted loss per share (fils) (0.029) (0.010)

26

(196)

(58)

(250)

(200)

(150)

(100)

(50)

-30 Sep 16 30 Sep 15

AE

D M

illio

ns

27

Interim condensed consolidated statement of cash flows (for the nine months ended 30 September 2016)

30 Sep 16 30 Sep 15Unaudited

(AED m) Unaudited

(AED m)

Operating ActivitiesLoss for the period (196) (58)Adjustments for:Depreciation Expense 6 2 Interest Income (54) (36)Amortisation of borrowing cost 6 11 Provision for employees' end of service indemnity 2 2 (Decrease)/Increase in advances to contractors and other receivables 52 (283)Increase in inventories (23) -Increase in trade and other payables 118 393

Net cash (used in)/generated by operating activities (89) 31

Investing activitiesDecrease in other financial assets 2,827 1,364 Additions to property and equipment (3,168) (1,643)Additions to investment properties (183) (73)Interest received 46 23 Net cash used in investing activities (478) (329)

Financing ActivitiesProceeds from issuance of share capital 1,678 -Share issue cost (9) -Proceeds from bank facilities 1,840 585 Borrowing cost paid (44) -Finance cost paid (90) -Movement in restricted cash (14) -(Decrease)/increase In due to a related party (13) 32 Net cash generated by financing activity 3,348 617

Net decrease in cash and cash equivalent 2,781 319 Cash and cash equivalent at the beginning of the period 364 163 Cash and cash equivalent at the end of the period 3,145 482

Movement in Cash(for the nine months ended 30 Sep 2016)


(89)

2,827

(3,351)

46

3,348

(4,000)

(3,000)

(2,000)

(1,000)

-

1,000

2,000

3,000

4,000

Mill

ion

s

Operating

Investing-Other Financial Assets

Investing-Property and equipment and Investment properties

Investing-Other

Financing

28

Maintaining initial revenue projections for 2017:

6.7M visits

AED 2.4BN revenueLikely to have a slightly higher cost structure due to an increase in staff costs and facilities management costs. Company continues to identify means to mitigate costs.

2017 Outlook

Contact us

29

Investor Relations Contacts

Marwa GoudaHead of Investor Relations

Abdulrahman Al-SuwaidiInvestor Relations Officer

[email protected]

www.dxbentertainments.com/investor-relations

DXB Entertainments PJSC

Emaar Square, Building 1, Level 2PO Box 123311, DubaiUnited Arab Emirates

Tel: +971 4 8200 820Fax: +971 4 5114 998

[email protected]

www.dxbentertainments.com

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30

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Documents

Q3 2016 Earning Results Presentation