1

Crown LimitedCrown LimitedAnnual General MeetingAnnual General Meeting

28th October 200928th October 2009Mr. Rowen Craigie, Chief Executive OfficerMr. Rowen Craigie, Chief Executive Officer

Presentation SlidesPresentation Slides

Crown Limited – 2009 Annual General Meeting

Crown Limited Group Result

SLIDE 1

(1,197.9)Net (Loss) Profit

(1,440.1)Discontinued operations and non recurring items

242.2(24.2%)370.2280.7Net Profit before non recurring items

(125.9)(25.0)(68.9)Equity Accounted

(102.0)(116.3)(94.1)Income Tax

(27.9)55.5(27.9)Interest

498.03.4%456.0471.6EBIT

(148.0)(132.8)(148.0)Depreciation and Amortisation

646.05.2%588.8619.6EBITDA

F09 Actual

$m

Changeon pcp

F08Normalised

$m

F09Normalised

$m

Crown Limited – 2009 Annual General Meeting

Australian Casino Results

1.44%VIP Win Rate (1.35% theoretical)

13.2%34.8VIP Turnover $ billion30.5%

513.6145.4658.9926.0578.8

2,163.8440.9469.7

1,253.1

AustralianCasinos

6.9%Main floor gaming13.2%VIP commission program play0.4%Non-gaming

3.1%11.6%4.8%5.1%

12.1%6.8%

Changeon pcp

EBITDA / Revenue %

Depreciation & AmortisationEBITDA

EBIT

Net operating expensesGaming taxes, levies and commissionsTotal Revenue (Normalised)

Normalised $m

SLIDE 2

Crown Limited – 2009 Annual General Meeting

Western Gaming Precinct

Crown Conference Centre under construction

Crown Melbourne – Property Update

658 room Crown Metropol Hotel under construction

SLIDE 3

Crown Limited – 2009 Annual General Meeting

Crown Melbourne - Property Update

Crown Towers RefurbishmentLagerfield Beer Garden

Sho Noodle Bar Crown Towers Refurbishment

SLIDE 4

Crown Limited – 2009 Annual General Meeting

Burswood – Property Update

Mesh Bar

Casino Main Entry The Latest Stage of the

Ongoing Casino Redevelopment

Infinity Suites

SLIDE 5

Crown Limited – 2009 Annual General Meeting

24 Hour Western & Asian Restaurants

Burswood – Property Update

Central Casino Refurbishment

SLIDE 6

Crown Limited – 2009 Annual General Meeting

Macau Gaming Revenue Q1 2006 to Q3 2009

$13.0 $13.3$14.2

$17.1$18.6

$19.8$20.5

$24.9

$30.1$29.2

$26.2

$24.4

$26.3$25.6

$32.0

$-

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$35.0

Q1 200

6Q2 2

006

Q3 200

6Q4 2

006

Q1 200

7Q2 2

007

Q3 200

7Q4 2

007

Q1 200

8Q2 2

008

Q3 200

8Q4 2

008

Q1 200

9Q2 2

009

Q3 200

9

(MO

P in

bill

ions

)

Source: DSEC, DICJ, Wells Fargo Securities, LLC

26.5% CAGR

SLIDE 7

Macau Gaming Quarterly Revenue

Crown Limited – 2009 Annual General Meeting

Melco Crown: City of Dreams

• Integrated casino, leisure and entertainment resort incorporating:

– Casino – main floor gaming areas and VIP salons with approximately 520 gaming tables and 1,350 gaming machines

– Three hotels which will deliver 1,400 guest rooms, suites and villas

• Crown Towers Hotel

• Grand Hyatt twin hotel towers

• Hard Rock Hotel

– “The Bubble” – a multimedia theatre

– More than 20 restaurants, bars and clubs

• “Theatre of Dreams” to open in 2010City of Dreams

SLIDE 8

Crown Limited – 2009 Annual General Meeting

City of Dreams Update

Crown Towers at City of Dreams Hard Rock at City of Dreams

City of Dreams

SLIDE 9

Crown Limited – 2009 Annual General Meeting

Current Trading

Main Gaming Floor 4%Non Gaming 5%VIP Turnover 5%

SLIDE 10

Crown Melbourne and Burswood –Combined Year on Year Revenue Growth

1 July to 21 October 2009

12

Crown LimitedCrown LimitedAnnual General MeetingAnnual General Meeting

28th October 200928th October 2009Mr. Rowen Craigie, Chief Executive OfficerMr. Rowen Craigie, Chief Executive Officer

Presentation SlidesPresentation Slides