Wynn presentation 01 06-11 1540 hrs

MACAU LAS VEGAS

Zully RuizMandeep SinghErnesto SerrateWiswin PitikulsathitThomas Zhong

June 2011

Introduction

Proposed Strategic Investments

Resources & Capabilities

Implementation

Listed on NYSE and HKEX

Market Cap of 18.26 Billion

Revenue - NOP (2010)

4.18 billion - 625 million

Kubera Palace

World Series Speed Baccarat

Online Gaming

Wynn Golf

Proposed Strategic Investments

Kubera Palace

The Kubera structure

Two theater rooms

International Indian Theme Academy Awards Bollywood awards

Upscale F/B Options

Highlighted Internal Value Drivers

Kubera Palace

Environmental EventsIndia and China will become the leading economies in the next five years

Decrease in the gap of income distribution in (BRICs countries)

The rising level of education in developing countries (BRICs)

Outbound Indian MICE Travelers

No of Indian Visitors to Macau

No of MICE events and participants

in Macau

Limited No of Casino tables in Macau

Highlighted External Value Drivers

Indian Population Age Forecast

Indian Outbound Tourism Expenditure to East and Southeast Asia

Indian Outbound Travelers

2014 2015 2016 20170

20000000400000006000000080000000

100000000120000000140000000160000000180000000200000000

128809356142814039

160534357182976416

39347821 47087248 5695593969534411

32700943 38989534 47019680 57266770

Revenue EBIT Net CF

(mill

ion

USD

)

Kubera Palace

Investment32.3 million

Discount Rate8%

NPV158,694,902

ROI662%


The speed baccarat game and tournament

Secondary betting

Entertainment value for participants and spectators





The Chinese economy ability to sustain growth for the next 5 years

Baccarat gaming revenue

Gross gaming revenue for Macau

Per capita spending from CN & HK & TW

no of guests staying in 5 star

hotel from CN & HK


GDP of ChinaPopulation in China

with above 30,000 USD income

Exchange rates between RMB to

Macau MOP

2012 2013 2014 20150

10000000

20000000

30000000

40000000

50000000

60000000

16590683

35329443

4712940950409249

4990683

23381443

34822969 37733616

3806801

19990670

30644213 33205582 Revenue EBIT Net CF

(mill

ion

USD

)



Discount Rate14%

NPV120,553,448

ROI397%

Online Gaming

Online Gaming Platform

Internet gaming technical support


Online Gaming

Environmental EventsCloud computing technologies will become the computing standard of the future

Increasing amount information on the internet will promote cybercrime into the future

Increasing pressures to legalize and regulate the US gaming in the next 5 years

Deregulation of online gaming in The USA + Legal in most EU

countries

Interest in internet gaming

Global eGaming Gross Win both Internationally and in The US.


Number of digital security breaches

Users and use of technological services

2012 20130

50100150200250300350400450

365420

55 69.434.3 43.2

Revenue EBIT Net CF

(mill

ion

USD

)

Online Gaming


Discount Rate17%

NPV60,863,211

ROI1243%

Wynn Golf

The game of golf (Sports and Entertainment)

The Club house (Food and Beverage)

The Golf Pro shop

Wynn Golf

Misalignment

Keep as status quo


Wynn Golf



The Chinese economy ability to sustain growth for the next 5 years

Number of guests staying in 5 star hotel

from China and Hong Kong

Per capita spending from China / Hong Kong

and Taiwan

Increase in Gross gambling revenue

for Macau


Exchange rates between RMB to Macau MOP

Population in China above 30,000USD

income GDP of China

2012 2013 2014 2015 20160.0

1000000.0

2000000.0

3000000.0

4000000.0

5000000.0

6000000.05241400.0 5241400.0 5241400.0 5241400.0 5241400.0

1796400.0 1796400.0 1796400.0 1796400.0 1796400.0

2695160.0 2695160.0 2695160.0 2695160.0 2695160.0Revenue EBIT Net CF

Wynn Golf Course

Investment47 million

Discount Rate12%

NPV (perpetuity)26,951,600

ROI57%

Finance

Operations

Research & Development

Physical Resources

Administration

Marketing

Human Resources

Business Development

World Series of Baccarat86%

Wynn Golf Club100%

Online Gaming33%

Kubera’s Palace88%

Resources and Capabilities

N/A

Task/ Months

Q3/2011 Q4/2011 Q1/2012 Q2/2012 Q3/2012 Q4/2012 Q1/2013 Q2/2013 Q3/2013 Q4/2013 Q1/2014

Building1234

Theatre function123

International Indian Theme Academy Awards123

Upscale F&B Option1234

Implementation Time Table (Kubera Palace)

BuildingStage 1 Tender and approval for the design of the structureStage 2 All stakeholders’ approval of the project (Board of directors, government, etc.)Stage 3 Actual ground breaking and construction / soft furnishingStage 4 Opening of Kubera Palace

Theatre functionStage 1 Initiate contact to Hollywood agent. Stage 2 Negotiation and finalization with Bollywood starsStage 3 Soft rehearsals for grand opening / grand opening

International Indian Themed Academy AwardStage 1 Establish relationship with (IFFA)Stage 2 Finalising agreement of exclusive right to held IFFAStage 3 Planning and execution of the event

Upscale F&B OptionStage 1 Recruitment of key personnelStage 2 Finalisation of restaurant conceptStage 3 Hiring / Selection / Training of operational personnelStage 4 Opening of the restaurant


35%

Online Gaming18%

Kubera Palace47%

Value Creation (NPV)

$0.003 per share

(Wynn Resorts)

Increase in share price

World Series Speed Bacarrat

Online Gaming Kubera Palace$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

30,000,000

6,000,000

32,300,000

123,708,145.10

77,485,500.00

246,314,375.94

120,553,448

60,863,211

158,694,902

PRINCIPAL INVESTMENT TOTAL RETURN NPV

Wynn presentation 01 06-11 1540 hrs

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