Century Casinos North American Property Footprint and East Region Market Overview
APPENDIX
Non-GAAP Financial Measures - Calculation of Lease Adjusted Net Leverage and Lease
Adjusted Leverage
in dollars, in millions
Cash
Cash in Casinos
Total Principal Debt
Net Debt
Adj EBITDAR
1
Rent Payments
2
3
Debt Leverage
4
Net Debt Leverage 4
Adjusted Net Debt Leverage
6
5
Lease Debt Capitalized at 8.0x
Lease Debt plus Net Debt
Lease Adjusted Net Leverage
Year Ended
December 31, 2023
A A A SA
171.3
$
48.7
$
346.8
$
175.5
SA
$
114.0
$
(48.3)
5.3x
2.7x
3.4x
386.4
561.9
4.9x
In addition to the Rent Payments presented in the table above, operating lease payments for the year ended December 31, 2023 were $5.7 million.
Adjusted EBITDAR for the year ended December 31, 2023. See Appendix for a definition and calculation of Adjusted EBITDAR.
1.
2.
Rent Payments for the year ended December 31, 2023. See Appendix for a definition of Rent Payments.
3.
Debt Leverage is calculated as Adjusted EBITDAR minus Rent Payments divided by Total Principal Debt. See Appendix for a definition of Debt Leverage.
4.
5.
6.
Net Debt Leverage is calculated as Adjusted EBITDAR minus Rent Payments divided by Net Debt. See Appendix for a definition of Net Debt Leverage.
Adjusted Net Debt Leverage is calculated as Adjusted EBITDAR minus Rent Payments divided by Net Debt plus cash in casinos. See Appendix for a definition of Adjusted Net Debt Leverage.
Calculated as Rent Payments capitalized at 8.0x. See Appendix for a definition of Lease Debt.
CENTURY™
CASINOS
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