Delta Corp Ltd

- Delta Corporation does not anticipate needing to borrow any funds for its upcoming onshore casino project. - The total project cost is estimated at INR 2000-2200 crores, with Delta planning to invest INR 1000-1200 crores including land and infrastructure. - As of October 14, they have INR 415 crores cash on hand and generate about INR 300 crores of EBITDA yearly, which approximates to cash flow. - Over the next 4 years, cash generation plus existing liquid assets (~INR 400 crores) total about INR 1600 crores. - This internal accruals and asset monetization is sufficient to fund the project without any debt or equity fundraising. - No mention was made of new equity fundraising during the call.

- Total project cost for onshore development estimated at ₹2,000-2,200 crores. - Delta plans to invest ₹1,000-1,200 crores in land and infrastructure for the new project. - Development includes a 200-300 room hotel and approximately 400,000 sq. ft. gaming space. - Additional facilities like employee quarters, surveillance, and back-office setups to be built. - Existing CAPEX spent around ₹29 crores in H1 FY20 on land parcels, plant & machinery, Nepal casino upgrades, and software updates for online business. - No external borrowing planned; investments to be funded through cash reserves (~₹415 crores) and internal accruals (₹300 crores EBITDA annually). - Increase in gaming capacity by 20-25% with introduction of new vessels (Big Daddy and Pride). - Focus on growing online segment with target 20-25% revenue growth.

- Management expects annualized growth of 15% to 20% over the next 3-5 years, reflecting historical compounded growth rates. - Recent capacity additions and market expansion indicate potential for increased revenues. - Post-Diwali seasonal uptick anticipated, with subdued activity during festive week but overall growth towards Nov-Dec. - Online gaming targeted to grow 20%-25% YoY, with plans to acquire 40,000-60,000 new customers, driven by poker focus. - Offline business remains the “lion’s share” and is expected to grow steadily. - New onshore casino development with increased capacity (6-7 times current) planned, involving Rs 1000-1200 crore investment, to boost future volumes and revenues. - Seasonal and economic factors may cause quarter-to-quarter fluctuations, but management confident of restoring growth momentum beyond current base.

- Delta Corporation expects a long-term compounded annual growth rate of 15% to 20% over a 3 to 5-year period. - The company targets around 20% to 25% growth in its online gaming revenue segment, supported by customer acquisition goals of 40,000 to 60,000 new users. - EBITDA margins are expected to stabilize around 20% in the long run, with current H1 margins at approximately 23% to 24%. - The offline (casino) business remains the core revenue driver, with plans to expand capacity significantly via an onshore casino project. - Internal cash generation and monetizable assets are expected to fund growth and expansions without needing debt. - Near term, October is seasonally subdued due to Diwali, but growth is anticipated post-Diwali into the festive Q3-Q4 period.

The provided document pages (1-16) from Delta Corporation Limited's Q2 FY20 earnings call do not mention any information regarding current or expected order book or pending orders. The discussion primarily focuses on: - Financial performance and revenue figures. - Business operations including casino capacity and online gaming. - Regulatory environment and GST-related matters. - Capital expenditure plans and expansion projects. - Market growth, capacity addition, and competitive landscape. No details about order books or pending orders were disclosed in the transcript available.