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GENTING SINGAPORE Genting Singapore Limited ( Company Registration No. 201818581G ) 10 Sentosa Gateway , Resorts World Sentosa , Singapore 098270 QUARTERLY BUSINESS OVERVIEW Genting Singapore Limited ( the " Company " ) wishes to provide its investors and shareholders with a quarterly business overview¹ of the Company and its subsidiaries ( the " Group " ) in respect of the three months ended 31 March 2021 , as follows : Revenue Singapore Integrated Resort ( " IR " ) - Gaming - Non - gaming Others 2 2021 $ ' 000 First Quarter ended Fourth Quarter ended 31 December 31 March 2020 Change 2020 $ ' 000 % $ ' 000 Change % 216,894 267,892 ( 19 ) 213,512 2 60,650 138,408 ( 56 ) 84,827 ( 29 ) 365 629 ( 42 ) 16,165 ( 98 ) 277,909 406,929 ( 32 ) 314,504 ( 12 ) Results for the period Singapore IR 135,055 159,255 ( 15 ) 220,201 ( 39 ) Others 2 ( 6,955 ) ( 7,665 ) ( 9 ) ( 8,884 ) ( 22 ) Adjusted EBITDA³ 128,100 151,590 ( 15 ) 211,317 ( 39 ) Net exchange gain / ( loss ) relating to investments , share - based payment ( 9,952 ) ( 6,553 ) 52 17,727 NM and other ( expenses ) / income 3 EBITDA 118,148 145,037 ( 19 ) 229,044 ( 48 ) Net profit after taxation 34,530 46,627 ( 26 ) 131,476 ( 74 ) NM : Not meaningful The Group's first quarter 2021 revenue decreased 32 % as compared to the same period last year as the impact of the COVID - 19 pandemic which was first felt in February 2020 , continued to weigh on operational performance . For the current quarter , the Group achieved $ 118.1 million in earnings before interest , tax , depreciation and amortisation ( “ EBITDA ” ) , a 19 % decline from the $ 145.0 million achieved in the first quarter of 2020. Net profit saw a 26 % year - on - year decrease to $ 34.5 million , which would have been more pronounced if not for the various support measures initiated by the Singapore Government . Note : 1 2 3 Financial information presented in this quarterly business overview was prepared based on the management accounts of the Group and the same has not been audited nor reviewed by the Company's auditors . Potential investors and shareholders of the Company are advised to exercise caution and not to place undue reliance on this quarterly business overview when dealing in the shares of the Company . Others represent the investment business along with other hospitality and support services . Adjusted EBITDA is based on a measure of adjusted earnings before interest , tax , depreciation , amortisation and share of results of joint venture , excluding the effects of share - based payment , net exchange gain / ( loss ) relating to investments and other income / ( expenses ) which include but not limited to impairment / write - off / gain / ( loss ) on disposal of property , plant and equipment , pre - opening / development expenses and other non - recurring adjustments . 1