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Cindy: SOUTH AFRICA RACING INTO THE FUTURE SOUTH AFRICA THE NHA : Racing First Race Meeting held 1804 Jockey Club Founded in Port Elizabeth in 1882 Jockey Club moved to Johannesburg in 1904 THE NHA : Structure of Board 7 Directors elected regionally by members 4 Directors appointed by - Gold Circle - Phumelela - Breeders - Owners Chief Executive 2 Co-opted to achieve transformation THE NHA : Regulatory System the maintenance and operation of the General Stud Book; the licensing and/or registration of all relevant participants in the sport; the formulation and revision of the rules of the sport and of breeding; the monitoring of training and the regulation of racing; THE NHA : Regulatory System (Continued) the operation of a laboratory to discourage the use of prohibited substances; the operation of an effective disciplinary and appeals system; the recording and publication of all relevant data on the sport; the handicapping of horses. Racing Operators : Racecourses Phumelela Gold Circle - Turffontein - Greyville - Newmarket - Clairwood - Vaal - Scottsville - Bloemfontein - Kenilworth - Kimberley - Durbanville - Arlington - Fairview CONSOLIDATION CONSOLIDATION BROADCASTING TRANSPORT 13 RACE CLUBS 7 TOTES TRAINING CENTRES Racing division Betting division Management Racing division Betting division Management • • • • Tellytrack International Saftote Publishing SOUTH AFRICAN PROVINCES NEW BUSINESS MODEL 3.5 (R) billions 3 2.5 2 2001 2002 2003 2004 2005 1.5 1 INCOME COST Stabilised Restructured / reduced Growth Sustainable profitability IMPORTATION OF NEW PRODUCTS Benefits of imported simulcast • Increased interest in racing • Increased turnover • Continuity • Reduced risk • Better asset utilisation USA UK FRANCE DUBAI HONG KONG KENYA ZIMBABWE MAURITIUS EXPORT OF SA RACING Benefits of exported simulcast of South African racing USA • Income • Larger pools • Development of expertise and experience UK ASIA EUROPE UK RACETRACKS (Super Tracks in bold/gold) •13 •19 •2 •5 •6 •9 •3 •24 •27 •29 •31 •4 •14 •23 •1 •10 •18 •17 •22 •28 •15 •8 •20 •25 •30 •12 •16 •11 •26 •21 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Aintree Ayr Bangor-On-Dee Beverley Carlisle Cartmel Catterick Bridge Cheltenham Chester Doncaster Epsom Downs Goodwood Hamilton Park Haydock Park Huntingdon 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Kempton Park Ludlow Market Rasen Musselburgh Newbury Newmarket Nottingham Pontefract Redcar Salisbury Sandown Thirsk Warwick Wetherby Wincanton York INTERNATIONAL SIMULCAST International Broadcasting USA, UK, Russia, Belgium, France, Kenya, Ghana, Italy, Spain, Germany, Tasmania, Austria, Mauritius and Zimbabwe DUBAI INTERNATIONAL SIMULCASTING CHALLENGES • • • • • • Total service provision Commingling Regulatory / tax issues Risk assessment Exchange control risks Piracy / betting exchanges GLOBALISATION OF RACING Where do you stand? RACING STATISTICS Season Ended 31 July 2004 • 12 Racecourses • 436 Race Meetings • 3 965 Races • 176 Trainers • 125 Jockeys • 6 190 Horses in Training • 41 840 Starters • R179 088 335 Stakes Paid RACING STATISTICS Betting Turnover • 30 April 2005 - R6,610 Bn • 30 April 2004 - R5,739 Bn • 30 April 2003 - R5,619 Bn • 30 April 2002 - R4,926 Bn BREEDING STATISTICS Season Ended 31 July 2004 • 491 Breeders • 106 Stallions • 4 272 Broodmares • 2 950 Foals (Estimated) National Yearling Sales 2003 Lots Sold Aggregate Value Average Price Highest Price 2004 2005 428 457 477 63 835 000 89 745 00 40,58% 105 140 000 17,15% 149 147 196 379 31,67% 220 419 12,24% 1 700 000 2 000 000 17,64% 3 300 000 65%