Slide 1: FY22 Annual General Meeting
FY22 ANNUAL GENERAL MEETING REEF MAGIC ‘REMOORA’ | CAIRNS | AUSTRALIA
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (ASX: EXP) contains summary information about EXP and its related bodies corporate and their activities. The information in this presentation is of a general background nature and does not purport to be compl
Slide 3: Board of Directors and Executive Team
BOARD OF DIRECTORS AND EXECUTIVE TEAM ANTHONY BOUCAUT NEIL CATHIE DIRECTORS KERRY (BOB) EAST MICHELLE COX JOHN O’SULLIVAN Independent Chairman Non-Executive Director & Founder Independent Non-Executive Director Independent Non-Executive Director Executive Director Member - Remuneration & Nomination
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS FY22 IN BRIEF $55.8m $(2.4)m $18.2m $(2.1)m Sales Revenue Underlying EBITDA loss1 Cash & cash equivalents Skydiving Underlying EBITDA loss1 $(13.6)m $8.7c $3.0m $5.6m Net loss after tax NTA per share Net cash2 Adventure Experiences Underlying EBITDA1 NOTES 1. Underlying EBITDA i
Slide 5: Escaping the Ordinary
ESCAPING THE ORDINARY Our vision is to be the most recognised and respected adventure business in Australia and New Zealand VALUES ENVIRONMENT SOCIAL GOVERNANCE Environmental advocacy embedded across all Black Dog Institute ‘CEO Skydive’ 47% women in management roles products (40% in non management
Slide 6: Our Business Today
OUR BUSINESS TODAY SKYDIVING AUSTRALIA & NZ WILD BUSH LUXURY Australasia’s leading tandem skydiving operation. Internationally respected luxury lodge and guided walking brand Wild Bush Luxury 14 Drop Zones (DZs) in Australia and 3 in New Zealand’s Queenstown region. 2 leading aircraft maintenance 3
Slide 7: Growth Strategy
GROWTH STRATEGY EXECUTING THE RECOVERY IN FY23 GROWTH PIPELINE CRITERIA 1. RECOVERY Skydive and GBR Verticals to pre-pandemic levels. Leverage corporate platform as volume returns 2. CAPITAL DISCIPLINE Maintain strong balance sheet. Prioritise capital allocation to markets NT positioned early in the
Slide 8: Demand Recovering
DEMAND RECOVERING International demand expected to reach pre-pandemic levels during FY25. Aviation capacity and pricing are continuing to be the key driver in the leisure arrivals trends. In near term anticipating VFR will continue to be large component of leisure arrivals SEARCH CAPACITY ARRIVALS S
Slide 9: Q1 Trading Update
Q1 23 TRADING UPDATE MOMENTUM FROM Q4 22 CONTINUED GROUP REVENUE COMMENTARY • Revenue tracking in line with expectations, despite challenging $ MILLION Q1 23 Q1 22 % weather conditions in the Skydive segment SKYDIVING 7.4 3.1 136% • Adventure Experiences has traded strongly continuing the Q4 22 mome
Slide 10: Skydiving
SKYDIVING RECOVERY TRAJECTORY IMPROVING IN Q1 23 SKYDIVING COMMENTARY • Q1 23 has been the highest Q1 volume post the emergence of $ MILLION Q1 23 Q1 22 % COVID, despite continued challenging weather conditions SKYDIVING REVENUE 6.3 2.3 278% • Encouragingly, the geographical diversification of the p
Slide 11: Adventure Experiences
ADVENTURE EXPERIENCES STRONG MOMENTUM FROM APRIL 2022 CONTINUED INTO Q1 23 ADVENTURE EXPERIENCES COMMENTARY $ MILLION Q1 23 Q1 22 % • Strong recovery continued across the segment, and also the Q1 23 contribution from the Treetops Acquisition TOTAL REVENUE 16.4 4.4 273% • Reef Unlimited (formerly kno
Slide 12: Trading Update & Outlook
TRADING UPDATE & OUTLOOK RECOVERY MOMENTUM EXPECTED TO CONTINUE Q2 23 TRADING TO DATE OUTLOOK • Momentum continued from the strong finish to the Q1 23 quarter • Expecting international market conditions to improve as aviation capacity increases into December • Adventure Experiences continues to see
Slide 13: Thank You
EXPERIENCECO i ec ao CALYPSO ® Skydive | Ostiinited wo so Green Island reef cruises Treet i DAINTREE 3 ReErMaGIC AEs, BWilAssh DL HOURS OREAMTIME co se NEAT SKYDIVE WANAKA SKYDIVE OiVE & SNORKEL wy BIOLOGY LEWEL EO SOUTHERN ALPS C CAIRNS Performance A Mi WHALE Ae C. im WZ | WATCHING THANK YOU