Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — H1 2011 Earnings Presentation
13 slides from Helloworld Travel's earnings presentation, 2011
Slide 1: 2011 Half Year Results
For personal use only 2011 Half Year Results
Slide 2: Highlights
Highlights For personal use only Underlying* EBITDAI up 16.0% to $23.3 million Underlying* TTV up 8.5% to $2.8 billion Cash balance of $175.9 million Merger of Jetset Travelworld Limited (JTG) and Stella Travel Services (STS) completed on 30 September 2010 Integration proceeding according
Slide 3: Impact of Merger on Financial Report
Impact of Merger on Financial Report For personal use only STS deemed accounting acquirer therefore reverse acquisition accounting applied 31 December 2009 - STS only, five months to 31 December 2009 31 December 2010; STS – six months to 31 December 2010 JTG – three months to 31 December 2010
Slide 4: Underlying Comparable Results
Underlying Comparable Results The underlying performance represents the results for the Group as if the merger of JTG and STS had occurred at For personal use only 1 July 2009 with 6 months trading for each business included. 1H 11 1H 10 $m $m Increase TTV 2,844.2 2,621.6 8.5% Revenue 193.5 186.8 3.
Slide 5: Statement of Financial Position
Statement of Financial Position Dec-10 Dec-09* $m $m For personal use only Cash 32.2 58.5 Client cash 143.7 122.4 Trade and other current receivables 126.5 126.0 Total current assets 302.4 306.9 Property, plant and equipment 15.5 14.8 Intangible assets 414.3 416.6 Other non-current assets 8.6 15.7 T
Slide 6: Liquidity and Funding
Liquidity and Funding Dec-10 For personal use only $m Total Facility available 80.9 Drawn debt (34.5) Contingent (bank guarantees) (12.4) Headroom 34.0 The Facility is non amortising and is repayable on 30 September 2015. General cash 32.2 Client cash 143.7 Total cash 175.9 6
Slide 7: Income Tax
Income Tax Dec-10 For personal use only $m Profit before related income tax expense 6.43 Prima facie income tax expense at 30% 1.93 Add: Non-deductible items and sundries 0.41 Less: Deferred tax balances forfeited as a result of the merger (0.95) * Add: Prior year NZ tax losses forfeited as a result
Slide 8: Merger Update
Merger Update For personal use only New management structure in place Communication program to all key stakeholders completed Stella debt refinanced on more favourable pricing terms QH and QBT relocated in Sydney Negotiating with trading partners as single entity Major IT separation proj
Slide 9: Business Footprint
Business Footprint Franchisees, Members and Affiliates: 2,218 For personal use only Employees: 2,420 Countries: 8 Oxford UK 8 Employees NORTH AMERICA 71 Employees Los Angeles Hanoi ASIA 73 Employees Siem Reap Phnom Penh Ho Chi Minh City FIJI 260 Employees Fiji Johannesburg Brisbane P
Slide 10: Brand and Business Overview
Brand and Business Overview Travel For personal use only Retail Wholesale Management 10
Slide 11: Outlook
Outlook For personal use only Solid first half which benefited from improving international and domestic travel markets Consumer confidence currently being influenced by a range of factors, with likely impact on discretionary spend Key merger activities will be completed by 30 June 2011 (exclu
Slide 12: Appendix
For personal use only Appendix 12
Slide 13: Statutory Results
Statutory Results For personal use only 1H 11 1H 10 $m $m Increase Total Transaction Value (TTV) 2,213.6 1,314.2 68% Revenue 151.9 87.4 74% EBITDAI 11.8 7.4 60% Profit / (loss) before tax 6.4 (15.5) 141% Profit / (loss) after tax attributable to members 1.3 (16.6) 108% 1H 11 1H 10 $m $m Earnings per