Slide 1: FY22 Results Presentation
REEF MAGIC ‘REMOORA’ | CAIRNS | AUSTRALIA RESULTS PRESENTAMION EXPERIENCE
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (‘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 complete
Slide 3: Agenda
AGENDA BUSINESS UPDATE 04 FINANCIAL RESULTS 1 STRATEGY UPDATE & OUTLOOK 16 « E ee TRE! EXP! EXPERIENCE CO LIMITED | FY22 RESULTS | 24AUGUST 2022 3
Slide 4: Business Update
EXPERIENCE: EXPERIENCE C
Slide 5: Progress in a challenging year
PROGRESS IN A CHALLENGING YEAR Externalities were at a level not seen before in the business. From the pandemic’s Delta and Omicron variants, to labour shortages, a higher inflationary environment for key cost categories and extreme wet weather in key operating locations MACRO FACTORS IN 2H22 > 066
Slide 6: Financial highlights
FINANCIAL HIGHLIGHTS FY22 IN BRIEF $55.8m $(2.4)m $18.2m $(2.1)m Sales Revenue Underlying EBITDA loss! Cash & cash equivalents $(13.6)m $8.7c $3.0m Skydiving Underlying EBITDA loss! $5.6m Net loss after tax NTA per share Net cash? Adventure Experiences Underlying EBITDA’
Slide 7: Our business today
OUR BUSINESS TODAY SKYDIVING PREMIUM ADVENTURE Internationally respected luxury lodge and guided Australasia's leading tandem skydiving operation. walking brand Wild Bush Luxury 14 Drop Zones (DZs) in Australia and 3 in New Zealand's Queenstown region. 2 leading aircraft maintenance businesses 3 ope
Slide 8: Demand recovering
DEMAND RECOVERING Our view remains international demand will reach pre-pandemic during FY25. Aviation capacity and pricing the key driver to unlock forward long haul demand for Australia. Recent demand approaching pre-pandemic levels Forward Bookings to Australia % of 2019 volumes Aug 21 - July 22 (
Slide 9: Post pandemic demand trends
POST PANDEMIC DEMAND TRENDS EXP portfolio strongly aligned to post pandemic macro demand trends BACK TO NATURE WELLNESS A WELCOME CHANGE THE TASTE OF THE PLACE LUXURY MUST BE EASY Natural environment is a key, aspirational driver | 74% of global out of region travellersdemanding __| The big drivers
Slide 10: Escaping the ordinary
ESCAPING THE ORDINARY EXP's values and vision are aligned to making a difference in the communities in which we operate. We pride ourselves on genuine action ENVIRONMENT Environmental advocacy embedded across all products Elimination and/or transition away from plastics and single use items Solar fa
Slide 11: Financial Results
ARKABA PFLINDERS RANGES | AUSTRALIA EXPERIENCE:
Slide 12: Financial performance
FINANCIAL PERFORMANCE GROUP FINANCIALS v2? 55.8 Aha REVENUE 256% EBITDA’ (5.3) 6.4 nla PROFIT / (LOSS) (13.6) (4.8) n/a UNDERLYING EBITDA? (2.4) 68 n/a NTA PER SHARE (CENTS) 8.7 mS (24.8%) NET CASH / (DEBT)? 3.0 (2.8) n/a EXPERIENCE COMMENTARY No meaningful international tourism to date Revenue and
Slide 13: Skydiving
SKYDIVING SKYDIVING SALES REVENUE 22.6 30.2 (25.4%) UNDERLYING EBITDA (2.1) 72 n/a NZ SKYDIVE Tandem PAX FY19 % 60.0% 60.0% 40.0% 40.0% 20.0% 20.0% 0.0% 0.0% i] i | I Ql Q2 Q3 Q4& FY Qi Q2 Q3) 4 OFY mFY21: 55k PAX FY22: 41k PAX EXPERIENCE: MFY21: 10k PAX BI FY22: 5k PAX 60k FY19 Tandem PAX COMMENTAR
Slide 14: Adventure Experiences
ADVENTURE EXPERIENCES ADVENTURE EXPERIENCES. COMMENTARY y includes GBR Experiences and FY22 acquisitions ury (WBL) and Tr Adventure (TI REVENUE 33.0 2 133.1% UNDERLYING EBITDA 56 46 23.1% Into 2H2. regional areas performing strongly but the e centric Treetops impacted by reme weather events (see Q3
Slide 15: Balance sheet
HON oe BALANCE SHEET CASH & CASH EQUIVALENTS. 371% TANGIBLE ASSETS 110.6 86.8 27.4% NET CASH / (DEBT) 3.0 (2.8) NIA NET TANGIBLE ASSETS HELD FOR SALE : 24 N/A NET TANGIBLE ASSETS 653 642 18% EXPERIENCE BALANCE SHEET + Cash holdings of $18.3 million (30 June 2021: $13.3 million) * Net cash of $3.0 mi
Slide 16: Reef Magic 'Remoora'
é po ee REEF MAGIC ‘REMOORA"].CAIRNS | AUSTRALIA EXPERIENCECO x ECO LIMITED |
Slide 17: New product: Adventure Experiences TNQ
NEW PRODUCT: ADVENTURE EXPERIENCES TNQ EXPERIENCECO In line with expectation TNQ region recovering strongly post pandemic lockdowns and border restrictions in Q422. New product in high demand, particularly as international markets return Reef Magic Pontoon Outer ULTIMATE DAINTREE Great Barrier Reef
Slide 18: Treetops Adventure
TREETOPS ADVENTURE TREETOPS ADVENTURE GROWTH OUTLOOK + Operated under EXP ownership from 1 December 2021 + FY22 visitors of 317k (FY21: 404k) as COVID lockdowns in NSW and VIC impacted 1H22 and Omicron and adverse weather impacted performance in the second half NT + While proving more resilient comp
Slide 19: Premium Adventure
PREMIUM ADVENTURE WILD BUSH LUXURY FY23 EXPANSION OPPORTUNITIES + Operated under EXP ownership from 19 July + Arkaba Walk and Bamurru Plains expansion to 2021, with Maria Island joining the portfolio commence in 2H23 (see adjacent) from 1 December 2021 + Timing subject to construction pricing and su
Slide 20: Platform to grow
EXPERIENCE! PLATFORM TO GROW Despite the challenging operating conditions experienced in FY22 we continue to invest in our corporate platform to be strongly positioned to execute growth as conditions improve DIGITAL EVOLUTION Product website portfolio EXPERIENCE CO LIMITED | FY22 RESULTS | 24 AUGUST
Slide 21: Strategic outlook
STRATEGIC OUTLOOK FY23 PRIORITIES Disciplined focus on executing recovery and capital allocation as volumes return 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 alloc
Slide 22: Trading update & outlook
TRADING UPDATE & OUTLOOK IMPROVING OUTLOOK INTO FY23 RECENT TRADING * Conditions were more favourable in the July 2022 month, continuing the improved trading conditions in Q422 + Skydiving in Australia and New Zealand, while seasonally lower in the winter months, operated in line with expectations.
Slide 23: Thank you
EXPERIENCECO i v a CALYPSO Bg 1 @ Skydive | wm se Gidea Island as ‘REEF MAGIC ‘ DAINTREE 3g @ i Abe, BWIA DAINTREE Poona ne @ylBlocr CEE, = SMM swe A M,C. THANK YOU