Experience Co Ltd · ASX:EXP
Experience — H1 2021 Earnings Presentation
15 slides from Experience's earnings presentation, Feb 18, 2021
Slide 1: Experienceco.com
EXPERIENCECO.COM
Slide 2: Summary Information
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 or compris
Slide 3: 1H21 Results Presentation
EXPERIENCE CO LIMITED | 1H21 RESULTS PRESENTATION | 18 FEBRUARY 2021
Slide 4: Highlights
HIGHLIGHTS Improved trading conditions as the half progressed, near term outlook continues to be impacted by state level COVID policies Val Revenue $20.1 million and Underlying EBITDA of $4.4 million, pleasing peak season volumes despite the impact of the NSW cluster from late December oR Successful
Slide 5: 1H21 Snapshot
1H21 SNAPSHOT COVID RECOVERY TRADING IMPROVING AND BALANCE SHEET POSITIONED TO NAVIGATE RECOVERY Revenue from continuing operations Underlying EBITDA' Tandem Jumps Cash and cash equivalents $20.1m $4.4m 30,920 $15.7m Loss from continuing operations NTA per share (cents) GBR Experiences? Net Debt? $0
Slide 6: COVID-19 Recovery
COVID-19 RECOVERY POST STIMULUS REALITY IS EMERGING AND VACCINE DEVELOPMENTS ARE POSITIVE FOR THE MEDIUM TERM OUTLOOK INTO 2022 Q1 21: RECOMMENCE * Managing the short term ‘normal’ + Demand based operating schedules * Maintain price discipline * Self drive and intrastate markets * Positive Underlyin
Slide 7: 2021
EXPERIENCE CO LIMITED | 1H21 RESULTS PRESENTATION | 18 FEBRUARY 2021
Slide 8: Financial Performance
FINANCIAL PERFORMANCE TRADING IN LINE WITH EXPECTATIONS KEY FINANCIALS - CONTINUING OPERATIONS $ million 1H21 1H20 Change % REVENUE 20.1 60.3 (66.6%) EBITDA’ 3.9 67 (42.4%) PROFIT / (LOSS) (0.6) 03 N/A UNDERLYING EBITDA? 44 10.0 (56.2%) NTA PER SHARE (CENTS)? 118 119 (0.1 cents) NET DEBT? 26 3.0 (71
Slide 9: Skydiving
SKYDIVING VICTORIA COMING ONLINE FROM LATE NOVEMBER HAS CONTRIBUTED TO A STRONG FINISH TO THE HALF KEY FINANCIAL METRICS SKYDIVE VOLUMES Smi 1H21 1H20 Change % * Improved volume as the half progressed, leading into the peak summer period 9 * 8 Drop Zones (DZs) were operating for the period in Austra
Slide 10: GBR Experiences
GBR EXPERIENCES QUEENSLAND BORDER UNCERTAINTY IMPACTING INTERSTATE CONSUMER DEMAND 1H20 Change % TROPICAL NORTH QUEENSLAND KEY FINANCIAL METRICS $ 1H21 REVENUE 57 221 (74.2%) . UNDERLYING EBITDA 2.2 3.2 (31.2%) . Queensland closure to key domestic markets of Sydney and Melbourne limited the business
Slide 11: Balance Sheet
BALANCE SHEET STRONG CAPITAL DISCIPLINE DELIVERED NET DEBT REDUCTION WITH NO CAPITAL RAISE CAPITAL METRICS $mi Dec20 June20 Change % CASH & CASH EQUIVALENTS 157 125 25.6% TOTAL TANGIBLE ASSETS 92.9 89.1 43% NET DEBT 26 9.0 (71.1%) GEARING? 28% 10.1% (72.3%) NET DEBT TO UNDERLYING EBITDA? 08 12 (35.7
Slide 12: Pontoon
PONTOON NEW PONTOON PROJECT ON SCHEDULE TO BE OPERATIONAL FROM EARLY CY22 PROGRESS ON TRACK * Build program on schedule | Marine World Dreamtime Island * Steelis with our contractor, English Engineering, Capacity 240 PAX 325 PAX which has deep experience in pontoon constructions on the Great Barrier
Slide 13: Outlook
OUTLOOK ~ EXPERIENCE CO LIMITED | 1H21 RESULTS PRESENTATION | 18 FEBRUARY 2021 13
Slide 14: Trading Update & Outlook
TRADING UPDATE & OUTLOOK VACCINE IMPLEMENTATION STRATEGIES ARE POSITIVE BUT EXPECT CY21 TO CONTINUE TO BE IMPACTED RECENT TRADING in Jobkeeper support in Australia. OUTLOOK Continue to be profit making in January month, even with the further decrease . Comparison of year on year performance is probl
Slide 15: Thank You
THANK YOU PORE TE @ Skydive AUSTRALIA CALYPSO FITZROY! nzone SKYDIVE DAINTREE TOURS Reed Magic, SKYDIVE WANAKA —— NEW ZEALAND —— SKYDIVE SOUTHERN ALPS