Tourism Holdings Limited · NZX:THL
Tourism — Investor Presentation (March 2026)
18 slides from Tourism's investor presentation, Mar 18, 2026
Slide 1: Presentation to NZ Shareholders Association (media release)
Tourism Holdings Limited 470 Oruarangi Road, Māngere, Auckland 2022 PO Box 4293, Shortland Street, Auckland 1140, New Zealand www.thlonline.com 18 March 2026 NZX | ASX | MEDIA RELEASE TOURISM HOLDINGS LIMITED (thl) PRESENTATION TO NZ SHAREHOLDERS ASSOCIATION Tourism Holdings Limited (NZX:THL, ASX:TH
Slide 2: Investor contacts and About thl
Investors and Analysts: Amir Ansari General Manager – Investor Relations & Group Planning Direct Dial: +64 9 336 4203 Mobile: +64 21 163 8053 About thl (www.thlonline.com) thl is a global tourism operator listed on the NZX and ASX (code: THL) and is the largest commercial RV rental operator in the w
Slide 3: NZ Shareholders Association THL Investor Day
For personal use only NZ Shareholders Association THL Investor Day 18 March 2026
Slide 4: Disclaimer
2 Disclaimer For personal use only The material contained in this different and the assumptions on jurisdiction, and may not be relied Reporting Standards (IFRS), thl’s document is a presentation of which the forward-looking upon in connection with any calculation of these measures may information a
Slide 5: thl
For personal use only thl 101
Slide 6: Who we are
4 Who we are A global tourism operator listed on the NZX and ASX, the largest commercial RV rental operator in the world, with operations across manufacturing, rentals and sales in New Zealand, Australia and North America For personal use only An NZX50 company, listed on the Market cap of $495 milli
Slide 7: Vertically integrated across build/buy, rent and sell in the RV market
5 Vertically integrated across build/buy, rent and sell in the RV market Generating a connected margin across the three segments For personal use only • Decades of experience designing and building durable RVs for rentals • Scale purchasing benefits for chassis and componentry BUILD / • Long standin
Slide 8: Results & Strategic Initiatives
RESULTS & For personal use only STRATEGIC INITIATIVES
Slide 9: H1 FY26 Results Summary
7 H1 FY26 Results Summary COMPARED TO THE PRIOR CORRESPONDING PERIOD For personal use only STATUTORY NET PROFIT AFTER TAX UNDERLYING NET PROFIT AFTER TAX1 UNDERLYING EBIT1 UNDERLYING EBITDA1 $29.6M 29.5M $64.4M 126.2M 17% 11% 8% 11% SALE OF SERVICES REVENUE SALE OF GOODS REVENUE INTERIM DIVIDEND2 CL
Slide 10: 20% dividend growth in the FY26 interim dividend
8 20% dividend growth in the FY26 interim dividend Dividend policy maintains balance between shareholder returns and capital management For personal use only • Policy for a 40% to 60% payout of underlying NPAT • Interim FY26 dividend of 3.0 cents per share recently declared, 100% imputed • The FY25
Slide 11: Disciplined capital management
9 Disciplined capital management Expecting net debt to be below $400M by the end of FY26 Net Debt (NZD $M) For personal use only 600 Forecast • Net Debt to Underlying EBITDA ratio of 2.3x,1 expected to be below 2.0x at FY26 year-end 492 493 500 477 446 • Owned fleet is thl’s primary source of equity
Slide 12: Four key strategic initiatives
10 Four key strategic initiatives (announced in thl’s growth roadmap) Underpinning expected improvement in financial performance UK & IRELAND AUSTRALASIAN AUSTRALIAN RETAIL SALES NORTH AMERICA For personal use only MANUFACTURING • Strategic review of UK & • Explored actions to • Plan developed to re
Slide 13: Decisive execution of strategic initiatives
11 Decisive execution of strategic initiatives Next steps scoped and underway Completed Next Steps Underway For personal use only ✓ Brisbane factory close (Dec ‘25) • Exit from Brisbane lease Australasian Manufacturing ✓ Production consolidated into Hamilton, • Compounding fleet synergy benefit as N
Slide 14: Growth Roadmap
For personal use only GROWTH ROADMAP
Slide 15: Tracking of $100M growth roadmap assumptions
13 Tracking of $100M growth roadmap assumptions Outperforming our assumptions for rental days growth and debt reduction $100M NPAT GROWTH ROADMAP ASSUMPTION STATUS For personal use only (compared to an FY25 base) Rental Days: ~25% growth, total days remain • Outperforming on a global basis below FY1
Slide 16: FY26 Outlook
14 FY26 Outlook Underlying NPAT guidance reaffirmed • thl reaffirms its existing guidance that underlying NPAT in FY26 is For personal use only expected to be in the range of $43M and $47M, representing expected growth of approximately 50% to 65% compared to FY25 • In connection with the U.S. / Isra
Slide 17: The RV industry has a positive long-term outlook
15 The RV industry has a positive long-term outlook Leisure travel is expected to grow, trends in demographics and travel preferences favour the RV travel category Interest in RV travel from younger generations For personal use only The median age of RV owners in the USA is 49 in 2025, down from 53
Slide 18: For more information, please contact
16 For personal use only T H L ONL INE. COM For more information, please contact: Grant Webster Chief Executive Officer grant.webster@thlonline.com + 64 21 449 210 Amir Ansari Investor Relations amir.ansari@thlonline.com +64 21 163 8053
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