Slide 1: Skydive Wanaka | New Zealand
SKYDIVE WANAKA | NEW ZEALAND
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: Business Update
DREATIME DIVE & SNORKEL MILLN REEF | QUEENSLAND | AUSTRALIA BUSINESSIUE DAME John 0’Sullivan CEO
Slide 4: Overview
OVERVIEW CORE STRATEGY REMAINS UNCHANGED. SIGNIFICANT EXTERNAL FACTORS IN NEAR TERM STRATEGIC OUTLOOK EXTERNAL FACTORS EXP attractively positioned in the Australasian adventure tourism sector Business simplification well progressed, management team in place High quality core portfolio with barriers
Slide 5: 1H20 Snapshot
1H20 SNAPSHOT BALANCE SHEET STRENGTHENED BY NON-CORE DIVESTMENTS AND COST SAVINGS ON TRACK Revenue from continuing operations Underlying EBITDA" Tandem Jumps $60.3m $9.1m 84,085 Profit from continuing operations NTA per share GBR Experiences? $0.3m $0.16 141,537 Notes 1 Underlying EBITDA from contin
Slide 6: Non-Core Update
NON-CORE UPDATE SIGNIFICANT PROGRESS MADE ON DIVESTMENTS AND RESHAPING THE BUSINESS NON-CORE COMMENTARY i Lesnicay Completed in 2019 —_ a = 7 Completed sale to Morris Group 2 January 2020 8 @sgbr helicopters Ongoing commercial arrangementin place for scenic flights from sone J MarineWorld (Reef Magi
Slide 7: Operating Costs
OPERATING COSTS COST RATIONALISATION ON TRACK. 2H20 EXTERNAL IMPACTS HAVE NECESSITATED ADDITIONAL COST CONTROL MEASURES COST SAVING UPDATE ~$3-4M ~$3M l ~$3M 1H20' 2H202 Notes Achieved target of ~$3 million in annualised savings by 31 December 2019 Variable cost base being closely considered in the
Slide 8: Financial Results
NZONE | QUEENSTOWN | NEW ZEALAND RINANGIAIRRIES WINS) Owen Kemp CFO
Slide 9: Financial Performance
FINANCIAL PERFORMANCE PROFITABILITY IMPACTED OPERATIONAL AND TOURISM MARKET CONDITIONS KEY FINANCIALS - CONTINUING OPERATIONS Ee _ REVENUE 12.2)% EBITDA 67 15.3 (55.8)% PROFIT 03 WW (96.6)% UNDERLYING EBITDA 9.1 15.0 (39.4)% NTA PER SHARE ($) 0.16 0.17 (4.77% PRO FORMA NET DEBT 73 n/a nfa Notes COMM
Slide 10: Skydiving
SKYDIVING WEATHER CONDITIONS IMPACTED Q1. Q2 SAW BUSHFIRES AND QUEENSTOWN LATE SEASON WINTER IMPACT VOLUME KEY FINANCIAL METRICS * Volume down by 9.3% on pcp, Australia down 7.3% and NZ down 14.3% SKYDIVING REVENUE (7.3)% * Weather, and bushfires (smoke haze) at key dropzones have impacted OTHER 19
Slide 11: GBR Experiences
GBR EXPERIENCES CYCLICAL DOWNTURN APPEARED TO BE DECELERATING IN DECEMBER BEFORE CORONAVIRUS KEY FINANCIAL METRICS REVENUE 16.1)% UNDERLYING EBITDA 3.2 7.0 (53.5)% EBITDA MARGIN % 147% 26.5% (11.8)% ASSETS 32.8 84.7 (61.3)% TROPICAL NORTH QUEENSLAND Challenging tourism market conditions in 2H19 cont
Slide 12: Cash Flow
CASH FLOW CASH FLOW REFLECTS DISCIPLINED APPROACH TO CAPITAL MANAGEMENT DURING PERIOD OF CHALLENGING TRADING a a casi Lows * Capex in part offset by proceeds from sale of surplus assets OPERATING CASH FLOWS (32.5)% * Dividend not paid during period INVESTING CASHFLOWS (3.8) (5.0) (23.5)% * 2H20 will
Slide 13: Balance Sheet
BALANCE SHEET STRONGER BALANCE SHEET HEADING INTO 2H20 CAPITAL METRICS NON-CORE DISPOSALS * GBRH completed on 2 January 2020 TOTAL TANGIBLE ASSETS 1428 6.6% * Cairns Canyoning completed in December 2019 NET DEBT 23.5 29.4 (19.8)% * Whitewater rafting and ballooning process underway ° Sale of other n
Slide 14: Trading Update & Outlook
STKILDA | MELBOURNE | AUSTRALIA TRAD INGIUEDAMESS OUMUOOK John 0’Sullivan
Slide 15: Trading Update & Outlook
TRADING UPDATE & OUTLOOK CORE STRATEGY REMAINS UNCHANGED WHILST PROACTIVELY RESPONDING TO EXTERNAL FACTORS 1H20 ACHIEVEMENTS 1H20 performance was largely in line with expectations Business simplification well progressed . Divestment of GBRH has strengthened balance sheet . Cost savings and non-core
Slide 16: Thank You
THANK YOU ~Ne BS evo Sui a 7,