Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q3 FY2019 Earnings Presentation
25 slides from Wonderla Holidays's earnings presentation, Jan 28, 2019
Slide 1: Q3 & 9M FY19 Result Update
Q3 & 9M FY19 RESULT UPDATE January 2019
Slide 2: Agenda
• Q3 & 9M FY19 RESULT HIGHLIGHTS • Q3 & 9M FY19 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q3 & 9M FY19 Result Highlights
Q3 & 9M FY19 RESULT HIGHLIGHTS Q3 FY19 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 50. 0% 19.1% 760.5 39.1% 45. 0% 10.2% 243.7 638.3 40. 0% 29.8% 35. 0% 49.4 % 297.7 30. 0% 163.1 25. 0% 145.2 190.5 20. 0% 65.4 15. 0% 19.1 % 56.3 % 10. 0% 122 % 5.0 % 0.0 % Q3 FY18
Slide 4: Q3 FY19 Result Highlights
Q3 FY19 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q3 FY19 revenue from operations grew 19.1% YoY to Rs 760.5 mn driven by 10.5% YoY growth in footfalls and 8.7% YoY growth in avg. revenue per visitor ▪ Q3 FY19 ticket revenue grew by 19.5% YoY and non-ticket revenue grew by 18.2% YoY ▪ Bangalore park witn
Slide 5: Q3 & 9M FY19 Revenue Analysis
Q3 & 9M FY19 REVENUE ANALYSIS In Rs Mn SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 638.3 760.5 2,155.7 2,212.3 638.3 760.5 2,155.7 2,212.3 4.8% 4.1% 3.9% 3.9% 24.2% 25.6% 21.2% 23.5% 22.7% 26.5% 25.5% 26.1% 28.2% 30.3% 24.3% 31.9% 75.8% 74.4% 78.8% 76.5% 37.7% 41.7% 43.0% 45.3% Q3 FY18 Q3 FY19 9M FY18 9
Slide 6: Q3 & 9M FY19 Revenue Analysis
Q3 & 9M FY19 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 824.2 826.6 1,068.3 1,097.8 707.8 654.3 959.5 883.1 8.7 % 2.8 % 8.2 % 0.3 % Q3 FY18 Q3 FY19 9M FY18 9M FY19 Q3 FY18 Q3 FY19 9M FY18 9M FY19 AVG. NON-TICKET REVENUE PER VISITOR (PA
Slide 7: Bangalore Park
BLA BANGALORE PARK
Slide 8: Portfolio Update – Amusement Park, Bangalore
PORTFOLIO UPDATE – AMUSEMENT PARK, BANGALORE • Launched in 2005 by the name ‘Wonderla’ • Wonderla Bangalore is located off the Bangalore-Mysore highway, 28 km from Central Bangalore • Situated on 81.75 acres of land with 61 land and water based attractions and other allied facilities • 5 restaurants
Slide 9: Bangalore Park – Revenue & Footfall Analysis
BANGALORE PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 957.0 917.0 828.7 278.9 765.0 262.2 8.3 % 4.2 % 251.6 4.2 % 254.4 9.6 % Q3 FY18 Q3 FY19 9M FY18 9M FY19 Q3 FY18 Q3 FY19 9M FY18 9M FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHA
Slide 10: Portfolio Update – Wonderla Resort, Bangalore
PORTFOLIO UPDATE – WONDERLA RESORT, BANGALORE • Three Star leisure resort attached to the amusement park; launched in March 2012 • The resort has 84 luxury rooms • The resort also has 4 banquet halls / conference rooms, totalling 8,900 sq. ft. with a capacity to hold 800 guests and a well equipped b
Slide 11: Kochi Park
QP Ay WONDE KOCHI PARK
Slide 12: Portfolio Update – Amusement Park, Kochi
PORTFOLIO UPDATE – AMUSEMENT PARK, KOCHI • Launched in 2000 by the name ‘Veegaland’ and operating under the name ‘Wonderla’ since April 2011 • Situated on 93.17 acres of land, and currently occupying 28.75 acres for 57 land and water based attractions and other allied facilities • 6 restaurants offe
Slide 13: Kochi Park – Revenue & Footfall Analysis
KOCHI PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 723.1 713.6 226.7 239.0 576.4 596.0 213.9 197.4 3.4 % 1.3 % 14.9 % 11.7 % Q3 FY18 Q3 FY19 9M FY18 9M FY19 Q3 FY18 Q3 FY19 9M FY18 9M FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHANN
Slide 14: Hyderabad Park
HYDERABAD PARK
Slide 15: Portfolio Update – Amusement Park, Hyderabad
PORTFOLIO UPDATE – AMUSEMENT PARK, HYDERABAD • Launched in April 2016 by the name ‘Wonderla’. • Situated on 49.5 acres of land, and currently occupying 27.0 acres for 44 land and water based attractions and other allied facilities. • 4 restaurants offering various cuisines, of which all are operated
Slide 16: Hyderabad Park – Revenue & Footfall Analysis
HYDERABAD PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 804.1 758.7 679.0 624.0 271.9 293.2 268.3 244.0 8.8 % 6.0 % 9.9 % 7.8 % Q3 FY18 Q3 FY19 9M FY18 9M FY19 Q3 FY18 Q3 FY19 9M FY18 9M FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHA
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q3 FY19 Q3 FY18 YoY % 9M FY19 9M FY18 YoY % Sale of Services 566.1 483.7 17.0% 1,691.9 1,699.5 -0.4% Sale of products 194.4 154.7 25.7% 520.4 456.2 14.1% Total Revenue from Operations 760.5 638.3 19.1% 2,212.3 2,155.7 2.6% Cost of Material Consumed 37.4
Slide 18: Company Overview – About Us
COMPANY OVERVIEW – ABOUT US • One of the largest amusement park operators in India with over 18 years of successful operations. Management has operational experience in the amusement park industry for over a decade • The promoters launched the first amusement park in 2000 in Kochi under the name Vee
Slide 19: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE Share Price Performance Market Data 25th January 2019 Market capitalization (Rs Mn) 15,992 400 375 Price (Rs.) 285 350 325 No. of shares outstanding (Mn) 56.5 CMP Rs. 285 300 Face Value (Rs.) 10 275 250 52 week High-Low (Rs.) 408.9 - 258.7 Apr/18 May/18 Jun/
Slide 20: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 18 yrs in the industry • 13+ yrs in the industry ARUN KOCHOUSEPH KOCHOUSEPH CHITTILAPPILLY • Founded V-Guard Industries Ltd., a publicly • Holds a masters degree in industrial CHITTILAPPILLY PROMOTER AND listed company since 2008 and is curre
Slide 21: Company Overview – Understanding the Wonderla Advantage
COMPANY OVERVIEW – UNDERSTANDING THE WONDERLA ADVANTAGE KEY CONCERNS ON SCALABILITY WONDERLA ADVANTAGE • In-House Design Capability for the Amusement Park HIGHLY CAPITAL • In-House Ride Manufacturing Facility in Kochi INTENSIVE BUSINESS • Manufactured / constructed 42 rides / attractions in-house •
Slide 22: Company Overview – Sustainable Competitive Advantages
COMPANY OVERVIEW – SUSTAINABLE COMPETITIVE ADVANTAGES OVER A DECADE OF OPERATIONAL PROXIMITY TO CITY WITH AMPLE LAND EXPERIENCE AND BRAND EQUITY AVAILABLE FOR FUTURE DEVELOPMENT • 18+ yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acre
Slide 23: Company Overview – Future Growth Strategy
COMPANY OVERVIEW – FUTURE GROWTH STRATEGY SCALABILITY – EXPANSION THROUGH SETTING • Currently in process of acquiring land in Chennai as well as identifying potential NEW AMUSEMENT PARKS opportunities for setting up new parks in other key geographies FOCUS ON IMPROVISING EXISTING PARKS TO • Evaluate
Slide 24: Company Overview – Global Ranking and Recognition
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION Wonderla parks in Bangalore, Kochi and Hyderabad were ranked at #2, #3 and #8 in India by Tripadvisor Wonderla Bangalore ranked 7th Best and Wonderla Kochi ranked 11th Best in Asia. 24
Slide 25: For Further Queries
FOR FURTHER QUERIES - Mr. Jacob Kuruvila Nilesh Dalvi/ Nachiket Kale CFO IR Consultant Email – jacob@wonderla.com Dickenson IR Contact No : +91 9819289131 / +91 9920940808 Email – nilesh.dalvi@dickensonir.com nachiket.kale@dickensonir.com Disclaimer This presentation and the following discussion may