Slide 1: Skydive Australia | Australia
SKYDIVE AUSTRALIA | AUSTRALIA
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (ASX: 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 compl
Slide 3: Agenda
AGENDA BUSINESS UPDATE 4 FINANCIAL UPDATE 10 TRADING UPDATE & OUTLOOK 7 EXPERIENCE CO LIMITED | 1H24 RESULTS | 21 FEBRUARY 2023 3
Slide 4: Business Update
BUSINESS,UPDATE DREAMTIME DIVE AND SNORKEL | GREAT BARRIER REEF | AUSTRAtIA EXPERIENCECO ERIENCE CO LIMITED | 1H24 RESULTS
Slide 5: Tropical Cyclone Jasper
TROPICAL CYCLONE JASPER vl CS Impact of Tropical Cyclone Jasper felt in North Queensland operations from 8 December to 22 December a Cape Tribulation, Daintree and Port Douglas experiences most significantly impacted Operating assets remained undamaged due to well implemented contingency plans Cairn
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS 1H24 $62.3m $7.1m $10.7m $3.4m Sales Revenue Underlying EBITDA’ Cash & cash equivalents $(1.3)m $9.1c ($6.4m) Skydiving Underlying EBITDA’ $7.5m Net loss after tax NTA per share Net debt? Adventure Experiences Underlying EBITDA’
Slide 7: 1H24 Business Update
1H24 BUSINESS UPDATE Skydiving segment showed strongest growth during half because of continuing improvement in Inbound Tourism volumes. Adventure Experiences remained consistent with 1H23 SKYDIVING ADVENTURE EXPERIENCES 1H24 Revenue : $29.1m TANDEM SKYDIVING PERFORMANCE AVIATION REEF UNLIMITED + Re
Slide 8: ABS Short-Term Arrivals
ABS Short-Term Arrivals Rolling YTD December 2023 recovery 1,600,000 120% 1,400,000 103% 99% 100% 1,200,000 89% 91% 83% 83% 83% 81% 79% 80% 1,000,000 76% 73% 800,000 60% 58% 60% 600,000 46% 40% 37% 400,000 20% 200,000 - 0% United New United States of China India Singapore Japan South Korea Indonesia
Slide 9: Recovery of inbound visitation
71% recovery 97% recovery Source: Cirium SRS Analyser air schedules data Source: ABS Short-Term Arrivals Data
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Slide 11: Group Financial Overview
GROUP FINANCIAL OVERVIEW FINANCIAL PERFORMANCE STRONGEST HALF YEAR TRADING SINCE THE EMERGENCE OF COVID IN EARLY 2020 REVENUE 62.3 515 20.8% EBITDA” 58 52 10.1% PROFIT / (LOSS) BEFORE TAX (1.6) (1.6) 17% PROFIT / (LOSS) AFTER TAX (1.3) (1.6) 16.2% UNDERLYING EBITDA® ma 5.8 23.0% NTA PER SHARE (CENTS
Slide 12: 1H24 Revenue
1H24 REVENUE SALES REVENUE CONTINUED ITS POSITIVE GROWTH TRAJECTORY GROUP REVENUE COMMENTARY + Record half year revenue since emergence of pandemic $ MILLION TH24 % Growth driven by Skydiving in line with continued recovery of inbound visitation, SKYDIVING 291 195 48.9% with New Zealand growth more
Slide 13: Skydiving
SKYDIVING Strong performance aided by return of inbound markets COMMENTARY Record post-pandemic segment volume, with both EARNINGS SUMMARY markets now ~60% of pre-pandemic volumes Change Growth more pronounced in NZ (+7 in part S MILLION 124 125 % due to its earlier reinstatement of China Authori: S
Slide 14: Adventure Experiences
ADVENTURE EXPERIENCES Volumes remained resilient SotDd a ela? + Segment remained largest contributor to Group result EARNINGS SUMMARY Resilient performance led by the ntribution of ef Unlimited and Treetops Adventure despite challenging operating $ MILLION 1H24—1H23 Coy nvironment SALES REVENUE 33.2
Slide 15: Balance Sheet
BALANCE SHEET BALANCE SHEET METRICS CASH AND CASH EQUIVALENTS, 10.7 86 245% TANGIBLE ASSETS 136.6 B25 31% NET (DEBT) / CASH (6.4) (6.8) (5.9%) NET TANGIBLE ASSETS 68.9 70.7 (26%) CASHFLOW OPERATING CASH FLOWS 70 42 66.0% INVESTING CASH FLOWS (45) (49) N/A FINANCING CASH FLOWS (0.4) 82) N/A NET CHANG
Slide 16: Refinancing
REFINANCING CBA DEBT FACILITY OVERVIEW") COMMENTARY + New secured corporate debt facility entered into with Commonwealth Bank of Australia (CBA) in December 2023. Replaces existing secured corporate debt facility with National Australia Bank (NAB) which was due to expire on 31 March 2025 EQUIPMENT L
Slide 17: NZONE | Queenstown | New Zealand
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Slide 18: FY24 Strategy Remains Unchanged
FY24 STRATEGY REMAINS UNCHANGED EXECUTING RECOVERY 1INBOUND VISITOR RECOVERY Skydive and Reef Unlimited verticals to pre-pandemic levels with reopening of international markets. Invest in growing staffing levels and continue deliver operational leverage as volume returns 2 CAPITAL DISCIPLINE Maintai
Slide 19: Chinese Visitation to Australia
Chinese Visitation to Australia Purpose of Chinese Travel China to Australia Aviation Capacity Jan 23 to Dec 23, Leisure QTR Ending Dcember 23 vs QTR Ending July 22 to March 24* 60,000 60% December 19 250,000 120% 56% 56% 180,000 35% 72% 60% 53% 97% 71% 50,000 50% 160,000 100% 200,000 95% 140,000 45
Slide 20: Lunar New Year
LUNAR NEW YEAR Lunar New Year impacts mirrored the Golden Week trading period with COMMENTARY strongest impacts felt in Skydive NZ and Reef Unlimited. Skydive Australia also enjoyed an elevated level of activity PRE PANDEMIC ‘OMER % + Lunar New Year 2024 presented th d opportunity overy by the Chine
Slide 21: Trading Update & Outlook
TRADING UPDATE & OUTLOOK January trading and earnings in line with prior year despite the lingering impacts of Tropical Cyclone Jasper and weather events in South East Queensland JANUARY TRADING + Unaudited Underlying EBITDA of $2.8 million (PCP: $2.7 million) + Skydive NZ continued to see strong tr
Slide 22: Experience Co Limited | 1H24 Results | February 2024
co EXPERIENCE CO LIMITED | 1H24.RESULTS | 21 FEBRUARY 2024 MARIA ISLAND | TASMANIA | AUSTRALIA
Slide 23: ExperienceCo
EXPERIENCECO . @ @ Skydive 9 CALYPSO = ncermacic AUSTRALIA FITZROYISLAND (ESHEREESS A DAINTREE 33 dey ‘ Mise, AWidBsh A NSE REN UNE = = CylSBocy = PEEL «= SEM! @sueyorve ez, SP ite aay A | WATCHING Sa www.experienceco.com