Evt Limited · ASX:EVT

Evt — EVENT Hospitality & Entertainment — FY2019 Earnings Presentation

18 slides from Evt's earnings presentation, Aug 23, 2019

  1. Slide 1: Results Presentation Year Ended 30 June 2019

    RESULTS PRESENTATION YEAR ENDED 30 JUNE 2019

  2. Slide 2: Year End Results Webcast and Dial In Details

    EVENT YEAR END RESULTS WEBCAST AND DIAL IN DETAILS F R I D AY 2 3 A U G U S T 2 0 1 9 TO L L F R E E ( A U S T R A L I A O N LY ) : 9:00 AM (AEDT) 1800 870 643 Access a webcast of the briefing at: Australia: +61 2 9007 3187 India: 000 8001 008 443 http://webcast.openbriefing.com/5370/ Alternatively

  3. Slide 3: Results Overview

    RESULTS GROUP REVENUE GROUP EBITDA* Fully franked final dividend of 31 cents $998m $229m OVERVIEW 2% 3% per share. YEAR ENDED 2018 2019 VAR 30 JUNE $’000 $’000 % Hotels, Thredbo and underlying Entertainment NZ delivered earnings growth. Entertainment Entertainment Australia impacted by genre mix of

  4. Slide 4: Entertainment Australia

    ENTERTAINMENT AUSTRALIA YEAR ENDED ADJUSTED SCREENS 2018 2019 VA R I A N C E CINEMAS 30 JUNE (AASB15) 75 2 701 2 Revenue ($000) 453,787 451,186 (0.6)% (0.3)% EBITDA ($000) 95,830 89,463 (6.6)% (5.5)% Normalised PBIT ($000) 68,600 60,198 (12.2)% (10.7)% Revenue relatively flat despite a less desirabl

  5. Slide 5: Entertainment New Zealand

    ENTERTAINMENT NEW ZEALAND YEAR ENDED 30 JUNE 2018 2019 VA R I A N C E ADJUSTED* CINEMAS SCREENS Revenue ($000) 85,268 89,822 5.3% 5.3% 20 1 135 6 EBITDA ($000) 17,018 15,575 (8.5)% 3.8% Normalised PBIT ($000) 11,150 10,015 (10.2)% 9.6% * Adjusted for the impact of the Queensgate insurance proceeds O

  6. Slide 6: Entertainment Germany (Discontinued Operation)

    ENTERTAINMENT GERMANY ( D I S C O N T I N U E D O P E R AT I O N ) TO P F I L M T I T L E S I N T H E G E R M A N M A R K E T YEAR ENDED 2018 2019 30 JUNE 2018 €M 2019 €M VARIANCE Star Wars: The Last Jedi 69.3 Avengers: Endgame 56.6 (18.3)% Revenue ($000) 307,384 294,967 Fack ju Göhte 3 52.8 Fantast

  7. Slide 7: Hotels and Resorts

    RESORTS HOTELS a Heed TT Te

  8. Slide 8: Hotels & Resorts: Record Result in a More Competitive Market

    HOTELS & RESORTS RECORD RESULT IN A MORE COMPETITIVE MARKET Strong performance on top of a Like for like occupancy YEAR ENDED 30 JUNE 2018 2019 VARIANCE record year with PBIT growth ARR and Revpar growth Revenue ($000) 336,723 353,377 4.9% +0.3% or +2.8% adjusting for the across the group. partial c

  9. Slide 9: RevPAR by Brand: Rydges

    REVPAR BY BRAND TOTAL 2018 2019 RYDGES Hotels 43 49 Rooms 7,189 8,017 VARIANCE *Includes owned, managed and other hotels with which the Group ( E X C L U D I N G has a branding and / or service agreement, including independently R Y D G E S branded hotels. Q U E E N S T O W N P A R T I A L OWNED HOT

  10. Slide 10: RevPAR by Brand: QT

    REVPAR BY BRAND QT LIKE FOR LIKE 2018 2019 (EXCLUDES 2018 2019 VARIANCE PERTH) Hotels 9 9 Occupancy 80.7% 79.2% (1.5)% 0.4% Average room rate $235 $236 0.5% 2.7% Rooms 1,396 1,429 Revpar $190 $187 (1.3)% 3.3% K E Y I N I T I AT I V E S ⁄ QT Perth opened August 2018, 16 additional rooms at QT Welling

  11. Slide 11: RevPAR by Brand: Atura

    REVPAR BY BRAND ATURA 2018 2019 VARIANCE Occupancy 72.3% 75.6% 3.3% 2018 2019 Average room rate $141 $140 (1.0)% Revpar $102 $106 3.6% Hotels 3 4 Rooms 390 555 EVENT Hospitality & Entertainment Limited 11

  12. Slide 12: Thredbo

    THREDBO

  13. Slide 13: Thredbo: Another Record Result

    THREDBO ANOTHER RECORD RESULT YEAR ENDED 2018 2019 VARIANCE 30 JUNE Thredbo delivered growth in revenue, EBITDA and another record PBIT result, +14.6%. Revenue ($000) 72,967 81,820 12.1% EBITDA ($000) 25,705 28,923 12.5% Good performance across all areas including: Normalised PBIT ($000) 21,838 25,0

  14. Slide 14: Property

    PROPERTY

  15. Slide 15: Strong Property Portfolio: Fair Value of $2 Billion

    STRONG PROPERTY PORTFOLIO FAIR VALUE OF $2 BILLION $MILLIONS FAIR VALUE BOOK VALUE YEAR ENDED 2018 2019 VARIANCE 30 JUNE Operating assets 1,947 1,074 Revenue ($000) 17,271 18,310 6.0% Investment properties 76 76 Fair value adjustments ($000) 5,750 1,931 (66.4)% Normalised PBIT ($000) 16,528 13,436 (

  16. Slide 16: New Accounting Standard: Impact of AASB 16 Leases

    NEW ACCOUNTING STANDARD IMPACT OF AASB 16 LEASES The 1 July 2019 balance sheet impact has been AASB 16 took effect on 1 July 2019 – all operating leases will now be recognised on the estimated below excluding discontinued operations Group’s balance sheet. (CineStar Germany). For each lease, a right-

  17. Slide 17: Focus Areas Going Forward

    FOCUS AREAS GOING FORWARD GROW EXISTING BUSINESS REVENUE MAXIMISE ASSET PERFORMANCE BUSINESS TRANSFORMATION EVENT HOSPITALITY & ENTERTAINMENT 17

  18. Slide 18: Non-IFRS Financial Information

    NON-IFRS FINANCIAL INFORMATION The EVENT Group results are prepared under Australian Accounting Standards, and also comply with International Financial Reporting Standards (“IFRS”). This presentation includes certain non-IFRS measures, including the normalised profit concept. These measures are used

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