Pursuit Attractions And Hospitality, Inc. · NYSE:PRSU
Pursuit Attractions And Hospitality — Q1 2025 Earnings Presentation
21 slides from Pursuit Attractions And Hospitality's earnings presentation, May 8, 2025
Slide 1: First Quarter 2025 Earnings Presentation
FIRST QUARTER 2025 EARNINGS PRESENTATION MAY 8, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation contains a number of forward-looking ⁄ sufficiency and cost of insurance coverage; For a more complete discussion of the risks and uncertainties statements. Words, and variations of words, such as “will,” ⁄ the impact of financial covenants on our operational and that ma
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES This document includes the presentation of “Adjusted EBITDA” (or “AEBITDA”) and “Adjusted Net Income (Loss)”, which are supplemental to results presented under accounting principles generally accepted in the United States of America (“GAAP”) and may not be comparable to s
Slide 4: Business & Financial Highlights
BUSINESS & FINANCIAL HIGHLIGHTS 1 Delivered solid first quarter 2025 performance 2 Key performance indicators remain strong Maintaining outlook for strong full year 2025 3 growth 4
Slide 5: Business Highlights
SSS i BUSINESS HIGHLIGHTS
Slide 6: Has the Scale and Financial Foundation to Drive Sustainable Growth
HAS THE SCALE AND FINANCIAL FOUNDATION TO DRIVE SUSTAINABLE GROWTH $366M $77M 15 3 Revenue AEBITDA1 Sightseeing Countries in 2024 in 2024 Attractions $212M <1x 28 ~4,000 Liquidity2 Net Leverage Distinctive Team at 3/31/25 at 3/31/25 Lodges Members3 1. AEBITDA = Adjusted EBITDA, which is inclusive of
Slide 7: Our Powerful Refresh, Build, Buy Strategy Delivers Significant Growth
OUR POWERFUL REFRESH, BUILD, BUY STRATEGY DELIVERS SIGNIFICANT GROWTH THROUGH ORGANIC AND INORGANIC OPPORTUNITIES Existing Experiences REVENUE ($ in millions) REFRESH Refreshing our existing assets and MORE THAN processes to optimize the guest and TRIPLED REVENUE $366 team member experience, market
Slide 8: 3 Strategic Tuck-in Acquisitions Completed in Fourth Quarter 2024
3 STRATEGIC TUCK-IN ACQUISITIONS COMPLETED IN FOURTH QUARTER 2024 PURSUIT fourth quarter 2024 HIGHLIGHTS ON TRACK TO DELIVER INCREMENTAL GROWTH IN 2025 EXPANDED OUR EXISTING COLLECTIONS AND UNLOCKED FUTURE GROWTH LEVERS IN ICONIC LOCATIONS WITH HIGH BARRIERS TO ENTRY AND PERENNIAL DEMAND 3 ACQUISITI
Slide 9: Meaningful Pipeline of Investment Opportunities
MEANINGFUL PIPELINE OF INVESTMENT OPPORTUNITIES PURSUIT fourth quarter 2024 HIGHLIGHTS TO FUEL CONTINUOUS GROWTH 1 REFRESH & BUILD OPPORTUNITIES AT EXISTING HIGH-PERFORMING EXPERIENCES 2 BUY EXPERIENCES IN NEW & EXISTING ICONIC LOCATIONS ORGANIC 2025 EST. ~$38M- LEVERAGE BALANCE OUT SEASONALITY $200
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS 10
Slide 11: First Quarter 2025 Balance Sheet and Liquidity Highlights
PURSUIT FIRST QUARTER fourth quarter 2025 BALANCE 2024 HIGHLIGHTS SHEET AND LIQUIDITY HIGHLIGHTS STRONG BALANCE SHEET FOR ACCELERATED GROWTH WITH LOW LEVERAGE AND SIGNIFICANT REVOLVER CAPACITY BALANCE SHEET Q4’24 Q1’25 LIQUIDITY Q1’25 ($ in millions) ($ in millions) Cash and Cash Equivalents 49.7 22
Slide 12: First Quarter 2025 Highlights
PURSUIT FIRST QUARTER fourth quarter 2025 HIGHLIGHTS 2024 HIGHLIGHTS Change ⁄ Total Revenue ($ in millions) Q1’25 vs. Q1’24 increased slightly year- Revenue: over-year during the Ticket Revenue $19.0 $1.1 seasonally slow quarter Room Revenue 7.3 (0.3) primarily due to higher attraction ticket Food &
Slide 13: First Quarter 2025 Attraction Performance
PURSUIT FIRST QUARTER fourth quarter 2025 ATTRACTION 2024 HIGHLIGHTS PERFORMANCE TICKET REVENUE ATTRACTION ($ in millions) METRICS Visitors ⁄ 6% ticket revenue (in thousands) growth with +6% meaningful +2% improvement in $19.0 effective ticket $17.8 451.8 459.5 prices ⁄ Opening of Flyover Chicago at
Slide 14: First Quarter 2025 Hospitality Performance
PURSUIT FIRST QUARTER fourth quarter 2025 HOSPITALITY 2024 HIGHLIGHTS PERFORMANCE ROOM REVENUE HOSPITALITY ($ in millions) METRICS ⁄ 9% same-store RevPAR growth Same-Store1 RevPAR with strong increase in ADR during $7.6 +9% seasonally slow $7.3 period $62.22 $67.56 ⁄ Lower room revenue primarily dri
Slide 15: Lodging Booking Pace Indicates Strong Demand
LODGING BOOKING PACE INDICATES STRONG DEMAND Lodging pacing is a leading indicator of destination demand and the strength in advanced bookings supports our favorable outlook for both our lodging and attractions CANADIAN LODGING US LODGING Room Revenue on the Books1 Room Revenue on the Books1 (CAD $
Slide 16: Positioned for Strong Profitable Growth in 2025
PURSUIT fourth POSITIONED FORquarter STRONG 2024 PROFITABLE HIGHLIGHTS GROWTH IN 2025 EXPECT DOUBLE-DIGIT GROWTH IN REVENUE AND ADJUSTED EBITDA ADJUSTED EBITDA1, 2 KEY DRIVERS ($ in millions) ⁄ Jasper leisure travel recovery ⁄ Canadian results translated to US dollars at +27%-40% $98 - $108 lower FX
Slide 17: Appendix
APPENDIX 17
Slide 18: 2025 Financial Outlook
PURSUIT 2025 FINANCIAL fourth quarter OUTLOOK 2024 HIGHLIGHTS ($ in millions) FY’25 GUIDANCE2 FY’24 ACTUALS Up low-double digits Revenue $366.5 vs. 2024 Adjusted EBITDA1 $98 to $108 $77.1 $29 to $34 Maintenance Capex $36.1 (7-8% of Revenue) Growth Capex $38 to $43 $20.2 Total Capex $70 to $75 $56.2
Slide 19: Supplemental Revenue Disclosures
PURSUIT fourth quarter SUPPLEMENTAL REVENUE 2024 HIGHLIGHTS DISCLOSURES 2024 2025 Q1 Q2 Q3 Q4 FY Q1 (in thousands) Ticket Revenue $ 17,805 $ 43,707 $ 75,330 $ 25,535 $ 162,377 $ 18,952 Rooms Revenue 7,604 24,578 42,020 7,719 81,920 7,339 Food and Beverage 6,522 15,046 26,135 6,637 54,340 6,123 Retai
Slide 20: Key Performance Indicators
PURSUIT KEY fourth quarter PERFORMANCE 2024 HIGHLIGHTS INDICATORS 2024 2025 Q1 Q2 Q3 Q4 FY Q1 As Reported Attractions KPIs: Number of Visitors 451,808 1,054,378 1,624,384 626,894 3,757,464 459,460 Effective Ticket Price $ 39.41 $ 41.45 $ 46.37 $ 40.73 $ 43.21 $ 41.25 Ticket Revenue (000s) $ 17,805 $
Slide 21: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION ADJUSTED EBITDA (000's) Q1'24 Q1'25 FY'24 Net income (loss) attributable to Pursuit (25,117) (31,136) 368,544 Net income (loss) attributable to noncontrolling interest (923) (216) 6,557 Net loss attributable to redeemable noncontrolling interest (203) - (1,258) Inco
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