Skistar Ab Class B · OMXSTO:SKIS_B
Skistar Ab Class B — Q2 2024 Earnings Presentation
36 slides from Skistar Ab Class B's earnings presentation, Mar 20, 2024
Slide 1: SkiStar AB Q2 2023/24 presentation
SkiStar AB Q2 2023/24 presentation 20 March 2024
Slide 2: Agenda
Agenda • Introduction and repetition from CMD • Q2 highlights • Q2 in numbers • Outlook- Going forward • Summary
Slide 3: Introduction
Introduction ¢ sxHistar
Slide 4: Our position
Our position As the leading holiday organiser for Scandinavia, our vision is to create memorable mountain experiences all year round 8/10 SATISFIED EMPLOYEES 8/10 SATISFIED GUESTS 4,516 NET SALES MSEK (LTM Feb 24) 76% HAVE PURCHASED/ DOWNLOADED THEIR SKIPASS DIGITALLY 92% HAVE CHECKED IN DIGITALLY T
Slide 5: Our foundation
Our foundation PEOPLE & CULTURE SUSTAINABILITY SAFE & SECURE
Slide 6: Strategic framework
Strategic framework SUSTAINABILITY BUSINESS DEVELOPMENT Mountain Property Operations Development SAFE EMPLOYEE & & CULTURE SECURE DIGITALISATION
Slide 7: One of the largest players worldwide…
One of the largest players worldwide… Country Ski company No. of ski resorts Revenue* 1 Vail Resorts, Inc 37 $2,526 million 2 Alterra Mountain Company 50+ $1,600 million 3 Compagnie des Alpes 10 $1,011 million +12 leisure parks 4 SkiStar 6 $372 million *Based on each company’s annual reports from 20
Slide 8: …and a market leader in Scandinavia
…and a market leader in Scandinavia Five of top ten mountain resorts in Scandinavia 42 % SkiStar market share* ** *Based on Skier days 2022/23, ALF and SLAO **SkiStar’s Stockholm Hammarbybacken also added in illustration 8
Slide 9: An unmatchable position in Scandinavia
An unmatchable position in Scandinavia Length of groomed slopes Ski resport Skier days SkiPass revenue (MSEK) (km) Sälen 1,806,000 493 82 Åre 1,304,000 408 191 Trysil 1,080,000 336 78 Vemdalen 853,000 244 52 Hemsedal 615,000 189 54 Branäs 590,260 128 23 Hafjell 511,000 147 44 Idre Fjäll 509,541 109
Slide 10: Leading holiday organiser for Scandinavia
Leading holiday organiser for Scandinavia Activity No. of Destination Country Skier days No. of beds No. of lifts days slopes Sälen 1,806,000 75,000 14,700 100 90 Åre 1,304,000 87,000 5,100 89 41 Trysil 1,080,000 47,000 6,400 68 31 Vemdalen 853,000 9,800 6,300 58 35 Hemsedal 615,000 10,300 4,000 53
Slide 11: Development of SkiStar's destinations
Development of SkiStar's destinations
Slide 12: International customers drive average spend
International customers drive average spend Average spend/customer with accommodation SEK 17,123 More products in the shopping basket drive average spend Average order value - Market Average number of booked products - Market FY: 2022/23
Slide 13: Financial targets
Financial targets Leverage Organic growth Operating margin Net Debt/EBITDA Dividend 6% 18 % < 2.5x 40-60 % LTM Q2 23/24 5% 16 % 1.2x 51 %
Slide 14: Q2 Summary
Q2 Summary ¢ ) sxHistar
Slide 15: Q2 Highlights - Best Q2 ever
Q2 Highligts- Best Q2 ever • Strong result driven by a high interest for skiing holidays, all destinations with very good snow conditions • Digitalization continues to grow fast with increase online visits +9% • Proven results and consumer demand even in recession - International guests increase (Da
Slide 16: First in the world, 100% fossil free destination
First in the world, 100% fossil free destination • The world's first completely fossil free ski resort • Unique pilot project towards SkiStar's climate goals
Slide 17: High digital involvement Q2
*Data analytics sources GA4, Diver, WMS High digital involvement Q2* Year 2023/24 2022/23 Change Period Q2 Q2 YoY No. of sessions SkiStar's digital platforms 15,84M 16,25M -2,5% No. of users SkiStar's digital platforms 4,44 M 4,18M +6,2% Conversion rate 2,73% 2,35% +16% High digital involvement Q2 a
Slide 18: More services/Destinations drive growth
More services/Destinations drive growth Hammarby- Åre Sälen Vemdalen Trysil Hemsedal backen Accommodation SkiPass Ski school NEWS Ski rental SkiStarshop/ NEWS Concept Store Child concept/ Valle Summer Snow Park/ Fun Ride Cross Country NEWS NEWS NEWS NEWS
Slide 19: Retail Growth FY18-23
Retail Growth FY18-23 Revenue Retail Total 350 000 300 000 250 000 200 000 150 000 100 000 50 000 - 18/19 19/20 20/21 21/22 22/23
Slide 20: Overview – Operating profit Full Year (SEK M)
Overview – Operating profit Full Year (SEK M) 1000 25% 22% 884 900 57 800 21% 20% 730 700 64 604 14% 604 600 15% 75 16% 500 174 10% 827 14% 394 400 10% 105 296 666 300 28 529 200 430 5% 289 268 100 0 0% 18/19 19/20 20/21 21/22 22/23 LTM Operating profit Operational Capital Gains Operating margin
Slide 21: Net sales per Category, Q2 2023/24 (SEK M)
Net sales per Category, Q2 2023/24 (SEK M)
Slide 22: Net sales per Category, YTD 2023/24 (SEK M)
Net sales per Category, YTD 2023/24 (SEK M)
Slide 23: Operating profit per Segment, Q2 2023/24 (SEK M)
Operating profit per Segment, Q2 2023/24 (SEK M)
Slide 24: Operating profit per Segment, YTD 2023/24 (SEK M)
Operating profit per Segment, YTD 2023/24 (SEK M)
Slide 25: Summary Q2, 2023/24 (SEK M)
Summary Q2, 2023/24 (SEK M) • Increased sales from all revenue MSEK 2023/24 2022/23 streams, organic growth +9 percent. Operating Income 2,536 2,366 • Better cost control of marketing and Net sales 2,531 2,350 repair and maintenece cost. Operating Profit 1,072 932 Profit after Tax 817 731 • Increase
Slide 26: Sustainability Results Q2
Sustainability Results Q2 D Activity & Recreation Ecosystem & Impact Dialogue & Interaction • During the period SkiStar recorded over • SkiStar launched the pilot project "Fossil Free • To strengthening our local Ski Resort" at SkiStar Stockholm communities and businesses is an 4 550 000 days of act
Slide 27: Outlook – going forward
Outlook — going forward ¢ 3 sxHistar
Slide 28: Outlook
Outlook • Historical good winter and snow conditions at all destinations • Stronger booking for easter and end of winter season compared to previous year • Ramping up for summer as soon as winter closes down • Continuous work to attract more international guests • Property department focus on develo
Slide 29: Object nights W2324 acc w
Object nights W2324 acc w 10 Spring/Easter w 11-18 +13%
Slide 30: Develop land areas in-house
Develop land areas in-house Consumption effect through SkiStar's product and service - Rental income offerings from accommodation - Rental income from business Development of areas apartments for sale or commercial Sale of planned areas for rent land (Skiab) or develop ourselves Planning of owned ra
Slide 31: Increase pace of develop land areas into completed detailed plans - update March 2024
Increase pace of develop land areas into completed detailed plans - update March 2024 Every completed detailed plan corresponds to a market value between 2,000 – 20,000 SEK/sq m building area Divided by plan process Building area, square meters, (m2) Divided by destiation Square meter Completed deta
Slide 32: Together for white winters
Together for white winters 32
Slide 33: Fantastic winter conditions on our destinations
Fantastic winter conditions on our destinations 33
Slide 34: SkiStar destinations
sHistar Sdlen VEMDALEN ARE HEMSEDAL TRYSIL STOCKHOLM
Slide 35: Disclaimer
Disclaimer This presentation has been prepared by SkiStar AB (publ) (the “Company”) solely for use at this presentation and it is furnished to the recipients solely for their information. It may not be reproduced or redistributed, in whole or in part, to any other person. The presentation does not c
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