Slide 1: Results Presentation, Year Ended 30 June 2021
For personal use only RESULTS PRESENTATION 23 AUGUST 2021 Y E A R E N D E D 3 0 J U N E 2 0 2 1
Slide 2: Full Year Results Webcast and Dial In Details
EVENT FULL YEAR RESULTS WEBCAST AND DIAL IN DETAILS For personal use only M O N D AY 2 3 A U G U S T 2 0 2 1 2:00 PM(AEDT) Access a webcast of the briefing at: https://webcast.openbriefing.com/7730/ Alternatively you may dial in to the briefing by pre-registering at https://s1.c-conf.com/diamondpass
Slide 3: Overview: H2 Turnaround – Positive Full Year EBITDA
O V E RV I E W H2 TURNAROUND – POSITIVE FULL YEAR EBITDA For personal use only When Government restrictions are lifted, demand returns. • Government mandated restrictions severely impacted H1, when restrictions eased in H2 there were signs of demand at pre-COVID 19 levels. • 80% of cinemas opened in
Slide 4: Mitigating the COVID-19 Impact, Year Ended June 2021
MITIGATING THE COVID-19 IMPACT YEAR ENDED 30 JUNE 2021 For personal use only NORMALISED EBITDA COVID-19 Response +85% COVID-19 Impact - 45% YoY 1. Normalised EBITDA is profit before depreciation, amortisation, the impact of AASB 16 Leases, interest, tax and individually significant items. Normalised
Slide 5: Mitigating the COVID-19 Impact, March 2020 to June 2021
MITIGATING THE COVID-19 IMPACT C O V I D - 1 9 P E R I O D : M A R C H 2 0 2 0 TO J U N E 2 0 2 1 For personal use only NORMALISED EBITDA COVID-19 Response +67% COVID-19 Impact - 66% 1. Normalised EBITDA is profit before depreciation, amortisation, the impact of AASB 16 Leases, interest, tax and ind
Slide 6: Overview: Strong Position to Weather the Current Lockdown
O V E RV I E W S T R O N G P O S I T I O N TO W E AT H E R T H E C U R R E N T L O C K D O W N For personal use only Strong progress on future growth initiatives • Hotel network expansion, Cinema of the Future strategy exceeding expectations, Thredbo growth strategy on track. • Good progress on majo
Slide 7: FY Results Overview
FY 21 RESULTS OVERVIEW YEAR YEAR Revenue $653m, down 45.4% (excl. government subsidies) ENDED ENDED due to COVID-19 restrictions. H2 revenue up 12.8% on H2. 2H VS 1H JUN-20 H1 H2 JUN-21 VARIANCE For personal use only $000 $000 $000 $000 $000 Entertainment Australia 22,162 (18,943) 15,663 (3,280) +$3
Slide 8: Property
For personal use only PROPERTY
Slide 9: Property: Portfolio Increases to $2.1 Billion
PROPERTY D E S P I T E S A L E S O F $ 7 9 . 6 M , P O RT F O L I O I N C R E A S E S TO $ 2 . 1 B I L L I O N For personal use only YEAR ENDED 30 JUNE 2020 2021 VARIANCE Revenue ($000) 18,467 21,919 +18.7% Fair value adjustments ($000) (1,650) 6,950 Normalised PBIT ($000) 6,354 14,003 +120.4% Indep
Slide 10: George Street
525 GEORGE STREET For personal use only TARGET COMMENCEMENT DATE FY23/24 810m2 retail space | 335 Hotel rooms | 109 Apartments | 5 Cinema screens | 165 car parking spaces
Slide 11: 458-472 George Street
458-472 GEORGE STREET For personal use only TARGET COMMENCEMENT DATE FY25/26 QT extension with 72 rooms | 821m2 conference centre | Rooftop Bar | 106m2 of retail space | 33 office floors | 34,000m2 commercial office space
Slide 12: Hotels and Resorts
For personal use only HOTELS AND RESORTS
Slide 13: Hotels & Resorts
HOTELS & RESORTS For personal use only YEAR YEAR ENDED ENDED VARIANCE Material mandated COVID-19 trading restrictions. $000 JUN 2020 H1 H2 JUN 2021 2H V 1H Revenue 277,573 86,630 116,099 202,729 +34.0% Strong market share of a limited market; revenue down 27% on prior year. EBITDA 61,022 11,349 22,1
Slide 14: Key Statistics by Brand
KEY STATISTICS BY BRAND For personal use only RY D G E S YEAR YEAR ENDED ENDED VARIANCE JUN 2020 H1 H2 JUN 2021 2H V 1H All brands demonstrated strong growth in H2. Occupancy 68.3% 38.3% 54.8% 46.7% +16.5% Average room rate $151 $140 $152 $147 +8.6% Peak weekly occupancy; Rydges (68.6%), QT (80.2
Slide 15: Strengthened & Expanded Network of Hotels
STRENGTHENED & EXPANDED NETWORK OF HOTELS For personal use only QT AUCKLAND – OPENED OCT 2020 RYDGES GOLD COAST AIRPORT – OPENED OCT 2020 ATURA WELLINGTON - OPENED FEB 2021 QT NEWCASTLE – OPENING 2022 RYDGES FORMOSA GOLF RESORT – OPENED DEC 2020 QT PARRAMATTA – OPENING 2024 RYDGES PORT ADELAIDE – OP
Slide 16: Independent Collection Grows Hotels / 1,911 Rooms
INDEPENDENT COLLECTION GROWS 13 HOTELS / 1,911 ROOMS J O I N E D B Y J U N E 3 0 J O I N I N G I N F Y 2 2 For personal use only O R I G I N A L YARRA VALLEY LODGE THE HERMITAGE HOTEL, NZ (2018) THE TANK STREAM, SYDNEY (JULY 2020) THE TERRACE HOTEL, ADELAIDE HOTELMOTEL, ADELAIDE THE PARK HOTEL, BRIS
Slide 17: Pre Refurbishment of Pool / Rooftop Space
For personal use only PRE REFURBISHMENT OF POOL/NO POOL BARAR OF PRE REFURBISHMENT U N U S E D R O O F TO P S PA C E EVENT HOSPITALITY & ENTERTAINMENT
Slide 18: Pre Refurbishment: Rooms, Suites, Conference Spaces
For personal use only PRE REFURBISHMENT PRE REFURBISHMENT ROOMS AND SUITES CONFERENCE SPACES PP RR EE RR EE FF UU RR BB II SS H HM M EE N N TT PRE REFURBISHMENT RU O O F T O P NUSED ROOFTOP SPACEP O O L UNUSED ROOFTOP SPACE EVENT HOSPITALITY & ENTERTAINMENT
Slide 19: Jucy Snooze Auckland and Miss Lucy's Co-living
For personal use only 70 ENSUITES JUCY SNOOZE AUCKLAND, Q3 FY22 37 DOUBLE ROOMS MISS LUCY’S – CO-LIVING SPACE 190 PODS EVENT HOSPITALITY & ENTERTAINMENT
Slide 20: Thredbo
For personal use only THREDBO
Slide 21: Thredbo: New Business Model Underpins Strong Result
THREDBO NEW BUSINESS MODEL UNDERPINS STRONG RESULT For personal use only YEAR ENDED 30 JUNE 2020 2021 VARIANCE WINTER MONTHS 2020 2021 VARIANCE Revenue ($000) 73,914 78,659 +6.4% Revenue ($000) 60,344 55,853 -7.4% EBITDA ($000) 24,865 29,775 +19.7% EBITDA ($000) 27,803 28,494 +2.5% Normalised PBIT (
Slide 22: Entertainment
For personal use only E N T E R TA I N M E N T
Slide 23: Entertainment Australia
ENTERTAINMENT AUSTRALIA EBITDA was positively impacted by active cost For personal use only YEAR YEAR ENDED ENDED VARIANCE management of $46.8 million. JUN 2020 H1 H2 JUN 2021 2H V 1H Admissions (000) 13,627 2,347 4,529 6,876 93.0% Enhanced customer satisfaction, net promoter scores up 9 points. Rev
Slide 24: Strong Blockbuster Box Office When Cinemas Are Open
Strong blockbuster box office when cinemas are open All customer segments have returned to cinemas 22%22% $30,000 21% 19% 20% $25,000 July 2019 - June 2020 18% For personal use only $20,000 July 2020 - June 2021 14% $15,000 13% Box Office 000's 11% 10% $10,000 $5,000 7% 7% $- 4% 4% Gozilla: King of
Slide 25: Mandated Restrictions Disrupted FY21
MANDATED RESTRICTIONS DISRUPTED FY21 For personal use only EVENT HOSPITALITY & ENTERTAINMENT
Slide 26: Entertainment New Zealand
ENTERTAINMENT NEW ZEALAND For personal use only YEAR YEAR ENDED ENDED VARIANCE JUN 2020 H1 H2 JUN 2021 2H V 1H Admissions (000) 3,610 837 1,219 2,056 +45.6% Revenue ($000) 68,709 17,026 24,644 41,670 +44.7% EBITDA ($000) 2,567 (4,348) 1,228 (3,120) PBIT ($000) (4,389) (8,217) (2,886) (11,103) NZ mar
Slide 27: Entertainment Germany
ENTERTAINMENT GERMANY For personal use only YEAR YEAR ENDED ENDED JUN 2020 H1 H2 JUN 2021 Admissions (000) 9,834 1,014 3 1,017 Revenue (€000) 150,020 20,202 34,655 54,857 EBITDA (€000) (5,117) (26,372) 5,299 (21,073) PBIT (€000) (12,228) (29,392) 2,691 (26,701) German cinemas were restricted or clos
Slide 28: FY22 Strong Film Line-Up
FY22 STRONG FILM LINE-UP R E L E A S E D AT E S R E M A I N S U B J E C T TO C H A N G E For personal use only EVENT HOSPITALITY & ENTERTAINMENT
Slide 29: FY22 Strong Film Line-Up: Germany
FY22 STRONG FILM LINE-UP: GERMANY R E L E A S E D AT E S R E M A I N S U B J E C T TO C H A N G E For personal use only EVENT HOSPITALITY & ENTERTAINMENT
Slide 30: FY22 H1 Outlook
FY22 H1 OUTLOOK TRADE DEPENDS ON GOVERNMENT LIFTING RESTRICTIONS For personal use only • Cannot provide outlook given current COVID-19 lockdowns. • AU & NZ materially impacted in H1, Germany expected to outperform prior year, subject to Government restrictions. • Timing of recovery depends on Govern
Slide 31: Recovery Period: Strategic Priorities
RECOVERY PERIOD: STRATEGIC PRIORITIES For personal use only 1. GROW REVENUE ABOVE MARKET ENHANCED AGILE COVID-SAFE EXPERIENCE BUSINESS MODELS & OPERATIONS INNOVATION BRANDS 2. MAXIMISE ASSETS DIVESTMENT OF TARGETED INVESTMENT IN PROGRESS MAJOR NON-CORE ASSETS CORE ASSETS DEVELOPMENTS 3. BUSINESS TRA
Slide 32: Non-IFRS Financial Information
NON-IFRS FINANCIAL INFORMATION For personal use only 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. T