Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — Jetset Travelworld — H1 2012 Earnings Presentation
15 slides from Helloworld Travel's earnings presentation, 2012
Slide 1: 2012 Half Year Results
The Jetset Travelwerld Group ~ 2012 Half Year Results
Slide 2: Peter Lacaze, Chief Executive Officer
Peter Lacaze Chief Executive Officer
Slide 3: Highlights
Highlights Profit before tax increased 157% to $16.5 million Profit after tax attributable to members of Jetset Travelworld Limited (JTL) increased 738% to $11.2 million Earnings per share of 2.55c increased 522% An interim dividend of 1.1 cents per share, fully franked, will be paid on 2 Ap
Slide 4: Business Profile
Business Profile Franchisees, Members and Affiliates: 2,092 Employees: 2,485 Countries: 8 Oxford UK 10 Employees NORTH AMERICA 72 Employees Los Angeles Hanoi ASIA 83 Employees Siem Reap Phnom Penh Ho Chi Minh City FIJI 241 Employees Fiji Johannesburg Brisbane Perth Sydney Adelaid
Slide 5: Brand and Business Overview
Brand and Business Overview Online Trading Businesses 5
Slide 6: Merger Update
Merger Update IT separation project completed on time and within budget All other merger integration projects completed – now “business as usual” Continued stability in retail network numbers Merger cost synergies have been realised Escrow period for major shareholders expired on 31 Decemb
Slide 7: Business Combination Pro-forma Results – 1H
Business Combination Pro-forma Results – 1H 1H12 1H11(1) Change $m $m % Total Transaction Value (TTV) 2,814.1 2,844.2 ‐1% Revenue 187.5 193.5 ‐3% Operating expenses (162.4) (170.2) ‐5% Adjusted EBITDAI(2) 25.1 23.3 +7% Profit before tax 16.5 2.1 +687% TTV result reflects lower international sellin
Slide 8: Elizabeth Gaines, Chief Financial Officer
Elizabeth Gaines Chief Financial Officer
Slide 9: Half-year Result
Half-year Result 1H12 1H11(1) Change $m $m % Total Transaction Value (TTV) 2,814.1 2,213.6 +27% Revenue 187.5 151.9 +23% Adjusted EBITDAI (2) 25.1 17.8 +41% Profit before tax 16.5 6.4 +157% Profit after tax attributable to members 11.2 1.3 +738% 1H12 1H11(1) Change Cents Cents % Earnings per share 2
Slide 10: Retail Segment
Retail Segment 1H12 1H11(1) Change $m $m % Total Transaction Value (TTV) 1,998.9 1,696.9 +18% Revenue 101.8 87.8 +16% Operating expenses (68.4) (65.4) +5% Adjusted EBITDAI 33.3 22.4 +49% Retail Segment performance driven by a 10% surge in outbound departures during calendar year 2011 The number
Slide 11: Wholesale Segment
Wholesale Segment 1H12 1H11(1) Change $m $m % Total Transaction Value (TTV) 439.5 283.5 +55% Revenue 58.1 43.6 +33% Operating expenses (52.4) (38.5) +36% Adjusted EBITDAI 5.7 5.1 +12% Margin of Revenue to TTV for the Wholesale Segment was 13.2% compared to 15.4% for the prior period as a result of
Slide 12: Travel Management Segment
Travel Management Segment 1H12 1H11(1) Change $m $m % Total Transaction Value (TTV) 375.7 233.2 +61% Revenue 24.7 16.8 +47% Operating expenses (25.4) (16.4) +55% Adjusted EBITDAI (0.7) 0.4 ‐ QBT underwent a significant transition of its Amadeus transacting system during the half Trading under th
Slide 13: Balance Sheet
Balance Sheet Dec‐11 June‐11 $m $m Cash 177.9 221.5 Debtors 115.8 133.4 Intangible assets (1) 428.6 427.7 Other non‐current assets 38.1 30.5 Current Liabilities (283.7) (347.3) Non‐current Liabilities (43.9) (29.2) Equity 432.8 436.6 (1) Intangible assets consists of: Goodwill 255.4 255.7 Franchise
Slide 14: Liquidity and Funding
Liquidity and Funding Dec‐11 Dec‐10 Jun‐11 $m $m $m Total Facility available 80.7 80.9 81.4 Drawn Debt (28.6) (34.5) (25.2) Multi‐option Facilities (including bank guarantees) (19.5) (12.4) (14.7) Headroom 32.6 34.0 41.5 General cash 14.0 32.2 36.6 Client cash 163.9 143.7 184.9 Total cash 177.9 175.
Slide 15: Outlook
Outlook Solid first half which benefited from merger cost synergies Demand is difficult to predict due to economic volatility. Absent any significant industry disruptions, the domestic and outbound travel market in Australia is expected to continue to grow Market growth, coupled with the full