Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q4 FY2019 Earnings Presentation
26 slides from Wonderla Holidays's earnings presentation, May 16, 2019
Slide 1: Q4 & FY19 Result Update
Q4 & FY19 RESULT UPDATE May 2019
Slide 2: Agenda
• Q4 & FY19 RESULT HIGHLIGHTS • Q4 & FY19 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q4 & FY19 Result Highlights
Q4 & FY19 RESULT HIGHLIGHTS Q4 FY19 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 28.0% 29% 11.5% 6.7% 606.5 549.6 168.7 178.7 134.7 153.3 25.2 % 69.9 10.4 % 16.6 % 36.8 89.9 % Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 Q4 FY18 Q4 FY19 PAT Cash PAT PAT Margin % FY19 YoY Analy
Slide 4: Q4 FY19 Result Highlights
Q4 FY19 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q4 FY19 revenue from operations increased by 10.4% YoY from Rs 549.6 mn to Rs 606.5 mn driven by 6.8% growth in footfall ▪ For Q4 FY19 , ticket revenue grew by 8.82% YoY and non ticket revenue grew by 14.1% YoY • Bangalore Park witnessed a growth of 10% i
Slide 5: Q4 & FY19 Revenue Analysis
Q4 & FY19 REVENUE ANALYSIS In Rs Mn SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 549.2 605.8 2,704.9 2,818.1 549.6 606.5 2,705.9 2,820.4 4.3% 4.9% 4.0% 4.1% 25.3% 25.3% 23.9% 22.0% 23.8% 26.8% 27.7% 27.8% 28.3% 27.6% 29.9% 25.0% 74.7% 74.7% 76.1% 78.0% 39.7% 39.7% 42.3% 44.1% Q4 FY18 Q4 FY19 FY18 FY19 Q4
Slide 6: Q4 & FY19 Revenue Analysis
Q4 & FY19 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 1,044 1,072 959 984 800 803 710 723 2.6 % 2.7 % 1.8 % 0.3% Q4 FY18 Q4 FY19 FY 18 FY 19 Q4 FY18 Q4 FY19 FY 18 FY 19 AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs) BREAK-UP OF NON
Slide 7: Bangalore Park
BLA BANGALORE PARK
Slide 8: Portfolio Update – Amusement Park, Bangalore
PORTFOLIO UPDATE – AMUSEMENT PARK, BANGALORE • Launched in 2005 by the name ‘Wonderla’ • Wonderla Bangalore is located off the Bangalore-Mysore highway, 28 km from Central Bangalore • Situated on 81.75 acres of land with 62 land and water based attractions and other allied facilities • 5 restaurants
Slide 9: Bangalore Park – Revenue & Footfall Analysis
BANGALORE PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 932 898 826 824 279 273 274 0.2 % 3.6 % 0.5 % 8.5 % 257 Q4 FY18 Q4 FY19 FY18 FY19 Q4 FY18 Q4 FY19 FY18 FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGI
Slide 10: Portfolio Update – Wonderla Resort, Bangalore
PORTFOLIO UPDATE – WONDERLA RESORT, BANGALORE • Three Star leisure resort attached to the amusement park; launched in March 2012 • The resort has 84 luxury rooms • The resort also has 4 banquet halls / conference rooms, totalling 8,900 sq. ft. with a capacity to hold 800 guests and a well-equipped b
Slide 11: Kochi Park
KOCHI PARK
Slide 12: Portfolio Update – Amusement Park, Kochi
PORTFOLIO UPDATE – AMUSEMENT PARK, KOCHI • Launched in 2000 by the name ‘Veegaland’ and operating under the name ‘Wonderla’ since April 2008 • Situated on 93.17 acres of land, and currently occupying 28.75 acres for 56 land and water based attractions and other allied facilities • 6 restaurants offe
Slide 13: Kochi Park – Revenue & Footfall Analysis
KOCHI PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 704 694 630 638 231 238 216 214 1.2 % 1.4 % 6.8 % 11 % Q4 FY18 Q4 FY19 FY18 FY19 Q4 FY18 Q4 FY19 FY18 FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWIS
Slide 14: Hyderabad Park
HYDERABAD PARK
Slide 15: Portfolio Update – Amusement Park, Hyderabad
PORTFOLIO UPDATE – AMUSEMENT PARK, HYDERABAD • Launched in April 2016 by the name ‘Wonderla’. • Situated on 49.5 acres of land, and currently occupying 27.0 acres for 44 land and water based attractions and other allied facilities. • 4 restaurants offering various cuisines, all of which are operated
Slide 16: Hyderabad Park – Revenue & Footfall Analysis
HYDERABAD PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 733 776 660 691 278 268 290 255 4.7 % 5.9 % 8.9 % 8.2 % Q4 FY18 Q4 FY19 FY18 FY19 Q4 FY18 Q4 FY19 FY18 FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGI
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q4 FY19 Q4 FY18 YoY % FY19 FY18 YoY % Sale of Services 452.3 410.0 10.3% 2,144.2 2,109.6 1.6% Sale of products 153.5 139.2 10.3% 673.9 595.4 13.2% Other Operating Revenue 0.8 0.4 110.7% 2.3 0.9 145.2% Total Revenue from Operations 606.5 549.6 10.4% 2,82
Slide 18: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET EQUITY AND LIABILITIES March 2019 March 2018 ASSETS March 2019 March 2018 Equity Non-current assets Equity share capital 565.1 565.0 Property, plant and equipment 7,981.4 8,281.4 Other equity 7,620.2 7,161.2 Capital work-in-progress 338.0 154.9 8,185.3 7,726.2 Intangible A
Slide 19: Company Overview – About Us
COMPANY OVERVIEW – ABOUT US • One of the largest amusement park operators in India with over 19 years of successful operations. Management has operational experience in the amusement park industry for over a decade • The promoters launched the first amusement park in 2000 in Kochi under the name Vee
Slide 20: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE Share Price Performance Market Data May 2019 Market capitalization (Rs Mn) 16,879.2 400 375 Price (Rs.) 298.7 CMP Rs. 298.7 350 325 No. of shares outstanding (Mn) 56.5 300 275 Face Value (Rs.) 10 250 52 week High-Low (Rs.) 378 - 258 % Shareholding – March 20
Slide 21: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 18 yrs in the industry • 13+ yrs in the industry ARUN KOCHOUSEPH KOCHOUSEPH CHITTILAPPILLY • Founded V-Guard Industries Ltd., a publicly • Holds a masters degree in industrial CHITTILAPPILLY PROMOTER AND listed company since 2008 and is curre
Slide 22: Company Overview – Understanding the Wonderla Advantage
COMPANY OVERVIEW – UNDERSTANDING THE WONDERLA ADVANTAGE KEY CONCERNS ON SCALABILITY WONDERLA ADVANTAGE • In-House Design Capability for the Amusement Park HIGHLY CAPITAL • In-House Ride Manufacturing Facility in Kochi INTENSIVE BUSINESS • Manufactured / constructed 42 rides / attractions in-house •
Slide 23: Company Overview – Sustainable Competitive Advantages
COMPANY OVERVIEW – SUSTAINABLE COMPETITIVE ADVANTAGES OVER A DECADE OF OPERATIONAL PROXIMITY TO CITY WITH AMPLE LAND EXPERIENCE AND BRAND EQUITY AVAILABLE FOR FUTURE DEVELOPMENT • 19+ yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acre
Slide 24: Company Overview – Future Growth Strategy
COMPANY OVERVIEW – FUTURE GROWTH STRATEGY SCALABILITY – EXPANSION THROUGH SETTING • Currently in process of Construction of Project in Chennai as well as identifying potential NEW AMUSEMENT PARKS opportunities for setting up new parks in other key geographies FOCUS ON IMPROVISING EXISTING PARKS TO •
Slide 25: Company Overview – Global Ranking and Recognition
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION Wonderla parks in Bangalore, Kochi and Hyderabad were ranked at #2, #3 and #8 in India by Tripadvisor Wonderla Bangalore ranked 7th Best and Wonderla Kochi ranked 11th Best in Asia. 25
Slide 26: For Further Queries
FOR FURTHER QUERIES - Mr. Jacob Kuruvila Nachiket Kale / Nilesh Dalvi CFO IR Consultant Email – jacob@wonderla.com Dickenson IR Contact No : +91 9920940808 / 9819289131 Email – nachiket.kale@dickensonir.com nilesh.dalvi@dickensonir.com Disclaimer This presentation and the following discussion may co