Compagnie Des Alpes Sa · EURONEXT:CDA

Compagnie Des Alpes Sa — H1 FY2015/2016 Earnings Presentation

19 slides from Compagnie Des Alpes Sa's earnings presentation, May 24, 2016

  1. Slide 1: First Half Results for FY 2015/2016

    FIRST HALF RESULTS FOR ©Ph.Royer FY 2015/2016 May 24, 2016 ©C_h._Cussot

  2. Slide 2: Contents

    ©JL Audy, D Laming CONTENTS 1. First half operating highlights 2. First half results 3. Outlook & Strategy 2 2015/2016 half year results

  3. Slide 3: 1st Half of FY 2015/2016: Further growth in earnings

    1ST HALF OF FY 2015 / 2016 Further growth in earnings confirms rising strength of model er er er 1 Sem 1 Sem 1 Sem (En M€) 15/16 14/15 14/15 Var. % pro forma Var. % Comptable Comptable Chiffre d’affaires 443,7 417,9 6,20% 421 5,40% EBO Métier* 165,0 151,1 9,20% 147,4 11,90% EBOM/CA 37,20% 36,10% +11

  4. Slide 4: Operating highlights

    1ST HALF OF FY 2015/2016 Operating highlights Sustained increase in Ski Area revenues: +5.6% Double-digit revenue growth in Leisure Destination sales during the period for the 3rd year in a row Projects underway in China and discussions on the Jardin d’acclimatation Tighter organization, an improved

  5. Slide 5: First half operating highlights

    ©N.Lafay 1 First half operating highlights Ski Areas Leisure Destinations International Development 5 2015/2016 half year results

  6. Slide 6: Ski Areas: Growth in skier days and greater resilience

    SKI AREAS Growth in skier days and greater resilience Change in sales at end of period 450 Staff expertise and continuous development of 400 + 3% 350 differentiating know-how 300 250 200 150 100 Sustained investment efforts 50 0 Initiatives aimed at boosting accommodation and distribution 0,02 2015/

  7. Slide 7: Leisure Destinations: Steady and spectacular growth

    LEISURE DESTINATIONS Steady and spectacular growth for the 3rd year in a row 200 +10.1% 70 3 principal drivers: 180 +10.9 % 60 160 Development of growth levers 140 +12.5 % 50  Yield management  Events 120 40  In-park sales 100 30 Targeted and relevant investments 80 60 supporting future growth, b

  8. Slide 8: International Development: A credible and recognized player

    INTERNATIONAL DEVELOPMENT A credible and recognized player Concept Construction Launch Operating Site positioning Operation elaboration assistance preparation assistance Eastern Europe China, Japan and South Korea Master plan and design of an Assistance for the opening of indoor and the Thaiwoo reso

  9. Slide 9: First half results

    2 First half results Presentation by business unit Focus on park disposals Update on the financial structure 9 2015/2016 first half results

  10. Slide 10: Income Statement: Ski Areas

    INCOME STATEMENT Ski Areas er er 1 Sem 1 Sem (En M€) A highly 15/16 14/15 Var. % Chiffre d’affaires 363,7 344,4 5,60% seasonal business: 90% Journées skieurs (en M) 12,41 12,12 2,40% of annual sales EBO 187,3 169,9 10,20% on average but EBO/CA 51,50% 49,30% +220 bps 70% of costs Investissements nets

  11. Slide 11: Income Statement: Leisure Destinations

    INCOME STATEMENT Leisure Destinations 1er Sem 1er Sem 1er Sem (En M€) 15/16 14/15 Var. % 14/15 Var. % A seasonal pro forma pro forma Comptable Comptable business: 20% Chiffre d’affaires 77,4 70,3 10,10% 73,4 5,40% of annual sales Visiteurs (en M) 2,051 1,953 4,90% 1,953 4,90% on average, EBO -17,7 -

  12. Slide 12: Income Statement: International Development

    INCOME STATEMENT International Development 1er Sem 1er Sem (En M€) 15/16 14/15 Var. % Chiffre d’affaires 2,58 3,06 -15,50% EBO -4,59 -0,9 NA Investissements nets 6,23 4,47 +1,76 M Sales:  Positive contribution from Grévin international  Consulting business down; contract timing EBITDA: Start-up co

  13. Slide 13: Income Statement: Group

    INCOME STATEMENT Group er er er 1 Sem 1 Sem 1 Sem (En M€) 15/16 14/15 Var. % 14/15 Var. % pro forma pro forma Comptable Comptable Chiffre d’affaires 443,7 417,9 6,20% 421 5,40% EBO métier* 165 151,1 9,20% 147,4 11,90% EBOM/CA 37,20% 36,10% +BP110 35,0% +220 bp EBO 152,7 139,4 9,60% 135,6 12,60% EBO/

  14. Slide 14: Financial structure

    INCOME STATEMENT Financial structure 1er Sem 1er Sem (En M€) 15/16 14/15 Var. % Comptable Comptable Capacité 115,2 103,7 11,04% d’autofinancement Investissements -96,16 -72,12 33,30% industriels nets Autofinancement 19,04 31,58 -39,70% disponible FCF Op.* 62,5 70,7 -11,66% Dette nette 265,0 272,2 -2

  15. Slide 15: Outlook & Strategy

    © Yann Deret 3 Outlook & Strategy 2015/2016 outlook Strategic challenges 15 2015/2016 first half results

  16. Slide 16: Outlook FY 2015/2016

    OUTLOOK FY 2015/2016 SKI AREAS – Annual sales growth of more than 3% vs. 2014/2015 expected – EBITDA margin in line, percentage-wise, with 2014/2015 LEISURE DESTINATIONS – At this stage, second half is positively trending – Investments in every park to increase appeal – EBITDA and ROCE guidance conf

  17. Slide 17: Strategy: A reaffirmed ambition

    STRATEGY A reaffirmed ambition Continue and expand development in our historic businesses – A growth oriented business model  Proven growth potential at historic leisure facilities (+ accommodation)  In ski area facilities, a solid cash generating base Our priority: step up the pace of internation

  18. Slide 18: Upcoming press releases

    UPCOMING PRESS RELEASES July 21, 2016 FY 2015/2016 9-month sales October 20, 2016 FY 2015/2016 annual sales 18 2015/2016 half year results

  19. Slide 19: Questions

    ©andyparant.com QUESTIONS 19 Résultats 1er semestre 2015/2016

Compagnie des Alpes — H1 FY2015/2016 Earnings Presentation on 6ix