Slide 1: Interim Results
A accesso. Interim Results 19 September 2018
Slide 2: Overview, Financials, Operational Review, Summary & Outlook
1. Overview Highlights from a positive first half 2. Financials Strong performance across the board 3. Operational Review Growth and innovation for all our markets 4. Summary & Outlook Confidence in the full year 2
Slide 3: Overview
® accesso. va © “a Overview Highlights trom a positive first half
Slide 4: Highlights
® accesso. Highlights Continuing on our growth path cal & W a%s Strong performance Increasing product Ticketing operation Geographic expansion across accesso integration brought together continues at pace portfolio under one roof 2 Re Prism gaining traction TE2 and Ingresso with key customers being
Slide 5: Financials
A) accesso. Financials Strong performance across the board
Slide 6: Financial Highlights
® accesso. Financial Highlights Positive performance across all KPIs 16.7% tT 47% t 73.6% Reported Revenue Underlying Revenue Adj. EBITDA (if IFRS 15 retrospectively applied) t 69.2% t 36.2% Adj. Operating Profit Adj. EPS
Slide 7: Income statement 1H 2018 vs 1H 2017
1H 2018 1H 2017 % of % of IFRS 15/ IAS 18 - reduction ($m) ($m) YoY % revenue revenue IFRS 15 IAS 18 in revenues and cost of Revenue 54.4 100.0% 46.6 100.0% 16.7% sales as LoQueue recognition moves from COGS (14.5) (26.7%) (19.7) (42.3%) (26.4%) gross to net • Underlying growth 47% Gross Profit 39.9
Slide 8: IFRS 15 impact on LoQueue and other revenues
LoQueue revenues: • Under IAS 18 total guest rentals reported as revenue with operators share within cost of sales • IFRS 15 - now reported on a net basis – only accesso share of revenue recorded Other revenue streams: Recognition on certain software license agreements changes but unlikely to have s
Slide 9: Impact vs IAS 18
mpact vs IAS 18 1H 2018 1H 2017 Change 1H Revenue YoY % ($m) ($m) ($m) Reported 54.4 46.6 7.8 16.7% 2017 - if restated under IFRS 15 54.4 37.0 17.4 47.0% Reported IFRS 15 Change FY 2017 IAS 18 YoY % ($m) ($m) ($m) Revenue 133.4 103.8 (29.6) (22.2%) Adj EBITDA 24.6 26.2 1.6 6.5% 9
Slide 10: Amortisation on acquired intangibles – impact of 2017 acquisitions
1H 2018 1H 2017 ($m) ($m) Operating profit 2.3 2.1 Add: Acquisition expenses - 0.7 Add: Deferred and contingent payments 1.7 0.4 Amortisation on acquired Add: Amortisation related to acquired intangibles 5.9 2.7 intangibles – impact of 2017 acquisitions Add: Share based payments 1.0 0.6 Adjusted Ope
Slide 11: 1H cash flow and net debt
1H – historically never an indicator of cash generation 1H 2018 ($m) 1H 2017 ($m) Change ($m) and traditionally represents the peak borrowing point Cash from operations (4.5) 1.0 (5.5) Includes operational outflow Fixed assets – tangible (1.0) (0.5) (0.5) of $6.7m not relevant for understanding unde
Slide 12: Development expenditure and capitalisation
Continued focus on enhancing integration, functionality and global offering of the technologies FY2018 expenditure expected to be c$30m (FY17: $20m) • Increases from 2017 acquisitions • Unification of ticketing offering Capitalisation in the period totalled $11.2m (2017: 1H:$4.8m, FY: $12.4) FY2018
Slide 13: Effective tax rate guidance
Expected FY rate of 22% used in 1H 2018 Maintain guidance of ETR on adjusted PBT of 20% - 23% in medium term 13
Slide 14: Growth and innovation for all our markets
Growth and innovation for all our markets
Slide 15: Core Markets We Serve
® accesso. Core Markets We Serve Theme Parks Zoos & Tours & Ski . Aquariums Attractions Resorts cruise /Cultural Live Water Fairs & Hotels & Entertainment/ Parks Festivals Resorts Performing Arts More to come.........
Slide 16: Product, Partnership, Results
PRODUCT RESULTS Continue to evolve our Drive results and increase product to give clients revenue for our clients what they want PARTNERSHIP TEAM Integrations to offer our Function as one team clients a one stop shop to continue being the for their technology industry leader MARKET SHARE REVENUE Foc
Slide 17: Prism trial at Six Flags Over Georgia
Following successful Prism trial at Six Flags Over Georgia, commitment from Six Flags will see 4 more sites upgraded to Prism from Qbotsm 17
Slide 18: Market Scaling
® accesso. Market Scaling Growing in verticals that share our view of the digital guest journey Live Ski Entertainment P\\ P| |sxv VIEW ZOBSERVATION SS) iFLY INDOOR SKYDIVING 18
Slide 19: Traditional Verticals
® accesso. Traditional Verticals New business momentum demonstrates core product demand Cedar Fair wan MOUs 5 z&S> Entertainment Company ENTERTAINMENTS GROUP. &- ....; So se a Passport Passport Passport + TE2 oe Situswane 5-year extension Completed Installations First joint agreement 1 Ski Combo Cli
Slide 20: Greenfield Opportunities: Establishing accesso Health
e @e@@ee ® accesso. Greenfield Opportunities Establishing accesso Health Landmark agreement signed with Henry Ford Health System accesso’ first entrance into the healthcare market Significant opportunity to dramatically increase the patient experience accesso Health division being established to add
Slide 21: Greenfield Opportunities: Breaking out in New Verticals
® accesso. Greenfield Opportunities Breaking out in New Verticals © Progress in promising hospitality vertical for the Group @& accesso ShoWare now live in four Marriott International Gaylord Hotels trom July © TE2 enters Ski space with Alterra Mountain Company
Slide 22: Summary and Outlook
® accesso. : 7 Ses ie) ! . x | ~ x Summary and Outlook Contidence in the full year
Slide 23: Growth Opportunities
Growth Opportunities Additional Increased Products to Penetration Existing Clients Most of our clients only Entry into new utilize one accesso geographies and growth solution with very few in existing geographies. using more than one. 23
Slide 24: Growth Opportunities
Growth Opportunities New/Adjacent Mergers & Vertical Markets Acquisitions Entry into new markets Continue to look for best- that can utilize our range in-class, right-fit of technology solutions. opportunities. 24
Slide 25: A strong start
® accesso. A strong start Pleasing first half of the year but work still to be done Pleased with H1 Operational base readied — Excitement for go-lives Confident in full-year performance for future growth scheduled in H2 expectations
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