Slide 1: Results presentation – half year ended 31 December 2024
For personal use only Results presentation Released 24 February 2025 Half year ended 31 December 2024
Slide 2: Webcast and dial-in details
For personal use only 12:30pm (AEDT) 24 February 2025 Webcast Access a webcast of the briefing at https://webcast.openbriefing.com/evt-hyr-2025/ Dial-in Pre-register at https://s1.c-conf.com/diamondpass/10044858-w7hr43.html After pre-registering you will receive details for the telephone number to c
Slide 3: 1H Overview
1H Overview 1H Revenue marginally down, 1 1H Rev $649.1m, -1.5% PY Hotels Revenue +2.0%, performed better 2 1H EBITDA $99.6m, +3.7% PY Record Hotels EBITDA $52.8m, +10.9% PY. For personal use only than fair market share. normalised EBITDA growth Record December for Entertainment could Entertainment
Slide 4: 1H Overview – normalised EBITDA by segment
1H Overview Half year ended 31 December 2023 $000 2024 $000 VARIANCE $000 Entertainment Australia 23,903 23,021 (882) New Zealand 1,492 (813) (2,305) For personal use only Germany 11,551 9,227 (2,324) Growth for Hotels, normalised Property | VENTURES | TRAVEL EBITDA +10.9% Property 3,608 5,168 1,560
Slide 5: Entertainment
5 For personal use only Entertainment
Slide 6: Entertainment Group Overview
Entertainment Group Overview For personal use only Strike impact on film supply in 1H – Half year ended 5 weeks with record low admissions 31 December | VENTURES | TRAVEL due to no blockbuster films. 2023 2024 VAR Admissions1 (000) 13,185 12,090 -8.3% Revenue -3.7% and EBITDA - 14.9% Revenue2 ($000)
Slide 7: Entertainment Australia, New Zealand and Germany
Entertainment Australia Group Overview Half year ended 31 December 2023 2024 VAR Admissions1 (000) 6,298 5,880 -6.6% For personal use only Revenue2 ($000) 198,830 196,568 -1.1% Admissions impacted by strike EBITDA3 ($000) 23,903 23,021 -3.7% related film supply disruption – PBIT4 ($000) 11,949 11,01
Slide 8: Entertainment December Highlights
Entertainment December Highlights Australia – December For personal use only -23.5% +30.8% AU/NZ record December despite | VENTURES | TRAVEL lack of action films and dominance of family films – Admits up ~25% and EBITDA up ~120% on PY. Admissions EBITDA Strong evidence of effectiveness of Dec-18 Dec
Slide 9: Entertainment – Strong spend continues
+6.6% Entertainment +10.5% Strong spend continues For personal use only Average Admission Price - Australia Spend Per Head - Australia TRAVEL Pre-COVID 1H19 1H24 1H25 Pre-COVID 1H19 1H24 1H25 +0.1% | | VENTURES Record revenue metrics. +9.6% Premium is performing above E V T | ENTERTAINMENT expectati
Slide 10: Ventures
10 For personal use only Ventures
Slide 11: Property & Development
Property & Development Property Assets Priority Hotel Projects For personal use only Focussed hotel property Rydges Queenstown Stage 1 East ~$2.3 billion property value - a portfolio, recycle capital for hotel Wing underway, impact in Q4. QT | VENTURES | TRAVEL 15% increase since 2019, despite growt
Slide 12: Property & Development – George & Market St precinct
Property & Development George & Market St precinct For personal use only 525 George Street Current use as part of the George Street Includes QT Sydney, State Theatre, Strategies to generate value from | VENTURES | TRAVEL cinema complex not delivering Gowings retail (strong contributors), EVT George
Slide 13: Thredbo – Travel
13 For personal use only Thredbo Travel
Slide 14: Thredbo
Thredbo For personal use only Revenue marginally down despite Half year ended worst weather conditions in ~20 31 December TRAVEL years, EBITDA impacted by 2023 2024 VAR snowmaking/grooming costs Revenue1 ($000) 63,103 61,874 -1.9% related to conditions. | EBITDA2 ($000) 22,108 19,907 -10.0% | VENTUR
Slide 15: Hotels – Travel
For personal use only Hotels Travel
Slide 16: Hotels
Hotels For personal use only Record H1 Revenue and EBITDA. Half year ended 31 December | VENTURES | TRAVEL 2023 2024 VAR Revenue1 ($000) 202,949 207,101 +2.0% All brands exceeding fair share. EBITDA2 ($000) 47,629 52,820 +10.9% PBIT3 ($000) 31,599 36,959 +17.0% NZ market continues to be 1. Normalise
Slide 17: 1H Hotels joining the network
1H Hotels joining the network For personal use only QT Singapore Rydges Ringwood The Alex Hotel Perth Sherwood Queenstown E N T E R TA INM E N T | V E N T U R E S | T R AV EL 17
Slide 18: Hotels Overview by brand
Overview For personal use only Rydges Rates maintained around record Half year ended 31 December 2023 2024 VAR | VENTURES | TRAVEL levels. Occupancy 76.4% 81.0% +4.6% Average room rate ($) $198 $201 +1.8% Occupancy approaching pre- Revpar ($) $151 $163 +7.9% COVID levels, driving revpar growth. QT E
Slide 19: Hotel portfolio and EVT brands
85 hotels (+3) 12,637 rooms (+258) net portfolio growth in the half year ended 31 December 2024 For personal use only EVT BRANDS 11 hotels | 1659 rooms 45 hotels | 7946 rooms 5 hotels | 663 rooms 4 hotels | 210 rooms + 610 pods LUXURY BUDGET INDEPENDENT COLLECTON 4 hotels | 316 rooms 9 hotels | 861
Slide 20: Hotel growth structures, from capital intensive to asset light
Hotel growth structures, from capital intensive to asset light For personal use only Own Partner /Invest Manage Licence Own key city Partner/JV or Equity Grow hotels under Leverage brand locations that stakes to secure long management – EVT strength with licence support asset-light tenure management
Slide 21: Hotel Upgrades
Hotel Upgrades Completed In progress For personal use only Rydges North Sydney Rydges Australia Square Rydges Queenstown Atura Adelaide QT conversion additional ‘cosy rooms’ Rydges Port Macquarie Pensione Perth Rydges Kalgoorlie rooms extension E N T E R TA INM E N T | V E N T U R E S | T R AV EL 21
Slide 22: Future growth pipeline secured to date
Future growth pipeline secured to date FY26 FY27 FY28 For personal use only Ivory Lane Brisbane Rydges Resort LyLo Gold Coast Atura Oran Park Wailoaloa Beach (owned) Sydney Fiji QT Parramatta Rydges Tauranga LyLo Fremantle NZ (owned) E N T E R TA INM E N T | V E N T U R E S | T R AV EL 22
Slide 23: EVT Group Strategic Framework
EVT Group Strategic Framework For personal use only | VENTURES | TRAVEL E V T | ENTERTAINMENT Grow revenue above market Maximise assets Business transformation 1. Enhance brands & products 1. Upgrade core hotel assets 1. Elevate engagement 2. Enhance pricing models 2. Divest non-core assets 2. Envir
Slide 24: H2 Outlook
H2 Outlook For personal use only | VENTURES | TRAVEL Overall, expect H2 Entertainment Hotels Thredbo modestly ahead of PY – subject to weather and Expecting modest H2 Revpar driven by Summer relatively growth for Entertainment occupancy growth. consistent with pcp. film performance on PY, subject to
Slide 25: H2 view of blockbuster releases
H2 view of blockbuster* releases H2 Box Office driven by superheroes and family content JANUARY FEBRUARY MARCH APRIL MAY JUNE 2 For personal use only 0 | VENTURES | TRAVEL 2 4 E V T | ENTERTAINMENT 2 0 2 5 *Michael (shifted to October) 25 * Filmsexpectedtogrossover$15millionattheAustralianboxoffice,
Slide 26: FY26 blockbuster line-up
FY26 blockbuster line-up Films expected to gross over $15 million at the Australian box office For personal use only JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE TRAVEL | | VENTURES E V T | ENTERTAINMENT 26
Slide 27: H2 Outlook
H2 Outlook For personal use only | VENTURES | TRAVEL Overall, expect H2 Entertainment Hotels Thredbo modestly ahead of PY – subject to weather and Expecting modest H2 Revpar driven by Summer relatively growth for Entertainment occupancy growth. consistent with PY. film performance on PY, subject to
Slide 28: Thank you
The EVT 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. These measures are used internally by management to asse