Web Travel Group Limited · ASX:WEB
Web Travel — Webjet — Investor Presentation (April 2020)
42 slides from Web Travel's investor presentation, Apr 1, 2020
Slide 1: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 1
Slide 2: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • 2
Slide 3: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 3
Slide 4: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 4
Slide 5: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • — — • • — • • — 5
Slide 6: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Webjet as at Proceeds from the Underwritten Offer² Pro forma as at Feb-20 Feb-20¹ • • — — — • — 1 Based on unaudited management accounts. Total — debt of $192m less total cash of $58m. 2 Before costs associated with the Equit
Slide 7: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • • • • • • • • 7
Slide 8: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • — — • • • 1 Based on unaudited management accounts. 2 Includes cash of $57.7m plus drawn revolver of $76.9m. 3 Excluding dividend payments and loan instalments. 4 Management expected average monthly expenditure for FY20. 8
Slide 9: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • — — — — 1 Movements between 29-Feb-20 and 30-Mar-20. 9
Slide 10: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • — • 1 Pro forma inclusive of the Destinations of the World Acquisition. 2 Tongcheng-Elong Holdings press statement. 10
Slide 11: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • 2,154 FY13A FY14A FY15A FY16A FY17A FY18A FY19A 1 Based on management estimates. 2 Pro forma for Destinations of the World acquisition. 11
Slide 12: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • — — • — — — — 12
Slide 13: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • 1 FY14 FY15 FY16 FY17 FY18 FY19PF B2B B2C • 115 105 95 85 75 65 55 -3 -2 -1 0 1 2 3 4 5 6 7 8 9 10 11 12 1 Pro-forma inclusive of the Destinations of the World SARS (2003) Avian Flu (2005) Avian Flu (2013) MERS (2015) A
Slide 14: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 14
Slide 15: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • — — • • • • • 1 The Theoretical Ex-Rights Price (“TERP”) is the theoretical price at which WEB shares should trade immediately after the ex-date of the Entitlement Offer and Placement, and is calculated based on the • max
Slide 16: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 1 Before costs associated with the Equity Raising. 16
Slide 17: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 1 Excludes adjustments for any write downs and suspension of Webjet Exclusives and closure of Online Republic Cruise. 2 Based on unaudited management accounts. Presented on a post AASB16 basis. 3 Before costs associated with
Slide 18: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 1 Based on unaudited management accounts. 2 Before costs associated with the Equity Raising. 3 Last 12 Months to 29-Feb-20. Continuing EBITDA excluding one-offs and significant items. 4 Last 12 Months EBITDA growth to 29-Feb-
Slide 19: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 19
Slide 20: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 20
Slide 21: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • ̶ ̶ • • 21
Slide 22: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • 22
Slide 23: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • • 23
Slide 24: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • 24
Slide 25: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • • • 25
Slide 26: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • 26
Slide 27: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • • • 27
Slide 28: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • • 28
Slide 29: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • • 29
Slide 30: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • 30
Slide 31: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • 31
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For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • 32
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For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • 33
Slide 34: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 34
Slide 35: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 35
Slide 36: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • • • • • • 36
Slide 37: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 37
Slide 38: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 38
Slide 39: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 39
Slide 40: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • • • — — — — — — 40
Slide 41: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • — — — — — — — • • 41
Slide 42: For personal use only
For personal use only NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 42