Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q1 FY19 Earnings Presentation
27 slides from Wonderla Holidays's earnings presentation, August 2018
Slide 1: Q1 FY19 Result Update
Q1 FY19 RESULT UPDATE August 2018
Slide 2: Agenda
• Q1 FY19 RESULT HIGHLIGHTS • Q1 FY19 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q1 FY19 Result Highlights
Q1 FY19 RESULT HIGHLIGHTS Q1 FY19 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 55.3% 1,038.8 42.7% 25.4% 31.7% 1,023.3 574.9 428.7 339.5 329.7 436.7 259.6 1.5 % 31.7 % 26.2 % 27.0 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 EBITDA EBITDA Margin % PAT Cash PA
Slide 4: Q1 FY19 Result Highlights: Financial Update
Q1 FY19 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q1 FY19 revenues increased by 1.5% YoY from Rs 1,023.3 mn to Rs 1,038.8 mn driven by 6.3% YoY growth in footfalls, partially offset by 4.2% decline in avg. revenue per visitor. ▪ The share of Non-ticket revenue improved from 23.2% in Q1 FY18 to 25.6% in Q
Slide 5: Q1 FY19 Revenue Analysis
Q1 FY19 REVENUE ANALYSIS In Rs Mn SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 1,023.3 1,038.8 1,023.3 1,038.8 3.1% 2.7% 19.2% 21.7% 22.6% 28.2% 26.2% 23.5% 80.8% 78.3% 48.1% 45.6% Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 Services Products Park - Bangalore Park - Kochi Park - Hyderabad Resort - Bangalore TICKET V
Slide 6: Q1 FY19 Revenue Analysis
Q1 FY19 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 1,269 1,216 1,006 930 4.2 % 7.6 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs) BREAK-UP OF NON-TICKET REVENUE (PARKS + RESORT) (In Rs Mn) * 8.8%
Slide 7: Bangalore Park
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) 1,140 1,004 291 251 11.9 % 16.0 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 353.8 365.5 353.8 36
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) 910 832 249 250 8.6 % 0.2 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 230.8 225.9 230.8 225.9 3.4% 3
Slide 14: Hyderabad Park
aves 7 — aed 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 are operated by the C
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) 877 908 300 313 3.5 % 4.3 % Q1 FY18 Q1 FY19 Q1 FY18 Q1 FY19 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 196.8 239.4 196.8 239.4 9.
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q1 FY19 Q1 FY18 YoY % FY18 Sale of Services 813.0 827.2 -1.7% 2,109.6 Sale of products 225.8 196.1 15.1% 595.4 Total Revenue from Operations 1,038.8 1,023.3 1.5% 2,704.9 Cost of Materials Consumed 42.0 43.9 -4.4% 124.3 Purchase of Stock-in-Trade 58.3 52
Slide 18: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET Particulars (Rs Mn) FY18 FY17 Particulars (Rs Mn) FY18 FY17 Equity & Liabilities Assets Share capital 565.0 565.0 Non-current assets Other 7,161.2 6,841.5 PPE 8,281.4 7,075.5 Total 7,726.2 7,406.5 Capital Work-in-progress 154.9 585.4 Intangible Assets 55.4 6.0 Non-current
Slide 19: Company Overview – About Us
COMPANY OVERVIEW – ABOUT US • One of the largest amusement park operators in India with over 16 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 As on 7th Aug 2018 Market capitalization (Rs Mn) 19,696.1 400 CMP Rs. 348.6 Price (Rs.) 348.6 350 No. of shares outstanding (Mn) 5,65,00,670 300 Face Value (Rs.) 10 250 52 week High-Low (Rs.) 424.4 - 310.0 Feb/18 Apr/18 Ju
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 • 18+ 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 acquiring land 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 • Evaluate
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: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Wonderla Holidays Limited (“Wonderla” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, fina
Slide 27: For Further Queries
FOR FURTHER QUERIES - Mr. Nandakumar N CFO Email – nandakumar.n@wonderla.com Nilesh Dalvi / Nachiket Kale IR Consultant Dickenson Seagull IR Contact No : +91 9819289131 / 9920940808 Email – nilesh.dalvi@dickensonir.com nachiket.kale@dickensonir.com 27