Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q1 FY18 Earnings Presentation
26 slides from Wonderla Holidays's earnings presentation, August 2017
Slide 1: Q1 FY18 Result Update August 2017
Slide 2: Discussion Summary
DISCUSSION SUMMARY @ ~QIFY18 RESULT HIGHLIGHTS ¢ QI FY18 PORTFOLIO UPDATE e¢ AMUSEMENT PARK, BANGALORE e RESORT, BANGALORE e AMUSEMENT PARK, KOCHI e AMUSEMENT PARK, HYDERABAD e¢ COMPANY OVERVIEW e ANNEXURE
Slide 3: Q1 FY18 Result Highlights
Q1 FY18 RESULT HIGHLIGHTS In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 1,023.3 43.1% 42.7% 26.0% 25.4% 865.1 14.6 % 339.5 436.7 296.3 372.5 259.6 224.5 18.3% 17.2 % 15.6 % Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 EBITDA EBITDA Margin % PAT Cash PAT PAT Margin % 3
Slide 4: Q1 FY18 Result Highlights: Financial Update
Q1 FY18 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q1 FY18 Revenue from Operations grew by 18.3% YoY to Rs. 1,023.3 mn driven by 20.1% YoY growth in average revenue per visitor. ▪ The share of Non-ticket revenue improved from 20.9% in Q1 FY17 to 23.2% in Q1 FY18. Higher non-ticket revenue was driven by in
Slide 5: Q1 FY18 Revenue Analysis
Q1 FY18 REVENUE ANALYSIS SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 865.1 1,023.3 865.1 1,023.3 16.5% 4.0% 3.1% 19.2% 22.1% 22.6% 24.1% 26.2% 83.5% 80.8% 49.8% 48.1% Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Services Products Park - Bangalore Park - Kochi Park - Hyderabad Resort - Bangalore TICKET VS. NON-TICKET
Slide 6: Q1 FY18 Revenue Analysis
Q1 FY18 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs)* AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 1,293.8 1,077.1 1,005.9 864.3 20.1% 16.4% Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs) BREAK-UP OF NON-TICKET REVENUE (PARKS + RESORT) (IN Rs Mn)*
Slide 7: Bangalore Park
BLA 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 61 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) 1,139.9 288.1 1,010.4 198.2 12.8 % 45.4 % Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 366.7 353.8
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 55 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) 910.3 267.2 826.9 163.0 10.1 % 63.9 % Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 218.5 230.8 218.5 3.
Slide 14: Hyderabad Park
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 43 land and water based attractions and other allied facilities. • 4 restaurants offering various cuisines, of which all are operated
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) 877.2 311.5 291.4 644.7 36.1 % 20.6 % Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 206.9 196.8 206.
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q1 FY18 Q1 FY17 YoY % Sale of Services 827.2 722.7 14.5% Sale of products 196.1 142.3 37.8% Total Revenue from Operations 1,023.3 865.1 18.3% Direct Operating Expenses 140.1 153.3 -8.6% Purchase of Stock-in-Trade 93.4 81.2 15.0% Changes in Inventories o
Slide 18: 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 19: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 09.08.17 (BSE) Market capitalization (Rs Mn) 1,955.8 450 CMP Rs. 346.2 Price (Rs.) 346.2 400 350 No. of shares outstanding (Mn) 5.7 300 Face Value (Rs.) 10 250 52 week High-Low (Rs.) 316.0 - 420.0 Aug/16 Oct/16 Dec/1
Slide 20: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 16 yrs in the industry • 12+ 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 21: 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 22: 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 • 16+ yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acre
Slide 23: 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 24: Company Overview – Global Ranking and Recognition
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION Wonderla parks in Bangalore, Kochi and Hyderabad were ranked at #1, #4 and #8 in India by Tripadvisor in 2017 Wonderla Bangalore 6th Best in Asia Kerala State Pollution Control Board Award 2015-16 24
Slide 25: 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 26: For Further Queries
FOR FURTHER QUERIES - Mr. NANDAKUMAR N Rohan Rege/ Nilesh Dalvi CFO - Wonderla Holidays Ltd. Dickenson Seagull IR Email – Contact No : +91 9167300142/ nandakumar.n@wonderla.com 9819289131 Email – nilesh.dalvi@dickensonir.com rohan.rege@dickensonir.com 26