Slide 1: 1H25 Results Presentation
1H 25 RESULTS PRESENTATION EXPERIENCE CO LIMITED | 1H25 RESULTS | FEBRUARY 2025
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (ASX: EXP) contains summary information about EXP and its related bodies corporate and their activities. The information in this presentation is of a general background nature and does not purport to be compl
Slide 3: Agenda
AGENDA BUSINESS UPDATE 4 FINANCIAL UPDATE 10 TRADING UPDATE & OUTLOOK 16 TREETOPS ADVENTURE | CAPE TRIBULATION | AUSTRALIA EXPERIENCE CO LIMITED | 1H25 RESULTS | FEBRUARY 2025 3
Slide 4: Business Update
BUSINESS UPDATE EXPERIENCE CO LIMITED | 1H25 RESULTS | FEBRUARY 2025 CALYPSO | GREAT BARRIER REEF | AUSTRALIA 4
Slide 5: 1H25 Financial Highlights
1H25 FINANCIAL HIGHLIGHTS $67.9m +9% PCP (1) $10.6m +49% PCP (1) $10.7m (Jun-24: $8.2m) (3) $3.6m +9% PCP (1) Sales Revenue Underlying EBITDA(2) Cash & cash equivalents Skydiving Segment Underlying EBITDA(2) $1.4m (PCP: $(1.3m) loss) (1) $9.6c (Jun-24: $9.2c) (3) ($6.8m) (Jun-24: ($8.9m)) (3) $10.5m
Slide 6: 1H25 Business Update
1H25 BUSINESS UPDATE Continued business momentum during the half driven by the Adventure Experiences segment SKYDIVING ADVENTURE EXPERIENCES 1H25 Sales Revenue : $30.2m [PCP(1):$29.1m] 1H25 Sales Revenue $37.7m [PCP(1):$33.2m] TANDEM SKYDIVING PERFORMANCE AVIATION REEF UNLIMITED TREETOPS ADVENTURE W
Slide 7: Australia's Inbound Demand Recovery
AUSTRALIA’S INBOUND DEMAND RECOVERY Aviation capacity is now at FY19 seat levels supported by strong resident outbound travel and a continually recovering inbound. Holiday arrivals to Australia are at 73% of 2019 levels. CAPACITY ARRIVALS & OUTBOUND VFR(1) & HOLIDAY Aviation Capacity to Australia Vi
Slide 8: Australia's Inbound Demand Recovery
AUSTRALIA’S INBOUND DEMAND RECOVERY Over the longer term, positive momentum in inbound recovery to Australia is expected to continue Source: Tourism Australia Oxford Economics and Thrive 2030 Tourism Strategy : Australian Government EXPERIENCE CO LIMITED | 1H25 RESULTS | FEBRUARY 2025 8
Slide 9: Australia's Inbound Demand Recovery
AUSTRALIA’S INBOUND DEMAND RECOVERY Whilst most other inbound markets to Australia are close to fully recovered, the China holiday and VFR segments still has some way to play out Source: TRA IVS, Year Ended September 2024 EXPERIENCE CO LIMITED | 1H25 RESULTS | FEBRUARY 2025 9
Slide 10: Financial Update
FINANCIAL UPDATE EXPERIENCE CO LIMITED | 1H25 RESULTS | FEBRUARY 2025 TREETOPS ADVENTURE | AUSTRALIA
Slide 11: Financial Performance
FINANCIAL PERFORMANCE Financial performance reflects improved trading conditions, site efficiencies and cost management GROUP FINANCIAL OVERVIEW 1H 25 COMMENTARY $ MILLION 1H25 1H24 % • Strongest first half financial result since FY19. REVENUE 67.9 62.3 9% • Underlying earnings and cash flow growth
Slide 12: Skydiving
SKYDIVING Revenue and Underlying EBITDA growth driven by volume growth in Australia and New Zealand 1H25 COMMENTARY • Improved booking levels achieved in both Australia and New FINANCIAL OVERVIEW Zealand in 1H25 driven by the ongoing recovery of international tourism in both markets. Change $ MILLIO
Slide 13: Adventure Experiences
ADVENTURE EXPERIENCES Continued growth within the segment primarily driven by Reef 1H25 COMMENTARY Unlimited and Treetops Adventure performance • Segment remained largest contributor to Group result. FINANCIAL OVERVIEW • Strong performance led by the contribution of Reef Unlimited Change and Treetop
Slide 14: Balance Sheet
BALANCE SHEET Balance sheet reflects the underlying improvement in cash and reduction in Net Debt since FY24 whilst CBA debt facility remains available to support growth initiatives BALANCE SHEET METRICS 1H 25 COMMENTARY $ MILLION 31-DEC-24 30-JUN-24 % • Strong tangible asset backing. CASH AND CASH
Slide 15: Cash Flow
CASH FLOW Operating cash flows reflect improvement in underlying business performance CASH FLOW 1H 25 COMMENTARY $ MILLION 1H25 1H24 % • Strong conversion of EBITDA into cash flow. OPERATING CASH FLOWS 9.4 7.0 34% INVESTING CASH FLOWS (5.1) (4.5) 13% • The business is starting to generate free cash
Slide 16: Trading Update & Outlook
TRADING UPDATE & OUTLOOK EXPERIENCE CO LIMITED | 1H25 RESULTS | FEBRUARY 2025 NZONE | QUEENSTOWN | NEW ZEALAND
Slide 17: Trading Update & Outlook
TRADING UPDATE & OUTLOOK Improved financial performance of the business continued in January JANUARY TRADING OUTLOOK • Volumes consistent with commentary in Q2 25 trading update. • As outlined at the FY24 AGM, Management continues to work on the strategic priorities of earnings optimisation, sustain
Slide 18: Thank You
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