Evt Limited · ASX:EVT
Evt — EVENT Hospitality & Entertainment — FY2018 Earnings Presentation
19 slides from Evt's earnings presentation, Aug 23, 2018
Slide 1: For personal use only
EVENT HOSPITALITY & ENTERTAINMENT fe EST ERR 1910 iat “ “ For personal use only
Slide 2: Results Presentation, Year Ended 30 June 2018
For personal use only R E S U LT S P R E S E N TAT I O N 24 AUGUST 2018 YEAR ENDED 30 JUNE 2018
Slide 3: Year End Results Webcast and Dial In Details
EVENT YEAR END RESULTS WEBCAST AND DIAL IN DETAILS For personal use only FRIDAY 24 AUGUST 2018 9:00 AM (AEDT) Access a webcast of the briefing at https://webcast.openbriefing.com/4563/ Alternatively you may dial in to the briefing using the following details and the Conference ID: 6768976 Toll free
Slide 4: Results Overview
F U L LY F R A N K E D F I N A L D I V I D E N D RESULTS OVERVIEW 31 CENTS PER SHARE P A Y M E N T O N 2 0 S E P T E M B E R 2 0 1 8 For personal use only GROUP REVENUE $1,290m -1% GROUP EBITDA* $268m +10% NORMALISED* NPAT $124m +9% Strong diverse portfolio delivers profit growth +12%. 2017 2018 VAR
Slide 5: Entertainment Australia
ENTERTAINMENT AUSTRALIA For personal use only YEAR ENDED 30 JUNE 2017 2018 VARIANCE Australian market box office down 5% overall. Admissions (000) 33,476 31,653 (5.4)% Revenue ($000) 471,188 455,121 (3.4)% Strong growth in Food and Beverage spend per head +4.3% and improved margins, COGS -3.4%. EBIT
Slide 6: Entertainment Germany
ENTERTAINMENT GERMANY For personal use only YEAR ENDED 30 JUNE 2017 2018 VARIANCE German market box office was down 9% impacted by Admissions (000) 14,775 13,199 (10.7)% the cyclical impact of FIFA World Cup and record warm weather. Revenue ($000) 307,107 307,383 0.1% EBITDA ($000) 32,562 30,906 (5.
Slide 7: Entertainment New Zealand
ENTERTAINMENT NEW ZEALAND For personal use only YEAR ENDED 30 JUNE 2017 2018 VARIANCE NZ market marginally down 1.5% on prior year. Admissions (000) 5,491 5,503 0.2% Revenue ($000) 88,549 87,308 (1.4)% Strong profit growth +11%, driven by good cost EBITDA ($000) 16,259 17,018 4.7% control on relativ
Slide 8: Hotels and Resorts
For personal use only HOTELS A ND RESORT S
Slide 9: Hotels & Resorts: All Brands Deliver Growth
HOTELS & RESORTS ALL BRANDS DELIVER GROWTH For personal use only Strong performance across Growth in occupancy, YEAR ENDED 30 JUNE 2017 2018 VARIANCE all brands resulting in PBIT average room rate and Revenue ($000) 306,403 337,093 10.0% +31.4% and REVPAR +7.5%. REVPAR across the Group. EBITDA ($000
Slide 10: RevPAR by Brand
REVPAR BY BRAND For personal use only OWNED HOTELS 2017 2018 VARIANCE 2017 2018 Occupancy 78.0% 80.3% 2.3% Hotels 47 43 Average room rate $159 $160 0.6% Rooms 7,412 7,189 Revpar $124 $128 3.6% *Includes owned and managed properties 2017 2018 VARIANCE 2017 2018 Occupancy 76.3% 80.7% 4.4% Hotels 8 9 A
Slide 11: Thredbo
For personal use only THREDBO
Slide 12: Thredbo Record Result
THREDBO RECORD RESULT For personal use only YEAR ENDED 30 JUNE 2017 2018 VARIANCE SEASON PERFORMANCE Revenue ($000) 66,609 72,971 9.6% EBITDA ($000) 22,007 25,705 16.8% WINTER MONTHS 2017 2018 VARIANCE Normalised PBIT ($000) 18,187 21,838 20.1% Revenue ($000) 52,960 56,732 7.1% EBITDA ($000) 25,004
Slide 13: Property
For personal use only PROPERT Y
Slide 14: Strong Property Portfolio, Value Increases to $2.0bn
STRONG PROPERTY PORTFOLIO VALUE INCREASES TO $2.0BN +29% For personal use only YEAR ENDED 30 JUNE 2017 2018 VARIANCE Increase in rental income of 16% was achieved. Revenue ($000) 15,512 18,026 16.2% Fair value adjustments ($000) (250) 5,750 − EBITDA ($000) 11,996 19,522 62.7% $5.75m was booked to re
Slide 15: Key Development Opportunities
For personal use only KEY DEVELOPMENT OPPORT U NI T I E S
Slide 16: Cinema Developments
CINEMA DEVELOPMENTS KAWANA Existing cinemas ⁄ 9 screens Future cinema For personal use only ⁄ 3 Gold Class developments ⁄ 2 Vmax ⁄ New Concept New Concept Trials/Upgrades ⁄ December 2018 | 100% plans underway COOMERA ⁄ 8 screens ⁄ 2 Gold Class ⁄ 2 Vmax ⁄ New Concept ⁄ October 2018 | 100% CASTLE HILL
Slide 17: Hotel Development: Potential for Growth
HOTEL DEVELOPMENT POTENTIAL FOR GROWTH For personal use only Existing hotels Properties with potential for further development RYDGES NORTH SYDNEY (EST FY20) Priority Upgrade ⁄ Complete refurbishment / properties redevelopment 525 GEORGE STREET ⁄ Potential integrated cinema, hotel, residential devel
Slide 18: Focus Areas Going Forward
FOCUS AREAS GOING FORWARD For personal use only GROW EXISTING BUSINESS REVENUE ⁄ Smarter pricing ⁄ Better sales practices ⁄ Focus on high margin products MAXIMISE ASSET PERFORMANCE ⁄ Innovate and upgrade priority assets ⁄ Divest underperforming ⁄ Invest in priority developments ⁄ Acquire BUSINESS TR
Slide 19: Non-IFRS Financial Information
NON – IFRS FINANCIAL INFORMATION For personal use only The EVENT 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.
EVENT Hospitality & Entertainment — FY2018 Earnings Presentation on 6ix