Coast Entertainment Holdings Ltd · ASX:CEH
Coast Entertainment — Shareholder Meeting (November 2023)
14 slides from Coast Entertainment's shareholder meeting presentation, Nov 8, 2023
Slide 1: Ardent Leisure Group Limited Annual General Meeting
ARDENT LEISURE GROUP LIMITED ANNUAL GENERAL MEETING 8 November 2023
Slide 2: Dr Gary Weiss AM - Chairman
S ARDENT LEISURE DR GARY WEISS AM - CHAIRMAN
Slide 3: Agenda
AGENDA • Chairman’s Address • Presentation by Greg Yong, Theme Parks & Attractions • Formal Business of the Meeting • Closing 3
Slide 4: FY23 Key Messages
Theme Parks & Attractions return to profitability FY23 KEY MESSAGES Consolidated NPAT of $664.7 million, a significant improvement compared to a $97.4 million loss in the prior year, driven by a $682.4 million gain on the sale of Main Event Entertainment Improved performance of the Theme Parks &
Slide 5: Prudent Capital Management
PRUDENT CAPITAL MANAGEMENT At 27 June 2023, the Group had $141.4 million cash on hand Most of the announced development pipeline still to be funded, along with FY24 maintenance capex and class action settlement cost On-market share buyback of up to 10% of issued capital over the next 12 months
Slide 6: Progress Towards Unlocking Future Value
PROGRESS TOWARDS UNLOCKING FUTURE VALUE As reported A$m 27 June 2023 ALG’s balance sheet strengthened following the Main Event sale: Cash & other financial assets 141.4 $141.4 million cash PP&E and intangibles Debt free with unencumbered freehold real estate Dreamworld 119.0 The Group had ne
Slide 7: Theme Parks & Attractions
FY23 THEME PARKS & ATTRACTIONS 7
Slide 8: FY23 Financial Highlights
Results Overview FY23 FINANCIAL Ticket Sales1 Attendance Revenue2 HIGHLIGHTS The impact of government grants does not reflect performance of the business on a YOY +18% +39% basis. Underlying performance excluding these +51% +49% +37% +70% impacts is a more accurate reflection of trading activity. FY
Slide 9: Growth Continues into 1Q24
Ongoing positive trading performance GROWTH CONTINUES INTO 1Q24 100.0 12.0 COVID impacted 10.0 COVID impacted 80.0 8.0 60.0 6.0 $'m $'m 4.0 40.0 2.0 - 20.0 (2.0) (4.0) - (6.0) (20.0) (8.0) FY16 FY19 FY20 FY21 FY22 FY23 1Q16 1Q19 1Q20 1Q21 1Q22 1Q23 1Q24 EBITDA excl Specific Items & Govt Subsidies/Gr
Slide 10: Events & Activations
EVENTS & ACTIVATIONS Enriching the guest experience A critical strategy to acquire and retain both annual pass and shorter-term visitation Recent events saw record NPS scores and in park revenue spending Waitangi Weekend, Dreamworld's Street Food Festival, Dreamworld's Fun Run, Winterfest, Sprin
Slide 11: Update on Capital Programs
Strategic Initiatives UPDATE ON CAPITAL PROGRAMS Solid progress on kids areas Phase 1 Remaining product opening before the end of Rivertown construction update calendar 2023 Dreamworld Theatre – Open Rivertown will be the most themed land ever Belinda’s Tree House – Open The Dreamworld Flyer
Slide 12: Our Site
Land Development OUR SITE Total site ~55 hectares, currently zoned as Open Space and Major Tourism Precinct In September 2023, a Preliminary Development Application was lodged which, if approved, would create a unique planning regime specific to the site allowing: Broader range of land uses th
Slide 13: A Clear Plan for Sustainable Growth
A CLEAR PLAN FOR SUSTAINABLE GROWTH FIRST POSITIVE SAFETY REMAINS TOP PRIORITY OPERATING EBITDA SINCE FY16 REVENUE PIPELINE CAUTIOUSLY OPTIMISTIC WELL ESTABLISHED International market still a significant opportunity Macro-economic, inflationary headwinds on watch ONGOING COST DISCIPLINE CULTURE
Slide 14: Thank You
S S&S ARDENT LEISURE THANK YOU
Coast Entertainment Holdings — Shareholder Meeting (November 2023) on 6ix