Slide 1: Results presentation, year ended 30 June 2023
For personal use only Results presentation 28 August 2023 Year ended 30 June 2023
Slide 2: Webcast and dial-in details
For personal use only 12:30pm (AEST) Monday 28 August 2023 Webcast Access a webcast of the briefing at https://webcast.openbriefing.com/evt_fyr_2023/ Dial-in Pre-register at https://s1.c-conf.com/diamondpass/10032213-qy7dhe.html After pre-registering you will receive details for the telephone number
Slide 3: Overview
Overview Revenue up ~34% and 1 Group revenue ~$1.2b, up ~34% on PY 2 Normalised EBITDA growth to ~$187.0m, up 148.3% on PY For personal use only EBITDA up 148% on PY (note 1) (note 1) Entertainment EBITDA up 70.9% (note 1). Entertainment revenue up 21.4% on PY, Record results for Thredbo | VENTURES
Slide 4: Overview: EBITDA up 148.3% on PY
2022 2023 VARIANCE $000 $000 $000 Overview Entertainment Australia 30,446 46,039 15,593 New Zealand 1,760 516 (1,244) EBITDA up 148.3% on PY Germany 75,630 30,081 (45,549) For personal use only (note 3) Germany Adjusted EBITDA3 12,644 30,081 17,437 Property All divisions achieve strong Property 7,79
Slide 5: Property & Development
For personal use only Property & Development
Slide 6: Property & Development
Property & Development 1 Acquisitions & divestments Total proceeds since 2021 of $282.4m, exceeded $250m target, ~28% above valuations. 2 Major developments 525 George Street Stage 2 DA approved. Construction costs to be assessed in FY24 For personal use only Earnings from divested properties have 4
Slide 7: Hotels
7 E V T | ENTERTAINMENT | VENTURES | TRAVEL For personal use only Hotels
Slide 8: Hotels: record result
Hotels Record result For personal use only Record revenue and EBITDA TRAVEL 2022 2023 VAR Revenue ($000) 217,741 352,551 +134,810 | Record ARR and Revpar | VENTURES EBITDA ($000) 26,576 87,388 +60,812 Normalised PBIT ($000) (1,157) 58,875 +60,032 Exceeded fair market share E V T | ENTERTAINMENT Owne
Slide 9: Record rates and revpar
Record rates and revpar For personal use only Rydges Atura occupancy exceeds Year ended 30 June 2019 2022 2023 VAR (vs 2022) FY19, Rydges impacted by | VENTURES | TRAVEL Occupancy 80.6% 45.0% 76.6% +31.6% Melbourne closure, while Average room rate $157 $157 $199 +26.8% QT in line with key city Revpa
Slide 10: Occupancy patterns normalise
Occupancy Owned Hotel Occupancy patterns normalise 90.0% 80.0% For personal use only 70.0% TRAVEL 60.0% FY23 +27.3 points to 74.0% (-5.5 | points down on FY19) 50.0% | VENTURES 40.0% Post-COVID domestic leisure EVT | ENTERTAINMENT boom normalising to pre-COVID 30.0% levels, good demand for corporate
Slide 11: Rate premiums were maintained
Rate premiums Owned Hotel Average Room Rate were maintained $280 $260 For personal use only $240 TRAVEL $220 Record average room rate of $238 achieved | $200 | VENTURES $180 Special events a key driver $160 EVT | ENTERTAINMENT of maintaining record rates $140 $120 $100 Owned hotel average room rate
Slide 12: Hotel brand strategy
Hotel brand strategy 79 hotels (+8) 12,219 rooms (+1,110) net portfolio growth in the year ended 30 June 2023 For personal use only EVT BRANDS 10 hotels | 1,531 rooms 44 hotels | 7,581 rooms 5 hotels | 663 rooms 3 hotels | 193 rooms | 530 pods LUXURY BUDGET INDEPENDENT COLLECTON 1 hotel | 138 rooms
Slide 13: Thredbo
13 E V T | ENTERTAINMENT | VENTURES | TRAVEL For personal use only Thredbo
Slide 14: Thredbo: record result
Thredbo Record result For personal use only New business model 2022 2023 VAR Revenue ($000) 64,330 106,320 41,990 supports record result Adjusted Revenue1 ($000) 56,265 105,209 48,944 | VENTURES | TRAVEL EBITDA ($000) 16,292 39,772 23,480 Revenue up 65.3% on PY Adjusted EBITDA2 ($000) 9,590 39,276 2
Slide 15: Thredbo: Winter and Summer
Thredbo Winter and Summer For personal use only Winter an all-time record, Winter 2022 2023 VAR 74% increase in yield on Revenue ($000) 32,949 81,770 48,821 | VENTURES | TRAVEL pre-COVID 19 Adjusted Revenue1 ($000) 33,066 83,035 49,969 EBITDA ($000) 8,892 42,583 33,691 Strong mountain biking Adjuste
Slide 16: Entertainment
16 For personal use only Entertainment
Slide 17: Entertainment Australia
Entertainment Australia For personal use only Revenue up 17.2%, EBITDA 2022 2023 VAR up 51.2% on PY - recovery in Admissions1 (000) 10,784 11,786 1,002 | VENTURES | TRAVEL Revenue ($000) 318,597 373,342 54,745 film releases and EBITDA ($000) 30,446 46,039 15,593 premiumisation PBIT ($000) 7,309 23,4
Slide 18: Entertainment New Zealand
Entertainment New Zealand For personal use only 2022 2023 VAR Revenue up 33.0% and Admissions1 (000) 2,381 3,033 652 Revenue ($000) 58,185 72,930 14,745 EBITDA up $2.1m on PY | VENTURES | TRAVEL (note 2) Adjusted Revenue2 ($000) 54,848 72,930 18,082 EBITDA ($000) 1,760 516 (1,244) Avatar: The Way of
Slide 19: Entertainment Germany
Entertainment Germany For personal use only Revenue +26.5%, EBITDA 2022 2023 VAR +137.9% on PY (note 1) Admissions (000) 7,606 9,394 1,788 TRAVEL VENTURES || TRAVEL Revenue ($000) 283,625 279,195 (4,430) Growth in key metrics Adjusted Revenue1 ($000) 220,639 279,195 58,556 ENTERTAINMENT | | VENTURES
Slide 20: Film line-up highlights
Film line-up highlights FY24 films estimated to exceed $15m at the Australia Box Office, release dates remain subject to change For personal use only JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE TRAVEL | | VENTURES E V T | ENTERTAINMENT
Slide 21: Strategic goals
Strategic goals For personal use only | VENTURES | TRAVEL E V T | ENTERTAINMENT Grow revenue above market Maximise assets Business transformation Enhanced data capabilities Premiumisation Strong culture Innovative product and pricing strategies Progress major developments Enhanced operating models C
Slide 22: Outlook for FY24
Outlook for FY24 For personal use only Growth expected on FY23, potential to recover towards | VENTURES | TRAVEL FY19 Entertainment Property & Development Hotels Film line up expected to FY24 capex ~$165m Expecting another record Subject to film line-up appeal deliver better box office (excluding ac
Slide 23: Non-IFRS measures notice
The EVT 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. These For personal use only measures are used internally