Arena Hospitality Group D.d. · ZSE:ARNT
Arena Hospitality Group D.d — FY2024 Earnings Presentation
26 slides from Arena Hospitality Group D.d's earnings presentation, Feb 28, 2025
Slide 1: Presentation of 2024 results - materials
Security: ARNT LEI: 74780000Z0PH7TFW3185 ISIN: HRARNTRA0004 Home Member State: Croatia Listing: Prime Market of the Zagreb Stock Exchange Pula, 03.03.2025 - ZAGREB STOCK EXCHANGE - CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY - CROATIAN NEWS AGENCY - COMPANY WEB SITE Subject: Presentation of 2024
Slide 2: Annual Report 2024
Annual Report 2024 28th FEB 2025
Slide 3: Presented by
Presented by DEVANSH BAKSHI, ccma, mea Member of Management Board & Chief Financial Officer
Slide 4: Table of contents
Table of contents HIGHLIGHTS OPERATING REVIEW Group & Regional Operations Consolidated Financial Position ) Outlook Berlin Use of Land further regulation 9 LIQUIDITY & DEBT STRUCTURE — Group’s Net leverage ratio Debt Profile *] Nuremberg SUSTAINABILITY REPORT 2024 New CSRD - ESRS reporting ? Pibdape
Slide 5: Highlights
Highlights FINANCIAL KPI’S OPERATING KPI’S ( 1423 Total revenue > 55.0 48.8 ‘Occupancy (%) 126.5 (EUR MILLION) 46.2 1049 A Ne 9 23 24 SS 9 23 24 (— 35.0 EBITDA >) 27 Average Daily Rate (EUR MILLION) 109.7 (EUR) 30.9 819 28.0 - \ 23 24 yy, \ 23 24 yy (a7 Profitbeforetex (— 55.0 RevPAR (EUR) >) (EUR M
Slide 6: Operating Review
Operating Review
Slide 7: 2024 Operating Review - Group
2024 Operating Review - Group EURM 160 142 140 127 120 100 80 60 40 3028 3835 20 oO FY 2023 FY 2024 mRevenue wEbitdar mEbitda 120 no 13 100 80 60 40 20 o FY 2023 FY 2024 qm ADR mmm RevPar ——=Occ 60% 50% 40% 30% 20% 10% 0% KEY COMMENTS A record year with performance exceeded our 2023 performance by 1
Slide 8: 2024 Operating Review - Croatia
2024 Operating Review- Croatia EURM 120 100 100 90 KEY COMMENTS 80 60 + All three operating segments saw year-on-year increase in revenue by 10.6%, driven by higher average daily rates, alongside 40 2624 2825 with increased occupancy levels and new inventory from art’otel 20 Zagreb. oO * The maturin
Slide 9: 2024 Operating Review - Germany
EURM 35 30 25 20 1S 10 5 fo) 2024 Operating Review - Germany 29 26 FY 2023 FY 2024 mRevenue mEbitdar = Ebitda 138 137 y-62% S 69% 86 95 FY 2023 FY 2024 MEE ADR mmm RevPar ——=Occ 80% 70% 60% 50% 40% 30% 20% 10% 0% KEY COMMENTS Our German city portfolio benefited from a full recovery in leisure demand
Slide 10: 2024 Operating Review - CEE Region
2024 Operating Review - CEE Region EURM 160 140 120 100 13 9 41% 2 2 a | FY 2023 FY 2024 mRevenue @Ebitdar = Ebitda 149 137 59% ci 66 FY 2023 FY 2024 MEM ADR mmm RevPar ——Occ 70% 60% 50% 40% 30% 20% 10% 0% KEY COMMENTS The performance of CEE region reflects the optimisation of previous investments i
Slide 11: Outlook
Outlook KEY TOPICS Maturing recent investments and repositioning to yield further financial benefits Planned ongoing investments in two of our campsites (Arena Stupice and Arena Indije Campsites) to elevate from two to four stars, combined investment of EUR 11.9 million. Germany and city portfolio f
Slide 12: Use of land in campsites and tourist resorts
Use of land in campsites and tourist resorts KEY COMMENTS + In early 2024, further regulation around the Non-Appraised Construction Land Act (NCLA) was adopted and the lease liability for tourist land came into effect in Croatia. + During 2024, the Company was charged with rental fee for campsites f
Slide 13: Revenues, Operating expenses, EBITDAR
€ '000 2024 2023 Change Revenues 142.284 126.498 15.786 • Operating expenses -104.759 -96.066 -8.693 EBITDAR 37.525 30.432 7.093 Rental expenses and concession fees: land -2.487 -2.382 -105 EBITDA 35.038 28.050 6.988 Depreciation, amortisation and impairment -20.501 -18.392 -2.109 • EBIT 14.537 9.65
Slide 14: Assets
€ '000 2024 2023 Change ASSETS Non-current assets Intangible fixed assets 974 1.201 -227 Property, plant and equipment 342.941 353.292 -10.351 • Right-of-use assets 32.283 33.059 -776 Inventories 1.203 2.066 -863 Interest in joint ventures 9.922 6.256 3.666 • Other non-current financial assets 794 1
Slide 15: Equity and Liabilities
€ '000 2024 2023 Change EQUITY AND LIABILITIES Equity: • Issued capital 13.614 13.614 0 Share premium 151.550 151.668 -118 Hedging reserve -37 210 -247 Other reserves 40.087 41.631 -1.544 • Accumulated earnings/(losses) 8.476 6.314 2.162 Total equity 213.690 213.437 253 Non-current liabilities: Bank
Slide 16: Cash flows
219/2018 € '000 2024 2023 Change Net cash provided by operating activities 26.467 27.323 -856 • Net cash used in investing activities -15.139 -33.952 18.813 Net cash provided by financing activities -31.848 -13.447 -18.401 (Decrease)/increase in cash and cash equivalents -20.520 -20.076 -444 • Net f
Slide 17: Liquidity and Debt Structure
Liquidity and Debt Structure
Slide 18: Group's Net leverage ratio as at Dec 2024
Group’s Netleverage ratio as at 31 Dec2024 Adjusted’ EUR'000 2024 2023 (2024 2023 Bank debt 167,570 189,903 se Sonne, (43,674) (59,683) | (43,674) (59,683) Net debt 163,184 169,565 | 123,896 130,220 EBITDA 35,038 28,050 Mere, 47 6o){( 4.0 53] 1 Adjusted Net leverage ratio is adjusted for impact of I
Slide 19: Group Debt Profile at Dec 2024
Group Debt Profile at 31 Dec 2024 DEBT STRUCTURE EURM GROUP DEBT MATURITY % Fixed Rate Debt 93% * 53 53 45° 45 40 39 39 Weighted Cost of Debt 30 fe) 21 2.4% 20 me 10 10 10 sear 1. 5. 7 2025 2026 2027 2028 2029 . BDebt Service @Debt Service (Excl BOR) years Net Leverage 4 7 NOTES . + Weighted cost of
Slide 20: Sustainability report
Sustainability report
Slide 21: Sustainability Statement
Sustainability Statement - Implemented this is accordance with EU Corporate Sustainability Reporting Directive (CSRD) Requirements - Full Application of European Sustainability Reporting Standards (ESRS) - Conducted a double materiality assessment to establish the material and non-material Impacts,
Slide 22: Strengthening Long Term Growth
Strengthening Long Term Growth
Slide 23: Recent and Ongoing Investments
Recent and Ongoing Investments HOTEL GRAND BRIONI PULA 35M € 100% completed BUDAPEST REFURBISHMENT. 3.3M € completed Phase 1 TOTAL 88M € HOTEL ZAGREBCONVERSION 18M € 100% completed ARENASTOJA CAMPSITE, REFURBISHMENT 83M € 100% completed RADISSON RED. BELGRADE (ARENA 8S ROOMS) REFURBISHMENT 3M € 100%
Slide 24: Arena Stupice and Arena Indije Campsites
Arena Stupice Campsite Facilities: Campsite, two restaurants, fast food outlet, grocery store, coffee shop, water sports and recreation centre. Arena Indije Campsite Facilities: Campsite, upscale mobile homes of 45 to 58 sqm, restaurant, bar, grocery store, and diving school.
Slide 25: Arena Hospitality Group
ARENA HOSPITALITY GROUP A MEMBER OF PPHE HOTEL GROUP
Slide 26: Disclaimer
DISCLAIMER Arena Hospitality Group d.d. (Arena) This presentation is solely for information purposes, and is not to be construed as professional, financial, investment or other advice. It does not constitute any offer or solicitation to offer or recommendation of any investment product. In particula
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