Slide 1: Results presentation, year ended 30 June 2024
For personal use only Results presentation 26 August 2024 Year ended 30 June 2024
Slide 2: Webcast and dial-in details
For personal use only 12:30pm (AEST) Monday 26 August 2024 Webcast Access a webcast of the briefing at https://webcast.openbriefing.com/evt-fyr- 2024/ Dial-in Pre-register at https://s1.c-conf.com/diamondpass/10040597-diygmv.html After pre-registering you will receive details for the telephone numbe
Slide 3: Overview
Overview 1 Group revenue growth Group revenue ~$1.2b, +4.0% on PY on an 2 Underlying EBITDA down 8.2% Group EBITDA ~$151.3m, down 8.2% For personal use only underlying basis. Group revenue growth and record Hotels result. Record Hotels revenue $407.4m. Record Hotels EBITDA result $101.5m. | VENTURES
Slide 4: Trading Overview
Trading Overview Normalisedrevenue bridge $1,300m $1,250m $55m $0m $1m $1,221m For personal use only $1,200m $6m $3m $2m Record result for Hotels, $1,196m ($20m) strong result for Thredbo $1,150m ($22m) given weather conditions. | VENTURES | TRAVEL $1,100m $1,050m Entertainment challenged – $1,000m
Slide 5: Entertainment AU: 2H Hollywood strike impact
Entertainment AU 2H Hollywood strike impact For personal use only April to mid-June was the worst on Strike disruption to film supply impacts weekly admissions vs FY23 & FY19 (AU) record (excluding COVID closure | VENTURES | TRAVEL periods) due to delays of key blockbusters following the strikes. Ap
Slide 6: FY24 film line-up recap
FY24 film line-up recap Films that exceeded $15m at the Australia Box Office For personal use only JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE | VENTURES | TRAVEL E V T | ENTERTAINMENT
Slide 7: Entertainment AU: 2H Hollywood strike impact
Entertainment AU 2H Hollywood strike impact For personal use only 1,600 7 of 12 months better than pre- COVID margins. 1,400 | VENTURES | TRAVEL Strike-related film delays (record 1,200 low admissions) materially Admissions (000) impacted 5 months. 1,000 Base cost model mitigated most 800 E V T | EN
Slide 8: Entertainment: Pricing strategies are working
Entertainment Pricing strategies are working Blockbuster content AAP Family content AAP For personal use only +21.1% +19.6% Pricing strategies successfully | VENTURES | TRAVEL implemented to drive yield growth. $17.90 $21.67 $13.04 $15.59 Material growth achieved in AAP Average Admission Price - Aus
Slide 9: Entertainment
9 For personal use only Entertainment
Slide 10: Entertainment Overview AU/NZ
Entertainment Overview AU/NZ For personal use only Record 1Q, but Hollywood strikes Australia meant fewer films released 2023 2024 VAR | VENTURES | TRAVEL impacting second half admissions. Admissions1 (000) 11,786 11,650 -1.2% Revenue ($000) 373,342 379,604 +1.7% AU adjusted for IMAX benefit, EBITDA
Slide 11: Entertainment: Strong spend continues
Entertainment Strong spend continues For personal use only +26.6% Revenue strategies continue to +51.3% | VENTURES | TRAVEL drive increase in spend from all customer segments. Records in AAP up 4.7% on prior year and 26.6% on pre-COVID in Average Admission Price - Australia Spend Per Head - Australi
Slide 12: Entertainment Overview Germany
Entertainment Overview Germany For personal use only 1H record driven by Barbie and Germany Oppenheimer. 2023 2024 VAR | VENTURES | TRAVEL Admissions1 (000) 9,394 9,218 -1.9% Less local content - down to 16.4% Revenue ($000) 279,195 259,475 -7.1% from 24.4%, Chantal im Märchenland the 4th best film.
Slide 13: Film line-up highlights
Film line-up highlights FY25 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 | VENTURES | TRAVEL E V T | ENTERTAINMENT EVT | Entertainment |
Slide 14: Property
For personal use only Property
Slide 15: Property & Developments
Property & Developments Acquisitions/Divestments Development 525 George Street Stage 2 DA approved, options Rydges Latimer Christchurch ownership increased to 100%. under review. For personal use only Equity stake in Rydges Esplanade Hotel 458-472 George Street podium development Fremantle (effectiv
Slide 16: FY25 Developments
FY25 Developments In Planning Commence Development FY25 to date in FY25 For personal use only | VENTURES | TRAVEL LyLo Gold Coast Rydges Queenstown East Wing Atura Adelaide Airport rooms E V T | ENTERTAINMENT LyLo Fremantle QT Bar (under State Theatre) Rydges Cronulla rooms QT Canberra Cinema premiu
Slide 17: Thredbo
17 E V T | ENTERTAINMENT | VENTURES | TRAVEL For personal use only Thredbo
Slide 18: Thredbo
Thredbo Yield growth on pre-COVID seasons For personal use only results in strong result despite 2023 2024 VAR materially worse weather conditions. Revenue ($000) 106,320 86,238 -20,082 | VENTURES | TRAVEL EBITDA $19.7m, in line with EBITDA ($000) 39,772 19,665 -20,107 revenue decline, absorbing Nor
Slide 19: Hotels
19 E V T | ENTERTAINMENT | VENTURES | TRAVEL For personal use only Hotels
Slide 20: Hotels Overview
Hotels Overview For personal use only Record Revenue and EBITDA result. | VENTURES | TRAVEL 2023 2024 VAR Like-for-like earnings growth and Revenue ($000) 352,551 407,359 +15.5% Rydges Melbourne performing well. EBITDA ($000) 87,388 101,463 +16.1% Normalised PBIT ($000) 58,875 69,468 +18.0% E V T |
Slide 21: Brand Overview
Brand Overview Rydges 2023 2024 VAR Occupancy 76.6% 78.2% +1.6% Average room rate ($) $199 $203 +2.0% For personal use only Revpar ($) $153 $159 +3.9% Occupancy continues to rebound. QT | VENTURES | TRAVEL 2023 2024 VAR Rate growth for Rydges, Atura, held Occupancy 74.4% 77.2% +2.8% at record levels
Slide 22: Occupancy improving
Occupancy Owned Hotel Occupancy improving 90.0% 80.0% For personal use only 70.0% Still room for occupancy growth from inbound markets. | VENTURES | TRAVEL 60.0% Wholesale/group recovery 50.0% underway, lower yields but higher than pre-COVID. 40.0% E V T | ENTERTAINMENT 30.0% FY24 market challenges
Slide 23: Rates above pre-COVID
Rates above pre- Owned Hotel Average Room Rate COVID $280 $260 For personal use only $240 Rate growth in Rydges and Atura – QT strong rates maintained. $220 | VENTURES | TRAVEL $200 Major events like Taylor Swift – drivers of demand and growth. $180 Weekdays are performing well, E V T | ENTERTAINMEN
Slide 24: Hotel brand strategy
Hotel brand strategy For personal use only OWNED BRANDS 10 hotels | 1,550 rooms 43 hotels | 7,434 rooms 5 hotels | 663 rooms 4 hotels | 210 rooms + 610 pods LUXURY BUDGET INDEPENDENT BRANDS 5 hotels | 450 rooms 7 hotels | 710 rooms 5 hotels | 1,049 rooms 3 hotels | 313 rooms E N T E R TA INM E N T |
Slide 25: Hotel growth pipeline
Hotel growth pipeline Added in FY24 FY25 to date Future Developments For personal use only The Old Clare Hotel Harbour Rocks Alex Hotel Perth Atura Oran Park Rydges Resort LyLo Gold Coast (July 2024) Sydney (Feb 2024) Hotel Sydney (Feb 2024) Sydney Wailoaloa Beach Fiji The Inchcolm QT Singapore Rydg
Slide 26: EVT Strategy
EVT Strategy For personal use only | VENTURES | TRAVEL E V T | ENTERTAINMENT Grow revenue above market Maximise assets Business transformation Leverage power of customer base Targeted premiumisation, fewer/better Elevate NPS and eNPS cinemas Smarter pricing, customer informed Automation for efficien
Slide 27: Elevate our Environment
Elevate our Environment For personal use only Emission reduction goals 2030 50% reduction in Scope 1 and 2 carbon emissions by 2030 (compared to the 2023 base year) 25% reduction in Scope 3 carbon emissions by 2030 (compared to the 2023 base year) E N T E R TA INM E N T | V E N T U R E S | T R AV EL
Slide 28: FY25 Outlook
FY25 Outlook For personal use only Expect a weaker 1Q due to late Entertainment Hotels Thredbo winter start for Thredbo and | VENTURES | TRAVEL Entertainment cycling a record Box office still recovering Cycling strong FY24 Winter expected to deliver in post Hollywood strikes - events, NZ market line
Slide 29: Non-IFRS measures note and Thank you
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 measures are used internally by management to asse
Slide 30: Appendix: Underlying EBITDA by segment
2023 2024 VARIANCE Appendix 1 Entertainment $000 $000 Australia 46,039 38,665 -16.0% New Zealand 516 777 +50.6% Germany 30,081 6,193 -79.4% For personal use only Underlying EBITDA down 8.2% Property with record Hotels result offset by Property 7,028 7,088 +0.9% Thredbo materially worse weather | VEN