Xreality Group Limited · ASX:XRG
Xreality — H1 2021 Earnings Presentation
13 slides from Xreality's earnings presentation, Mar 18, 2021
Slide 1: Debt Restructure and Half Year Results
A visionary adventure leisure company bringing Specialised Experiential, Training and Simulation solutions across the region. Debt Restructure and Half Year Results For the period ended 31 December 2020 18 March 2021 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Indoor Skydive Australia Group Limited (ISA Group) and provides Any statements or assumptions in this presentation as to future matters may prove to be incorrect and general background information about the Company’s activities. That information is c
Slide 3: Contents
Contents 1. Key Highlights 2. Debt Restructure 3. 2021 Half Year Results 4. Strategy Update 3
Slide 4: 1. Key Highlights
1. Key Highlights REVENUE $3.5m / +3% Despite restrictions, closures and general customer apprehension brought on by COVID-19 outbreaks across the country. EBITDA +$868k v -$1,651k Increase in EBITDA due to increased revenue, reduction in overheads, more effective marketing and more efficient system
Slide 5: 2. Debt Restructure
2. Debt Restructure Over the past 12 months ISA Group have been executing a strategy of repair after the costly legal dispute in 2018. The debt restructure, resulting in an improvement of $7.7m to the NTA of the company, marks the final phase of the “repair” stage in the company's strategic plan. Th
Slide 6: 2. Debt Restructure cont.
2. Debt Restructure cont. Summary of Changes to Financial Position post reporting period Consolidated Group as at Consolidated Group post Change 31 Dec 2020 restructure* $ ‘000 $ ‘000 $ ‘000 Assets Total Current Assets 2,038 2,751 713 Total Non-current Assets 35,188 35,588 400 Total Assets 37,226 38
Slide 7: 3. 1H21 Results & Analysis Overview
3. 1H21 Results & Analysis Overview 1H 2021 1H 2020 1H 2021 commentary Change (‘000) (‘000) • Revenue & other income reconciles as; Revenue and other o Wind tunnel $3.08m $3,966 $3,406 16.4% income o FREAK Entertainment $0.24m o 2 x centres + 6 weeks of Bondi operations Gross Profit $2,670 $2,508 6.
Slide 8: 3. 1H21 Results & Analysis - Balance Sheet
3. 1H21 Results & Analysis - Balance Sheet 31 Dec 20 30 Jun 20 1H 2021 commentary Prior to debt restructure (‘000) (‘000) Cash and cash equivalents 820 234 • Cash position improvement due to increased sales post COVID-19 closures Property, plant and equipment 24,329 24,667 • Deferred revenue represe
Slide 9: 3. 1H21 Results & Analysis – Cashflow
3. 1H21 Results & Analysis – Cashflow 31 December 31 December 1H 2021 commentary 2020 2019 (‘000) (‘000) o Total cash receipts includes other operational Total Cash receipts 4,298 4,380 income and grants of $585k Payment to suppliers & employees (2,880) (3,809) o 2019 comparative includes 2 months o
Slide 10: 4. Strategy Update
4. Strategy Update Repair Phase Complete Growth and Diversification Phase in Progress • Repair to Balance sheet and debt restructure • Fully Funded FREAK Entertainment Rollout in progress complete • Multiple new sites currently under investigation • Working Capital Raised • Franchise model under dev
Slide 11: 4. Strategy Update
4. Strategy Update Current Operations Current Projects Resulting in: Contingencies: Further Expansion ▪ Advancements in ▪ APAC leader in ▪ Stable Operations ▪ Development of ▪ Diversified portfolio of Technology FREAK Franchise entertainment and immersive ▪ 2 Wind Tunnel model training facilities an
Slide 12: Positioned for Growth
Positioned for Growth Debt Restructure Operational Clear Strategy for Complete Stability Growth Balance sheet strengthened Sales and Revenue improvement Australian and global opportunities through debt reduction and with strong cashflows and a through entertainment and training working capital injec
Slide 13: For further information
A visionary adventure leisure company bringing Specialised Experiential, Training and Simulation solutions across the region. For further information: Wayne Jones Director and CEO wjones@indoorskydive.com.au 13