Slide 1: Experience Co FY23 Results
“TREETOPS ABVENJURE | CAPE TRIBULATION | AUSTRALIA - EXPERIENCECO —
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (‘EXP’) contains summary information about EXP and its related bodies corporate and their activities. The information in this presentation is of a general background nature and does not purport to be complete
Slide 3: Agenda
AGENDA BUSINESS UPDATE FINANCIAL RESULTS STRATEGY, TRADING UPDATE & OUTLOOK SKYDIVE AUSTRALIA | BYRON BAY | AUSTRALIA EXPERIENCE: EXPERIENCE CO LIMITED | FY23 RESULTS | 24 AUGUST 2023 04 os 4
Slide 4: Business Update
EXPERIENCECO EXPERIENCE CO LIMITED | FY23 RESULTS | 24 AUGUST 2023 4
Slide 5: Strongest Trading Period Post Pandemic
STRONGEST TRADING PERIOD POST PANDEMIC FY23 trading volumes and revenue largely domestic driven, demonstrating the benefit of portfolio diversification. EXP has continued to invest to grow the business MARKET IMPROVEMENT Strongest trading volumes and revenue since the pandemic Labour supply pressure
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS FY23 IN BRIEF $108.6m $11.3m $8.6m $4.1m Sales Revenue Underlying EBITDA’ Cash & cash equivalents $0.5m $9.5c $6.8m Skydiving Underlying EBITDA’ $13.5m Net loss after tax NTA per share Net debt? Adventure Experiences Underlying EBITDA’
Slide 7: Australia's Inbound Demand Recovery Continues
AUSTRALIA’S INBOUND DEMAND RECOVERY CONTINUES Inbound visitation to Australia continues to grow in line with expectation with Visiting Friends and Relatives (VFR) remaining the dominant reason for visitation in FY23. Outbound travel by Australians continues to outperform Visitor Arrivals growth rela
Slide 8: Financial Results
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Slide 9: Financial Performance
FINANCIAL PERFORMANCE GROUP FINANCIALS REVENUE 108.6 55.8 494.4% EBITDA’ 10.0 (5.3) nia PROFIT / (LOSS) BEFORE TAX (0.3) (7.9) nla PROFIT / (LOSS) AFTER TAX (0.5) (13.6) nla UNDERLYING EBITDA’ m3 (2.4) nla NTA PER SHARE (CENTS)? 95 87 nla NET CASH / (DEBT)? (6.8) 3.0 nla EXPERIENCE COMMENTARY Volume
Slide 10: FY23 Revenue
EXPERIENCECO FY23 REVENUE Revenue growth on FY22 driven by volume recovery GROUP REVENUE SKYDIVING 48.0 +112.4% ADVENTURE EXPERIENCES 606 332 +825% SALES REVENUE! 108.6 55.8 +94.6% FY23 REVENUE COMPOSITION 120 = 100 lTreetops Adventure & ® 80 > 3 Adventure Experiences c g 60 io ii aviation® 20 , FY2
Slide 11: Skydiving
SKYDIVING COMMENTARY SALES REVENUE 48.0 22.6 +112.4% . OTHER INCOME 0s 1s (68.3%) TOTAL SEGMENT REVENUE 48.5 24.2 +100.4% UNDERLYING EBITDA 41 (2.1) nla ndemic volume nger ~NZ$500 SKYDIVING VOLUME RECOVERY FY19 SEASONALITY n 5 an ADS, omers accounted for u 0 (FY19: 38%) of monthly volume in 2H23. In
Slide 12: Adventure Experiences
ADVENTURE EXPERIENCES COMMENTARY Stro} formance ne full year SALES REVENUE 60.6 332 +825% om nality in the domest OTHER INCOME 22 28 (21.4%) O 2 larch) and the impact of the TOTAL SEGMENT REVENUE 62.8 36.0 +T4.4% UNDERLYING EBITDA BS 5.6 +141.4% y ally driven from the ‘omer visitation continu TREETO
Slide 13: Balance Sheet
BALANCE SHEET BALANCE SHEET METRICS CASH & CASH EQUIVALENTS 86 183 (535%) TANGIBLE ASSETS 114.4 110.6 35% NET CASH / (DEBT! (6.8) 3.0 nla NET TANGIBLE ASSETS ns 653 10.0% CASHFLOW NET OPERATING CASHFLOW 97 30 nla NET INVESTING CASHFLOW (14.7) (469) nla NET FINANCING (48) 489 nla NET CASHFLOW (9.7) 5
Slide 14: Strategy, Trading Update & Outlook
REEF MAGIC ‘REMOORA’ | CAIRNS | Fe tra = EXPERIENCECO
Slide 15: Target areas for growth opportunities
Legend Target areas for growth opportunities Scale of existing EXP exposure ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 16: Investment in Portfolio
INVESTMENT IN PORTFOLIO FY23 saw the Group invest in growth projects and bolt on acquisitions to improve the future earnings potential and operational capabilities of the business CAPE TRIBULATION + Newsite in Cape Tribulation, Er Daintree region in QLD X_N © Opened july 2022 SS P _ JUMP)#1L OTs, ;
Slide 17: International Leverage on the Horizon
INTERNATIONAL LEVERAGE ON THE HORIZON Announcement of China ADS! for Australia on 10 August 2023 a positive catalyst for recovery PAST 6 PREDI TAT ALS TO INTERNATIONAL OPPORTUNITY REMAINS ADEA ROR ab AS ARES CY 2005 - CY 2029 + — International, in particular China, was a key source market for our Sk
Slide 18: Trading Update & Outlook
TRADING UPDATE & OUTLOOK Improving outlook into FY24 RECENT TRADING Solid trading volumes across the month of July, a key domestic holiday period Revenue per customer and direct % consistent with FY23 Skydive and Treetops Adventure volumes ahead of July 2022 by ~28% Reef Unlimited continues to see o
Slide 19: Thank You
EXPERIENCECO i a CALYPS @ Skydive | Gigen island LYPSO acer macic Treetops i DAINTREE 3g + Ape, Wilds A AREER anea N=euT UG) |BiSiocy LelizL 0 at SKYDIVE = QPorepenee, THANK YOU