Kelsian Group Limited · ASX:KLS
Kelsian — Investor Presentation (August 2021)
25 slides from Kelsian's investor presentation, Aug 25, 2021
Slide 1: SeaLink Travel Group Limited Investor Presentation – Year Ended 30 June 2021
SeaLink Travel Group Limited Investor Presentation – Year Ended 30 June 2021 Clint Feuerherdt – Group Chief Executive Officer & Andrew Muir – Chief Financial Officer TRANSPORT | CRUISES | TOURS | ACCOMMODATION | PACKAGES 25 August 2021
Slide 2: Important notice – disclaimer
Important notice – disclaimer This document has been prepared by SeaLink Travel Group Limited (ACN 109 078 257) (SeaLink or the Company). No party other than SeaLink has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertak
Slide 3: Review of FY21
1 Review of FY21
Slide 4: FY21 financial snapshot
FY21 financial snapshot Strong financial performance and a secure balance sheet position Revenue Underlying EBITDA Underlying NPATA $1,173.1 million $167.5 million $74.7 million up 88.1% pcp up 85.2% pcp up 152.6% pcp Fully franked final dividend Strong balance sheet Gross operating cash flow 9.0 ce
Slide 5: FY21 overview
FY21 overview A resilient portfolio, realising significant organic growth opportunities Demonstrated resilience and the essential services nature of bus contracts Organic revenue growth secured or commenced in FY21 of $175m per annum Capitalised on heightened domestic tourism demand Cost bas
Slide 6: Strategic positioning for the future
Strategic positioning for the future Move into markets that unlock organic growth opportunities Maintain customer centric focus Continue to invest in people, assets and technology base Strategic positioning Continue to refine cost base and operations to be as efficient as possible, exploitin
Slide 7: Safety and sustainability
Safety and sustainability COVID-19 response – staff, passengers, social distancing, protective barriers, masks, temperature tests, hygiene and cleaning protocols, cashless, boarding procedures and QR codes, maximum loads, rapid antigen testing Captured and embedded learnings from COVID-19 includ
Slide 8: SeaLink today
2 SeaLink today
Slide 9: Divisional overview
Divisional overview 88% of revenue contracted with government and blue-chip counterparties Division Australian Bus International Bus Marine & Tourism Provides bus public transport Provides contracted public services under contract to Passenger and Tourism Overview transport services on behalf of gov
Slide 10: FY21 Financial results
Travel Group. — = | ® : Z SEALI
Slide 11: Summary profit & loss statement
Summary profit & loss statement Financial discipline and strong profit performance in challenging operating conditions Record revenue rising to $1.17 billion, driven by impact of TSG acquisition, new contracts and rebounding performance from Marine & Tourism Strong EBITDA contribution from Marin
Slide 12: One-off items
One-off items One-off items driven by COVID, bushfires and growth costs Transaction costs – ($3.9 million) Transaction related costs associated with the acquisition of Go West Tours and residual costs from Transit Systems Group Tender costs – ($1.1 million) Expenses associated with the large num
Slide 13: Cash flow
Cash flow Underlying business continues to generate strong cash flow Record gross operating cashflow of $157.4 million Significant reinvestment in the business improving asset quality Dividends paid of $25.1 million Increased taxes paid reflect tax provided as part of the Transit Systems Gro
Slide 14: Conservative capital structure
Conservative capital structure Balance Sheet strength is an asset offering resilience and creates optionality Balance sheet in good shape Significant cash reserves of $103.5 million Liquidity buffer of circa $186.1 million Leverage maintained at 1.4x Senior interest bearing debt steady at
Slide 15: Capex overview
Capex overview FY21 saw $41.7 million of capital deployed to underpin growth and upgrade asset base Major additions / investments during the period Marine & Tourism Vessels for Magnetic Island, Bruny Island, Southern Moreton Bay, Brisbane River and Sydney dining vessel (construction almost complet
Slide 16: Divisional overview
4 Divisional overview
Slide 17: Australian Bus
Australian Bus Overview of FY21 performance Reliable performance from a Government contracted portfolio Commentary Financial year ended 2021 2020* Growth Growth 30 June Further margin improvement for the period $m $m $m % Full year Adelaide contracts contribution Revenue 702.2 277.2 425.0 153.3%
Slide 18: International Bus
International Bus Overview of FY21 performance Significant expansion in Singapore and London strategic review complete London London continues to be a very challenging market Route cutbacks by Transport for London as part of COVID- 19 budget constraints Surplus capacity in London garages creat
Slide 19: Marine & Tourism
Marine & Tourism Overview of FY21 performance Robust domestic travel demand, disciplined cost control and focus on operational efficiency Commentary Strong domestic travel demand – particularly Queensland Disciplined cost control and focus on operational efficiency Investment in fleet ongoing
Slide 20: Corporate
Corporate Overview of FY21 performance Focus on consolidation, integration and efficiency improvements Financial year ended 2021 2020* Change Change 30 June $m $m $m % Revenue - - - Direct expenses - - - Indirect expenses (20.6) (16.5) (4.1) 24.9% Operating expenses (20.6) (16.5) (4.1) 24.9% Underly
Slide 21: Outlook and Growth
SEALINK Travel Group
Slide 22: Trading update & outlook
Trading update & outlook Business fundamentals remain sound despite ongoing environmental headwinds July 2021 trading results for Marine & Tourism impacted by COVID-19 related lockdowns Majority of earnings are non-discretionary and derived from essential and/or contracted services FY22 YTD Bu
Slide 23: Growth
Growth Strong organic growth pipeline with capacity for further targeted acquisitions Near-term objectives Medium to long-term objectives Leverage recent Go West Tours acquisition Position Tower Transit London to drive efficiencies and change in scale Significant bus contract pipeline in Austr
Slide 24: Australian operations
Australian operations Staff Vessels Buses & Coaches Depots / Ports Contracts Passengers 6,815 117 2,797 71 38 106 million PAGE 24
Slide 25: Diversified and resilient platform for growth
Diversified and resilient platform for growth Operations are diversified by transport mode, geography, contract expiry and customer base SEALINK PRE-TRANSIT Our contracted land and water-based transport COMBINED GROUP SYSTEMS GROUP operations provide a consistent earnings base FY21 ACQUISITION fro