Xreality Group Limited · ASX:XRG
Xreality — H1 2019 Earnings Presentation
12 slides from Xreality's earnings presentation, Feb 28, 2019
Slide 1: Half Year Results Presentation
A visionary adventure leisure company formed to build and operate world class indoor skydiving facilities across the region Half Year Results Presentation For the period ended 31 December 2018 28 February 2019 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Indoor Skydive Australia Group Limited (ISA Any statements or assumptions in this presentation as to future matters may prove to Group) and provides general background information about the Company’s activities. be incorrect and the differences may b
Slide 3: Contents
Contents 1. Overview 2. 2019 Half Year Results 3. Corporate Update 3
Slide 4: 1. ISA Group Overview
1. ISA Group Overview • Operations • Renewed Board of Directors Appointed • Virtual reality successfully integrated • Chairman – Jon Brett – 24th September 18 • Increased Sports flyer occupancy • Non-Exec Director – James Spenceley – 24th September 18 • Change in marketing strategy – mid/long term f
Slide 5: 2. 2019 Half Year Results
1. Overview 2. 2019 Half Year Results 3. Corporate Update 5
Slide 6: 2. 1H19 Results & Analysis Overview
2. 1H19 Results & Analysis Overview 1H 2019 1H 2018 1H19 commentary (‘000) (‘000) Revenue & Other Income $6,562 $7,503 o 12% decrease in revenue due to reduced marketing spend and disruption during the period EBITDA $352 $1,017 o Reported EBITDA reconciles as; Underlying EBITDA* $ 1,046 $1,630 o Leg
Slide 7: 2. 1H19 Results & Analysis - Balance Sheet
2. 1H19 Results & Analysis - Balance Sheet 31 Dec 18 30 Jun 18 (‘000) (‘000) 1H 2019 commentary Property, plant & equipment 41,550 42,151 Intangibles 264 264 o Reduction in PPE relates to half year depreciation with minimal CAPEX. Other assets 2,575 2,926 o Other assets affected mainly by cash posit
Slide 8: 2. 1H19 Results & Analysis – Cashflow
2. 1H19 Results & Analysis – Cashflow 31 December 31 December 2018 2017 (‘000) (‘000) 1H 2019 commentary Receipts from customers 7,143 8,091 Payment of suppliers & employees (7,414) (6,900) o Receipts from Customers decreased by 11.7% due to reduction in marketing spend and disruption Net Cash from
Slide 9: 3. Corporate Update
1. Overview 2. 2019 Half Year Results 3. Corporate Update 9
Slide 10: 3. Corporate Update
3. Corporate Update ü Renewed Board of Directors • Three New Directors Appointed – Highly skilled and Experienced ü Overhead Cost reduction • Corporate relocation – complete • Staff reduction – complete • Supplier review – complete • Annualised savings of $1.1m • Following the restructure of Austral
Slide 11: Repair Balance Sheet – in progress
3. Corporate Update Repair Balance Sheet – in progress Short/Mid Term Strategies Management of Existing Debt; 1. Continue working with our senior financier (WBC) - covenants to be retested at 30 June 19 – not met at 31 Dec 18 2. Consolidation of debt facilities 3. Continuing to analyse all refinanci
Slide 12: Thank you
A visionary adventure leisure company formed to build and operate world class indoor skydiving facilities across the region Thank you For further information: Wayne Jones Director and CEO wjones@indoorskydive.com.au +61 2 4761 1880 12