Slide 1: 1H18 Results Presentation
For personal use only 1H18 RESULTS PRESENTATION February 2018 ACN 167 320 470 ASX: EXP
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation has been prepared by Experience Co Limited ACN 167 320 470 (”EXP”) Summary information This presentation contains summary information about EXP and its related bodies corporate and their activities, current as at 12 February 2018. The information in
Slide 3: Agenda
AGENDA For personal use only • 1H18 FINANCIAL PERFORMANCE AND COMMENTARY • 1H18 HIGHLIGHTS • FY18 OUTLOOK AND GUIDANCE 3
Slide 4: Financial Performance – 1H18
FINANCIAL PERFORMANCE – 1H18 For personal use only 1H18 1H17 1H18 VS 1H17 (%) Revenue ($m) 59.2 39.1 51.5% EBITDA * ($m) 11.2 8.2 37.0% Normalised EBITDA ** ($m) 13.2 8.8 50.0% NPAT ($m) 4.6 3.6 28.0% Normalised NPAT *** ($m) 6.2 4.2 47.6% *EBITDA is a financial measure, which is not prescribed by A
Slide 5: Financial Performance – 1H18
FINANCIAL PERFORMANCE – 1H18 (CONT) For personal use only UNDERLYING EBITDA 1H18 ACTUAL UNDERLYING NPAT 1H18 ACTUAL Revenue ($m) 59.2 Revenue ($m) 59.2 EBITDA ($m) 11.2 NPAT ($m) 4.6 EBITDA (%) 18.9% NPAT (%) 7.8% One-off items * ($m) 2.0 One-off items ** ($m) 2.3 Normalised EBITDA 13.2 Normalised N
Slide 6: Financial Performance – 1H18 Normalised Cashflow
FINANCIAL PERFORMANCE – 1H18 (CONT) For personal use only NORMALISED CASHFLOW 1H18 ACTUAL 1H17 ACTUAL Net cash provided by Operating activities per 4D 5.0 6.5 Finance Costs paid 0.9 0.4 Tax Paid 2.5 1.8 Sub-total 8.5 8.7 Movements in working capital from completion date to end of 1.9 - financial per
Slide 7: Financial Reporting of Operating Segments
FINANCIAL REPORTING OF OPERATING SEGMENTS For personal use only OTHER SKYDIVING SKYDIVING SHARED ADVENTURE SUB-TOTAL TOTAL AUS NZ SERVICES EXPERIENCES Revenue ($m) 1H18 25.8 12.9 20.5 59.2 59.2 Revenue ($m) 1H17 24.4 12.0 2.7 39.1 39.1 Growth (%) 5.7% 7.5% 659.3% 51.5% 51.5% Normalised ** EBITDA * (
Slide 8: Commentary on 1H18 Results
COMMENTARY ON 1H18 RESULTS For personal use only • Revenue up 51.5% • Normalised EBITDA up 50% • Normalised NPAT up 47.6% • Normalised Net Cash provided from operating activities up 33.3% 8
Slide 9: Commentary on 1H18 Results: Tandem Skydiving
COMMENTARY ON 1H18 RESULTS (CONT) For personal use only Tandem Skydiving operations overview: AUS NZ TOTAL Bookings (1H18 vs 1H17) +18% +22% +20% Tandem Skydives (1H18 vs 1H17) +18% +11% +16% Processing Rates * (1H18) 79.3% 68.8% 75.8% Processing Rates * (1H17) 79.8% 75.5% 78.4% *Processing Rate is
Slide 10: Commentary on 1H18 Results: Raging Thunder
COMMENTARY ON 1H18 RESULTS (CONT) For personal use only Other adventure operations overview: Raging Thunder • 6-month contribution to 1H18 results • Financials in line with management expectations • PAX numbers up 5.7% YOY • Raging Thunder Marine now being managed by Reef Magic Cruises, with Reef Ma
Slide 11: Commentary on 1H18 Results: Reef Magic and Byron Bay Ballooning
COMMENTARY ON 1H18 RESULTS (CONT) For personal use only Reef Magic Cruises • 6-month contribution to 1H18 results • Financials in line with management expectations • PAX numbers in marine as a whole increased by 1% YOY • Reef Magic now operates out of Experience Co Headquarters in Cairns, having mov
Slide 12: Commentary on 1H18 Results: Ballooning and Helicopters
COMMENTARY ON 1H18 RESULTS (CONT) For personal use only Wine Country Ballooning • 3 months and 12 days contribution to 1H18 results • Financials in line with management expectations • PAX numbers increased by 7.3% YOY Great Barrier Reef Helicopters • 2-month contribution to 1H18 results • Financials
Slide 13: Commentary on 1H18 Results: Blue Ocean, Big Cat, Tropical Journeys
COMMENTARY ON 1H18 RESULTS (CONT) For personal use only Blue Ocean Productions • 1 month and 3 day contribution to 1H18 results • Financials in line with management expectations • Photographic services to begin being offered to Big Cat Green Island, Tropical Journeys, and Raging Thunder Adventures i
Slide 14: Highlights for 1H18
HIGHLIGHTS FOR 1H18 For personal use only • Changed company name to Experience Co Limited and put parent company brand into the marketplace Experience Co Headquarters in Cairns, North Queensland which houses all of FNQ experiences Experience Co retail shop in Cairns, North Queensland 14
Slide 15: Highlights for 1H18
For personal use only HIGHLIGHTS FOR 1H18
Slide 16: Highlights for 1H18
HIGHLIGHTS FOR 1H18 (CONT) For personal use only • Successful completion and integration of Byron Bay Ballooning (Byron Bay, NSW) • Acquisition completed 21 July 2017 • Successful completion and integration of Wine Country Ballooning (Hunter Valley, NSW) • Acquisition completed 18 September 2017 • S
Slide 17: Highlights for 1H18
HIGHLIGHTS FOR 1H18 (CONT) For personal use only • Successful completion and integration of Blue Ocean Productions (Cairns, Far North Queensland) • Acquisition completed 28 November 2017 • Raised $60.9m through an Accelerated Non-Renounceable Entitlement Offer, oversubscribed by a strong investor ba
Slide 18: FY18 Outlook and Guidance
FY18 OUTLOOK AND GUIDANCE For personal use only The Directors of Experience Co Limited wish to re-affirm the FY18 guidance as previously provided FY18 GUIDANCE Revenue ($Am) 135 – 140 Normalised EBITDA ($Am) 35 - 37 Bookings and passenger numbers continue to track ahead of management expectations as
Slide 19: Further information
For personal use only Further information jenceCos i ee vic )gbr helicopters Ex e tl € n O8 @ Skydive | Reef Magic e @ g above epee SKYDIVE WANAKA S) SKYDIVE SOUTHERN ALPS SIRY DIE Wy Byron Bay Ballooning Green Island TROPICALJOURNEYS DAINTREE Reef Cruises EXPERIENCECO.COM SKYDIVE.COM.AU REEFMAGICCR