Kelsian Group Limited · ASX:KLS

Kelsian — Investor Presentation (February 2019)

17 slides from Kelsian's investor presentation, Feb 19, 2019

1. Slide 1: SeaLink Travel Group Limited Investor Presentation – Half Year Results

   SeaLink Travel Group Limited Investor Presentation – Half Year Results 31 December 2018 Presenting today Jeff Ellison Chief Executive Officer and Managing Director Andrew Muir Chief Financial Officer February 2019 CRUISES | TOURS | TRANSPORT | ACCOMMODATION | PACKAGES

2. Slide 2: Highlights

   01 Highlights

3. Slide 3: Business highlights

   Business highlights ‘A solid half with more opportunities to profit’  Total income of $130.4m up $31.7m or 32.1%  Net Profit After Tax of $13.0m, up $1.7m or 15.0%  Strong Net Operating Cashflow of $28.9m up $11.2m or 63.2%  Net debt reduced by $12.5m or 11.8%  Interim dividend of 6.5 cents per

4. Slide 4: Summary profit statement

   Summary profit statement Half Year ending 31 December 2018 $m 2017 $m Growth $m Growth %  Operating revenue rising by $31.7m, up Revenue 130.4 98.7 31.7 32.1 32.1%, driven by new ferry services and the new Fraser Island acquisition Operating expenses (before 104.7 74.9 29.8 39.8 interest, acquisiti

5. Slide 5: Statement of financial position

   Statement of financial position Dec 2018 $m Jun 2018 $m Change $m Total assets 313.4 300.6 12.8 Total liabilities 156.2 148.3 7.9 Net assets 157.2 152.2 5.0 Net Interest Bearing Debt (IBD) 92.8 105.3 (12.5) Gearing (net debt to total tangible assets) 36.3% 43.2% Debt / EBITDA (times) 1.92 2.27  Net

6. Slide 6: Cash flow

   Cash flow Half Year ending 31 Dec 2018 $m 2017 $m Change $m  Good earnings quality with continuing strong Receipts from customers 128.4 98.1 30.3 correlation between EBITDA of $25.7m and gross operating cash flow of $29.4m Payments to suppliers (99.0) (72.1) (26.9)  Net operating cash flow up $11.

7. Slide 7: Segment performance

   02 Segment performance

8. Slide 8: Business unit results

   Business unit results SeaLink South Australia & Tasmania 2018 2017 Variance News  Unseasonal weather disruptions to KI in December - Half Year ending 31 December $m $m $m profit impact of ~$350k Revenue (external) (Ferry, Murray 33.0 31.5 1.5  PS Murray Princess – lower revenue versus strong prior

9. Slide 9: Business unit results – Fraser Island

   Business unit results Fraser Island 2018 2017 Variance News  Kingfisher Bay Resort Group acquired on 26 March, 2018 Half Year ending 31 December $m $m $m  Acquisition includes Kingfisher Bay Resort, Eurong Beach Revenue (external) 31.2 – 31.2 Resort, Fraser Explorer Tours and Fraser Island Ferry o

10. Slide 10: Business unit results – Captain Cook Cruises

    Business unit results Captain Cook Cruises, New South Wales & Western Australia 2018 2017 Variance News  Remain confident in the long term prospects for both Half Year ending 31 December $m $m $m CCC businesses  Tightening domestic consumer spending and a softening Revenue (external) 26.4 27.8 (1.

11. Slide 11: Business unit results – SeaLink Queensland & Northern Territory

    Business unit results SeaLink Queensland & Northern Territory 2018 2017 Variance News  South East Queensland continues to deliver strong Half Year ending 31 December $m $m $m revenue and profit growth  North Stradbroke Island continues to grow both Revenue (external) 39.9 39.4 0.5 passenger and ve

12. Slide 12: Marine fleet and capital investment

    Marine fleet and capital investment Largest operator of marine fleet in Australia  83 vessels in the fleet - fleet size and mix provides flexibility and opportunities  Delivery of 50 passenger super yacht MV Auspro into NSW operating in premium charter market  Acquisition of MV Bowen (Bruny Islan

13. Slide 13: Performance outlook and focus

    03 Performance outlook and focus

14. Slide 14: 2019 Outlook and focus

    2019 Outlook and focus SeaLink positioned for profit growth and acquisitions  Maintain our passenger transport and tourism focus  Continue to investigate leveraging existing capabilities and expertise in passenger movement across various modes of transportation and tourism accommodation — Recent a

15. Slide 15: Appendices

    Appendices

16. Slide 16: SeaLink Operational Snapshot

    Appendix 1 SeaLink Operational Snapshot Location Services Fleet South  Passenger and freight ferry services between Cape Jervis and Kangaroo Island in South Australia 5 vessels Australia  Accommodation and restaurant facilities at Vivonne Bay Lodge on Kangaroo Island  Murray River cruising aboard

17. Slide 17: 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

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