Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — Shareholder Meeting (October 2023)
52 slides from Helloworld Travel's shareholder meeting presentation, Oct 25, 2023
Slide 1: ASX cover letter for AGM presentation
25 October 2023 The Manager Market Announcements Office ASX Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam, Please find attached a copy of the Chairman and CEO addresses, and AGM Presentation to be presented at Helloworld Travel Limited’s 2023 Annual General Meeting, being held tod
Slide 2: Chairman's Address
Chairman’s Address Melbourne, 25 October 2023 Chairman’s Welcome Good morning everyone and welcome to the 2023 Annual General Meeting of Helloworld Travel Limited. My name is Garry Hounsell, and I am the Chairman of the Board of Helloworld Travel Limited and the Chairman for this morning’s AGM. I be
Slide 3: Introduction of CFO and Group Company Secretary
Introduction of CFO and Group Company Secretary Also in attendance is Mike Smith, our Chief Financial Officer and Sylvie Moser, our Group Company Secretary. Introduction of EY Partners Also in attendance are Brett Croft and Amy Burgin, representing Helloworld Travel Limited’s auditor, Ernst & Young.
Slide 4: Voting procedure
For those eligible to vote, as the poll is open, a voting icon is available on your screen. Selecting this icon will bring up a list of resolutions and present you with voting options. You are free to submit your votes at any time. To cast your vote, simply select one of the options. There is no nee
Slide 5: TTV
TTV From the beginning of FY23, TTV, which Helloworld recognises on a travelled basis, was maintained at the level reached only in the last month of FY22. After some consistency over the period July 22 to May 23, June saw TTV of $310 million, our highest level since 2019 on a like-for- like basis. O
Slide 6: CEO's Address
CEO’s Address Thank you, Garry. Thank you for joining us this morning and for your continued support of Helloworld Travel Limited. In particular, I welcome back our many long-term shareholders and of course welcome our new shareholders. Strong demand for travel continues Strong demand from traveller
Slide 7: Financial highlights from FY23
We expect the recovery will continue throughout the FY24 year ahead and FY25 to return to FY19 levels (assuming increased airline capacity). By the end of the financial year all our operating segments had returned to profitability. This was despite the continued rise in interest rates and significan
Slide 8: Capital Management and Dividends
Capital Management and Dividends When the pandemic struck, Helloworld approximately $100 million of external bank debt. Following the sale of HLO’s Corporate Division in March 2022, we emerged from the pandemic with no external bank debt. Our three acquisitions in FY23 have been completed with the c
Slide 9: Freight – Entertainment Logistix
Freight – Entertainment Logistix Our Entertainment Logistix business continued to grow throughout the year and the Company now operates 130 vehicles and trailers specialising in Live Entertainment, Theatre, Television and Film Production and other related fields. Gross revenue increased as a result
Slide 10: Thank you
Thank you Following the most challenging time in the travel industry, Helloworld has gone from strength to strength, delivering multiple profit upgrades and continuing to support our network members and customers. I would like to thank all of our shareholders for their continued support and can I al
Slide 11: Annual General Meeting
ANNUAL GENERAL MEETING Registration: https//meetnow.global/M926J6Q 1
Slide 12: Disclaimer
Disclaimer The information contained in these materials or discussed at the presentation is not intended to be an offer for subscription, invitation or recommendation with respect to shares or securities in any jurisdiction. No representation or warranty, express or implied, is made as to the fairne
Slide 13: Mr Garry Hounsell Chairman
Mr Garry Hounsell Chairman Helloworld Travel Limited – Annual General Meeting 2023 3
Slide 14: Directors
Directors Garry Hounsell Andrew Burnes AO Cinzia Burnes Chairman Chief Executive Officer & Chief Operations Officer & Managing Director Executive Director Rob Dalton Hon. Martin Pakula Leanne Coddington Non-Executive Director Non-Executive Director Non-Executive Director Helloworld Travel Limited –
Slide 15: Management in Attendance
Management in Attendance Mike Smith Sylvie Moser Chief Financial Officer Group Company Secretary Helloworld Travel Limited – Annual General Meeting 2023 5
Slide 16: Auditors in Attendance
Auditors in Attendance Brett Croft Amy Burgin Partner Assurance Partner Assurance Helloworld Travel Limited – Annual General Meeting 2023 6
Slide 17: Question and Voting Procedures
Question and Voting Procedures Helloworld Travel Limited – Annual General Meeting 2023 7
Slide 18: Chairman's comments
Chairman’s comments Helloworld Travel Limited – Annual General Meeting 2023 8
Slide 19: TTV increased 138% YoY to $2,569 million
TTV increased 138% YoY to $2,569 million $124,102 $266,367 $238,809 $448,011 $560,960 $647,108 $596,248 $764,550 Helloworld Travel Limited – Annual General Meeting 2023 9
Slide 20: Mr Andrew Burnes, AO CEO & Managing Director
Mr Andrew Burnes, AO CEO & Managing Director Helloworld Travel Limited – Annual General Meeting 2023 10
Slide 21: Strong demand for travel continues
Strong demand for travel continues • Strong demand from leisure travellers driven by the removal of border restrictions and increasing supply and capacity. • Agent network members reported a very busy year and travellers understand the value of having a trusted advisor for their travel needs more th
Slide 22: Strong demand for travel continues
Strong demand for travel continues • Sales for our Inbound divisions in AU/NZ/FJ and for our wholesale partners around the world have also increased and are back at over 60% of 2019 levels. • Helloworld’s premium air sales have recovered faster than total air sales. • Recovery in inbound passenger n
Slide 23: Financial highlights from FY23
Financial highlights from FY23 • Underlying EBITDA of $44.1 million compared to a $10.6 million underlying EBITDA loss in the prior year. • Total Transaction Value (TTV) of $2.57 billion (FY22: $1.08 billion); an increase of $1.49 billion or 138.5%. • Total revenue increased to $165.9 million (FY22:
Slide 24: Recent acquisitions
Recent acquisitions Express Travel Group • 100% stake acquired for $70 million. • Retail networks, wholesale operations and ticketing businesses in Australia and New Zealand. • Ticketing technologies transitioned to Helloworld systems in July 2023. Australiareiser Group • 34% stake in an Oslo based
Slide 25: Capital and Debt management
Capital and Debt management • When the pandemic struck, Helloworld had approximately $100 million of external bank debt. • Following the sale of HLO’s Corporate Division in March, 2022 HLO emerged from the pandemic with no external bank debt. • Three acquisitions in FY23 completed with the cash comp
Slide 26: Network members - The rise of the Trusted Advisor
Network members - The rise of the Trusted Advisor Helloworld’s agent and broker networks continue to positively respond to the growing travel demand and are a ‘trusted advisor’ to their clients 2,400+ (incl ETG) | 2,064 at 30 June 2022 • Agencies and brokers in Helloworld’s networks have reported th
Slide 27: Delivering new technology solutions
Delivering new technology solutions • Throughout FY23 we continued to invest in our proprietary systems - our retail agency mid-office platform (‘ResWorld’), our wholesale and inbound systems (‘Mango’ and ‘Ready Rooms), and our Air Tickets booking engine (‘Smart Tickets’). • Now rolled out to over 6
Slide 28: Freight – Entertainment Logistix
Freight – Entertainment Logistix • Entertainment Logistix is Australia’s largest provider of specialist transport and logistics services to the entertainment industry. • Entertainment Logistix fleet has grown to 130 vehicles and trailers. • Gross revenue increased as a result of the return of major
Slide 29: September 2023 Quarter
September 2023 Quarter • Underlying EBITDA for the quarter (unaudited) was $16.8 million compared with $5.5 million in Q1 FY23. • TTV for the September 2023 quarter (unaudited) was $1.232 billion, up 120% on the prior corresponding period. • Total revenue for the quarter (unaudited) was $53.6 millio
Slide 30: Outlook for FY24
Outlook for FY24 • Underlying EBITDA guidance of $64-$72 million for FY24, which includes contributions from recent acquisitions. Helloworld reaffirms this guidance, subject to no materially adverse impacts on our business. • We expect continued growth in travel volumes during FY24, with FY25 to ret
Slide 31: Thank you
Thank you Helloworld Travel Limited – Annual General Meeting 2023 21
Slide 32: Formal Business
Formal Business Helloworld Travel Limited – Annual General Meeting 2023 22
Slide 33: Discussion on FY23 Financial Statements and Reports
Discussion on FY23 Financial Statements and Reports Helloworld Travel Limited – Annual General Meeting 2023 23
Slide 34: Discussion on FY23 Financial Statements and Reports Questions
Discussion on FY23 Financial Statements and Reports Questions Helloworld Travel Limited – Annual General Meeting 2023 24
Slide 35: Resolution 1: Adoption of the Remuneration Report
Adoption of the Remuneration Report Resolution 1 “To consider and, if thought fit, approve the Remuneration Report, which forms part of the Directors’ Report for the financial year ended 30 June 2023.” Helloworld Travel Limited – Annual General Meeting 2023 25
Slide 36: Adoption of the Remuneration Report Questions
Adoption of the Remuneration Report Questions Helloworld Travel Limited – Annual General Meeting 2023 26
Slide 37: Adoption of the Remuneration Report proxy votes
Adoption of the Remuneration Report Proxy Votes Number Percentage For 55,784,521 99.13 Against 413,528 0.73 Open-Usable 76,278 0.13 Abstain 22,634 - Excluded 41,135,722 - Helloworld Travel Limited – Annual General Meeting 2023 27
Slide 38: Re-Election of Director
Re-Election of Director Helloworld Travel Limited – Annual General Meeting 2023 28
Slide 39: Re-Election of Director – Garry Hounsell
Re-Election of Director – Garry Hounsell Resolution 2 “That Garry Hounsell, who retires by rotation in accordance with the Company’s Constitution and the ASX Listing Rules and, being eligible, is elected as a Director of HLO.” Helloworld Travel Limited – Annual General Meeting 2023 29
Slide 40: Re-Election of Director – Garry Hounsell Questions
Re-Election of Director – Garry Hounsell Questions Helloworld Travel Limited – Annual General Meeting 2023 30
Slide 41: Re-Election of Director – Garry Hounsell proxy votes
Re-Election of Director – Garry Hounsell Proxy Votes Number Percentage For 97,167,869 99.83 Against 85,946 0.09 Open-Usable 77,150 0.08 Abstain 101,718 - Excluded - - Helloworld Travel Limited – Annual General Meeting 2023 31
Slide 42: Election of Directors
Election of Directors Helloworld Travel Limited – Annual General Meeting 2023 32
Slide 43: Election of Director – Hon. Martin Pakula
Election of Director – Hon. Martin Pakula Resolution 3.0 “That Martin Pakula, having been appointed as a Director of HLO since the last Annual General Meeting and who retires in accordance with the Company’s Constitution and the ASX Listing Rules and, being eligible, is elected as a Director of HLO.
Slide 44: Election of Director – Hon. Martin Pakula Questions
Election of Director – Hon. Martin Pakula Questions Helloworld Travel Limited – Annual General Meeting 2023 34
Slide 45: Election of Director – Hon. Martin Pakula proxy votes
Election of Director – Hon. Martin Pakula Proxy Votes Number Percentage For 97,144,052 99.80 Against 106,601 0.11 Open-Usable 78,878 0.09 Abstain 103,152 - Excluded - - Helloworld Travel Limited – Annual General Meeting 2023 35
Slide 46: Election of Director – Leanne Coddington
Election of Director – Leanne Coddington Resolution 3.1 “That Leanne Coddington, having been appointed as a Director of HLO since the last Annual General Meeting and who retires in accordance with the Company’s Constitution and the ASX Listing Rules and, being eligible, is elected as a Director of H
Slide 47: Election of Director – Leanne Coddington Questions
Election of Director – Leanne Coddington Questions Helloworld Travel Limited – Annual General Meeting 2023 37
Slide 48: Election of Director – Leanne Coddington proxy votes
Election of Director – Leanne Coddington Proxy Votes Number Percentage For 97,313,506 99.88 Against 34,115 0.04 Open-Usable 76,778 0.08 Abstain 8,284 - Excluded - - Helloworld Travel Limited – Annual General Meeting 2023 38
Slide 49: Poll Procedure
Poll Procedure Helloworld Travel Limited – Annual General Meeting 2023 39
Slide 50: Closure of Poll
Closure of Poll Results of Poll Announced to ASX Helloworld Travel Limited – Annual General Meeting 2023 40
Slide 51: Closure of meeting Questions
Closure of meeting Questions Helloworld Travel Limited – Annual General Meeting 2023 41
Slide 52: Thank you
Thank you Helloworld Travel Limited – Annual General Meeting 2023 42
Helloworld Travel — Shareholder Meeting (October 2023) on 6ix