Evt Limited · ASX:EVT
Evt — Event Hospitality & Entertainment — FY2016 Earnings Presentation
33 slides from Evt's earnings presentation, Aug 26, 2016
Slide 1: Full Year (30 June 2016) Results Presentation
For personal use only EVENT HOSPITALITY & ENTERTAINMENT LIMITED (previously Amalgamated Holdings Limited) Full Year (30 June 2016) Results Presentation Date: 26 August 2016 Further information ASX Company Security Code: EVT (previously AHD) Telephone: +61 2 9373 6600 Contact: David Seargeant (Group
Slide 2: Results summary
Results summary 30 June 2016 30 June 2015 Total revenue and other income $1,280.889 million $1,174.662 million For personal use only Profit for the year $130.248 million $108.890 million Earnings per share (basic) $0.822 $0.689 Net tangible asset backing per ordinary share $5.64 $5.44 Total dividend
Slide 3: Results by segment
30 June 16 30 June 15 Movement Results $’000 $’000 $’000 Movement Cinema Entertainment – Australia 88,515 78,576 9,939 12.6% For personal use only Cinema Entertainment – New Zealand 10,508 8,264 2,244 27.2% Cinema Entertainment – Germany 36,042 25,126 10,916 43.4% Hotels and Resorts 51,849 41,400 10
Slide 4: Business operations update: Cinema Entertainment – Australia
Business operations update Cinema Entertainment – Australia 72 sites (including joint operation sites) For personal use only 668 screens (including 527 traditional, 84 Gold Class, 55 Vmax and 2 Drive In screens) The normalised profit before interest and income tax expense was $88,515,000, an increas
Slide 5: Cinema Entertainment – Australia (continued)
Cinema Entertainment – Australia (continued) One of the Group’s main areas of focus continues to be the Cinebuzz loyalty program. The program is used to build and maintain cinema visitation loyalty to increase market share. For personal use only During the year, the Group opened five new cinema comp
Slide 6: Business operations update: Cinema Entertainment – New Zealand
Business operations update Cinema Entertainment – New Zealand (including Fiji) 19 sites (including joint operation sites) For personal use only 132 screens (including 126 traditional, 4 Gold Class, 1 Vmax and 1 IMAX screens) The normalised profit before interest and income tax expense was $10,508,00
Slide 7: Business operations update: Cinema Entertainment – Germany
Business operations update Cinema Entertainment – Germany 53 sites (including two 50% joint venture sites) For personal use only 411 screens (including 409 traditional and 2 IMAX screens) The normalised profit before interest and income tax expense was $36,042,000, an increase of $10,916,000 or 43.4
Slide 8: Cinema Entertainment – Germany (continued)
Cinema Entertainment – Germany (continued) German produced films managed to attain a 16.8% share of the total German Box Office compared to 18.8% achieved in the prior comparable year. Alternative content, which included broadcasts of opera and other content, maintained its popularity during the yea
Slide 9: Business operations update: Hotels and Resorts
Business operations update Hotels and Resorts (Rydges Hotels and Resorts, QT Hotels and Resorts and Atura Hotels) 24 owned hotels (3,413 rooms) | 31 managed hotels (5,458 rooms) For personal use only Total = 55 hotels (8,871 rooms) The normalised profit before interest and income tax expense was $51
Slide 10: Hotels and Resorts (continued)
Hotels and Resorts (continued) leisure volumes have been pleasing but remain price sensitive and a strong promotional focus has been required to maintain the Group’s market share. For personal use only The Group’s managed hotels performed well with the exception of results in Darwin, Perth and Brisb
Slide 11: Thredbo Alpine Resort
Thredbo Alpine Resort The normalised profit before interest and income tax expense was $15,007,000, an increase of $1,597,000 or 11.9% above the prior comparable year. The result reflects another outstanding ski season, which despite lower than average snowfall, was one of the most successful on rec
Slide 12: Property and available-for-sale assets
Property and available-for-sale assets The normalised profit before interest and income tax expense was $5,332,000 or 28.3% below the prior comparable year. The result was impacted by pre-opening and depreciation costs on two recently completed property developments, and a reduction in the fair valu
Slide 13: Current cinema development pipeline
Current cinema development pipeline Screens Location Opening Type of operation Lease term Total Gold Class Vmax Traditional For personal use only Hindley Street, Adelaide SA 2016 100% Not applicable 6 – – 6 Palmerston Darwin NT 2017 50% joint operation 15 years 6 – 2 4 Smithfield Cairns QLD 2017 100
Slide 14: Current development pipeline (continued): Hotels
Current development pipeline (continued) Hotels For personal use only • QT Melbourne (former cinema site on Russell Street) o 188 room QT hotel o Selling 24 apartments on the top two levels (contracts for 22 apartments have been exchanged) o Open September 2016 Above: Russell Street Melbourne (Artis
Slide 15: Current development pipeline (continued): QT Perth
Current development pipeline (continued) Hotels For personal use only • QT Perth o Demolition of the Group owned building (previous cinema complex) at the corner of Murray and Barrack Streets in Perth o Construction of 184 room QT hotel and an additional 21 apartments o Expected to open in 2018
Slide 16: Recently completed developments
Recently completed developments For personal use only • 478 George Street o Completed October 2015 o $38 million capex (plus fit-out costs of $14 million) o 16 levels (2 retail and 14 commercial levels) o 950m2 retail space occupied by Flight Centre o 9 of the commercial levels are occupied by EVT (
Slide 17: Recent acquisitions
Recent acquisitions • Museum Art Hotel, Wellington New Zealand o Finalised the acquisition of the 163 room hotel in August For personal use only 2015 and the hotel will be rebranded to QT Arts Wellington o The total purchase price relating to the acquisition was NZ$28.5 million • 100 Cable Street, W
Slide 18: Recent acquisitions (continued)
• Stade Family Entertainment Centre, Germany o Finalised the acquisition of the freehold site in August 2015 – the property incorporates a cinema (operated by the For personal use only Group) as well as other leased premises (including a hotel and various entertainment outlets) o The total purchase
Slide 19: Capital Expenditure and Dividend History
Capital Expenditure The annual routine capital expenditure for the Group is expected to total approximately $35 million. For personal use only Routine capital expenditure excludes any capital expenditure relating to significant developments or acquisitions. Dividend History A summary of the dividend
Slide 20: Upcoming film line-up
Upcoming film line-up THE SECRET LIFE OF PETS (SEPTEMBER 2016) DISTRIBUTOR: UNIVERSAL For personal use only SYNOPSIS: Taking place in a Manhattan apartment building, Max's life as a favourite pet is turned upside down, when his owner brings home a sloppy mongrel named Duke. STARS: Lake Bell, Kevin H
Slide 21: Upcoming film line-up (October 2016)
DEEPWATER HORIZON (OCTOBER 2016) DISTRIBUTOR: ROADSHOW SYNOPSIS: A story set on the offshore drilling rig Deepwater Horizon, which exploded during April 2010 and created the For personal use only worst oil spill in US history. STARS: Dylan O’Brien, Mark Wahlberg, Kurt Russell DIRECTOR: Peter Berg TH
Slide 22: Upcoming film line-up (October–November 2016)
DOCTOR STRANGE (OCTOBER 2016) DISTRIBUTOR: DISNEY SYNOPSIS: After his career is destroyed, a brilliant but arrogant and conceited surgeon gets a new lease on life when a For personal use only sorcerer takes him under his wing and trains him to defend the world against evil. STARS: Rachel McAdams, Be
Slide 23: Upcoming film line-up (November–December 2016)
HACKSAW RIDGE (NOVEMBER 2016) DISTRIBUTOR: ICON SYNOPSIS: An infantryman recounts the final hours before he and his fellow soldiers return to Iraq. For personal use only STARS: Teresa Palmer, Andrew Garfield, Sam Worthington DIRECTOR: Mel Gibson TROLLS (DECEMBER 2016) DISTRIBUTOR: FOX SYNOPSIS: Lova
Slide 24: Upcoming film line-up (December 2016)
RED DOG: TRUE BLUE (DECEMBER 2016) DISTRIBUTOR: ROADSHOW SYNOPSIS: Explores the early events leading up to Red Dog's discovery on the road to Dampier, and his ultimate rise from For personal use only ordinary dog to Australian legend. STARS: Jason Isaacs, Levi Miller, Bryan Brown DIRECTOR: Kriv Sten
Slide 25: Upcoming film line-up (January 2017)
PASSENGERS (JANUARY 2017) DISTRIBUTOR: ROADSHOW SYNOPSIS: A spacecraft traveling to a distant colony planet and transporting thousands of people has a malfunction in its For personal use only sleep chambers. As a result, two passengers are awakened 60 years early. STARS: Jennifer Lawrence, Chris Pra
Slide 26: Upcoming film line-up (January–February 2017)
LION (JANUARY 2017) DISTRIBUTOR: TRANSMISSION SYNOPSIS: A five-year-old Indian boy gets lost on the streets of Calcutta, thousands of kilometers from home. He survives For personal use only many challenges before being adopted by a couple in Australia; 25 years later, he sets out to find his lost fa
Slide 27: Upcoming film line-up (February 2017)
FIFTY SHADES DARKER (FEBRUARY 2017) DISTRIBUTOR: UNIVERSAL SYNOPSIS: While Christian wrestles with his inner demons, Anastasia must confront the anger and envy of the women For personal use only who came before her. STARS: Dakota Johnson, Jamie Dornan, Tyler Hoechlin DIRECTOR: James Foley THE GREAT
Slide 28: Upcoming film line-up (March 2017)
KONG: SKULL ISLAND (MARCH 2017) DISTRIBUTOR: ROADSHOW SYNOPSIS: An action/adventure story centred on King Kong's origins. For personal use only STARS: Brie Larson, Tom Hiddleston, Samuel L Jackson DIRECTOR: Jordan Vogt-Roberts KING ARTHUR: LEGEND OF THE SWORD (MARCH 2017) DISTRIBUTOR: ROADSHOW SYNOP
Slide 29: Upcoming film line-up (April–May 2017)
LEGO BATMAN MOVIE (APRIL 2017) DISTRIBUTOR: ROADSHOW SYNOPSIS: A spin-off of The Lego Movie (2014) centring on the character of Batman. For personal use only STARS: Ralph Fiennes, Rosario Dawson, Will Arnett DIRECTOR: Chris McKay GUARDIANS OF THE GALAXY 2 (APRIL 2017) DISTRIBUTOR: DISNEY SYNOPSIS: S
Slide 30: Upcoming film line-up (May–June 2017)
PIRATES OF THE CARIBBEAN: DEAD MEN TELL NO TALES (MAY 2017) DISTRIBUTOR: DISNEY SYNOPSIS: Captain Jack Sparrow searches for the trident of Poseidon. For personal use only STARS: Johnny Depp, Kaya Scodelario, Orlando Bloom DIRECTOR: Joachim Ronning, Espen Sandbeg WONDER WOMAN (JUNE 2017) DISTRIBUTOR:
Slide 31: Upcoming film line-up (June–September 2017)
CARS 3 (JUNE 2017) DISTRIBUTOR: DISNEY SYNOPSIS: Lightning McQueen sets out to prove to a new generation of racers that he's still the best race car in the world. For personal use only STARS: Own Wilson DIRECTOR: Brian Fee ALIEN COVENANT (AUGUST 2017) DISTRIBUTOR: FOX SYNOPSIS: The crew of the colon
Slide 32: Upcoming film line-up (October–December 2017)
THOR: RAGNORAK (OCTOBER 2017) DISTRIBUTOR: DISNEY SYNOPSIS: The next instalment for the THOR franchise. The plot is unknown at this time. For personal use only STARS: Chris Hemsworth, Tom Hiddleston, Karl Urban DIRECTOR: Taika Waititi THE SNOWMAN (OCTOBER 2017) DISTRIBUTOR: UNIVERSAL SYNOPSIS: Detec
Slide 33: Non-IFRS Financial Information
For personal use only Non – IFRS Financial Information The EVT Group results are prepared under Australian Accounting Standards, and also comply with International Financial Reporting Standards (“IFRS”). This presentation includes certain non-IFRS measures, including the normalised profit concept. T
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