Slide 1: Results presentation
For personal use only Results presentation 20 February 2023 Half year ended 31 December 2022
Slide 2: Webcast and dial-in details
For personal use only 2:00pm (AEDT) Monday 20 February 2023 Webcast Access a webcast of the briefing at https://webcast.openbriefing.com/evt-hyr- 2023/ Dial-in Pre-register at https://s1.c-conf.com/diamondpass/10028253-mske65.html After pre-registering you will receive details for the telephone numb
Slide 3: 1H Overview
1H Overview 1 2 For personal use only Revenue up 58.9% on 1H PY* EBITDA up 1,266.4% on 1H PY* Strong recovery - Group Revenue Recovery achieved across all divisions. Entertainment normalised EBITDA of up $225.0m on PY* $30.9m up $24.5m on 1H prior year*. E V T | ENTERTAINMENT | VENTURES | TRAVEL 1H
Slide 4: 1H Overview
1H Overview Half year ended 31 December 2021 $000 2022 $000 VARIANCE $000 Entertainment Australia (1,603) 20,093 21,696 For personal use only Group EBITDA up 1,266.4% on PY New Zealand (1,031) (503) 528 excluding German subsidy. Germany 65,199 11,289 (53,910) Property E V T | ENTERTAINMENT | VENTURE
Slide 5: Property & Development
For personal use only Property & Development 5
Slide 6: Property & Development
Property & Development Acquisitions & divestments Major developments on track For personal use only Total proceeds of $282.4m, exceeded 525 George Street Stage 2 DA lodged. $250m target, ~28% above valuations. Interior design work continuing. ~$2 billion property value Divested Rydges North Sydney a
Slide 7: Hotels
7 For personal use only Hotels Hotels
Slide 8: Hotels
Hotels For personal use only Strong recovery, like for like Revenue +17.7%, EBITDA +20.4% on Half year ended pre-COVID 1H19. 31 December E V T | ENTERTAINMENT | VENTURES | TRAVEL 2021 2022 VAR Revenue ($000) 80,407 177,713 +97,306 Record ARR (+29.5%) and Revpar (+22.6%) on pre-COVID 1H19 EBITDA ($00
Slide 9: Record results
Record results For personal use only All brands achieved record rate, Rydges E V T | ENTERTAINMENT | VENTURES | TRAVEL exceeding pre-COVID FY19. Half year ended 31 December 2018 2021 2022 VAR (vs 2021) Occupancy 81.0% 33.7% 77.2% +43.5% Occupancy rebounds to near pre- Average room rate ($) $156 $138
Slide 10: Demand grows
Demand grows For personal use only 90.0% 80.0% Occupancy patterns are E V T | ENTERTAINMENT | VENTURES | TRAVEL 70.0% recovering. 60.0% Corporate, conference & events 50.0% demand returning to pre-COVID 40.0% levels. 30.0% International inbound numbers 20.0% remain below pre-COVID. 10.0% Owned hotel
Slide 11: Record rate trend
Record rate trend For personal use only $240 $220 Rate exceeded pre-COVID levels E V T | ENTERTAINMENT | VENTURES | TRAVEL every month in the half year. $200 $180 $160 All brands contributing to growth. $140 $120 Customer sentiment remains strong. $100 Owned hotel average room rate Pre-COVID Lockdow
Slide 12: Market Performance – Australia
Market Performance – Australia Market revpar 1H23 vs 1H19 (source: STR) $250.00 $250.00 For personal use only -4.23 $200.00 $200.00 E V T | ENTERTAINMENT | VENTURES | TRAVEL -6.33 $150.00 10.28 40.98 $150.00 19.33 16.58 12.74 23.65 18.44 4.78 46.52 55.87 $100.00 $100.00 $50.00 $50.00 $0.00 $0.00 Syd
Slide 13: Market Performance New Zealand
Market Performance New Zealand Market revpar 1H23 vs 1H19 (source: STR) For personal use only $250.00 $250.00 E V T | ENTERTAINMENT | VENTURES | TRAVEL $200.00 -13.34 $200.00 -22.74 $150.00 19.33 $150.00 2.71 -14.69 $100.00 $100.00 $50.00 $50.00 $0.00 $0.00 Christchurch Auckland Wellington Rotorua Q
Slide 14: Hotel brand strategy portfolio growth
Hotel brand strategy +5 hotels +354 rooms portfolio growth in the half year ended 31 December 2022 For personal use only EVT BRANDS 10 hotels | 1,646 rooms 44 hotels | 7,240 rooms 5 hotels | 663 rooms 3 hotels | 193 rooms LUXURY BUDGET INDEPENDENT COLLECTON 1 hotel | 138 rooms 5 hotels | 465 rooms 4
Slide 15: Hotels joining the portfolio
Hotels joining the portfolio For personal use only E V T | ENTERTAINMENT | VENTURES | TRAVEL Rydges Kings Square Perth Rydges Darling Square Sydney RydgesRotorua Lylo Auckland Hotel Alba Adelaide Limes Hotel Brisbane 15
Slide 16: Thredbo
16 For personal use only Thredbo
Slide 17: Thredbo
Thredbo For personal use only New business model results in Half year ended record result. 31 December 2021 2022 VAR E V T | ENTERTAINMENT | VENTURES | TRAVEL Revenue ($000) 33,960 80,990 +47,030 74% winter yield increase Adjusted Revenue1 ($000) 26,894 80,990 +54,096 compared to pre-COVID 19. EBITD
Slide 18: Entertainment
18 For personal use only Entertainment
Slide 19: Entertainment Australia
Entertainment Australia For personal use only Revenue up $59.3 million and Half year ended EBITDA up $21.7 million on prior 31 December 2021 2022 VAR E V T | ENTERTAINMENT | VENTURES | TRAVEL year. Admissions1 (000) 4,098 5,709 +1,611 Revenue ($000) 120,300 179,585 +59,285 Substantial studio release
Slide 20: IMAX Darling Harbour
IMAX Darling Harbour For personal use only EVT appointed as operator for Sydney’s new IMAX, prime location the Ribbon at Darling Harbour. E V T | ENTERTAINMENT | VENTURES | TRAVEL Range of premium seating formats, maximising returns from every seat. Opening second half of 2023 calendar year. 20
Slide 21: Original 1H blockbuster film line-up
Original 1H blockbuster film line-up 1H view presented at FY results presentation JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER For personal use only E V T | ENTERTAINMENT | VENTURES | TRAVEL 21
Slide 22: 1H actual blockbuster films released
1H actual blockbuster films released JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER For personal use only E V T | ENTERTAINMENT | VENTURES | TRAVEL 22
Slide 23: 2H view of blockbuster film line-up
2H view of blockbuster film line-up JANUARY FEBRUARY MARCH APRIL MAY JUNE For personal use only E V T | ENTERTAINMENT | VENTURES | TRAVEL 23
Slide 24: Entertainment New Zealand
Entertainment New Zealand For personal use only Revenue up $7.9 million and Half year ended EBITDA up $0.5 million on PY 31 December E V T | ENTERTAINMENT | VENTURES | TRAVEL (adjusted for wage subsidy EBITDA +). 2021 2022 VAR Admissions1 (000) 945 1,378 +433 Avatar: The Way of Water – now the Reven
Slide 25: Entertainment Germany
Entertainment Germany Half year ended For personal use only 31 December Revenue +13.2%, EBITDA +25.0% on 2021 2022 VAR PY excluding Bridging Aid III. Admissions (000) 4,139 4,646 +507 TRAVEL VENTURES || TRAVEL Revenue ($000) 171,109 130,111 -40,998 Growth in key metrics. Adjusted Revenue1 ($000) 114
Slide 26: EVT Strategy
EVT Strategy All divisions aligned, good progress For personal use only E V T | ENTERTAINMENT | VENTURES | TRAVEL Grow revenue above market Maximise assets Business transformation New data capability, smarter pricing Reset property strategy Elevate launched – EVT people, community, environment prior
Slide 27: 2H Outlook
2H Outlook For personal use only FY23 - a recovery year and trending well E V T | ENTERTAINMENT | VENTURES | TRAVEL Entertainment Property & Development Hotels 2H line up (on paper) Property segment to track Hotels continues to Energy, wages and other appears stronger than 1H. ~20% below PY due to t
Slide 28: Thankyou
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. These measures are For personal use only used internally