Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — The Jetset Travelwerld Group — H1 FY2013 Earnings Presentation
18 slides from Helloworld Travel's earnings presentation, 2013
Slide 1: 2013 Half Year Results
The Jetset Travelwerld Group
Slide 2: Rob Gurney, Chief Executive Officer
Rob Gurney Chief Executive Officer 2
Slide 3: 2013 Half Year Review
2013 Half Year Review • EBITDAI (1) of $25.3m increased by 1% compared to HY 12 • Adjusted Profit (2) before tax of $18.0 million • Program of cost reduction and efficiency initiatives implemented with operating costs lower than H1 FY12 by 10% • Reported profit after tax of $8.6 million • Interim di
Slide 4: Major business transformation underway
Major business transformation underway • Positioning JET for long-term success in the growing and dynamic travel industry • Largely implemented over the next 2 years • Commenced in September 2012 with a detailed strategic review Comprehensive – covering all businesses Thorough – in-depth study,
Slide 5: The Australian travel industry is rapidly changing
The Australian travel industry is rapidly changing Digital Customers have more information and revolution price transparency than ever before Mobile Social Online Cloud Evolving Consumers expect to be served across Mobile consumer a range of channels, including bricks Social Offline retail expectati
Slide 6: Our response
Our response Better leverage the scale of the Group in both purchasing Leverage scale and marketing Understand individual needs for different travel occasions Develop deep consumer and deliver innovative new products and services to meet insight these needs Build digital and Deliver a winning custom
Slide 7: What this means for Retail
What this means for Retail Key initiatives under Retail development A brand refresh supported by a consolidated marketing spend which rivals key competitors An integrated multichannel offering Store renewals and strengthened franchise models to recognise the unique asset JTG has in its franchise net
Slide 8: What this means for Wholesale
What this means for Wholesale Key initiatives under Wholesale development Alignment of the wholesale brand to the Retail model Growing the online deferred payment inventory segment Focusing on developing exclusive product for select destinations and leveraging partnerships for niche destinations Dri
Slide 9: What this means for Travel Management
What this means for Travel Management Key initiatives under Travel Management development A strengthened value proposition and sales capability Further productivity improvements through automation and channel shift to online 9
Slide 10: Elizabeth Gaines, Chief Operating Officer & CFO
Elizabeth Gaines Chief Operating Officer & CFO 10
Slide 11: Half-year Result
Half-year Result 1H13 1H12 Change $m $m % Total Transaction Value (TTV) 2,495.6 2,814.1 -11% Revenue 171.0 187.5 -9% Adjusted EBITDAI (1) 25.3 25.1 1% Adjusted Profit before tax (2) 18.0 18.9 -5% Profit before tax 14.9 16.5 -10% Profit after tax attributable to members 8.6 11.2 -23% EPS (basic) 1.97
Slide 12: Retail Segment
Retail Segment 1H13 1H12 Change $m $m % Total Transaction Value (TTV) 1,812.5 1,998.9 -9% Revenue 96.9 101.7 -5% Operating expenses (64.5) (68.4) -6% Adjusted EBITDAI 32.4 33.3 -3% • Revenue to TTV margin improved from 5.1% to 5.4% in the first half despite TTV being impacted by declining average se
Slide 13: Wholesale Segment
Wholesale Segment 1H13 1H12 Change $m $m % Total Transaction Value (TTV) 377.3 439.5 -14% Revenue 51.5 58.1 -11% Operating expenses (46.0) (52.4) -12% Adjusted EBITDAI 5.5 5.7 -4% • Revenue margin increased from 13.2% to 13.7% due to disciplined margin management, brand rationalisation and further i
Slide 14: Travel Management Segment
Travel Management Segment 1H13 1H12 Change $m $m % Total Transaction Value (TTV) 305.8 375.7 -19% Revenue 19.9 24.7 -19% Operating expenses (21.7) (25.4) -15% Adjusted EBITDAI (1.8) (0.7) -157% • Travel Management TTV and revenue impacted by declining trading volumes transacted through Whole of Aust
Slide 15: Balance Sheet
Balance Sheet Dec-12 Jun-12 $m $m Cash 168.7 216.5 Debtors 106.1 121.5 Intangible assets (1) 422.9 421.2 Other non-current assets 33.6 37.7 Current Liabilities (258.6) (336.5) Non-current Liabilities (39.5) (38.0) Equity 433.2 422.4 (1) Intangible assets consists of: Goodwill 245.4 245.4 Franchise s
Slide 16: Liquidity and Funding
Liquidity and Funding Dec-12 Jun-12 $m $m Total Facility available 80.8 81.0 Drawn Debt (31.9) (28.7) Multi-option Facilities (including bank guarantees) (10.4) (10.7) Headroom 38.5 41.6 General cash 14.7 13.0 Client cash 154.0 203.5 Total cash 168.7 216.5 • Facilities are non-amortising and repayab
Slide 17: Appendix: Business Profile
Appendix Business Profile 17
Slide 18: Business Profile
Business Profile Dec-12 Jun-12 Franchisees, Members and Affiliates: 2,072 2,066 Employees: 2,164 2,369 Countries: 8 8 Oxford UK 11 Employees NORTH AMERICA 71 Employees Los Angeles Hanoi ASIA 86 Employees Siem Reap Phnom Penh Ho Chi Minh City FIJI 222 Employees Fiji Johannesburg Brisb
The Jetset Travelwerld Group — H1 FY2013 Earnings Presentation on 6ix