Arena Hospitality Group D.d. · ZSE:ARNT
Arena Hospitality Group D.d — FY2023 Earnings Presentation
22 slides from Arena Hospitality Group D.d's earnings presentation, Mar 1, 2024
Slide 1: Presentation of 2023 results - materials
Security: ARNT LEI: 74780000Z0PH7TFW3185 ISIN: HRARNTRA0004 Home Member State: Croatia Listing: Prime Market of the Zagreb Stock Exchange Pula, 01.03.2024. - ZAGREB STOCK EXCHANGE - CROATIAN FINANCIAL SERVICES SUPERVISORY AGENCY - CROATIAN NEWS AGENCY - COMPANY WEB SITE Subject: Presentation of 2023
Slide 2: Annual Report 2023
Annual Report 2023 1st MAR 2024 ARENA HOSPITALITY GROUP
Slide 3: Presented by
Presented by DEVANSH BAKSHI, ccma, mea Member of Management Board & Chief Financial Officer
Slide 4: Table of contents
Table of contents HIGHLIGHTS OPERATING REVIEW * Group & Regional Operations * Consolidated Financial Statements + Outlook 2024 LIQUIDITY & DEBT STRUCTURE + Net Debt and Cash * Debt Profile STRENGTHENING LONG TERM GROWTH * Investment Activities Q&A ] Berlin ? Cologne ? Nuremberg ] Budapest ? Nassfeld
Slide 5: Highlights
Highlights FINAN KPI’ PERATING KP REVENUE (EUR MILLION) OCCUPANCY (%) 55.0 126.5 46.2 109.5 45.) 104.9 PBT (EUR MILLION) REVPAR (EUR) 19 22 23 ‘er 19 22 23 507 81 45.0 443 5.8 EBITDA (EUR MILLION) 9 2 23 AVERAGE DAILY RATE (EUR) 19 22 23 109.7 98.2 3.2 30.9 28.0 — 19 22 23 9 22 23
Slide 6: Operating Review
Operating Review
Slide 7: Group operations FY 2022 vs FY 2023
140 127 120 110 100 80 • 60 34 31 30 40 28 • 20 0 FY 2022 FY 2023 • Revenue Ebitdar Ebitda • 120 110 60% 98 100 50% 45% 46% 80 40% • 60 51 30% 44 40 20% 20 10% • 0 0% FY 2022 FY 2023 ADR RevPar Occ •
Slide 8: Regional operations FY 2022 vs FY 2023
100 90 81 80 60 • 40 27 25 26 24 20 • 0 FY 2022 FY 2023 Revenue Ebitdar Ebitda • • 120 60% 101 • 100 92 50% 45% 44% 80 40% • 60 30% 41 44 40 20% 20 10% 0 0% FY 2022 FY 2023 ADR RevPar Occ
Slide 9: Regional operations FY 2022 vs FY 2023
30 26 25 21 20 • 15 10 8 8 6 6 5 0 • FY 2022 FY 2023 Revenue Ebitdar Ebitda • 160 70% 138 140 129 53% 62% 60% • 120 50% 100 86 40% 80 68 30% • 60 40 20% 20 10% 0 0% FY 2022 FY 2023 • ADR RevPar Occ
Slide 10: Regional operations FY 2022 vs FY 2023
10 9 8 • 6 6 4 • 2 1 0 0 0 0 FY 2022 FY 2023 • Revenue Ebitdar Ebitda • 160 149 50% 140 44% 40% 120 110 • 100 33% 30% 80 66 60 20% 36 40 10% • 20 0 0% FY 2022 FY 2023 • ADR RevPar Occ
Slide 11: 2024 Outlook
2024 Outlook KEY TOPICS * Business trend in 2024 is ahead of last year same time and we remain optimistic. Resilient leisure demand and our ability to drive revenue growth through our well-invested portfolio. Challenges persist with airlines schedule which is improving , however still behind 2019 le
Slide 12: Revenues, Operating expenses, EBITDAR
€ '000 2023 2022 Change • Revenues 126.498 109.512 16.986 Operating expenses -96.066 -76.041 -20.025 EBITDAR 30.432 33.471 -3.039 Rental expenses and concession fees: land -2.382 -2.290 -92 EBITDA 28.050 31.181 -3.131 • Depreciation, amortisation and impairment -18.392 -15.627 -2.765 EBIT 9.658 15.5
Slide 13: Assets
€ '000 2023 2022 Change ASSETS Non-current assets • Intangible fixed assets 1.201 548 653 Property, plant and equipment 353.292 337.401 15.891 Right-of-use assets 33.059 32.240 819 Inventories 2.066 2.131 -65 Interest in joint ventures 6.256 5.602 654 Other non-current financial assets 1.029 1.530 -
Slide 14: Equity and Liabilities
€ '000 2023 2022 Change EQUITY AND LIABILITIES Equity: Issued capital 13.614 13.614 0 • Share premium 151.668 151.668 0 Hedging reserve 210 1.142 -932 Other reserves 41.631 42.144 -513 Accumulated earnings/(losses) 6.314 6.197 117 Total equity 213.437 214.765 -1.328 Non controlling interest Total eq
Slide 15: Cash flow
219/2018 € '000 • 2023 2022 Change Net cash provided by operating activities 27,323 28,391 -1,068 • Net cash used in investing activities -33,952 -32,615 -1,337 • Net cash provided by financing activities -13,447 29,305 -42,752 Cash and cash equivalents at end of year 50,348 70,437 -20,089 •
Slide 16: Liquidity and Debt Structure
Liquidity and Debt Structure
Slide 17: Debt Composition
Debt Composition EUR M FY 2023 FY 2022 Change • • Net Debt 179 165 14 Cash 50 70 -20 • Bank Borrowings 190 196 -6 Lease Liability 39 39 0 •
Slide 18: Debt Service Profile
EUR M 60 52 52 52 52 50 38 38 40 30 27 20 20 16 16 10 0 2024 2025 2026 2027 2028 Onwards Debt Service Debt Service (Excl.HBOR) • • •
Slide 19: Strengthening Long Term Growth
Strengthening Long Term Growth
Slide 20: Investments Update
Investments Update TOTAL 79M € RADISSON RED. BELGRADE (ARENA 88 SMe PULA BM ROOMS) REFURBISHMENT 100% completed 100% completed 100% completed ARENA STOJA CAMPSITE ARENA FRANZ FERDINAND BUDAPEST REFURBISHMENT REFURBISHMENT REFURBISHMENT 50% completed 100% completed 100% completed OTHER SMALL CAPEX OT
Slide 21: Arena Hospitality Group
ARENA HOSPITALITY GROUP [A MEMBER OF PPHE HOTEL GROUP
Slide 22: Disclaimer
DISCLAIMER Arena Hospitality Group d.d. (Arena) This presentation is solely for information purposes, and is not to be construed as professional, financial, investment or other advice. It does not constitute any offer or solicitation to offer or recommendation of any investment product. In particula
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