Flight Centre Travel Group Limited · ASX:FLT
Flight Centre Travel — Macquarie Conference 2025
10 slides from Flight Centre Travel's conference presentation, May 7, 2025
Slide 1: Macquarie Conference Presentation
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Slide 2: Trading overview - recap
FY25 Trading overview - recap FY25 guidance recently Heightened uncertainty ahead Up to $200m on-market share amended of peak trading periods buy-back announced • Expecting $300m-$335m underlying PBT – mid- • Current conditions likely to continue for remainder • Announced on April 28 & commencing fr
Slide 3: Overall results impacted by cyclical & operational factors
FY25 Overall results impacted by cyclical & operational factors CHALLENGING TRADING CYCLE UNDERPERFORMANCE IN SOME AREAS • Volatile macro-economic climate affecting consumer & business confidence • StudentUniverse throughout the year o Expected to lose up to $10m, after initially expecting close to
Slide 4: Trading update – business segments
FY25 Trading update – business segments CORPORATE LEISURE OTHER • On track to deliver another year of record TTV in flat • Profit tracking ahead of prior corresponding year after • Small improvement in segment losses currently global market 3Q & well ahead of pre-COVID levels expected compared with
Slide 5: Strategies in place to improve performance
FY25 Strategies in place to improve performance GLOBAL BUSINESS SERVICES CAP-EX REDUCTIONS • Initiatives underway to reduce the circa $20m-per-month global • Targeting 15-20% decrease in FY26 spend cost base • Ongoing investment in key projects • Fusion initiative set to deliver lower costs, better
Slide 6: Investment in future growth drivers
FY25 Investment in future growth drivers CORPORATE LEISURE • Productive Operations • Upfront investment in rapidly growing global cruise sector o 15-20% productivity uplift expected between FY24 and FY26 if business achieves its o Cruiseabout shop network reintroduction & expansion, Cruise Club (UK)
Slide 7: Travel Money
FY25 Travel Money Cash is King – Milestone Year for FX Business • Remarkable post-COVID recovery • Down to 1.8 FTEs during pandemic • 100th shop set to open next week • Record profit expected during FY25 off circa $1.2b in TTV • New wholesale business set to deliver more than $300m in TTV in 2 nd ye
Slide 8: Pro-active capital management
Pro-active capital management • Policy in place to allocate 50-60% of NPAT to dividends and/or buy-backs of Convertible Notes/issued capital, subject to business's needs at the time STRONG FOUNDATIONS IN ASSESSING OPTIONS TO MANAGE PURSUING UP TO $200M ON-MARKET BUY- PLACE OUTSTANDING CONVERTIBLE BA
Slide 9: In conclusion: Well placed for the future
In conclusion: Well placed for the future A DIVERSIFIED GLOBAL TRAVEL BUSINESS • Four key divisions in four key regions, large leisure and corporate businesses • Delivering ongoing TTV growth in challenging trading climate Americas FOUNDATIONS IN PLACE FOR LEISURE & CORPORATE GROWTH • Leisure busine
Slide 10: THANK YOU
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