Web Travel Group Limited · ASX:WEB
Web Travel — Webjet — Credit Suisse Travel Conference (June 2016)
14 slides from Web Travel's conference presentation, Jun 8, 2016
Slide 1: Webjet Limited - Credit Suisse Travel Conference
WEBJET LIMITED For personal use only CREDIT SUISSE TRAVEL CONFERENCE John Guscic Managing Director 8 June 2016
Slide 2: Who is Webjet Limited?
Credit Suisse Travel Conference Who is Webjet Limited? DIGITAL TRAVEL BUSINESS … For personal use only spanning both regional consumer markets (through B2C) and global wholesale markets (through B2B) B2C TRAVEL B2B TRAVEL Leading consumer OTA brands: Webjet, and ZUJI Online fulfillment of hotel book
Slide 3: Our growth strategy
Credit Suisse Travel Conference Our growth strategy For personal use only We aim to achieve our 5 year EBITDA growth targets by delivering strong organic growth through our existing B2C and B2B businesses as well as looking for attractive acquisitions that complement these businesses Over the past 4
Slide 4: Geographical expansion
Credit Suisse Travel Conference Geographical expansion For personal use only B2C B2B 4
Slide 5: Ongoing diversification of earnings streams
Credit Suisse Travel Conference Ongoing diversification of earnings streams For personal use only EARNINGS BY DIVISION EARNINGS BY REGION B2C B2B Aus/NZ Other 23% 28% 77% 72% FY13 FY14 FY15 FY13 FY14 FY15 * Results based on underlying EBITDA of $21.6m in FY13, $21.9m in FY14 and $30.9m in FY15 5
Slide 6: Acquisition of Online Republic
For personal use only Acquisition of Online Replublic
Slide 7: Transaction overview
Credit Suisse Travel Conference Transaction overview • For personal use only Webjet has entered into a binding agreement to acquire Online Republic for NZ$85 million, implying 7.0x pro-forma FY16 EBITDA(1) • Online Republic is a global travel e-commerce group operating four key divisions(2) 1 2 Car
Slide 8: Transaction overview (cont'd)
Credit Suisse Travel Conference Transaction overview (cont'd) • Purchase price of NZ$85 million (approximately A$79 million (1)) For personal use only Acquisition terms • Customary post completion adjustments • Represents 7.0x pro-forma FY16 EBITDA(2) • ~A$17 million of new Webjet shares issued to t
Slide 9: Overview of Online Republic
Credit Suisse Travel Conference Overview of Online Republic For personal use only Growth in bookings(1) • Global travel e-commerce group operating four key divisions: 1 2 Online bookings of Online motorhome 327,000 rental cars agency 308,000 285,000 3 4 Online cruise SEO & digital FY14A FY15A FY16A
Slide 10: Overview of Online Republic (cont'd)
Credit Suisse Travel Conference Overview of Online Republic (cont’d) For personal use only Leadership positions in attractive online leisure segments #2 in Car Rental – Aus/NZ(1) #1 in Motorhomes – worldwide(1) #1 in Cruise- Aus/NZ(1) Search Republic Get this Plan NZ$83m NZ$57m NZ$87m NZ$1m TTV p.a.
Slide 11: Strategic rationale for acquisition
Credit Suisse Travel Conference Strategic rationale for acquisition For personal use only The transaction will strengthen Webjet's position as Australasia's leading OTA Online Republic is a market leader in the attractive online car, motorhome and cruise segments 1 • • Leadership positions in car re
Slide 12: Webjet's intentions for Online Republic
Credit Suisse Travel Conference Webjet's intentions for Online Republic For personal use only Online Republic's brands will remain independent within the broader Webjet Group • Webjet has an existing commercial partnership with Online Republic in the cruise segment reducing integration risk • Online
Slide 13: Illustrative financial impact
Credit Suisse Travel Conference Illustrative financial impact The acquisition will enhance and diversify Webjet's existing product offering For personal use only TTV Webjet FY16 Pro forma FY16 12% • Broader TTV exposure to reflect traveler 22% OR profile B2B 19% B2B B2C B2C • Online Republic revenue
Slide 14: Thank you
For personal use only June 2016 THANK YOU