Tourism Holdings Limited · NZX:THL
Tourism — Wilsons Rapid Insights Conference 2024
15 slides from Tourism's conference presentation, May 23, 2024
Slide 1: Investor Presentation for Wilsons Rapid Insights Conference
Tourism Holdings Limited Tel: +64 9 336 4299 The Beach House Fax: +64 9 309 9269 Level 1, 83 Beach Road www.thlonline.com Auckland City PO Box 4293, Shortland Street Auckland 1140, New Zealand 23 May 2024 NZX | ASX | MEDIA RELEASE TOURISM HOLDINGS LIMITED (thl) INVESTOR PRESENTATION FOR WILSONS RAPI
Slide 2: Wilsons Rapid Insights Conference May 2024
WILSONS RAPID INSIGHTS CONFERENCE 23 MAY 2024 For personal use only
Slide 3: Disclaimer
thl FY23 INVESTOR PRESENTATION For personal use only Disclaimer This presentation contains forward-looking statements and This presentation is for information purposes only and does thl’s calculation of these measures may differ from similarly projections. These reflect thl’s current expectations, b
Slide 4: thl operates a Build – Rent – Sell model in the RV market
thl operates a Build – Rent – Sell model in the RV market Operating across five markets – New Zealand, Australia, United States, Canada and UK/Ireland • Decades of experience designing and building durable RVs for rentals For personal use only • Scale purchasing benefits for chassis and componentry
Slide 5: The RV market is positioned for long-term growth
The RV market is positioned for long-term growth Interest in RV travel from younger generations For personal use only The median age of a first-time RV buyer in the USA is 32, down from 41 in 20201 Benefiting from an aging population The number of people aged 65 years or older worldwide is expected
Slide 6: A design-led approach to manufacturing in A/NZ
A design-led approach to manufacturing in A/NZ, with long-standing supplier relationships in other markets For personal use only Maui 6-Berth Motorhome Interior Fit-out of a 6-Berth Motorhome St John Ambulance built by Action Manufacturing Manufacturing Revenue in FY23 • RV manufacturing facilities
Slide 7: An efficient rental asset manager with a house of brands
An efficient rental asset manager with a house of brands The largest commercial RV rental operator in the world with strong market share in all operating markets Location Brand Fleet Age Brand Positioning For personal use only NZ AU US CA UK ✓ ✓ 0 – 2 Years Premium Australia New Zealand ✓ 0 – 2 Year
Slide 8: Vehicles flow through the rental brand portfolio
Vehicles flow through the rental brand portfolio Off-fleeting for sales at all ages provides the dealerships with stock at all price points For personal use only 7
Slide 9: We position ourselves to maximise the value in sales
We position ourselves to maximise the value in sales Most rental operators treat sales as “disposals”, but we have a sales dealership mentality and seek to maximise the long-term customer relationship New Zealand Australia North America UK/Ireland For personal use only 24 Sales Locations1 5 7 9 3 sa
Slide 10: A proven history of adjusting our balance sheet as needed
A proven history of adjusting our balance sheet as needed thl and Apollo weathered the impacts of the COVID-19 pandemic without raising capital, by reducing new fleet capex and selling the rental fleet thl’s net debt management in 2020 Debt is typically invested in increasing 200 188 For personal us
Slide 11: On an adjusted basis, thl’s net tangible assets per share increases
On an adjusted basis, thl’s net tangible assets per share increases from $1.97 to an estimated $2.481 For personal use only Rental Fleet 31 December 2023 7,366 $628m vehicles net book value Ex-Fleet Sales 18.3% H1 FY24 gross profit margin • thl typically sells its ex-fleet vehicles above the book va
Slide 12: We have a positive outlook for the rentals business
We have a positive outlook for the rentals business • The intake of rental hire days into the upcoming 2024/2025 high season is tracking significantly ahead of the prior year For personal use only • The current intake reflects a single digit percentage decline in average yield which is in line with
Slide 13: Outlook
Outlook • As per the recent market update, expectations for NPAT in FY24 are For personal use only between $50M and $53M • Current expectations for NPAT in FY25 are that it will be below the FY23 Pro Forma NPAT of $77.1M • Based on a positive rental growth outlook and a recovery in the vehicle sales
Slide 14: Questions
For personal use only Questions
Slide 15: Thank you
For personal use only Thank you
Tourism Holdings — Wilsons Rapid Insights Conference 2024 on 6ix