Slide 1: Half Year Results 2011-12
For personal use only HALF YEAR RESULTS 2011-12 Richard Noon Finance Director
Slide 2: 2012 First Half Year Review
2012 First Half Year Review For personal use only • TTV up 29% Sales • Revenue up 38% Margin • Improved to 7.9% of TTV • Up marginally to 5.5% of TTV Costs • Increased marketing – Hotels launch • NPBT up 21% Profit • Core operation Aust/NZ NPBT up 27% • Dividend increase to 6 cents, payout ratio 74%
Slide 3: Summary
Webjet Limited Summary For personal use only All $M 2011-12 2010-11 % Change TTV 369 285 +29% EBITDA 7.9 6.1 +30% NPBT 8.5 7.0 +21% NPAT 5.9 5.0 +17% EPS (diluted) 8.1 cents 6.6 cents +23% Dividend Declared 6.0 cents 5.0 cents +20% (fully franked) Half Year Results 2011-12
Slide 4: Strong TTV Growth
Strong TTV Growth For personal use only AUD $M TTV by Quarter 200 35% 33% 30% 26% 150 25% 20% 100 15% 10% 50 5% 0 0% Q1 Q2 Q3 Q4 2010 2011 2012 % Inc Qtr YOY Half Year Results 2011-12
Slide 5: Sixteen Consecutive Halves of Growth
Sixteen Consecutive Halves of Growth For personal use only TTV Growth by Half Year - A$M 400 350 300 250 200 150 100 50 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 -50 H1 H2 Linear (H1) Half Year Results 2011-12
Slide 6: Continued Growth in EPS
Continued Growth in EPS For personal use only 400 8.5 350 8.0 300 250 7.5 200 7.0 150 100 6.5 50 0 6.0 H2 H1 H2 H1 2010 2011 2011 2012 TTV - $M 256 285 307 369 EPS diluted (cents) 6.86 6.63 7.70 8.16 Half Year Results 2011-12
Slide 7: Margins
Margins For personal use only Revenue & Costs as % TTV Operating Costs Non Mktg Costs Marketing Costs NPBT 2.4% 2.9% 2.6% 2.3% 1.8% 1.5% 1.9% 1.5% 2.1% 1.9% 2.1% 2.3% 1.5% 1.8% 0.8% 1.2% 2009 2010 2011 2012 FY FY FY H1 7.3% 7.7% 7.7% 7.9% Half Year Results 2011-12
Slide 8: Segment Results: Core v Emerging
Segment Results: Core v Emerging For personal use only 20,000 16,000 12,000 8,000 4,000 0 -4,000 Core (AU/NZ) Emerging (US/Asia) 2008 9,472 0 2009 10,774 0 2010 14,608 -100 2011 16,084 -698 2012 H1 9,196 -699 Half Year Results 2011-12
Slide 9: Strong Balance Sheet (No Debt)
Webjet Limited Strong Balance Sheet (No Debt) For personal use only All $M rounded Dec 2011 Dec 2010 Change Cash 33 41 -8 (1) Debtors 4 2 +2 Non Current 13 12 +1 Assets Liabilities 15 15 - Equity 35 40 -5 (1) (1) Share Buyback used 7.6M of cash Half Year Results 2011-12
Slide 10: Capital Management: Dividends Paid
Capital Management: Dividends Paid For personal use only 12.0 100% 10.0 80% 8.0 60% 6.0 40% 4.0 20% 2.0 0.0 0% 2007 2008 2009 2010 2011 2012 H1 Dividend - Cents Div Payout % Half Year Results 2011-12
Slide 11: Capital Management: Share Buyback
Capital Management: Share Buyback For personal use only Overall – Buyback #1 for 3.9M shares conducted March to August 2011 – Buyback #2 for 3.7M shares, 60% complete at end January 2012 This Half – Combination of Buyback #1 and #2 – 7.6M in cash used – 3.7M shares bought back Half Year Results 2011