Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q1 FY2023 Earnings Presentation
25 slides from Wonderla Holidays's earnings presentation, Aug 12, 2022
Slide 1: A New Dawn: Q1FY23 Results Update
a new dawn Q1FY23 RESULTS UPDATE 1
Slide 2: Disclaimer
AS THE BUSINESS WAS SEVERELY IMPACTED BY PANDEMIC, ALL NUMBERS IN THIS DOCUMENT HAVE BEEN COMPARED AGAINST Q1 FY 20 Disclaimer Certain statements in this release concerning our future growth prospects are forward- looking statements, which are subject to a number of risks, uncertainties and assumpti
Slide 3: Q1FY2023 performance gives confidence to surpass pre-Covid levels
Our Q1FY2023 performance gives us the confidence to surpass pre-Covid business levels in full FY2023. Our financial prudence, operational excellence and outstanding brand experience and recall are making WONDERLA into a highly resilient company. 3
Slide 4: Q1FY23: Robust Performance as Pandemic Recedes
Q1FY23: Robust Performance as Pandemic Recedes Footfall Revenue Crossed ARPU 1.1 Million+ INR 150 Cr INR 1,300 24% Growth 26% Growth EBITDA Margin PAT EPS 62% INR 64 Cr INR 11.38 INR 94 Cr 4
Slide 5: Q1 FY23: Blockbuster Performance by Parks
Q1 FY23: Blockbuster Performance by Parks Footfall Growth Q1FY23 Vs Q1FY20 Total 11,17,828 24% HYD 3,47,175 39% KOC 3,47,642 38% BLR 4,23,011 7% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 5
Slide 6: Q1FY23 Financial & Operational Highlights
Q1FY23 Financial & Operational Highlights ▪ Revenue approaches pre-Covid Levels: The Company registered Revenue Growth of 26% with a Revenue of Rs.152.3 crore in Q1FY23, as compared to Rs. 121.3 crore. In Q1FY20 ▪ EBITDA surge up: EBITDA in Q1FY23 increased by 30% YOY from Rs.72.28 crore in Q1FY20 t
Slide 7: Q1FY23 Financial & Operational Highlights
Q1FY23 Financial & Operational Highlights ▪ New Rides build excitement: Wonderla launched a new ride Mystic Saucer in our Kochi park, offering more excitement and thrills to our customers ▪ Regular Events pulls the crowds in: The Company is continuously organising events to delight its customers. In
Slide 8: Q1 FY23 Results Analysis
Q1 FY23 Results Analysis AS THE BUSINESS WAS SEVERELY IMPACTED BY PANDEMIC, ALL NUMBERS IN THIS DOCUMENT HAVE BEEN COMPARED AGAINST Q1 FY 20 INR in Mn Revenue EBITDA & EBITDA Margin PAT & PAT Margin 1,213 1,523 30% 723 942 53% 420 644 26% 60.0% 62.0% 42.0% 35.0% Q1 FY20 Q1 FY23 Q1 FY20 Q1 FY23 Q1 FY
Slide 9: Footfall Crossed Pre-Covid Levels
Footfall Crossed Pre-Covid Levels Footfalls (in Lakhs) 11.18 8.99 8.31 0.00 0.34 Q1FY22 Q1FY19 Q1FY20 Q1FY21 Q1FY23 1 Judicious Pricing Strategy 2 Large Group Format & After Hours Events 3 New Rides & Innovation 9
Slide 10: Q1FY23 Operational Results Analysis
Q1FY23 Operational Results Analysis Ticket Vs Non Tickets 23.0% 24.0% 77.0% 76.0% Q1 FY20 Q1 FY23 Ticket Non-Ticket Park wise Revenue Breakup (%) Park wise Footfall Breakup(%) Bangalore Kochi Hyderabad Bangalore Kochi Hyderabad 28% 32% 28% 31% 25% 27% 28% 31% 47% 41% 44% 38% Q1FY20 Q1FY23 Q1FY20 Q1F
Slide 11: Q1FY23 Operational Results Analysis
Q1FY23 Operational Results Analysis ARPU (In Rs) ATP (In Rs) 978 987 1,275 1,300 882 1,186 Q1FY20 Q1FY22 Q1FY23 Q1FY20 Q1FY22 Q1FY23 SPH – (in Rs) BREAK-UP OF NON-TICKET REVENUE (PARKS + RESORT) 304 313 297 11% 11% 12% 12% 21% 12% 36% 33% 32% 41% 43% 36% Q1FY20 Q1FY22 Q1FY23 Q1FY20 Q1FY22 Q1FY23 Coo
Slide 12: Bangalore Park – Revenue & Footfall Analysis
Bangalore Park – Revenue & Footfall Analysis ATP (In Rs) SPH (In Rs) 1056 1075 349 2% 14 % 307 Q1 FY20 Q1 FY23 Q1 FY20 Q1 FY23 ARPU (in Rs.) FOOTFALLS (‘000) 1363 1424 4% 3.97 7% 4.23 Q1 FY20 Q1 FY23 Q1 FY20 Q1 FY23 12
Slide 13: Bangalore Resort: Robust Performance
Bangalore Resort: Robust Performance Sharp rebound in Highest ever Both leisure and Resort Performance; Occupancy @ 80% corporate segment Revenue up 28% 6,047 rooms vs 4,611 contributed well to over Q1 FY20 rooms (FY20) this performance 13
Slide 14: Kochi Park – Revenue & Footfall Analysis
Kochi Park – Revenue & Footfall Analysis ATP (In Rs) SPH (In Rs) 888 882 265 1% 8% 244 Q1 FY20 Q1 FY23 Q1 FY20 Q1 FY23 ARPU (in Rs.) FOOTFALLS (‘000) 1153 1126 2% 38 % 3.48 2.53 Q1 FY20 Q1 FY23 Q1 FY20 Q1 FY23 14
Slide 15: Hyderabad Park – Revenue & Footfall Analysis
Hyderabad Park – Revenue & Footfall Analysis ATP (In Rs) SPH (In Rs) 986 338 945 4% 315 7% Q1 FY20 Q1 FY23 Q1 FY20 Q1 FY23 ARPU (in Rs) FOOTFALLS (‘000) 1324 1260 5% 39 % 3.47 2.5 Q1 FY20 Q1 FY23 Q1 FY20 Q1 FY23 15
Slide 16: New Ride – Mystic Saucer at Kochi Park
New Ride – Mystic Saucer at Kochi Park 16
Slide 17: Q1FY23 Update on Odisha Land Acquisition
Q1FY23 Update on Odisha Land Acquisition ▪ Agreement Concluded: We signed an agreement with the Odisha government for the development of an amusement park project in Bhubaneshwar. ▪ Large Land Area: The Company has leased a 50.630 acres land for 90 years in the village of Kumarbasta, Khorda district
Slide 18: Empowering the Brand and enhancing Consumer Experience
Empowering the Brand and enhancing Consumer Experience 18
Slide 19: Profit & Loss Account
Profit & Loss Account Particulars (Rs Mn) Q1 FY 23 Q1 FY 22 YoY % Q1 FY 20 YoY % Total Revenue from Operations 1,494 44 33.34 1,176 0.27 Other Income 29 11 1.67 37 -0.22 Total Income 1,523 54 27.05 1,213 0.26 Cost of materials consumed 69 3 25.78 47 0.46 Purchase of stock-in-trade 76 5 14.67 63 0.21
Slide 20: About Us
About Us a new dawn of value creation and growth 20
Slide 21: Wonderla: an outlier in the amusement industry
Wonderla: an outlier in the amusement industry Our Vision Our Mission ▪ Diversified Businesses: Adding ‘Wonder’ to lives and bringing Build and operate resource efficient ▪ Resorts people closer. amusement spaces to deliver a fun, thrilling, ▪ Theme Parks and hygienic experience to our guests. ▪ Wat
Slide 22: Building on Unmatched Advantages
Building on Unmatched Advantages Customer > 2 Decades Odisha & Centricity as a Experience & Chennai park Driving Force Brand Equity expansion Customer Centricity is at the core of our We have >20 years of Odisha & Chennai park expansion, values. We believe in giving value for experience & strong bra
Slide 23: Making millions happy across India
Making millions happy across India New Parks in Development: Footfall PA (Pre Covid FY2020) Subject to approvals and sanctions 23
Slide 24: Shareholding Structure
Shareholding Structure % Shareholding 19.91 7.73 2.6 69.76 Promoter Mutual Funds FII Others Diversified Shareholder Base of Reputed Institutions & Retail Investors 24
Slide 25: For Further Queries / Disclaimer
FOR FURTHER QUERIES Disclaimer Mr. Satheesh Seshadri, CFO Email –satheesh.seshadri@wonderla.com This presentation and the following discussion may contain “forward looking statements” by Wonderla Holidays Limited (“Wonderla” or the Company) that are not historical in nature. These forward looking st