Pursuit Attractions And Hospitality, Inc. · NYSE:PRSU
Pursuit Attractions And Hospitality — Q3 2025 Earnings Presentation
22 slides from Pursuit Attractions And Hospitality's earnings presentation, Nov 5, 2025
Slide 1: Third Quarter 2025 Earnings Presentation
THIRD QUARTER 2025 EARNINGS PRESENTATION NOVEMBER 5, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation contains a number of forward-looking ⁄ the sufficiency and cost of insurance coverage; For a more complete discussion of the risks and uncertainties statements. Words, and variations of words, such as “will,” ⁄ the impact of financial covenants on our operational and tha
Slide 3: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES This document includes the presentation of Adjusted EBITDA (or AEBITDA) and Adjusted Net Income (Loss), which are intended to supplement results presented under accounting principles generally accepted in the United States of America (“GAAP”) and may not be comparable to
Slide 4: Business & Financial Highlights
BUSINESS & FINANCIAL HIGHLIGHTS Delivered record third quarter performance with significant year- 1 over-year growth, welcoming ~2M visitors from 175+ countries Raising guidance for full year 2025 growth based on exceptional 2 third quarter results Well-positioned relative to consumer demand trends
Slide 5: Business Highlights
y BUSINESS HIGHLIGHTS PURSU,;/T 5
Slide 6: Pursuit Delivered Record Third Quarter Results and Raised Full Year 2025 Guidance
PURSUIT DELIVERED RECORD THIRD QUARTER RESULTS AND RAISED FULL YEAR 2025 GUIDANCE FROM OUTPERFORMANCE REVENUE GROWTH ACROSS ALL GEOGRAPHIES ~2M ~190K Q3’25 Attraction Visitors Q3’25 Lodging Rooms Sold MARGIN EXPANSION WITH $241M 49% Q3’25 Revenue Q3’25 AEBITDA Margin DILIGENT COST MANAGEMENT STRONG
Slide 7: Differentiated Attractions and Hospitality Company Positioned for Strong Sustainable Growth
PURSUIT IS A DIFFERENTIATED ATTRACTIONS AND HOSPITALITY COMPANY POSITIONED FOR STRONG SUSTAINABLE GROWTH IRREPLACEABLE POWERFUL STRATEGIC EXPERIENCES AT SCALE GROWTH ENGINE DIFFERENTIATORS NEARLY QUADRUPLED REVENUE ⁄ Guest-obsessed, experience- 17 SIGHTSEEING AT 15% CAGR from 2015 to 2025E1 driven,
Slide 8: Capital Allocation Strategy with Meaningful Pipeline of Investment Opportunities
CAPITAL ALLOCATION STRATEGY WITH MEANINGFUL PIPELINE OF PURSUIT fourth quarter 2024 HIGHLIGHTS INVESTMENT OPPORTUNITIES TO FUEL CONTINUOUS GROWTH We prioritize being strong stewards of our capital to maximize shareholder value 1 REFRESH & BUILD OPPORTUNITIES AT EXISTING HIGH-PERFORMING EXPERIENCES R
Slide 9: Significant Refresh and Build Pipeline Through 2030
SIGNIFICANT REFRESH AND BUILD PIPELINE THROUGH 2030 PURSUIT fourth quarter 2024 HIGHLIGHTS TO DRIVE ACCELERATED GROWTH AT EXISTING EXPERIENCES LARGE-SCALE MULTI-YEAR REFRESH AND BUILD $250M+ GROWTH INVESTMENTS POTENTIAL REFRESH AND BUILD GROWTH INVESTMENTS IN 2025 & 2026 IN 2025-2030 Transformation
Slide 10: Tabacón: World-Class Attraction and Hospitality Experiences
TABACÓN: WORLD-CLASS PURSUIT fourth ATTRACTION quarter 2024 AND HOSPITALITY EXPERIENCES HIGHLIGHTS EXPECTED TO DELIVER ACCELERATED GROWTH ONE-OF-A-KIND EXPERIENCES IN ICONIC DESTINATION ⁄ Proven Costa Rican leadership team focused on hospitality excellence and growth ⁄ Two thermal river attractions
Slide 11: Well-Positioned Relative to Global Consumer Demand Trends
PURSUIT IS WELL-POSITIONED RELATIVE TO GLOBAL CONSUMER DEMAND TRENDS AND EXPECT CONTINUED GROWTH IN 2026 STRONG SECULAR TRENDS FAVORABLE DEMAND FOR PURSUIT EXPERIENCES FOR PURSUIT GEOGRAPHIES ⁄ Prioritization of unique experiences with ⁄ Power of perennial demand for iconic broad movement towards ad
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS 12
Slide 13: Third Quarter 2025 Highlights
PURSUIT THIRD QUARTER fourth quarter 2025 HIGHLIGHTS 2024 HIGHLIGHTS Change ⁄ Total Revenue increased ~32% ($ in millions) Q3’25 vs. Q3’24 primarily driven by a strong Revenue: Jasper recovery, new and Ticket Revenue $100.4 $25.1 elevated experiences, and Room Revenue 59.7 17.7 continued momentum in
Slide 14: Strong Balance Sheet for Accelerated Growth with Low Leverage
STRONG BALANCE SHEET FOR ACCELERATED GROWTH WITH PURSUIT fourth quarter 2024 HIGHLIGHTS LOW LEVERAGE AND SIGNIFICANT REVOLVER CAPACITY THIRD QUARTER 2025 BALANCE SHEET AND LIQUIDITY HIGHLIGHTS BALANCE SHEET Q2’25 Q3’25 LIQUIDITY Q3’25 ($ in millions) ($ in millions) Cash and Cash Equivalents 24.7 33
Slide 15: Third Quarter Attraction Performance
PURSUIT THIRD QUARTER fourth quarter 2025 ATTRACTION 2024 HIGHLIGHTS PERFORMANCE TICKET REVENUE ATTRACTION ⁄ 33% ticket revenue ($ in millions) METRICS growth driven by substantial increase in Visitors visitors and effective (in thousands) ticket prices (“ETP”) +33% $100 +22% ⁄ Up 15% when removing
Slide 16: Third Quarter Hospitality Performance
PURSUIT THIRD QUARTER fourth quarter 2025 HOSPITALITY 2024 HIGHLIGHTS PERFORMANCE ROOM REVENUE HOSPITALITY ($ in millions) METRICS Same-Store2 RevPAR ⁄ 42% room revenue growth from a +6% strong Jasper +42% recovery, new $60 $281.32 $264.65 lodging, and improvement in same-store ADR and Jasper & New
Slide 17: Raising Full Year 2025 Guidance
RAISING FULL YEAR 2025 GUIDANCE PURSUIT fourth quarter 2024 HIGHLIGHTS FROM THIRD QUARTER OUTPERFORMANCE EXPECT DOUBLE-DIGIT GROWTH IN REVENUE AND ADJUSTED EBITDA ADJUSTED EBITDA1, 2 ($ in millions) KEY YEAR-OVER-YEAR GROWTH DRIVERS +51%-58% ⁄ Continued demand for our authentic Tabacón Thermal Resor
Slide 18: Appendix
APPENDIX 18
Slide 19: 2025 Financial Outlook
PURSUIT 2025 FINANCIAL fourth quarter OUTLOOK 2024 HIGHLIGHTS ($ in millions) FY’25 GUIDANCE2 FY’24 ACTUALS Up ~24% at the mid-point Revenue $366.5 vs. 2024 Adjusted EBITDA1 $116 to $122 $77.1 $30 to $35 Maintenance Capex $36.1 (~7-8% of Revenue) Growth Capex $38 to $43 $20.2 Total Capex $71 to $76
Slide 20: Supplemental Revenue Disclosures
PURSUIT fourth quarter SUPPLEMENTAL REVENUE 2024 HIGHLIGHTS DISCLOSURES 2024 2025 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 (in thousands) Ticket Revenue $ 17,805 $ 43,707 $ 75,330 $ 25,535 $ 162,377 $ 18,952 $ 53,200 $ 100,390 Rooms Revenue 7,604 24,578 42,020 7,719 81,920 7,339 25,952 59,677 Food and Beverage 6,522
Slide 21: Key Performance Indicators
PURSUIT KEY fourth quarter PERFORMANCE 2024 HIGHLIGHTS INDICATORS 2024 2025 Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 As Reported Attractions KPIs: Number of Visitors 451,808 1,054,378 1,624,384 626,894 3,757,464 459,460 1,135,144 1,980,681 Effective Ticket Price $ 39.41 $ 41.45 $ 46.37 $ 40.73 $ 43.21 $ 41.25 $ 46.8
Slide 22: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION ADJUSTED EBITDA (000's) Q3'24 Q3'25 FY'24 Net income attributable to Pursuit 48,615 73,853 368,544 Net income attributable to non-redeemable noncontrolling interest 7,178 11,248 6,557 Net income (loss) attributable to redeemable noncontrolling interest 71 - (1,258)
Pursuit Attractions and Hospitality — Q3 2025 Earnings Presentation on 6ix