Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q3 FY2020 Earnings Presentation
24 slides from Wonderla Holidays's earnings presentation, Jan 29, 2020
Slide 1: Q3 & 9M FY20 Result Update
Q3 & 9M FY20 RESULT UPDATE January 2020
Slide 2: Agenda
• Q3 & 9M FY20 RESULT HIGHLIGHTS • Q3 & 9M FY20 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q3 & 9M FY20 Result Highlights
Q3 & 9M FY20 RESULT HIGHLIGHTS Q3 FY20 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 39.1% 35.6% 30.0% 19.1% 40. 0% 760.5 700.1 35. 0% 315.0 297.7 30. 0% 243.7 249.6 25. 0% 210.3 20. 0% 145.2 29.3% 15. 0% 7.9% 16.2% 10. 0% 44.9% 5.0 % 0.0 % Q3 FY19 Q3 FY20 Q3 FY19
Slide 4: Q3 FY20 Result Highlights: Financial Update
Q3 FY20 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q3 FY20 Revenue from operations seen at Rs 700.12 mn impacted majorly by 5.3% YoY decline in footfalls attributable to poor consumer sentiment & reduced discretionary spends, and 2.6% YoY reduction in avg. revenue per visitor ▪ Q3 FY20 ticket revenue redu
Slide 5: Q3 FY20 Result Highlights: New Projects Update
Q3 FY20 RESULT HIGHLIGHTS NEW PROJECTS UPDATE ▪ Chennai : The Company has acquired 64 acres of land for the new Amusement Park project in Kelambakkam in Chennai. The Government of Tamil Nadu has given exemption to the Company from levy of Entertainment Tax under Tamil Nadu Local Authority Entertainm
Slide 6: Q3 & 9M FY20 Revenue Analysis
Q3 & 9M FY20 REVENUE ANALYSIS In Rs Mn SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 760.5 700.1 2,212.3 2,284.5 760.5 700.1 2,212.3 2,284.5 4% 3.9% 3.9% 3.9% 25.6% 26.7% 23.5% 23.5% 26.5% 26.9% 26.1% 29.0% 24.3% 27.7% 28.2% 31.9% 74.4% 73.3% 76.5% 76.5% 41.7% 35.2% 45.3% 41.5% Q3 FY19 Q3 FY20 9M FY19 9M
Slide 7: Q3 & 9M FY20 Revenue Analysis
Q3 & 9M FY20 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 1,097.8 1,110.8 959.5 934.3 826.6 834.3 707.8 673.8 2.6% 1.2% 4.8% 0.9% Q3 FY19 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 AVG. NON-TICKET REVENUE PER VISITOR (PARKS)
Slide 8: Bangalore Park
BLA BANGALORE PARK
Slide 9: Portfolio Update – Amusement Park, Bangalore
PORTFOLIO UPDATE – AMUSEMENT PARK, BANGALORE • Launched in 2005 by the name ‘Wonderla’ • Wonderla Bangalore is located off the Bangalore-Mysore highway, 28 km from Central Bangalore • Situated on 81.75 acres of land with 61 land and water based attractions and other allied facilities • 5 company-ope
Slide 10: Bangalore Park – Revenue & Footfall Analysis
BANGALORE PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 917.0 949.5 828.7 810.9 279.8 278.9 290.2 262.2 2.2% 3.5% 6.7% 4% Q3 FY19 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (
Slide 11: Portfolio Update – Wonderla Resort, Bangalore
PORTFOLIO UPDATE – WONDERLA RESORT, BANGALORE • Three Star leisure resort attached to the amusement park; launched in March 2012 • The resort has 84 luxury rooms • The resort also has 4 banquet halls / conference rooms, totalling 8,900 sq. ft. with a capacity to hold 800 guests and a well equipped b
Slide 12: Kochi Park
KOCHI PARK
Slide 13: Portfolio Update – Amusement Park, Kochi
PORTFOLIO UPDATE – AMUSEMENT PARK, KOCHI • Launched in 2000 by the name ‘Veegaland’ and operating under the name ‘Wonderla’ since April 2008 • Situated on 93.17 acres of land, and currently occupying 28.75 acres for 56 land and water based attractions and other allied facilities • 6 restaurants offe
Slide 14: Kochi Park – Revenue & Footfall Analysis
KOCHI PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 713.6 737.9 596.0 603.1 226.7 237.5 239.0 246.7 1.2% 3.4% 4.8% 3.2% Q3 FY19 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘0
Slide 15: Hyderabad Park
HYDERABAD PARK
Slide 16: Portfolio Update – Amusement Park, Hyderabad
PORTFOLIO UPDATE – AMUSEMENT PARK, HYDERABAD • Launched in April 2016 by the name ‘Wonderla’. • Situated on 49.5 acres of land, and currently occupying 27.0 acres for 46 land and water-based attractions and other allied facilities. • 4 company operated restaurants offering various cuisines • The Par
Slide 17: Hyderabad Park – Revenue & Footfall Analysis
HYDERABAD PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 804.1 788.55 679.0 620.3 293.2 292.0 268.3 268.0 8.6% 1.9% 0.1% 0.4% Q3 FY19 Q3 FY20 9M FY19 9M FY20 Q3 FY19 Q3 FY20 9M FY19 9M FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANNE
Slide 18: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q3 FY 20 Q3 FY 19 YoY % 9M FY 20 9M FY 19 YoY % Sale of Services 513.4 566.1 -9.3% 1,747.6 1,691.9 3.3% Sale of products 186.4 194.4 -4.1% 535.5 520.4 2.9% Other Operating Revenue 0.3 - - 1.5 - - Revenue from Operations 700.1 760.5 -7.9% 2,284.5 2,212.3
Slide 19: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 19 years in the industry • 14+ years in the industry ARUN KOCHOUSEPH KOCHOUSEPH CHITTILAPPILLY • Founded V-Guard Industries Ltd., a publicly • Holds a masters degree in industrial CHITTILAPPILLY PROMOTER AND listed company since 2008 and is c
Slide 20: Company Overview – Understanding the Wonderla Advantage
COMPANY OVERVIEW – UNDERSTANDING THE WONDERLA ADVANTAGE KEY CONCERNS ON SCALABILITY WONDERLA ADVANTAGE • In-House Design Capability for the Amusement Park HIGHLY CAPITAL • In-House Ride Manufacturing Facility in Kochi INTENSIVE BUSINESS • Manufactured / constructed 42 rides / attractions in-house •
Slide 21: Company Overview – Sustainable Competitive Advantages
COMPANY OVERVIEW – SUSTAINABLE COMPETITIVE ADVANTAGES OVER A DECADE OF OPERATIONAL PROXIMITY TO CITY WITH AMPLE LAND EXPERIENCE AND BRAND EQUITY AVAILABLE FOR FUTURE DEVELOPMENT • 19+ yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acre
Slide 22: Company Overview – Future Growth Strategy
COMPANY OVERVIEW – FUTURE GROWTH STRATEGY • Currently in process of Construction of Project in Chennai as well as identifying potential SCALABILITY – EXPANSION THROUGH SETTING opportunities for setting up new parks in other key geographies NEW AMUSEMENT PARKS • Board has recently approved setting up
Slide 23: Company Overview – Global Ranking and Recognition
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION Wonderla parks in Bangalore, Kochi and Hyderabad were ranked at #3, #4 and #7 in India by Tripadvisor Wonderla Bangalore ranked 8th Best and Wonderla Kochi ranked 16th Best in Asia. 23
Slide 24: For Further Queries
FOR FURTHER QUERIES - Mr. Satheesh Seshadri Mehul Mehta/Nachiket Kale CFO IR Consultant Email – Dickenson World satheesh.seshadri@wonderla.com Contact No : +91 9920940808 Email – wonderla@dickensonworld.com Disclaimer This presentation and the following discussion may contain “forward looking statem