Xreality Group Limited · ASX:XRG
Xreality — Indoor Skydive Australia Group — FY2017 Earnings Presentation
19 slides from Xreality's earnings presentation, September 2017
Slide 1: FY 2017 Results Presentation
For personal use only A visionary adventure leisure company formed to build and operate world class indoor skydiving facilities across the region FY 2017 Results Presentation
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Indoor Skydive Australia Group Limited Any statements or assumptions in this presentation as to future matters may (ISA Group) and provides general background information about the Company’s prove to be incorrect and the differe
Slide 3: Contents
Contents For personal use only 1. Overview 2. Results & Analysis 3. Strategy 4. Current Focus 5. Outlook 6. Summary 7. Appendices
Slide 4: Operational Highlights of FY17
1. Overview For personal use only Operational Highlights of FY17 3rd Australian Facility Opened in Perth • First facility to open ahead of schedule • Operations smooth and professional from day 1 • Winner Master Builders/BankWest 2017 Excellence in Construction – Best Public Use Building (under $20m
Slide 5: Operational Highlights of FY17 (continued)
1. Overview For personal use only Operational Highlights of FY17 Partnership with 1 Utama for First International Facility • Leverage off strong local knowledge and expertise • Reduced risk model with lower capital investment • Purpose built, central, easily accessible location Frequent Flyer Progra
Slide 6: Results & Analysis
2. Results & Analysis For personal use only Restated Variance % FY16 1H17 FY17 FY16 (FY17 vs FY16 (‘000) (‘000) (‘000) (‘000) Restated) Revenue & Other Income $8,344 $8,344 $5,145 $12,317 48% EBITDA* $35 ($140) ($262) $1,233 978% Net Profit After Tax ($1,315) ($1,507) ($893) ($891) 41% Cashflow from
Slide 7: Key Outcomes from FY17 Results
2. Results & Analysis For personal use only Key Outcomes from FY17 Results Profitable EBITDA* $1,233k Positive Cashflow from Operations $2,148k One off Accounting treatments Lease Treatment (73k), Share Based Payments (178k) Strong Sales Pipeline (unearned revenue) $1,907k Impacted by Perth pre-oper
Slide 8: Strategy
3. Strategy For personal use only First Australian Tunnel Proof of Concept 2nd Australian Tunnel Tourist/Urban Model 3rd Australian Tunnel Multi Market Model 4th Australian Tunnel Partnership with SkyVenture International Systems Development S/E Asian S/E Asian Expansion Preparation Management Model
Slide 9: Current Focus
4. Current Focus For personal use only Australian Further Current Projects Resulting in: Contingency: Expansion Tunnel Operations § Diversity by region § Currency § Additional Australian § Stable Operations § Sydney City Projects with 3 Facilities § Reduction in § Project Risk § Cost competitor § Pa
Slide 10: Current Focus – Operations Australia
4. Current Focus – Operations Australia Driving Performance For personal use only • Streetscape Activation • Strong Military and Professional Base • Early Success across Corporate and Kids • Inbound Tourism Initiatives • National Championships Programs • Efficiencies Implemented • Focus on Return Cu
Slide 11: Current Focus – Developments – Malaysia
4. Current Focus – Developments - Malaysia For personal use only First International Facility AirRider 1 Utama - On track to open December 2017 First integrated facility – world’s 4th largest shopping centre Management Model - proof of concept before wider roll out Local Partner – reduces risk and i
Slide 12: Current Focus – Developments – Australia
4. Current Focus – Developments - Australia For personal use only iFLY Sydney City Agreement for Lease to Dec 17 Joint Venture with SkyVenture Re-design underway to reduce CAPEX Final Partnership Structure to be Determined Construction Timeline to be developed Focus on Shareholder Value 2nd Sydney s
Slide 13: Outlook: Delivering Profit and Growth in FY18
5. Outlook For personal use only Delivering Profit and Growth in FY18 Profitable Group EBIT expected for FY18 Malaysian operations to commence Establishment of AirRider brand Commence to repay external debt Continued focus on Asian growth opportunity Consolidation of Management Model Flexibility in
Slide 14: Summary
6. Summary For personal use only Clear strategy for growth in an expanding industry Dynamic Board of Directors Strong management team Expertise in planning and execution Proven to deliver Flexibility in engagement / manufacturers / technology 14
Slide 15: Dynamic and Experienced Board of Directors
7. Appendices For personal use only Wayne Jones Director & Chief Executive Officer Ken Gillespie AC, DSC, CSM Chairman Danny Hogan MG Director & Chief Operations Officer Stephen Baxter Non-Executive Director Dynamic and Experienced Board of Directors 15
Slide 16: Wind Tunnel Locations – Global
For personal use only 16 0 10 20 30 40 50 60 USA Russia France Germany Poland China Australia Spain Canada Japan United Arab Emirates *Source - indoorskydivingsource.com United Kingdom Belgium Brazil Norway Sweden Ukraine Finland Iran 7. Appendices Netherlands New Zealand Thailand Argentina Austria
Slide 17: Global Wind Tunnel Market – Installed Capacity
7. Appendices Global Wind Tunnel Market - Installed Capacity (and 2018 planned tunnels) For personal use only 200 180 160 140 120 100 80 60 40 20 0 <1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 est. Wind T
Slide 18: Wind Tunnel Manufacturers
7. Appendices For personal use only Wind Tunnels Manufacturers – Competition in Manufacturing is driving increased efficiency in Technology 18 *Source - indoorskydivingsource.com
Slide 19: Thank you
For personal use only A visionary adventure leisure company formed to build and operate world class indoor skydiving facilities across the region Thank you
Indoor Skydive Australia Group — FY2017 Earnings Presentation on 6ix