Slide 1: 1H26 Results Presentation
1H 26 RESULTS PRESENTATION EXPERIENCE CO LIMITED | 1H26 RESULTS | FEBRUARY 2026
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (ASX: EXP) contains summary information about EXP and its related bodies corporate and their activities. The information in this presentation is of a general background nature and does not purport to be compl
Slide 3: Agenda
AGENDA BUSINESS UPDATE 4 FINANCIAL UPDATE 9 TRADING UPDATE & OUTLOOK 15 REEF UNLIMITED | FITZROY ISLAND | AUSTRALIA EXPERIENCE CO LIMITED | 1H26 RESULTS | FEBRUARY 2026 3
Slide 4: Business Update
BUSINESS UPDATE EXPERIENCE CO LIMITED | 1H26 RESULTS | FEBRUARY 2026 NZONE | QUEENSTOWN | NEW ZEALAND 4
Slide 5: 1H26 Financial Highlights
1H26 FINANCIAL HIGHLIGHTS $67.2m +5% PCP (2) $10.5m +1% PCP (2) $8.5m (Jun-25: $11.1m) (4) $4.0m +10% PCP (2) Sales Revenue from continuing Underlying EBITDA(3) from Cash & cash equivalents Skydiving Segment operations(1) continuing operations(1) Underlying EBITDA(3) $2.6m (PCP: $1.6m) (2) $9.5c (Ju
Slide 6: 1H26 Business Unit Update
1H26 BUSINESS UNIT UPDATE Business performance largely in line with PCP(1) despite significant external impacts REEF UNLIMITED TANDEM SKYDIVING TREETOPS ADVENTURE WILD BUSH LUXURY CORPORATE • Maintained position • Maintained position as • Solid but varied • Sale to Intrepid Travel • Group-wide cost-
Slide 7: Australia's Inbound Demand Recovery
AUSTRALIA’S INBOUND DEMAND RECOVERY Aviation capacity is now at FY19 seat levels supported by strong resident outbound travel and a continually recovering inbound. Holiday arrivals to Australia are at 89% of 2019 levels. CAPACITY ARRIVALS & OUTBOUND VFR(1) & HOLIDAY Aviation Capacity to Australia Vi
Slide 8: Macro Tourism Performance
MACRO TOURISM PERFORMANCE Australian tourism market performance more inconsistent than New Zealand during 1H26 Australian Australian New Zealand Domestic International Tourism Tourism Tourism 113.2m overnight trips(1) 8.8m visitors to Australia(1) 3.5m visitors to New Zealand(2) vs 121m in 2019 vs 9
Slide 9: Financial Update
FINANCIAL UPDATE EXPERIENCE CO LIMITED | 1H26 RESULTS | FEBRUARY 2026 TREETOPS ADVENTURE | AUSTRALIA
Slide 10: Financial Performance
FINANCIAL PERFORMANCE Underlying result from continuing operations broadly in line with PCP despite significant external impacts GROUP FINANCIAL OVERVIEW – Continuing Operations(1) 1H 26 COMMENTARY $ MILLION 1H26 1H25 % • Improved reported profit after tax. REVENUE 67.2 64.2 5% • Stronger performanc
Slide 11: Skydiving
SKYDIVING 1H26 COMMENTARY Improved segment performance driven by New Zealand operations • Stronger performance in Skydive New Zealand vs PCP(2) was offset by weaker performance for Skydive Australia. FINANCIAL OVERVIEW • Skydive Australia volumes decreased by -7% vs PCP(2) driven $ MILLION 1H26 1H25
Slide 12: Adventure Experiences
ADVENTURE EXPERIENCES Continued strong performance of Reef Unlimited underpinned 1H26 COMMENTARY revenue growth of +8% vs. PCP(1)(2) • Segment remained largest contributor to Group result. FINANCIAL OVERVIEW – CONTINUING OPERATIONS(1) • Solid performance by Reef Unlimited offset by some softness in
Slide 13: Balance Sheet
BALANCE SHEET EXP maintains a solid balance sheet and debt facility flexibility BALANCE SHEET METRICS(1) 1H 26 COMMENTARY $ MILLION 31-DEC-25 30-JUN-25 % • Financial position remains sound and appropriately structured to support the CASH AND CASH EQUIVALENTS 8.5 11.1 (23%) business. NET (DEBT) / CAS
Slide 14: Cash Flow
CASH FLOW Net decrease in cash during 1H26 driven by lower free cash flow generated and capital management initiatives CASH FLOW 1H 26 COMMENTARY $ MILLION 1H26 1H25 % • Conversion of EBITDA into cash flow impacted by working capital timing. OPERATING CASH FLOWS 5.6 9.4 (41%) INVESTING CASH FLOWS (4
Slide 15: Trading Update & Outlook
TRADING UPDATE & OUTLOOK EXPERIENCE CO LIMITED | 1H26 RESULTS | FEBRUARY 2026 GREEN ISLAND | QUEENSLAND | AUSTRALIA
Slide 16: Strategic Priorities Update
STRATEGIC PRIORITIES UPDATE Management continues to focus on the strategic priorities outlined in FY25 Improving business performance remains a priority Focus on free cash flow generation and return on assets Earnings Improvement of operating margins within all business units Optimisation Cont
Slide 17: Skydive Australia Review
SKYDIVE AUSTRALIA REVIEW Business unit review being undertaken in 2H26 • Current performance of business unit below expectations and prior performance. • Since FY19, market dynamics impacting the business unit have changed. In particular: • Inconsistent return of international visitation across the
Slide 18: Trading Update & Outlook
TRADING UPDATE & OUTLOOK Challenging operating environment continued into January but longer-term outlook remains positive JANUARY TRADING OUTLOOK • Volumes consistent with commentary in Q2 26 trading update. • The Board and Management’s view on the longer-term earnings outlook of the Group remains
Slide 19: Experience Co - Thank You
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