Pursuit Attractions And Hospitality, Inc. · NYSE:PRSU
Pursuit Attractions And Hospitality — Q2 2025 Earnings Presentation
25 slides from Pursuit Attractions And Hospitality's earnings presentation, Aug 6, 2025
Slide 1: Second Quarter 2025 Earnings Presentation
SECOND QUARTER 2025 EARNINGS PRESENTATION AUGUST 6, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation contains a number of forward-looking ⁄ accidents and adverse incidents at our hotels and attractions; For a more complete discussion of the risks and uncertainties statements. Words, and variations of words, such as “will,” ⁄ sufficiency and cost of insurance coverage; t
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 strong second quarter 2025 performance with 1 significant year-over-year growth Refresh, Build, Buy strategy continues driving growth with 2 strategic Costa Rica acquisition and organic investments 3 Raising guidance for full year 2025 growth 4
Slide 5: Business Highlights
BUSINESS HIGHLIGHTS 5
Slide 6: Has the Scale and Financial Foundation to Drive Sustainable Growth
HAS THE SCALE AND FINANCIAL FOUNDATION TO DRIVE SUSTAINABLE GROWTH $440M $113M 17 4 Revenue AEBITDA2 Sightseeing Countries 2025E1 Mid-Point 2025E1 Mid-Point Attractions $98M 1.5x 29 ~4,350 Pro Forma Pro Forma Net Distinctive Team Liquidity3 Leverage4 Lodges Members5 1. Represents the mid-point of fu
Slide 7: Our Powerful Strategy Has Delivered Significant Growth Through Organic and Inorganic Opportunities
OUR POWERFUL STRATEGY HAS DELIVERED SIGNIFICANT GROWTH THROUGH ORGANIC AND INORGANIC OPPORTUNITIES Existing Experiences / ~6% CAGR REVENUE GROWTH DRIVERS ($ in millions) ⁄ Perennial demand / underlying growth from secular trends MORE THAN ⁄ An obsessive focus on team member and guest TRIPLED REVENUE
Slide 8: Proven Track Record of Creating Value Through Refresh, Build, Buy
PROVEN TRACK RECORD OF CREATING VALUE OVER A DECADE THROUGH REFRESH, BUILD, BUY GROWTH STRATEGY REFRESH BUILD BUY 13 MAJOR REFRESH, Improving existing Creating new Acquiring one-of-a-kind BUILD, BUY GROWTH experiences experiences experiences INVESTMENTS COMPLETED 2014 - 20231 ~$460M 2014 BUILD Glaci
Slide 9: Tabacón: Transformative Transaction to Accelerate Growth
TABACÓN: TRANSFORMATIVE TRANSACTION TO ACCELERATE GROWTH TRANSACTION DETAILS STRATEGIC RATIONALE Acquired Tabacón Thermal Resort & Spa ⁄ Iconic, year-round attraction-focused Properties 2 hot springs attractions (guest resort in the popular Arenal region of and day use areas), 105-room Costa Rica lu
Slide 10: Tabacón: World-Class Attraction and Hospitality Experiences
TABACÓN: WORLD-CLASS PURSUIT fourth ATTRACTION quarter 2024 AND HOSPITALITY EXPERIENCES HIGHLIGHTS IN AN ICONIC TRAVEL DESTINATION TABACÓN THERMAL RESORT & SPA IS A ONE-OF-A-KIND EXPERIENCE IN THE POPULAR ARENAL REGION IN COSTA RICA ⁄ Renowned attraction-focused luxury resort and spa experience loca
Slide 11: Tabacón: Expect Accelerated Growth
TABACÓN: EXPECT PURSUIT fourth ACCELERATED quarter GROWTH 2024 HIGHLIGHTS TO DRIVE LONG-TERM VALUE CREATION 1 CLEAR PATH TO SIGNIFICANT NEAR-TERM GROWTH THROUGH OPERATIONAL ENHANCEMENTS ⁄ Benefit from recent investments, including the creation of Choyín Rio Termal attraction (opened March 2024) ⁄ Yi
Slide 12: Organic Refresh Opportunity: Grouse Mountain Lodge
ORGANIC REFRESH OPPORTUNITY TO TRANSFORM AND REPOSITION PURSUIT fourth quarter 2024 HIGHLIGHTS GROUSE MOUNTAIN LODGE IN WHITEFISH, MONTANA Phased refresh of property will dramatically improve the guest experience and create a differentiated offering in a high-demand market near Glacier National Park
Slide 13: 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 14: Financial Highlights
FINANCIAL HIGHLIGHTS 14
Slide 15: Pursuit Second Quarter 2025 Highlights
PURSUIT QUARTER SECOND fourth quarter 20252024 HIGHLIGHTS HIGHLIGHTS Change ($ in millions) Q2’25 vs. Q2’24 Revenue: ⁄ Total Revenue increased ~15% Ticket Revenue $53.2 $9.5 primarily driven by continued Room Revenue 26.0 1.4 momentum in guest demand Food & Beverage 17.3 2.3 and the compelling value
Slide 16: Second Quarter 2025 Attraction Highlights
PURSUIT QUARTER SECOND fourth quarter 20252024 ATTRACTION HIGHLIGHTS PERFORMANCE TICKET REVENUE ATTRACTION ($ in millions) METRICS Visitors ⁄ 22% ticket revenue (in thousands) growth with +22% meaningful $53.2 improvement in +8% effective ticket prices and additional visitors 1,054 1,135 $43.7 ⁄ Str
Slide 17: Second Quarter 2025 Hospitality Highlights
PURSUIT QUARTER SECOND fourth quarter 20252024 HOSPITALITY HIGHLIGHTS PERFORMANCE ROOM REVENUE HOSPITALITY ($ in millions) METRICS Same-Store1 RevPAR ⁄ 9% same-store RevPAR growth +6% with strong +9% increases in ADR $26.0 and occupancy $24.6 $150.73 $164.15 ⁄ All collections delivered growth in roo
Slide 18: Lodging Booking Pace Indicates Continued Strong Demand
LODGING BOOKING PACE1 INDICATES CONTINUED STRONG DEMAND Lodging pacing is a leading indicator of destination demand and the strength in advanced bookings supports our favorable outlook for both our lodging and attractions CANADIAN LODGING US LODGING FY Room Revenue on the Books1 FY Room Revenue on t
Slide 19: Raising Full Year 2025 Guidance
RAISING FULL YEAR 2025 GUIDANCE, PURSUIT fourth quarter 2024 HIGHLIGHTS WITH EXPECTATION FOR CONTINUED STRONG GROWTH EXPECT DOUBLE-DIGIT GROWTH IN REVENUE AND ADJUSTED EBITDA ADJUSTED EBITDA1, 2 ($ in millions) GUIDANCE CHANGES +40%-53% ⁄ Increase of ~$7M due to FX changes, $108 - $118 including rev
Slide 20: Appendix
APPENDIX 20
Slide 21: 2025 Financial Outlook
PURSUIT 2025 FINANCIAL fourth quarter OUTLOOK 2024 HIGHLIGHTS ($ in millions) FY’25 GUIDANCE2 FY’24 ACTUALS Up ~20% at the mid-point Revenue $366.5 vs. 2024 Adjusted EBITDA1 $108 to $118 $77.1 $30 to $35 Maintenance Capex $36.1 (~7-8% of Revenue) Growth Capex $38 to $43 $20.2 Total Capex $71 to $76
Slide 22: Balance Sheet and Liquidity Highlights
PURSUIT QUARTER SECOND fourth quarter 20252024 BALANCE HIGHLIGHTS SHEET AND LIQUIDITY HIGHLIGHTS STRONG BALANCE SHEET FOR ACCELERATED GROWTH WITH LOW LEVERAGE AND SIGNIFICANT REVOLVER CAPACITY BALANCE SHEET Q1’25 Q2’25 LIQUIDITY Q2’25 ($ in millions) ($ in millions) Cash and Cash Equivalents 22.8 24
Slide 23: Supplemental Revenue Disclosures
PURSUIT fourth quarter SUPPLEMENTAL REVENUE 2024 HIGHLIGHTS DISCLOSURES 2024 2025 Q1 Q2 Q3 Q4 FY Q1 Q2 (in thousands) Ticket Revenue $ 17,805 $ 43,707 $ 75,330 $ 25,535 $ 162,377 $ 18,952 $ 53,200 Rooms Revenue 7,604 24,578 42,020 7,719 81,920 7,339 25,952 Food and Beverage 6,522 15,046 26,135 6,637
Slide 24: Key Performance Indicators
PURSUIT KEY fourth quarter PERFORMANCE 2024 HIGHLIGHTS INDICATORS 2024 2025 Q1 Q2 Q3 Q4 FY Q1 Q2 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 Effective Ticket Price $ 39.41 $ 41.45 $ 46.37 $ 40.73 $ 43.21 $ 41.25 $ 46.87 Ticket Reve
Slide 25: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION ADJUSTED EBITDA (000's) Q2'24 Q2'25 FY'24 Net income attributable to Pursuit 29,311 5,646 368,544 Net income attributable to non-redeemable noncontrolling interest 1,807 3,085 6,557 Net loss attributable to redeemable noncontrolling interest (240) - (1,258) Income f
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