Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — H1 FY20 Earnings Presentation
27 slides from Wonderla Holidays's earnings presentation, Oct 31, 2019
Slide 1: Q2 & H1 FY20 Results Update
Q2 & H1 FY20 Results Update October 2019
Slide 2: Agenda
• Q2 & H1 FY20 RESULT HIGHLIGHTS • Q2 & H1 FY20 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q2 & H1 FY20 Result Highlights
Q2 & H1 FY20 RESULT HIGHLIGHTS Q2 FY20 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 413.0 408.2 21.9% 2.3% 0.4% 13.4% 90.6 108.2 -1.5% 106.6 54.8 -1.2% -39.4% 9.4 -83% 1.6 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 EBITDA EBITDA Margin % PAT Cash PAT PAT Marg
Slide 4: Q2 & H1 FY20 Result Highlights: Financial Update
Q2 & H1 FY20 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q2 FY20 Revenue impacted due to lower footfall largely due to excessive rainfall and floods in Kerala and Karnataka and unseasonal rain in Hyderabad. ▪ Kochi & Hyderabad park recorded 60% & 5% increase in footfall respectively and Bangalore park witn
Slide 5: Q2 & H1 FY20 Result Highlights: New Projects Update
Q2 & H1 FY20 RESULT HIGHLIGHTS NEW PROJECTS UPDATE ▪ Chennai : The Company has acquired 61.87 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 En
Slide 6: Q2 & H1 FY20 Revenue Analysis
Q2 & H1 FY20 REVENUE ANALYSIS SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 412.9 408.2 1,451.8 1,584.4 412.9 408.2 1,451.8 1,584.4 24.3% 24.7% 22.5% 22.1% 23.3% 24.0% 26.7% 25.9% 6.4% 6.0% 3.8% 3.9% 19.1% 29.2% 22.3% 25.9% 75.7% 75.3% 77.5% 77.9% 51.2% 40.8% 47.2% 44.3% Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 Q2
Slide 7: Q2 & H1 FY20 Revenue Analysis
Q2 & H1 FY20 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 903.3 926.3 1,187.1 1,212.1 839.6 1,118.1 1,074.6 796.5 3.9% 2.1% 5.1% 2.5% Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 AVG. NON-TICKET REVENUE PER VISITOR (PA
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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) 298.0 963.8 1,007.6 294.5 882.3 875.6 287.8 0.8 % 4.5% 281.2 6% 2.3 % Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANN
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) 248.7 249.5 253.1 814.3 832.5 235.0 762.5 719.2 5.7 % 2.2 % 5.5 % 1.5 % Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL
Slide 15: Hyderabad Park
WOND ER 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) 299.5 306.5 309.3 308.1 884.7 901.8 819.4 778.9 4.9 % 1.9 % 2.3% 0.4% Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 Q2 FY19 Q2 FY20 H1 FY19 H1 FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANN
Slide 18: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q2 FY 20 Q2 FY 19 YoY % H1 FY 20 H1 FY 19 YoY % Sale of Services 307.3 312.8 -1.8% 1,234.2 1,125.8 9.6% Sale of products 100.4 100.2 0.2% 349.1 326.0 7.1% Other Operating Revenue 0.5 - - 1.2 - - Total Revenue 408.2 413.0 -1.2% 1,584.4 1,451.8 9.1% Cost
Slide 19: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET As of As of As of As of 30 Sept 2019 31 March 2019 30 Sept 2019 31 March 2019 EQUITY AND LIABILITIES ASSETS Equity Non-current assets Property, plant and equipment 7,875.5 7,981.4 Equity share capital 565.2 565.1 Capital work-in-progress 356.0 334.6 Other equity 7,918.9 7,
Slide 20: Company Overview – About Us
COMPANY OVERVIEW – ABOUT US • One of the largest amusement park operators in India with over 19 years of successful operations. Management has operational experience in the amusement park industry for over a decade • The promoters launched the first amusement park in 2000 in Kochi under the name Vee
Slide 21: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE % Shareholding – Sep 2019 Non Institutions 13.69% Institutions 16.97% Promoter 69.34% Key Institutional Investors – Sep 2019 % Holding Steinberg India Emerging Opp. Fund Limited 6.08% Handelsbankens Tillvaxtmarknadsfond 2.22% UTI Mid Cap Fund 2.01% Valueques
Slide 22: 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 23: 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 24: 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 25: Company Overview – Future Growth Strategy
COMPANY OVERVIEW – FUTURE GROWTH STRATEGY SCALABILITY – EXPANSION THROUGH SETTING • Currently in process of Construction of Project in Chennai as well as identifying potential NEW AMUSEMENT PARKS opportunities for setting up new parks in other key geographies FOCUS ON IMPROVISING EXISTING PARKS TO •
Slide 26: 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. 26
Slide 27: For Further Queries
FOR FURTHER QUERIES - Mr. Satheesh Seshadri Nachiket Kale, IR Consultant CFO Dickenson World Email – Contact No : +91 9920940808 satheesh.seshadri@wonderla.com Email – nachiket.kale@dickensonworld.com Disclaimer This presentation and the following discussion may contain “forward looking statements”