Walt Disney Company (the) · NYSE:DIS
Walt Disney Company (the) — Investor Presentation (September 2023)
27 slides from Walt Disney Company (the)'s investor presentation, Sep 19, 2023
Slide 1: Highlights and Updates September 2023: Disney Parks, Experiences and Products
HIGHLIGHTS AND UPDATES SEPTEMBER 2023 DISNEY PARKS, EXPERIENCES AND PRODUCTS Exhibit 99.1
Slide 2: Forward-Looking Statements
© Disney Forward-Looking Statements Certain statements in this presentation may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations; strategy or focus; guidance; priorities; plans or opportuni
Slide 3: Strong Historical Results: Segment Revenue
STRONG HISTORICAL RESULTS $23.5 $25.3 $26.8 $28.7 $32.3 FY171 FY18 FY19 FY22 LTM2 6% CAGR 1. Reported GAAP revenue FY17 $23.0B. Intersegment share excluded from revenue and operating income for comparability purposes with previously restated periods, FY17 $0.5B 2. All references to LTM represent las
Slide 4: Strong Historical Results: Segment Operating Income
STRONG HISTORICAL RESULTS Disney Parks, Experiences and Products Segment Operating Income ($B) $23.5 $25.3 $26.8 $28.7 $32.3 $6.0 $6.7 $7.3 $7.9 $9.2 FY171 FY18 FY19 FY22 8% CAGR 1. Reported operating income FY17 $5.5B. Intersegment share excluded from revenue and operating income for comparability
Slide 5: Strong Historical Results: Segment Operating Margin
STRONG HISTORICAL RESULTS Disney Parks, Experiences and Products Segment Operating Margin FY171 FY18 FY19 FY22 OIRevenue OI Margin 1. Reported GAAP revenue FY17 $23.0B. Reported operating income FY17 $5.5B. Intersegment share excluded from revenue and operating income for comparability purposes with
Slide 6: Strong Results from Investments: Domestic Parks Operating Income
5% CAGR 14% CAGR STRONG RESULTS FROM INVESTMENTS Domestic Parks Historical Operating Income Long Term Trend AGGREGATE INVESTMENT INCREASED 3X1 OPERATING INCOME INCREASED 4X2 FY06 FY09 FY10 FY11FY05 FY12FY07 FY08 FY13 FY14 FY15 FY16 FY17 FY18 FY19FY02 FY03 FY04 FY20 FY21 FY22 LTM 1. Comparing aggrega
Slide 7: Pricing Strategies and Commercial Strategies: Per Capita Guest Spending Growth
FY19 OTHER COMMERCIAL STRATEGIES FY22 PRICING STRATEGIES 42% GROWTH COMMERCIAL TREMENDOUS PER CAPITA GUEST SPENDING GROWTH Domestic Parks
Slide 8: Sustained IP Investments: Domestic Parks
SUSTAINED IP INVESTMENTS FY12 - FY23 DOMESTIC PARKS FY12 - LTM ROIC +15ptsMargins OI 4x 3x Note: All data based on comparing value in LTM to value in FY12
Slide 9: Turbo-Charging Disney Parks, Experiences & Products
TURBO-CHARGING DISNEY PARKS, EXPERIENCES & PRODUCTS ALMOST DOUBLING GLOBAL CAPEX NEXT 10 YEARS VS PRIOR 10 ACCELERATE STORYTELLING EXPAND FOOTPRINT ADVANCE COMMERCIAL LEVERAGE TALENT REACH NEW FANS
Slide 10: Scale: 1K+ Acres of Land for Possible Future Development
SCALE 1K+ ACRES OF LAND FOR POSSIBLE FUTURE DEVELOPMENT1 Note: Map depicts existing theme park sites and current and announced Disney Cruise Line ports 1. At existing theme park sites
Slide 11: 700M+ Addressable Market
AUSTRALIA FANS ASIA NORTH AMERICA EUROPE SOUTH AMERICA 700M+ ADDRESSABLE MARKET For every 1 park guest today, there are 10+ consumers with Disney affinity who do not visit the parks Note: Consumer opportunity based on analysis of minimum level of Disney branded spending and current parks visitation
Slide 12: Disney Cruise Line
DISNEY CRUISE LINE
Slide 13: Strong Results from Investments: Disney Cruise Line Operating Income
2 SHIPS IN FLEET 23% CAGR 4 SHIPS IN FLEET MORE THAN DOUBLED CAPACITY Product Upgrades Product Upgrades FY06 FY09 FY10 FY11FY05 FY12FY07 FY08 FY13 FY14 FY15 FY16 FY17 FY18 FY19FY00 FY01 FY02 FY03 FY04FY98 FY99 Developing Family Cruise Market STRONG RESULTS FROM INVESTMENTS Disney Cruise Line Operati
Slide 14: Disney Cruise Line Occupancy, Return on Investment and Yield
Q4 Booked Occupancy1 98% Return on Investment3 DOUBLE-DIGIT Yield vs Industry2 2X 1. As of Q3’23 Earnings Call 2. Based on FY23 through Q3 FY23 metrics 3. Based on historical results through Q3’23
Slide 15: Disney Vacation Club
DISNEY VACATION CLUB
Slide 16: Disney Vacation Club Expansion Strategy
Margins STRONG Expansion Strategy ~1K NEW KEYS Return on Investment DOUBLE-DIGIT Note: All data based on historical results through Q3’23
Slide 17: Fort Wilderness Cabins
FORT WILDERNESS CABINS ~360 KEYS OPENING 2024 A r t i s t C o n c e p t O n l y
Slide 18: Polynesian Villas
POLYNESIAN VILLAS ~270 KEYS OPENING 2024 A r t i s t C o n c e p t O n l y
Slide 19: Top Sales Week of All Time
TOP SALES WEEK OF ALL TIME1~340 KEYS OPENING SEPTEMBER 28TH A r t i s t C o n c e p t O n l y 1. Based on net written sales
Slide 20: International Parks
INTERNATIONAL PARKS
Slide 21: International Attendance to Date
INTERNATIONAL ATTENDANCE TO DATE 1.3+ Billion Notes: Based on all Disney International Parks (Tokyo Disney Resort, Disneyland Paris, Hong Kong Disneyland, Shanghai Disney Resort) through Q3’23 The Company earns royalties on revenues generated by the Tokyo Disney Resort, which is owned and operated b
Slide 22: Strong Recovery: International Parks Operating Income
FY22 LTMFY19FY18 STRONG RECOVERY International Parks Operating Income 10% CAGR FY22 and LTM impacted by park closures
Slide 23: International Parks Per Capita Guest Spending
Q3 FY18-Q3 FY23 +69% International Parks1 Per Capita Guest Spending 1. Excludes Tokyo Disney Resort
Slide 24: Highest Selling Franchise and New Stories
$500M TOTAL SALES1HIGHEST SELLING FRANCHISE1NEW STORIES 1. Across Asia Parks portfolio (Shanghai Disney Resort, Hong Kong Disneyland, Tokyo Disney Resort)
Slide 25: Attendance Rebound in Q3'23
Attendance REBOUND in Q3’23 RECORD REVENUE, OI, MARGINS of all International Sites1 HIGHEST YoY OI GROWTH Note: All data based on historical results through Q3’23 unless otherwise stated 1. Compares Q3’23 to Q3’22 OI among all Disney International Parks (Tokyo Disney Resort, Disneyland Paris, Hong K
Slide 26: More Than Doubled Guest Scores
MORE THAN DOUBLED GUEST SCORES Note: Metrics based on comparing FY18 (last full year of operation before close) average data to FY22 average data >50% PER-ROOM SPEND INCREASE 100%+ AVERAGE DAILY RATE GROWTH
Slide 27: Per Capita Guest Spending Growth and Pricing Optimization
Per Capita Guest Spending Growth for Last 8 Quarters RECORD Attendance and Pricing OPTIMIZATION In Discounted Tickets Before COVID to Today1 SIGNIFICANT REDUCTION Note: All data based on historical results through Q3’23 unless otherwise noted 1. Compares FY19 average full year to FY23 average YTD th