Tourism Holdings Limited · NZX:THL
Tourism — Shareholder Meeting (November 2026)
28 slides from Tourism's shareholder meeting presentation, Nov 6, 2026
Slide 1: 2026 Annual Meeting, 6 November 2026
2026 ANNUAL MEETING 6 NOVEMBER 2026
Slide 2: Welcome
thl 2026 ANNUAL MEETING 2 Welcome Cathy Quinn ONZM Chair
Slide 3: Proxies and postal votes
thl 2026 ANNUAL MEETING 3 Proxies and postal votes Valid proxy and postal votes 98.7 million Proxy and postal votes as a percentage of ordinary shares on issue 44.6% Proxies received appointing the Chair of the meeting as proxy 84.2 million
Slide 4: Agenda
thl 2026 ANNUAL MEETING 4 Agenda • Welcome and agenda • Chair’s address • Chief Executive’s address • Resolutions • Q&A & General Business
Slide 5: Chair's Address
thl 2026 ANNUAL MEETING 5 Chair’s Address Cathy Quinn ONZM Chair
Slide 6: Takeover update
thl 2026 ANNUAL MEETING 6 Takeover update Revised proposals received from both bidders Both the BGH consortium and Indie Campers have provided revised non-binding proposals to acquire thl Both proposals under review The Board is engaging with both parties, with its focus firmly on the best interests
Slide 7: Delivering on our commitments
thl 2026 ANNUAL MEETING 7 Delivering on our commitments UK & Ireland ✓ Sold for ~$57 million Manufacturing ✓ Brisbane closed, Hamilton consolidated Australia Retail ✓ Branch network and products consolidated North America ✓ Operational improvements made, but returns are significantly below target, a
Slide 8: The $100 million underlying NPAT goal
thl 2026 ANNUAL MEETING 8 The $100 million underlying NPAT goal 1 2 RV RENTALS MANUFACTURING Is it still the right ambition? Yes. The Board believes that the opportunity remains Growing fleet in attractive Procurement benefits as and the core building blocks are in place markets, improving lower-cos
Slide 9: Board acknowledgements
thl 2026 ANNUAL MEETING 9 Board acknowledgements JOINED RETIRING IN MAY 2026 IN NOVEMBER 2026 Barbara Chapman Sophie Mitchell CNZM Director since May 2026 Director since 2022 • Member, Audit & Risk • Chair, Remuneration Committee Committee • Member, Remuneration • Member, Audit & Risk, Committee Nom
Slide 10: CEO's Address
thl 2026 ANNUAL MEETING 10 CEO’s Address Grant Webster CEO & Managing Director
Slide 11: FY26 progress and focus areas
thl 2026 ANNUAL MEETING 11 FY26 progress and focus areas ACHIEVEMENTS ↑ PROFIT GROWTH ✓ RECORD RENTAL REVENUE ↑ DIVIDEND GROWTH ✓ DEBT REDUCTION ↑ RENTAL FLEET GROWTH ✓ COST-OUT INITIATIVES FOCUS AREAS GLOBAL AUSTRALIAN US VEHICLE SALES RETAIL PERFORMANCE
Slide 12: Our core is rentals
thl 2026 ANNUAL MEETING 12 Our core is rentals The rental engine is performing BUILD → RENT → SELL BUILD Designed for rental RENT SELL Rotates rental fleet Core earnings engine • thl is differentiated by its integrated Build – Rent – Sell model, providing flexibility to manage build volumes, rental
Slide 13: North America
thl 2026 ANNUAL MEETING 13 North America Largest RV market and single largest opportunity Significant upside potential if thl can improve returns in the US Significant actions already taken Reduced funds employed and cost base, brought the US and Canada teams closer together, and moved to a unified,
Slide 14: New Queenstown site opened August 2026
New Queenstown site opened August 2026 thl 2026 ANNUAL MEETING 14
Slide 15: Flagship Waitomokia site opened March 2025
Flagship Waitomokia site opened March 2025 thl 2026 ANNUAL MEETING 15
Slide 16: Flagship Winnebago Odyssey 40I
Flagship Winnebago Odyssey 40I thl 2026 ANNUAL MEETING 16
Slide 17: Flagship Winnebago Odyssey 40I
Flagship Winnebago Odyssey 40I thl 2026 ANNUAL MEETING 17
Slide 18: 4 Berth Voyager
4 Berth Voyager thl 2026 ANNUAL MEETING 18
Slide 19: New Zealand Tourism division
thl 2026 ANNUAL MEETING 19 New Zealand Tourism division An important part of thl’s heritage While thl’s core is RVs, Discover Waitomo and Kiwi Experience have been part of the business for almost 30 years The Group’s highest-performing division on ROFE The New Zealand tourism division continues to d
Slide 20: Our crew, safety and technology
thl 2026 ANNUAL MEETING 20 Our crew, safety and technology Our underlying philosophy Every crew member should go home each day in the same or better physical and mental state than when they started the day 10,000 Reasons Why A successful internal campaign asking our crew a simple question: why is he
Slide 21: Trading update and outlook
thl 2026 ANNUAL MEETING 21 Trading update and outlook • Q1 FY27 uNPAT was broadly flat with the prior year1 • Volatile operating environment, with inconsistent booking trends across markets and travel periods, as Middle East conflict and softer Australian consumer demand remain factors • Southern He
Slide 22: Priorities for the year
thl 2026 ANNUAL MEETING 22 Priorities for the year 01 Grow rentals: Efficiently manage fleet, utilisation and yield, and capture deferred demand as confidence returns 02 Lift returns in the US: Maintain clear discipline on capital while actively exploring alternative strategic options 03 Keep our sa
Slide 23: Formal Business
thl 2026 ANNUAL MEETING 23 Formal Business Cathy Quinn ONZM Chair
Slide 24: Resolutions
thl 2026 ANNUAL MEETING 24 Resolutions 1 Re-election of Cathy Quinn That Cathy Quinn, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company 2 Re-election of Robert Baker That Robert Baker, who retires by rotation and is eligible for re-election, be re-el
Slide 25: Proxy and postal votes received before the meeting
thl 2026 ANNUAL MEETING 25 Proxy and postal votes received before the meeting RESOLUTION 1: RESOLUTION 2: RESOLUTION 3: RESOLUTION 4: RESOLUTION 5: RE-ELECTION OF RE-ELECTION OF RE-ELECTION OF ELECTION OF AUDITOR FEES CATHY QUINN ROB BAKER GRANT WEBSTER BARBARA CHAPMAN AND EXPENSES Postal and online
Slide 26: Q&A & General Business
thl 2026 ANNUAL MEETING 26 Q&A & General Business Cathy Quinn ONZM Chair
Slide 27: Thank you
Slide 28: Disclaimer
thl 2026 ANNUAL MEETING 28 Disclaimer This presentation contains This presentation has been information given in this This presentation does not take forward-looking statements and prepared for publication in New presentation is given for illustrative into account any specific investors projections.
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