Pierre Et Vacances Sa · EURONEXT:VAC
Pierre Et Vacances Sa — Pierre & Vacances — H1 2025 Earnings Presentation
14 slides from Pierre Et Vacances Sa's earnings presentation, May 28, 2025
Slide 1: 2025 Half Year Results
2025 HALF YEAR RESULTS May 28, 2025
Slide 2: Disclaimer
DISCLAIMER Financial data disclosed in this presentation are stemming from operational reporting. To reflect the operating reality of the Group’s businesses and the transparency of their performance, the Group’s financial communication, in line with operational reporting as followed by management, c
Slide 3: Executive Summary
EXECUTIVE SUMMARY FY 2025 HALF YEAR PERFORMANCE • Solid tourism business over the winter season as a whole • H1 2025 results impacted by anticipated calendar effects (significant shift in revenue to the 2nd half) and one-off items CUSTOMER SATISFACTION AND BUSINESS DEVELOPMENT • Increase in customer
Slide 4: H1 2025 Financial Performance
01 H1 2025 Financial Performance
Slide 5: H1 2025 Financial Performance
H1 2025 FINANCIAL PERFORMANCE SOLID TOURISM BUSINESS OVER THE WINTER SEASON, WITH REVENUE DOWN BY A LIMITED -0.9% FOR THE FIRST HALF OF 2024/2025 DUE TO ANTICIPATED CALENDAR EFFECTS Reminder: The seasonal nature of the Group activities (40% of annual revenue recorded REVENUE: €802m (€760m for touris
Slide 6: H1 2025 Financial Performance
H1 2025 FINANCIAL PERFORMANCE SOLID TOURISM BUSINESS OVER THE WINTER SEASON, WITH ANTICIPATED CALENDAR SHIFTS FULLY OFFSET IN H2 2025 Reminder: ❑ EBITDA: The seasonal nature of the Group activities (40% of annual revenue recorded in H1, vs. a quite linear recognition of expenses YoY comparison of H1
Slide 7: H1 2025 Financial Performance
H1 2025 FINANCIAL PERFORMANCE SOLID TOURISM BUSINESS OVER THE WINTER SEASON, WITH ANTICIPATED CALENDAR SHIFTS FULLY OFFSET IN H2 2025 Reminder: The seasonal nature of the Group activities (40% of annual revenue recorded in H1, vs. a quite linear recognition of expenses ❑ Financial charges: throughou
Slide 8: H1 2025 Financial Performance: sound financial structure
H1 2025 FINANCIAL PERFORMANCE A SOUND FINANCIAL STRUCTURE, WITH CONTROLLED DEBT LEVEL Reminder: ❑ In July 2024, debt refinancing and signing of a 5-year €205m revolving credit line enabling the Group to put an end to the restructuring period ❑ The seasonal nature of the Group activities (40% of annu
Slide 9: Customer experience and development
02 Customer experience and development
Slide 10: Increase quality of experience and customer satisfaction
H2 OUTLOOK OUR CONSTANT FOCUS: INCREASE QUALITY OF EXPERIENCE AND CUSTOMER SATISFACTION Increase in customer satisfaction rates Significant renovations for all BLs: to improve customer experience Renovation of Center Parcs Hauts de Bruyères €66m Investments, financed by the Group and the owners NPS*
Slide 11: Center Parcs Openings
H2 OUTLOOK CENTER PARCS OPENINGS New Domain: Nordborg Resort, Denmark Extension: Villages Nature Paris, France 440 cottages 193 cottages premium & VIP o 1st Center Parcs in Scandinavia o May 7, 2025: 108 cottages VIP o Opening June, 20 2025 o July 2025: 85 cottages Premium o Located next to the coas
Slide 12: Pursue development on Pierre & Vacances, Adagio & Maeva
H2 OUTLOOK PURSUE DEVELOPMENT ON PIERRE & VACANCES, ADAGIO & MAEVA Pursue development with the opening new units & launching new markets 27 RESIDENCES UNDER ASSET LIGHT to date, +2 NEW APARTHOTELS IN 2025 Stuttgart +4 additional sites secured for 2025 London 180 APARTHOTELS IN 2030 In 25 countries 1
Slide 13: Group PVCP fully engages toward Gen AI revolution
H2 OUTLOOK GROUP PVCP FULLY ENGAGES TOWARD GEN AI REVOLUTION Gen AI Pioneer Club GenAI for All Build a strong internal AI community Provide GenAI secured solution for all employees • Community of 130 advanced experts cross functions, BLs • Deploy Alfred, our in-house GenAI chatbot & countries built
Slide 14: Annual growth trajectory confirmed by bookings in portfolio
H2 OUTLOOK ANNUAL GROWTH TRAJECTORY CONFIRMED BY OUR BOOKINGS IN PORTFOLIO • April: High level of bookings with activity over the month compensating for double the revenue shortfall in March • Achievement rates as of May 28, 2025: − Bookings over H2 represent 70% of the objective − Bookings over Q4