Experience Co Ltd · ASX:EXP
Experience — Shareholder Meeting (October 2018)
21 slides from Experience's shareholder meeting presentation, Oct 26, 2018
Slide 1: ACN 4167
ACN 4167
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Experience Co Limited ACN 167 320 470 (”EXP”) Summary information This presentation contains summary information about EXP and its related bodies corporate and their activities, current as at 26 October 2018. The information in this presentation is a
Slide 3: John Diddams, Anthony Boucaut, Anthony Ritter
John Diddams Anthony Boucaut Anthony Ritter ACTING CHAIR FOUNDER & MANAGING DIRECTOR CEO & EXECUTIVE DIRECTOR 3
Slide 4: Agenda
1. Chairman’s Address 2. MD & CEO Joint Address 3. Ordinary Business in accordance with Notice of Meeting 4
Slide 5: 1. Chairman's Address
1. Chairman’s Address
Slide 6: Chairman's AGM Address
Chairman’s AGM Address The Company had a reasonably successful, albeit very challenging, year in FY18, growing Year on Year revenue and EBITDAI and achieving results in line with revised guidance. During the year, integration of the businesses acquired in late FY17 was a key management focus to ensu
Slide 7: Chairman's AGM Address (continued)
The Directors are pleased to have delivered a fully franked dividend of 1 cent per share. Before I close, as you are aware, I have held the role of Acting Chair of the Board since the resignation of Bill Beerworth in April of this year. As announced to market previously, subject to the re-election o
Slide 8: 2. MD & CEO Joint Address
2. MD & CEO Joint Address
Slide 9: Financial Performance – FY18
FINANCIAL PERFORMANCE – FY18 FY18 FY17 FY18 VS FY17 (%) Revenue ($m) 135.3 89.6 51.1% EBITDAI * ($m) 27.4 21.0 30.6% Normalised EBITDAI ** ($m) 30.2 22.4 34.8% NPAT ($m) 6.8 9.5 (28.4%) Normalised NPAT *** ($m) 14.5 11.2 29.5% *Earnings before Interest, Tax, Depreciation, Amortisation and Impairment
Slide 10: Financial Performance – FY18 (cont)
FINANCIAL PERFORMANCE – FY18 (CONT) NORMALISED EBITDAI FY18 ACTUAL NORMALISED NPAT FY18 ACTUAL Revenue ($m) 135.3 Revenue ($m) 135.3 EBITDAI ($m) 27.4 NPAT ($m) 6.8 EBITDAI (%) 20.3% NPAT (%) 6.5% One-off items * ($m) 2.8 One-off items ** ($m) 7.7 Normalised EBITDAI 30.2 Normalised NPAT 14.5 Normali
Slide 11: Financial Performance – FY18 (cont): Normalised Cashflow
FINANCIAL PERFORMANCE – FY18 (CONT) NORMALISED CASHFLOW FY18 ACTUAL FY17 ACTUAL Net cash provided by Operating activities per 4E 14.8 12.6 Finance Costs paid 1.7 1.2 Tax Paid 4.6 5.4 Sub-total 21.1 19.2 Movements in working capital from completion date to end of 1.9 - financial period for acquired c
Slide 12: Financial Reporting of Operating Segments
FINANCIAL REPORTING OF OPERATING SEGMENTS OTHER SKYDIVING SKYDIVING SHARED ADVENTURE SUB-TOTAL TOTAL AUS NZ SERVICES EXPERIENCES Revenue ($m) FY18 52.2 29.1 53.9 135.3 - 135.3 Revenue ($m) FY17 51.7 26.6 11.3 89.6 - 89.6 Growth (%) 0.9% 9.4% 376.9% 51.0% - 51.0% Normalised ** EBITDAI * ($m) FY18 16.
Slide 13: Specific Highlights for 1H18
SPECIFIC HIGHLIGHTS FOR 1H18 • Changed company name to Experience Co Limited and launched the parent company brand into the marketplace Experience Co Headquarters in Cairns, North Queensland which Experience Co retail shop in Cairns, North Queensland houses all of FNQ experiences 13
Slide 14: Highlights for FY18 (cont)
HIGHLIGHTS FOR FY18 (CONT) • Successful completion and integration of Byron Bay Ballooning (Byron Bay, NSW) • Acquisition completed 21 July 2017 • Successful completion and integration of Wine Country Ballooning (Hunter Valley, NSW) • Acquisition completed 18 September 2017 • Successful completion a
Slide 15: Highlights for FY18 (cont)
HIGHLIGHTS FOR FY18 (CONT) • Successful completion and integration of Blue Ocean Productions (Cairns, Far North Queensland) • Acquisition completed 28 November 2017 • Raised $60.9m through an Accelerated Non-Renounceable Entitlement Offer, oversubscribed by a strong investor base • Successful comple
Slide 16: FY19 Outlook and Guidance
FY19 OUTLOOK AND GUIDANCE Experience Co Limited reaffirm the FY19 guidance is as follows: FY19 GUIDANCE Revenue ($Am) 165 – 175 Normalised EBITDAI ($Am) 37 - 41 CAPEX FY19 GUIDANCE Sustaining Capex ($Am) 9 Growth Capex ($Am) 7 Total ($Am) 16 16
Slide 17: FY19 1st Quarter Update
FY19 1st QUARTER UPDATE Experience Co Limited advise the following update for the period 1 July 2018 to 30 September 2018: Passenger numbers: • Skydive (Australia and New Zealand) passengers are down 1.4% on same period last year (LFL) • Other Adventure passengers are up 1.6% on same period last yea
Slide 18: FY19 1st Quarter Update (cont)
FY19 1st QUARTER UPDATE (CONT) Office of the CFO • A contract Chief Financial Officer has been engaged for a 3-month term with possible extension of 3 months, commenced 10th October 2018 • Recruitment firm Johnson Partners (Sydney) have been engaged to recruit a permanent Chief Financial Officer; in
Slide 19: Thank You
THANK YOU I’d like to finish off by thanking a number of people for the FY18 year, I’d like to thank the Board of Directors, I’d like to thank the shareholders and also all stakeholders associated with Experience Co. The main thanks I would like to offer today is for our team for their continued ent
Slide 20: 3. Ordinary Business in accordance with Notice of Meeting
3. Ordinary Business in accordance with Notice of Meeting
Slide 21: Further information
Further information O Skydive, @gbrheiicopters above and beyond Fatzeey ISLAND ADVENTURES BG) W Wiaconin SKYDIVE eS SKYDIVE WANAKA nZone ANAK SKYDIVE SOUTHERN ALPS Ballooning BigCat TROPICAL JOURNEYS DAINTREES@ CALYPSO Green Island DSCOVERTHE WOLDS LARGEST JOURN ECOSNSTEM TOURS = Peete EXPERIENCECO.