Coast Entertainment Holdings Ltd · ASX:CEH
Coast Entertainment — H1 2025 Earnings Presentation
28 slides from Coast Entertainment's earnings presentation, Feb 21, 2025
Slide 1: Coast Entertainment Holdings Limited 1H25 Results Presentation
COAST ENTERTAINMENT HOLDINGS LIMITED 1H25 RESULTS PRESENTATION 21 February 2025
Slide 2: Group Overview
1H25 GROUP OVERVIEW 2
Slide 3: Key Messages
Group EBITDA excl Specific Items up $1.8m, marking third consecutive half-year of positive earnings KEY MESSAGES Consolidated EBITDA excl Specific Items1 of $1.9 million, marking the third consecutive half-year of positive earnings for the continuing business Theme Parks & Attractions delivered
Slide 4: Consolidated Results
Group’s continuing operations return to net profit CONSOLIDATED RESULTS A$m 1H25 1H24 Variance Operating revenue of $47.7 million increased by 9.6% compared to the Operating revenue 47.7 43.5 9.6% prior period, representing the Group’s highest first half revenue for the Theme Parks & Attractions E
Slide 5: Specific Items Impacting Results
1H25 Specific Items largely relate to FY24 storms SPECIFIC ITEMS 1 IMPACTING RESULTS A$m 1H25 1H24 Trading performance of the Group in the current and prior periods has EBITDA1 from continuing operations has been been impacted by a number of unrealised and non-recurring Specific Items impacted by th
Slide 6: Theme Parks & Attractions
1H25 THEME PARKS & ATTRACTIONS 6
Slide 7: Rivertown… A Whole New Dreamworld Experience
Strategic priorities RIVERTOWN… A WHOLE NEW DREAMWORLD EXPERIENCE The highly anticipated Rivertown and Jane’s Rivertown Restaurant, successfully opened on 23 December 2024 This new world will play a crucial role in driving attendance and enhancing the overall guest experience Features Dreamwor
Slide 8: What Our Guests Say About Rivertown…
Strategic priorities WHAT OUR GUESTS SAY ABOUT RIVERTOWN… “…• Theming again, is just phenomenal. All the staff being dressed up, theming elements every inch of the place. “Yep [management were] definitely hands on today, the • [The restaurant is a] really good size, feels like more tables place was
Slide 9: New attractions: Murrissippi Motors
New attractions Take the wheel of adventure with a new family-favourite, Murrissippi Motors! 9
Slide 10: New attractions: Jungle Rush coaster
New attractions A world first coaster, Jungle Rush is full of unexpected twists, turns and thrills 10
Slide 11: Jane's Rivertown Restaurant immersive dining experience
New attractions Jane's Rivertown Restaurant is an immersive dining experience! 11
Slide 12: 1H25 Financial Results
Solid growth amidst challenging consumer market 1H25 FINANCIAL RESULTS Theme Parks & Attractions delivered growth despite ongoing economic A$m 1H25 1H24 Variance challenges impacting consumer discretionary spending: Operating revenue 47.7 43.5 9.6% Operating revenue: $47.7 million, highest since
Slide 13: Revenue Metrics
1H25 growth vs 1H17 Annual Pass Sales1 Ticket Sales Per Cap1 REVENUE METRICS 1H25 total ticket sales1 grew 7.1% vs prior period, driven by increased promotional activity, including a successful Black Friday campaign. Despite increased promotions, ticket sales per cap remains well above historical
Slide 14: January 2025 Performance
Steady revenue and EBITDA growth JANUARY 2025 PERFORMANCE *UNAUDITED COVID impacted Storm impacted Following the opening of Rivertown in late December, the month of January 2025 has produced a strong trading performance, including: $'m Total visitation up 33% on pcp, driven by strong ticket sale
Slide 15: Providing a Unique Guest Experience
STRATEGIC PRIORITIES: “This place keeps PROVIDING A UNIQUE getting better and “Such a great park! Rivertown is by better! Rivertown is a far the best attraction on the Gold welcome new Coast! The new land is truly world GUEST EXPERIENCE addition to the park! Keep up the good class, something you wou
Slide 16: Events & Activations – Record Breaking Performance
Strategic priorities EVENTS & ACTIVATIONS – RECORD BREAKING PERFORMANCE 16
Slide 17: Other Updates
OTHER UPDATES King Claw ‘The Claw’ has been one of Dreamworld’s most popular attractions. At 20 years old, it has reached end of life. Options considered included ride closure, major overhaul, like-for-like replacement and upgrade to newer, larger version of the ride Decision taken to close the
Slide 18: Corporate Costs & Capital Management
1H25 CORPORATE COSTS & CAPITAL MANAGEMENT 18
Slide 19: Corporate Costs
CORPORATE COSTS Corporate costs of $2.3 million (excluding Specific Items) decreased by $0.7 million (23.8%) compared to the prior period Reduction was driven by savings in insurance and audit fees, resulting in the lowest level of corporate costs in over a decade Management continues to focus
Slide 20: Cash Flows & Capital Management
CASH FLOWS & CAPITAL MANAGEMENT A$m 1H25 1H24 As at 24 December, the Group had $59.9 million of cash on hand Opening cash balances 89.2 141.4 Operating cash flows increased $7.0 million compared to prior period, Operating cash flows 3.9 (3.1) driven by a stronger trading performance, higher annu
Slide 21: Appendices
| ible APPENDICES
Slide 22: Segmented Results – 1H25
APPENDIX 1 Segmented Results – 1H25 Discontinued Theme Parks & Continuing Operations A$m Attractions Corporate Operations Main Event Consolidated Segment operating revenue 47.7 - 47.7 - 47.7 Segment EBITDA 9.2 (2.2) 7.0 - 7.0 Depreciation and amortisation (5.9) - (5.9) - (5.9) Amortisation of lease
Slide 23: Segmented Results – 1H24
APPENDIX 1 Segmented Results – 1H24 Discontinued Theme Parks & Continuing Operations A$m Attractions Corporate Operations Main Event Consolidated Segment operating revenue 43.5 - 43.5 - 43.5 Operating EBITDA (1.7) (3.5) (5.2) - (5.2) Gain on disposal of Main Event business - - - 12.6 12.6 Segment EB
Slide 24: Specific Items by business unit – 1H25
APPENDIX 2 Specific Items by business unit – 1H25 Discontinued Theme Parks & Continuing Operations Attractions Corporate Operations Main Event Consolidated Segment EBITDA has been impacted by the following Specific Items: Insurance income in relation to FY24 storm damage and 5.4 - 5.4 - 5.4 business
Slide 25: Specific Items by business unit – 1H24
APPENDIX 2 Specific Items by business unit – 1H24 Discontinued Theme Parks & Continuing Operations Attractions Corporate Operations Main Event Consolidated Segment EBITDA has been impacted by the following Specific Items: Shareholder class action costs, net of insurance recoveries (3.7) - (3.7) - (3
Slide 26: Defined Terms
DEFINED TERMS 26
Slide 27: Defined Terms
DEFINED TERMS Defined Terms Description Continuing operations Theme Parks & Attractions business and Coast Entertainment Corporate Head Office DTA Deferred tax asset EBITDA Earnings before Interest, Tax, Depreciation and Amortisation EBIT Earnings before Interest and Tax F&B Food and beverage LTI Lo
Slide 28: Disclaimer
DISCLAIMER This information has been prepared for general information purposes only, is not general financial product advice and has been prepared by Coast Entertainment Holdings Limited (ABN 51 628 881 603) (CEH), without taking into account any potential investors’ personal objectives, financial s
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