Slide 1: 1H23 Results Presentation
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (ASX: EXP) contains summary information about EXP and its related bodies corporateand their activities. The informationin this presentation is of a general background nature and does not purport to be complet
Slide 3: Agenda
AGENDA BUSINESS UPDATE FINANCIAL RESULTS TRADING UPDATE & OUTLOOK 10 16 EXPERIENCE CO LIMITED | 1H23 RESULTS | 15 FEBRUARY 2023 3
Slide 4: Business Update
REEF MAGIC 'REMOORA' | CAIRNS| AUSTRALIA EXPERIENCECO EXPERIENCE CO LIMITED | 1H2
Slide 5: Demand and Supply Recovering Well
DEMAND AND SUPPLY RECOVERING WELL Volumes improved asthe half progressed, 1H23 has seen destination markets of TNQ and NZ recover at a faster pace than MARKET IMPROVEMENT ne cS Strongest trading volumes and revenue since COVID 7 COVID restrictions had a reduced impact in 1H23, Labour supply pressure
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS 1H23, $51.5m $5.8m $14.4m $0.3m Sales Revenue Underlying EBITDA’ Cash & cash equivalents $(1.6)m $8.5c $2.3m Skydiving Underlying EBITDA’ $8.7m Net loss after tax NTA per share Net debt? Adventure Experiences Underlying EBITDA’
Slide 7: A Better Business Than Pre COVID
A BETTER BUSINESS THAN PRE COVID Aclear strategy following reset of the business from the 2019 Strategic Review. Demonstrated management execution and investment in the platform and acquisitions during COVID has the business well placed for growth New Board composition announced New CEOand CFO appoi
Slide 8: Demand Recovering
EXPERIENCE’ DEMAND RECOVERING International demand expected to reach pre-pandemic levels during FY25. Aviation capacity and pricing are continuing to be the key driver in the leisure arrivals trends. In near term anticipating VFR will continue to be large component of leisure arrivals Aviation Capac
Slide 9: Growth Update
TREETOPS GROWTH UPDATE While we concentrate on restoring Skydive and Reef Unlimited to pre pandemic volumes, we are investing in expansion opportunities across the portfolio WBL EXPANSION GARDENS OF STONE REEF MAGIC PONTOON + Site rollout continued with opening of Cape Tribulation in July 2022 + Tar
Slide 10: NZONE | Queenstown | New Zealand
ie te NZONE | QUEENSTOWN | NEW ZEALAND. EXPERIENCE! EXPERIENCE CO LIMITED | 1H23 RESULTS | 15 FEBRUARY 2023 10
Slide 11: Financial Performance
FINANCIAL PERFORMANCE GROUP FINANCIALS REVENUE 515 19.2 168% EBITDA’ 5.2 (4.5) 216% PROFIT / (LOSS) BEFORE TAX (1.6) (9.2) 83% PROFIT / (LOSS) AFTER TAX (1.6) (4.1) 60% UNDERLYINGEBITDA? 58 (3) 289% NTAPER SHARE (CENTS) 85 87 NET CASH / (DEBT) (23) 3.0 EXPERIENCE COMMENTARY Volumes strongest since p
Slide 12: 1H23 Revenue
EXPERIENCECO 1H23 REVENUE VOLUME AND PRICE DISCIPLINE DRIVING THE EARNINGS RECOVERY GROUP REVENUE a SKYDIVING 195 93 110% ADVENTURE EXPERIENCES: 32.0 99 224% SALES REVENUE’ S15 19.2 168% 1H23 REVENUE COMPOSITION 60 — 50 = Treetop Adventure e o 40 A 2 2 Adventure Experiences g 30 a 20 i Aviation® a y
Slide 13: Skydiving
SKYDIVING SKYDIVING COMMENTARY half year volume po SKYDIVING REVENUE 170 1S 137% headwinds of La Nina and le AVIATION & OTHER REVENUE 25 18 (10%) SALES REVENUE 19.5 93 710% Verinintsinks EuTs[ee OTHER INCOME 02 1s N/A cing in es continued to be yield led TOTAL SEGMENT REVENUE 9.8 10.8 B4% UNDERLYING
Slide 14: Adventure Experiences
ADVENTURE EXPERIENCES ADVENTURE EXPERIENCES. SALES REVENUE 320 99 223% OTHER INCOME o7 22 (67%) TOTAL SEGMENT REVENUE 327 21 171% UNDERLYINGEBITDA 8.7 08 nia TREETOPS ADVENTURE PAX (000s) 1H23 volumes impacted by EXPERIENCE! adv ther conditions in Julyand October school holiday periods 120 100 80 60
Slide 15: Balance Sheet & Cashflow
BALANCE SHEET & CASHFLOW BALANCE SHEET METRICS. CASH & CASH EQUIVALENTS, zs 18.3 (21%) TANGIBLE ASSETS 108.9 110.6 (25%) NET CASH / (DEBT) (23) 3.0 (177%) NET TANGIBLE ASSETS 64.0 65.3 (2%) CASHFLOW NET OPERATING CASHFLOW 42 (0.0) a NET INVESTING CASHFLOW (49) (35.7) na NET FINANCING (32) 498 a NET
Slide 16: Trading Update & Outlook
Slide 17: International Recovery Outlook
INTERNATIONAL RECOVERY OUTLOOK Recovery in inbound visitation expected to be at pre pandemic levels by 2025. China expected to once again be the predominant international market and grow materially on pre pandemic levels "a CY 2005 - CY 2029 2500000 Domestic ca 22s7601 airs mome ste Other 8% Domesti
Slide 18: Trading Update & Outlook
TRADING UPDATE & OUTLOOK WELL PLACED TO EXECUTE INBOUND & CHINA OPPORTUNITIES IN CY23 TRADING UPDATE Demand robust in the domestic consumer through January Weather conditions have normalised, albeit domestic customer mix highly weighted to weekends and holiday periods Return of international markets
Slide 19: Thank You
EXPERIENCECO @ Skydive wm os oth ane CALYPSO pcermacic A, BWiidsish PAINTER Po geen Gey Ror a = i l L SE aeake ea a db THANK YOU