Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q1 FY20 Earnings Presentation
25 slides from Wonderla Holidays's earnings presentation, Aug 9, 2019
Slide 1: Q1 FY20 Result Update
Q1 FY20 RESULT UPDATE August 2019
Slide 2: • Q1 FY20 RESULT HIGHLIGHTS • Q1 FY20 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE
• Q1 FY20 RESULT HIGHLIGHTS • Q1 FY20 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q1 FY20 Result Highlights
Q1 FY20 RESULT HIGHLIGHTS Q1 FY20 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 55.3% 58.3% 31.7% 35.7% 1,176.2 1,038.8 685.9 524.7 574.9 428.7 420.3 13.2 % 19.3 % 329.7 22% 28 % Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 PAT Cash PAT PAT Margin % 3
Slide 4: Q1 FY20 Result Highlights – Financial Update
Q1 FY20 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q1 FY20 revenues increased by 13.2% YoY from Rs 1,038.8 mn to Rs 1,176.2 mn driven by 8.2% YoY growth in footfalls across all three parks ▪ Ticket revenue grew by 14% & non ticket revenue grew by 11% in Q1 FY20. ▪ Footfalls in Kochi, Bangalore & Hyderabad
Slide 5: Q1 FY20 Revenue Analysis
Q1 FY20 REVENUE ANALYSIS In Rs Mn SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 1038.8 1176.2 1038.8 1176.2 2.8% 3.2% 21.7% 21.2% 28.1% 26.6% 23.5% 24.7% 78.3% 78.8% 45.6% 45.5% Q1 FY19 Q1 FY120 Q1 FY19 Q1 FY20 Services Products Park - Bangalore Park - Kochi Park - Hyderabad Resort - Bangalore TICKET VS.
Slide 6: Q1 FY20 Revenue Analysis
Q1 FY20 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 1,216 1,266 930 978 4.1 % 5.2 % Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs) BREAK-UP OF NON-TICKET REVENUE (PARKS + RESORT) 8.7% 8.4% 286 288 10
Slide 7: Bangalore Park
BLA BANGALORE PARK
Slide 8: Portfolio Update – Amusement Park, Bangalore
PORTFOLIO UPDATE – AMUSEMENT PARK, BANGALORE • Launched in 2005 by the name ‘Wonderla’ • Wonderla Bangalore is located off the Bangalore-Mysore highway, 28 km from Central Bangalore • Situated on 81.75 acres of land with 63 land and water based attractions and other allied facilities • 5 restaurants
Slide 9: Bangalore Park – Revenue & Footfall Analysis
BANGALORE PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 1004 1055 292 291 5% 0.5 % Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 365.5 396.6 365.5 396.6 3%
Slide 10: Portfolio Update – Wonderla Resort, Bangalore
PORTFOLIO UPDATE – WONDERLA RESORT, BANGALORE • Three Star leisure resort attached to the amusement park; launched in March 2012 • The resort has 84 luxury rooms • The resort also has 4 banquet halls / conference rooms, totalling 8,900 sq. ft. with a capacity to hold 800 guests and a well equipped b
Slide 11: Kochi Park
KOCHI PARK
Slide 12: Portfolio Update – Amusement Park, Kochi
PORTFOLIO UPDATE – AMUSEMENT PARK, KOCHI • Launched in 2000 by the name ‘Veegaland’ and operating under the name ‘Wonderla’ since April 2008 • Situated on 93.17 acres of land, and currently occupying 28.75 acres for 57 land and water based attractions and other allied facilities • 6 restaurants offe
Slide 13: Kochi Park – Revenue & Footfall Analysis
KOCHI PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 888 262 832 250 6.8 % 4.7 % Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 225.9 252.8 225.9 252.8 19.0%
Slide 14: Hyderabad Park
HYDERABAD PARK
Slide 15: Portfolio Update – Amusement Park, Hyderabad
PORTFOLIO UPDATE – AMUSEMENT PARK, HYDERABAD • Launched in April 2016 by the name ‘Wonderla’. • Situated on 49.5 acres of land, and currently occupying 27.0 acres for 46 land and water-based attractions and other allied facilities. • 4 restaurants offering various cuisines, all are operated by the C
Slide 16: Hyderabad Park – Revenue & Footfall Analysis
HYDERABAD PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 908 946 313 308 4.2 % -1.6 % Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 239.5 249.6 239.5 249.6 1
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q1 FY 20 Q1 FY 19 YoY % FY 2019 Sale of Services 926.9 813.0 14.0% 2,144.2 Sale of products 249.3 225.8 10.4% 676.2 Revenue from Operations 1,176.2 1,038.8 13.2% 2,820.4 Cost of materials consumed 47.1 42.0 12.2% 130.7 Purchase of stock-in-trade 63.0 58
Slide 18: Company Overview – About Us
COMPANY OVERVIEW – ABOUT US • One of the largest amusement park operators in India with over 19 years of successful operations. Management has operational experience in the amusement park industry for over a decade • The promoters launched the first amusement park in 2000 in Kochi under the name Vee
Slide 19: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE % Shareholding – Jun 2019 Non Institutions 13.10% Institutions 17.50% Promoter 69.40% Key Institutional Investors – Jun 2019 % Holding Steinberg India Emerging Opp. Fund Limited 4.26% Svenska Hendelsbanken 2.22% Valuequest India Moat Fund Limited 2.00% HDFC
Slide 20: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 19 years in the industry • 14+ years in the industry ARUN KOCHOUSEPH KOCHOUSEPH CHITTILAPPILLY • Founded V-Guard Industries Ltd., a publicly • Holds a masters degree in industrial CHITTILAPPILLY PROMOTER AND listed company since 2008 and is c
Slide 21: Company Overview – Understanding the Wonderla Advantage
COMPANY OVERVIEW – UNDERSTANDING THE WONDERLA ADVANTAGE KEY CONCERNS ON SCALABILITY WONDERLA ADVANTAGE • In-House Design Capability for the Amusement Park HIGHLY CAPITAL • In-House Ride Manufacturing Facility in Kochi INTENSIVE BUSINESS • Manufactured / constructed 42 rides / attractions in-house •
Slide 22: Company Overview – Sustainable Competitive Advantages
COMPANY OVERVIEW – SUSTAINABLE COMPETITIVE ADVANTAGES OVER A DECADE OF OPERATIONAL PROXIMITY TO CITY WITH AMPLE LAND EXPERIENCE AND BRAND EQUITY AVAILABLE FOR FUTURE DEVELOPMENT • 19+ yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acre
Slide 23: Company Overview – Future Growth Strategy
COMPANY OVERVIEW – FUTURE GROWTH STRATEGY SCALABILITY – EXPANSION THROUGH SETTING • Currently in process of Construction of Project in Chennai as well as identifying potential NEW AMUSEMENT PARKS opportunities for setting up new parks in other key geographies FOCUS ON IMPROVISING EXISTING PARKS TO •
Slide 24: Company Overview – Global Ranking and Recognition
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION Wonderla parks in Bangalore, Kochi and Hyderabad were ranked at #3, #4 and #7 in India by Tripadvisor Wonderla Bangalore ranked 8th Best and Wonderla Kochi ranked 16th Best in Asia. 24
Slide 25: For Further Queries
FOR FURTHER QUERIES - Mr. Satheesh Seshadri Nachiket Kale CFO IR Consultant Email – Satheesh.seshadri@wonderla.com Dickenson IR Contact No : +91 9920940808 / 022 6627 6575 Email – nachiket.kale@dickensonworld.com Disclaimer This presentation and the following discussion may contain “forward looking