Experience Co Ltd · ASX:EXP
Experience — Shareholder Meeting (November 2019)
17 slides from Experience's shareholder meeting presentation, Nov 20, 2019
Slide 1: Overview of Outcomes of Strategic Review
ASX RELEASE For personal use only 20 November 2019 EXPERIENCE CO LIMITED (ASX: EXP) – OVERVIEW OF OUTCOMES OF STRATEGIC REVIEW Experience Co Limited (ASX: EXP) today releases its Annual General Meeting presentation that includes an update on the outcomes of strategic review outlined in the FY19 resu
Slide 2: Contact Information and About Experience Co
John O’Sullivan, Chief Executive Officer, added: “Tourism remains fundamentally strong in Australia and New Zealand with the Adventure sector showing encouraging signs of growth. I am For personal use only excited to be leading the refreshed and revitalized management team to execute the outcomes of
Slide 3: Annual General Meeting
NNUAL GENERAL MEETING 20 November 2019
Slide 4: Summary Information
For personal use only SUMMARY INFORMATION This presentation has been prepared by Experience Co Limited (‘EXP’) contains summary information about EXP and its related bodies corporate and their activities. The information in this presentation is of a general background nature and does not purport to
Slide 5: CEO Addresses
EEO ADDRESSES RSTRAMIECICIR ENE) John 0’Sullivan
Slide 6: CEO Insights: Strategic Review Key Insights
CEO INSIGHTS STRATEGIC REVIEW HAS DELIVERED KEY INSIGHTS ON OUR MARKETS AND BUSINESS OUR MARKETS e& Adventure experiences will be a key driver of tourism growth between now and 2023 (-17% CAGR) ¥ Growth of the China market for adventure experience will continue to grow to $31bn by 2023 ¢ Australia a
Slide 7: Tourism Remains Fundamentally Strong
TOURISM REMAINS FUNDAMENTALLY STRONG TOURISM TO AUSTRALIA AND NEW ZEALAND CONTINUES TO GROW AUSTRALIA ¥ Domestic tourism remains strong with trips growing by 12% and expenditure growing by 15% to $77.5bn ¥ International Visitor arrivals grew by 3% to over 9.4m visitors and expenditure by 5% to $44.6
Slide 8: For personal use only
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Slide 9: Business Simplification
BUSINESS SIMPLIFICATION UNDER NEW LEADERSHIP. FY20 RE-SETTING BUSINESS FOR IMPROVED PERFORMANCE IN FY21 BEFORE © AFTER Strong appetite for acquisitive ¥ Organic growth leveraging the growth core business Increasingly concentrated FIX IMPLEMENT TRANSFORM ~ Recognition of key market exposure to FNQ we
Slide 10: Strong Operational Management Team in Place
STRONG OPERATIONAL MANAGEMENT TEAM IN PLACE RECENT APPOINTMENTS SEE OPERATIONAL LEADERS IN PLACE KATHRYN O’BRIEN CHIEF REVENUE OFFICER ~ Formerly GM, Sales & Marketing at Hamilton Island Enterprises ¥ Previous experience at Accor, Tourism NT and Voyages Tourism Australia ¥ Widely respected within Au
Slide 11: Core Business
CORE BUSINESS SKYDIVING AT OUR CORE ALONG WITH A FOCUS ON SCALEABLE REEF MARINE EXPERIENCES SKYDIVING REEF EXPERIENCES HELICOPTERS, CANYONING, RAFTING & BALLOONING FY19*:$26.2m EBITDA | $21.8m EBITA FY1S*: EBITDA $8.1m| EBITA $5.0m FY19*: EBITDA $4.3m | EBITA SL4m Osiqdive, nedne @sbrhelicopters 88s
Slide 12: For personal use only
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Slide 13: For personal use only
For personal use only ~$3M ~$3M ~$2-3M 14
Slide 14: Balance Sheet and ROIC
BALANCE SHEET AND ROIC AT THE CORE OF THE STRATEGIC REVIEW IS ROIC AND IN THE SHORT TERM IMPROVING BALANCE SHEET OPTIONALITY CAPITAL MANAGEMENT ROIC STRATEGIC OUTLOOK “Weighted average cost of capital ~10% Market conditions may impact year on year results wacc Assess ROIC on through cycle basis Q686
Slide 15: Positioning for Growth
For personal use only POSITIONING FOR GROWTH SIMPLIFIED ADVENTURE EXPERIENCES BUSINESS MODEL REMOVES DISTRACTION ON DELIVERING GROWTH IN CORE PORTFOLIO ~ #1in tandem skydiving operator in Australia and Y 1of2 operators of scale of Great Barrier Reef New Zealand markets Experiences in Cairns & Port D
Slide 16: Strategic Outlook
STRATEGIC OUTLOOK SIMPLIFIED CORE BUSINESS ATTRACTIVELY POSITION FOR GROWTH EXP attractively positioned in the Australasian adventure tourism sector Business simplification well progressed, management team in place High quality core portfolio with barriers to entry and reduced geographic exposure to
Slide 17: Trading Update & Outlook
TRADING UPDATE & OUTLOOK FY20 RE-SETTING THE BUSINESS FOR IMPROVED PERFORMANCE IN FY21 * Q1FY20 trading down on prior period ¢ Skydiving Qi FY20 impacted by weather in Australia and New Zealand down by 10.4% on prior year ¢ Adventure experiences revenue down by 21%, reef experience volumes down over