Evt Limited · ASX:EVT
Evt — Event Hospitality & Entertainment — H1 2016 Earnings Presentation
27 slides from Evt's earnings presentation, Feb 19, 2016
Slide 1: Half Year (31 December 2015) Results Presentation
For personal use only EVENT HOSPITALITY & ENTERTAINMENT LIMITED (previously Amalgamated Holdings Limited) Half Year (31 December 2015) Results Presentation Date: 19 February 2016 Further information ASX Company Security Code: EVT (previously AHD) Telephone: +61 2 9373 6600 Contact: David Seargeant (
Slide 2: Results summary
Results summary 31 December 2015 31 December 2014 Total revenue and other income $661.064 million $570.534 million For personal use only Profit for the half year $76.752 million $51.190 million Earnings per share (basic) $0.485 $0.324 Net tangible asset backing per ordinary share $5.51 $5.23 Interim
Slide 3: Results by segment
31 Dec 15 31 Dec 14 Movement Results $’000 $’000 $’000 Movement Cinema Entertainment – Australia 38,701 26,128 12,573 48.1% For personal use only Cinema Entertainment – New Zealand 4,300 3,030 1,270 41.9% Cinema Entertainment – Germany 26,443 10,574 15,869 150.1% Hotels and Resorts 29,044 23,214 5,8
Slide 4: Business operations update: Cinema Entertainment – Australia
Business operations update Cinema Entertainment – Australia 70 sites (including joint operation sites) For personal use only 654 screens (including 517 traditional, 82 Gold Class, 53 Vmax and 2 Drive In screens) The normalised profit before interest and income tax expense was $38,701,000, an increas
Slide 5: Cinema Entertainment – Australia (continued)
Cinema Entertainment – Australia (continued) The uplift in premium admissions (both Vmax and Gold Class) and increased ratio of 3D content favourably impacted the average ticket price. Merchandising revenue spend per admission experienced positive growth across both Gold Class and Scoop Alley Candy
Slide 6: Business operations update: Cinema Entertainment – New Zealand
Business operations update Cinema Entertainment – New Zealand (including Fiji) 19 sites (including joint operation sites) For personal use only 132 screens (including 4 Gold Class, 1 Vmax and 1 IMAX screens) The normalised profit before interest and income tax expense was $4,300,000, an increase of
Slide 7: Business operations update: Cinema Entertainment – Germany
Business operations update Cinema Entertainment – Germany 53 sites (including two 50% joint venture sites) For personal use only 411 screens (including 2 IMAX screens) The normalised profit before interest and income tax expense was $26,443,000, an increase of $15,869,000 or 150.1% above the prior c
Slide 8: Cinema Entertainment – Germany (continued)
Cinema Entertainment – Germany (continued) The continued promotion and uptake of the loyalty program, CineStarCARD, has resulted in the membership base increasing to over 550,000 members. For personal use only The Group acquired two freehold properties, located at Stade and Düsseldorf, during the ha
Slide 9: Business operations update: Hotels and Resorts
Business operations update Hotels and Resorts (Rydges Hotels and Resorts, QT Hotels and Resorts and Atura Hotels) 24 owned hotels (3,487 rooms) | 32 managed hotels (5,573 rooms) For personal use only Total = 56 hotels (9,060 rooms) The normalised profit before interest and income tax expense was $29
Slide 10: Hotels and Resorts (continued)
Hotels and Resorts (continued) The good result from Rydges Hotels was marginally impacted by the short-term disruption caused by the refurbishment of Rydges Parramatta, which commenced in October 2015. The owned Rydges Hotels delivered a combined occupancy increase of 1.3 points to 81.0%. Whilst mos
Slide 11: Thredbo Alpine Resort
Thredbo Alpine Resort The normalised profit before interest and income tax expense was $18,439,000, an increase of $1,522,000 or 9.0% above the comparable prior half year. For personal use only The result from the 2015 snow season, despite lower than average snowfall, was one of the most successful
Slide 12: Property and available-for-sale assets
Property and available-for-sale assets The normalised profit before interest and income tax expense was $3,008,000, a decrease of $870,000 or 22.4% below the prior comparable half year. The result was impacted by additional pre-opening and depreciation costs on two property developments recently com
Slide 13: Current cinema development pipeline
Current cinema development pipeline Screens Location Opening Type of operation Lease term Total Gold Class Vmax Traditional For personal use only Glenelg SA 2016 50% joint operation 10 years 6 - - 6 Hindley Street, Adelaide SA 2016 100% Not applicable 6 - - 6 North Lakes (Brisbane) QLD 2016 50% join
Slide 14: Current development pipeline (continued): Hotels
Current development pipeline (continued) Hotels For personal use only • QT Melbourne (former cinema site on Russell Street) o 188 room QT hotel o Selling 24 apartments on the top two levels (contracts for 22 apartments have been exchanged to date) o Expected to open mid-2016 Above: Russell Street Me
Slide 15: Recently completed developments
Recently completed developments For personal use only • 478 George Street o Completed October 2015 o $38 million capex (plus fit-out costs of $14 million) o 16 levels (2 retail and 14 commercial levels) o 950m2 retail space to be occupied by Flight Centre o 9 of the commercial levels are occupied by
Slide 16: Recent acquisitions
Recent acquisitions • Museum Art Hotel, Wellington New Zealand o Finalised the acquisition of the 163 room hotel in August For personal use only 2015 – the hotel will be rebranded to QT Wellington o The total purchase price relating to the acquisition was NZ$28.5 million (approximately A$26.7 millio
Slide 17: Recent acquisitions (Germany)
• Stade Family Entertainment Centre, Germany o Finalised the acquisition of the freehold site in August 2015 – the property incorporates a cinema (operated by the For personal use only Group) as well as other leased premises (including a hotel and various entertainment outlets) o The total purchase
Slide 18: Potential future developments
Potential future developments General For personal use only • Perth WA (former cinema site on corner of Barrack and Murray Streets) o QT hotel and apartments • Darwin NT (currently an operating cinema site on Mitchell Street)
Slide 19: Capital Expenditure and Dividend History
Capital Expenditure The annual routine capital expenditure for the AHL Group is expected to total approximately $35 million. For personal use only Routine capital expenditure excludes any capital expenditure relating to significant developments or acquisitions. Dividend History A summary of the divi
Slide 20: Upcoming film line-up
Upcoming film line-up DEADPOOL (FEBRUARY 2016) DISTRIBUTOR: FOX For personal use only SYNOPSIS: A former Special Forces operative turned mercenary is subjected to a rogue experiment that leaves him with accelerated healing powers, adopting the alter ego Deadpool. STARS: Ryan Reynolds, Morena Baccari
Slide 21: Upcoming film line-up (continued)
Upcoming film line-up (continued) THE JUNGLE BOOK (APRIL 2016) DISTRIBUTOR: DISNEY For personal use only SYNOPSIS: An orphan boy is raised in the jungle with the help of a pack of wolves, a bear, and a black panther. STARS: Scarlett Johansson, Idris Elba, Christopher Walken DIRECTOR: Jon Favreau CAP
Slide 22: Upcoming film line-up (continued)
Upcoming film line-up (continued) ALICE IN WONDERLAND: THROUGH THE LOOKING GLASS (MAY 2016) DISTRIBUTOR: DISNEY For personal use only SYNOPSIS: Alice returns to the whimsical world of Wonderland and travels back in time to save the Mad Hatter. STARS: Johnny Depp, Anne Hathaway, Helena Bonham Carter
Slide 23: Upcoming film line-up (continued)
Upcoming film line-up (continued) ICE AGE: COLLISION COURSE (JUNE 2016) DISTRIBUTOR: FOX For personal use only SYNOPSIS: Scrat's epic pursuit of his elusive acorn catapults him outside of Earth, where he accidentally sets off a series of cosmic events that transform and threaten the planet. STARS: M
Slide 24: Upcoming film line-up (continued)
Upcoming film line-up (continued) GHOSTBUSTERS (JULY 2016) DISTRIBUTOR: SONY For personal use only SYNOPSIS: With paranormal activity on the rise, a Columbia University academic, her ghost-chasing friend, the friend's business partner, and an MTA employee join forces to bust ghosts and save New York
Slide 25: Upcoming film line-up (continued)
Upcoming film line-up (continued) DOCTOR STRANGE (OCTOBER 2016) DISTRIBUTOR: DISNEY For personal use only SYNOPSIS: After his career is destroyed, a brilliant but arrogant and conceited surgeon gets a new lease on life when a sorcerer takes him under his wing and trains him to defend the world again
Slide 26: Upcoming film line-up (continued)
Upcoming film line-up (continued) TROLLS (NOVEMBER 2016) DISTRIBUTOR: FOX For personal use only SYNOPSIS: Lovable and friendly, the trolls love to play around. But one day, a mysterious giant shows up to end the party. STARS: Anna Kendrick, James Corden, Justin Timberlake DIRECTOR: Mike Mitchell, Wa
Slide 27: Non – IFRS Financial Information
For personal use only Non – IFRS Financial Information The EVT Group results are prepared under Australian Accounting Standards, and also comply with International Financial Reporting Standards (“IFRS”). This presentation includes certain non-IFRS measures, including the normalised profit concept. T
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