Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — H1 FY2014 Earnings Presentation
20 slides from Helloworld Travel's earnings presentation, Feb 26, 2014
Slide 1: 2014 Half Year Results
For personal use only 2014 Half Year Results
Slide 2: For personal use only
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Slide 3: 2014 Half Year Review
2014 Half Year Review For personal use only • Total Transaction Value (TTV) of $2.52 billion • Adjusted EBITDAI (1) of $19.0 million • Loss before tax of $3.9 million, includes the loss on disposal of the Inbound business and cost of strategic implementation • Continued focus on cost reduction and e
Slide 4: helloworld implementation update
helloworld implementation update For personal use only • Key milestones achieved include: Ø Launch of new consumer brand, helloworld Ø Over 675 stores signed to the helloworld retail models with a strong pipeline of additional locations Ø Strategic Alliance with Orbitz Worldwide Inc executed and
Slide 5: helloworld implementation update (cont.)
helloworld implementation update (cont.) For personal use only • Franchisee and members engagement progressing well. Store re-branding commenced in October and will continue throughout FY14 • helloworld branded stores and helloworld.com.au commenced operations in Quarter 2 of FY14 followed by a full
Slide 6: helloworld Concept Store
helloworld Concept Store For personal use only 5
Slide 7: Launch of helloworld.com.au
Launch of helloworld.com.au For personal use only 6
Slide 8: helloworld Owners & Managers Conference
helloworld Owners & Managers Conference For personal use only • Over 950 delegates attended the conference held in Melbourne, November 2013 • Theme of the conference was ‘Inspiration, Transformation, Celebration’ 7
Slide 9: Outlook
Outlook For personal use only • FY14 will represent a period of investment in the implementation of the helloworld brand and growing our digital business • FY14 trading results currently tracking in line with previous EBITDAI guidance of $40-$45 million (excluding the costs associated with helloworl
Slide 10: For personal use only
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Slide 11: Half Year Result
Half Year Result For personal use only HY14 HY13 Change $m $m % Total Transaction Value (TTV) 2,524.9 2,495.6 1% Revenue 151.5 171.0 -11% Adjusted EBITDAI (1) 19.0 25.3 -25% (Loss)/profit before tax (3.9) 14.9 -126% (Loss)/profit after tax (4.7) 8.6 -154% Basic earnings/(loss) per share (1.06) cents
Slide 12: Retail Segment
Retail Segment For personal use only HY14 HY13 Change $m $m % Total Transaction Value (TTV) 1,861.8 1,812.5 3% Revenue 86.9 96.9 -10% Operating expenses (58.3) (64.5) -10% Adjusted EBITDAI 28.5 32.4 -12% • Revenue to TTV margin decreased from 5.3% to 4.7% reflecting lower average air selling prices
Slide 13: Wholesale Segment
Wholesale Segment For personal use only HY14 HY13 Change $m $m % Total Transaction Value (TTV) 380.1 377.3 1% Revenue 43.8 51.5 -15% Operating expenses (41.8) (46.0) -9% Adjusted EBITDAI 2.1 5.5 -62% • Wholesale includes trading for the ATS Inbound business until the disposal on 30 September 2013. E
Slide 14: Travel Management Segment
Travel Management Segment For personal use only HY14 HY13 Change $m $m % Total Transaction Value (TTV) 283.0 305.8 -7% Revenue 18.1 19.9 -9% Operating expenses 19.4 21.7 -11% Adjusted EBITDAI (1.4) (1.8) 26% • Travel Management TTV impacted by reduced corporate customer volumes • A focus on pricing
Slide 15: Balance Sheet
Balance Sheet For personal use only Dec-13 Jun-13 $m $m Cash 172.4 234.9 Other current assets 97.8 116.0 Intangible assets 418.8 419.9 Other non-current assets 31.8 34.3 Current Liabilities (256.2) (337.2) Non-current Liabilities (27.5) (26.0) Equity 437.0 441.9 14 15
Slide 16: Liquidity and Funding
Liquidity and Funding For personal use only Dec-13 Jun-13 $m $m Total Facility available 82.5 81.8 Drawn Debt (25.9) (25.3) Multi-option Facilities (including bank guarantees) (10.3) (10.0) Headroom 46.3 46.5 General cash 33.6 34.5 Client cash 138.7 200.4 Total cash 172.4 234.9 • Operating cash outf
Slide 17: Appendices
For personal use only Appendices 16
Slide 18: Reconciliation of Adjusted EBITDAI to (Loss)/Profit Before Tax
Reconciliation of Adjusted EBITDAI to (Loss)/Profit Before Tax For personal use only HY14 HY13 $m $m Adjusted EBITDAI 19.0 25.3 Preliminary loss on disposal of investments (5.4) - Strategic review costs (9.1) (2.3) Share based payments (0.9) (0.4) Legal costs relating to GST matter (0.2) - Legal cos
Slide 19: Business Profile
Business Profile Dec-13 Jun-13 Franchisees, Members and Affiliates: 1,922 1,976 For personal use only Employees: 1,601 2,038 Countries: 8 8 lOxford UK 11 Employees NORTH AMERICA 66 Employees l Los Angeles l Hanoi ASIA Vientaine l 100 Employees Siem Reap l Phnom Penh ll Ho Chi Minh City l Fij
Slide 20: helloworld
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