Arena Hospitality Group D.d. · ZSE:ARNT
Arena Hospitality Group D.d — FY2022 Earnings Presentation
26 slides from Arena Hospitality Group D.d's earnings presentation, Mar 2, 2023
Slide 1: Annual Report 2022
Annual Report 2022 2nd MAR 2023
Slide 2: Presented by
Annual Report 2022 Presented by DEVANSH BAKSHI, FCMA, MBA Member of Management Board & Chief Financial Officer
Slide 3: Table of contents
Annual Report 2022 Table of contents • HIGHLIGHTS • OPERATING REVIEW • Group & Regional Operations • Consolidated Financial Position • Outlook 2023 • LIQUIDITY & DEBT STRUCTURE • Net Debt and Cash • Debt Profile • STRENGTHENING LONG TERM GROWTH • Investment Activities • SUSTAINABILITY REPORT • Overv
Slide 4: Highlights
Annual Report 2022 Highlights FINANCIAL KPI’S OPERATING KPI’S REVENUE (HRK MILLION) OCCUPANCY 60% PBT (HRK MILLION) REVPAR HRK EBITDA (HRK MILLION) AVERAGE DAILY RATE HRK 71%
Slide 5: Operating Review
Annual Report 2022 Operating Review
Slide 6: 2022 Operating Review - Group
Annual Report 2022 2022 Operating Review - Group HRK m KEY COMMENTS 900 825 • As European markets eased COVID-19 restrictions, we saw pent-up 800 700 demand for travel, particularly from holidaymakers. This resulted in an 600 exceptional strong performance from our Croatian operations during the 500
Slide 7: 2022 Operating Review - Croatia
Annual Report 2022 2022 Operating Review- Croatia HRK m KEY COMMENTS 700 613 600 500 • Our 2022 performance reflected an exceptional summer season, 392 +147% delivering outstanding EBITDA despite inflationary pressures and 400 56% a higher proportion of international seasonal employees who 300 requi
Slide 8: 2022 Operating Review - Germany
Annual Report 2022 2022 Operating Review - Germany HRK m KEY COMMENTS 180 157 160 140 • This slow start to the year was the result of extended COVID-19 170% restrictions which were finally relaxed in March 2022. Once lifted, bookings 120 began to build from the domestic leisure market, although the
Slide 9: 2022 Operating Review - CEE Region
Annual Report 2022 2022 Operating Review - CEE Region HRK m KEY COMMENTS 60 48 • Our CEE operating region, which consists of Hungary, Serbia, and Austria, 50 reported a substantial increase in business activities during the year. 40 -31.5% 682% 30 • The integration of the Arena Franz Ferdinand Hotel
Slide 10: 2023 Outlook
Annual Report 2022 2023 Outlook KEY TOPICS • We believe that the results of 2022 set a new base line for our future performance and growth. This is supported by our investment plan and unrelenting focus on improving our customers’ experience which is building strong brand loyalty. • Whilst the geopo
Slide 11: Consolidated Income Statement
Annual Report 2022 Consolidated Income Statement HRK '000 € '000 KEY COMMENTS 2022 2021 Change 2022 2021 Change Revenues 825.278 460.699 364.579 109.533 61.231 48.302 • Total revenue increased by HRK 364.6 million driven by Operating expenses -573.037 -281.127 -291.910 -76.055 -37.364 -38.691 except
Slide 12: Consolidated Balance Sheet - Assets
Annual Report 2022 Consolidated Balance Sheet - Assets HRK '000 € '000 2022 2021 Change 2022 2021 Change KEY COMMENTS ASSETS Non-current assets • Non-current assets increased by HRK 104.3 million to HRK 3,000.6 Intangible fixed assets 4.130 2.167 1.963 548 288 260 million (2021: HRK 2,896.3 million)
Slide 13: Consolidated Balance Sheet - Equity & Liabilities
Annual Report 2022 Consolidated Balance Sheet - Equity & Liabilities HRK '000 € '000 2022 2021 Change 2022 2021 Change KEY COMMENTS EQUITY AND LIABILITIES Equity: • Non-current liabilities increased by HRK 143.6 million to HRK 1,627.8 Issued capital 102.574 102.574 0 13.614 13.645 -31 million (2021:
Slide 14: Consolidated Cash Flow Statement
Annual Report 2022 Consolidated Cash Flow Statement 219/ 2018 KEY COMMENTS • Net cash provided from operating activities increased by HRK 93.6 million as a result of the strong summer recovery in Croatia contributing to Groups overall performance. • The Group increased investments during the year co
Slide 15: Liquidity and Debt Structure
Annual Report 2022 Liquidity and Debt Structure
Slide 16: Net debt as at 31 Dec 2022
Annual Report 2022 Net debt as at 31 Dec 2022 KEY COMMENTS Debt Composition • Net debt did not show significant change on year-on-year basis. HRK M FY 2022 FY 2021 Change • The Group had a cash position of HRK 530.7 million, with the increase of HRK 189.8 million mostly due to new loans. • During 20
Slide 17: Group Debt Profile at 31 Dec 2022
Annual Report 2022 Group Debt Profile at 31 Dec 2022 DEBT STRUCTURE GROUP DEBT MATURITY % Fixed Rate Debt HRK M 94% 800 700 734 734 600 Weighted Cost of Debt 500 2.1% 400 281 281 300 Term of Debt 200 156 161 144 106 95 110 100 6.6 0 2023 2024 2025 2026 2027 years Debt Service Debt Service (Excl.HBOR
Slide 18: Strengthening Long Term Growth
Annual Report 2022 Strengthening Long Term Growth
Slide 19: Investments
Annual Report 2022 Investments TOTAL 93M € HOTEL GRAND BRIONI PULA HOTEL ZAGREB CONVERSION RIVIERA CONVERSION 35M € 18M € 15M € 100% completed 60% completed 5% completed ARENA STOJA CAMPSITE ARENA FRANZ FERDINAND BUDAPEST REFURBISHMENT REFURBISHMENT REFURBISHMENT 7M € 7M € 3.5M € 50% completed 50% c
Slide 20: Sustainability Report 2022
Annual Report 2022 Sustainability Report 2022
Slide 21: Overview
Annual Report 2022 Overview TBA METHODOLOGY We applied Global Reporting Initiative (GRI) & EU Taxonomy Incorporates recommendations and reporting requirement of Croatian regulatory body HANFA We worked with external partners to achieve limited assurance and independent data handling. Across all emis
Slide 22: Overview - Material Topics
Annual Report 2022 Overview TBA MATERIAL TOPICS GOVERNANCE Corporate Governance Corruption SOCIAL Health and Safety Diversity and Equal Opportunity Collective Bargaining Human Rights Training and Skills Community and Social impact ENVIRONMENTAL Greenhouse Gas Emissions Water, Waste and Energy Biodiv
Slide 23: Select Social GRI's
Annual Report 2022 Select Social GRI’s
Slide 24: Select Environment GRI's
Annual Report 2022 Select Environment GRI’s
Slide 25: Thank you!
ARENA HOSPITALITY GROUP [A MEMBER OF PPHE HOTEL GROUP
Slide 26: Disclaimer
DISCLAIMER Arena Hospitality Group d.d. (Arena) Euro figures are based on fixed conversion rate of HRK 7.5345 to 1 Euro This presentation is solely for information purposes, and is not to be construed as professional, financial, investment or other advice. It does not constitute any offer or solicit
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