Slide 1: 1H22 Results Presentation
1H22 RESULTS PRESENTATION
Slide 2: Disclaimer
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 be complete or compris
Slide 3: Agenda
AGENDA Business Update 4 Financial Results 9 Trading Update & Outlook 15 EXPERIENCE CO LIMITED | 1H22 RESULTS PRESENTATION | 23 FEBRUARY 2022 3
Slide 4: Business Update
BUSINESS UPDATE
Slide 5: 1H22 Overview
1H22 OVERVIEW Trading highly disrupted by Delta and Omicron strains of COVID-19. Execution of growth strategy underway. 1H22 highly disrupted Strong balance sheet Most challenging trading conditions of the Successful capital raise and continued pandemic, with key markets closed for majority financia
Slide 6: Financial Highlights 1H22
FINANCIAL HIGHLIGHTS 1H22 Sales Revenue $19.2m $(3.1m) Underlying EBITDA loss Cash & cash equivalents $27.5m Highly disrupted trading Completed the half with an improved portfolio and Net loss after tax NTA per share Net cash balance sheet $4.1m 9.7c $12.5m EXPERIENCE CO LIMITED | 1H22 RESULTS PRESE
Slide 7: International Recovery
INTERNATIONAL RECOVERY Encouraging Intent by Governments Australian Government announced on 7 February 2022, international border to open to double vaccinated visitors from 21 February 2022 Single largest development for the Australian tourism industry since the commencement of the pandemic Th
Slide 8: Leveraging the Recovery
LEVERAGING THE RECOVERY New product and marketing activity ramping up across the portfolio as demand returns Reef Magic Pontoon Treetops Adventure Skydive Marketing Wild Bush Luxury New Reef Magic pontoon to be Acquisition completed Campaign ‘What’s Holding You Maria Island Walk completed commission
Slide 9: Financial Results
FINANCIAL RESULTS
Slide 10: Financial Performance
FINANCIAL PERFORMANCE 1H22 impacted by the most adverse trading conditions of the pandemic KEY TAKEOUTS • Revenue and EBITDA impacted by lower volumes due to restricted $ million 1H22 1H21 Change% operating capacity from lockdowns and border restrictions REVENUE 19.2 20.1 (4.6%) • 1H22 acquisitions
Slide 11: Skydiving
SKYDIVING Major metro lockdowns adversely impacted operations in the half SKYDIVING KEY TAKEOUTS $ million 1H22 1H21 Change% • Major metropolitan markets of Sydney, Melbourne and Auckland were in lockdown for the majority of 1H22 due to Delta strain SKYDIVING REVENUE 7.5 12.8 (41.2%) • Encouraging r
Slide 12: Adventure Experiences
ADVENTURE EXPERIENCES Impacted by state border closures and travel restrictions until late December ADVENTURE EXPERIENCES1 GBR EXPERIENCES KEY TAKEOUTS $ million 1H22 1H21 Change% • Momentum from Q4 21 stalled, as Qld border restrictions closed off key Sydney and Melbourne markets for the majority o
Slide 13: Recent Acquisitions
RECENT ACQUISITIONS Performing in line with expectations taking into account pandemic uncertainty PREMIUM ADVENTURE • Demand remained strong despite border restrictions impacting trading results from Completion Date • Maria Island performing well with bookings at pre pandemic levels for the remainde
Slide 14: Balance Sheet
BALANCE SHEET Strong balance sheet has business well placed to grow $ million Dec21 Jun21 Change% BALANCE SHEET • Capital raise completed in October 2021 CASH & CASH EQUIVALENTS 27.5 13.3 106.5% • Cash holdings increased to $27.5 million (30 June 2021: $13.3 million) TANGIBLE ASSETS 118.4 86.8 36.4%
Slide 15: Trading Update & Outlook
TRADING UPDATE & OUTLOOK
Slide 16: Trading Update and Outlook
TRADING UPDATE AND OUTLOOK Trading Update Outlook Summer trading period adversely impacted by Omicron. Group well positioned across all operating geographies as Reopening momentum slowed and a more cautious consumer market conditions improve into 2H22 sentiment emerged International recovery t
Slide 17: About Us
ABOUT US Experience Co Limited (EXP) aims to be Australia and New Zealand’s most recognised and respected adventure tourism and leisure business. We are all about helping you escape the ordinary, with safety and adventure at the core of what we do. Founded in 1999 as a tandem skydiving operation in