Evt Limited · ASX:EVT
Evt — EVENT Hospitality & Entertainment — H1 FY2022 Earnings Presentation
22 slides from Evt's earnings presentation, Feb 21, 2022
Slide 1: Results presentation, half year ended 31 December 2021
For personal use only Results presentation 21 February 2022 Half year ended 31 December 2021
Slide 2: Webcast and dial-in details
For personal use only 2:00pm (AEDT) Monday 21 February 2022 Webcast Access a webcast of the briefing at https://webcast.openbriefing.com/8364/ Dial-in Pre-register at https://s1.c-conf.com/diamondpass/10018944-sw4sdff.html After pre-registering you will receive details for the telephone number to ca
Slide 3: H1 Overview
H1 Overview For personal use only EBITDA $64.1m +$95.1m turnaround 1 Normalised EBITDA turnaround from a 2020 loss of $31.1 million to a profit of $64.1 million 2 Divestments on-track: $194.4 million to date EVENT HOSPITALITY & ENTERTAINMENT Non-core assets including Canberra Entertainment results p
Slide 4: H1 Group Overview
H1 Group Overview H1 2020 $000 H1 2021 $000 VARIANCE $000 Entertainment Materially tougher government mandated Australia (18,943) (1,603) +17,340 For personal use only restrictions than prior comparable period. New Zealand (4,348) (1,031) +3,317 Germany (42,068) 65,199 +107,267 Hospitality Group rev
Slide 5: Property H1 2022 Update
For personal use only Property H1 2022 Update 5
Slide 6: Property
Property For personal use only $2 billion EVT property portfolio 1 Divestment strategy on track Total gross proceeds of $194.4 million, exceeded most recent valuations by 35.1%, 2 Major developments 525 George Street progressing well, stage 2 DA submission June 2022. Sales agent in the process of be
Slide 7: Hotels H1 2022 Update
For personal use only Hotels H1 2022 Update 7
Slide 8: Hotels
Hotels For personal use only First 4 months amongst the toughest trading conditions of the pandemic, strong rebound Half year ended towards end of half before Omicron wave. 31 December 2020 2021 VAR ($000) Revenue ($000) 86,630 80,407 -6,223 EVENT HOSPITALITY & ENTERTAINMENT 31% of available rooms l
Slide 9: Strong rate recovery across all brands
Strong rate recovery across all brands For personal use only Occupancy across all brands impacted by lockdowns in NSW and VIC in first 4 months of Rydges 2020 2021 VAR (%) the half year. Occupancy 39.6% 33.7% -5.9% EVENT HOSPITALITY & ENTERTAINMENT Average room rate ($) $126 $138 +9.5% All brands co
Slide 10: Demand returns after lifting of restrictions
Demand returns after lifting of 90% restrictions 80% For personal use only 70% 60% 50% EVENT HOSPITALITY & ENTERTAINMENT Occupancy severely impacted early in the half as a result of the lockdowns in key markets 40% including NSW, VIC and parts of NZ. 30% 20% NSW and VIC State borders opened on 5 Nov
Slide 11: Strong rate recovery when restrictions ease
Strong rate recovery when $220 restrictions ease For personal use only $200 $180 EVENT HOSPITALITY & ENTERTAINMENT New rate strategy delivered strong growth, $160 particularly across the QT brand. $140 Overall, December rate increased 7.3% on the $120 pre-COVID December 2018 month. . $100 January 20
Slide 12: Thredbo H1 2022 Update
For personal use only Thredbo H1 2022 Update 12
Slide 13: Thredbo
Thredbo For personal use only Winter season materially impacted by COVID- Half year ended 19 restrictions, including 5 peak weeks of 31 December 2020 2021 VAR ($000) closure. Revenue ($000) 50,945 33,960 -16,985 Adjusted Revenue1 ($000) 49,773 26,461 -23,312 Record revenue prior to lockdowns, custom
Slide 14: Entertainment H1 2022 Update
For personal use only Entertainment H1 2022 Update 14
Slide 15: Entertainment Australia
Entertainment Australia For personal use only H1 suffered greater lockdowns, but global Half year ended release of blockbusters significantly improved 31 December 2020 2021 VAR the result, despite no JobKeeper ($26.3m revenue) and ~$1m additional COVID costs. Admissions1 (000) 2,347 4,098 +74.6% EVE
Slide 16: Entertainment New Zealand
Entertainment New Zealand For personal use only Prior year less COVID restrictions, but global Half year ended delay in blockbuster releases resulted in 31 December 2020 2021 VAR limited films. This half year, significant COVID closures but global release of blockbusters, Admissions1 (000) 806 945 +
Slide 17: Entertainment Germany
Entertainment Germany For personal use only Strong improvement in underlying trading, adjusted revenue +$83m, with less closures in H1 during first 5 months, before Omicron wave. Half year ended German Government Bridging Aid related to 31 December prior year trading losses, $56.2m. 2G trading EVENT
Slide 18: Future of Cinema
Future of Cinema For personal use only 1. Range of experiences, maximising auditorium returns Insert heat map EVENT HOSPITALITY & ENTERTAINMENT Seat options and price points in all auditoriums. More premium experiences: picture here Vmax, Gold Class, 4DX, IMAX, Boutique, Event Junior, Games areas. 2
Slide 19: Solid film line-up 2022
Solid film line-up 2022 For personal use only JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER EVENT HOSPITALITY & ENTERTAINMENT 19
Slide 20: Outlook for H2
Outlook for H2 For personal use only Entertainment Hotels Based on the current film line-up and Hotels expected to be in line with H2 prior Group’s underlying EBITDA in H2 EVENT HOSPITALITY & ENTERTAINMENT release dates, expect H2 box office to year, with the benefit of the return of exceed H2 prior
Slide 21: Strategic priorities
Strategic priorities For personal use only EVENT HOSPITALITY & ENTERTAINMENT Grow revenue above market Maximise assets Business transformation Agile COVID-safe operations Divestment strategy Insight led customer experience enhancement Enhanced brands and pricing models Targeted investment in core as
Slide 22: Thank you
The EVENT 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. These measures For personal use only are used internal
EVENT Hospitality & Entertainment — H1 FY2022 Earnings Presentation on 6ix