Jetwing Symphony Plc · CSELK:JETS.N0000

Jetwing Symphony — Q3 FY2018/19 Earnings Presentation

15 slides from Jetwing Symphony's earnings presentation, February 2019

  1. Slide 1: Q3 FY 2018/19 Earnings Update

    Q3 FY 2018/19 Earnings Update February 2019

  2. Slide 2: Jetwing Symphony's operating portfolio for Q3FY19

    Jetwing Symphony’s operating portfolio for Q3FY19 Jetwing Jetwing Surf Jetwing Colombo Jetwing Yala Jetwing Lake Kaduruketha (Pottuvil Point) Seven (Yala) (Dambulla) (Wellawaya) (Colombo) The first agro luxury The first high end The group’s first luxury A luxurious resort A luxurious resort set in e

  3. Slide 3: Our key performance highlights

    Our key performance highlights Group highlights Q3FY19 Revenue LKR 484Mn (+37%) EBIT LKR 82Mn (+3,479%) Jetwing Lake and Yala recorded a LKR c.53mn (+71% QoQ) and LKR c.44mn (+36% QoQ) Significant improvements in ARR and overall increase in hotel revenue, respectively, which occupancy has resulted i

  4. Slide 4: Symphony performance remained robust amidst challenges faced by the industry

    Jetwing Symphony performance remained robust amidst challenges faced by the industry due to political uncertainties Q3 Q3 9M 9M FY 19 IPO LKR Mn QoQ YoY FY18 FY19 FY18 FY19 Forecast** • The Group revenue grew by 37% whilst EBITDA and EBIT recorded Revenue 355 484 37% 1,004 1,303 30% 2,354 growth of

  5. Slide 5: Revenue growth of c.37% translated to EBITDA margin improving from 23% to 34%

    Revenue growth of c.37% coupled with effective control of operational costs translated to EBITDA margin improving from 23% to 34% Revenue (LKR Mn) EBITDA (LKR Mn) 1,400 30% 480 1,200 380 91% Jetwing Surf 1,000 800 Jetwing Lake 280 37% 600 Jetwing Yala 101% 180 400 Jetwing Colombo Seven 200 80 Jetwin

  6. Slide 6: Our Operational Hotel Performance

    OUR OPERATIONAL HOTEL PERFORMANCE

  7. Slide 7: Yala: positive PAT for the quarter driven by increase in ARR and occupancy

    Jetwing Yala: positive PAT for the quarter driven by an increase in the ARR, occupancy and operating efficiencies 40 80% ARR in LKR Thousands 35 70% Q3 Q3 9M 9M LKR Mn QoQ YoY 30 60% FY18 FY19 FY18 FY19 25 50% Revenue 125 169 36% 385 442 15% 20 40% Gross Profit 101 139 38% 311 359 16% 36 37 15 30% 1

  8. Slide 8: Kaduruketha: significant boost to profitability margins

    Jetwing Kaduruketha: significant boost to profitability margins with management continuing to focus on ARR, convinced by the hotel’s niche positioning 25 40% ARR in LKR Thousands Q3 Q3 9M 9M LKR Mn QoQ YoY 20 38% FY18 FY19 FY18 FY19 Revenue 21 28 34% 54 80 48% 15 36% 23 Gross Profit 17 24 42% 44 69

  9. Slide 9: Lake: increase in occupancy and ARR resulted in 4.8 times QoQ EBITDA

    Jetwing Lake: increase in both the occupancy rate and ARR resulted in a 4.8 times increase in QoQ EBITDA 16 70% ARR in LKR Thousands 14 65% Q3 Q3 9M 9M LKR Mn QoQ YoY FY18 FY19 FY18 FY19 12 60% Revenue 10 75 128 71% 206 313 52% 55% 8 14 Gross Profit 59 105 77% 156 254 63% 50% 6 EBITDA 7 43 479% 6 83

  10. Slide 10: Colombo Seven: 12% revenue increase converted to 50% EBITDA growth

    Jetwing Colombo Seven: 12% increase in revenue converted to a 50% EBITDA growth driven by improving ARRs 18 80% ARR in LKR Thousands 16 75% Q3 Q3 9M 9M LKR Mn QoQ YoY 14 70% FY18 FY19 FY18 FY19 12 65% Revenue 131 147 12% 357 385 8% 10 60% 14 Gross Profit 109 126 16% 294 327 11% 8 16 55% 6 12 EBITDA

  11. Slide 11: Surf: increase in QoQ revenue as new addition gains popularity

    Jetwing Surf: increase in the QoQ revenue as the relatively new addition gains popularity amongst holidaymakers visiting Arugam Bay 18 20% ARR in LKR Thousands 16 18% Q3 Q3 9M 9M LKR Mn QoQ YoY 14 16% FY18** FY19 FY18 FY19 14% 12 Revenue 2 10 417% 2 81 3,930% 12% 10 16 10% Gross Profit 1 8 424% 1 67

  12. Slide 12: Symphony hotels have been praised by guests for ambience and service

    Jetwing Symphony hotels have been praised by guests for their ambience, exceptional service and hospitality TripAdvisor rating: TripAdvisor rating: TripAdvisor rating: TripAdvisor rating: TripAdvisor rating: Amazing hotel Hidden gem Perfect Best hotel in Colombo Outstanding Highly recommend for the

  13. Slide 13: Progress Update

    PROGRESS UPDATE

  14. Slide 14: Construction underway for Jetwing Kandy Gallery

    Construction underway for Jetwing Kandy Gallery – Symphony’s latest project to create an immersive experience of the rich Kandyan heritage, for its guests Status update on the Jetwing Kandy Gallery Project • Jetwing’s latest venture aims at creating a link between its guests and the rich heritage of

  15. Slide 15: Q&A

    Q&A

Jetwing Symphony — Q3 FY2018/19 Earnings Presentation on 6ix