Evt Limited · ASX:EVT

Evt — EVENT Hospitality & Entertainment — H1 FY2020 Earnings Presentation

22 slides from Evt's earnings presentation, Feb 20, 2020

  1. Slide 1: Results Presentation – Half Year Ended 31 December 2019

    For personal use only RESULTS PRESENTATION 21 FEBRUARY 2020 H A L F Y E A R E N D E D 3 1 D E C E M B E R 2 0 1 9

  2. Slide 2: Half Year Results Webcast and Dial In Details

    EVENT HALF YEAR RESULTS WEBCAST AND DIAL IN DETAILS For personal use only F R I D AY 2 1 F E B R U A RY 2 0 2 0 TO L L F R E E ( A U S T R A L I A O N LY ) : 8:00 AM (AEDT) 1800 870 643 Access a webcast of the briefing at: Australia: +61 2 9007 3187 India: 000 8001 008 443 https://webcast.openbriefi

  3. Slide 3: Overview

    OVERVIEW HALF YEAR ENDED 2018 2019 VAR ADJ Entertainment Group revenue +6.1% and profit +7.4% adjusted for 31 DECEMBER $000 $000 % % impact of regulatory change in gift card validity. Growth across all key For personal use only Entertainment Australia and New Zealand 30,437 29,766 (2.2)% 7.4% metric

  4. Slide 4: Entertainment Aus & NZ

    ENTERTAINMENT AUS & NZ HALF YEAR ENDED 31 DECEMBER 2018 2019 VA R I A N C E A D J U S T E D ^ For personal use only Admissions* (000) 12,029 12,270 2.0% 2.0% CINEMAS SCREENS 94 1 835 1 Revenue ($000) 259,353 272,335 5.0% 6.1% EBITDA ($000) 47,429 46,588 (1.8)% 4.0% Normalised PBIT ($000) 30,437 29,7

  5. Slide 5: Entertainment Australia

    ENTERTAINMENT AUSTRALIA HALF YEAR ENDED 31 DECEMBER 2018 2019 VA R I A N C E A D J U S T E D ^ For personal use only Admissions* (000) 9,470 9,564 1.0% 1.0% CINEMAS SCREENS 74 698 Revenue ($000) 216,919 223,246 2.9% 4.0% 1 3 EBITDA ($000) 40,697 38,358 (5.7)% (0.7)% Normalised PBIT ($000) 26,409 24,

  6. Slide 6: Entertainment New Zealand

    ENTERTAINMENT NEW ZEALAND HALF YEAR ENDED 31 DECEMBER 2018 2019 VA R I A N C E A D J U S T E D ^ For personal use only Admissions* (000) 2,559 2,706 5.7% 5.7% CINEMAS SCREENS 20 137 2 Revenue ($000) 42,434 49,089 15.7% 17.0% EBITDA ($000) 6,732 8,230 22.3% 32.3% Normalised PBIT ($000) 4,028 5,221 29

  7. Slide 7: Entertainment Germany (Discontinued Operation)

    ENTERTAINMENT TO P F I L M T I T L E S I N T H E G E R M A N M A R K E T GERMANY 2018 €M 2019 €M VA R For personal use only Fantastic Beasts 2 34.7 The Lion King 50.9 46.7% ( D I S C O N T I N U E D O P E R AT I O N ) Bohemian Rhapsody 22.1 Frozen 2 46.5 110.4% HALF YEAR ENDED 31 DECEMBER 2018 2019

  8. Slide 8: Cinema Developments

    CINEMA DEVELOPMENTS Existing cinemas Future cinema For personal use only developments Planned upgrades of existing sites CHERMSIDE TOOWOOMBA ROBINA INNALOO NEWMARKET BONDI JUNCTION ⁄ 7 screens GEORGE STREET QUEEN STREET ALBANY ⁄ New Concepts LIVERPOOL MARION MANUKAU ⁄ Q2 2020 | 100% CASTLE HILL CAMP

  9. Slide 9: Hotels and Resorts

    For personal use only HOTELS AND RESORTS

  10. Slide 10: Hotels & Resorts: Strong Result in a More Competitive Market

    HOTELS & RESORTS STRONG RESULT IN A MORE COMPETITIVE MARKET For personal use only Reported revenue down due to partial closure of Rydges HALF YEAR ENDED 31 DECEMBER 2018 2019 VARIANCE ADJUSTED^ Queenstown and sale of QT Port Douglas and Rydges Gladstone. Adjusted revenue flat, and EBITDA up 3.0%. Re

  11. Slide 11: RevPAR by Brand: Rydges

    REVPAR BY BRAND RYDGES For personal use only JUN DEC TOTAL 2019 2019 HALF YEAR ENDED 31 DECEMBER 2018 2019 VARIANCE ADJUSTED^ Hotels 49 50 Occupancy 81.0% 83.6% 2.6% 2.9% Average room rate $156.3 $152.9 (2.2)% (1.4)% Rooms 8,017 8,108 *Includes owned, managed and other hotels with which the Revpar $

  12. Slide 12: RevPAR by Brand: QT

    REVPAR BY BRAND QT For personal use only HALF YEAR ENDED 31 DECEMBER 2018 2019 VARIANCE JUN DEC 2019 2019 Occupancy 79.5% 83.8% 4.3% Hotels 9 9 Average room rate $230.9 $233.6 1.2% Revpar $183.6 $195.7 6.6% Rooms 1,429 1,429 * Includes management letting rights K E Y I N I T I AT I V E S ⁄ Strong pe

  13. Slide 13: RevPAR by Brand: Atura

    REVPAR BY BRAND ATURA For personal use only HALF YEAR ENDED JUN DEC 31 DECEMBER 2018 2019 VARIANCE 2019 2019 Occupancy 73.6% 79.4% 5.8% Hotels 4 4 Average room rate $140.50 $144.00 2.5% Revpar $103.40 $114.30 10.5% Rooms 555 555 K E Y I N I T I AT I V E S ⁄ Conference and events revenue +10% on prio

  14. Slide 14: Owned Hotel Development: Potential for Growth

    OWNED HOTEL DEVELOPMENT POTENTIAL FOR GROWTH For personal use only Existing hotels QT Rydges RYDGES NORTH SYDNEY Atura ⁄ Complete refurbishment / redevelopment 525 GEORGE STREET ⁄ Potential integrated cinema, hotel, residential development RYDGES GEELONG ⁄ Guest room refurbishment EXTENSION OF QT SY

  15. Slide 15: Thredbo

    For personal use only THREDBO

  16. Slide 16: Thredbo: Strong Result Despite Mixed Conditions

    THREDBO STRONG RESULT DESPITE MIXED CONDITIONS For personal use only HALF YEAR ENDED Weaker snow conditions in the July school holiday period, 31 DECEMBER 2018 2019 VARIANCE contributed to lower visitation numbers (-5.2%). Revenue ($000) 63,253 63,349 0.2% EBITDA ($000) 29,277 28,633 (2.2)% Yield on

  17. Slide 17: Property

    For personal use only PROPERTY

  18. Slide 18: Strong Property Portfolio: Fair Value of $2 Billion

    STRONG PROPERTY PORTFOLIO FAIR VALUE OF $2 BILLION For personal use only HALF YEAR ENDED 31 DECEMBER 2018 2019 VA R I A N C E $MILLIONS FA I R VA L U E B O O K VA L U E Revenue ($000) 10,655 10,725 0.7% Operating assets 1,947 1,074 Fair value adjustments ($000) 1,150 1,293 12.4% Investment propertie

  19. Slide 19: New Accounting Standard: Impact of AASB 16 Leases

    NEW ACCOUNTING STANDARD IMPACT OF AASB 16 LEASES For personal use only AASB 16 took effect on 1 July 2019 and operating leases are now recognised on the The statement of financial position impact has been Group’s statement of financial position. summarised below excluding discontinued operations (Ci

  20. Slide 20: Outlook H2

    OUTLOOK H2 ENTERTAINMENT For personal use only • Film line up for H2 up against a strong H2 2019 comparative period (Avengers: Endgame). • Films still unseen, anticipate weaker comparative March and May box office periods. • Overall line up may be in line or below prior year, impact of reduced Chine

  21. Slide 21: Focus Areas Going Forward

    FOCUS AREAS GOING FORWARD For personal use only GROW EXISTING BUSINESS REVENUE MAXIMISE ASSET PERFORMANCE BUSINESS TRANSFORMATION EVENT HOSPITALITY & ENTERTAINMENT 21

  22. Slide 22: Non-IFRS Financial Information

    NON-IFRS FINANCIAL INFORMATION For personal use only 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. T

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