Slide 1: Experience Co FY20 Results Presentation
EXPERIENCECO.COM
Slide 2: Summary Information
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: CEO introduction and COVID safe protocols
BUSINESSIUE DATE John 0’Sullivan CEO We are COVID Safe Watch our COVID safe video below Important: Safety Protocols The world has changed and we are changing with it. We want you all to know we are taking the current health crisis very seriously and will always put your health and safety at the fore
Slide 4: Overview: FY20 impacted by significant external factors
OVERVIEW FY20 IMPACTED BY SIGNIFICANT EXTERNAL FACTORS STRATEGIC UPDATE EXTERNAL FACTORS WEATHER CONDITIONS Stringent management and monitoring of cash BUSHFIRES Continued focus on net debt reduction in light of operating environment COVID-19 JOBKEEPER / WAGE SUBSIDY Maintain market leading position
Slide 5: FY20 Snapshot
FY20 SNAPSHOT TRADING SIGNIFICANTLY IMPACTED BY COVID-19, CONTINUED FOCUS ON CASH MANAGEMENT HEADING INTO FY21 Revenue from continuing operations Underlying EBITDA' Tandem Jumps Cash and cash equivalents $87.4m $7.3m_ 127,703 $12.5m Loss from continuing operations? NTA per share (cents) GBR Experien
Slide 6: Business Simplification and COVID-19
BUSINESS SIMPLIFICATION AND COVID-19 BUSINESS SIMPLIFICATION MOMENTUM PROVIDED PLATFORM FOR RAPID RESPONSE TO COVID-19 Q3 FY20 : COST CONTROL * Achieved over S6 million in annualised savings prior to suspension of operations on 23 March 2020 Q4 FY20 : COVID RESPONSE * Immediate stand down of over 90
Slide 7: Asset Divestments
ASSET DIVESTMENTS $21.9 MILLION CAPITAL RELEASED FROM ASSET DIVESTMENTS NON-CORE COMMENTARY FY20 PROCEEDS ($M) @gbrhelicopters aboveand ies ER & & Surplus fixed assets He a TOTAL TO 30 JUNE 2020 Completed in 2019 Completed 2 January 2020 Completed 28 June 2020 Vessels, aircraft, real estate and moto
Slide 8: Business Improvement
BUSINESS IMPROVEMENT COVID-19 PROVIDED THE OPPORTUNITY TO ACCELERATE BUSINESS IMPROVEMENT INITIATIVES RESULTING IN A LEANER ORGANISATION MARGIN IMPROVEMENT UPGRADING THE PLATFORM + Revenue and yield management improvements: + People & Performance operating systems: Vv New Skydive reservation system
Slide 9: FY20 Results Presentation
EXPERIENCE CO LIMITED | FY20 RESULTS PRESENTATION | 27 AUGUSI.2020
Slide 10: Financial Performance
FINANCIAL PERFORMANCE COVID AND AUSTRALIAN BUSHFIRES SIGNIFICANTLY IMPACTED FY20 PROFITABILITY KEY FINANCIALS - CONTINUING OPERATIONS rm] rns] _ 87.4 REVENUE 130.0 (32.8%) EBITDA 5.2 16.3 (679%) PROFIT / (LOSS) (39.7) 54 N/A UNDERLYING EBITDA 73 244 (70.2%) NTA PER SHARE (CENTS) 11.9 16.7 (29.0%) NE
Slide 11: Skydiving
SKYDIVING VARIABLE COST BASE COMING INTO PLAY AS DROP ZONES RE-OPEN KEY FINANCIAL METRICS Australian bushfires continued to impact the business into the second half, SKYDIVING REVENUE (32.3%) offsetting a strong start in New Zealand to CY20 OTHER 35 3.2 94% * COVID-19 impacted the important Chinese
Slide 12: GBR Experiences
GBR EXPERIENCES DOMESTIC BORDERS LIKELY TO BE A CONSTRAINT IN THE NEAR TERM KEY FINANCIAL METRICS a ao TROPICAL NORTH QUEENSLAND * Pre COVID-19 saw challenging trading conditions persist in the first half, prior REVENUE 8.8 5.5 (36.8%) to a domestic driven improvement on prior year for the December
Slide 13: Balance Sheet
BALANCE SHEET NET DEBT REDUCTION OF $20.5 MILLION DRIVEN BY ASSET DIVESTMENTS CAPITAL METRICS CASH & CASH EQUIVALENTS 159.6% TOTAL TANGIBLE ASSETS 89.1 1425 (375%) NET DEBT 3.0 29.4 (69.3%) GEARING? 10.1% 20.6% (10.4 ppts) NET DEBT TO UNDERLYING EBITDA 12 11 O1x NET TANGIBLE ASSETS HELD FOR SALE 73
Slide 14: Net Debt Reduction and Cash Flow
NET DEBT REDUCTION AND CASH FLOW FY20 SAW A SIGNIFICANT REDUCTION IN NET DEBT $29.4M DEBT MATURITY PROFILE- 26 AUGUST 2020 NET DEBT REDUCTION js mition | vat | Fy22 | Fv23 | Fv2a |rorat| + Net debt reduction well underway heading into Underlying COVID-19 and we exit FY20 in a better place to EBITDA
Slide 15: inf
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Slide 16: Trading Update
TRADING UPDATE ENCOURAGING SIGNS FROM EARLY TRADING DESPITE DOMESTIC BORDERS RESTRICTIONS KEY VOLUMES POST COVID TRADING * June, July and August are low seasonal months for both Skydiving and GBR Experiences Ff tutzo | se pcp | sun20 | xen | + June was a transition month, with Australian based exper
Slide 17: Outlook
OUTLOOK IN A FAST CHANGING ENVIRONMENT THE GROUP IS FOCUSSED ON POSITIONING THE BUSINESS FOR RECOVERY FY20 OUTCOMES * Strategic review of portfolio and operational management * Asset divestment program delivered ~$22 million to de-risk the balance sheet * Early response to COVID-19, stringent cash m
Slide 18: Thank You