Tourism Holdings Limited · NZX:THL
Tourism — Tourism Holdings Rentals — Shareholder Meeting (October 2023)
30 slides from Tourism's shareholder meeting presentation, Oct 19, 2023
Slide 1: For personal use only
For personal use only
Slide 2: Welcome
For personal use only Welcome Welcome Cathy Quinn ONZM Chair
Slide 3: Proxies and postal votes
For personal use only Proxies and postal votes • Valid proxy and postal votes: 117.5 million • Proxy and postal votes as a percentage of ordinary shares on issue: 54.2% • Proxies received appointing the Chair of the meeting as proxy: 80.8 million 3
Slide 4: Today's agenda
Today’s agenda • Welcome and agenda For personal use only • Chair’s address • Chief Executive’s address • Resolutions • Q&A • Close of meeting 4
Slide 5: Chair's Address
Chair Address For personal use only Chair’s Address Cathy Quinn ONZM Chair
Slide 6: A year of momentous achievements
A year of momentous achievements TRANSFORMATIONAL RELAUNCH OF CONSOLIDATION OF 13 thl US OPERATIONS REDUCED WATER MERGER WITH APOLLO KIWI EXPERIENCE AND APOLLO BRANCHES USE BY 50% OVER For personal use only TOURISM & LEISURE LTD FROM HIBERNATION ACROSS AUSTRALASIA LAST FOUR YEARS ACHIEVED HIGHEST MA
Slide 7: We are in a positive position with a long-term growth outlook
We are in a positive position with a long- term growth outlook • Largest global RV rental fleet operator with #1 or #2 market share in RV rentals in each operating region1 For personal use only • Delivered record underlying result in FY23 - underlying pro forma NPAT of $77.1M, statutory NPAT of $49.
Slide 8: Our medium term ambitions
Our medium term ambitions We have set a goal for thl to achieve For personal use only $100M in NPAT in the 2026 financial year • Current macroeconomic conditions will create some short-term volatility, particularly in the North American market • We do believe that our $100M NPAT goal is achievable t
Slide 9: CEO's Address
For personal use only CEO’s Address Grant Webster CEO & Managing Director
Slide 10: Our financial year in review
Our financial year in review A record NPAT performance STATUTORY NET UNDERLYING PROFIT UNDERLYING PRO PRO FORMA NPAT1,2,3 For personal use only UNDERLYING NPAT 1 AFTER TAX (NPAT) FORMA NPAT1,2 (REMOVING ACQUISITION ACCOUNTING ADJUSTMENTS) $ 49.9M $ 47.8M $ 77.1M $ 81.1M (FY22: -$2.1M) (FY22: -$5.4M)
Slide 11: Developing our new Auckland flagship branch
Developing our new Auckland flagship branch Expected to be ready in December 2024 For personal use only 11
Slide 12: With a full-service RV Super Centre dealership
For personal use only With a full-service RV Super Centre dealership 12
Slide 13: Our view of global tourism and RV
Our view of global tourism and RV • The global RV rental market has gone from strength to strength and seen For personal use only prices, wages and other input costs all increase • Tourism demand has been resilient – customers are accepting the reality of higher prices and remain keen to travel • RV
Slide 14: An update on the 2023 North American high season and vehicle sales market
An update on the 2023 North American high season and vehicle sales market For personal use only • Positive rentals season with strong yields in line with expectations • Vehicle sales margins continue to normalise, sales volumes are up on last year but down on expectations, reflecting the subdued ret
Slide 15: FY24 outlook
FY24 outlook • Our expectations for FY24 are unchanged from the guidance provided as part of annual results For personal use only • We remain of the view that last year’s pro forma underlying NPAT of $77.1M is a good starting point and continue to be positive about thl’s opportunity for growth in FY
Slide 16: Formal business
For personal use only Formal business Cathy Quinn ONZM Chair
Slide 17: Voting
Voting • Eight ordinary resolutions For personal use only • Voting by way of poll • Online attendees - vote using the electronic voting card once online registration is validated • In-person attendees – vote using the voting card provided by Link staff at the registration desk • Refer to the Virtual
Slide 18: Resolutions: Re-election of Cathy Quinn
For personal use only Resolutions Resolution 1 Re-election of Cathy Quinn That Catherine Agnes Quinn, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company 18
Slide 19: Resolutions: Re-election of Gráinne Troute
For personal use only Resolutions Resolution 2 Re-election of Gráinne Troute That Gráinne Patricia Troute, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company 19
Slide 20: Resolutions: Election of Sophie Mitchell
For personal use only Resolutions Resolution 3 Election of Sophie Mitchell That Sophia Adele Mitchell (appointed by the Board on 30 November 2022) be elected as a Director of the Company 20
Slide 21: Resolutions: Election of Robert Baker
For personal use only Resolutions Resolution 4 Election of Robert Baker That Robert Baker (appointed by the Board on 30 November 2022) be elected as a Director of the Company 21
Slide 22: Resolutions: Election of Luke Trouchet
For personal use only Resolutions Resolution 5 Election of Luke Trouchet That Luke Gustave Trouchet (appointed by the Board on 30 November 2022) be elected as an Executive Director of the Company 22
Slide 23: Resolutions: Election of Grant Webster
For personal use only Resolutions Resolution 6 Election of Grant Webster That Grant Gareth Webster (appointed by the Board on 30 November 2022) be elected as an Executive Director of the Company 23
Slide 24: Resolutions: Director Remuneration
For personal use only Resolutions Resolution 7 Director Remuneration That the maximum aggregate amount of remuneration payable to all Directors taken together (in their capacity as Directors) be increased from $750,000 per annum to a maximum of $850,000 (plus GST, if any) per annum with this sum ava
Slide 25: Resolutions: Auditor Remuneration
For personal use only Resolutions Resolution 8 Auditor Remuneration That the Directors are authorised to fix the remuneration of the auditors for the ensuing year. 25
Slide 26: Proxy votes
Proxy votes Resolution 1: Resolution 2: Resolution 3: Resolution 4: Resolution 5: Resolution 6: Resolution 7: Resolution 8: For personal use only Cathy Gráinne Sophie Robert Luke Grant Director Auditor Quinn Troute Mitchell Baker Trouchet Webster Remuneration Remuneration Postal and online votes alr
Slide 27: Q&A
For personal use only Q&A Cathy Quinn ONZM Chair
Slide 28: General business
For personal use only General business Cathy Quinn ONZM
Slide 29: Thank you
For personal use only Thank you
Slide 30: thl FY23 disclaimer
thl FY23 INVESTOR PRESENTATION 30 For personal use only This presentation contains forward-looking statements and This presentation is for information purposes only and does Generally Accepted Accounting Practice in New Zealand projections. These reflect thl’s current expectations, based not constit
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