Kelsian Group Limited · ASX:KLS
Kelsian — FY2019 Earnings Presentation
23 slides from Kelsian's earnings presentation, Aug 27, 2019
Slide 1: SeaLink Travel Group Investor Presentation – Year Ended 30 June 2019
SeaLink Travel Group Limited Investor Presentation – Year Ended 30 June 2019 Jeff Ellison, Chief Executive Officer & Managing Director Andrew Muir, Chief Financial Officer 27 August 2019 CRUISES | TOURS | TRANSPORT | ACCOMMODATION | PACKAGES SeaLink Ferry Service to the new Optus Stadium, Western Au
Slide 2: Highlights
01 Highlights Kingfisher Bay Resort, Fraser Island
Slide 3: FY19 business highlights
FY19 business highlights A year of consolidation and investment Revenue of $251.3m, up $41.9m or 20.0% Underlying NPAT of $23.4m, up $1.3m or 5.9%, before non cash impairment of UWAI investment and one-off transaction costs and Sydney ferry tender costs (refer slide five) Underlying EBITDA of
Slide 4: Summary profit statement
Summary profit statement 2019 2018 Growth Growth Total revenue rising to $251.3m, driven by Year ending 30 June $m $m $m % impact of Fraser Island acquisition and Bruny Island ferry Revenue 251.3 209.4 41.9 20.0% Operating expenses increased due to Operating expenses (before 203.4 163.0 40.4 24.
Slide 5: One-off costs impacting FY19 result
One-off costs impacting FY19 result $2.0m of one off / abnormal costs normalised from underlying profit Transaction / Tender costs – ($0.4m) Year ending 30 June 2019 $m (EBIT) Residual acquisition costs of Fraser Island 0.4 Abnormal specific external consulting costs for Transaction / Tender cos
Slide 6: Statement of financial position
Statement of financial position Strong Balance Sheet positioned for growth opportunities June June Change Total assets and net assets – $m 2019 $m 2018 $m $m Total assets 301.5 300.6 0.9 Total liabilities 143.6 148.3 (4.7) Net assets 157.9 152.2 5.7 Net Interest Bearing Debt (IBD) 83.9 105.3 (21.4)
Slide 7: Cash flow
Cash flow Underlying business continues to generate strong cashflow Year ending 30 June 2019 $m 2018 $m Change $m Good earnings quality with continuing strong correlation between underlying EBITDA of $47.9m and gross Receipts from customers 251.6 208.3 43.3 operating cash flow of $48.8m Payments t
Slide 8: Captain Cook Cruises – NSW & WA
Captain Cook Cruises – NSW & WA Update on strategic review of performance New South Wales – ‘tourism and harbour dining the future’ Following the tender outcome for Sydney Ferries in March 2019, we have pursued a number of options to optimise value and performance for the NSW business. With a focu
Slide 9: Segment performance
02 Segment performance Magnetic Island ferry, Queensland
Slide 10: Business unit results – Fraser Island
Business unit results Fraser Island 2019 2018* Variance News Fraser Island includes Kingfisher Bay Resort, Year ending 30 June $m $m $m Eurong Beach Resort, Fraser Explorer Tours and Revenue (external) 54.1 11.5 42.6 Fraser Island Ferry operations Direct expenses 36.4 10.4 26.0 Integration of op
Slide 11: Business unit results – SeaLink South Australia & Tasmania
Business unit results SeaLink South Australia & Tasmania 2019 2018 Variance News Record vehicle and freight numbers for Kangaroo Year ending 30 June $m $m $m Island Revenue (external) (Ferry, PS 66.0 64.2 1.8 Day tour passenger growth was flat as customers Murray Princess, coach tours, retail pr
Slide 12: Business unit results – Captain Cook Cruises
Business unit results Captain Cook Cruises, New South Wales & Western Australia 2019 2018 Variance News New 18 month contract for 4 Rocket passenger Year ending 30 June $m $m $m ferries start in Aug 19. Revenue (external) 53.4 55.2 (1.8) New Lane Cove ferry service subsidy from July 19 Direct ex
Slide 13: Business unit results – SeaLink Queensland & NT
Business unit results SeaLink Queensland & NT 2019 2018 Variance News North Stradbroke Island continues to grow Year ending 30 June $m $m $m passenger and vehicle carries and earnings Revenue (external) 77.8 78.4 (0.6) Successful launch of a whale watching cruise in Townsville Direct expenses 39
Slide 14: Outlook and focus
03 Outlook and focus Kangaroo Island buses, South Australia
Slide 15: Outlook & Focus
Outlook & Focus SeaLink positioned for strong profit growth and acquisitions Industry Tourism Industry fundamentals remain strong with international visitor numbers growing at 3% p.a. and domestic tourism growing on the back of the low Australian dollar Transport services continue to provide sta
Slide 16: Outlook & Focus
Outlook & Focus SeaLink positioned for strong profit growth and acquisitions Management An announcement regarding the incoming Chief Executive is imminent and will be made as soon as possible M&A Actively evaluating passenger transport opportunities to create a multi-modal provider of transport
Slide 17: Appendices
04 Appendices Optus Stadium ferry service, Western Australia
Slide 18: SeaLink Operational Snapshot
Appendix 1 SeaLink Operational Snapshot SeaLink has invested in a suite of assets to offer customers a fully integrated, end-to-end transport and / or holiday experience 1 Ferries 2 Vehicles 3 Resorts and land Core competency of Tourism exposure; integration with ferry operations passenger and freig
Slide 19: SeaLink's operating capabilities
Appendix 1 SeaLink’s operating capabilities SeaLink’s core operating capabilities are based on high quality customer service delivery and safety in passenger transport 1 Maintain strong government or public transport ministry relationships 2 Tendering expertise for government and private contracts
Slide 20: SeaLink investment highlights
Appendix 1 SeaLink investment highlights Australia’s #1 marine fleet operator with diversified operations across Australia Essential commuter and freight transport services providing a resilient earnings base Integrated tourism operations provide growth upside and opportunity to capture additional m
Slide 21: SeaLink Operational Snapshot
Appendix 1 SeaLink Operational Snapshot PAGE 21
Slide 22: Five Year Ratios and Statistics
Appendix 2 Five Year Ratios and Statistics Year ending 30 June 2015 2016 2017 2018 2019 Performance Operating revenue $m 111.7 177.3 201.4 209.4 251.3 Underlying EBIT* $m 14.8 35.3 37.5 33.6 31.5 Underlying NPAT* $m 9.6 23.1 23.8 22.1 23.4 Underlying EPS* (basic) cents 12.6 23.6 23.6 21.8 23.1 Divid
Slide 23: Important notice – disclaimer
Important notice – disclaimer This document has been prepared by SeaLink Travel Group Limited (ACN 109 078 257 ) (SeaLink or the Company). No party other than SeaLink has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or underta