Flight Centre Travel Group Limited · ASX:FLT
Flight Centre Travel — Bell Potter Emerging Leaders Conference 2022
14 slides from Flight Centre Travel's conference presentation, Sep 6, 2022
Slide 1: FLT: Bell Potter Emerging Leaders Conference Presentation
For personal use only FLT: Bell Potter Emerging Leaders Conference Presentation Graham Turner September 6, 2022 1 FY22 H1 – FCTG Presentation
Slide 2: Our company
Our company FLT aims to be one of the largest & most successful, diversified travel companies globally For personal use only Ready for take-off … • Global network of corporate, leisure & in- destination businesses + separate supply division 2 FY22 H1 – FCTG Presentation
Slide 3: FY22: Result recap – $10.3b total transaction value
FY22: Result recap $10.3b in total transaction value For personal use only 162% year-on-year TTV growth ✓ Accelerated leisure & corporate sales growth driven by higher airfares & demand uplift after governments globally reopened borders ✓ Strong 4Q momentum – TTV for 3 months to June 30 2022 exceede
Slide 4: FY22: Result recap – $183.1m underlying EBITDA loss
FY22: Result recap $183.1m underlying EBITDA loss For personal use only 46% year-on-year reduction in losses ✓ Result better than initially expected & well within upgraded range (loss of $180m-$190m) ✓ Modest 2H profit driven by solid 4Q recovery ✓ Corporate & leisure return to profitability timefra
Slide 5: FY22: Result recap – Other key drivers
FY22: Result recap Other key drivers For personal use only Cost discipline maintained Investing for growth 48% reduction in underlying costs compared Focusing on key long-term drivers – people, to pre-COVID. Structurally lower cost 01 02 technology & products. Organic growth margins expected in futu
Slide 6: Corporate business out-performing
Corporate business out-performing Winning organically & growing market-share For personal use only ✓ Out-pacing industry recovery • 158% TTV growth to $5.6b Growing to Win in Corporate Sector (2H19 v 2H22) • Gross TTV tracking above pre-pandemic levels in June– 6 months ahead of expectations, with t
Slide 7: Leisure recovery gaining momentum
Leisure recovery gaining momentum Capturing TTV through a diverse range of channels & brands For personal use only • TTV up 197% to $4.1b during FY22 Positive Signs Emerging in Leisure • Starting to recover more rapidly – 68% of gross PC TTV in June 2022 • Consultant productivity at record levels •
Slide 8: Global Leisure TTV: Model Shift
Global Leisure TTV: Model Shift For personal use only Online Leisure Growth • Collectively, FLT's leisure online businesses generated circa $750m in gross TTV during FY22 -captured above within FCB & Complementary (BYO, Student Universe, MyHolidays) • In Australia, flightcentre.com.au delivered reco
Slide 9: Supply
Supply Formally established as FLT’s 3rd pillar during FY22 For personal use only Leisure & corporate supply mart Delivering & overseeing product & supply-related services including supplier partnerships, content 01 management & connectivity, pricing & revenue management, fulfilment & supply support
Slide 10: FY23: Upside opportunities
FY23: Upside opportunities Considerable pent-up demand to flow through in market that is recovering but not expected to fully rebound in FY23 For personal use only ✓ Resilience of global travel market Travel Resilience: Historically, downturns in travel • Consistent year-on-year growth delivered PC
Slide 11: FY23: Outlook
FY23: Outlook Too early to provide FY23 guidance, given industry is in early recovery phase & experiencing some ongoing volatility – significant parts of Asia yet to reopen For personal use only Conditions currently set to normalise as year progresses, ahead of stronger industry recovery globally la
Slide 12: Attracting talent
Attracting talent Successfully navigating tight labour markets For personal use only Novice Recruitment Programs Reinitiated at Scale • FLT has a long history of recruiting, training and developing industry newcomers • Novice recruitment programs reactivated in July 2021 to help expand workforce & s
Slide 13: END OF PRESENTATION: Questions?
For personal use only END OF PRESENTATION: Questions? 13 FY22 H1 – FCTG Presentation
Slide 14: Appendix 1: FLT glossary
Appendix 1: FLT glossary ANZ = Australia & New Zealand LDV = Laurier Du Vallon (leisure brand) For personal use only AM = account managers LCC = low-cost carrier AUD = Australian dollars M&A = mergers & acquisitions BAU = business as usual MTD = month-to-date BDM = business development managers NDC
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