Coast Entertainment Holdings Ltd · ASX:CEH
Coast Entertainment — Shareholder Meeting (November 2024)
16 slides from Coast Entertainment's shareholder meeting presentation, Nov 6, 2024
Slide 1: Coast Entertainment Holdings Limited Annual General Meeting
COAST ENTERTAINMENT HOLDINGS LIMITED ANNUAL GENERAL MEETING 6 November 2024
Slide 2: Dr Gary Weiss AM - Chairman
A’ 47S B= mu ~ — ww > <r re ae a o> DR GARY WEISS AM - CHAIRMAN
Slide 3: Agenda
AGENDA Chairman’s Address Chief Executive Officer Presentation Formal Business of the Meeting Closing 3
Slide 4: Key Messages
Positive consolidated EBITDA excluding Specific Items KEY MESSAGES First positive consolidated EBITDA excluding Specific Items1 for continuing operations since FY16, notwithstanding: Economic headwinds impacting consumer discretionary spending and creating inflationary cost pressures Two sever
Slide 5: Capital Management
CAPITAL MANAGEMENT Deployment of capital Share buyback Capital development pipeline progressing well, with Rivertown precinct and Jungle Rush coaster on schedule for December 2024 opening. $24 FY24 FY25 million of remaining spend for this development being funded in FY25 $18.0 million $4.6 million
Slide 6: Theme Parks & Attractions
FY24 THEME PARKS & ATTRACTIONS 6
Slide 7: FY24 Successes
Year in Review FY24 SUCCESSES SAFETY PROFITABILITY EFFICIENCY EVENTS COMMUNITY 3rd year of perfect 2nd consecutive increase Significant reductions in Record performance for Excellent partnerships aquatic safety audit in annual operating corporate costs and flat existing events and new with local sch
Slide 8: New Attractions
Strategic Initiatives NEW ATTRACTIONS The Wiggles Big Red Plans The Wiggles Big Red Boat Coaster Dreamworld Flyer Seabed Splash 8
Slide 9: FY24 Financial Highlights
FY24 Results Overview Ticket Sales1 Ticket Sales Per Cap1 FY24 FINANCIAL HIGHLIGHTS FY24 total ticket sales1 were highest since FY16, up 40% on FY17, despite challenging trading conditions Ticket sales growth in FY24 driven by increased promotional activity and the launch of new attractions FY17
Slide 10: Steady Performance Amid Tough Trading Conditions
FY24 earnings highest since FY16 STEADY PERFORMANCE AMID TOUGH TRADING CONDITIONS Included $2m revenue funded COVID impacted Storm COVID impacted Storm COVID impacts COVID by government 100.0 10.0 impacts impacted impacted COVID stimulus 90.0 5.0 80.0 70.0 - $'m 60.0 $'m (5.0) $'m $'m 50.0 40.0 (10.
Slide 11: Events & Activations
Strategic priorities EVENTS & ACTIVATIONS 11
Slide 12: Rivertown… A Whole New Dreamworld Experience
Strategic priorities RIVERTOWN… A WHOLE NEW DREAMWORLD EXPERIENCE Construction of ‘Rivertown’ well progressed despite difficult construction environment and weather delays, with opening date anticipated at the end of calendar 2024 (subject to external factors) The new world will offer the most i
Slide 13: King Claw…bigger and faster
Strategic priorities King Claw…bigger and faster ‘The Claw’ is one of Dreamworld’s most popular attractions At 20 years old, it has reached end of life. Options considered included ride closure, major overhaul, like-for-like replacement and upgrade to newer, larger version of the ride Decision
Slide 14: Land Development
LAND DEVELOPMENT 1 Preliminary Development Application lodged with Gold Coast City Council If approved, will allow broader range of land uses than currently offered that are rational for each precinct and strategically complementary to the site as a whole Public consultation phase complete and
Slide 15: A Well-Defined Strategy for Long Term Growth
A WELL-DEFINED STRATEGY FOR LONG TERM GROWTH SAFETY REMAINS TOP HIGHEST EBITDA PRIORITY SINCE FY16 REVENUE PIPELINE WELL ESTABLISHED ONGOING COST DISCIPLINE ECONOMIC OUTLOOK CULTURE OF HIGH High interest rates will continue to impact consumer spending PERFORMANCE Inflationary environment will co
Slide 16: Thank You
THANK YOU 21
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