Coast Entertainment Holdings Ltd · ASX:CEH
Coast Entertainment — Shareholder Meeting (November 2022)
14 slides from Coast Entertainment's shareholder meeting presentation, Nov 9, 2022
Slide 1: Ardent Leisure Group Limited Annual General Meeting
ARDENT LEISURE GROUP LIMITED ANNUAL GENERAL MEETING 9 November 2022
Slide 2: Dr Gary Weiss AM – Chairman
FY22 DR GARY WEISS AM – CHAIRMAN 1
Slide 3: Agenda
AGENDA Chairman’s Address Presentation by Greg Yong, Theme Parks & Attractions Formal Business of the Meeting Closing 3
Slide 4: FY22 Key Highlights
FY22 KEY HIGHLIGHTS Strong trading performance despite ongoing disruption from COVID FY22 Group operating results significantly outperformed prior year and FY19 pre-COVID levels despite the ongoing pandemic Main Event revenue of US$426.2 million and EBITDA excluding Specific Items of US$106.5 mi
Slide 5: Ardent Moving Forward
ARDENT MOVING FORWARD Solid financial position post sale of Main Event The sale of Main Event completed on 30 June 2022 for US$835 million on a cash-free debt-free basis. Ardent now has a strengthened financial position moving forward: Key points to note: As reported Pro Forma A$m 28 June 2022 Adjus
Slide 6: Theme Parks & Attractions
S ARDENT LEISURE THEME PARKS & ATTRACTIONS
Slide 7: FY22 Financial Highlights
FY22 FINANCIAL Ticket Sales1 Attendance Revenue2 HIGHLIGHTS Results Overview +18% +37% +51% The impact of government grants including JobKeeper does not reflect performance of the business on a YOY basis. Underlying performance excluding these impacts is a more accurate reflection of trading activit
Slide 8: Ongoing Positive Momentum
ONGOING POSITIVE MOMENTUM Significant change in trajectory in 2H22 continuing into FY23 2.0 2H EBITDA Recovery Trends5 1.0 1Q EBITDA Recovery Trends5 $'m $'m- - (1.0) (2.0) (1.0) (3.0) (2.0) (4.0) (3.0) (5.0) (6.0) (4.0) (7.0) (5.0) TRRR (8.0) ACCIDENT (9.0) (6.0) (10.0) (7.0) 2H17 2H18 2H19 2H20 2H
Slide 9: Positive Start to FY23
POSITIVE START TO FY23 Admissions Per Cap Attendance and yield improvement continuing 70.0 +22% 60.0 Ticket Sales value1 up 101% on pcp, highest since 1Q172 50.0 40.0 Attendances up 88% on pcp, despite low international visitation 30.0 20.0 Yield improvement continues: 10.0 - Admissions Per
Slide 10: Strategic Initiatives
S T R AT E G I C SAFETY BUSINESS TRANSFORMATION I N I T I AT I V E S Transformative safety culture Safety consideration always overrides cost pressures Major Amusement Park WORK ON PILLARS FOR Licenses granted in August A right sized cost base and a SUCCESS CONTINUING 2022 cultural aversion
Slide 11: Growing Revenue
GROWING REVENUE Strategic Initiatives New attractions Attraction refurbishment program in place to revitalise iconic product Steel Taipan successfully opened in Dec-21 Robust procurement methodology Cadence gives new ‘news’ in FY23, FY24 and FY25 Project pipeline well advanced with $50-60 million de
Slide 12: FY23 Events & Activations to Date
FY23 EVENTS & ACTIVATIONS TO DATE 25 June – 17 July 2022 17 September – 9 October 2022 Dreamworld transformed into a Spring County Fair returned during the winter wonderland for June September school holidays school holidays Included petting zoo, live music, Included ice skating, ice slide, American
Slide 13: Recovery Momentum Continuing
RECOVERY MOMENTUM SOLID BALANCE SHEET CONTINUING Positive Q1 EBITDA, OWNED LAND best since 1Q17 TICKET SALES GROWTH Best Q1 ticket sales value since 1Q17 ICONIC ASSETS SOLID YIELD GROWTH Q1 total per capita revenue up 39% vs 1Q17 WORLD CLASS TEAM POSITIVE OUTLOOK New attractions announcement prior t
Slide 14: Thank You
Thank You 14
Coast Entertainment Holdings — Shareholder Meeting (November 2022) on 6ix