Flight Centre Travel Group Limited · ASX:FLT
Flight Centre Travel — Macquarie Conference 2022
13 slides from Flight Centre Travel's conference presentation, May 4, 2022
Slide 1: FLT: Macquarie Conference Presentation
For personal use only FLT: Macquarie Conference Presentation Adam Campbell, CFO May 4, 2022 1
Slide 2: FLT: Recovery well underway
For personal use only FLT: Recovery well underway Travel restrictions removed/significantly eased in most locations as world learns to live with the virus – key catalyst Company back In EBITDA profit in March 2022 • $8m underlying EBITDA for the month – global corporate business profitable & leisure
Slide 3: Global Gross TTV March 2022
For personal use only Global Gross TTV March 2022 Gross TTV for March is at 59% of pre-COVID global sales — Corporate 76% and Leisure 47% Canada Zee Corporate 83% Europe P= Leisure 33% Corporate 93% UK ' Corporate 95% Corporate 62% S— Leisure 45% China ) Corporate 34% Mexico JS SE Asia Corporate 116
Slide 4: Improved cash flow – positive position in March
For personal use only Improved cash flow – positive position in March Net operating cash flow ($M) Dec-21 Mar-22 Hibernation operational costs (89) (97) Capex (2) (2) Hibernation cash costs (91) (99) Variable costs (14) (26) Total cash outflow (105) (125) Cash revenue 62 123 Net operating cash run r
Slide 5: Strong financial position
For personal use only Strong financial position Liquidity a) Working capital assets (excl. cash & investments) As at 31 March 2022 $m As at 31 March 2022 $m Cash and investments 1,306 Retail and corporate debtors 513 Working capital assets (excl. cash and investments) 761 a Trade and other receivabl
Slide 6: Corporate: Strategic update – growing to win
For personal use only Corporate: Strategic update – growing to win FY2020 FY2021 FY2022 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Grow to New global Re-size platform launch FCTG Corporate structure win business FCM platform Japan strategy Rebrand China Melon launch Duty of care and Brand consolidation Corporate Trave
Slide 7: Corporate: Trading update
For personal use only Corporate: Trading update Gaining share, returning to profitability & strong upside potential • Profitable in March on both underlying PBT & underlying EBITDA basis • Strong momentum globally – accelerated growth after December-January downturn (Omicron & seasonality) • Large p
Slide 8: Leisure: Strategic update
For personal use only Leisure: Strategic update Successfully executing key strategies ahead of what could be an unprecedented rebound Shop network complemented Strong & highly accessible by stronger stable of sales Cost base structurally & Flight Centre shop network channels & complementary 1 perman
Slide 9: Leisure: Trading update
For personal use only Leisure: Trading update Momentum building globally ahead of peak 4Q booking period Strong recovery continues across all leisure nations ~40% gross TTV growth in March 2022, following ~75% month-on- month growth in February – customers queuing outside popular shops Productivity
Slide 10: Supply: Strategic update
For personal use only Supply: Strategic update Large & critically important area now consolidated globally under Melanie Waters-Ryan’s leadership • Encompassing product areas, in-destination businesses, supplier relationships & contracting • Integrating & further developing TP Connects platform – de
Slide 11: FY22: Guidance & outlook
For personal use only FY22: Guidance & outlook Momentum Picking Up Globally • Strong recovery from late January/early February as Omicron concerns abated & as travel restrictions eased • April TTV likely to be slightly lower than March 2022 (extended holiday periods) ahead of further May-June recove
Slide 12: END OF PRESENTATION: Questions?
For personal use only END OF PRESENTATION: Questions? 12
Slide 13: FLT glossary
For personal use only FLT glossary ANZ = Australia & New Zealand LDV = Laurier Du Vallon (leisure brand) 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 = new distri
Flight Centre Travel Group — Macquarie Conference 2022 on 6ix