On The Beach Group Plc · LSE:OTB
On The Beach — FY2024 Earnings Presentation
22 slides from On The Beach's earnings presentation, Dec 3, 2024
Slide 1: FY24 Results Presentation
FY24 RESULTS PRESENTATION
Slide 2: Agenda
Agenda Key highlights Shaun Morton FY24 financial performance Jon Wormald FY24 strategic progress Shaun Morton Growth strategy Shaun Morton
Slide 3: Key highlights
Key highlights Top line growth Record TTV of £1.2bn, +15% YOY Volume growth Summer 24 passengers +13% vs Summer 23 Margin improvement B2C Adjusted EBITDA % at 31.7%, (FY23 30.0%) Profit growth Adjusted PBT £31.0m +25% YOY. Reported PBT £26.5m +84% YOY despite one-off RYR disruption costs of £3m Stro
Slide 4: FY24 financial performance
FY 24 financial performance Jon Wormald Chief Financial Officer
Slide 5: Adjusted profit before tax up 25% YOY
Adjusted profit before tax up 25% YOY FY24 FY23 1 Change % Bookings '000 590.0 523.6 13% • Booked TTV £'m 1,164.9 1,011.8 15% FY24 FY23 1 Change • £m £m % Revenue 128.2 112.1 14% Exceptional revenue adjustments (4.8) 0.8 • Adjusted Revenue 123.4 112.9 9% Commission (4.8) (3.7) 29% Expected credit lo
Slide 6: B2C adjusted EBITDA margin improvement to 31.7%, +1.7pts YOY
B2C adjusted EBITDA margin improvement to 31.7%, +1.7pts YOY FY24 FY23 Change FY24 FY23 Change % Average booking value £1,951 £1,923 £28 Bookings '000 576.4 511.6 13% Adjusted Revenue per booking £199 £209 (£10) Booked TTV £'m 1,124.2 983.8 14% Total Marketing % 37.1% 38.0% (0.9pts) FY24 FY23 Change
Slide 7: Strong balance sheet
Strong balance sheet FY24 cash year on year 110 • 100 £10.4m £5.3m £1.8m £28.7m £1.5m • 90 £m 80 • £96.2m 70 £75.8m 60 50 • FY23 Cash Capitalised Net Finance Lease Dividends FY24 generated development Income liabilities paid from expenditure operating activities FY24 FY23 Variance £'m £'m £'m Cash 9
Slide 8: Capital allocation
Capital allocation Framework and FY24 update • • • • • • 8
Slide 9: Near term outlook and guidance
Near term outlook and guidance • • • • • 9
Slide 10: FY24 strategic progress
FY 24 strategic progress Shaun Morton Chief Executive Officer
Slide 11: FY24 strategic highlights
FY24 strategic highlights • • • • • 11
Slide 12: Transformational OTB + Ryanair partnership agreement
Transformational OTB + Ryanair partnership agreement + Improved customer experience Simplified operations Enhanced scalability • Transparent, realtime pricing • Simplified technology • Removal of significant opportunity cost • Smoother booking and amends process • Reduced inbounds and operational co
Slide 13: Significant upgrades to our technology
Significant upgrades to our technology • • • • • 13
Slide 14: Perks proposition extended to more customers
Perks proposition extended to more customers • • • • 14
Slide 15: FY24 growth strategy
FY24 growth strategy Shaun Morton Chief Executive Officer
Slide 16: Recap of OTB investment case
Recap of OTB investment case • • • • • • • • • • • • • 16
Slide 17: Our business model and strategy for growth
Our business model and strategy for growth 17
Slide 18: More than doubling our addressable market
More than doubling our addressable market • • • • 18
Slide 19: Medium-term ambition
Medium-term ambition • • • • • • 19
Slide 20: Recap on long-term track record of delivery
Recap on long-term track record of delivery • LTM Group booked TTV £m • • • • COVID Impact • Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 18 18 18 18 19 19 19 19 20 20 20 20 21 21 21 21 22 22 22 22 23 23 23 23 24 24 24 24
Slide 21: Disclaimer
DISCLAIMER This presentation may contain certain forwarcHlooking statements with respect to the financial condition, results, operations and businesses of the Company. Forward looking statements are sometimes, but not always, identified by their use of a date in the future or such words as ‘anticipa
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