Webjet Group Ltd (WJLTF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you Darcy and good morning everybody and thank you for your time. Joining me this morning is Leighton Shanoff, our Group CFO and today we're very pleased to take you through the first half results for Webjet Group. We'll turn to the first page please. I'm looking at page number three in the bottom right hand corner. So last week we updated the market on our preliminary first half results, which are now confirmed as provided last week. So given the market has the key figures already, I just wanted to start first with the key messages, as I always like to do, what we think you should take away from this morning. I think that is that despite a pretty tough domestic market, we've shown resilience and stayed disciplined in executing on our strategic priorities. This half result definitely reflects softer trading conditions that we've experienced in the half and also some unique conditions faced by Woodjet given the ACCC impact I spoke about in detail last week. So for those of you that did miss that, last week our EBITDA delivered is a 9% decrease on a prior comparative period to $14.4 million. But importantly, statutory impact is up 51%, and that's a very strong signal of the underlying health of the business. I think throughout the half, we've really continued to invest for growth and done so responsibly and delivering on what we said we would. A great example of that is the cost out and the automation we've delivered in our cars and motorhome business. The balance between investing and obviously managing costs is critical in this environment. You can also see that balance sheet remains a real strength with a net cash of $111.9 million, still no borrowing and net assets of $150.2 million. So that gives us the flexibility and the confidence to keep moving forward. ...