Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q4 FY2018 Earnings Presentation
27 slides from Wonderla Holidays's earnings presentation, May 2018
Slide 1: Q4 & FY18 Result Update
Q4 & FY18 RESULT UPDATE May 2018
Slide 2: Agenda
• Q4 & FY18 RESULT HIGHLIGHTS • Q4 & FY18 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q4 & FY18 Result Highlights
Q4 & FY18 RESULT HIGHLIGHTS Q4 FY18 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 27.8% 5.7% 6.7% 593.8 14.4% 549.2 152.9 134.7 37 % 98.4 85.4 7.5 % 79.2 % 33.7 36.8 9.1 % Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 EBITDA EBITDA Margin % PAT Cash PAT PAT Margi
Slide 4: Q4 FY18 Result Highlights
Q4 FY18 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q4 FY18 revenues declined by 7.5% YoY from Rs 593.8 mn to Rs 549.2 mn driven by 12.1% YoY decline in footfalls, partially offset by 3.8% growth in avg. revenue per visitor. On a like to like basis, the growth in revenue was at 2% considering the provision
Slide 5: Q4 & FY18 Revenue Analysis
Q4 & FY18 REVENUE ANALYSIS In Rs Mn SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 593.8 549.2 2,628.2 2,704.9 593.8 549.2 2,628.2 2,704.9 4.2% 4.3% 4.4% 4.1% 21.2% 25.3% 18.5% 22.0% 20.7% 24.7% 27.6% 23.5% 29.8% 28.0% 31.2% 29.8% 78.8% 74.7% 81.5% 78.0% 41.3% 40.1% 43.7% 42.6% Q4 FY17 Q4 FY18 FY17 FY18 Q4
Slide 6: Q4 & FY18 Revenue Analysis
Q4 & FY18 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 1,062 764 802 936 972 971 711 715 3.8 % 9.4 % 0.5 % 4.9 % Q4 FY17 Q4 FY18 FY 17 FY 18 Q4 FY17 Q4 FY18 FY 17 FY 18 AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs) BREAK-UP OF NON-
Slide 7: Bangalore Park
BANGALORE PARK
Slide 8: Portfolio Update – Amusement Park, Bangalore
PORTFOLIO UPDATE – AMUSEMENT PARK, BANGALORE • Launched in 2005 by the name ‘Wonderla’ • Wonderla Bangalore is located off the Bangalore-Mysore highway, 28 km from Central Bangalore • Situated on 81.75 acres of land with 62 land and water based attractions and other allied facilities • 5 restaurants
Slide 9: Bangalore Park – Revenue & Footfall Analysis
BANGALORE PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 907 936 826 835 291 283 253 227 1.1 % 3.2 % 15.1 % 24.6 % Q4 FY17 Q4 FY18 FY17 FY18 Q4 FY17 Q4 FY18 FY17 FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – RE
Slide 10: Portfolio Update – Wonderla Resort, Bangalore
PORTFOLIO UPDATE – WONDERLA RESORT, BANGALORE • Three Star leisure resort attached to the amusement park; launched in March 2012 • The resort has 84 luxury rooms • The resort also has 4 banquet halls / conference rooms, totalling 8,900 sq. ft. with a capacity to hold 800 guests and a well-equipped b
Slide 11: Kochi Park
KOCHI PARK
Slide 12: Portfolio Update – Amusement Park, Kochi
PORTFOLIO UPDATE – AMUSEMENT PARK, KOCHI • Launched in 2000 by the name ‘Veegaland’ and operating under the name ‘Wonderla’ since April 2008 • Situated on 93.17 acres of land, and currently occupying 28.75 acres for 56 land and water based attractions and other allied facilities • 6 restaurants offe
Slide 13: Kochi Park – Revenue & Footfall Analysis
KOCHI PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 680 704 623 630 224 229 206 169 1.1 % 3.5 % 8.7 % 35.4 % Q4 FY17 Q4 FY18 FY17 FY18 Q4 FY17 Q4 FY18 FY17 FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONW
Slide 14: Hyderabad Park
aves 7 — aed HYDERABAD PARK
Slide 15: Portfolio Update – Amusement Park, Hyderabad
PORTFOLIO UPDATE – AMUSEMENT PARK, HYDERABAD • Launched in April 2016 by the name ‘Wonderla’. • Situated on 49.5 acres of land, and currently occupying 27.0 acres for 44 land and water based attractions and other allied facilities. • 4 restaurants offering various cuisines, all of which are operated
Slide 16: Hyderabad Park – Revenue & Footfall Analysis
HYDERABAD PARK – REVENUE & FOOTFALL ANALYSIS AVG. TICKET REVENUE PER VISITOR (In Rs) AVG. NON-TICKET REVENUE PER VISITOR (In Rs) 733 667 661 659 278 246 263 262 0.9 % 11.4 % 7.1 % 5.9 % Q4 FY17 Q4 FY18 FY17 FY18 Q4 FY17 Q4 FY18 FY17 FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REG
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q4 2018 Q4 2017 YoY % FY 2018 FY 2017 YoY % Sale of Services 410.0 468.0 -12.4% 2,109.6 2,142.5 -1.5% Sale of products 139.2 125.8 10.6% 595.4 485.7 22.6% Total Revenue from Operations 549.2 593.8 -7.5% 2,704.9 2,628.2 2.9% Direct Operating Expenses 31.
Slide 18: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET Particulars (Rs Mn) FY18 FY17 Particulars (Rs Mn) FY18 FY17 Equity & Liabilities Assets Share capital 565.0 565.0 Non-current assets Other 7,161.2 6,841.5 PPE 8,281.4 7,075.5 Total 7,726.2 7,406.5 Capital Work-in-progress 154.9 585.4 Intangible Assets 55.4 6.0 Non-current
Slide 19: Company Overview – About Us
COMPANY OVERVIEW – ABOUT US • One of the largest amusement park operators in India with over 16 years of successful operations. Management has operational experience in the amusement park industry for over a decade. • The promoters launched the first amusement park in 2000 in Kochi under the name Ve
Slide 20: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 25 May 18 440 Market capitalization (Rs Mn) 20,348.7 420 400 Price (Rs.) 357.7 380 360 No. of shares outstanding (Mn) 56.5 340 Face Value (Rs.) 10 320 300 52 week High-Low (Rs.) 424.4-330.0 May/17 Jul/17 Sep/17 Nov/1
Slide 21: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 18 yrs in the industry • 13+ yrs in the industry ARUN KOCHOUSEPH KOCHOUSEPH CHITTILAPPILLY • Founded V-Guard Industries Ltd., a publicly • Holds a masters degree in industrial CHITTILAPPILLY PROMOTER AND listed company since 2008 and is curre
Slide 22: Company Overview – Understanding the Wonderla Advantage
COMPANY OVERVIEW – UNDERSTANDING THE WONDERLA ADVANTAGE KEY CONCERNS ON SCALABILITY WONDERLA ADVANTAGE • In-House Design Capability for the Amusement Park HIGHLY CAPITAL • In-House Ride Manufacturing Facility in Kochi INTENSIVE BUSINESS • Manufactured / constructed 42 rides / attractions in-house •
Slide 23: Company Overview – Sustainable Competitive Advantages
COMPANY OVERVIEW – SUSTAINABLE COMPETITIVE ADVANTAGES OVER A DECADE OF OPERATIONAL PROXIMITY TO CITY WITH AMPLE LAND EXPERIENCE AND BRAND EQUITY AVAILABLE FOR FUTURE DEVELOPMENT • 18+ yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acre
Slide 24: Company Overview – Future Growth Strategy
COMPANY OVERVIEW – FUTURE GROWTH STRATEGY SCALABILITY – EXPANSION THROUGH SETTING • Currently in process of acquiring land in Chennai as well as identifying potential NEW AMUSEMENT PARKS opportunities for setting up new parks in other key geographies FOCUS ON IMPROVISING EXISTING PARKS TO • Evaluate
Slide 25: Company Overview – Global Ranking and Recognition
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION Wonderla parks in Bangalore, Kochi and Hyderabad were ranked at #1, #4 and #8 in India by Tripadvisor in 2017 Wonderla Bangalore ranked 6th Best and Wonderla Kochi ranked 13th Best in Asia. Kerala State Pollution Control Board Award 2015-16 25
Slide 26: Disclaimer
DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Wonderla Holidays Limited (“Wonderla” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, fina
Slide 27: For Further Queries
FOR FURTHER QUERIES - Mr. Nandakumar N CFO Email – [email protected] Nilesh Dalvi / Nachiket Kale IR Consultant Dickenson Seagull IR Contact No : +91 9819289131 / 9920940808 Email – [email protected] [email protected] 27