Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q4 FY2017 Earnings Presentation
27 slides from Wonderla Holidays's earnings presentation, May 2017
Slide 1: Q4 & FY17 Result Update – May 2017
Q4 & FY17 RESULT UPDATE – MAY 2017
Slide 2: Discussion Summary
DISCUSSION SUMMARY Q4 & FY17 RESULT HIGHLIGHTS Q4 & FY17 PORTFOLIO UPDATE AMUSEMENT PARK, BANGALORE RESORT, BANGALORE AMUSEMENT PARK, KOCHI AMUSEMENT PARK, HYDERABAD COMPANY OVERVIEW ANNEXURE 2
Slide 3: Q4 & FY17 Results Highlights
Q4 & FY17 RESULTS HIGHLIGHTS Q4 FY17 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 17.0% 612.1 24.7% 5.6% 16.2% 445.0 103.4 -4.3 % 99.1 110.1 98.9 75.7 37.6% 10.2 % - 54.5% 34.4 Q4 FY16 Q4 FY17 Q4 FY16 Q4 FY17 Q4 FY16 Q4 FY17 EBITDA EBITDA Margin % PAT Cash PAT PAT
Slide 4: Q4 & FY17 Results Highlights – Financial Update
Q4 & FY17 RESULTS HIGHLIGHTS FINANCIAL UPDATE ▪ Q4 FY17 Revenue from Operations grew by 37.6% YoY to Rs. 612.1 mn driven by 10.4% growth in average revenue per visitor and 26.1% growth in total footfalls. ▪ The share of Non-ticket revenue improved from 22.6% in Q4 FY16 to 27.5% in Q4 FY17. Higher no
Slide 5: Q4 & FY17 Revenue Analysis
Q4 & FY17 REVENUE ANALYSIS SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 445.0 612.1 2,053.6 2,704.1 445.0 612.1 2,053.6 2,704.1 5.4% 4.1% 5.1% 4.3% 14.9% 20.5% 14.1% 18.0% 24.9% 21.0% 39.7% 36.9% 31.2% 85.9% 30.1% 85.1% 82.0% 79.5% 57.6% 55.2% 41.0% 43.4% Q4 FY16 Q4 FY17 FY16 FY17 Q4 FY16 Q4 FY17 FY16 FY
Slide 6: Q4 & FY17 Revenue Analysis
Q4 & FY17 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs)* AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 764.0 978.0 696.0 711.0 722.0 945.0 856.0 877.0 10.4 % 11.5 % 2.2 % 5.8 % Q4 FY16 Q4 FY17 FY16 FY17 Q4 FY16 Q4 FY17 FY16 FY17 AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs) BREAK
Slide 7: 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 61 land and water based attractions and other allied facilities • 5 restaurants
Slide 8: 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) 907.0 252.9 786.0 826.0 790.0 227.4 174.3 171.3 5.1 % 14.8 % 45.1% 32.7% Q4 FY16 Q4 FY17 FY16 FY17 Q4 FY16 Q4 FY17 FY16 FY17 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000)
Slide 9: Bangalore Park
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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: 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 55 land and water based attractions and other allied facilities • 5 restaurants offe
Slide 12: 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) 206.4 644.0 679.9 168.9 588.8 623.1 142.8 138.1 5.8 % 5.6 % 44.5 % 22.3 % Q4 FY16 Q4 FY17 FY16 FY17 Q4 FY16 Q4 FY17 FY16 FY17 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FO
Slide 13: Kochi Park
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Slide 14: 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 43 land and water based attractions and other allied facilities. • 4 restaurants offering various cuisines, of which 3 are operated b
Slide 15: 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) 262.0 666.0 659.0 245.0 631.0 227.0 Q3 FY17 Q4 FY17 FY17 Q3 FY17 Q4 FY17 FY17 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 168.8 16
Slide 16: Hyderabad Park
HYDERABAD PARK 16
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q4 FY17 Q4 FY16 YoY % FY17 FY16 YoY % Sale of Services 486.4 378.6 28.5% 2,218.4 1,764.4 25.7% Sale of products 125.8 66.4 89.4% 485.7 289.2 68.0% Total Revenue from Operations 612.1 445.0 37.6% 2,704.1 2,053.6 31.7% Direct Operating Expenses 154.2 114.
Slide 18: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET Particulars (Rs Mn) FY17 FY16 Particulars (Rs Mn) FY17 FY16 Share Holders’ Funds: Non-current assets: Fixed assets Share capital 565.0 565.0 Tangible assets 3,219.7 1,522.3 Reserves and Surplus 3,795.8 3,465.0 Intangible assets 6.0 5.5 Total of Shareholder funds 4,360.8 4,
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 Vee
Slide 20: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 24.05.17 (BSE) Market capitalization (Rs Mn) 20,953.3 450 CMP Rs 370.9 Price (Rs.) 370.9 400 350 No. of shares outstanding (Mn) 5.7 300 Face Value (Rs.) 10 250 52 week High-Low (Rs.) 420.0 – 316.0 May/16 Jul/16 Sep/1
Slide 21: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 16 yrs in the industry • 12+ 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: Our Sustainable Competitive Advantages
OUR SUSTAINABLE COMPETITIVE ADVANTAGES OVER A DECADE OF OPERATIONAL PROXIMITY TO CITY WITH AMPLE LAND EXPERIENCE AND BRAND EQUITY AVAILABLE FOR FUTURE DEVELOPMENT • 16 yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acres in Bangalore •
Slide 24: Our Future Growth Strategy
OUR 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 customer prefe
Slide 25: Company Overview – Global Ranking and Recognition
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION Wonderla parks were ranked at #1 and #2 in India by Tripadvisor for 2015. Wonderla parks were ranked at #7 and #9 in Asia by TripAdvisor for 2015, highest for any Indian theme parks. Other Indian parks rated were: Adlabs Imagica, Mumbai (#18); Ramoji
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: Thank You
FOR FURTHER QUERIES THANK YOU Mr. NANDAKUMAR N Nilesh Dalvi / Rohan Rege Wonderla Holidays Ltd. Dickenson Seagull IR CFO Contact No : +91 9819289131/ 9167300142 Email – [email protected] Email - [email protected] [email protected] 27