Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q3 FY18 Earnings Presentation
26 slides from Wonderla Holidays's earnings presentation, February 2018
Slide 1: Q3 & 9M FY18 Result Update
Q3 & 9M FY18 RESULT UPDATE February 2018
Slide 2: Agenda
• Q3 & 9M FY18 RESULT HIGHLIGHTS • Q3 & 9M FY18 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q3 & 9M FY18 Result Highlights
Q3 & 9M FY18 RESULT HIGHLIGHTS Q3 FY18 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 681.7 29.8% 10.2% 638.3 6.4% 17.6% 190.5 32.2 % 163.1 120.2 123.4 6.4 % 58.4 % 65.4 43.9 48.9 % Q3 FY17 Q3 FY18 Q3 FY17 Q3 FY18 Q3 FY17 Q3 FY18 EBITDA EBITDA Margin % PAT Cash PAT
Slide 4: Q3 FY18 Result Highlights
Q3 FY18 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q3 FY18 revenues declined by 6.4% YoY from Rs 681.7 mn to Rs 638.3 mn driven by 8.0% YoY decline in footfalls, due to shift of festive season, partially offset by 1.8% growth in avg. revenue per visitor. ▪ The share of Non-ticket revenue improved from 23.
Slide 5: Q3 & 9M FY18 Revenue Analysis
Q3 & 9M FY18 REVENUE ANALYSIS In Rs Mn SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 681.7 638.3 2,034.5 2,155.7 681.7 638.3 2,034.5 2,155.7 4.7% 4.8% 4.4% 3.9% 19.0% 24.2% 17.7% 21.2% 19.9% 20.6% 22.6% 25.4% 31.6% 30.3% 33.2% 32.1% 81.0% 75.8% 82.3% 78.8% 41.5% 37.7% 44.1% 43.2% Q3 FY17 Q3 FY18 9M FY17 9
Slide 6: Q3 & 9M FY18 Revenue Analysis
Q3 & 9M FY18 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 826 780 1,112 695 999 655 911 928 1.8 % 11.3 % 5.7 % 5.9 % Q3 FY17 Q3 FY18 9M FY17 9M FY18 Q3 FY17 Q3 FY18 9M FY17 9M FY18 AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs) BREA
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) 931 961 261 268 850 230 766 213 9.9 % 3.2 % 13.5 % 25.7 % Q3 FY17 Q3 FY18 9M FY17 9M FY18 Q3 FY17 Q3 FY18 9M FY17 9M FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FO
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 57 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) 696 724 594 578 224 208 157 154 2.8 % 4.0 % 32.5 % 45.7 % Q3 FY17 Q3 FY18 9M FY17 9M FY18 Q3 FY17 Q3 FY18 9M FY17 9M FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFA
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 43 land and water based attractions and other allied facilities. • 4 restaurants offering various cuisines, of which all 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) 759 631 624 656 266 276 249 224 1.1 % 15.7 % 10.6 % 5.2 % Q3 FY17 Q3 FY18 9M FY17 9M FY18 Q3 FY17 Q3 FY18 9M FY17 9M FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FO
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q3 FY18 Q3 FY17 YoY % 9M FY18 9M FY17 YoY % Sale of Services 483.7 551.8 -12.4% 1,699.5 1,674.5 1.5% Sale of products 154.7 129.9 19.1% 456.2 359.9 26.7% Total Revenue from Operations 638.3 681.7 -6.4% 2,155.7 2,034.5 6.0% Direct Operating Expenses 137.
Slide 18: 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 19: Company Overview – Shareholding Structure
COMPANY OVERVIEW – SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 09.02.18 Market capitalization (Rs Mn) 20,732.9 450 CMP Rs. 366.9 Price (Rs.) 366.9 400 350 No. of shares outstanding (Mn) 5.7 300 Face Value (Rs.) 10 250 52 week High-Low (Rs.) 330.0 – 425.0 Feb/17 Apr/17 Jun/17 Aug
Slide 20: 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 21: 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 22: 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 • 16+ yrs of successful operations of the parks has built significant brand equity • Owns 93.17 acres in Kochi, 81.75 acre
Slide 23: 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 24: 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 6th Best in Asia Kerala State Pollution Control Board Award 2015-16 24
Slide 25: 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 26: For Further Queries
FOR FURTHER QUERIES - Mr. Nandakumar N Nilesh Dalvi CFO IR Consultant Email – [email protected] Dickenson Seagull IR Contact No : +91 9819289131 Email – [email protected] 26