Tourism Holdings Limited · NZX:THL
Tourism — FY2014 Earnings Presentation
10 slides from Tourism's earnings presentation, Aug 26, 2014
Slide 1: Tourism Holdings FY14 Financial Summary
Tourism Holdings FY14 Financial Summary 26 AUGUST 2014
Slide 2: Full Year EBIT
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Full Year EBIT Earnings Before Interest and Tax – EBIT $22.8M for FY14. Performance improvement across all business units. 1
Slide 3: Full Year EBIT
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Full Year EBIT EBIT up by 57% on FY13. Note: FY12 normalised for one off $4.5M Rugby World Cup contribution (H1 2012). FY13 normalised for $1.4M Alpine merger costs (H1 2013). 2
Slide 4: H2 EBIT
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 H2 EBIT Performance improvement across all business units, particularly Rentals Australia and Tourism Group. 3
Slide 5: Full Year EBITDA
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Full Year EBITDA Earnings Before Interest Tax and Depreciation - EBITDA $60M for FY14. FY12 was normalised for one off $4.5M Rugby World Cup contribution. FY13 normalised for $1.4M Alpine merger costs. 4
Slide 6: Net Debt
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Net Debt Net bank debt reduced by $41M. $6M commitment under documentary letter of credit to fund early production of new season motorhome purchases from RVMG LP has reduced debt levels compared to prior years. 5
Slide 7: Capital Expenditure (Gross)
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Capital Expenditure (Gross) FY14 spend stable in USA and reduced in Australia. NZ increased though the total spend is significantly down when including the Alpine fleet acquisitions. Forecast FY15 is increased gross spend in AU, stable USA and N
Slide 8: Fleet Sales
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Fleet Sales FY14 fleet Sales of $65M, $2M below FY13. NZ sales 14% higher (first full year post merger). USA sales up 3% on FY13. Australian FY14 fleet sales down on FY13 by 38%, including 11% currency impact. Fleet sales forecast at $50M to $60
Slide 9: Fleet Size
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Fleet Size Reduction in Australian and NZ fleet. Stable in USA. 8
Slide 10: Return on Funds Employed
TOURISM HOLDINGS FY14 FINANCIAL SUMMARY 26 AUGUST 2014 Return on Funds Employed Improvement in ROFE (EBIT/Net Funds Employed) to 9.6%. Resulting from improved EBIT and reduction in Funds Employed by 15%. 9