Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q2 FY18 Earnings Presentation
27 slides from Wonderla Holidays's earnings presentation, November 2017
Slide 1: Q2 & H1 FY18 Result Update, November 2017
Slide 2: • Q2 & H1 FY18 RESULT HIGHLIGHTS • Q2 & H1 FY18 PORTFOLIO UPDATE
• Q2 & H1 FY18 RESULT HIGHLIGHTS • Q2 & H1 FY18 PORTFOLIO UPDATE • AMUSEMENT PARK, BANGALORE • RESORT, BANGALORE • AMUSEMENT PARK, KOCHI • AMUSEMENT PARK, HYDERABAD • FINANCIALS • COMPANY OVERVIEW 2
Slide 3: Q2 & H1 FY18 Result Highlights
Q2 & H1 FY18 RESULT HIGHLIGHTS Q2 FY18 YoY Analysis In Rs Mn REVENUES EBITDA & EBITDA MARGIN* CASH PAT, PAT & PAT MARGIN 7.6% 4.7% 487.7 494.0 18.8% 22.5% 110.9 113.8 112.7 91.6 -1.0 % 1.3% 21.1 % 37.0 -37.0 % 23.3 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 Q2 FY17 Q2 FY18 EBITDA EBITDA Margin % PAT Cash PAT P
Slide 4: Q2 & H1 FY18 Result Highlights: Financial Update
Q2 & H1 FY18 RESULT HIGHLIGHTS FINANCIAL UPDATE ▪ Q2 FY18 Revenue from Operations marginally grew by 1.3% YoY to Rs. 494.0 mn driven by 7.1% YoY growth in avg. revenue per visitor, partially offset by 5.4% decline in footfalls due to unseasonal and excessive rains across markets. ▪ While avg. ticket
Slide 5: Q2 & H1 FY18 Revenue Analysis
Q2 & H1 FY18 REVENUE ANALYSIS SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 487.7 494.0 1,352.8 1,517.4 487.7 494.0 1,352.8 1,517.4 18.0% 21.3% 17.0% 19.9% 5.0% 4.5% 4.4% 3.6% 15.8% 19.4% 19.9% 21.6% 41.0% 36.7% 30.2% 29.6% 82.0% 78.7% 83.0% 80.1% 38.2% 39.4% 45.6% 45.2% Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 Q2
Slide 6: Q2 & H1 FY18 Revenue Analysis
Q2 & H1 FY18 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (PARKS) (In Rs) * AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs) 917.7 1,213.7 823.1 1,053.9 1,050.6 757.4 770.5 984.4 7.1% 15.5% 1.7% 11.5% Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 AVG. NON-TICKET REVENUE PER VISITOR (PA
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) 1,043.0 265.2 255.7 969.6 881.9 846.9 213.4 179.2 4.0 % 7.6 % 24.3 % 42.7 % Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 FOOTFALLS – WALK-IN Vs. GROUP /
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) 812.2 223.9 700.4 747.5 677.9 195.0 123.8 125.4 3.3 % 8.7 % 57.5 % 78.5 % Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 FOOTFALLS – WALK-IN Vs. GROUP / CHANN
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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) 1,034.2 277.2 279.8 290.1 268.8 780.0 804.0 739.6 5.5 % 28.6 % 3.0% 3.7 % Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 Q2 FY17 Q2 FY18 H1 FY17 H1 FY18 FOOTFALLS – WALK-IN Vs. GROUP / C
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q2 FY18 Q2 FY17 YoY % H1 FY18 H1 FY17 YoY % Sale of Services 388.6 400.0 -2.8% 1,215.9 1,122.7 8.3% Sale of products 105.4 87.8 20.1% 301.5 230.1 31.0% Total Revenue from Operations 494.0 487.7 1.3% 1,517.4 1,352.8 12.2% Direct Operating Expenses 126.4
Slide 18: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET Particulars (Rs Mn) H1 FY18 Particulars (Rs Mn) H1 FY18 Equity: Non-current assets: Equity share capital 565.0 Property, Plant and Equipment 7,974.1 Other equity 7,057.0 Capital work - in - progress 496.7 Total equity 7,622.0 Other Intangible assets 28.9 Liabilities: Finan
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 15.11.17 (BSE) Market capitalization (Rs Mn) 21,495.7 450 CMP Rs. 380.5 Price (Rs.) 380.5 400 350 No. of shares outstanding (Mn) 5.7 300 Face Value (Rs.) 10 250 52 week High-Low (Rs.) 316.0 - 405.0 Nov/16 Jan/17 Mar/
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: 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 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 6th 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 Rohan Rege/ Nilesh Dalvi CFO - Wonderla Holidays Ltd. Dickenson Seagull IR Email – Contact No : +91 9167300142/ [email protected] 9819289131 Email – [email protected] [email protected] 27