Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q3 FY16 Earnings Presentation
27 slides from Wonderla Holidays's earnings presentation, February 2016
Slide 1: Q3 & 9M FY16 Result Update – February 2016
Q3 & 9M FY16 RESULT UPDATE – FEBRUARY 2016
Slide 2: Global Ranking and Recognition
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 Film City, Hyderab
Slide 3: Discussion Summary
DISCUSSION SUMMARY Q3 & 9M FY16 RESULTS HIGHLIGHTS Q3 & 9M FY16 PORTFOLIO UPDATE AMUSEMENT PARK, BANGALORE RESORT, BANGALORE AMUSEMENT PARK, KOCHI AMUSEMENT PARK, HYDERABAD COMPANY OVERVIEW ANNEXURE 3
Slide 4: Q3 & 9M FY16 Results Highlights
Q3 & 9M FY16 RESULTS HIGHLIGHTS Q3 FY16 YoY Analysis REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 504.2 44.1% 27.0% 473.6 36.1% 24.3% 208.9 168.1 182.0 150.8 127.7 -10 % 122.6 7% -13 % -4 % Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 Q3 FY15 Q3 FY16 EBITDA EBITDA Margin % PAT Cash PAT PAT Margin %
Slide 5: Q3 FY16 Results Highlights
Q3 FY16 RESULTS HIGHLIGHTS FINANCIAL UPDATE Q3 FY16 Revenues from Operations grew by 7% YoY to Rs 504.2 mn driven by 22% growth in average revenue per visitor, partially offset by 12% decline in overall footfalls. Bangalore park witnessed 24% increase in average ticket revenue and 31% increase i
Slide 6: Q3 & 9M FY16 Revenue Analysis
Q3 & 9M FY16 REVENUE ANALYSIS SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 473.6 504.2 1,454.1 1,608.6 473.6 504.2 1,454.1 1,608.6 5.7% 5.6% 5.3% 5.0% 12.9% 15.4% 12.2% 13.8% 38.9% 40.5% 42.6% 42.8% 87.1% 87.8% 86.2% 84.6% 51.7% 51.6% 55.8% 54.5% Q3 FY15 Q3 FY16 9M FY15 9M FY16 Q3 FY15 Q3 FY16 9M FY15 9M
Slide 7: Q3 & 9M FY16 Revenue Analysis
Q3 & 9M FY16 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (In Rs)* AVG. TICKET REVENUE PER VISITOR (In Rs) 686.9 729.0 917.3 949.8 630.5 753.2 807.8 579.5 22 % 18 % 19% 16 % Q3 FY15 Q3 FY16 9M FY15 9M FY16 Q3 FY15 Q3 FY16 9M FY15 9M FY16 AVG. NON-TICKET REVENUE PER VISITOR (In Rs) BREAK-UP OF NON-TICKE
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 59 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) 813.1 791.3 653.9 681.3 193.8 190.0 148.5 150.9 24 % 16 % 31 % 26 % Q3 FY15 Q3 FY16 9M FY15 9M FY16 Q3 FY15 Q3 FY16 9M FY15 9M FY16 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL
Slide 10: Bangalore Park
BANGALORE PARK 10
Slide 11: 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 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 62 land and water based attractions and other allied facilities • 5 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) 658.9 165.3 574.9 154.1 570.4 509.4 112.3 113.6 13 % 16 % 47 % 36 % Q3 FY15 Q3 FY16 9M FY15 9M FY16 Q3 FY15 Q3 FY16 9M FY15 9M FY16 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘0
Slide 14: Kochi Park
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Slide 15: Portfolio Update – Amusement Park, Hyderabad
PORTFOLIO UPDATE – AMUSEMENT PARK, HYDERABAD Hyderabad Project Update - • Over 49.5 acres of land has been acquired for the Hyderabad Park. Current Park development is on 27 acres of Land. The park would initially comprise of 43 rides (wet rides + dry rides) • All the approvals, including land acqui
Slide 16: Hyderabad Park
HYDERABAD PARK 16
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q3 FY16 Q3 FY15 YoY % 9M FY16 9M FY15 YoY % FY15 Sale of Services 426.4 412.4 3.4% 1,385.8 1,277.4 8.5% 1,593.4 Sale of products 77.8 61.2 27.2% 222.8 176.7 26.1% 225.3 Total Revenue from Operations 504.2 473.6 6.5% 1,608.6 1,454.1 10.6% 1,818.7 Direct
Slide 18: Financials – Balance Sheet
FINANCIALS – BALANCE SHEET Particulars (Rs Mn) FY15 H1 FY16 Particulars (Rs Mn) FY15 H1 FY16 Share Holders’ Funds: Non-current assets: Equity share capital 565.0 565.0 Fixed assets Tangible assets 1,388.1 1,374.3 Reserves and Surplus 2,999.4 3,399.3 Intangible assets 5.5 4.9 Total of Shareholder fun
Slide 19: Company Overview – About Us
COMPANY OVERVIEW – ABOUT US • One of the largest amusement park operators in India with over 14 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 10.02.16 (BSE) 600 CMP Rs 366.5 Market capitalization (Rs Mn) 20,704.7 400 Price (Rs.) 366.5 No. of shares outstanding (Mn) 56.5 200 Face Value (Rs.) 10.0 0 Feb-15 May-15 Aug-15 Nov-15 Feb-16 52 week High-Low (Rs.) 4
Slide 21: Company Overview – Board of Directors & Management Team
COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM • 15 yrs in the industry • 11+ 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 – Financial Overview
COMPANY OVERVIEW – FINANCIAL OVERVIEW REVENUES EBITDA & EBITDA MARGIN PAT & PAT MARGIN 1,864.8 CAGR: 19.6% CAGR: 15.7% CAGR: 12.6% 1,560.3 34.6% 1,391.7 52.1% 49.7% 26.1% 24.1% 25.6% 27.2% 1,145.2 46.1% 46.6% 45.7% 912.2 851.7 506.3 641.6 727.4 398.9 475.1 568.9 315.2 298.7 334.8 FY11 FY12 FY13 FY14
Slide 23: 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 24: 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 • 14+ yrs of successful operations of the parks has built • Already acquired 49.57 acres of land for Hyderabad significant brand equity p
Slide 25: Our Future Growth Strategy
OUR FUTURE GROWTH STRATEGY SCALABILITY – EXPANSION THROUGH SETTING • Already acquired 49.57 acres of land near Hyderabad and in the process of acquiring NEW AMUSEMENT PARKS land in Chennai FOCUS ON IMPROVISING EXISTING PARKS TO • Evaluate customer preferences to innovate attractions based on popular
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 Nilesh Dalvi / Kapil Jagasia Wonderla Holidays Ltd. Dickenson Seagull IR V P Finance Contact No : +91 9819289131/ 9819033209 Email - [email protected] Email - [email protected] [email protected] 27