Wonderla Holidays Ltd. · NSE:WONDERLA
Wonderla Holidays — Q1 FY17 Earnings Presentation
26 slides from Wonderla Holidays's earnings presentation, August 2016
Slide 1: Q1 FY17 Result Update – August 2016
Q1 FY17 RESULT UPDATE – AUGUST 2016
Slide 2: Discussion Summary
DISCUSSION SUMMARY Q1 FY17 RESULTS HIGHLIGHTS Q1 FY17 PORTFOLIO UPDATE AMUSEMENT PARK, BANGALORE RESORT, BANGALORE AMUSEMENT PARK, KOCHI AMUSEMENT PARK, HYDERABAD COMPANY OVERVIEW ANNEXURE 2
Slide 3: Q1 FY17 Results Highlights
Q1 FY17 RESULTS HIGHLIGHTS In Rs Mn REVENUES EBITDA & EBITDA MARGIN CASH PAT, PAT & PAT MARGIN 888.7 59.9% 41.7% 44.1% 25.3% 672.1 402.9 324.4 392.0 -8.6 % 296.4 280.4 224.6 32.2% -2.7 % -19.9 % Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 EBITDA EBITDA Margin % PAT Cash PAT PAT Margin % 3
Slide 4: Q1 FY17 Results Highlights – Financial Update
Q1 FY17 RESULTS HIGHLIGHTS FINANCIAL UPDATE Q1 FY17 Revenues from Operations grew by 32.2% YoY to Rs 888.7 mn driven by 18% growth in average revenue per visitor and 12% increase in total footfalls. Bangalore park - 25% increase in average ticket revenue and 18% increase in average non-ticket re
Slide 5: Q1 FY17 Revenue Analysis
Q1 FY17 REVENUE ANALYSIS SERVICES VS. PRODUCTS PORTFOLIO BREAKUP 672.1 888.7 672.1 888.7 12.3% 4.7% 3.9% 16.0% 21.8% 35.3% 24.7% 87.7% 84.0% 60.0% 49.6% Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 Services Products Park - Bangalore Park - Kochi Park - Hyderabad Resort - Bangalore TICKET VS. NON-TICKET TOTAL FOO
Slide 6: Q1 FY17 Revenue Analysis
Q1 FY17 REVENUE ANALYSIS AVG. REVENUE PER VISITOR (In Rs)* ^ AVG. TICKET REVENUE PER VISITOR (In Rs) 1,096.0 870.0 926.0 763.0 18.4 % 14% Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 AVG. NON-TICKET REVENUE PER VISITOR (In Rs) ^ BREAK-UP OF NON-TICKET REVENUE 226.0 16.9% 13.6% 163.0 16.7% 22.0% 35.5% 33.8% 38.7%
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) 1,011.0 198.7 807.0 168.3 25.3 % 18.1 % Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 417.1 366.7 41
Slide 9: Bangalore Park
BANGALORE PARK 9
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 62 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) 846.0 161.8 701.0 122.6 20.7% 32.0 % Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 289.1 218.5 289.1 218
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 by
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) 646.0 290.2 Q1 FY17 Q1 FY17 FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000) FOOTFALLS – REGIONWISE BREAKUP (‘000) 207.0 207.0 9% 5.5% 62.7% 91% 0.1% 31.5% 0.3% Q1 FY17 Q1 F
Slide 16: Hyderabad Park
HYDERABAD PARK 16
Slide 17: Financials – P&L Statement
FINANCIALS – P&L STATEMENT Particulars (Rs Mn) Q1 FY17 Q1 FY16 YoY % FY16 Sale of Services 746.4 589.6 26.6% 1,764.4 Sale of products 142.3 82.5 72.6% 289.2 Total Revenue from Operations 888.7 672.1 32.2% 2,053.6 Direct Operating Expenses 153.2 81.8 87.3% 361.0 Purchase of Stock-in-Trade 81.2 43.6 8
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 Market Data As on 02.08.16 (BSE) Share Price Performance Market capitalization (Rs Mn) 22,235.8 500 CMP Rs 393.6 Price (Rs.) 393.6 400 No. of shares outstanding (Mn) 56.5 300 Face Value (Rs.) 10.0 200 3-Aug-15 3-Oct-15 3-Dec-15 3-Feb-16 3-Apr-16 3-Jun-16 52
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 acres
Slide 23: Company Overview – Future Growth Strategy
COMPANY OVERVIEW – 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 b
Slide 24: 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 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: Thank You
FOR FURTHER QUERIES THANK YOU Mr. Nandakumar T Nilesh Dalvi / Kapil Jagasia Wonderla Holidays Ltd. Dickenson Seagull IR CFO Contact No : +91 9819289131/ 9819033209 Email - [email protected] Email - [email protected] [email protected] 26