Helloworld Travel Ltd · ASX:HLO
Helloworld Travel — Jetset Travelworld Group — FY2012 Earnings Presentation
15 slides from Helloworld Travel's earnings presentation, Aug 27, 2012
Slide 1: The Jetset Travelwerld Group 2012 Full Year Results
a The Jetset Travelwerld Group 2012 Full Year Results
Slide 2: Elizabeth Gaines, Chief Financial Officer
Elizabeth Gaines Chief Financial Officer 2
Slide 3: 2012 Full Year Review
2012 Full Year Review • Profit before tax of $33.2 million after adjusting to exclude the impact of the non‐cash goodwill impairment charge and non‐recurring restructuring costs • Reported profit before tax of $14.4 million • Non‐cash impairment charge to intangible assets of $11.2 million • Restruc
Slide 4: Full-year Result
Full-year Result FY12 FY11(1) Change $m $m % Total Transaction Value (TTV) 5,625.8 5,194.9 +8% Revenue 361.1 341.2 +6% Adjusted EBITDAI (2) 50.5 49.4 +2% Profit before tax 14.4 30.7 ‐53% Profit after tax attributable to members 5.5 19.2 ‐71% EPS (diluted) 1.24 cents 4.97 cents ‐75% Final dividend pe
Slide 5: Retail Segment
Retail Segment FY12 FY11(1) Change $m $m % Total Transaction Value (TTV) 4,023.3 3,882.6 +4% Revenue 193.8 184.3 +5% Operating expenses (130.4) (129.6) +1% Adjusted EBITDAI 63.4 54.7 +16% • Margin of revenue to TTV increased from 4.75% in FY11 to 4.82% in FY12 reflecting benefits of scale and an inc
Slide 6: Wholesale Segment
Wholesale Segment FY12 FY11(1) Change $m $m % Total Transaction Value (TTV) 858.1 661.8 +30% Revenue 114.9 104.0 +10% Operating expenses (99.9) (90.7) +10% Adjusted EBITDAI 15.1 13.3 +14% • Revenue margin has stabilised at 13.4% due to disciplined margin management, brand rationalisation, integratio
Slide 7: Travel Management Segment
Travel Management Segment FY12 FY11(1) Change $m $m % Total Transaction Value (TTV) 744.4 650.5 +14% Revenue 46.3 44.8 +3% Operating expenses (49.6) (41.3) +20% Adjusted EBITDAI (3.3) 3.5 ‐194% • Losses incurred in Travel Management exceeded expectations • QBT focused on cost reduction and productiv
Slide 8: Business Combination Pro-forma Results – FY12
Business Combination Pro-forma Results – FY12 FY12 FY11(1) Change $m $m % Total Transaction Value (TTV) 5,625.8 5,825.5 ‐3.4% Revenue 361.1 382.8 ‐5.7% Operating expenses (310.6) (327.9) ‐5.3% Adjusted EBITDAI(2) 50.5 54.9 ‐8% Profit before tax 14.4 26.4 ‐45.5% • Operating expenses $17.3 million low
Slide 9: Balance Sheet
Balance Sheet Jun‐12 Jun‐11 $m $m Cash 216.5 221.5 Debtors 121.5 133.4 Intangible assets (1) 421.2 427.7 Other non‐current assets 37.7 30.5 Current Liabilities (336.5) (347.3) Non‐current Liabilities (38.0) (29.2) Equity 422.4 436.6 (1) Intangible assets consists of: Goodwill 245.4 255.7 Franchise s
Slide 10: Liquidity and Funding
Liquidity and Funding Jun‐12 Jun‐11 $m $m Total Facility available 81.0 80.9 Drawn Debt (28.7) (24.7) Multi‐option Facilities (including bank guarantees) (10.7) (14.7) Headroom 41.6 41.5 General cash 13.0 36.6 Client cash 203.5 184.9 Total cash 216.5 221.5 • Facilities are non‐amortising and repayab
Slide 11: Rob Gurney, Chief Executive Officer (Designate)
Rob Gurney Chief Executive Officer (Designate) 11
Slide 12: Rob Gurney Introduction
Rob Gurney Introduction • Appointed CEO Designate and Director of Jetset Travelworld Limited on 27 August 2012 • Commercial and operational experience in the travel and tourism industry in Australia and overseas with senior roles in Qantas and British Airways • Most recent position was Group Executi
Slide 13: Business Profile
Business Profile Jun‐12 Jun‐11 Franchisees, Members and Affiliates: 2,066 2,167 Employees: 2,369 2,621 Countries: 8 8 Oxford UK 11 Employees NORTH AMERICA 72 Employees Los Angeles Hanoi ASIA 88 Employees Siem Reap Phnom Penh Ho Chi Minh City FIJI 235 Employees Fiji Johannesburg Brisb
Slide 14: Brand and Business Overview
Brand and Business Overview Online Trading Businesses 14
Slide 15: Outlook
Outlook • Key areas of focus for JTG: IMPLEMENT Restructuring initiatives to lower costs ADAPT Operations to meet trading conditions In emerging trends with a key focus on INVEST online service offerings 15
Jetset Travelworld Group — FY2012 Earnings Presentation on 6ix