HALF YEAR RESULTS FY14 John Guscic Managing Director 13 February 2014 0.

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Presentation transcript:

HALF YEAR RESULTS FY14 John Guscic Managing Director 13 February

Half Year Results FY14 1 Highlights Revenue up 64% to $52.2m Increase in margins: TTV margin up 23% to 10.3% − Improved operating terms − Evolving business mix Reported EBITDA up 45% to $12.3m; 21.5% above Normalised FY13 NPAT growth of 60% to $9.1m, 24% higher than Normalised FY13. − Utilisation of Zuji carry forward tax losses, reduced the average tax rate to 20.1% − Impact of lower interest rates (c.$238k impact) − Absorbs impact of revised useful life for technology assets ($565k impact) Year of significant core infrastructure investment − Webjet platform moved into the cloud − Successful migration of Zuji onto Webjet Platform

Half Year Results FY14 2 Result summary 2 1.Result adjusted for the impact of one-off costs: Start-up costs for Lots of Hotels business of $1.1m, Zuji acquisition costs of $0.5m.

Half Year Results FY14 3 Accelerating growth in revenue margin 3 Revenue / TTV margin

Half Year Results FY14 4 Continued growth in EPS 4 1.Result adjusted for the impact of one-off costs: Start-up costs for Lots of Hotels business of $1.1m, Zuji acquisition costs of $0.5m.

Half Year Results FY14 5 Dividends 5 Cents paid – fully franked Interim dividend increased to 6.25 cents

Half Year Results FY14 6 Strong balance sheet 6 Zuji integrated and terms of trade aligned Debt free Cash includes $9.5m of client funds; [ $29m at 30 June 2013 ]

Half Year Results FY14 77

Unsaved Document / 21/09/2012 / 14:14 Full Year Results 2012/13 AIR 8

Half Year Results FY (1)Number 1 AIR OTA in AU/NZ as determined by Hitwise. ZUJI - NO 1 OTA – AIR (2,3) Singapore & Hong Kong Australia & New Zealand WEBJET- NO 1 OTA – AIR (1) (2)SG: Aggregated internet metrics 2013 (3)HK: Aggregated internet metrics 2013

Half Year Results FY14 10 Air Delivered profitable growth through improved margins Enhanced targeted digital marketing to maximise ROI Grown share of visits H1 FY14 10 Source is Htiwise.com.au

Half Year Results FY14 11 Webjet leads brand awareness amongst OTA’s 11 Source: Hitwise upstream search terms.

Unsaved Document / 21/09/2012 / 14:14 Full Year Results 2012/13 NON - AIR 12

Half Year Results FY14 13 Organic Packages Growth 13 $21m Run Rate

Half Year Results FY14 14 Lots Of Hotels Lots of Hotels − Online B2B hotels business − Now in 18 markets across Middle East, North Africa, Southern Europe − Plan to launch into 30 markets by December 2014 − Proven and experienced management team − Currently on a $65m+ annualised TTV run rate − Margin continues to improve − Scale is the objective for

Unsaved Document / 21/09/2012 / 14:14 Full Year Results 2012/13 TECHNOLOGY INVESTING IN THE FUTURE OF TRAVEL 15

Half Year Results FY14 16 Growing from firm foundations 16 Scale global platform capability Expand content base Extend reach Leverage device distribution Completed transition of ZUJI online presence to Webjet Cloud Services platform in all markets Increased payment options for customers through new payment platform Devised tools to provide more air content options across our flight markets Continued focus on our mobile strategies and solutions

Half Year Results FY14 17 “COWARDS DIE MANY TIMES BEFORE THEIR DEATHS THE VALIANT NEVER TASTE OF DEATH BUT ONCE” - Shakespeare, Julius Caesar Act II BOOKING FEES AIRLINES METASEARCH GOOGLE FLIGHTS AMERICAN OTA COMPETITORS

Half Year Results FY14 18 The myth of modern man – Part 1

Half Year Results FY14 19 The myth of modern man – Part 2  Booking.com DOES NOT sell air  Since 2011 Webjet has grown hotels:  From $2m annually to  $57m in first half of 2014  A run rate of $120 million a year, a 60 fold increase over just three years Webjet sells hotels via: B2C through Webjet & ZUJI sites Stand alone Inflight path Packages B2B through Lots Of Hotels

Half Year Results FY14 20 Webjet Exclusives New product offering Exceptional short term fixed price travel deal Seasoned travel executive Paul Ryan Ex Flight Centre, Scoopon Launching in Q4 2014

Half Year Results FY14 21