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Kelsian Group Limited
FY 22 Half Year Results
Investor Presentation
Clint Feuerherdt | Andrew Muir |
Group Chief Executive Officer | Chief Financial Officer |
23 February 2022 |
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Important notice - disclaimer
This document has been prepared by Kelsian Group Limited (ACN 109 078 257) (Kelsian Group or the Company). No party other than Kelsian Group has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this document.
Presentation of general background: This document contains general background information about Kelsian Group's proposed activities current as at the date of this presentation (Information). It is Information in a summary form only and does not contain all the information necessary to fully evaluate any transaction or investment. The material contained in this presentation may include information derived from publicly available sources that have not been independently verified.
Not investment advice: The Information provided in this presentation is not intended to be relied upon as advice to investors or potential investors and is not and should not be considered as a recommendation or invitation to invest. To the maximum extent permitted by law, the Company and its Officers do not accept any liability for any loss arising from the use of information contained in this presentation.
Financial data: All dollar values are in Australian dollars (A$) unless otherwise stated.
Future performance: This presentation may contain certain forward-looking statements. The words 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan' and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Kelsian Group, and its directors, officers, employees, agents and associates, that may cause actual results to differ materially from those expressed or implied in such statements. Actual results, performance or outcomes may differ materially from any projections and forward-looking statements and the assumptions on which those assumptions are based. You should not place undue reliance on forward-looking statements and neither Kelsian Group nor any of its directors, officers, employees, advisers or agents assume any obligation to update such Information. Kelsian Group does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements or to otherwise update any forward-looking statements whether as a result of new information, future events or otherwise, after the date of this presentation.
Authorisation: Approved and authorised for release via the Australian Securities Exchange on 23 February 2022 by Clinton Feuerherdt, Group Chief Executive Officer, Kelsian Group.
Address: Level 3, 26 Flinders Street, Adelaide, South Australia 5000.
For more information please contact: Andrew Muir, CFO, Kelsian Group, (08) 8202 8693 or andrew.muir@kelsian.com
© Kelsian Group Limited FY22 Half Year Results - Investor Presentation
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Review of FY22 Half Year Results
Financial snapshot of H1 FY22
Resilient performance during the most challenging period of the pandemic
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Statutory Results | Underlying Results | |
Six months ended | Six months ended | |
31 December 2021 | 31 December 2021 | |
Revenue | Revenue | |
$649.0 million | $649.0 million | |
up 13.7% pcp | up 13.7% pcp | |
EBITDA | Underlying EBITDA | |
$90.2 million | $90.8 million | |
down 6.3% pcp | down 4.1% pcp | |
NPATA | Underlying NPATA | |
$32.6 million | $ 33.3 million | |
down 34.7% pcp | down 30.6% pcp | |
Balance Sheet strength used to support
acquisitions and asset renewal
Senior net debt | Operating cash flow | |
$236.6 million | $48.9 million | |
up 45.6% pcp | down 20.5% pcp | |
Senior leverage | Interim |
1.95x | Fully Franked Dividend |
up 45.5% pcp | 7.0 cents |
1.29x * | same as pcp |
(* Excl. government backed debt)
© Kelsian Group Limited FY22 Half Year Results - Investor Presentation
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H1 FY22 overview
Performing against the pressures of COVID-19 and enhancing the diversity of the contracted business
Period highlights
- Underlying Earnings before Interest ,Tax Depreciation and Amortisation (EBITDA) is $90.8 million, down 4.1% on prior year with total revenue of $649.0 million, up 13.7% on the prior year
- Australian Bus - performed in line with expectations - increased EBITDA and achieved margin expansion
- International Bus - performed better than expected following partial London restructure and new Singapore contract integration
- Marine & Tourism - negatively impacted by border restrictions, travel uncertainty and emergence of Omicron variant
- Cashflow and Balance Sheet remain strong
- Utilised balance sheet capacity to debt fund acquisitions of Go West Tours (July 2021) and Lestok Tours (December 2021)
- Successfully managing the ongoing impacts of COVID-19 across the entire business
- Award of a new up to 25-year contract to operate the ferries to Kangaroo Island commencing in July 2024
- Successful transition and commencement of the new Sembawang-Yishun contract in Singapore
- Completion of the Joint Venture with RATP Dev in London for the Westbourne Park operations
- Ongoing asset base improvement with $21 million of capital invested and the arrival of the new MV The Jackson dining vessel for Sydney Harbour and new vessels in Queensland
- Expansion of the electric bus fleet in NSW and UK and electrification of Leichhardt depot in NSW
- Extensions of key strategic marine contracts in Gladstone
- Change of corporate name from SeaLink Travel Group Limited to Kelsian Group Limited
- Inclusion in the S&P ASX200 Index
- Interim dividend of 7.0 cents per share, in line with prior year
© Kelsian Group Limited FY22 Half Year Results - Investor Presentation
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Kelsian Group Ltd. published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 22:22:36 UTC.