PARQUES REUNIDOS SERVICIOS CENTRALES, S.A. H1 FY17 Results Presentation
H1 FY17 RESULTS PRESENTATION
7 June 2017
Strong H1 Performance➤ Delivered strong performance in H1 2017
➤ -0.2% like-for-like1 revenue growth in H1 2017
➤ H1 results are not comparable due to calendar shift of Easter holidays
➤ 8.4% increase in like-for-like revenue YTD as of May 7th (to factor in Easter holidays and May bank holiday weekend)
➤ Our growth strategy for the year is paying off
➤ Achieved record in season passes (+21% growth vs. prior year)
➤ Continued expanding the season through off-season events (+16% revenue growth achieved in Halloween and Christmas events)
➤ Delivered strong results during Easter holidays
➤ Focused on delivering 2017 results and making progress on our expansion strategy
➤ H1 represents c.17 % of total revenues
➤ Enhanced visibility of earnings and reduced weather risk
➤ H1 results reflect new accounting policy regarding season passes
➤ Accounting criteria has been standardized across the entire group and season pass revenues are gradually recorded throughout the year
(1) Like-for-Like figures represent the performance of the business assuming constant FX rates
H1 FY17 Results Presentation 2
Flat H1 Revenue Performance and + 8.4% Growth YTD as of May 7thH1 Reported Figures
H1 Like-for-Like Figures YTD May Like-for-Like Figures
Visitors (´000)
3,525
-2.4%
3,441
3,525
-2.4%
+9.4%
5,248
4,796
3,441
H1 FY16 H1 FY17
YTD FY16
YTD FY17
H1 FY16 H1 FY17
Revenue (€ MM)
-1.4%
107.3 105.8
H1 FY16 H1 FY17
+8.4%
144.6
156.8
-0,2%
106.0 105.8
YTD FY16
YTD FY17
H1 FY16 H1 FY17
EBITDA (€ MM)
H1 FY16 H1 FY17
➤ YTD May figures to
include the impact of Easter calendar shift and May bank holiday weekendH1 FY16 H1 FY17
-24.4
-28.3
H1 FY17 Results Presentation
-25.4
-28.3
3
Q1 FY17 Figures under New Account Policy for Season PassesLike-for-Like Figures (old accounting policy) Like-for-Like Figures (new accounting policy)
Accounting Policy
➤ Spain and RoE: Season passes revenues are recorded when the season pass is sold
➤ US: Season passes are allocated based on an estimated average percap multiplied by the actual number of visitors
Revenue (€ MM)
+7.8%
65.4 70.5
H1 FY16 H1 FY17
Q1 FY16 Q1 FY17
EBITDA (€ MM)
Q1 FY16 Q1 FY17
➤ Spain, RoE and US: Season passes are allocated based on an estimated average percap multiplied by the actual number of visitors
➤ No impact on a yearly basis
+5.6%
63.2 66.8
Q1 FY16 Q1 FY17
Q1 FY16 Q1 FY17
H1 FY17 Results Presentation
-3.3
-1.9
-5.4 -5.5
4
Parques Reunidos Servicios Centrales SA published this content on 07 June 2017 and is solely responsible for the information contained herein.
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