Bright Horizons Delivering on the Plan
FY17: Interim Results Presentation21 February 2017
The information in this presentation dated 21 February 2017 may contain forward-looking statements and projections. These reflect thl's current expectations, based on what it thinks are reasonable assumptions. However, for any number of reasons the future could be different and the assumptions on which the forward-looking statements and projections are based could be wrong. thl gives no warranty or representation as to its future financial performance or any future matter. Except as required by law or NZX listing rules, thl is not obliged to update this presentation after its release, even if things change materially.
This presentation may contain a number of non-GAAP financial measures. Because they are not defined by GAAP or IFRS, thl's calculation of these measures may differ from similarly titled measures presented by other companies and they should not be considered in isolation from, or construed as an alternative to, other financial measures determined in accordance with GAAP.
This presentation does not take into account any specific investors objectives, and does not constitute financial or investment advice. Investors are encouraged to make an independent assessment of thl.
The information contained in this presentation should be read in conjunction with thl's latest financial statements, which are
available at: www.thlonline.com
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REVENUE
EARNINGS BEFORE INTEREST AND TAX
H1 REVENUE
+9% $146M $18.7M+1%
+20%
134146
UPUP
9%25%
110111
FY14 FY15 FY16 FY17NET PROFIT AFTER TAX
$11.3MUP
38%INTERIM DIVIDEND
10cps(50% imputed)UP FROM
9cps(50% imputed)H1 NPAT
+129%
5.6
+45%
8.2
+38%
11.3
2.5
FY14 FY15 FY16 FY17All financials in NZ Dollars unless stated otherwise (throughout presentation)
All comparisons are against prior corresponding period 3
NZD $M | H1 FY17 | H1 FY16 | VAR | VAR % |
Operating revenue | 146.0 | 133.7 | 12.3 | 9% |
Earnings before interest and tax* | 18.7 | 15.0 | 3.7 | 25% |
Operating profit before tax | 17.7 | 13.7 | 4.0 | 29% |
Profit after tax | 11.3 | 8.2 | 3.1 | 38% |
NPAT growth of 38%.
Rentals NZ achieved $3.7M EBIT, an increase of $3.7M on the pcp.
Tourism EBIT growth of $1.0M or 30% on the pcp.
Rentals Australia 5% rental income growth, 28% EBIT growth on a constant currency basis.
Growth in the underlying US Rentals EBIT of 7%. In NZD terms EBIT is down 2% due to the stronger exchange rate.
Group and Other costs were up $1.3M, due to the ongoing investment in the Mighway and GeoZone new initiatives.
* EBIT excludes joint venture and associates earnings
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THL - Tourism Holding Limited published this content on 21 February 2017 and is solely responsible for the information contained herein.
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