CineStar Business Update
Outlook for FY23
Strong Q1 Start
1
Entertainment
• Q1 EBITDA $10m, +$20.7m on PY and
+112.8% on pre-COVID FY19.
• AVATAR success is important.
•
Expect less films in H2 due to COVID
related studio delays.
• Benefits from new operating model.
•
Energy cost pressures, especially
in Germany.
2
•
•
Hotels
Q1 EBITDA $21.3m, +$27.8m PY and
+5.7% on pre-COVID FY19.
Rydges Melbourne closed,
partially re-opens in Q4.
• Q1 growth in rate and
occupancy, airline capacity constraints
impacting
International market recovery.
Potential pathway back
to FY19 revenue
3
Thredbo
•
10
• Q1 record revenue $74.3m, + 282.1%
on PY and +27.7% pre-COVID FY19.
• Q1 record EBITDA $42.3m, +914.5%
PY and +41.7% on pre-COVID FY19.
• Better customer experience.
•
• Summer expected to be relatively
in-line with prior year, subject
to weather.
ENTERTAINMENT | VENTURES | TRAVEL
4
Other
•
•
Property segment below prior year due
to successful divestments.
• Capital expenditure estimated at
~$120m $150m.
•Headwinds from energy costs
but other pressures being
well managed.View entire presentation