Apollo Tourism & Leisure : Half Year Report and Financial Statements

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Apollo Tourism & Leisure Ltd

Appendix 4D

Half-year report

1. Company details

	Name of entity:	Apollo Tourism & Leisure Ltd
	ABN:	67 614 714 742
	Reporting period:	For the period ended 31 December 2021
	Previous period:	For the period ended 31 December 2020
	2. Results for announcement to the market
only				$'000
down	11.7%	to	141,579
	Revenues from ordinary activities
	Loss from ordinary activities after tax attributable to the owners of
	Apollo Tourism & Leisure Ltd	down	71.1%	to	(2,176)
	Lo	for the period attributable to the owners of Apollo Tourism &
	Lei ure Ltd	down	71.1%	to	(2,176)
use		December	December
		2021	2020
				Cents	Cents
	B	sic loss per share			(1.17)	(4.05)
	Diluted loss per share			(1.17)	(4.05)
personalNet tangible assets per ordinary security

Comments

The loss for the Consolidated Entity after providing for income tax amounted to $2,176,000 (31 December 2020: $7,539,000).

An explanation of these figures is contained in 'Review of operations' included within the Directors' report in the attached Interim Financial Report.

3. Net tangible assets

Net tangible assets calculations above include the right-of-use assets.

For4. Dividends

Current period

There were no dividends paid, recommended or declared during the current financial period.

Previous period

There were no dividends paid, recommended or declared during the previous financial period.

Apollo Tourism & Leisure Ltd

Appendix 4D

Half-year report

5. Details of associates and joint venture entities
only			Contribution to
Reporting entity's	(loss)/profit (where
percentage holding	material)
	Reporting	Previous	Reporting	Previous
	period	period	period	period
Name of associate / joint venture	%	%	$'000	$'000
Camplify Holdings Limited (previously Camplify Co
(Australia) Pty Ltd)	17.79%	24.95%	(499)	7
Group's aggregate share of associates and joint venture
use
ntities' (loss)/profit (where material)
(Loss)/profit from ordinary activities before income tax			(499)	7

6. Foreign entities

Details of origin of accounting standards used in compiling the report:

Results for all international operations have been calculated using International Financial Reporting Standards.

personal7. Audit qualification or review

Details of audit/review dispute or qualification (if any):

The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.

8. Attachments

Details of attachments (if any):

The Interim Report of Apollo Tourism & Leisure Ltd for the period ended 31 December 2021 is attached.

9. Signed

For	Date: 25 February 2022
Signed ___________________________
Garry Gill
C mpany Secretary
Brisbane

onlyApollo Tourism & Leisure Ltd

ABN 67 614 714 742

useInterim Report - 31 December 2021 personalFor

Apollo Tourism & Leisure Ltd Corporate directory

31 December 2021

Directors

onlyCompany secretary Registered office Principal place of business Share register

useAuditor

Primary Lawyers (Australia)

Primary Bankers (Australia)

Stock exchange listing

Website

personalCorporate Governance Statement For

Sophia (Sophie) Mitchell, Non-executive Chairman. Brett Heading, Non-executive Director.

Robert Baker, Non-executive Director.

Luke Trouchet, Managing Director and Chief Executive Officer. Karl Trouchet, Executive Director - Strategy and Special Projects.

Tennille Carrier and Garry Gill (Joint Company Secretary).

698 Nudgee Rd, Northgate QLD 4013.

698 Nudgee Rd, Northgate QLD 4013.

Computershare Investor Services Ltd.

BDO Audit Pty Ltd.

Jones Day and Hamilton Locke.

National Australia Bank Limited.

Apollo Tourism & Leisure Ltd shares are listed on the Australian Securities Exchange (ASX code: ATL).

http://www.apollotourism.com/.

http://www.apollotourism.com/corporate-governance/.

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Apollo Tourism & Leisure Ltd Directors' report

31 December 2021

The Directors present their report, together with the financial statements, on the consolidated entity (referred to as the 'Consolidated Entity', 'Apollo' or the 'Group') consisting of Apollo Tourism & Leisure Ltd (referred to as the 'Company' or 'parent entity') and the entities it controlled at the end of, or during, the period ended 31 December 2021.

onlyDirectors

The following persons were Directors of Apollo Tourism & Leisure Ltd during the whole of the financial period and up to the date of this report, unless otherwise stated:

Sophie Mitchell, Non-executive Chairman.

Brett Heading, Non-executive Director.

R bert Baker, Non-executive Director.

Luke Trouchet, Managing Director and Chief Executive Officer.

Karl Trouchet, Executive Director - Strategy and Special Projects.

usePrincipal activities

Apollo is an ASX listed, multinational, rental fleet operator, vertically integrated manufacturer, wholesaler and retailer of a broad range of RVs, including motorhomes, campervans and caravans.

During the year, Apollo's rental activities were generated from locations across Australia, New Zealand, North America (Canada) and Europe (United Kingdom, Ireland and Germany). Sales of new and used motorhomes and caravans are made through a combination of established dealer networks and retail shopfronts. The Australian manufacturing entity produces the majority of units used by the rental operations in Australia and New Zealand. All North American and European rental vehicles are purchased direct from third party vehicle manufacturers. In addition, the Australian

personalmanufacturing entity produces a range of retail motorhomes and caravans under the Winnebago, Windsor and Coromal br nds, which are sold through Apollo's retail sales network.

In June 2020, the USA rental operations were put into hibernation as a result of COVID-19 and the country's entire rental fleet was sold with all associated debt fully repaid. The USA operations continue to be in hibernation.

There have been no significant changes in the nature of these activities during the period.

Dividends

There were no dividends paid, recommended or declared during the current or previous financial period.

Review of operations

The loss for the Consolidated Entity after providing for income tax amounted to $2,176,000 (31 December 2020: $7,539,000).

The Company's operating and financial performance is closely linked with the general economy and more specifically, the travel and tourism industry. The COVID-19 pandemic continues to significantly impact the Group as a result of, among other things:

● unprecedented government-imposed travel restrictions globally,

● "shut down" requirements imposed by governments, which impact travel-related businesses, and ● consumer cautiousness associated with travel, and particularly isolation requirements.

ForDuring the period the Company continued to execute its COVID-19 response plan, focusing on the health and safety of guests, customers and staff, business continuity planning and liquidity measures.

Group financial results

Statutory net loss after tax (NLAT) decreased from the prior period, to a loss of $2,176,000 (31 December 2020: loss of $7,539,000). Statutory net loss before tax also decreased from the prior year, to a loss of $3,930,000 (31 December 2020: loss of $10,228,000). The Group's operations continued to be significantly impacted by the COVID-19 pandemic.

Operating results by segment

In addition to using NLAT as a measure of the Group and its segments' financial performance, Apollo uses EBIT. This measure is not defined under accounting standards and is, therefore, termed a "Non-IFRS" measure. EBIT is defined as earnings before net interest and tax. This non-IFRS measure is commonly used by management, investors and financial analysts to evaluate a company's performance. Statutory EBIT for the Group was $980,000 compared to a loss of $4,931,000 in the prior period. EBIT for the Group excluding merger costs of $874,000 was $1,854,000.

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