TOURISM HOLDINGS LIMITED INTEGRATED ANNUAL REPORT 2020
Resilience to reset
02 A year of two parts: Financial highlights
- thl at a glance
- Chairman's report
- CEO's report
- We remain future focused
- Our evolving value model
24 Resilience to reset around the world of thl
- - Alternative revenue
- - Domestic tourism
- - Discover Waitomo
36 Reflections on the first eight months
38 Governance year in review
- Divisional reports
- - New Zealand
- - Australia
- - USA
- - Tourism operations
- - thl digital
- - Equity investments
- Directors' statement
- Financial statements
- Independent auditor's report
- Corporate governance
- Board of Directors
- Corporate information
Our crew have continued to deliver in a tough operating environment. Even before the outbreak of COVID-19, we were starting to see macroeconomic pressures and impacts of climate change related to extreme weather events like the Australian bushfires. We discuss our resilience to reset in detail in the following pages and wanted to acknowledge our crew, who have continued to deliver exceptionally well
The Board acknowledges its responsibility to ensure the integrity of the Integrated Report. The Board recognises that integrated thinking has become more critical than ever as we do not only need to survive, but we have to have the right systems in place to thrive again, including the infrastructure, human capital and stakeholder networks. The Board has applied its mind to the Integrated Report and believes that it addresses the most material issues, presents fairly the integrated performance of the organisation and its impacts in accordance with the principles set out in the International Integrated Reporting Council (IIRC) Framework. The Integrated Report has been prepared according to the IIRC guidelines.
The Integrated Report was approved by the Board on 17 September 2020 and is signed on its behalf by:
Rob Campbell | Rob Hamilton |
Chairman | Chair of the Audit Committee |
through these most challenging of times.
A year of two parts
Financial highlights as at 30 June 2020
REVENUE
This year we have chosen to also present the FY20 figures on a first eight months and second four months basis, to provide additional insight into our performance prior to the impact of COVID-19 as well as our performance during the last four months of the financial year.
NET PROFIT AFTER TAX*
TOTAL | 4 MONTHS | 4 MONTHS | |
$401M -5% | to June 2020 | to June 2019 | |
$112.6M | $137.5M | ||
(FY19 $423M) | 8 MONTHS | 8 MONTHS | |
$288.3M | $285.5M | ||
to February 2020 | to February 2019 | ||
EARNINGS BEFORE INTEREST & TAX* | |||
TOTAL | 4 MONTHS | 4 MONTHS | |
$48.6M -22% | to June 2020 | to June 2019 | |
-$4.9M | $5.1M | ||
(FY19 $62.1M) | 8 MONTHS | 8 MONTHS | |
$53.5M | $57.0M | ||
*Inclusive of non-recurring items. | to February 2020 | to February 2019 | |
UNDERLYING NET PROFIT AFTER TAX* | |||
TOTAL | 4 MONTHS | 4 MONTHS | |
$20.0M -28% | to June 2020 | to June 2019 | |
-$5.5M | -$2.5M | ||
(FY19 $27.9M) | 8 MONTHS | 8 MONTHS | |
$25.5M | $30.3M | ||
to February 2020 | to February 2019 |
*Excludes the following non-recurring items:
- a partial Togo exit undertaken in March 2020 which resulted in a one-off gain of $9.3M including tax and foreign exchange benefits.
- tax benefit of $1.1M in the USA.
- the write-off of $3.1M of goodwill attributed to Kiwi Experience.
TOTAL | 4 MONTHS | 4 MONTHS | |
$27.4M -8% | to June 2020 | to June 2019 | |
$1.8M | -$0.6M | ||
(FY19 $29.8M) | 8 MONTHS | 8 MONTHS | |
$25.5M | $30.3M | ||
*Inclusive of non-recurring items. | to February 2020 | to February 2019 | |
VEHICLE SALES QUANTITY | |||
TOTAL | 4 MONTHS | 4 MONTHS | |
2,066 | 0% | 860 | 829 |
to June 2020 | to June 2019 | ||
(FY19 2,059) | 8 MONTHS | 8 MONTHS | |
1,206 | 1,230 | ||
to February 2020 | to February 2019 |
NZ DOMESTIC CAMPAIGN BOOKINGS
TOTAL
~20,000
From 25 May 2020 to 16 August 2020, we confirmed ~20,000 bookings on our 'get moving, to get New Zealand moving' packages.
02 thl Integrated Annual Report 2020 | 03 |
thl at a glance
NEW ZEALAND
Brands:
Equity Investments:
FY20:FY19:
~600 | ~900 |
employees | |
575 | 628 |
vehicles sold | |
76 million | 94 million |
kilometres travelled | |
550,000 | 716,000 |
customer experiences delivered
500,000
visits to our website in the first two weeks of the 'get moving, to get New Zealand moving' campaign
~260
pick ups on the busiest day - 29 May 2020
Brands:
AUSTRALIA
Brands:
FY20:FY19:
~130 | ~150 |
employees | |
591 | 562 |
vehicles sold | |
including buybacks | |
66 million | 74 million |
kilometres travelled | |
60,000 | 74,000 |
customer experiences | |
delivered |
~182
pick ups on the busiest day - 5 June 2020
USA
Brands:
FY20:FY19:
~300 | ~400 |
employees | |
* went down to 240 in | |
March back up to 300 | |
by 30 June 2020 | |
900 | 869 |
vehicles sold | |
50 million | 60 million |
kilometres travelled | |
80,000 | 102,000 |
customer experiences | |
delivered |
~215
pick ups on the busiest day - 4 July 2019
UK
Equity Investments:
FY20:FY19:
~40 | ~90 |
employees | |
262 | 330 |
vehicles sold | |
6,330 | 4,000 |
customer experiences | |
delivered |
~60
pick ups on the busiest day - 18 July 2019
REST OF THE WORLD
JAPAN
Franchise Operation
Brands:
SOUTHERN AFRICA
Franchise Operation
Brands:
04 thl Integrated Annual Report 2020 | 05 |
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THL - Tourism Holding Limited published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 20:44:09 UTC
