VILLAGE ROADSHOW FY17 RESULTS
24 AUGUST 2017
VRL FY17 TELECONFERENCE DETAILS
24 AUGUST 2017 2:00 PM AEST CONFERENCE ID: 354993 In order to pre-register for this conference and avoid a queue when calling, please follow the link below.You will be given a unique pin number to enter when you call which will bypass the operator and give you immediate access to the event. http://villageroadshow.com.au/investors/corporate-diary/teleconferences
If unable to register, call one of the numbers below at the time of the conference and provide the conference ID 354993 to an operator:
Australia Toll Free: | 1800 908 299 | Australia Alt. Toll Free: | 1800 455 963 | ||
Australia Local: | +61 2 9007 8048 | Australia Alt. Local: | +61 7 3145 4005 | ||
New Zealand Toll Free: | 0800 452 795 | Hong Kong Toll Free: | 800 968 273 | Singapore Toll Free: | 800 101 2702 |
Auckland Local: | +64 9 929 3905 | India Toll Free: | 000 800 100 8070 | South Africa Toll Free: | 0800 984 013 |
Canada/USA Toll Free: | 1855 624 0077 | Indonesia Toll Free: | 007 803 321 8057 | Switzerland Toll Free: | 0800 802 498 |
China Toll Free: | 1080 0140 1776 | Ireland Toll Free: | 1800 948 607 | Taiwan Toll Free: | 0080 112 7377 |
France Toll Free: | 0800 913 734 | Japan Toll Free: | 0066 3386 8000 | UAE Toll Free: | 8000 3570 2706 |
Germany Toll Free: | 0800 183 0918 | Malaysia Toll Free: | 1800 816 441 | UK Toll Free: | 0800 051 1453 |
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VRL FY17 RESULTS
VRL OFFSETTING THEME PARKS HEADWINDS THAT COULD NEVER HAVE BEEN CONTEMPLATED
VRL FY17 RESULTS | 3
FY17 - THEME PARKS IMPACTED BY TRAGEDY AT DREAMWORLD
The overarching impact on FY17's trading was the tragedy that occurred at Dreamworld in October 2016
Management could never have contemplated such an event
The odds of this happening have been estimated as hundreds of millions to one
Although not in a VRL park, unprecedented publicity resulted in broad based community concerns about safety of rides, impacting the earnings of both Gold Coast and Sydney theme parks1
Based on overseas experience this will of course dissipate, but VRL is implementing dynamic initiatives led by recently appointed Theme Parks CEO, Clark Kirby, that will accelerate this correction
1FY17 attendance at the Gold Coast parks (Warner Bros. Movie World, Wet'n'Wild, Sea World, Paradise Country and Australian Outback Spectacular) was down 8.6% compared to FY16. Additionally, membership renewals declined markedly following the tragedy but have since stabilised, albeit at lower levels. The combined impact on attendance and membership renewals resulted in a decline in both in-park and admissions revenue.
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VRL FY17 RESULTS
Village Roadshow Limited published this content on 24 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 07:42:04 UTC.
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