Event Hospitality & Entertainment : Ord Minnett Leisure, Tourism & Gaming Conference
March 24, 2022 at 04:28 am EDT
Share
ersonal use only
Ord Minnett Leisure,
Tourism & Gaming
Conference
24 March 2022
ersonal use only
Strategic priorities
only
useHOSPITALITYENTERTAINMENT&
Grow revenue above market
EVENT
Agile COVID-safe operations
ersonal
Enhanced brands and pricing models
Experience innovation and expansion
3
Maximise assets
Divestment strategy
Targeted investment in core assets
Progress major developments
Business transformation
Insight led customer experience enhancement
Innovative customer and operating technology
ELEVATE People, Social, Environment
onlyuse ersonal4
Property portfolio
~$2 billion
Click to add text
onlyuseENTERTAINMENT& HOSPITALITYEVENT ersonal5
Property
$2 billion
property portfolio
$194.4 million
proceeds from divestments
Future growth
strong progress on key projects
Value created
$7m Thredbo bed rights revenue
1
Property strategy
Owner of operating assets, principally
hotels, and other properties that have
potential to be developed into an operating
asset.
Divestment of non-core property strategy
announced in 2021 and on-track to realise
targeted pre-tax proceeds of $250 million.
3 Key asset upgrades
Rydges Melbourne closed for refurbishment and expansion of conference facilities, reopening mid 2023.
QT Gold Coast remains open during refurbishment of rooms, conferencing, and creation of new revenue-generating areas.
Cinema of the Future upgrades of
Chermside and Innaloo in progress.
2
4
Major developments
525 George Street progressing well, stage
2 DA submission in June 2022. Sales agent in the process of being appointed for residential market process. Construction estimated to commence FY24.
458-472 George Street commercial office tower stage 1 DA submitted for approval.
Other developments
Strategy to unlock unutilised bed rights in Thredbo, revenue of $7 million in H1. Thredbo development projects underway.
Jucy Snooze Auckland to open in 4th quarter of calendar year.
Stepped acquisition of Rydges Latimer Christchurch from 16% to 70% (currently) and 100% (2023).
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Event Hospitality and Entertainment Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 00:07:03 UTC.
EVT Limited is an Australia-based company, which is engaged in the entertainment, ventures and travel business. The Company operates through five segments: Entertainment, Entertainment Germany, Hotels and Resorts, Thredbo Alpine Resort and Property and Other Investments. The Entertainment segment includes cinema exhibition operations in Australia and New Zealand, technology equipment supplies and servicing, and the State Theatre. The Entertainment Germany segment includes the cinema exhibition operations in Germany. The Hotels and Resorts segment includes the ownership, operation and management of hotels in Australia and New Zealand. The Thredbo Alpine Resort segment includes all the operations of the resort, including property development activities. The Property and Other Investments segment includes property rental, investment properties and investments designated at FVOCI.