Resorttrust : Financial results Presentation For the 6-month Period Ended September 30, 2020

Financial results Presentation

For the 6-month Period Ended September 30, 2020

"Yokohama Baycourt Club Hotel & Spa Resort" opened on September 23, 2020

Resorttrust, Inc. （Securities code 4681）

Contents

• Highlights of 2Q FY2020, Segment Results and BS/CF
• Operation Policies, COVID-19 Countermeasures, Overview of FY2020, Group's Development Schedule and sales inventories
• Mid-termManagement Plan "Connect 50"
• Our group's ESG Outline
• References

1. 2-11P. 12-17

1. 18-19P. 20-21 P. 22-30

1

Financial Highlights 2Q FY2020

(April to September)

			(Million yen)
	2020/9	2019/9	YoY
	(results)	(results)	Difference
Net Sales	86,276	84,197	+2.5%
Operating Income	9,980	8,501	+17.4%
Ordinary Income	11,159	8,750	+27.5%
Net Income	5,696	5,499	+3.6%

•The declaration of a state of emergency, subsequent closure of facilities, self-restraint from personal consumption due to the spread of COVID-19 largely impacted various businesses including hotel operation, membership sales, and operation of health checkup facilities. In the second quarter, however, real estate profits that had been deferred were realized as YOKOHAMA BAYCOURT CLUB opened, sales activities centered on membership businesses remained resilient even in the midst of the COVID-19 crisis, and occupancy rates at membership hotels got on a recovery track. In addition, there followed support from the "Go to Travel Campaign." As a result, the Company recorded higher sales, higher operating income, higher ordinary income, and higher net income.

•In light of these circumstances, we have announced 『Notice of Revision of the Financial Results Forecast, Payment of a Dividend of Surplus (Interim Dividend), and Revision of the Dividend Forecast』 in a press release dated today, November 10, 2020.

*Income attributable to owners of parent is labelled as "Net income" in this document.

2

Segment Sales and Operation Income 2Q FY2020

						(April to September)
							(Million yen)
		Membership	Hotel and	Medical	Other		Total
		Restaurant
2020/9 (results)		42,036	25,143	18,764	333		86,276
2019/9 (results)		22,164	42,167	19,532	332		84,197
YoY Change		89.7%	(40.4%)	(3.9%)	+0.1%		+2.5%
							(Million yen)
		Membership	Hotel and	Medical	Other	Overhead	Total
		Restaurant	expenses
2020/9 (results)		14,390	(3,181)	2,515	254	(3,998)	9,980
2019/9 (results)		8,147	1,478	3,040	255	(4,420)	8,501
YoY Change		+76.6%	(4,659)	(17.3%)	(0.4%)	+421	+17.4%
						"YoY Change" is
						the difference in
						the amount.
<>：EBITDA	>						(Million yen)
		Membership	Hotel and	Medical	Other	Overhead	Total
		Restaurant	expenses
2020/9 (results)		14,412	(761)	3,345	415	(3,053)	14,359
2019/9 (results)		8,171	4,515	3,840	422	(3,423)	13,527
YoY Change		+76.4%	(5,276)	(12.9%)	(1.7%)	+370	+6.2%
						"YoY Change" is
*Segment operating income before depreciation (=EBITDA) is calculated as the sum of operating income,	the difference in
depreciation and Amortization of goodwill.				the amount.

3