Investor Presentation - PowerPoint PPT Presentation

Loading...

PPT – Investor Presentation PowerPoint presentation | free to download - id: 4bac31-Mjc4M



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Investor Presentation

Description:

Investor Presentation Information for Professional Investors - please see Disclaimer Presentation Online Travel Internationally The Webjet Model Webjet Results ... – PowerPoint PPT presentation

Number of Views:50
Avg rating:3.0/5.0
Slides: 28
Provided by: INTERSUIS6
Learn more at: http://www.webjet.com.au
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Investor Presentation


1
Investor Presentation
Information for Professional Investors - please
see Disclaimer
2
Presentation
  • Online Travel Internationally
  • The Webjet Model
  • Webjet Results and Forecasts
  • Base Forecast
  • Gulf Impact
  • Margin Improvement
  • Capital Raising
  • Why Invest?

3
Online Travel is Growing at Four Times Normal
Travel
  • The worldwide online travel market
  • is growing at 30 per annum.
  • The value of U.S. online travel will grow from
    US25 billion in 2001 to around US65 billion by
    2005.

Source PhoCus Wright
4
US Online Travel to grow from 12 to 26 by 2005
5
International Comparisons2002 v 2001 Results
  • Expedia US/EU
  • Gross Sales 5.3B up 82
  • Net income 66M v 21M loss
  • Hotels Sales up 156 and tour packages up 170
  • Ebookers EU
  • Gross Sales 273M up 52
  • Net loss 12M v 26M loss - halved
  • Hotels Sales up 124 and tour packages up 163

6
Overseas Travel Stocks Expedia (US) and
ebookers (EU)
Sept 11
Gulf

7
Expedia Outperforms the Dow Jones
8
Webjet Model
  • Pure online travel company
  • Local version of high growth overseas players
  • Low cost base allows revenue growth to flow to
    bottom line
  • Strategic Galileo alliance and shareholding
    ensures access to air inventory
  • Broadening base into high growth hotel and tour
    package sales

9
Webjet Broadening Distribution
  • Hotels
  • Launching Bookabed website
  • Worldres relationship
  • Galileo/Cendant relationship
  • Travel Industry
  • White Label other Travel Brands
  • Technology
  • Dynamic Packaging
  • Galileo/Microsoft relationship

10
Online Travel Stocks - Australia
Gulf
11
Gulf War Impact Sales AM
Defensive earnings base 65 Webjet sales are
domestic travel
12
Financial Scenarios
  • Scaleable Model
  • Base Line
  • Gulf Impact
  • Margin Improvement
  • What If Graph
  • Impact New Land Arrangements

13
Scaleable Business Model
20
18
16
Net Revenue
14
Total Expenses
m p.a
12
10
Net Profit
8
6
4
2
2002
2003
2004
2005
Financial Year
14
Base Line - What If Scenario
Calendar Years 1H 02 2H 02 1H 03 2H 03 1H 04
Gross Transaction Value (Qtr to Qtr Growth) 8.9m 9.8m 15m 20m 30m

Income 0.6m 0.7m 1.1m 1.4m 2.1m
Expenses (net of interest income) 1.6m 1.5m 1.4m 1.5m 1.6m
Net Profit/ (Loss) (1.0m) (0.8m) (0.3m) (0.1m) 0.5m
Net. Op. Cash Flow (0.4m) (0.9m) (0.4m) (0.3m) 0.4m
15
Gulf Impact - What If Scenario
Calendar Years 1H 02 2H 02 1H 03 2H 03 1H 04
Gross Transaction Value (Qtr to Qtr Growth) 8.9m 9.8m 11.4m 20m 30m

Income 0.6m 0.7m 0.8m 1.4m 2.1m
Expenses (net of interest income) 1.6m 1.5m 1.3m 1.5m 1.6m
Net Profit/ (Loss) (1.0m) (0.8m) (0.5m) (0.1m) 0.5m
Net. Op. Cash Flow (0.4m) (0.9m) (0.6m) (0.3m) 0.4m
  • Assumes Gulf War Impact on Travel Limited to
    First Half 2003

16
Margin Improvement - What If Scenario
Calendar Years 1H 02 2H 02 1H 03 2H 03 1H 04
Gross Transaction Value (Qtr to Qtr Growth) 8.9m 9.8m 15m 20m 30m

Income 0.6m 0.7m 1,1m 1.6m 2.4m
Expenses (net of interest income) 1.6m 1.5m 1.4m 1.5m 1.6m
Net Profit/ (Loss) (1.0m) (0.8m) (0.3m) 0.1m 0.8m
Net. Op. Cash Flow (0.4m) (0.9m) (0.4m) (0.1m) 0.7m
  • Assumes that Margin Improvement first reflects
    in 2H 03
  • and is sustainable
  • Expected higher margins from tour package and
    hotel sales in 1H 04
  • excluded, as is any development cost

17
What If Scenarios
18
Broader Land Distribution - What If Scenario
Calendar Years 1H 03 2H 03 1H 04 2H 04 1H 05
Existing Business Mix New Land Arrangements 15m 20m 30m 35m 4m 40m 8m
Total Gross Turnover 15m 20m 30m 39m 48m
Income 1.1m 1.4m 2.1m 2.8m 3.5m
Expenses (net of interest income) 1.4m 1.5m 1.6m 1.9m 1.9m
Net Profit/ (Loss) (0.3m) (0.1m) 0.5m 0.9m 1.6m
Net. Op. Cash Flow (0.4m) (0.3m) 0.4m 0.8m 1.4m
  • Assumes Aggregate Impact of New Land
    Arrangements
  • Bookabed, Galileo/Cendant,Dynamic Packaging
  • Land Margins of 8
  • Tapering Off of Existing Business Growth Rates
  • TSA Platform estimated cost of 2M amortised
    over 5 years

19
Broader Land Distribution - Next 2 Years What If
Gross Sales Axis
Net Profit Axis
Breakeven
20
Capital Raising
  • Raising 3.6M
  • Galileo contributing 1.8M to grow their
    shareholding from 4 to 20
  • Webjet will raise 1.8M via Institutional
    placement and Shareholder Purchase Plan (SPP -
    underwritten by Intersuisse).
  • Webjet has completed arrangements for 1.0M
  • Price 5 cents per share
  • SPP closes 24 April 2003

21
Funds to be Used For
  • Strengthen Balance Sheet - 1.8M
  • Microsoft (MS) Development - 1.8M
  • MS Dynamic Packaging Development
  • Overseas Growth Model
  • Higher Margins from Hotels and Tour Packaging
  • E.g margins of 8-10 v 7-8 on Air
  • To be completed at MS Development Center in
    Sydney
  • By early 2004

22
Galileo
  • Wholly owned subsidiary of Cendant Corp
    (NYSECD). Market Cap 14 Billion.
  • Has market share of one third of all automated
    travel reservations worldwide. Competitors are
    Sabre/Amadeus
  • Galileo provides 45,000 travel agents access
    bookings for
  • 501 airlines
  • 31 car rental companies
  • 51,000 hotel properties
  • 400 plus tour operators and all major cruise
    lines.

23
Cendant Travel Services
24
Significance of Galileo to Webjet
  • Ability to leverage off Galileos global
    footprint.
  • Offers a superior booking interface, with
    increased reservation capacity and functionality.
  • Access to Cendant Group companies such as Avis,
    Budget, Best Western Hotels and RCI timeshare.
  • Establishes Webjet as launch partner in Australia
    for Galileos Trip.com business, offering cross
    referral of customers and products.

25
Attractions of the Webjet Model
  • Proven Sustainable Business Model
  • Overseas Online Travel Parallels to follow
  • Online travel model is here to Stay
  • Webjet is the Australian Market Leader
  • Scaleable model - High Growth at low Marginal
    Cost
  • Improving Margins
  • Distribution Base Improving Industry
    Rationalising
  • Move into Dynamic Packing with Microsoft/Galileo

Information for Professional Investors - please
see Disclaimer
26
Appendix - 20 Largest Shareholders Pre-Funding
Name Number of Ordinary Shares Held
Mr Steven Scheuer 29,399,143 19.69
Capstan Nominees Pty Ltd 7,610,000 6.14
Mr John Lemish 5,088,350 4.11
Southern Cross Distribution Systems Pty Ltd 5,000,000 4.04
Ms Angela Knell 4,185,481 3.38
Mr David Clarke 3,984,444 3.22
Denlie Pty Ltd 2,271,801 1.83
ANZ Nominees Limited 2,091,500 1.69
Mr Rhett Gary Harris 2,069,752 1.67
Wellington Custodians Pty Ltd 1,793,778 1.45
King-Eng Tan 1,770,147 1.43
Obelisk Nominees Limited 1,664,171 1.34
Kasko Pty Ltd 1,300,000 1.05
Brincliff Pty Ltd 1,258,433 1.02
Mrs Karina Harris 1,177,796 0.95
Turelin Nominees Pty Ltd 1,144,815 0.92
Mr David and Mrs Diane Bowen 1,000,000 0.81
Mr Robert Karl Stahl 983,064, 0.79
Ms Suzanne Kay Arnall 930,000 0.75
Muzzledick DSL Pty Ltd 925,000 0.75
70,647,675 57.03
27
Directors and Management
  • Allan Nahum Chairman, Current Partner
    Meyrick Webster
  • David Clarke MD, former CEO Jetset
    Travel
  • Ben Lochtenberg Deputy Chairman former
    Chairman, Orica Ltd
  • John Lemish Operations Director, 20
    yrs travel industry experience
  • Steven Scheuer Non Exec Director
  • Dean Maidment Business Development Mgr
  • Richard Noon - Corporate Affairs, 25 yrs
    travel
About PowerShow.com