Experience Co Limited Announces Consolidated Earnings Results for the Year Ended June 30, 2018; Provides Earnings Guidance for the Fiscal Year 2019
August 29, 2018 at 03:39 am IST
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Experience Co Limited announced consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of AUD 135.3 million against AUD 89.6 million a year ago. Normalized EBITDAI was AUD 30.2 million against AUD 22.4 million a year ago. Revenue and EBITDAI has increased due to full year contribution from Raging Thunder Adventures (acquired October 2016) and Reef Magic Cruises (acquired May 2017), and also due to the acquisitions of Great Barrier Reef Helicopters, Big Cat Green Island Reef Cruises, and Tropical Journeys at the end of first half of 2018. EBITDAI was AUD 37.15 million. Profit before income tax was AUD 10.32 million compared to AUD 13.568 million a year ago. Net profit for the year was AUD 6.785 million against AUD 9.482 million a year ago. Total comprehensive income for the year was AUD 5.706 million against AUD 9.316 a year ago. Diluted earnings per share was 1.31 cents against 2.18 cents a year ago. Net cash provided by operating activities was AUD 14.842 million against AUD 12.640 million a year ago. Purchase of property, plant and equipment was AUD 23.402 million against AUD 18.754 million a year ago.
The company provided earnings guidance for the fiscal year 2019. For the period, the company expects total revenue to be in the range of AUD 165 million to AUD 175 million and normalized EBITDAI to be in the range of AUD 37 million to AUD 41 million. Its fiscal year 2018 forecast includes a full 12-month contribution from GBR Helicopters (8 months contribution in fiscal year 2018), Big Cat Green Island (6.5 months contribution in fiscal year 2018), and Tropical Journeys (6.5 months contribution in fiscal year 2018), and improved organic growth, operating efficiencies and cost synergies. The company expects Capex to be AUD 16 million.
Experience Co Limited is an Australia-based adventure tourism company. The principal activities of the Company are the provision of adventure tourism and leisure experiences. The Companyâs segments include Skydiving, Adventure Experiences, and Corporate. The Skydiving segment comprises tandem skydive and related products, with ancillary aircraft maintenance activities. The Adventure Experiences segment comprises tours to the Great Barrier Reef and Daintree region, high rope and zipline aerial activities, and nature-based walking and lodge-experiences. Its experiences include skydiving, island day trips, reef tours, rainforest tours, multi-day experiences and tree ropes and ziplining. Its island brands include Fitzroy Island Adventures, Big Cat Green Island Reef Cruises, and Calypso Low Isles. Its multi-day experiences include The Maria Island Walk, The Arkaba Walk, Arkaba Conservancy, and Bamurru Plains. Its reef tour brands include Dreamtime Dive & Snorkel, Reef Magic, and others.
EXPERIENCE CO LIMITED 
