Headline revenue1 down 12.1% due to asset sales - but revenue1 from continuing businesses (Main Event and Theme Parks) up 12.7% over the prior corresponding period
Positive constant centre growth of 1.3%2 and new centre growth at Main Event contributed to 25.4% revenue growth (in US dollar terms) but margin adversely impacted by non-constant centre performance and uplift in marketing and corporate overhead
Theme Parks continue to be impacted by Dreamworld incident but showing improving trend in visitation and revenue. Dreamworld achieved a breakeven pro forma EBITDA1 excluding impairment charge and incident-related costs
Chris Morris announced as new CEO of Main Event
Sale of Bowling & Entertainment business for $160m announced in December, with completion expected shortly
Progress made in reducing corporate overheads
Conservative balance sheet to support growth at Main Event and new attractions at Dreamworld with pro forma net cash of c.$19 million following the sale of Bowling & Entertainment
Am Hoping for new rides and Hotel to be built at Dreamworld one day
Hot Trading Hot Capital
AAD Price at posting:
$1.89 Sentiment: None Disclosure: Held
