Wonderla Holidays Limited has informed the Exchange regarding Investor Presentation
Q3 & 9M FY20 RESULT UPDATE January 2020
• Q3 & 9M FY20 RESULT HIGHLIGHTS
• Q3 & 9M FY20 PORTFOLIO UPDATE
• AMUSEMENT PARK, BANGALORE
• RESORT, BANGALORE
• AMUSEMENT PARK, KOCHI
• AMUSEMENT PARK, HYDERABAD
• FINANCIALS
• COMPANY OVERVIEW
2
Q3 & 9M FY20 RESULT HIGHLIGHTS
REVENUES
760.5
700.1
Q3 FY20 YoY Analysis
EBITDA & EBITDA MARGIN
39.1%
297.7
35.6%
249.6
7.9%
16.2%
In Rs Mn
CASH PAT, PAT & PAT MARGIN
19.1%
30.0%
315.0
243.7
210.3
145.2
29.3%
44.9%
40. 0%
35. 0%
30. 0%
25. 0%
20. 0%
15. 0%
10. 0%
5.0 %
0.0 %
Q3 FY19
Q3 FY20
Q3 FY19
Q3 FY20
Q3 FY19
Q3 FY20
REVENUES
EBITDA & EBITDA MARGIN
CASH PAT, PAT & PAT MARGIN
9M FY20 YoY Analysis
PAT
Cash PAT
PAT Margin %
2,212.3
2,284.5
43.5%
963.2
43.3%
990.3
3.3%
2.8%
21.9%
780.6
27.7%
946.4
484.3
632.2
30.5%
21.2%
9M FY19
9M FY20
9M FY19
9M FY20
9M FY19
9M FY20
PAT
Cash PAT
PAT Margin %
3
Q3 FY20 RESULT HIGHLIGHTS
FINANCIAL UPDATE
▪ Q3 FY20 Revenue from operations seen at Rs 700.12 mn impacted majorly by 5.3% YoY decline in footfalls attributable to poor
consumer sentiment & reduced discretionary spends, and 2.6% YoY reduction in avg. revenue per visitor
▪ Q3 FY20 ticket revenue reduced by 10% YoY and non-ticket revenue reduced by 3% YoY
▪ Kochi park witnessed 1.2% YoY growth in avg. ticket revenue, 4.8% YoY growth in avg. non-ticket revenue and 2% YoY growth in
footfalls.
▪ Hyderabad park witnessed 8.6% YoY reduction in avg. ticket revenue, avg. non-ticket revenue was flat and 9% YoY growth in
footfalls.
▪ Bangalore park witnessed 2.2% YoY reduction in avg. ticket revenue, 6.7% YoY growth in avg. non-ticket revenue and 22% YoY
reduction in footfalls.
▪ Q3 FY20 EBITDA at Rs 250 mn, down by 16% YoY. EBITDA margin at 36% in Q3 FY20 vs 39% in Q3 FY19
▪ Q3 FY20 PAT increased by 45% YoY from Rs 145.2 mn to Rs. 210.3 mn. PAT margin increased from 19% in Q3 FY19 to 30% in Q3 FY20 on account of exceptional item. The company has opted to avail Sabka Vikas (Legacy Dispute Resolution) Scheme, 2019 announced by the Government of India in Sept. 2019. As per this scheme, the company will get relief ranging from 40% to 70% of the disputed service tax demands and full waiver of interest and penalty thereon. Accordingly, the payments made during the current quarter towards settlement of these pending litigations under the scheme and the earlier payments made under protest have been adjusted against the provision and the excess balance as per the books has been reversed as income during the quarter ending 31st Dec. 2019.
▪ Q3 FY20 Cash PAT (PAT + depreciation) increased by 29% YoY from Rs. 244 mn to Rs 315 mn, indicating continued generation of
healthy operating cash flows which will be employed for upcoming projects
4
Q3 FY20 RESULT HIGHLIGHTS
NEW PROJECTS UPDATE
▪ Chennai : The Company has acquired 64 acres of land for the new Amusement Park project in Kelambakkam in Chennai. The Government of Tamil Nadu has given exemption to the Company from levy of Entertainment Tax under Tamil Nadu Local Authority Entertainment Tax Act for a period of 5 years commencing from 1st November 2019. Consequently, the Company shall be commencing construction of the Chennai Project soon, subject to necessary Project approvals by the Authorities. The Company is in the process of getting project approval from the Tamil Nadu Single Window Guidance Bureau.
▪ Odisha : We have received an offer from the Government of Odisha for setting up an amusement park. The land will be given on a long-term lease and our strategy is to develop asset light amusement park at an estimated cost of Rs.100 crores. This model will enable us to offer entry ticket at affordable rates. The board has approved the proposal after evaluating the feasibility and decided to proceed with the project.
▪ Means of Finance : The above projects will be funded through internal accruals and term loans.
5
Q3 & 9M FY20 REVENUE ANALYSIS
SERVICES VS. PRODUCTS
PORTFOLIO BREAKUP
760.5
700.1
2,212.3
2,284.5
25.6%
26.7%
23.5%
23.5%
74.4%
73.3%
76.5%
76.5%
4%
26.1%
28.2%
41.7%
760.5
700.1
2,212.3
2,284.5
3.9%
29.0%
31.9%
35.2%
3.9%
26.5%
24.3%
45.3%
3.9%
26.9%
27.7%
41.5%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Services
Products
Park - Bangalore
Park - Kochi
Park - Hyderabad
Resort - Bangalore
In Rs Mn
TICKET VS. NON-TICKET
TOTAL FOOTFALLS (In ‘000)
760.5
700.1
2,212.3
2,284.5
29.2%
30.7%
27.6%
27.8%
1,937.2
1,976.0
70.8%
69.3%
72.4%
72.2%
760.4
720.0
5.3%
2%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Ticket
Non-Ticket
6 6
Q3 & 9M FY20 REVENUE ANALYSIS
AVG. REVENUE PER VISITOR (PARKS) (In Rs) *
AVG. TICKET REVENUE PER VISITOR (PARKS) (In Rs)
959.5
934.3
1,097.8
1,110.8
707.8
673.8
826.6
834.3
2.6%
1.2%
4.8%
0.9%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
AVG. NON-TICKET REVENUE PER VISITOR (PARKS) (In Rs)
BREAK-UP OF NON-TICKET REVENUE (PARKS + RESORT) (In Rs Mn) *
251.7
260.5
3.5%
271.2
276.5
2%
5.5% 13.9%
34.5%
46.1%
5.6% 12.8%
33.5%
7.3% 14.1%
36.0%
7.4% 14.1%
35.0%
48.1%
42.6%
43.5%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
* Includes sale of services, sales of products & other operating income.
Q3 FY19
Q3 FY20
9M FY19
Restaurants
Products
Resort
9M FY20 Others
Q3 FY15
7 7
8
PORTFOLIO UPDATE – AMUSEMENT PARK, BANGALORE
•
Launched in 2005 by the name ‘Wonderla’
• Wonderla Bangalore is located off the Bangalore-Mysore highway, 28
km from Central Bangalore
•
•
•
•
Situated on 81.75 acres of land with 61 land and water based attractions and other allied facilities
5 company-operated restaurants offering various cuisines
The park has won 13 awards since inception
Launched Wave Rider - A family ride imported from Italy, it has a cabin wherein the riders stand at both sides. Cabin rotates on a pivot giving the riders an experience of surfing through waves. The ride has a capacity of 12 persons at a time with a duration of 2 minutes per ride.
Q3 FY20
Q3 FY19
YoY %
LOCATION
BANGALORE
Total Revenues (Rs Mn) *
No of Visitors (In ‘000)
Avg. Revenue Per Visitor (Rs)
246.4
225.9
1,091
316.8
290.4
1,090.8
-22%
-22%
-
9M FY20
9M FY19
YoY %
Total Land Available (In Acres)
Developed Land (In Acres)
Land Availability for Future development (In Acres)
Total Revenues (Rs Mn) *
No of Visitors (In ‘000)
947.7
764.5
1,001.9
837.8
Avg. Revenue Per Visitor (Rs)
1,239.6
1,195.9
* Includes sale of services, sales of products & other operating income.
-5%
-9%
4%
Total No of Rides
No of Wet Rides
No of Dry Rides
81.7
39.2
42.5
61
21
40
9
BANGALORE PARK – REVENUE & FOOTFALL ANALYSIS
AVG. TICKET REVENUE PER VISITOR (In Rs)
AVG. NON-TICKET REVENUE PER VISITOR (In Rs)
828.7
810.9
917.0
949.5
2.2%
3.5%
262.2
6.7%
279.8
278.9
290.2
4%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000)
FOOTFALLS – REGIONWISE BREAKUP (‘000)
290.4
225.9
837.8
764.5
46.2%
53.8%
51.4%
48.6%
25.0%
75.0%
27.3%
72.7%
290.4
225.9
837.8
764.5
3.8% 3.4% 10.5%
71.4%
10.9%
3.6% 4.3%
10.4%
69.9%
11.8%
3.4% 3.2% 10.4%
78.0%
5.1%
4.0% 4.7% 13.7%
72.1%
5.5%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Walk-in
Group
Kerala
Karnataka
Tamil Nadu
Andhra Pradesh
Others
10
PORTFOLIO UPDATE – WONDERLA RESORT, BANGALORE
•
•
•
•
•
Three Star leisure resort attached to the amusement park; launched in March 2012
The resort has 84 luxury rooms
The resort also has 4 banquet halls / conference rooms, totalling 8,900 sq. ft. with a capacity to hold 800 guests and a well equipped board room
Suitable for hosting wedding receptions, parties and other corporate events and meetings
Other amenities include a multi-cuisine restaurant, rest-o-bar, solar heated swimming pool, recreation area, kids’ activity centre and a well equipped gym
Total Revenues (Rs Mn) *
27.7
31.3
-11%
Total Revenues (Rs Mn) *
90.4
86.4
5%
Q3 FY20
Q3 FY19
YoY %
9M F20
9M FY19
YoY %
Total No of Room Nights Available (No.) to Guests
Occupancy %
Avg. Room Rental for the period (Rs)
* Includes other operating income.
7,561
7,549
43%
47%
5,025
4,422
-4%
14%
Total No of Room Nights Available (No.) to Guests
Occupancy %
Avg. Room Rental for the period (Rs)
22,609
22,632
49%
43%
4,817
4,634
6%
4%
11
12
PORTFOLIO UPDATE – AMUSEMENT PARK, KOCHI
•
•
•
•
Launched in 2000 by the name ‘Veegaland’ and operating under the name ‘Wonderla’ since April 2008 Situated on 93.17 acres of land, and currently occupying 28.75 acres for 56 land and water based attractions and other allied facilities 6 restaurants offering various cuisines, all are operated by the Company. The park has won 18 awards since inception
Launched 2 Rides: Fusion Slide - A water tube slide with a diameter of 1.4 meter, starts from a height of 9 meter. Two riders can enjoy at a time. Inflated tubes are used to carry riders through the slide. V R Coaster – This ride is an advanced version of roller coaster, located inside a castle themed building which goes up to a height of 6m & through 190m track with steep incline, curves and dips. Each rider is provided with virtual reality headsets to experience the movement through virtual environment along with movement of car through track and a synchronised themed video.
Total Revenues (Rs Mn) *
No of Visitors (In ‘000)
Avg. Revenue Per Visitor (Rs)
Total Revenues (Rs Mn) *
No of Visitors (In ‘000)
Avg. Revenue Per Visitor (Rs)
Q3 FY20
Q3 FY19
YoY %
LOCATION
223.1
265.4
840.6
214.1
260.3
822.7
4%
2%
2%
9M FY20
9M FY19
YoY %
633.1
643.1
984.5
537.5
564.3
952.6
18%
14%
3%
Total Land Available (In Acres)
Developed Land (In Acres)
Land Availability for Future development(In Acres)
Total No of Rides
No of Wet Rides
No of Dry Rides
* Includes sale of services, sales of products & other operating income.
KOCHI
93.2
28.7
64.4
57
22
35
13
KOCHI PARK – REVENUE & FOOTFALL ANALYSIS
AVG. TICKET REVENUE PER VISITOR (In Rs)
AVG. NON-TICKET REVENUE PER VISITOR (In Rs)
596.0
603.1
713.6
737.9
1.2%
3.4%
226.7
4.8%
237.5
239.0
246.7
3.2%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000)
FOOTFALLS – REGIONWISE BREAKUP (‘000)
260.3
265.4
564.3
643.1
260.3
265.4
71.1%
74.6%
42.2%
48.6%
28.9%
25.4%
57.8%
51.4%
2.0% 0.2% 9.8%
0.5%
87.5%
1.8% 0.4% 17.3% 1.2%
79.3%
564.3
643.1
2.8% 0.4% 19.9% 0.8%
76.1%
2.1% 0.4%
30.5%
0.9%
66.1%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Walk-in
Group
Kerala
Karnataka
Tamil Nadu
Andhra Pradesh
Others
14
PORTFOLIO UPDATE – AMUSEMENT PARK, HYDERABAD
•
•
•
•
•
Launched in April 2016 by the name ‘Wonderla’.
Situated on 49.5 acres of land, and currently occupying 27.0 acres for 46 land and water-based attractions and other allied facilities.
4 company operated restaurants offering various cuisines
The Park has won 6 awards since inception
Launched 2 rides: Funky Monkey - Drop Tower specially designed for children . The ride takes to a maximum height of 4 meters, giving a miniature experience of a free fall. The capacity of the ride is 6 kids at ride. Rocking Tug – A family ride imported from Italy; shaped like a ship, it gives the riders a thrilling ship riding & sailing experience.
4 minutes
time with
duration
per
of
a
a
Q3 FY20
Q3 FY19
YoY %
LOCATION
HYDERABAD
Total Revenues (Rs Mn) *
No of Visitors (In ‘000)
Avg. Revenue Per Visitor (Rs)
203.2
228.7
888.3
198.6
209.7
947.3
2%
9%
-6%
9M FY20
9M FY19
YoY %
Total Land Available (In Acres)
Developed Land (In Acres)
Land Availability for Future development(In Acres)
Total Revenues (Rs Mn) *
No of Visitors (In ‘000)
614.3
568.5
587.1
535.0
Avg. Revenue Per Visitor (Rs)
1080.5
1,097.3
* Includes sale of services, sales of products & other operating income.
5%
6%
-2%
Total No of Rides
No of Wet Rides
No of Dry Rides
49.5
27.0
22.5
44
18
26
16
HYDERABAD PARK – REVENUE & FOOTFALL ANALYSIS
AVG. TICKET REVENUE PER VISITOR (In Rs)
AVG. NON-TICKET REVENUE PER VISITOR (In Rs)
679.0
620.3
804.1
788.55
268.3
268.0
293.2
292.0
8.6%
1.9%
0.1%
0.4%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
FOOTFALLS – WALK-IN Vs. GROUP / CHANNEL (‘000)
FOOTFALLS – REGIONWISE BREAKUP (‘000)
209.7
228.7
535
568.5
209.7
228.7
535
568.5
60%
40%
71%
29%
32%
68%
38%
62%
8.1%
91.9%
6.1%
93.9%
4.7%
95.3%
5.9%
94.1%
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Q3 FY19
Q3 FY20
9M FY19
9M FY20
Walk-in
Group
Telangana
Others
17
FINANCIALS – P&L STATEMENT
Particulars (Rs Mn) Sale of Services Sale of products Other Operating Revenue Revenue from Operations Cost of materials consumed Purchase of stock-in-trade Changes in inventories of stock-in-trade Employee benefits expense Other expenses Total Expense
EBITDA EBITDA Margin % Other Income Depreciation Finance Cost PBT Exceptional item Tax Expense PAT PAT Margin %
Q3 FY 20 513.4 186.4 0.3 700.1
Q3 FY 19 566.1 194.4 - 760.5
39.5 51.5 -6.0 103.8 261.6 450.6 249.6 35.6%
27.3 104.8 1.7 170.4 155.7
115.7 210.3 30.0%
37.4 55.5 -6.4 95.7 280.7 462.8 297.7 39.1%
25.8 98.6 0.4 224.6 -
79.4 145.2 19.1%
YoY % -9.3% -4.1%
- -7.9% 5.8% -7.3% - 8.6% -6.8% -2.7% -16.2%
-350bps 5.8% 6.3% - -24.1% - 45.8% 44.9%
1095bps
9M FY 20 1,747.6 535.5 1.5 2,284.5
9M FY 19 1,691.9 520.4 - 2,212.3
107.8 136.4 -8.3 309.6 748.7 1,294.2 990.3 43.3%
95.2 314.2 5.3 766.03 155.7
289.5 632.2 27.7%
99.8 133.7 -3.7 289.9 729.5 1,249.2 963.2 43.5%
68.7 296.3 4.0 731.56 -
247.3 484.3 21.9%
YoY % 3.3% 2.9%
- 3.3% 8.0% 2.0% - 6.8% 2.6% 3.6% 2.8%
-19bps 38.5% 6.0% 31.7% 4.7% - 17.1% 30.5%
578bps
Note – Income from services includes income from sale of entry tickets, share of revenue from restaurant sales and income from resort. Income from sale of products includes income from sale of traded goods, packaged food and other merchandise sold within amusement parks
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COMPANY OVERVIEW – BOARD OF DIRECTORS & MANAGEMENT TEAM
KOCHOUSEPH CHITTILAPPILLY PROMOTER AND EXECUTIVE VICE CHAIRMAN
•
•
•
19 years in the industry
Founded V-Guard Industries Ltd., a publicly listed company since 2008 and is currently its Chairman
Post Graduate Degree in Physics
ARUN KOCHOUSEPH CHITTILAPPILLY PROMOTER AND NON EXECUTIVE DIRECTOR
•
14+ years in the industry
• Holds a masters degree in industrial
engineering
• Actively involved in day-to-day operations and
management of Wonderla since 2003
GEORGE JOSEPH JOINT MANAGING DIRECTOR
•
38+ years of total work experience
• Director in Muthoot
Finance Ltd.
GOPAL SRINIVASAN INDEPENDENT DIRECTOR
•
•
25+ years of work experience
Chairman of TVS Capital Funds & Independent Director in TVS & Sons Limited.
PRIYA SARAH CHEERAN JOSEPH EXECUTIVE DIRECTOR
•
•
14+ years in the Industry
Involved in F&B Operations and HR department of Wonderla since 2005
R LAKSHMINARAYANAN INDEPENDENT DIRECTOR
•
•
10+ years of work experience in Retail
Independent Director in Jyothi Laboratories Limited
M RAMACHANDRAN CHAIRMAN & INDEPENDENT DIRECTOR
•
•
43+ years of work experience
Served as partner for 20 years with audit firm Deloitte Haskins & Sells LLP
• Member of ICAI & ICSI
SIVADAS M. PRESIDENT – OPERATIONS
•
•
27 years of experience
Bachelor’s Degree in Physics
SATHEESH SHESHADRI CHIEF FINANCIAL OFFICER (CFO)
•
25 years of experience
• Worked in Finance & Accounts at Bangalore
International Airport, Dubai Transport Corporation
•
Chartered Accountant & SAP ERP certified
MAHESH M.B. AVP – COMMERCIAL
•
21 years of experience • MBA in International
Business
AJIKRISHNAN A. G. VP – PROJECTS
•
•
18 years of experience
B.E, MBA
19
COMPANY OVERVIEW – UNDERSTANDING THE WONDERLA ADVANTAGE
KEY CONCERNS ON SCALABILITY
WONDERLA ADVANTAGE
HIGHLY CAPITAL INTENSIVE BUSINESS
AFFORDABILITY – TICKET PRICES ARE HIGH
LAND AVAILABILITY, LOCATION & CONNECTIVITY
In-House Design Capability for the Amusement Park In-House Ride Manufacturing Facility in Kochi
• • • Manufactured / constructed 42 rides / attractions in-house •
Typical Capex for a New Park is ~Rs 2,500 mn – Rs 3,500 mn including Land cost
•
• •
•
•
Typical Target Audience is the Middle class which can spend Rs 4,000-5,000 per trip for a Family All three Parks have Land as well as Water rides under the same Ticket Average ticket prices in the range of Rs 800 – Rs 1200
All three Operational Parks have large Land Parcels and have good connectivity (Within 15-25 km from the city) Parks provide a thrilling & unforgettable experience to visitors from neighbouring states like Tamil Nadu and Andhra Pradesh while also being an attractive tourist spot for pan India population
20
COMPANY OVERVIEW – SUSTAINABLE COMPETITIVE ADVANTAGES
OVER A DECADE OF OPERATIONAL EXPERIENCE AND BRAND EQUITY
PROXIMITY TO CITY WITH AMPLE LAND AVAILABLE FOR FUTURE DEVELOPMENT
• 19+ yrs of successful operations of the parks has built
significant brand equity
• Mr. Kochouseph and Mr. Arun have over 19 yrs and 14+ yrs of experience respectively in amusement park industry
• Won several awards, including ‘best tourism
destination’ and ‘highest number and variety of innovative rides’
IN-HOUSE MANUFACTURING FACILITY AT WONDERLA KOCHI
• Benefits from certain cost efficiencies and improves
maintenance efficiency of rides
• Enables customisation and modification of rides
purchased
• Manufactured / constructed 42 rides / attractions in-
house
• Owns 93.17 acres in Kochi, 81.75 acres in Bangalore and 49.50 acres in Hyderabad, within which further expansion of existing parks can be undertaken
• All the three parks - Kochi, Bangalore and
Hyderabad - are situated in the proximity of the main city.
STRONG CUSTOMER INSIGHTS - CONSTANTLY INNOVATING NEW ATTRACTIONS
•
In-depth understanding of customer preference and needs helps while conceptualising new rides
• Won the IAAPI excellence award for the highest
number and variety of innovative rides four times
21
COMPANY OVERVIEW – FUTURE GROWTH STRATEGY
SCALABILITY – EXPANSION THROUGH SETTING NEW AMUSEMENT PARKS
FOCUS ON IMPROVISING EXISTING PARKS TO IMPROVE FOOTFALLS
•
•
• • •
Currently in process of Construction of Project in Chennai as well as identifying potential opportunities for setting up new parks in other key geographies Board has recently approved setting up another park in Odisha
Evaluate customer preferences to innovate attractions based on popular concepts Develop the undeveloped land at existing parks to increase operational capacity Efforts to cover tourists through portals developed for tour operators.
ENHANCED VISITOR EXPERIENCE THROUGH PARKS INTEGRATED WITH RESORTS
• Wonderla Resort enables visitors to stay longer at the park & increases spend per head • •
Enhance visitor experience at other parks by integrating them with resorts Introduced stay & paly scheme at Kochi park in association with a leading hotel
EXPAND IN-HOUSE RIDE DESIGN AND MANUFACTURING CAPABILITIES
EXPAND REVENUE STREAMS AND INNOVATING MARKETING INITIATIVES TO SUPPLEMENT INCOME FROM ENTRY FEES
•
•
• •
Introduce new rides and attractions based on customer preferences and research done by visiting parks in other parts of the world Continue to invest in new manufacturing facilities at upcoming parks
Bolster revenues from entry tickets by offering value-added services Introduce character and theme based attractions and promote this through marketing initiatives , ad campaigns using media as well as tour operators
22
COMPANY OVERVIEW – GLOBAL RANKING AND RECOGNITION
Wonderla parks in Bangalore, Kochi and Hyderabad
were ranked at #3, #4 and #7 in India by Tripadvisor
Wonderla Bangalore ranked 8th Best and Wonderla
Kochi ranked 16th Best in Asia.
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FOR FURTHER QUERIES -
Mr. Satheesh Seshadri CFO Email – satheesh.seshadri@wonderla.com
Disclaimer
Mehul Mehta/Nachiket Kale IR Consultant Dickenson World Contact No : +91 9920940808 Email – wonderla@dickensonworld.com
This presentation and the following discussion may contain “forward looking statements” by Wonderla Holidays Limited (“Wonderla” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the management of Wonderla about the business, industry and markets in which Wonderla operates.
These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond Wonderla’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of Wonderla.
In particular, such statements should not be regarded as a projection of future performance of Wonderla. It should be noted that the actual performance or achievements of Wonderla may vary significantly from such statements.
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