Wonderla Holidays

(..pd..) #208

New Chennai Park to drive growth: The Company plans to set up a fourth park by FY20 in Chennai & has
already acquired 60 acres land for the same. The construction for which will began in next two quarters
subject to approvals. The park is expected to be operational by FY21E. This along with the Hyderabad plant
we believe would be the next leg of growth for the company going forward.
 EBITDA margins improve due to higher contribution from non-ticketing revenue: The Company’s EBITDA
margins have increased from 18.8% in Q2FY17 to 22.5% in Q2FY18. The share of Non-ticket revenue
improved from 23.1% in Q2 FY17 to 26.9% in Q2 FY18. Higher non-ticket revenue was driven by introduction
of new F&B offerings and sale of costumes which were made mandatory for water rides on introduction of
dress code. The management expects to increase the share of non-ticket revenue to the global standards which
is ~34%. This will further improve the company’s performance.
 Well positioned in the amusement park space: WHL is well placed in the amusement park space where it
has strong presence in south India. In addition, introduction of new rides and new park at Hyderabad &
Chennai respectively will continue to keep healthy footfalls growth in coming years. Also, the company’s
focus on increasing non-ticket revenues is expected to drive margins.

(narendra) #209

Wonderla launches space flying experience ride at Hyderabad park7c5eb5a0-2d2b-4921-8a5d-c764eb0a60ab.pdf (144.8 KB)

(Divyanshu Taneja) #210

Has sanjay bakshi exited wondela , found somewhere written that sanjay bakshi has exited

(rajput.delhi) #211

no sir…not as per Dec shareholding pattern.

(Vivek) #212

(vpbalu) #213

GST for Theme parks and water parks reduced to 18% from 28% in the GST council meeting. Should help Wonderla