I have attended AGM at Bengaluru on 09/08/2017 .Below is the notes from AGM (I may have missed /misinterpreted certain points):
*Lanched new brand logo -positioned itself as complete hospitality and entertainment company.
*In india the amusement park is in nascent stage. Most of large cities are underserved with amusement park. Industry is known to face ups and downs. Footfalls are continue to fall in established parks. Expect the non ticket revenue to increase further. Not possible to reach global standard of 60:40 % of ticket/non ticket revnue in India. Amusement parks is not highly profitable business worldwide but wonderla is able to maintain high profitability because of cost effisciency/management of capex.
FY 17 the drop in margins is due provisions for tax disputes/increased staff expenses (related to hyd park)corporate cost. All these things are temporary .Margins wil improve going ahead.
Revenues are driven by new Hyd park which is ramping up. Hyd park will see double digit growth in footfalls for FY18. At the old parks (kochin and Bengaluru)trying to acheive growth by offering better customer experience . significant investemet in IT infrastructure,revamp of website,booking engine in established parks to offer better customer experiance . All the parks will b cashless by next FY.
Timely upgradation is must with new rides/technology in amusement park life cycle to maintain park attraction. Adding roller coster ride at kochin park at the cost of 25 crs which was the cost spent by company to start the park. With this all parks will have roller coster ride.
New project: completed land aquition of 57 acres for chennai park near Tirpur(hope I heard it right) around 40 km from city. preliminary work and planning is going on which will be competed in next 3 to 4 months. park construction expected to complete by fy20. D/E will be comfortable at the end chennai park construction .present networth is.....( Icould not note it properly).
MOU with AP govt as mentioned in one of annual report,but its too early to comment about possible new park at AP/no plans at present.
Resort branding : revenue from resort is less compared to overall park revenue. Mr Arun acknowledged that brand positing of wonderla RESORT is not as strong as wonderla PARK. May consider branding it further and improve offerings for resort stay.
Strengthening of in-house R&D is continuous process, but very hard to increase further considering the rapid changes in technology.
No plan or discussion with karnataka govt to start small adventure parks as reported in some news paper.( I have reconfirmed this with Mr. Arun by showing the article( which is there in VP thread).
Weekday/weekend footfall: No need of special offer/theme to attract more visitors during weekdays(as done by adlabs). Infact sometimes no of visitors at wondela is more during weekdays.
Small theme based parks in mall: Its totally different business model with short life span,serving only small portion of the city. It will depend on survival of mall also. WH is not intersted in such business
Aquisition: no such plans or oppurtunities.