thl updates FY19 earnings guidance

Tourism Holdings Limited
Tel: +64 9 336 4299
The Beach House
Email: info@thlnz.co.nz
Level 1, 83 Beach Road
www.thlonline.com
Auckland City

PO Box 4293, Shortland Street

Auckland 1140, New Zealand



18 April 2019

NZX ANNOUNCEMENT

TOURISM HOLDINGS LIMITED (thl)
thl updates FY19 earnings guidance

Tourism Holdings Limited (thl) is today providing revised guidance to its net profit after taxation (NPAT) for the
2019 financial year.

The company now expects NPAT of between $25 million to $28 million for the year ended 30 June 2019. The
previously announced guidance was for NPAT of around $32 million.

The primary reason for the revised guidance is that the vehicle sales market in the USA has continued to
deteriorate and thl’s expectations for the financial year are now substantially below previous forecasts.

Performance in the New Zealand and Australian markets remain on track with a solid outlook.

A decisive operational and capital review of the USA operations is underway immediately. An update on that
review will be provided to the market before the end of May.




END

Authorised by:

Rob Campbell
Chairman, Tourism Holdings Limited

For further information contact:
Grant Webster
thl Chief Executive Officer
Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210