FY20 Market Update
Tourism Holdings Limited
Tel: +64 9 336 4299
The Beach House
Fax: +64 9 309 9269
Level 1, 83 Beach Road
www.thlonline.com
Auckland City
PO Box 4293, Shortland Street
Auckland 1140, New Zealand
Self drive
Experiences
New Zealand
Australia
USA
UK
Design &
Manufacturing
New Zealand
Australia
Guided
Experiences
New Zealand
5 February 2020
MEDIA | NZX RELEASE
TOURISM HOLDINGS LIMITED (thl)
MARKET UPDATE
thl provides an update on its FY20 NPAT expectations in the context of the significant and uncertain
events facing the tourism industry.
Recognising the uncertainty of these events, our current expectation is that thl’s FY20 NPAT will be
around NZ$24M.
The primary factors in the update include the previously disclosed USA vehicle sales weakness, the
Australian bush fires cancellations and forward booking reduction, a forecast reduction in Chinese
inbound customers over the next two months due to the Coronavirus containment measures and
ongoing investment in TOGO group. We continue to assess the impact of these factors and our
response.
There is positive momentum in many areas of the business. New Zealand and Australia have had solid
performances in vehicle sales from both a volume and margin perspective. Recent activity in the USA
vehicle sales consumer shows has been positive and provides greater confidence of margin and volume
recovery going into FY21. The performance over recent months in the rentals and tourism segments had
been broadly in line with expectations, prior to these events.
thl will provide a further update with its half year results, to be announced on Friday 28 February 2020.
ENDS
Authorised by:
Rob Campbell
Chairman, Tourism Holdings Limited
For further information contact:
Page 2 of 2
Grant Webster
thl Chief Executive
Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210
About thl (www.thlonline.com)
thl is a global tourism operator. We are listed on the NZX and are the largest provider of RVs for rent and sale in Australia and
New Zealand, and the second largest in North America. In the USA we own and operate the Road Bear RV Rentals & Sales brand
and El Monte RV Rentals & Sales. thl is a 50:50 partner, along with Thor Industries Inc. - the largest RV manufacturer in North
America (a NYSE listed entity), in the joint venture company Togo Group – Togo Group is a global digital platform for the RV
industry; it owns and operates several brands including Roadtrippers, Mighway and Togo RV. In the UK, thl owns 49% of Just go
Motorhomes. Within New Zealand we operate Kiwi Experience and the Discover Waitomo group, which includes Waitomo
Glowworm Caves, Ruakuri Cave, Aranui Cave and The Legendary Black Water Rafting Co. thl is a joint venture partner in Action
Manufacturing LP, New Zealand’s largest motorhome and specialist vehicle manufacturer.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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