Preliminary Response to US Tariff Announcement

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




4 April 2025

NZX | ASX | MEDIA RELEASE
TOURISM HOLDINGS LIMITED (thl)

PRELIMINARY RESPONSE TO USA TARIFF ANNOUNCEMENT

In response to a number of inbound inquiries, Tourism Holdings Limited (thl) acknowledges the new tariffs
recently announced by the United States.

At this stage, there is uncertainty regarding the extent to which various tariffs imposed by the United States
may impact the North American RV industry, including any potential retaliatory tariffs imposed by Canada
that could impact RVs imported from manufacturers in the United States. thl is closely monitoring the
situation as it evolves and will provide a further update on the implications for its business once there is
more clarity.

The tourism industry has seen a decline in consumer sentiment for inbound travel to the United States in
recent weeks. For thl, this has resulted in a slowdown in international booking intakes for the upcoming
peak season. Typically, around 50% of thl’s RV rentals in the United States are from domestic bookings,
which have a shorter lead time compared to international bookings. As a result, it remains too early to
determine if the current slowdown will have a lasting impact on the United States high season
performance.

thl expects to have more certainty on vehicle sales and the other variables previously described in its
interim results, during the fourth quarter of FY25, at which point thl intends to provide earnings guidance
for FY25.

ENDS

Authorised by:

Cathy Quinn
Chair, Tourism Holdings Limited

For further information contact:

Media:
Grant Webster
thl Chief Executive Officer
Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210

Investors and Analysts:
Amir Ansari
General Manager – Investor Relations & Group Planning
Direct Dial: +64 9 336 4203
Mobile: +64 21 163 8053
About thl (www.thlonline.com)


thl is a global tourism operator listed on the NZX and ASX (code: THL) and is the largest commercial RV rental operator in the world.
In New Zealand/Australia, thl operates rental brands (Maui, Britz, Apollo, Mighty, Hippie, Cheapa Campa), manufacturing (Action
Manufacturing, Apollo), retail brands (Talvor, Kea, Winnebago, Adria, Coromal, Windsor), retail dealerships (RV Super Centre,
Apollo RV Sales, Kratzmann, George Day, Sydney RV, Camperagent), travel technology (Triptech) and tourism attractions (Kiwi
Experience and the Discover Waitomo Group, which includes Waitomo Glowworm Caves, Ruakuri Cave, Aranui Cave and The
Legendary Black Water Rafting Co.). In North America, thl operates the Road Bear RV, El Monte RV, CanaDream, Britz and Mighty
rental brands. In UK and Europe, thl operates the Just go, Apollo and Bunk Campers rental brands.