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EXPERIENCE CO LIMITED — Capital/Financing Update 2017
Nov 7, 2017
64892_rns_2017-11-07_49ee07c9-f2f9-40bc-99dc-db712d967612.pdf
Capital/Financing Update
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8 NOVEMEBER 2017
EXPERIENCE CO LIMITED (ACN 167 320 470)
(ASX: EXP)
ASX ANNOUNCEMENT REAFFIRMING FY18 GUIDANCE
Experience Co Limited ( EXP or “the Company”) hereby reaffirms the company’s FY18 financial guidance as follows:
| Revenue | $124m – $129m |
|---|---|
| Underlying EBITDA* | $31m - $33m |
*Before acquisition related expenses and other one-off items outside normal operations of the business
On 23[rd] October 2017, the company announced that the Skydive Australia’s Mission Beach dropzone had re-opened following a week’s closure due to an accident on 13[th] October 2017 where three people tragically died.
The Company can advise that forward bookings and tandem skydives at Mission Beach are in line with management expectations. EXP’s other skydiving locations throughout Australia and New Zealand have recorded tandem skydive bookings and tandem skydive jump numbers that were ahead of management expectations for the month of October 2017.
Accordingly, the company is extremely confident that FY18 guidance will be met given the strong trading conditions financial year to date.
CONTACT INFORMATION
Media
Justin Kelly, Director Media & Capital Partners p: +61 408 215 858
Investors
Experience Co Limited Anthony Ritter Chief Executive Officer & Company Secretary p: 1300 663 634
About Experience Co Limited (ASX:EXP)
Experience Co Limited (EXP) is an adventure tourism and leisure company. From its origins in Wollongong NSW in 1999, it now provides tandem skydiving experiences in 18 locations in Australia and 3 locations in New Zealand. EXP also provides activities of white water rafting, hot air ballooning, canyoning and boat tours to the Great Barrier Reef in North Queensland, Australia. Since successfully completing an initial public offer (IPO) in March 2015, EXP has acquired Australia Skydive (March
www.experienceco.com [email protected] T: 1300 601 899
Experience Co Limited ABN 56 167 320 470 ASX:EXP PO Box 5361 Wollongong NSW 2500
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2015), NZone Skydive (October 2015), Skydive Wanaka (July 2016), Raging Thunder Adventures (October 2016), Reef Magic Cruises (April 2016), Byron Bay Balloons (August 2017), and Great Barrier Reef Helicopters in November 2017.
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www.experienceco.com [email protected] T: 1300 601 899
Experience Co Limited ABN 56 167 320 470 ASX:EXP PO Box 5361 Wollongong NSW 2500