ARDENT LEISURE GROUP Market Cap $886 Million Headline revenue1...

ARDENT LEISURE GROUP Market Cap $886 Million

• Headline revenue1 down 12.1% due to asset sales - but revenue1 from continuing businesses (Main Event and Theme Parks) up 12.7% over the prior corresponding period
•   Positive constant centre growth of 1.3%2 and new centre growth at Main Event contributed to 25.4% revenue growth (in US dollar terms) but margin adversely impacted by non-constant centre performance and uplift in marketing and corporate overhead
•   Theme Parks continue to be impacted by Dreamworld incident but showing improving trend in visitation and revenue. Dreamworld achieved a breakeven pro forma EBITDA1 excluding impairment charge and incident-related costs
•   Chris Morris announced as new CEO of Main Event
•   Sale of Bowling & Entertainment business for $160m announced in December, with completion expected shortly
•   Progress made in reducing corporate overheads
•   Conservative balance sheet to support growth at Main Event and new attractions at Dreamworld with pro forma net cash of c.$19 million following the sale of Bowling & Entertainment

Am Hoping for new rides and Hotel to be built at Dreamworld one day

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