EVT (EVT) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional land owners and introduction of board members and executives.

• Quorum confirmed; meeting conducted as a hybrid event with both in-person and online participation.

• Voting on resolutions conducted by poll, with procedures explained for both in-person and online attendees.

Financial performance review

• Group reported net profit after tax of AUD 4.8 million and normalized result after tax of AUD 34.1 million for FY24.

• Underlying group revenue grew 4% to AUD 1.221 billion, with hotels division achieving record revenue and EBITDA.

• Entertainment revenue increased, but EBITDA declined due to inconsistent film supply post-Hollywood strikes.

• Thredbo revenue and EBITDA declined due to poor weather; group faced significant cost increases in compliance, insurance, energy, and labor.

• One-off, non-cash tax charge of AUD 26.9 million impacted reported NPAT.

Dividend announcements

• Total dividends for the year were AUD 0.34 per share, fully franked, consistent with the prior year (excluding 2022 special dividend).

• Board considers dividends in context of capital requirements and continuity of earnings.