Andermatt 5 April Annual Media Conference 2017

Transcription

1 Andermatt 5 April 2018 Annual Media Conference 2017

2 Programme - Highlights 2017 Franz-Xaver Simmen, CEO - Financials 2017 Matthias Ernst Jäggi, CFO - SkiArena 2017 Silvio Schmid, CEO ASS - The Chedi 2017 Jean-Yves Blatt, GM - Outlook 2018 Franz-Xaver Simmen, CEO - Q&A - Apéro Riche

3 Highlights Franz-Xaver Simmen (CEO)

4 First phase of holiday village nearly complete Holiday Village Andermatt Reuss took shape in 2017: - Three apartment buildings Schneefalke, Wolf and Edelweiss completed - Start of construction of apartment house Fuchs - Three new apartment buildings in planning - Hotel Radisson Blu Andermatt and Gotthard Residences nearly finished - Completion and official opening of underground carpark

5 Infrastructure becomes more attractive Infrastructure of the destination expanded - Inauguration of sculpture Steimandli by Ugo Rondinone - Ground-breaking for new building at Andermatt train station - Nordic Center in Club House - Andermatt Golf Course Best Golf Course in Switzerland

6 Enormous construction activity in the SkiArena - Largest construction programme with completion of three new lifts - New restaurant offerings and facelifting - Innovation in ticketing (flexible pricing) and transport (Andermatt Ski-Express)

7 Flagship The Chedi Andermatt - Number of guests increased by 15 percent - Numerous awards

8 Andermatt an attractive year-round destination Great potential for Andermatt - Overnight stays increase by around 10 percent - Andermatt is back on the international tourism map - Attractive events (MTB, cycling, classical music) - Study shows great potential for the Ursern Valley

9 Financials Matthias Ernst Jäggi (CFO)

10 Comparison with previous year (in CHF millions) Change Revenue % Cost of sales % Loss for the year % Operating cashflow n.a. (in CHF millions) Change Inventories % Cash / cash equiv % Total equity % Shareholder loan % Total investment of around CHF 900 million since start of project 2017: over CHF 172 million invested Full-time employees (FTE): Andermatt Swiss Alps AG: 60 The Chedi Andermatt: 210 SkiArena Andermatt-Sedrun: (seasonal)

11 Broadening of the financing base Capital structure (in CHF millions) 1) External debt (bank loans, other loans, capital market financing, NRP loans) 2) Shareholder loan from Samih O. Sawiris 31 Dec Dec.16 Debt 1) Capital Shareholders equity Shareholder loan 2) Borrowing ratio 35.6 % 33.4 % Weighted term of debt (in years) >10 >10 At start: Start-up financing through a combination of shareholders equity and shareholder loan from owners From 2015 after achieving critical size: selective external financing, e.g.: CHF 50 million: listed bond financing CHF 48 million: NRP financing for SkiArena CHF 50 million: construction loan for Radisson Hotel and Gotthard Residences Additional financing being considered

12 From 2019: selective development steps Expansion phase / major projects ahead of completion: CHF 137 million: Expansion of SkiArena Andermatt-Sedrun CHF 94 million already invested CHF 150 million: Radisson Blue Hotel Andermatt and Gotthard Residences CHF 97 million already invested Further key development features selectively over the next five years: CHF 150 million: Family hotel CHF 5-20 million: Additional apartment buildings CHF 5-10 million: Restaurants in the valley and in the mountains Future major focus points Improving cost efficiency through growing size and increase efficiency Transition from project mode to normal operation

13 SkiArena - Silvio Schmid (CEO SkiArena)

14 Top conditions in the ski area since November 2017

15 Slight increase in skier days Through end of March Oct. 16 to 31 March 17 Through end of March Oct. 17 to 1 March 18 Revenu skiing % Revenue Gastro % Total revenue % Skierdays % %

16 Plus 700 percent increase in online bookings Booking behaviour Indicator Average advance booking Change 12 days => Regions without Dynamic Pricing average 2.5 days Online bookings +700 % more online bookings than in previous year Ticketcorner app bookings 22 % Dynamic pricing indicators Indicator Comparison with previous year Number of skier days +700 % Number of skier days per ski pass +77 % Average price per ski pass +40 % (more multiple-day cards) Online share +700 %

17 Season start with many new features Transport new offerings Second après-ski-bar wagon Longer winter season on the Gemsstock (November to May) thanks to snow farming Dynamic pricing Innovative pricing model Andermatt Ski Express package offers with bus and ski pass Animation at KidsArena at Nätschen Mountain restaurants New head of gastronomy Marco Pero New positioning as Mountain Food Andermatt-Sedrun Opening of Matti family restaurant at Nätschen Leasing of restaurant Piz Calmut, Oberalppass

18 Ski season through 21 May 2018 Winter season 2017/18 Slopes open through 21 May 2018 Season pass 2018/19 for CHF 700 Advance sale until 21 May 2018 Includes attractive summer offerings For new buyers valid immediately through May 2019 Summer operation 2018 From July 7 to October 21, seat gondola cableway Gütsch-Express Matti family restaurant at Nätschen Tgom/Sedrun gondola cableway

19 Ski area expansion in giant steps

20 2017: Largest construction volume since start Commissioning of new lifts 8-seat gondola cableway Gütsch-Express (2 sections) 6-seat chairlift Lutersee-Flyer 6-seat chairlift Schneehüenerstock-Flyer New snowmaking systems and pistes Andermatt-Nätschen-Gütsch-Strahlgand Start of construction of Oberalppass pump station Preparatory works & start of construction 10-seat gondola Oberalppass-Platte- Schneehüenerstock (mountain station) Infrastructure Family restaurant at Nätschen Matti KidsArena at Nätschen

21 2018: Andermatt-Sedrun ski link in both directions Construction and commissioning of new lifts 10-seat gondola cableway Oberalppass-Platte- Schneehüenerstock Schneehüenerstock- Express Snowmaking systems & pistes Completion and further expansion of snowmaking at Gütsch-Schneehüenerstock Completion of Oberalppass pump station New Schneehüenerstock-Oberalppass pistes Infrastructure Completion & optimisation of KidsArena Sun terrace at Matti family restaurant Gastronomy Project for mountain restaurant at Gütsch (to open in 2019) Study project for restaurant in Lutersee- Schneehüenerstock area

22 The Chedi Andermatt - Jean-Yves Blatt (GM)

23 Awards in 2017 Michelin 1 Michelin star for The Japanese Restaurant World Luxury Hotel Awards 2017 Luxury Mountain Hotel Global Winner & Luxury Ski Resort Continent Winner Europe SonntagsZeitung Hotel Rating Second-Best Winter Hotel in Switzerland BILANZ Hotel Rating One of the Best Holiday Hotels in Switzerland SonntagsZeitung Hotel Rating Second-Best Holiday Hotel in Switzerland NZZ am Sonntag Hotel Rating Top 5 of the Best Holiday Hotels in Switzerland Forbes Top seven of the coolest hotel experiences around the world Prime Traveller Awards 2017 Best Ski Hotel Traveller s World Awards 2017 Best Spa in Switzerland, Number 8 worldwide Falstaff Hotel Bar of the Year (Switzerland) 2017 Readers Choice Award von Condé Nast Top Hotels in Switzerland, Number 7 Connoisseur Circle s The 222 Best Hotels in Switzerland Winner in the category Design Hotels National Geographic 15 Top Ski Resorts

24 All key indicators improved in Change Room nights % Number of guests 33'542 38' % Occupancy 39 % 54 % Average daily rate % Revenue 19,079 mio 22,397 mio %

25 Outlook Franz-Xaver Simmen (CEO)

26 Schneefalke sold out, new buildings Fuchs/Eisvogel Apartment house Fuchs 19 apartments Start construction April 2018 Handover end of 2019 Apartment house Eisvogel - Smart Studios 45 apartments Smart Studio Concept

27 Opening of Radisson Blu, Gotthard Residences, Piazza Hotel Radisson Blu Andermatt 180 rooms Restaurant, bar 5 meeting rooms, 30 to 143 m2 Opening autumn 2018 Gotthard Residences 90 apartments Swimming pool Wellness Fitness

28 Opening of Andermatt Concert Hall Seats 500 guests Excellent acoustics Opens 27 December 2018

29 Train station building Central with apartments Ground-breaking autumn ,000 square metres of commercial and residential space 49 apartments of various sizes Investment sum CHF 30 million Completion in 2020

30 Completion of Andermatt-Sedrun ski link Schneehüenerstock mountain station Oberalppass - Schneehüenerstock gondola cableway Opens November/December 2018 Construction of new restaurant at Gütsch Construction starts spring 2018 Opens winter 2019/2020

31 Season pass for merged SkiArena for CHF 700

32

33 THANK YOU