https://www.virtualmeeting.co.nz/thl2016
Can be viewed online thro' above link...
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https://www.virtualmeeting.co.nz/thl2016
Can be viewed online thro' above link...
Great Chairman's review from Rob Campbell.
Market position considers 3 factors:
1. Open platform where global opportunities to realize value together exists. This is not currently set up and it is considered a business risk to take no action - "standing still is the risky option". Their global ambition is to essentially become the Facebook or Google platform for self drive tourism. No one else globally is challenging for this position, so the goal is to establish this.
2. Must become part of other's networks. Integration of their products must be as natural as running water for tourists.
3. Skilled and highly motivated people. 3/4milllion touch points annually with customers.
Change implementation plan to take on these goals,
Sustainability being reviewed around health and safety, community and environment.
Prototype electric motor homes within6 months.
Fy17;
$145 expentiture forecast
$50m intended on core fleet.
Acquisitions planned (nothing mentioned what it could be), but investment would be from existing funds
Guidance: $27.5-28.5m
Probably not the same rapid growth of div as this year, but still aiming to provide sustainsble return.
Tourism thoughts: Need to work with government, need to be more open about data, celebrate success, embrace sustainability of all kinds.
"A new tourism paradigm" is where we are at.
Investing in future based opportunities.
Listening into the meeting now.
Some pretty positive vibes from management.
Electric motorhome vehicle manufacturing got a interesting mention. NP guidance of 27-28 million full year with greater capex particularly on mighway...
Question: what proportion of business comes specifically from Chinese market? And countries of origin data.
For example - waitomo has higher growth than actual visitors from China (?). And Lions Tour is beneficial but probably not as good as 2005 as the travel route is different. 2018 looks good though.
Not really the answer expected about country of origin data however.
The most interesting thing from the meeting was the mention of self driving electric motorhomes. It's fantastic to see a business which has 'core growth' looking into the future.
Debbie Birch - strong governance and capital markets background. 5 Boards!
Christina Domecq - entrepreneur, understands the value of customer experience in this business.