Analysts/Institutional Investor Meet/Con. Call Updates

“Wonderla Holidays Limited Q2 and H1 FY27 Earnings Conference Call” November 03, 2026 MANAGEMENT: MR. ARUN CHITTILAPPILLY – MANAGING DIRECTOR – WONDERLA HOLIDAYS LIMITED MR. SAJI LOUIZ – CHIEF FINANCIAL OFFICER – WONDERLA HOLIDAYS LIMITED MR. DHEERAN CHOUDHARY – CHIEF OPERATING OFFICER – WONDERLA HOLIDAYS LIMITED MODERATOR: MR. OMKAR BAGWE – MUFG INDIA PRIVATE LIMITED Page 1 of 14 Wonderla Holidays Limited November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Wonderla Holidays Limited Q2 and H1 FY27 Earnings Conference Call hosted by MUFG India Private Limited. As a reminder, all participant clients will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is now being recorded. I now hand the conference over to Mr. Omkar Bagwe from MUFG Intime. Thank you, and over to you, sir. Omkar Bagwe: Good afternoon, everyone. I welcome you all to the earnings conference call to discuss Q2 and H1 FY27 results of Wonderla Holidays Limited. To discuss our results we have with us from the management, Mr. Arun Chittilappilly, the Managing Director, Mr. Saji Louiz, Chief Financial Officer, and Mr. Dheeran Choudhary, Chief Operating Officer. They will take you through the results, and then we will proceed to Q&A session. Before we proceed to the call, a small disclaimer. This conference may contain certain forward-looking statements about the company, which are based on the beliefs, opinions, and expectation as on date of this call. The actual results may differ materially. These statements are not guarantee of future performance and involve risks and uncertainties that are difficult to predict. A detailed safe harbor statement is also given on the company's investor presentation. Now, I would like to hand the call over to Mr. Arun Chittilappilly. Thank you and over to you, sir. Arun Chittilappilly: Thank you. Good afternoon, everyone, and thank you for joining our Q2 and H1 FY27 earnings call. I'm joined today by Saji and Dheeran. We began FY27 on a strong note, and that momentum has been carried on to the second quarter. In the quarter, income grew 42% year-on-year to INR126 crores, and EBITDA grew 90% to INR30 crores. The EBITDA margin expanded to 24% from 18%. We also moved from a loss in Q2 last year to profit in this quarter. For the first half, the income grew 41% to INR378 crores and EBITDA grew 47% to INR150 crores at a margin of 40%. Three factors drove this performance, the continued ramp-up of Chennai operations, steady growth across our existing parks, and strong quarter from our resorts business, all supported by focused sales and marketing. First, Chennai Park, Q2 welcomed 1.90 lakh visitors, contributed approximately INR28 crores in revenue. For the first half, it recorded 4.32 lakh visitors, approximately INR73 crores in revenue. Page 2 of 14 Wonderla Holidays Limited November 03, 2026 Second, our existing parks, Bengaluru and Kochi, delivered their best ever Q2, and Hyderabad delivered best ever H1. Together, our parks Bengaluru, Kochi, Hyderabad, Bhubaneswar grew revenue by 8% year-on-year in the quarter, with footfalls up 6%. For the half year, they grew revenue by 13% with footfalls up by 7%. Our resorts business delivered their best ever Q2, with the resorts growing 57% year-on-year. Hospitality is becoming increasingly meaningful contributor to our business. Spend per guest also moving in the right direction. It's grown 11% in Q2 and 16% in H1 as more guests take up our value-added and premium offerings. Saji will take you through these metrics in detail. Saji Louiz: Thanks, Arun. Good afternoon, everyone, and thank you for joining us for the Q2 FY27 earnings call. Let me take you through the financial performance beginning with Q2 of financial year 2027. Our revenue from operations grew by 45% Y-o-Y basis to INR116.57 crores. Our existing parks, Bengaluru, Kochi, Hyderabad and Bhubaneswar, recorded a revenue growth of 8%, supported by 6% growth in footfalls and 2% growth in ARPU. Chennai Park contributed INR28 crores in revenue during the quarter, with footfalls of 1.9 lakh during the quarter. EBITDA, including other income, increased by 90% Y-o-Y to INR30.11 crores, while the EBITDA margin remained strong at 24%. Profit for the quarter stood at INR5 lakh compared to the losses in the corresponding quarter. The INR14.26 crores increase in EBITDA was led by Chennai. And Chennai Park contributed about INR10.37 crores, accounting for about 73% of the EBITDA increase. Our existing parks contributed about INR1.83 crores, representing 13%. Our resort business contributed INR2.06 crores, accounting for the remaining 14 percentage. Our other income for the quarter stood at INR9.1 crores, primarily comprising gains received from our investments. Overall, Chennai's contribution, supported by growth in our existing parks and resort business, drove the improvement in EBITDA. Our PAT improved by INR1.81 crores, primarily driven by the improvement of EBITDA. This was partially offset by an INR10 crores increase in depreciation on account of commencement of operation at our Chennai Park and about some INR2.23 crores increase in our tax expenses, which include INR1.12 crores of a prior period taxes as well. Turning to the guest spending. The average ticket price declined by 3% Y-o-Y to INR983. This was offset by an 11% increase in non-ticket revenue per guest to INR510, supported by our in- park spending initiatives. Consequently, average revenue per unit increased by 1% Y-o-Y to INR 1,491 H1 financial year 2027 performance. Page 3 of 14 Wonderla Holidays Limited November 03, 2026 Moving to half year performance, revenue from operations increased by 45% Y-o-Y to INR359.2 crores. Our existing park delivered about 13% of revenue growth, supported by 7% growth in footfall and 6% growth in ARPU. Chennai contributed about INR73 crores in revenue during the half year with a footfalls over 4.32 lakhs. EBITDA, including other income, grew by 47% to INR152.1 crores, and profit after tax increased by 43% to INR72.8 crores. The INR48.57 crores increase in EBITDA, including other income, reflected from contribution from Chennai Park of about INR28.62 crores, accounting for about 58% of the EBITDA growth. And our existing parks contributed about INR15.42 crores, representing 32% of the EBITDA growth. And then our resort business contributed INR4.71 crores, representing the remaining 10% of the EBITDA growth. And other income for the half year stood at INR18.6 crores, primarily comprising of gains from investments. Our PAT increased by INR22.02 crores, supported by the higher EBITDA. This was partially offset by a INR21.5 crores increase in depreciation, mainly attributable to the Chennai Park, and an incremental tax expense of about INR5 crores. Our average ticket price for the half year stood at INR1,192. The non-ticket spend per guest increased by 16% to INR559, taking an average revenue per user up by 5% to INR1,750. Moving on to the operating metrics for Q2 FY27, our footfalls across our parks were as follows: Bengaluru with 2.13 lakh, up by 9% on Y-o-Y basis; Kochi 2.02 lakh, up by 6%; Hyderabad of 0.99 lakhs, up by 7%; Bhubaneswar is about some 20,000, down by 20% Y-o-Y; Chennai is about some 1.9 lakh. And for the half year, Bengaluru recorded about 5.56 lakh of footfall, up by 7%; Kochi 4.53 lakh, 6% of growth; Hyderabad about 3.9 lakh -- 3.90 lakhs, about 10 percentage; Bhubaneswar is about 1.91 lakh, almost like 1% degrowth; Chennai Park with 4.32 lakh of footfall. This concludes the financial update. We will now be happy to take your questions. Thank you. Moderator: Thank you very much. We will now begin the question-and-answer session. The first question comes from the line of Shamit Ashar from Ambit. Sham [Showing first 8,000 characters — download PDF for full document]