Analysts/Institutional Investor Meet/Con. Call Updates

“Wonderla Holidays Limited Q1 FY27 Earnings Conference Call” August 05, 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 INTIME Page 1 of 17 Wonderla Holidays Limited August 05, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Wonderla Holidays Limited Q1 FY27 Earnings Conference Call, hosted by MUFG Intime. As a reminder, all participants' lines will be in listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star and zero on your touchtone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Omkar Bagwe from MUFG Intime. Thank you, and over to you, Mr. Omkar. Omkar Bagwe: Good afternoon, everyone. I welcome you all to the earnings conference call to discuss Q1 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 expectations 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 Page 2 of 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 thanks for joining us. I hope all of you have had an opportunity to review our financial results for the first quarter of FY27. We are pleased to report that we have delivered one of our best quarters ever, making another important milestone in our growth journey. During the quarter, we recorded an income of INR252 crores, representing 41% year-on-year growth, while EBITDA grew 39% to INR122 crores. Our footfall crossed 12.25 lakh visitors, up 33% over the same period last year, reflecting the continued strength of our brand and growing demand for quality leisure experiences. This performance was broad-based. Our existing parks continue to deliver healthy growth, driven by higher guest volumes and as well as improved guest spending. Revenue from our mature parks grew by approximately 15%, supported by 7% growth in ARPU and sorry, 8% growth in ARPU and 7% growth in footfall. Our Chennai Park continues to scale up exactly as we had envisaged. In our first year of operations, the park contributed approximately INR45 crores in revenues and over 2.4 lakh visitors during the quarter. As the market matures and awareness continues to build, we remain Page 2 of 17 Wonderla Holidays Limited August 05, 2026 confident that Chennai will become an increasingly significant contributor to our long-term growth. Beyond our parks, we are also encouraged by our hospitality business. Both our resort offerings delivered their best and along with Hyderabad Park, delivered their best ever quarter. Our focus remains unchanged. We continue to invest in guest experience and expanding premium offerings and improving operational efficiency. As our newer assets continue to mature and our existing parks deepen their market penetration, we believe that Wonderla is well positioned to sustain profitable growth in the coming quarters. With that, I would like to hand over to our CFO, Saji, who will take you through the financial performance. Saji Louiz: Thank you, Arun. Good afternoon, everyone, and thank you for joining us for the Q1 FY 2027 earnings call. Let me take you through the key highlights of our performance during the quarter. Our revenue from operations increased by 44% Y-o-Y basis to INR243 crores. Our existing parks, Bengaluru, Kochi, Hyderabad and Bhubaneswar, delivered a healthy 15% revenue growth, driven by 7% growth in footfall and 8% growth in ARPU. Our new asset, Chennai Park, contributed INR45 crores in revenue during the quarter with a footfall of 2.42 lakhs. EBITDA including other income stood at INR122 crores, registering a 39% Y-o-Y growth, while EBITDA margin remained strong at 48%. Profit after tax for the quarter stood at INR72.79 crores, translating into a PAT margin of 29%. Let me now explain the key drivers behind the INR34.48 crores increase in EBITDA, including other income. Our existing parks contributed INR15.93 crores, accounting for 46% to the EBITDA growth. Chennai Park contributed INR21.86 crores, representing 64% of EBITDA growth as the park continues to scale up well. Our resort business added about INR3.19 crores, contributing 9% to the EBITDA growth. The above said gains are partially offset by an increase of INR6.5 crores in the corporate overhead, primarily reflecting investments made to strengthen the organization and support our expanding operations as well. During the quarter, company also earned INR9.47 crores as other income, predominantly from interest and gains on investments. Overall, the EBITDA bridge demonstrates that the growth was driven by a healthy performance across our operating business, led by continued momentum in our existing parks and successful scale-up of our Chennai Park. Our PAT increased by INR20.22 crores, primarily driven by the improvement of EBITDA. This was partially offset by INR11.49 crores increase in depreciation, mainly on account of Chennai Park becoming operational, and an incremental tax expense of INR2.75 crores. Moving on to the operating metrics. For Q1 FY 2027, footfalls across our parks were as follows: Bangalore Park, 3.43 lakhs, up by 6% Y-o-Y; Kochi Park, 2.5 lakhs, up by 6% Y-o-Y; Hyderabad Park, 2.9 lakhs, up by 11% on Y-o-Y basis; Bhubaneswar Park, 1 lakhs, up by 4%; Chennai being a new park, 2.42 lakhs. Page 3 of 17 Wonderla Holidays Limited August 05, 2026 Our average ticket price for the quarter stood at INR1,310, registering a 2% Y-o-Y increase. Average non-ticket spend per guest increased by 20% Y-o-Y basis to INR591, reflecting a continued strength in our in-park spending initiatives. As a result, average revenue per user, the ARPU, increased by 7% Y-o-Y to INR1,901. With that, I would like to conclude the financial update. We will now be happy to take your questions. Thank you. Moderator: Thank you very much. We will now begin with the question-and-answer session. The first question is from the line of Shamit from Ambit Capital. Shamit: Congrats on a good set of numbers. So a couple of questions from my end. if you look at your ex-Chennai Park, the footfall grew by 7% year-on-year this quarter after a mixed trend over the last few quarters. So should we view this current growth rate as sustainable going forward in the other parks? And also, on your margin, so once Chennai Park matures, what kind of margin trajectory are you expecting? Arun Chittilappilly: See, footfall growth is unpredictable by its very nature. Every quarter, it will keep varying. So this quarter was good, and we are hoping that for the remainder of the quarters, it will be good as well. Having said that, I think this year has started on a strong note. So I think we are hopeful that this year should continue. Chennai margin should be in line with other margins as it progresses. It's still the first year, so it's hard for us to kind of tell you how it's exactly going to be. But long term, it will give the same margins as other parks or at par. Shamit: Got it. But any particular initiatives d [Showing first 8,000 characters — download PDF for full document]