Growth Achieved, $17m Full Year Forecast

25 February 2015

MEDIA | NZX RELEASE

TOURISM HOLDINGS LIMITED (thl)

FINANCIAL RESULTS FOR SIX MONTHS ENDED 31 DECEMBER 2014

GROWTH ACHIEVED, $17M FULL YEAR FORECAST

HIGHLIGHTS:

• Operating Profit Before Financing Costs and Tax (EBIT) of $10.6M up $3.4M or 48% on the prior corresponding period (pcp)

• Net Profit After Tax of $5.6M versus $2.5M for pcp

• Interim dividend of 7 cents per share (cps) declared versus 5 cents for pcp

• Net Debt decreased to $85M down $12M on the pcp

• FY15 year end NPAT forecast confirmed at greater than $17M

• Strategic financial goals set at the Annual Meeting are well on track

thl today announced a half year profit in line with updated expectations released to the market in December.

Chairman Mr Rob Campbell said: “We continue to deliver on the expectations we have provided shareholders. Further earnings improvements will be achieved in the current operations. We are now addressing appropriate smart growth opportunities. We are already the global leader in self drive RV tourist experiences and there are further opportunities to increase the scope and value of this industry segment globally. thl will remain very focused on growing earnings and flexible capital utilisation."

The business also confirmed it anticipates at least $17M Net Profit After Tax for the FY15 financial year.

Chief Executive Officer Mr Grant Webster said: “We are operating in a positive tourism environment and have addressed the core operating issues within the business. We are employing new capability and enabling the business to grow in a smart manner. It is pleasing to see the company on track for the increased year end forecast we released in December.

It’s also pleasing to see shareholders rewarded with an increased interim dividend of 7 cents per share."

ENDS

Full release with report: 25Feb15__Media__NZX_release_thl_Half_year_results_six_months_ended_31Dec14.pdf

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