thl updates FY19 earnings guidance

18 April 2019 NZX ANNOUNCEMENT TOURISM HOLDINGS LIMITED (thl) thl updates FY19 earnings guidance Tourism Holdings Limited (thl) is today providing revised guidance to its net profit after taxation (NPAT) for the 2019 financial year. The company now expects NPAT of between $25 million to $28 million for the year ended 30 June 2019. The previously announced guidance was for NPAT of around $32 million. The primary reason for the revised guidance is that the vehicle sales market in the USA has continued to deteriorate and thl's expectations for the financial year are now substantially below previous forecasts. Performance in the New Zealand and Australian markets remain on track with a solid outlook. A decisive operational and capital review of the USA operations is underway immediately. An update on that review will be provided to the market before the end of May. END Authorised by: Rob Campbell Chairman Tourism Holdings Limited For further information contact: Grant Webster thl Chief Executive Officer Direct Dial: +64 9 336 4255 Mobile: +64 21 449 210 End CA:00333500 For:THL Type:MKTUPDTE Time:2019-04-18 08:30:18