THL Interim Results FY20

28 February 2020 NZX | MEDIA RELEASE TOURISM HOLDINGS LIMITED (thl) HALF-YEAR RESULTS TO 31 DECEMBER 2019 thl retains year end forecast expectations of around $24M NPAT o Net profit after tax (NPAT) of $13.1M - down on the prior period by 25%, largely impacted by the USA vehicle sales market and ongoing investment in Togo Group. o Interim dividend of 10 cents per share declared, fully imputed. Cash dividend yield of 7.8%. o The global rentals business continues to perform well, delivering revenue growth in New Zealand and Australia. o FY20 NPAT expectation remains around $24M. Chairman, Mr Rob Campbell, said "We maintain our global strategy and focus on capital discipline". A dividend of 10cps is declared, fully imputed. Based on the share price as at close on 26 February 2020 and assuming a repeat of the same dividend at year end, this represents a cash yield of 7.8%. CEO, Mr Grant Webster, said "We have a strong balance sheet and market position. Thus we have confidence in the future of thl, despite the difficult trading environment in some markets at present. The teams globally are intensely focussed on performance and delivery in every aspect of the business". The outlook and the full results presentation and commentary is available at www.nzx.com and www.thlonline.com. 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 Jennifer Bunbury thl Chief Financial Officer Direct Dial: +64 9 336 4212 Mobile: +64 21 118 4955 End CA:00349130 For:THL Type:HALFYR Time:2020-02-28 08:31:36