SkiStar AB

Good day and thank you for standing by. Welcome to the Ski Star year end report 1st of September 2024 to 31st of August 2025 webcast and conference call. At this time all participants are in a listen only mode. After the speaker's presentation there'll be a question and answer session. To ask a question during the session you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speakers today. Stefan Jostrand, CEO, Sarah Gennarud Uggelberg, CFO, and Henrik Lundmark, Real Estate Director. Please go ahead.

Thank you so much and good morning everyone on this call. I'm really happy to be able to present our fourth quarter of today but also and give some highlights around that but also talk a little bit about our outlook about our going forward strategy with our marketing activities but also a deep dive around our real estate development and that's why I'm really happy to have Henrik Lundmark our property director here with us today who will continue after Sarah's and myself's presentation. But first a slightly introduction of today's presentation. So we are really happy to celebrate our 50 years anniversary this year and this morning we opened up Nasdaq Stockholm stock market and it has been a great journey for us to celebrate this 50 year love story as a company working within this area of tourism. We have strengthened our position the last couple of years and I'm really proud to see that we have increased our sales. We have also made this transformation to a company who not only work on the winter season, also the transformation to a year-round business going in the right direction. Really happy to see how happy our customers are with our staff and the way our staff take care of the hospitality at our resorts as well the digitalization transformation which has happened the last couple of years. Skista has a strong position if you look into the worldwide map and sometimes Not everyone is aware about the position of, for example, the destination of Sälen and the way Sälen is presented globally on the number of ski resorts. So really proud of that. If we zoom into the Scandinavian market, we are strengthening our position this year. We are increasing our market shares slightly. And even though we have a strong position, we strengthen it even more going forward. We have a strategic framework which we are working with as a company. And for you who are a little bit observant, you can see that we have made a slightly update on this strategic framework. And the update is connected to our strategic framework. And even though it's... So maybe a small slide here. We have updated the five strategies or the five strategic initiatives to reach our financial targets. And the first one is really to focus to enhance the guest experience and that we do by investing in much more guest experiences all over. We are looking into a profitable and more sustainable growth and That's why I'm really proud also to see the increase we have of foreign guests as an example that we have made a transformation from 20% of our total international guests to this year coming up to around 40%. So this transformation is very important for our profitability going forward. We are very strong within the community and that's why we will continue to be a community builder and also work very strongly connected with the municipalities where we are located. The property development and the infrastructure, we are a large owner, not only of properties, also about infrastructure. Henrik will go through that a little bit deeper later on, but we are really proud of what we are doing within the field of property and also how much infrastructure we are working with around our destination. Lastly, but not least, is our financial strength. Today we have a financial position stronger than we have ever had before. And I would like to also let Sara give you a slightly presentation of our initiatives we have to reach our financial targets. So, Sara.

Thank you, Stefan. And we have several prioritized initiatives that should support us to reach our financial targets. And those have been divided into three different categories, which are guest experience, efficient cost allocation and property development and exploitation. And those together should enable us to reach our financial targets. and i.e. improve our operating margins. And those initiatives should also guide us internally to prioritize our own work. And if we continue with the financial targets and the outcome for the fiscal year 2024 and 2025, so if we start with organic growth, And no, we did not reach our ambition of 6% this year. And that was due to the circumstances around Easter that was late this year and also very warm. And that impacted our revenue streams and the third quarter in particular. So the revenue growth was zero this year. And if we continue with... operating margin that has increased and it amounts to 16.9 which is very good and satisfactory and if we continue with the debt situation, net debt to EBITDA it amounts to 1.5 which is a fairly low number and we have a quite significant headroom to the financial target of 2.5 The dividend policy, we have suggested a dividend per share this year for three SEKs per share. And that is an increase in comparison with last year and even in comparison with the previous year. And the dividend of three SEKs, that is equal to 43%.