Wonderla Holidays Ltd

- Chennai Park expected to be a significant growth driver; long-term goal to reach revenue/footfall levels of larger parks like Bangalore within 3-4 years. - Initial revenue for Chennai Park is around ₹11 crore for December; break-even revenue estimated at ₹50-60 crore annually. - Continued focus on increasing ARPU (Average Revenue Per User) and premiumizing offerings across existing parks to boost revenue. - Expect gradual footfall growth of around 2-3% in mature parks; some parks show flattish growth currently due to environmental factors like weather. - New parks likely to be announced and operationalized within 2-3 years, with 1-2 large parks expected. - Brand investments, digital marketing, and enhanced customer experience key to driving footfall and revenue growth. - Resorts business expansion considered but not immediate; focus remains on amusement parks first. - Longer-term horizon: potential for 6-7 parks in 5-8 years to support scale and growth.

- Chennai Park is newly operational; expected to reach peak EBITDA margins (40%-45%) over 4-5 months to a year. - Chennai Park's break-even revenue estimated at Rs. 50-60 crore; long-term revenue expected to match larger parks like Bangalore in 3-4 years. - New parks announced in Bhubaneswar (yet to break even) and Chennai; 1-2 more parks expected to be announced in next 2-3 years. - EBITDA margins have normalized to around 30% post-COVID after a 40%-50% spike due to pent-up demand; historic margins were about 40%. - Operating margin guidance: hard to predict; margins expected to mature similar to existing parks. - Profit after tax declined 29% in Q3 FY26 due to new labour code implementation and increased depreciation from new projects. - No formal guidance on EPS growth; revenue growth driven by new parks, ARPU improvement, and footfall growth expected around 2%-3% in mature parks. - Resort segment growth is strong with potential to add value over time; however, immediate expansion focused on parks. - Overall, optimistic about long-term growth driven by expansion and technology-enabled efficiencies but cautious about short-term margin predictions.

- The company is currently evaluating multiple potential new parks with several state governments at different stages of discussions. - No confirmed new park deals have been announced yet; the company plans to finalize and announce once approvals and land acquisitions are complete. - The next one or two parks could be either on bought land or leased land; both scenarios are possible including for large parks. - There are at least 3-4 ongoing conversations with state governments for new locations. - The company expects to sign at least one or possibly two to three new parks in coming periods but cannot provide exact timelines due to dependency on government processes. - Over the next 3-5 years, the company aims at expanding to 6-7 parks or possibly more, targeting pan-India presence. - Recent launches include parks in Bhubaneswar and Chennai, with more to be expected though not immediately. - Payback period for larger parks like Chennai (investment ~₹600 crore) is expected to be 7-8 years.

- The transcript does not explicitly mention any current or imminent fundraising through debt or equity. - Discussions focus on investments in new parks (e.g., Chennai Park with ~₹600 crore investment) and expansions, but no specific plans for raising capital via debt or equity are disclosed. - Management mentions ongoing land acquisitions and upcoming park projects but emphasizes that government approvals and timelines vary. - Arun Chittilappilly states they will announce new parks and projects once finalized but offers no concrete fundraising details. - Overall, while growth and new park openings are planned, there is no direct indication of fundraising activities through debt or equity in the provided transcript.

- Chennai Park investment is approximately ₹600 crore, with a payback period of 7-8 years due to its large format. - New ride addition in Bangalore Park (roller coaster) costing ₹15-20 crore, expected to launch by March/April. - No immediate plans for expanding resorts widely; focus remains on amusement parks first, with potential resort expansion in cities like Hyderabad or Cochin in the future. - Evaluations ongoing for new parks, including discussions with multiple state governments; no specific timelines or locations confirmed yet. - Future investments could include minimum one to three new parks over the next 3-4 years, depending on government approvals and land acquisition. - Both bought land and leased land options are possible for future parks; no fixed preference. - Priority remains on pan-India expansion by adding new locations, improving revenues and footfalls at existing parks, and introducing value-added offerings like resorts.