Annual Report Cover Image: Attila Photo: Prudence Upton

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Annual Report Cover Image: Attila Photo: Prudence Upton 2020 Annual report Cover image: Attila Photo: Prudence Upton Enriching Australia’s cultural life with Vision exceptional opera. To present opera that excites audiences and sustains and Mission develops the art form. TABLE OF CONTENTS 2 At a glance 3 Chief Executive Orchestra, Chorus 20 Officer’s Report 8 Click on page names or 2020 productions, Opera Australia numbers to link directly attendance 4 Artistic Director’s Report 9 Capital Fund 21 Revenue and expenditure 5 Key impacts of COVID-19 10 Development 24 Community reach 6 Reflections on 2020 11 Board and Management 28 Chairman’s Report 7 Ar tists 19 Partners 30 opera.org.au 2 At a glance 2020 2019 self-generated 43% 80% box office $10.6M $73.6M attendees 91,549 664,667 tickets sold 80,000 540,000 donations and sponsorship -28% +6% school audience 2,400 60,600 performances 108 775 performances in schools 16 313 productions new to australia 1 11 opera.org.au 3 bold = performed grey = cancelled Productions Performances Attendance La Bohème, Sydney 15 17,238 Productions Carmen, Sydney 18 23,065 Don Giovanni, Sydney 13 14,402 Performances and total attendance Opera for the People, Melbourne 1 2,200 Faust, Sydney 8 9,562 Great Opera Hits, Sydney 12 11,077 Attila, Sydney 2 1,755 La Traviata, Handa Opera on Sydney Harbour 0 0 Bran Nue Dae, Parramatta 23 9,850 Bran Nue Dae, Sydney 0 0 Bran Nue Dae, Melbourne 0 0 Bran Nue Dae, Canberra 0 0 Madama Butterfly, Melbourne 0 0 Lohengrin, Melbourne 0 0 Attila, Melbourne 0 0 Faust Teddy Tahu Rhodes as Mephistopheles, and dancers. Photo: Prudence Upton Aida, Sydney 0 0 Roberto Devereaux, Sydney 0 0 La Juive, Sydney 0 0 Eugene Onegin, Sydney 0 0 The Secret Garden, Sydney 0 0 The Light in the Piazza, Sydney 0 0 Carmen, Canberra 0 0 Rembrandts Wife, Melbourne 0 0 Rembrandt’s Wife, Sydney 0 0 Lucrezia Borgia, Melbourne 0 0 Julie Lea Goodwin in La Bohème 2019. Photo: Prudence Upton Lucrezia Borgia, Sydney 0 0 Fiddler on the Roof, Melbourne 0 0 Fiddler on the Roof, Sydney 0 0 The Ring Cycle, Brisbane 0 0 Aida, Brisbane 0 0 Joseph Calleja, Sydney 0 0 Joseph Calleja, Melbourne 0 0 Carmen, National Tour 0 0 The Barber of Seville, Schools Tour, NSW 16 2,400 Cinderella, Schools Tour, Vic 0 0 Luca Micheletti as Don Giovanni being dragged to hell by demons. Photo: Prudence Upton Totals 108 91,549 opera.org.au 4 Revenue and expenditure for OA and its controlled entities INCOME 2020 VS 2019 KEY 2020 2019 BOX OFFICE $10,633,499 $73,622,285 GOVERNMENT GRANTS $26,350,532 $26,553,780 JOB KEEPER SUBSIDY $11,441,985 $- DONATIONS + SPONSORSHIPS $13,300,411 $18,399,528 OTHER INCOME $4,143,334 $12,078,163 TOTAL $65,869.761 $130,653,756 2020 2019 EXPENDITURE 2020 VS 2019 KEY 2020 2019 ARTISTS AND STAFF $42,005,341 $63,349,307 PRODUCTION COSTS $7,236,032 $23,188,575 VENUE COSTS $3,216,113 $11,868,176 MARKETING + PROMOTION $3,298,250 $17,627,275 OTHER $13,424,530 $11,333,655 TOTAL $69,180,265 $127,366,988 2020 2019 opera.org.au 5 Community reach Own channels and broadcast 1.7M 182K 105K unique visits OA|TV2 subscribers print run 2.2M 16K hours page views1 website: opera.org.au tv.opera.org.au eNews Subscription brochures Social Channels 60.6K 24K likes followers 9.5K 22.5K 9K subscribers followers followers 1 Website visit data is low due to not selling tickets for six months 2 Launched 4 May opera.org.au 6 “ The strength of the company and its ability to survive reflects well on the foresight of predecessor Boards.” Chairman’s Report The end of 2020 could not have come Opera Australia has an essentially fixed cost relieving the company of certain KPIs Whilst 2020 has been a difficult year the quickly enough for Opera Australia (OA). structure relying heavily on box office revenue which were unable to be met under OA team has responded magnificently. We have experienced possibly the most from the programs we offer each year. The conditions of COVID. Our thanks go out to all of you, our dedicated challenging year. absence of such revenue combined with the colleagues, you have been resolute in assisting Towards the end of the 2020 calendar year, obligation to refund prepaid tickets naturally Opera Australia through a most unusual and OA began the year with an exciting operatic we entered into arrangements to sell our placed a huge and unexpected burden on the unexpected period. Our thanks also go to our program and in a sound financial position; Alexandra warehouse. The sale has been company. Whilst we started the year with patrons, sponsors and governments both we ended the year after having survived in contemplation for some time as the a strong cash position following the sale State and Federal for their support. a cash crisis and with a huge drain on our board recognised that we could secure of our Melbourne offices, the obligations modest profitability. In March unexpected warehousing facilities further from the city Following news of lockdowns many ticket on ticket refunds combined with our desire forces came into play; Attila was cancelled and improve our capital management. holders and subscribers converted tickets to ensure retention of our highly skilled team after two performances, Handa Opera The advent of COVID accelerated the sale to donations. We thank them so much for of talented singers and members of our on Sydney Harbour had to be entirely and in early 2021 the sale was completed. confirming opera’s importance in the lives orchestra had a significant impact on our dismantled days before opening. We have agreed to lease back the facility of Australian audiences. cash resources. The importance of retaining The lockdowns and cancellations totally for two perhaps three years as we identify our skilled staff demanded we introduced There have been exceptional demands placed disrupted our Sydney and Melbourne a suitable, long-term replacement site. operas, The Ring Cycle planned for late 2020 a safety net financial package for employees. on our senior management. The Board asked in Brisbane and our touring programs. This unsurprisingly has resulted in a huge The sale of the warehouse reinstates the a lot of them, and they readily responded outflow of cash from the company. The plans The pandemic obviously had a major company’s cash position and provides the to such unexpected demands. Our eternal we put in place enabled our staff to receive impact on our financial wellbeing and financial resilience for Opera Australia to gratitude goes to the leadership team of Rory remuneration of up to 80% of their pre- on our dedicated professional staff. rebuild after activity returns to more normal Jeffes and Lyndon Terracini without whose existing package (after allowing concessions conditions. We recognise that the rebuilding tireless efforts OA would not have completed Results for the year show an operating on long service leave and holiday leave). will be a slow, uncertain process. Whilst it the year so well. Thank you all so much. loss of $7,105,727, reduced to a loss of is far too early, we expect 2021 to also be $2,974,416 following receipt of bequest Reluctantly, we have had to reduce our Finally, I want to thank my Board. We have a difficult year as numbers at the box office income and distributions from the Capital workforce in certain areas. This resulted asked so much more of Directors this past slowly build and we face further challenges. Fund. OA concluded the financial year with in a degree of disruption but was essential year and indeed in the current year. I know total equity of $39.1 million, down from if we were to remain financially stable. OA is particularly proud to have been the we would not have achieved so much without $42 million the previous year. The strength Government support in the form of the first arts company to recommence opera their strong support and firm commitment. of the company and its ability to survive JobKeeper program was invaluable to the performances in Australia with The Merry reflects well on the foresight of predecessor company and our employees. The Board Widow in January 2021. With opera still Boards who wisely secured valuable real also acknowledges the support of the very much in shutdown throughout the estate assets and established the Opera Australia Council which assisted our cash world our reopening is both a first and Australia Capital Fund. position by advancing 2021 grants and a proud achievement. David Mortimer AO opera.org.au 7 “ Our high fixed cost base and forward commitments immediately made this the biggest crisis in the Company’s history.” Chief Executive’s Report 2020 was a year that tested the Company – Much has been written about the effects of stress of the organisation, and I pay tribute environment as possible. This approach, and indeed the whole performing arts sector the pandemic on individuals and communities to this team of individuals for their commitment tied to innovative initiatives such as –like no other. It started well in January, – and no doubt it will be talked about for and dedication in navigating the constantly instigating the world-first fast antigen with the whole organisation firing on all many years to come. What became clear to changing environment with the intense testing procedure for performers to cylinders in presenting outstanding full-run us was that any thoughts on how it would play pressures that evolved and morphed ensure they were COVID negative before performances of La Bohème, Don Giovanni out were based solely on hope or fear – as throughout the year.
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