For personal use only use personal For

GAMES THEME PARKS ENTERTAINMENT For personal use only

Kung Fu Panda, Madagascar, Shrek © DreamWorks Animation The People The Business Financial Reports Sustainability 04 Chairman’s message 10 Asset Locations 46 Income Statements 50 Committed to the Future & Statements of and Wildlife 06 CEO & Managing 12 Main Event Entertainment Comprehensive Income Foundation Director’s message 18 Health Clubs 47 Balance Sheets 08 Meet the Board and 24 Theme Parks Senior Management 48 Statement of Changes Dreamworld cover images 34 Bowling & Entertainment in Equity reproduced with permission. © 2015 Pty Ltd. 40 Marinas 49 Statement of Cash Flows , Madagascar, Shrek © DreamWorks 48 Corporate Directory Animation.

The fun starts here. Ardent Leisure Group is a leading leisure and entertainment business with a diverse portfolio of premier assets encompassing theme parks, tenpin bowling and family entertainment centres, health clubs and marinas. The businesses, owned and

For personal use only use personal For operated by the publicly listed Ardent Leisure Group, have in common the delivery of outstanding guest experiences, exceptional customer service and exposure to growth markets. Our activities already span Australasia and are expanding across the United States.

ARDENT LEISURE 3 THE PEOPLE Message from The Chairman Neil Balnaves AO

elcome to Ardent Leisure. understanding across retail sales, product broadening the skills available in the The past 12 months have development, marketing, licensing, areas of marketing, tourism, investment W seen signifi cant changes communications, digital innovation, and new technology. to the strategic direction and culture of customer service and leadership. In the United States, the past the Group and I would like to take this The renewed customer focus, along 12 months has seen a measured opportunity to share the Board’s vision with our continued commitment to the acceleration of the development of with our investors, employees, partners Group strategy has been supported through new Main Event Entertainment centres. and other stakeholders. the appointment of two highly regarded With 20 centres, Main Event now In 2012, the Group commenced and experienced non-executive directors, represents the Group’s largest business a growth strategy for the Main Event Melanie Willis and David Haslingden. by contribution to earnings. The Group Entertainment business and this strategy Melanie is currently a non-executive will benefi t from further growth in US has seen that business increase its director of Mantra Group and Pepper earnings and the continued weakness of contribution to Group earnings from Group and has signifi cant experience in the Australian dollar against the US dollar. 14% in FY12 to 35% in FY15. The the global fi nancial, investment banking Main Event is now the fastest-growing Group will continue to execute on its and professional services sectors along bowling-anchored family entertainment United States growth strategy and will with extensive exposure to domestic and chain in the United States. The successful also drive increased revenue from the international leisure related businesses. launch of new Main Event Entertainment existing Australian brands through the delivery of superior customer experience and the development of leading edge “The past 12 months have seen signifi cant digital capabilities. changes to the strategic direction and culture of As part of the Group’s capital management strategy, in August the Group … [There has been] a refocus for the 2015 Ardent Leisure extended its Group squarely on the customer – the customer Australian and US dollar debt facilities experience, value proposition and service.” and increased its US dollar facility by US$120.0 million to US$280.0 million. This facility, along with the support from David is the non-executive chairman centres outside of Texas has validated a US-based institutional real estate of Nine Entertainment Co. Holdings the Group’s ability to operate outside investor of up to US$100.0 million, Limited and he also owns a network of of Texas. Expansion across the Southern combined with the use of both the television production companies. David and Mid-West states continues with Distribution Reinvestment Plan and has extensive international experience seven new centres scheduled to be retainedonly use personal For earnings, will provide fi nancing working for Fox Networks Group and opened in FY16, of which six are for the planned expansion of Main Event as CEO of Fox International Channels. outside of Texas, and another eight over the next two years. His international relationships will be sites signed off for FY17. The appointment of Deborah Thomas of benefi t to the Board as the Group The Group’s Goodlife Health Club as Group CEO in March 2015 signalled expands its operations further in business has seen improved membership a refocus for the Group squarely on the the United States. growth and attrition levels as the customer – the customer experience, These appointments serve to conversion of clubs to 24-hour, seven day value proposition and service. Deborah strengthen the Board in key commercial a week operation counters the challenge has a wealth of experience and areas and strategic direction as well as from low-cost franchise 24/7 clubs.

4 ARDENT LEISURE / ARDENTLEISURE.COM THE PEOPLE

While the sector remains highly competitive, Goodlife is positioned to compete strongly through the combination of 24/7 access, a broad service offering and superior customer service. In , the Theme Park division has seen a renewed drive to strengthen the customer service culture and to improve customer experience through people, service and unique entertainment offerings and products. The division is expected to directly benefi t from the nearby Coomera Town Centre development, the Gold Coast Commonwealth Games in 2018 and the anticipated increase in inbound international tourism to the area. Dreamworld, SkyPoint and WhiteWater From top: The exterior design of the Main Event Entertainment centres in the US; Goodlife Health World will further develop their unique Clubs are generating improved sales by changing to 24/7 operation. experiences including the Indigenous precinct of , The Bowling division, comprising by a portfolio rationalisation to ensure that Tiger Island and SkyPoint Climb. the AMF and Kingpin brands, is set to our venues offer the best experiences in Dreamworld’s focus on endangered transition from predominantly single the right locations. species and education about conservation, activity bowling centres to contemporary, In our Marina division we are combined with the public’s support, multi-attraction venues combining the seeking to identify opportunities to create has raised over A$2 million for wildlife variety of entertainment that has made world-class leisure and entertainment conservation projects. This internationally Main Event successful. This will include hubs in strategic locations to drive recognised fund is committed to quality food and beverages and a greater patronage and a sense of community. projects that protect threatened and focus on amusement machines. The Group is also investigating endangered wildlife. The highly successful launch of the opportunities to maximise the use of The focus on improving customer multi-attraction Kingpin in Darwin in land adjacent to our marina berths to

For personal use only use personal For experience was recognised during August 2015 has shown the possibilities create leisure venues in what are some the year with Dreamworld voted of family entertainment centres based on of Sydney’s most beautiful locations. Queensland’s Best Major Tourist a Main Event model in in key On behalf of the Board, I would Attraction and Australia’s Third Most strategic locations. The key learnings from like to thank our customers, investors, Popular Tourist Attraction in the National this and the US will inform a signifi cant business partners and employees Tourism Awards. Dreamworld was also investment in a fl agship venue located in for their support throughout the year. named the top amusement / water Melbourne’s popular Crown Casino. I know that our stakeholders share the park in the South Pacifi c in the annual The Bowling division’s repositioning excitement and enthusiasm for the TripAdvisor Travellers’ Choice awards. to multi-entertainment will be supported opportunities ahead.

ARDENT LEISURE 5 THE PEOPLE Message from The Group Chief Executive Offi cer Deborah Thomas

elcome. As the recently our online transactional capabilities feedback about what they do and don’t appointed CEO of Ardent with upgraded websites at Goodlife, like, as well as offer new experiences W Leisure Group, it is my AMF Bowling and Main Event. and targeted offers that suit particular pleasure to update you on how our Recently we completed a strategic customer interests, demographics, business is performing, and share our review of the sales and marketing location and budget. strategy to deliver growth and improved functions across our businesses to We have commenced building performance in the future. identify revenue growth opportunities. a digital marketing platform to create Put simply, our businesses create These opportunities include better a single source of customer data. the best value leisure and entertainment ways to leverage our partnerships with This will facilitate a targeted loyalty experiences for our customers across leading entertainment brands such program that rewards and recognises Australia, New Zealand and the United as DreamWorks Animation to create all of our existing customers and States. The Group received approximately unique products that add excitement cross-promotes our experiences, brands 15 million visitations to our venues over to our businesses. and products across the Group. the past year. We are about great value for money, family occasions, customer “The Group received approximately 15 million service and satisfaction – the things that happy memories are made of. visitations to our venues over the past year. Over the past 10 years, the Group We are about great value for money, family has transitioned from predominantly occasions, customer service and satisfaction a Property Trust to an owner and operator of leisure and entertainment – the things that happy memories are made of.” experiences designed to bring joy and fun into people’s lives. Moving forward, investment in digital MAIN EVENT ENTERTAINMENT In order to make our customers innovation is a key focus for the Group Outstanding results continue at our happy, we need to combine a deep to drive improved performance. There are Main Event Entertainment business understanding of their needs and currently a range of technologies under in the United States, with total revenues expectations with a focus on great development across the businesses that of US$143.6 million in the last fi nancial service and innovation. Our aim is to will be deployed to enhance in-venue year, up 60.9% on the previous year. get more people to visit more often, and customer experience, drive higher An EBITDA of US$36.7 million was spend more when they are with us. average transaction spend and maintain recorded for the year, representing an This year there has been a strong ongoing engagement with customers increase of 63.8% on the prior year. focus on improving the quality of the food when they leave our venues. The During the year, Main Event opened andonly use personal For beverages at Main Event, Theme businesses are all well advanced with six new centres, bringing the total Parks and Bowling, and enhancing the new mobile applications, which will be number of centres now operating to 20. value of our Health Club memberships by launched later this year. Main Event plans to open a further converting gyms to 24-hour, seven day We plan to use the improved digital seven centres in FY16 and eight in a week operation. We are also reviewing engagement with our customers to FY17. However, we consider there opportunities in key locations to convert capture their information more effectively. is potential for further growth over some of our traditional bowling centres The collection and consolidation of our the next two years and management to multi-attraction Family Entertainment customer data will enable us to conduct is actively pursuing opportunities for Centres, and have also improved real-time conversations and monitor additional new sites.

6 ARDENT LEISURE / ARDENTLEISURE.COM THE PEOPLE

Clockwise from top left: d’Albora Marina Rushcutters Bay in Sydney; crowds are fl ocking to get caught in The RIP at WhiteWater World; Kingpin in Darwin opened on August 5, 2015 and is the fi rst time that Main Event branding has been used on an Australian asset.

HEALTH CLUBS the prior year. This result was impacted to Dreamworld, we have started work Goodlife Health Clubs recorded total by one-off costs associated with the on a comprehensive master plan to revenues of A$178.4 million for the year, closure of AMF Randwick in Sydney. identify, scope and plan game-changing up 8.7% on the prior year. An EBITDA of Playtime Highpoint in Victoria was initiatives to take advantage of the A$28.2 million was recorded against an acquired in November 2014, in line increased number of residents and EBITDA of A$34.0 million for the prior with our strategy to build a stronger visitors to the area. year, due to increased competition from amusement game segment, and 24/7 gym operators. Importantly, the trends AMF Revesby (NSW) opened in April MARINAS for Goodlife have improved, with growth 2015. The new multi-attraction, D’Albora Marinas recorded total revenues in the number of memberships, strong stand-alone Kingpin in Darwin (NT) of A$23.0 million for the year, against improvements in member retention across opened on August 5, 2015 and is A$23.5 million in the prior year. An the portfolio and improved sales results, delivering well above expectations. EBITDA of A$10.2 million was recorded particularly from clubs that have converted for the year, 2.4% less than prior year to 24-hour, seven days a week trading. THEME PARKS EBITDA of A$10.4 million. The conversion to 24-hour trading The Group’s Theme Park division – The performance of the business was in Goodlife Health Clubs is progressing including Dreamworld, WhiteWater World negatively impacted in the fourth quarter well, with 26 clubs currently converted and SkyPoint – delivered a solid result due to reduced fuel sales and interruption and a further 19 clubs expected to with total revenues of A$99.6 million from the works associated with the transition to the extended trading hours for the year, against prior year revenues A$5 million redevelopment of The Spit by the end of the 2016 fi nancial year. of A$100.1 million. An EBITDA of marina. This redevelopment will enhance Hypoxi US remains on track to A$32.0 million was recorded for the year existing facilities, increase capacity by open two new showpiece studios in against an EBITDA of A$32.8 million 24 berths and allow for berthing of Arizona in Q2 FY16. These studios will for the prior year. vessels of up to 36 metres in length.

For personal use only use personal For be used as a foundation for a future US During the year Dreamworld opened and Canadian franchise roll-out. four new food and beverage outlets, With great people and a “customer fi rst” including a pizzeria and cafe, to further culture, the Group is well placed to take BOWLING DIVISION improve the customer experience. advantage of the opportunities ahead. The Bowling division recorded total A new ABC Kids World opened in time We will continue to invest judiciously revenues of A$116.5 million, against for the July 2015 school holidays. as well as look for new and exciting prior year revenues of A$113.9 million. To maximise the opportunities leisure experiences to grow our portfolio, An EBITDA of A$14.0 million was associated with the development of the increase the top and bottom line and recorded for the year, up 1.6% against new Coomera town centre adjacent improve shareholder value.

ARDENT LEISURE 7 THE PEOPLE The Board of Directors

Neil Balnaves was appointed as Chair of the Ardent Leisure Group in 2001. Neil has worked in the entertainment and media industries for more than 50 years, previously holding the position of Executive Chairman of Southern Star Group Limited, which he founded. Neil is a Trustee Member of Bond University and has an Honorary Degree of Doctor of the University. He is a member of the Advisory Council and Dean’s Circle of the University of New South Wales (Faculty of Medicine) and in 2010 received Neil Balnaves AO an Honorary Doctorate of Roger Davis David Haslingden the University. Neil is a Board Member of the Art Gallery of South Australia, is a Director of Non-Executive Technicolor Australia Limited Roger Davis was appointed David Haslingden was Chair and serves on the boards a Director in 2008. He brings appointed a Director in July of numerous advisory and to the board more than 35 2015. The current Chairman community organisations. He years of experience in banking and a Non-executive Director of is also a Foundation Fellow and investment banking in Nine Entertainment Co., David of the Australian Institute of Australia, the US and Japan. owns and operates the RACAT Company Directors. In 2006, Roger is presently Chairman Group of television production Neil established The Balnaves of the Bank of Queensland, a companies in Australia and Foundation, a philanthropic Consulting Director at Rothschild overseas, including Natural fund that focuses on education, (Australia) Limited and holds History New Zealand, Northern medicine and the arts. In non-executive directorships Pictures and ZooMoo. He is 2010, Neil was appointed at Argo Investments Limited, also a Director of US charity an Offi cer of the Order of Aristocrat Leisure Limited and WildAid, having been Chairman Australia for his services to AIG Australia Limited. He holds for the eight years prior to 2015. business and philanthropy. a Bachelor of Economics (Hons) Previously, David was President from the University of Sydney and Chief Operating Offi cer of and a Master of Philosophy Fox Networks Group and Chief from Oxford. He is a Certifi ed Executive of Fox International Practising Accountant. Channels. David holds a BA and LLB from the University of Sydney and a LLM from the University of Cambridge.

Management

Richard Johnson For personal use only use personal For Chief Financial 0fficer

Richard Johnson is the Chief Financial Offi cer for the Ardent Leisure Group. After practising as a Chartered Accountant in London from 1988 to 1993, Richard specialised in the sports and leisure industry, whe re he now has over 22 years’ experience. Until 2003 he occupied a number of senior fi nancial positions in Europe for IMG, the Mark McCormack group of sports marketing companies. Richard moved to Australia with his family in 2003 and was CFO and acting CEO of the Football Federation Australia prior to joining the Group in December 2004. Richard is a Fellow of the Institute of Chartered Accountants in England and Wales.

8 ARDENT LEISURE / ARDENTLEISURE.COM THE PEOPLE

Don Morris AO Deborah Thomas George Venardos Melanie Willis

Don Morris was appointed Deborah Thomas was George Venardos was Melanie Willis was appointed a Director in 2012 and brings appointed a Director in appointed a Director in 2009. a Director in July 2015, bringing signifi cant experience in December 2013. In March His other ASX-listed Non- signifi cant experience in the advertising and marketing. Don 2015, she was appointed executive Director positions global fi nancial, investment was a founding principal of Mojo Group Managing Director include IOOF Holdings Limited banking and professional Australia Advertising, creators and Chief Executive Offi cer. and BluGlass Limited. A Chartered services sectors. Melanie has of iconic campaigns, including Deborah brings to the board Accountant with expertise in had extensive exposure to Paul Hogan’s ‘Shrimp on the 28 years of experience in media fi nance, accounting, insurance leisure-related businesses and Barbie’ campaign for Australian and a deep understanding of and funds management, George is currently a Non-executive tourism. He was Chair of both the product innovation, marketing, previously was Group Chief Director of Mantra Group and Australian Tourist Commission and retail sales, advertising and Financial Offi cer of Insurance Pepper Group. Previously she Tourism Queensland and a former digital communications. She Australia Group and fi nance was Chief Executive Offi cer non-executive director of six was previously Editorial Director director of Legal & General Group of NRMA Investments where ASX-listed public companies. Don across Bauer Media’s women’s in Australia. He has a Bachelor she was responsible for the holds a Bachelor of Economics lifestyle magazines and custom of Commerce in Accounting, tourism and leisure portfolio. She from Monash University. He is publishing, taking responsibility Finance and Systems from the holds a Bachelor of Economics an Adjunct Professor at Griffi th for editorial direction, customer University of New South Wales. from the University of Western University and an Honorary relationships, corporate He is also a Fellow of The Institute Australia, a Masters of Law (Tax) Doctor of the University. His marketing, public affairs and new of Chartered Accountants, the from the University of Melbourne current directorships include revenue streams. She is also Australian Institute of Company and a Company Director Diploma Ausfl ag Limited and The Sport Deputy Chair of the National Directors and the Taxation from the Australian Institute of and Tourism Youth Foundation. Library of Australia. Institute of Australia. Company Directors.

Alan Shedden For personal use only use personal For Company Secretary

Alan Shedden was appointed to the position of Secretary of the Group in September 2009. Alan has over 17 years of experience as a company secretary. Prior to joining the Ardent Leisure Group, he held positions at Brookfi eld Multiplex Ltd and Orange S.A., the mobile telecommunications subsidiary of France Telecom S.A. Alan also acts as Group General Manager Corporate Services and provides guidance for human resources, health and safety, insurance, Australian Financial Services (AFS) licence compliance and energy effi ciency functions. He has a degree in business studies and is a Fellow of the Institute of Chartered Secretaries and Administrators.

ARDENT LEISURE 9 ASSET LOCATIONS Australia & New Zealand Ardent Leisure Group’s businesses span Australasia

DARWIN

TOWNSVILLE

NT

QLD BRISBANE

WA DREAMWORLD COOMERA

SKYPOINT SA SURFERS PARADISE

NSW PERTH NELSON BAY AKUNA BAY SYDNEY

CANBERRA ADELAIDE MELBOURNE AUCKLAND

TAS

CHRISTCHURCH HOBART

ACT NSW NT QLD SA TAS VIC WA NZ TOTAL 4 4

212 841104243

2111 1 6

325 For personal use only use personal For

6* 22 12 23 15 78

527

*Includes 2 stand-alone HYPOXI Australia studios – Sydney CBD Central and Randwick

10 ARDENT LEISURE / ARDENTLEISURE.COM ASSET LOCATIONS United States of America Our Main Event network of centres is expanding across the USA

WARRENVILLE HOFFMAN ESTATES

INDEPENDENCE

FORT WORTH (NORTH) ILLINOIS LEWISVILLE LOUISVILLE HYPOXI SCOTTSDALE HYPOXI ALBUQUERQUE GRAPEVINE FRISCO PHOENIX MISSOURI KENTUCKY TENNESSEE MEMPHIS

ARIZONA OKLAHOMA NEW MEXICO TULSA ALPHARETTA

PHOENIX - AVONDALE GEORGIA OKLAHOMA CITY ATLANTA PHOENIX - TEMPE TEXAS LUBBOCK PLANO

FORT WORTH (SOUTH)

AUSTIN SHENANDOAH WEBSTER SAN ANTONIO (NORTH) KEY STAFFORD = Under construction SAN ANTONIO (SOUTH) PHARR KATY

20 2 For personal use only use personal For NEW MAIN EVENT CENTRES TO OPEN BY 30 JUNE 2016 = 7

VISITS TO ALL MAIN EVENT CENTRES EACH YEAR = 10 MILLION+

ARDENT LEISURE 11 THE BUSINESS 1. Main Event Entertainment

Main Event turns ordinary days into FUN days, with bowling-anchored entertainment centres featuring state-of-the-art bowling, laser tag, high ropes adventure courses, billiards and video games, plus chef-inspired dining options. With full service catering

andonly use personal For private rooms, Main Event centres are ideal for special events, birthday parties, and social or corporate gatherings, and are consistently ranked as the “Best Place to Bowl” and “Best Party Place”. There are 20 centres across the US, with more on the way.

12 ARDENT LEISURE / ARDENTLEISURE.COM Pot the shot on any of a sweep of pool tables at Main

Event centres. For personal use only use personal For THE BUSINESS / MAIN EVENT The fun never stops “People are only coming to us for one reason and that’s to have fun. So our goal is to ensure that every person who visits one of our centres can let their fun out. It thrills me to see our guests creating lasting memories when they play at Main Event.”

CHARLIE KEEGAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER, MAIN EVENT ENTERTAINMENT

at. Bowl. Play. These three Main Event Entertainment words are the key to FUN joined the Ardent Leisure Group E at Main Event Entertainment. in 2006 and it has become a When the doors opened in Plano, major part of the business. In the Texas in 1998, Main Event exploded last three years, Main Event has conventional ideas about bowling doubled its portfolio to 20 centres and the public responded eagerly. across the United States, with These entertainment centres another 15 planned to open over deliver a whole lot more than the next two fi nancial years. traditional bowling – they offer fun In 2014-2015, the division activities for people of all ages, with provided 35 per cent of Ardent multi-level laser tag, billiards, more Leisure Group’s total earnings. than 100 virtual and interactive Listening to what the customer video games, a full service bar and wants is at the heart of this success a choice of dining – featuring a – whether that’s unlimited play for chef-inspired menu and a pizza cafe. a select activity, parties catered by Select locations also offer high-fl ying an executive chef, or a wider choice gravity ropes, rock climbing, mini of margaritas. It’s also the key to golf, bocce ball and karaoke. ensuring that every guest has FUN. Charlie Keegan PRESIDENT AND CHIEF EXECUTIVE www.mainevent.com OFFICER, MAIN EVENT ENTERTAINMENT

Hospitality is Charlie Keegan’s life. He joined Main Event Entertainment as CEO in 2006 and has been instrumental in transforming the company’s bowling centres into entertainment zones – or, as he puts it, “an entirely new category of fun”. Charlie has had 25 years in hospitality and has brought lessons from his former role with Applebee’s International, one of the world’s largest casual dining businesses, to redefi ne the restaurant model at Main Event centres. This has been a key to the company’s expansion, along with Charlie’s commitment to recruiting “noticeably better people and creating a noticeably distinctive culture” as Main Event sets the standard for guest service.

CURRENT NUMBER NEW CENTRES VISITS TO ALL TEAM MEMBERS For personal use only use personal For OF MAIN EVENT TO BE OPEN MAIN EVENT CENTRES EMPLOYED IN EACH CENTRES IN 2016 EACH YEAR CENTRE

207 10MILLION

14 ARDENT LEISURE / ARDENTLEISURE.COM Main Event has all the bases covered when it comes to fun. Bars stocked with premium brands, a wide choice of the latest arcade game machines and, of course, great bowling, keep the

smiles coming. For personal use only use personal For THE BUSINESS / MAIN EVENT Events for everyone “It is not just for kids! Main Events offers a full liquor bar. I went with a small group of friends for my 30th birthday and we played laser tag for a few hours utilizing the $5 All You Can Play single activity special. My friends all had a blast and thanked me for giving them the ultimate cardio workout!”

JESSICA WEST ON MAIN EVENT, TEMPE, ARIZONA, GOOGLE REVIEWS

veryone can let their fun out arenas, and with each round limited Below: Bowlers Main Event centres also offer at Main Event Entertainment, to 15 minutes, they don’t have can enjoy the full service catering and private action from E from the young to the young to wait long for the next game. lounge areas rooms equipped with the latest at heart. Limited time offers such Billiards players can rack ’em up with food and audio-visual technology, making as FUNpass, offering unlimited on regulation-sized billiard tables, drinks service. them popular for special events play, and Monday Night Madness, and gamers can choose from a such as birthday parties, social featuring three great deals, are huge selection of interactive and gatherings, and corporate team- successful cross-generational virtual games. New chef-inspired building experiences. However, promotions. dining options for all tastes, you don’t need a special occasion Bowlers enjoy state-of-the including casual American dining, to visit Main Event. It’s the perfect art lanes complete with black a stand-alone pizza café and a place for a get-together after lights, music, soft seating and food full bar, featuring premium liquors, work or to go with family and and drink service. Laser tag fans local and craft beers, complete friends to have FUN and create consistently praise the multi-level the experience. lasting memories.

TOTAL MAIN EVENT REVENUE AVERAGE MAIN EVENT TOTAL REVENUE For personal use only use personal For IN 2014–2015 CENTRE ANNUAL INCREASE FROM REVENUE 2013-2014 TO 2014-2015 % US$ US$ 143.6MILLION 7.7MILLION 60.9

16 ARDENT LEISURE / ARDENTLEISURE.COM Main Event’s goal is to ensure every person – from fi ve years old to 75 years young – has a great time. Tasty food and a vast choice of

activities achieve this. For personal use only use personal For THE BUSINESS 2. Health Clubs

As one of the country’s fastest-growing gym networks, Goodlife Health Clubs is supporting more than 210,000 members across 76 locations to live more active lives. Many clubs now operate 24/7, so members can work out when it suits them.only use personal For And to improve the customer experience further, Goodlife has partnered with online fi tness phenomenon Emily Skye to provide unique training solutions and programming.

18 ARDENT LEISURE / ARDENTLEISURE.COM For personal use only THE BUSINESS / HEALTH CLUBS Goodlife Health Clubs “For us, it’s an extraordinary opportunity to work in a business where we have the ability to change people’s lives in such a positive manner. That’s why I’ve been involved in this industry for 35-plus years and continue to be.”

GREG OLIVER, CHIEF EXECUTIVE OFFICER, GOODLIFE HEALTH CLUBS AND HYPOXI

he fi tness industry is an The addition of 24/7 access expanding market, with has bolstered Goodlife’s competitive T an estimated 3.2 million advantage, with members loving Australians visiting a gym in 2013- the fl exibility of being able to train 2014. Goodlife Health Clubs is when it suits them. helping many of these people take A focus on high-quality customer the fi rst, and often hardest, step service also sets Goodlife apart to improving their fi tness. from its competitors, whether that’s Goodlife gyms offer fi tness providing members with tools for solutions for people from all walks goal-setting or offering innovative of life, with the latest strength and health and fi tness programs such cardio equipment, state-of-the-art as 12 Week Challenge, Fitter cycle studios, a huge variety of Faster Stronger, Goodlife Games group exercise classes and fl exible and Acceler8. The gyms’ stable of timetables and child minding. 1200 personal trainers are also Responding to the shift in on hand to help, and can create a exercise trends from cardio to personalised program so members CrossFit, Goodlife has installed achieve the results they want. dedicated functional training Adding a digital element to zones and equipment across its its offering, Goodlife has forged a Greg Oliver gyms. Boutique class formats partnership with Emily Skye – one CHIEF EXECUTIVE OFFICER, building on the popularity of barre of the world’s biggest online fi tness GOODLIFE HEALTH CLUBS AND HYPOXI and kettlebell training have also identities, with 7 million followers. With a career spanning more than three been added to the 50+ group A new website, e-commerce platform decades, Greg Oliver (pictured above fi tness classes on offer. Selected and a new app that integrates with Emily Skye) is one of Australia’s clubs even provide virtual classes, with all of the leading wearables most respected health and fi tness allowing members to work out at are just some of the other ways industry executives. He is renowned for his entrepreneurial drive and ability their own pace during off-peak Goodlife is improving the member to identify unique market opportunities. times at the touch of a button. experience in club and online. Since 2010, he has expanded the Goodlife Health Clubs’ footprint to 76 clubs nationally, making it Australia’s www.goodlifehealthclubs.com.au largest non-franchised full-service gym network. He previously owned and managed a number of franchised and multi-club gym chains, and in 2013 was inducted into the Fitness Australia Industry Roll of Honour.

GOODLIFE GOODLIFE HEALTH CLUBS THE NUMBER OF HEALTHonly use personal For CLUBS ACROSS MEMBERS AUSTRALIANS WHO USED AUSTRALIA A GYM IN 2013-2014

76214,500 3.2MILLION

20 ARDENT LEISURE / ARDENTLEISURE.COM Goodlife Health Clubs offer small group training as well as 50+ group fi tness classes, and are equipped with the latest strength and

cardio exercise equipment. For personal use only use personal For THE BUSINESS / HEALTH CLUBS Weight-loss ways “I could not be more pleased with the HYPOXI results. The cellulite on the back of my thighs is almost gone, along with the saddle bags I have been sporting for years!”

TARA, WWW.HYPOXI.COM.AU

he HYPOXI-Method is as well as two stand-alone studios another way Goodlife helps in Sydney, with more to come. It T members get the body shape also has distribution rights to the they want. Developed in 1997 by HYPOXI-Method in the US, and Austrian sports scientist Dr Norbert launched its fl agship studio in Egger, it combines healthy nutrition, Scottsdale, Arizona in October 2015. low-impact exercise and vacuum and compression technology to target GET ACTIVE problem areas of fat and cellulite. Goodlife Health Clubs has launched The HYPOXI-Method has been a tablet-based on-boarding platform scientifi cally proven to be three – Get Active – to improve the new times more effective at targeted member experience. As a result, fat burning than traditional exercise. Goodlife now knows more about Impressively, clients lose an average its members’ aspirations and goals of 26cm from the problem area than ever before and can use within just four weeks. those details to better target its Each HYPOXI-Method session products. Get Active also creates takes only 30 minutes and is super- additional revenue by presenting easy to complete and incorporate new members with optional value- into the usual weekly fi tness routine. adds such as personal training It’s particularly popular with new mums and specifi c programs. wanting to get back into shape. The My Goodlife 24/7 member Ardent Leisure Group gained hub is also in development. It will exclusive distribution rights for the let members access expert health HYPOXI-Method in Australia and and fi tness content, as well as tools New Zealand in March 2014, and to help them track their progress, has installed 12 HYPOXI-Method downloadable workouts, meal plans, studios into Goodlife Health Clubs, shopping lists and music playlists. HYPOXI Australia studios are already in 12 Goodlife clubs.

www.hypoxi.com.au

HYPOXI-METHOD ACQUIRED GOODLIFE HEALTH CLUBS TOTAL THE NUMBER OF BY ARDENT REVENUE 2014-2015 HYPOXI AUSTRALIA STUDIOS IN AUSTRALIA

A $ 2014only use personal For 178.3MILLION 14

GOODLIFE AND HYPOXI AUSTRALIA STUDIOS

NSW QLD SA VIC WA Total

Goodlife Health Clubs 4 22 12 23 15 76

HYPOXI Australia 3 3 2 6 14

22 ARDENT LEISURE / ARDENTLEISURE.COM Goodlife Health Clubs continue to evolve. By 30 June 2016, 45 gyms will offer 24/7 member access. Emily Skye (below) is also providing unique

fi tness programming. For personal use only use personal For THE BUSINESS 3. Theme Parks

Ardent Leisure Group owns Australia’s largest theme park destination, Dreamworld and neighbouring WhiteWater World on Queensland’s Gold Coast. These parks have something for everyone, from exhilarating thrill rides and wild animal

encountersonly use personal For to venues for corporate events. Another attraction is SkyPoint at the Q1 Building in Surfers Paradise, with its observation deck and outdoor adventure climb. All deliver unrivalled experiences in Australia’s most popular tourist destination.

24 ARDENT LEISURE / ARDENTLEISURE.COM THEME PARKS / THE BUSINESS

Kung Fu Panda, Madagascar, Shrek © DreamWorks Animation Shrek © DreamWorks Fu Panda, Madagascar, Kung For personal use only use personal For

ARDENT LEISURE 25 THE BUSINESS / THEME PARKS Dreamworld / WhiteWater World Thrills & spills “Dreamworld is for everyone … and our teams’ absolute focus is on creating happy memories for every guest – young or old – visiting our properties.”

CRAIG DAVIDSON, CHIEF EXECUTIVE OFFICER, THEME PARKS

xcitement (and some heroes come to life – visitors trepidation) grips visitors can wander through the lands of E as they enter the gates of Madagascar Madness, Shrek’s Faire Ardent Leisure theme parks. Faire Away and Kung Fu Panda: Dreamworld’s famous “Big9” Land of Awe someness, enjoying thrill rides – , Tower rides, shows and characters from of Terror 2, , BuzzSaw, DreamWorks Animation movies. , Tail Spin, Cyclone, It’s easy to see why visitors and Mick Doohan’s keep coming back for another dose Motocoaster – have set the of thrills, spills and happiness. benchmark for thrill-seekers. These rides are star attractions MAKE A SPLASH at Dreamworld, which is one of WhiteWater World, located next to Australia’s best-known leisure Dream world, has a variety of family brands, with more than 600,000 and thrill-based water rides. Facebook fans. In 2014 at the Visitors can enjoy WhiteWater Australian Tourism Awards, the park World by itself or combine it with was voted Queensland’s best major their Dreamworld entry, so they can tourist attraction for the second move between the adjoining parks. year running, and the nation’s third Thrill-seekers fl ock to rides such most popular tourist attraction. as the Triple Vortex, The Wedgie, Of course, Dreamworld is not The RIP and The Bro: a 14-metre Craig Davidson CHIEF EXECUTIVE OFFICER, THEME PARKS just for the thrill-seekers – the tall eight-lane racer. Adventurous precinct also offers over 50 rides families dive into the Pipeline Craig Davidson understands what will drive the and attractions. Littlies can discover Plunge and the Temple of Huey success of Dreamworld and the Group’s other a world of happiness as they rides, while smaller children will love theme parks – constant attention to customer service. As head of the Theme Parks division, interact with popular characters and splashing around in . he brings a keen knowledge of the international enjoy educational activities in ABC Those looking for a relaxing day and domestic tourism and entertainment KIDS WORLD and Wiggles World. can hire one of 20 luxury cabanas market to the role, having previously held senior The DreamWorks Experience dotted through the water park, executive positions at Tourism Australia and Voyages Hotels and Resorts. He also led the precinct is the only place in Australia complete with deck chairs, couches, transformation of Hamilton Island into one of where many favourite DreamWorks iPod dock and mini refrigerator. Australia’s best-known tourism destinations. An advocate of strong leadership and engagement, Craig has outstanding operational skills and www.dreamworld.com.au / www.whitewaterworld.com.au a relentless focus on the customer experience.

VISITORS TO COST OF UPGRADES TO INVESTMENT ON NEW PRODUCTS DREAMWORLDonly use personal For FOOD & FACILITIES AT AND IMPROVEMENTS AT 2014-2015 DREAMWORLD IN 2014-2015 DREAMWORLD IN 2014-2015 % A $ A $ INCREASE FROM 1.8MILLION 4.3PREVIOUS YEAR 1.5MILLION7.8 MILLION

26 ARDENT LEISURE / ARDENTLEISURE.COM Clockwise: Tail Spin ride at Dreamworld; Kung Fu Panda; The Wedgie at WhiteWater World; and the ride in Wiggles World.

Kung Fu Panda, Madagascar, Shrek © DreamWorks Animation Shrek © DreamWorks Fu Panda, Madagascar, Kung For personal use only use personal For © 2015 Wiggles © 2015 The THE BUSINESS / THEME PARKS Dreamworld Corroboree “Fun family day out. What a perfect place. You can’t beat Dreamworld. It covers all ages and has great animal interaction areas. Love the Aboriginal area. All the rides are awesome.”

HAYCRESS, GOLD COAST / TRIPADVISOR.COM.AU

reamworld Corroboree The other very big thing at has become a favourite Dreamworld Corroboree is the D destination, and has strong collection of native Australian international appeal for tourists from animals, including the saltwater Asian markets such as China. Step crocs, Matilda and Goliath. There’s inside and it’s not hard to see why. also have the second-largest captive Dreamworld Corroboree is koala population in the world, a bilby a celebration of the culture, wildlife, breeding program and the largest language and stories of Aboriginal captive population of Lumholtz’s and Torres Strait Islanders. Visitors tree kangaroos. enjoy a hands-on experience of Being hands-on extends to the the world’s oldest living culture animals, too. Visitors can cuddle as they engage with Indigenous koalas, wander with wombats, feed inter pretation offi cers, try activities a croc and get up close and personal such as fi re-making, see traditional with kangaroos, birds, pythons weapons demonstrated and and dingoes. It’s the very best of discover the magic of a didgeridoo. Australia, all in one great location. Visitors can also view the Created with the backing award-winning Creation Story of and assistance of 22 Indigenous the Gold Coast, an interpretation of groups from across Australia, the a Dreamtime tale from Yugambeh Dreamworld Corroboree attraction elder Patricia O’Connor about the has already received many accolades, beginnings of the land on which including the Queensland Premier’s Dreamworld stands. Reconciliation Award in 2014.

Right: The koala photo opportunity is one of several available.

We acknowledge the traditional Yugambeh Language People of the Gold Coast and Elders past and present.

INCREASE IN INTERNATIONAL THE NUMBER OF OPPORTUNITIES AVAILABLE TO ABORIGINAL For personal use only use personal For VISITORS TO DREAMWORLD DIFFERENT INDIGENOUS AND TORRES STRAIT ISLANDER HIGH SCHOOL AND CORROBOREE CULTURES ON SHOW UNIVERSITY STUDENTS @ DREAMWORLD % + +

FROM 212013-2014 – 2014-201522 WORK 6 EXPERIENCE INTERNSHIPS3

28 ARDENT LEISURE / ARDENTLEISURE.COM Visitors can join in making traditional music at Dreamworld Corroboree. The “humpy” theatre shares the diverse stories of

Australia’s fi rst people. For personal use only use personal For THE BUSINESS / THEME PARKS Dreamworld Animals & Tiger Island “We would like to send our sincere thanks to the entire team at Dreamworld. Without your support, 21st Century Tiger would not be able to continue with their mission of ‘giving wild tigers a future”

21ST CENTURY TIGER C/O – ZOOLOGICAL SOCIETY OF LONDON

oalas, wombats, dingoes, bond they have formed through pythons, kangaroos, mutual respect and observe their K bilbies, , tigers natural behaviours. and more – our theme parks One of the most magical are where you will discover an experiences for visitors is taking incredible range of amazing a morning stroll within arm’s length animals. Visitors can participate in of a fully grown tiger. There are unforgettable experiences such as opportunities to pat the tigers, chat feeding a at Dreamworld with handlers, take photos and learn Corroboree or strolling with more about these mighty beasts. a big cat on Tiger Island. Trained, not tamed, Dreamworld’s Dreamworld is committed to tigers also play an important role educating visitors about Australia’s in helping their counterparts in wonderful wildlife and contributing the wild. A percentage of money to programs to ensure the from Tiger Island, including the survival of wild populations. park’s Adopt-An-Animal program, goes towards saving tigers – an TIGER ISLAND endangered species, with fewer Tiger Island is a perennial favourite than 3000 individuals left in the with our visitors. Meet Kai, the wild around the world. super-cute tiger cub, and other For those who just can’t get beautiful big cats such as Nika (at enough of these big cats, there’s 160kg, Australia’s largest female the possibility of dining in style tiger) and Raja (a proud dad) as on Tiger Island. Participants take they roam in this unique facility. in a pre-dinner presentation by Dreamworld visitors can the handlers and then enjoy a watch these majestic animals with cocktail party or dinner. It’s a wild their handlers, see the special way to impress guests.

Right: Locals including koalas and wombats are at home in Dreamworld Corroboree.

THE NUMBER OF TIGERS THAT THE AMOUNT DREAMWORLD DONATED HELLO WORLD. For personal use only use personal For LIVE ON TIGER ISLAND* TO WILDLIFE CONSERVATION TIGER CUB KAI IS BORN. PROGRAMS IN THE WORLD

2 COUGARS ALSO CALL TIGER ISLAND ()HOME A $ MILLION2 12SIX BENGAL / SIX SUMATRAN CUTE

30 ARDENT LEISURE / ARDENTLEISURE.COM Magnifi cent big cats form close bonds with their handlers on Tiger Island. New cub Kai (above) is a star

attraction. For personal use only use personal For THE BUSINESS / THEME PARKS Surfers Paradise SkyPoint “Amazing!!!! Did the climb for my 30th and it was one to remember!! Thanks guys!!”

HEIDI BACKEN-HEARNE / FACEBOOK

kyPoint symbolises all OBSERVATION DECK that’s great about the Gold Located on level 77 of the Q1 S Coast: coastal panoramas, Building, SkyPoint Observation Deck dynamic adventures, and fabulous is a stunning beachside viewing dining and convention experiences. platform. Featuring fl oor-to-ceiling Located 77 storeys high windows, it gives visitors of all ages in the Q1 Building in Surfers an incredible panorama of the Gold Paradise – which is taller than Coast and beyond. Visitors can soak the Chrysler Building in New York up the view while they sit back with City – SkyPoint has views of the a meal or beverage. coastline from Byron Bay in the south to Stradbroke Island in the SEVENTY7 CAFÉ + BAR north and out to the lush hinterland. Dining experiences don’t come much better than the Seventy7 SKYPOINT CLIMB Café + Bar at the Observation Deck. Dreamworld is not the only place Diners may choose from a delicious for daredevils. Standing on a hot buffet breakfast or à la carte platform 270 metres above sea options, or a lunch-time treat from level, participants on the SkyPoint the all-day dining menu. At night, Climb experience one of the most the lounge bar is an incredible exhilarating adventures offered place to chill out while taking in on the Gold Coast. the lights of the Gold Coast. This must-do activity is Australia’s highest external building SKYPOINT EVENTS climb. It all starts when one SkyPoint’s conferencing and events of the nation’s fastest elevators venues cater for functions for up takes you from the ground to to 380 guests. On offer is a private level 77 in just 42.7 seconds. function room, meeting facilities, Outside, almost 300 stairs guide an executive boardroom or a climbers to the summit. At 97.7 grand ballroom. An outdoor terrace metres, the Q1 spire is one of the and pre-function area can serve world’s longest. Morning, day and up 400 guests. Regardless of the twilight climbs are available, as venue choice, 360-degree views well as climb-and-dine packages. of the Gold Coast are guaranteed.

Top: Conquering the 298 steps up to the Q1 summit. Above: The Q1 Building, crowned with a 97.7-metre spire, www.skypoint.com.au is one of Australia’s tallest buildings.

VISITORS GROUND TO LEVEL 77 STAIRS CLIMBED HEIGHT OF OBSERVATION For personal use only use personal For TO SKYPOINT IN ONE OF AUSTRALIA’S FROM LEVEL 77 TO DECK FROM SURFERS PARADISE IN 2015 FASTEST ELEVATORS THE Q1 SPIRE BEACH BELOW

0.5MILLION43 SECONDS 298 230METRES

32 ARDENT LEISURE / ARDENTLEISURE.COM Clockwise: Stepping up on the SkyClimb; views from the Observation Deck; cocktails at the

lounge bar. For personal use only use personal For THE BUSINESS 4. Bowling & Entertainment

Ardent Leisure Group operates Australasia’s best-known bowling and entertainment centres. Along with 43 family-fun AMF Bowling centres, there are six Kingpin bowling lounges, standalone Playtime and City Amusements game arcades and

theonly use personal For excitement of Galactic Circus at Melbourne’s Crown Casino. The fun and games never stop, and that’s why the Bowling & Entertainment division grew its total revenue to more than A$116 million in the 2014-2015 fi nancial year.

34 ARDENT LEISURE / ARDENTLEISURE.COM AMF Bowling is a great place to bring out a

competitive streak. For personal use only use personal For THE BUSINESS / BOWLING AND ENTERTAINMENT AMF Bowling “I love my role. There’s nothing better than seeing a smile on somebody’s face because they are having a great time in our entertainment centres.”

NICOLE NOYE, CHIEF EXECUTIVE OFFICER, BOWLING & ENTERTAINMENT

ith 43 centres across cafes, the latest music videos, Australia and New laser skirmish at selected sites, W Zealand, AMF offers and arcade games including Fruit tenpin bowling family fun like Ninja, Doodle Jump, car racing, air nobody else. For a growing number hockey and more. Our centres are of people, a child’s birthday or buzzing, vibrant venues for getting school holiday isn’t complete together with families, friends and without a visit to AMF. In fact, workmates. The fully refreshed AMF hosts an incredible 30,000 cafe menus are packed with tasty birthday parties a year. That’s choices, from delicious share plates not to mention Christmas parties to slider burgers and classic ice- and other occasions. cream spiders. Grown-ups are also Beyond bowling, AMF venues catered for with licensed bars are fully equipped entertainment Little wonder that at AMF, there and leisure destinations, with are smiles everywhere you turn.

www.amfbowling.com.au

Nicole Noye CHIEF EXECUTIVE OFFICER, BOWLING & ENTERTAINMENT

Brand revitalisation and profi table retail expansion are passions for Nicole Noye. Since taking the reins of Ardent Leisure’s Entertainment Division in 2014, her focus has been on turning traditional tenpin bowling centres into memorable entertainment destinations. With more than 25 years’ retail experience for brands such as Diva, Bras N Things, Angus & Coote and Goldmark, she understands how to deliver exceptional customer service. When customers want to hit an alley, play the latest arcade games or enjoy great burgers and beverages, Nicole and her team are determined to deliver market- leading entertainment. Friendly staff make a perfect match at AMF Bowling.

NUMBER OF AMF BOWLING ARDENT LEISURE THE NUMBER OF CENTRESonly use personal For IN AUSTRALIA ENTERTAINMENT DIVISION BIRTHDAY PARTIES EACH AND NEW ZEALAND TOTAL REVENUE 2014-2015 YEAR AT AMF

A$ 43CENTRES 116.5MILLION 30,000

36 ARDENT LEISURE / ARDENTLEISURE.COM It’s become a tradition to bring the kids for fun-packed party times at

AMF Bowling. For personal use only use personal For THE BUSINESS / BOWLING AND ENTERTAINMENT Kingpin Bowling “What a venue! Excellent atmosphere, great service and really good food. The staff were super welcoming too. Highly recommended for bowling fun times.”

JAY JONES ON NORWOOD KINGPIN BOWLING, GOOGLE REVIEWS

he game gets more State-of-the-art bowling lanes see why Kingpin Bowling has sophisticated at Kingpin – each Kingpin centre boasts become the go-to venue for T Bowling – think of it as more than 20 – laser skirmish grown-up birthday celebrations, bowling in a vibrant atmosphere arenas, unique LED-lit pool tables, hens or bucks parties with a with a full-service bar and a gallery of arcade games and difference, and wickedly fun great music. karaoke at selected locations corporate team building. The six Kingpin venues are the complete formula for Kingpin Bowling hosted in Australia, many in high-traffi c a big night of entertainment. more than 2,400 corporate and CBD locations, are the premier Add in delicious food, adult parties in the 2014-2015 entertainment destination for the extensive cocktail lists and private fi nancial year. That’s an average young adult and corporate markets. function rooms, and it’s easy to of 46 parties each week.

www.kingpinbowling.com.au Amusement Arcades “Awesome place for kids and game loving adults. Nice location and good ambience... would certainly recommend this place.”

JOSH THOMAS ON GALACTIC CIRCUS, MELBOURNE, GOOGLE REVIEWS

orget what you thought favourites such as Pac Man, Dizzy Sydney’s Haymarket and Playtime you knew about Chicken, driving games and Giant centres in Sydney and Melbourne. F amusement arcades. Connect 4, there are cutting-edge They’re the places to go for laser Galactic Circus at Melbourne’s releases for grown-ups including tag, pinball and all the latest Crown Casino takes arcade Dark Escape 4D, where players arcade blockbusters. gaming to a new dimension. don 3D glasses then shoot their When you’re playing to win It’s Australia’s largest interactive way out to escape a mad man. there’s more choice with Ardent, theme park with more than Completing Ardent’s arcade as it’s already Australia’s largest 250 games. As well as family suite are City Amusements in amusement machine operator.

www.galacticcircus.com.au / www.cityamusements.com.au For personal use only use personal For THE NUMBER OF GAMES AT CORPORATE AND ADULT PARTIES HOSTED PREDICTED RETURN ON INVESTMENT GALACTIC CIRCUS AT KINGPIN IN 2014-2015 FOR STANDALONE AMUSEMENT ARCADES % 250 2,400+ 25

38 ARDENT LEISURE / ARDENTLEISURE.COM For personal use only use personal For

It’s easy to get your game on at Kingpin, whether it’s bowling, laser tag, pool or video games. Ardent is Australia’s largest operator of amusement machines. THE BUSINESS 5. Marinas

Many discerning boat owners put their trust in d’Albora Marinas, the largest marina group in Australia. D’Albora has seven properties on premier waterways across New South Wales and Victoria, including three in and around Sydney Harbour and anotheronly use personal For two close to the Melbourne city centre. These marinas set the standard in service, with everything from laundry and marine repair facilities to cafes, bars and award-winning restaurants.

40 ARDENT LEISURE / ARDENTLEISURE.COM D’Albora’s Rushcutters Bay marina is in the heart of famous

Sydney Harbour. For personal use only use personal For THE BUSINESS / MARINAS Developing d’Albora “Boating and the water have been a lifelong passion for me and I get my kicks from working in an industry where I can share my experience and help our clients feel the same way about the relaxation and leisure that boating brings.”

BRETT BOLTON, CHIEF EXECUTIVE OFFICER, D’ALBORA MARINAS

’Albora Marinas offer wet The marina division is perfectly and dry berthing for more placed to benefi t from the growth D than 1400 vessels and in numbers of recreational boats provide high-quality maintenance, in Australia – a trend that has not repair, electronics, detailing services been matched by a rising supply and top security. of marina berths. In 2014-15, its Boat owners and crews not revenue exceeded A$22 million only benefi t from dockmaster and berth occupancy was more assistance, available seven days a than 85 per cent. week, but those on the move also Far from resting easy, further enjoy exchange berthing rights development opportunities have at all seven d’Albora marinas in been identifi ed throughout Victoria and New South Wales. the marina portfolio, including While innovation plays an refurbishments of the Rushcutters important role in the business, Bay and Akuna Bay marinas, plus with a focus on developing digital the creation of a function centre at initiatives for customer engagement, Nelson Bay and a new hardstand beyond the water the marinas at Pier 35. Boat owners are set to provide great venues to get experience the benefi ts of these together and socialise. high-quality facilities like never before. Brett Bolton CEO, D’ALBORA MARINAS

www.dalboramarinas.com.au There is little Brett Bolton doesn’t know about boats and marinas. Appointed to lead the d’Albora Marina division in 2014, he has more than 15 years’ experience operating and Cabarita Point managing sophisticated marine tourism and marina. marina facilities in Australia, New Zealand, Asia and the Mediterranean. In his present role, Brett is drawing on his diverse knowledge of marina infrastructure planning as he focuses on growing the division’s existing assets, seeking expansion opportunities and further improving client services and experiences. He is passionate about using his visionary planning strengths as he oversees the operations of d’Albora’s marina portfolio, which includes some of the most successful and dynamic businesses in the sector in Australia and internationally.

D’ALBORA HAS WET AND DRY BERTHING TOTAL REVENUE IN For personal use only use personal For AUSTRALIA’S LARGEST SPACES AVAILABLE AUSTRALIA-WIDE 2014–2015 MARINA PORTFOLIO + A$ MARINAS7 1400 VESSELS 23.0MILLION

42 ARDENT LEISURE / ARDENTLEISURE.COM Boats at wet berth at The Spit marina (below), and in dry storage at Akuna Bay

(bottom). For personal use only use personal For THE BUSINESS / MARINAS Prime marina locations At d’Albora Marinas, our business is all about looking after you and your boat. Here is where you can fi nd us.

AKUNA BAY NELSON BAY Just an hour north of Sydney’s d’ALBORA MARINA LOCATIONS This marina in Port Stephens CBD and located in the IN AUSTRALIA – Sydney’s favourite weekend picturesque Hawkesbury and destination – has 200 wet berths Cowan river system in the Ku- and jet ski storage. Sitting in the ring-gai Chase National Park, this middle of the town centre and marina offers 190 marina berths, boasting a variety of dining and dry storage for vessels up to 24 NSW NELSON BAY retail options, it also acts as a feet, jet ski and kayak storage, a AKUNA BAY launch point for attractions such boat ramp and a range of marine- THE SPIT as whale watching and water related services. CABARITA POINT adventure activities RUSHCUTTERS BAY CABARITA POINT PIER 35 This is Sydney’s hidden gem in Melbourne’s best full-service marina VICTORIA the inner west, surrounded by PIER 35 HARBOUR has convenient access to Port stunning parklands, fi ne dining Phillip Bay and the Yarra River. With and an Olympic-size swimming 77 wet berths and 303 spaces in pool. The marina has 91 premium the dry boat storage facility, it is the wet berths and caters to boat best spot to berth your boat and owners from all over Sydney while enjoy the great waters of Victoria. providing a fi rst-class facility for The Pier 35 Bar & Grill attracts inner-west residents. visitors in its own right, with superb steaks, great seafood and fi ne views. THE SPIT RUSHCUTTERS BAY Below: The In a can’t-miss-it location with Sydney’s premium marina address Nelson Bay VICTORIA HARBOUR marina is great access to Middle Harbour has views of the Harbour Bridge in a pretty A boutique marina in the heart of and Sydney Harbour, this and is just minutes from the city location on Docklands – Melbourne’s sporting 200-berth site offers the ultimate centre. The 107 fl oating berths give Port Stephens and leisure precinct – this facility – a favourite marine lifestyle experience. Along boat owners a front-row seat for weekend gives boat owners a great vantage with full-service moorings and famous on-water events, including destination for point for events such as the New kayak storage, the marina is home the Sydney-to-Hobart yacht race, holiday-makers. Year’s Eve and winter fi reworks to the award-winning Ormeggio at New Year’s Eve fi reworks and and Australia Day celebrations.

The Spit, a two-hatted restaurant. Australia Day celebrations. The marina has 69 wet berths. For personal use only use personal For

44 ARDENT LEISURE / ARDENTLEISURE.COM D’Albora’s Melbourne marinas include Victoria Harbour in the heart of Docklands (below) and Pier 35 (bottom), which has the largest boat storage facility in the

southern hemisphere. For personal use only use personal For THE FINANCIALS Income Statements For the year ended 30 June 2015

Consolidated Consolidated Group Group ALL Group ALL Group 2015 2014 2015 2014 Note A$’000 A$’000 A$’000 A$’000

INCOME Revenue from operating activities 3 594,603 499,703 594,603 499,703 Management fee income 7(b) – – 1,200 1,200 Valuation gains – property, plant and equipment – 8,590 – – Net gain from derivative fi nancial instruments 6 552 – – – Interest income 121 211 77 99 Gain on sale and leaseback of family entertainment centres 6,959 379 6,959 379 TOTAL INCOME 602,235 508,883 602,839 501,381

EXPENSES Purchases of fi nished goods 58,756 46,550 58,756 46,550 Salary and employee benefi ts 224,843 185,191 225,678 189,397 Borrowing costs 4 11,333 11,330 11,731 8,766 Property expenses 5 99,029 79,539 149,865 138,302 Depreciation and amortisation 54,878 42,043 31,775 21,007 Loss on closure of bowling centres 104 1,579 – – Loss on disposal of assets 523 453 376 460 Advertising and promotions 20,771 18,997 20,771 18,997 Repairs and maintenance 26,823 22,222 26,823 22,222 Pre-opening expenses 6,521 2,579 6,521 2,579 Business acquisition costs 1,938 277 1,938 277 Impairment of property, plant and equipment 2,646 – 1,009 – Impairment of goodwill 141 – 141 – Net loss from derivative fi nancial instruments 6 – 613 – – Valuation loss – investment properties 501 – – – Other expenses 8 54,359 45,632 53,436 45,141 TOTAL EXPENSES 563,166 457,005 588,820 493,698

PROFIT BEFORE TAX EXPENSE 39,069 51,878 14,019 7,683 Withholding tax (income)/expense (182) 159 – – US State tax expense 1,463 724 1,463 724 Income tax expense 10 5,666 1,993 5,694 1,903 PROFIT FOR THE YEAR 32,122 49,002 6,862 5,056

Attributable to: Stapled security holders 32,122 49,002 6,862 5,056 PROFIT FOR THE YEAR 32,122 49,002 6,862 5,056

Basic earnings per security/share (cents) 11 7.38 12.13 1.58 1.25 Diluted earnings per security/share (cents) 11 7.35 12.05 1.57 1.24 Dividend/distribution in respect of the year ended 30 June 12 55,035 52,657 13,160 – Dividend/distribution per security in respect of the year ended 30 June (cents) 12 12.50 13.00 3.00 –

Statements of Comprehensive Income For the year ended 30 June 2015

Consolidated Consolidated Group Group ALL Group ALL Group 2015 2014 2015 2014 Note A$’000 A$’000 A$’000 A$’000

PROFIT FOR THE YEAR 32,122 49,002 6,862 5,056 Other comprehensive income

Itemsonly use personal For that may be reclassifi ed to profi t and loss Cash fl ow hedges 30 (958) 434 (75) (30) Foreign exchange translation difference 30 3,623 391 6,916 (942) Income tax relating to these items 30 24 11 24 11 Items that will not be reclassifi ed to profi t and loss Gain on revaluation of property, plant and equipment 30 7,541 6,866 – – OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 10,230 7,702 6,865 (961) TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 42,352 56,704 13,727 4,095 Attributable to: Stapled security holders 42,352 56,704 13,727 4,095 TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX 42,352 56,704 13,727 4,095

46 ARDENT LEISURE / ARDENTLEISURE.COM THE FINANCIALS Balance Sheets As at 30 June 2015

Consolidated Consolidated Group Group ALL Group ALL Group 2015 2014 2015 2014 Note A$’000 A$’000 A$’000 A$’000

CURRENT ASSETS Cash and cash equivalents 33 4,986 7,079 4,685 6,197 Receivables 13 10,856 7,416 13,210 7,762 Derivative fi nancial instruments 14 263 – – – Inventories 15 11,372 9,378 11,372 9,378 Current tax receivables 1,740 – 1,740 – Property held for sale 16 – 10,650 – 10,650 Other 17 10,736 8,937 7,026 5,438 TOTAL CURRENT ASSETS 39,953 43,460 38,033 39,425

NON-CURRENT ASSETS Investment properties 18 99,326 95,870 – – Property, plant and equipment 19 609,682 510,162 213,600 123,463 Derivative fi nancial instruments 14 114 – – – Livestock 20 245 300 245 300 Intangible assets 21 242,944 201,237 242,944 201,237 Deferred tax assets 22 4,243 1,978 4,243 1,978 TOTAL NON-CURRENT ASSETS 956,554 809,547 461,032 326,978 TOTAL ASSETS 996,507 853,007 499,065 366,403

CURRENT LIABILITIES Payables 23 91,323 69,065 76,287 60,287 Derivative fi nancial instruments 14 98 459 – – Interest bearing liabilities 24 – 61 – 61 Current tax liabilities 1,291 376 1,291 376 Provisions 25 3,236 3,272 3,236 3,272 Other 26 2,694 2,155 2,694 2,155 TOTAL CURRENT LIABILITIES 98,642 75,388 83,508 66,151

NON-CURRENT LIABILITIES Derivative fi nancial instruments 14 2,133 1,004 129 48 Interest bearing liabilities 24 278,618 260,211 237,006 204,826 Provisions 25 15,769 1,625 5,552 1,625 Deferred tax liabilities 27 21,863 9,277 21,863 9,277 TOTAL NON-CURRENT LIABILITIES 318,383 272,117 264,550 215,776 TOTAL LIABILITIES 417,025 347,505 348,058 281,927 NET ASSETS 579,482 505,502 151,007 84,476

EQUITY Contributed equity 28 605,181 513,912 155,262 16,309 Reserves 30 (30,691) (45,918) 7,638 (1,537) Retained profi ts/(accumulated losses) 31 4,992 37,508 (11,893) (1,655) TOTAL EQUITY ATTRIBUTABLE TO STAPLED SECURITY HOLDERS 579,482 505,502 151,007 13,117 NON-CONTROLLING INTERESTS – – – 71,359

TOTAL EQUITY 579,482 505,502 151,007 84,476 For personal use only use personal For

ARDENT LEISURE 47 THE FINANCIALS Statement of Changes in Equity For the year ended 30 June 2015

Retained profi ts/ Non- Contributed (accumulated controlling equity Reserves losses) Interest Total Note A$’000 A$’000 A$’000 A$’000 ‘000

CONSOLIDATED GROUP Total equity at 1 July 2013 501,416 (45,817) 31,691 – 487,290 Profi t for the year – – 49,002 – 49,002 Other comprehensive income – 7,702 – – 7,702 TOTAL COMPREHENSIVE INCOME FOR THE YEAR – 7,702 49,002 – 56,704 Transactions with owners in their capacity as owners: Security-based payments 30 – (1,963) – – (1,963) Contributions of equity, net of issue costs 28 8,915 – – – 8,915 Security-based payments – securities/shares issued 28 3,581 – – – 3,581 Distributions paid and payable 31 – – (49,025) – (49,025) Reserve transfers 30, 31 – (5,840) 5,840 – – TOTAL EQUITY AT 30 JUNE 2014 513,912 (45,918) 37,508 – 505,502

Profi t for the year – – 32,122 – 32,122 Other comprehensive income – 10,230 – – 10,230

TOTAL COMPREHENSIVE INCOME FOR THE YEAR – 10,230 32,122 – 42,352 Transactions with owners in their capacity as owners: Security-based payments 30 – (3,821) – – (3,821) Contributions of equity, net of issue costs 28 85,786 – – – 85,786 Security-based payments – securities/shares issued 28 5,483 – – – 5,483 Distributions paid and payable 31 – – (55,820) – (55,820) Reserve transfers 30, 31 – 8,818 (8,818) – – TOTAL EQUITY AT 30 JUNE 2015 605,181 (30,691) 4,992 – 579,482

ALL GROUP Total equity at 1 July 2013 14,202 (576) (2,837) 71,359 82,148 Profi t for the year – – 5,056 – 5,056 Other comprehensive income – (961) – – (961) TOTAL COMPREHENSIVE INCOME FOR THE YEAR – (961) 5,056 – 4,095 Transactions with owners in their capacity as owners: Contributions of equity, net of issue costs 28 1,503 – – – 1,503 Security-based payments – securities/shares issued 28 604 – – – 604 Dividends paid and payable 31 – – (3,874) – (3,874) Total equity at 30 June 2014 16,309 (1,537) (1,655) 71,359 84,476 Profi t for the year – – 6,862 – 6,862 Other comprehensive income – 6,865 – – 6,865 TOTAL COMPREHENSIVE INCOME FOR THE YEAR – 6,865 6,862 – 13,727 Transactions with owners in their capacity as owners: Contributions of equity, net of issue costs 28 15,189 – – – 15,189 Security-based payments – securities/shares issued 28 937 – – – 937 Capital reallocation 28 122,827 – – – 122,827 Reserve transfers 30, 31 – 2,310 (2,310) – – Repayment of non-controlling interests – – – (71,359) (71,359) Dividends paid and payable 31 – – (14,790) – (14,790) TOTAL EQUITY AT 30 JUNE 2015 155,262 7,638 (11,893) – 151,007

MANAGER DIRECTORS Corporate Directory Ardent Leisure Neil Balnaves AO (Chairman) Management Limited Roger Davis ABN 36 079 630 676 David Haslingden AFSL No. 247010 Don Morris AO For personal use only use personal For Deborah Thomas COMPANY George Venardos Ardent Leisure Limited Melanie Willis ABN 22 104 529 106 MANAGING DIRECTOR REGISTERED OFFICE AND CHIEF EXECUTIVE OFFICER Level 16, 61 Lavender Street Deborah Thomas Milsons Point NSW 2061 CHIEF FINANCIAL OFFICER Richard Johnson

COMPANY SECRETARY Alan Shedden

48 ARDENT LEISURE / ARDENTLEISURE.COM THE FINANCIALS Statement of Cash Flows For the year ended 30 June 2015

Consolidated Consolidated Group Group ALL Group ALL Group 2015 2014 2015 2014 Note A$’000 A$’000 A$’000 A$’000

CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers 650,383 549,659 651,136 550,257 Payments to suppliers and employees (436,132) (367,238) (433,864) (369,765) Property expenses paid (96,189) (79,704) (92,330) (76,501) Interest received 121 211 77 99 Rent payments to the Trust – – (115,766) (111,296) Receipts of funds for property costs from the Trust – – 58,922 50,464 US withholding tax paid (140) (143) – – Income tax paid (2,691) (5,317) (2,691) (5,317) NET CASH FLOWS FROM OPERATING ACTIVITIES 34(a) 115,352 97,468 65,484 37,941

Cash fl ows from investing activities Payments for property, plant and equipment and other intangibles (133,965) (86,337) (115,862) (72,317) Purchase of assets for the Trust – – (19,108) (14,516) Receipt of funds for assets purchased on behalf of the Trust – – 18,387 16,100 Proceeds from sale of plant and equipment 628 226 270 102 Proceeds from sale of land and buildings 41,719 10,278 41,719 10,278 Payments for purchase of business es, net of cash acquired (33,322) (11,736) (31,195) (10,145) NET CASH FLOWS FROM INVESTING ACTIVITIES (124,940) (87,569) (105,789) (70,498)

Cash fl ows from fi nancing activities Proceeds from borrowings 2,084,223 1,925,688 984,102 726,852 Repayments of borrowings (2,095,274) (1,890,351) (978,076) (699,738) Borrowing costs (10,937) (10,870) (11,797) (8,600) Proceeds from issue of stapled securities 70,000 – 11,698 – Costs of issue of stapled securities (993) (3) (167) (1) Dividends paid to the Trust – – (1,630) (3,874) Proceeds from loans from the Trust – – 125,104 94,288 Repayments of borrowings to the Trust – – (76,839) (82,520) Repayments of principal on fi nance leases (61) (249) (61) (249) Distributions paid to stapled security holders (39,041) (40,107) (13,160) – NET CASH FLOWS FROM FINANCING ACTIVITIES 7,917 (15,892) 39,174 26,158

Net decrease in cash and cash equivalents (1,671) (5,993) (1,131) (6,399) Cash and cash equivalents at the beginning of the year 7,079 12,953 6,197 12,481 Effect of exchange rate changes on cash and cash equivalents (422) 119 (381) 115 CASH AT THE END OF THE YEAR 33 4,986 7,079 4,685 6,197

The preceding fi nancial statements should be read in conjunction with the accompanying notes. Further information is available at ardentleisure.com.au

TELEPHONE ASX CODE TELEPHONE 1800 ARDENT (within Australia) AAD 1300 720 560 (within Australia) +61 2 9409 3670 (outside Australia) +61 1300 720 560 (outside Australia) CUSTODIAN FACSIMILE Perpetual EMAIL For personal use only use personal For (02) 9409 3679 (within Australia) Level 15, 20 Bond Street [email protected] +61 2 9409 3679 (outside Australia) Sydney NSW 2000 WEBSITE EMAIL AUDITOR OF THE GROUP www.linkmarketservices.com.au [email protected] PricewaterhouseCoopers Riverside Centre, 123 Eagle Street To arrange changes of address, or changes in registration of WEBSITE Brisbane QLD 4000 stapled securities, please contact the registry at the address or www.ardentleisure.com.au number listed above. SECURITY REGISTRY Link Market Services Limited Locked Bag A14, Sydney South NSW 1235 Produced on behalf of Ardent Level 12, 680 George Street Leisure Group by BauerWorks, Sydney NSW 2000 bauerworks.com.au

ARDENT LEISURE 49 SUSTAINABILITY Committed to the future Ardent Leisure Group is adopting environmentally, socially and economically sustainable solutions across all areas of its business.

CONSERVATION Koala Conservation Stretch RAP to run from 2015–2018. Dreamworld Wildlife Foundation As well as maintaining links with the This program will provide measured Established in 2012, Dreamworld Wildlife Australian Koala Foundation, the targets over three years to strengthen Foundation (DWF) plays an active role DWF was a partner in the Koala Land partnerships and provide work and in protecting threatened wildlife. It works research project to fi nd ways to create training for Indigenous people. with conservation and government a sustainable future for koalas on South- groups in research, education, breeding East Queensland’s Koala Coast. DWF DIVERSITY programs and habitat preservation. has funded a three-year project by the To ensure that we attract and retain and DWF also supports initiatives such University of Queensland to promote develop a range of people, our People as 21st Century Tiger, Flora & Fauna genetic exchange between isolated koala & Culture strategies focus on workforce International and the Phoenix Fund populations in fragmented landscapes. fl exibility, collaboration, equal employment for work in Russia and Indonesia. opportunities, and awareness of diversity. DWF receives 100 per cent of Save The Bilby Fund We also have an a commitment to increase monies raised from Dreamworld’s Adopt The partnership between DWF, the diversity within leadership. an Animal Program. Cash registers in the Queensland government and the Save park are programmed to accept direct The Bilby Fund continues. Dreamworld is HEALTH AND SAFETY donations to DWF and the new “roll a home to the world’s largest captive bilby Excellence in managing health and safety is coin” donation boxes are also popular. population and has already released nine critical to the Group’s long-term success. As well, the fee for off-site Dreamworld bilbies into the Currawinya National Park A centralised software platform captures, animal encounters includes a 15 per cent in western Queensland. In March 2015, analyses and tracks all hazards identifi ed contribution to the Foundation. DWF was a partner in the Greater Bilby across the Group’s operations so any Awareness of DWF has been lifted Recovery Summit, which brought together issues are addressed in a timely way. with a new DWF logo (see below) 39 participants from 29 government and positioning on the Dreamworld departments and conservation groups. ENERGY EFFICIENCY & website, and DWF Twitter, Instagram EMISSIONS and Facebook accounts. Tree Kangaroo Conservation Energy use is an ongoing focus for The tree kangaroo features in Dreamworld Ardent Leisure. To further reduce power Corroboree as part of the story from the consumption, the Group has installed Mamu/Ngadjonji people of the Atherton modern building management systems Tablelands in Queensland. DWF is helping to control lighting and air-conditioning fund projects to fi nd out more about tree plants, along with voltage optimisation Dreamworld Tigers kangaroos, so we can improve their care transformers and power factor correction. Dreamworld’s Tiger Island promotes when rescued and while in captivity, and Over the last fi ve years, revenue from tiger conservation and raises funds for develop successful breeding programs. the Group’s Australian operations has DWF. Proceeds from interactive tiger grown by 28.34 per cent while carbon experiences and merchandise sales go to RECONCILIATION emissions have increased by just 11.62 per the Foundation. These are supplemented Dreamworld was Australia’s fi rst cent (see below). This shows the positive by direct gifts from visitors and donations theme park to launch a Reconciliation impact of our energy effi ciency program. from Group employees through our Action Plan (RAP) in 2011. In May The Group is registered under the National workplace-giving program. 2015, Dreamworld announced a new Greenhouse and Energy Reporting Act.

CARBON EMISSIONS For personal use only use personal For TOTAL REVENUE SCOPE 1 SCOPE 2 EMISSIONS

YEAR (EXCLUDING USA) (TONNES OF CO2) (TONNES OF CO2) (TONNES OF CO2)

30 June 2011 $325.3 million 1,744 50,447 52,191 30 June 2012 $334.8 million 2,646 51,914 54,560 30 June 2013 $376.2 million 2,685 55,944 58,629 30 June 2014 $401.6 million 2,817 52,915 55,732 30 June 2015 $417.5 million 2,677 55,581 58,258

50 ARDENT LEISURE / ARDENTLEISURE.COM Dreamworld’s Tiger Island raises funds for tiger conservation. At right: Tree kangaroo and bilby breeding programs will boost

populations in the wild. For personal use only use personal For

ARDENTLEISURE.COM For personal use only use personal For

MARINAS BOWLING HEALTH CLUBS