Ann: Half Year Results Presentation, page-2

Dreamworld won’t break even: Ardent
Theme park operator Ardent Leisure says its hired Goldman Sachs to explore “potential partnership arrangements” for its US Main Even business, as it relies on growth in the segment to prop up its underperforming Dreamworld park.
Handing down its results, the group warned that it was unlikely that Dreamworld would break even in the second half as severe wet weather and coronavirus compounded any effect from the coroner’s report into four deaths at its thunder river rapids ride, expected to be released next week.
Ardent posted a loss of $22.5m for the half year, a decline of 19.8pc on the same period last year.
The group said strength in the Main Event business would buffer the weakness in its theme parks, raising its full year revenue growth guidance for the segment to between 1.5pc to 2.5pc from earlier expectations of between 1pc to 2pc.
“The Group believes that Main Event has strong prospects and would like to put the business in the best position possible to maximise the growth opportunities available in Main Event’s core market,” the group said.
“The Board has appointed Goldman Sachs to explore potential partnership arrangements with parties that could support and accelerate Main Event’s growth trajectory. There is no certainty that any discussions in relation to Main Event will result in a transaction.”