Apollo Tourism & Leisure Ltd
(ASX: ATL) Official quotation of the following securities will commence at 12:00pm AEDT on 4 November 2016.
Apollo Tourism & Leisure Ltd (Apollo) is a multi-national, vertically integrated manufacturer, rental fleet operator, wholesaler and retailer of a broad range of recreational vehicles (RVs) in Australia, New Zealand and the USA, including motorhomes, campervans and caravans.
Founded in 1985, Apollo’s fleet is now estimated to be the largest in Australia and among the largest of the other geographies it operates in.
Apollo is leveraged to the macro tailwinds of a healthy global tourism industry and an ageing population and will benefit from an expansion of its USA RV rental footprint into the east coast, and the continued development of its new vehicle sales division in Australia.
Morgans is Lead Manager and Underwriter to the Initial Public Offer.
Investment Highlights:
Leading, innovative, family owned Australian company with international operations in a growing industry
Vertically integrated, nimble and flexible business model
Growth driven by a strong management team with a proven track record of implementing growth strategies and leading a stable and loyal group of employees – forecast revenue CAGR of 18.77%, and EBIT CAGR of 21.94%, between FY14 and FY17
Growth in the RV rental and sales markets independently forecast to continue in the coming years
Apollo is a well-recognised RV brand, and the company is exclusively permitted to use Winnebago and Adria brands in Australia and New Zealand
Embarking on an exciting number of new domestic and international strategic growth opportunities in each of Apollo’s RV sales and rental divisions
