thl market update - A frame work for 2021

Friday 31st July 2020

The company reports today that globally, the RV rental market has been materially affected the implementation of travel restrictions due toCOVID-19 with the focus now turning to emphasising and encouraging domestic tourism in the near- term as international travel remains subdued

• thl faces different circumstances and operating environments and has therefore tailored its strategy in each country to best respond to the expected environment inFY21 in that region

• they are operating under the current assumption that thl will operate in a domestic-only environment in all operating jurisdictions for the majority, if not all, of FY21

• However, they are mindful of retaining key capabilities and resources within the business and the ability to efficiently meet demand when international travel flows resume

• Without the international market, thl expects that it has approximately35–45%excess fleet capacity on a global basis

• Given recent strong sales activity, thl’s current operating assumption is for vehicle sales volumes in FY21 that are at least similar to normal pre-COVID levels - see the link for more detail.

Framework for FY21 - 31 July 2020

Source: Tourism Holdings Ltd

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