Flight Centre Investor Day Strategy and Middle East Volatility Update

Flight Centre's Investor Day reinforced long-term strategic growth across corporate and leisure segments, but management warned of significant profit headwinds in Q4 due to Middle East tensions.

Key Takeaways

• 1.Middle East tensions significantly impacted Q4 Leisure profits, with a ~$10m hit in April due to refunds.
• 2.FLT set a long-term 'Brisbane 2032' target of $9bn TTV for the Flight Centre Brand by evolving into a full-service travel center.
• 3.The Corporate segment now accounts for approximately 50% of group Total Transaction Value (TTV) and is expanding through technology investments.

Table of Contents

• Trading update
• Leisure
• Corporate
• Price target methodology and risks - Flight Centre Travel Group
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• Global product; distributing entities
• General disclosures

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