099b9e32-bc71-4daa-a660-d6f36387e4b4.pdf



DECEMBER 2015 REVENUE REPORT - ANALYSIS


Group revenue for December 2015 vs. December 2014.


Thunderbird Resorts Inc. - Group-wide sales results by country - (unaudited, in millions) (1)


December 2015


December 2014


Year-over-year increase/(decrease)

Peru(2)

$2.19

$2.48

-11.69%

Nicaragua

1.37

1.21

13.22%

Total Consolidated Operating Revenues

$3.56

$3.69

-3.52%

1 Revenues reported are based on monthly average exchange rates, are same store and are in USD millions.

2 Revenues are generated primarily from gaming, and secondarily from our fully-owned Fiesta Hotel and from 2 hotels under management.


Important Note on Forex: The strengthening of the US dollar versus our operating currencies continues to have a material impact on our business as compared to the same period in 2014. Under a currency neutral analysis (in which the same exchange rate would be applied to both periods), Group revenue would have grown by $200 thousand or 5.95%; Peru revenue would have reduced by just $20 thousand or -0.90%; and Nicaragua revenue would have grown by $220 thousand or 19.13%.



Group revenue segmentation for December 2015 vs. December 2014.


Note: "Hospitality" revenues include revenues for rooms, F&B, events, hotel management fees and other hospitality amenities. "Other" revenues include revenues from real estate leases and construction. Revenues are based on monthly average exchange rates, are same store and are in USD million.

Thunderbird Resorts Inc. issued this content on 2016-01-14 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-14 18:54:04 UTC

Original Document: http://thunderbirdresorts.com/wp-content/uploads/2016/01/December-2015-Revenue-Report-Analysis.pdf