RQYS Mainsheet 2021

General Manager

REPORTS

GENERAL MANAGER

REPORTS

Heading into my seventh year as General Manager, Shawn Ket writes, it is a great pleasure to report that the RQYS Group of Companies has emerged, as carefully planned, from the post-lockdown period with a strong balance sheet and in an excellent trading position.

10. A satisfying doubling of slipway business through the carefully planned introduction of “Ruby” and the ‘Slipway 2’ area, allowing us to address members multihull and longer-term storage requirements.

Year-to-date FY 2022, we are again trading ahead of budget with another strong year predicted through to 30 April. Importantly, this has enabled us to meet our commitment to members to return as soon as possible to a fully operational sporting facility; which was 100% ready to go for the Opening of the Sailing Season and with all sport, marina, slipway, hospitality, membership and storage services fully operational. Further, our progressively improving EBITDA has enabled a portfolio of member improvements, such as: 1. Full Bar and facilities renovation and expansion, scheduled to commence next winter in time for the 2022 Opening of the Sailing Season. 2. Waterfront people space improvements which have commenced on the Boardwalk with new shade structures, tree planting and resurfacing/grounds enhancements, which will extend progressively eastwards along the marina front, with a vision of having a shaded, green and attractive space for members and their guests to enjoy.This green strip is planned to span all the way from the Boardwalk to P Row in the coming years. 3. Irrigation and turf treatments for the three rigging lawns, the results of which are evident in the terrific appearance of our lawns. 4. New roadways from our entrance through to Marina 2 and new dinghy and vessel hardstand surfacing enabling more efficient and pleasant transport and use of space. 5. Improvements and repairs to the external cladding of our Clubhouse as well as new roofing to sustain the Cavill Building for decades to come. 6. A new Canaipa caretaker’s home is now in place with further Canaipa plans to create a superb member “longhouse” with breathtaking views across the Canaipa Passage. 7. A great new Canaipa fire pit and paved member seating area. 8. A new Marina Slipway Jetty to facilitate slipway vessel movements and progressively move vessel movements from the main sailing ramp. 9. Ramp repairs and improvements for Tackers and main ramps.

EBITDA Financial Years (FY) 2013 - 2022

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

Our membership growth trend remains strong, demonstrating and underpinned by a value proposition which few Clubs nationally can match. In FY 2022 we expect to achieve best ever membership numbers across all categories.

Membership Numbers all Categories Years 2008 - 2022 (projected)

4000

3500

3000

4250

4225

4130

4078

4072

3613

3613

2500

3320

3304

3275

3268

3253

3213

3184

3168

2000

Membership Numbers (Full & Equivalent Categories) Years 2008 - 2022 (projected)

2200

2000

1800

2385

2279

1600

2105

2047

2017

1867

1854

1831

1400

1824

1817

1813

1744

1719

1718

1690

1200

Mainsheet 2021

6

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