Annual Report 2023

9 January 2024

The 2023 financial year has proven to be exceptionally rewarding for many of us in the caravanning industry. Strong occupancy
rates and healthy yields, coupled with continued growth in our manufacturing and retail sectors, have been fuelled by the
influx of new Australians drawn to our diverse and enticing product offerings. This sustained surge in interest, combined with
the ongoing post-COVID momentum, has been a driving force behind our collective success.

Nevertheless, we must remain vigilant as macro-economic conditions, particularly fluctuating interest rates, begin to impact
our industry. Additionally, we are observing signs of increased market competition, yield pressures, heightened regulatory
scrutiny, and persistent challenges stemming from insurance and natural disasters. These factors call for a dynamic and
attentive approach to all of our business operations.