Transat AT Inc Q4 2018 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Cameron Doerksen - National Bank Financial, Inc., Research Division - Analyst : I guess a couple more questions on the hotel business. Denis, maybe if you can just update us on your prospects of getting financing for the hotels. What that market looks like? And also what kind of financing rates you're seeing out there? Has there been any change since we last talked about that?

Question: Cameron Doerksen - National Bank Financial, Inc., Research Division - Analyst : And could you just talk about the timing of when you would access potential mortgage financing? I mean, does that come when you start construction or, you know, just the timing on that? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. DECEMBER 13, 2018 / 3:00PM, TRZ.TO - Q4 2018 Transat AT Inc Earnings Call

Question: Cameron Doerksen - National Bank Financial, Inc., Research Division - Analyst : Okay. And just wondering about the disclosure on this business, I mean, is this something you're going to -- I guess just the amount of capital that you've put into the hotel businesses, is this something that you're ultimately going to disclose kind of separately just so we can have a valuation or evaluate the total I guess sort of book value that you've kind of allocated to the business? Because obviously you're spending cash now, but there's no revenue or cash flow generation for several years. Jean-Marc Eustache - Transat A.T. Inc. - Co-Founder, Chairman of the Board, President & CEO Yes, that will be easy for one that will read our financial statement and our communication to identify the amount of cash invested in this sector. And we think at this point that we will have to report the number as a separate activities, then lots of visibility will be there for everyone.