Full Year 2024

This is the archive webcast of the presentation at 09.30 on Tuesday, 9 July 2024

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Results for the 53 weeks ended 21st April 2024Results for the 53 weeks ended 21st April 2024
Another year of record growth and out-performanceAnother year of record growth and out-performance
Financial Review - Stephen Marshall - CFOFinancial Review - Stephen Marshall - CFO
Results summary FY24 vs FY23Results summary FY24 vs FY23
LFL sales performanceLFL sales performance
Consistent LFL performance across site age cohortsConsistent LFL performance across site age cohorts
Underlying margin FY24 vs FY23Underlying margin FY24 vs FY23
Margin outlook – inflation continues to moderateMargin outlook – inflation continues to moderate
Medium term goal to restore pre-Covid EBITDA margin of 13.5%Medium term goal to restore pre-Covid EBITDA margin of 13.5%
Cash flow IAS17 – continuing strong cash generationCash flow IAS17 – continuing strong cash generation
Capital expenditure – a record number of new sitesCapital expenditure – a record number of new sites
Lounge roll-out investment – FY24 vs FY23Lounge roll-out investment – FY24 vs FY23
Demonstrating the maturity profile of a new Lounge openingDemonstrating the maturity profile of a new Lounge opening
Non-property net debtNon-property net debt
Strategy and Operations Review - Nick Collins - CEOStrategy and Operations Review - Nick Collins - CEO
HighlightsHighlights
We continue to have confidence in the high street and trading environmentWe continue to have confidence in the high street and trading environment
How has the Lounge sales profile changed over the last 5 years?How has the Lounge sales profile changed over the last 5 years?
Investment in the Lounge operational structureInvestment in the Lounge operational structure
Cosy ClubCosy Club
Brightside - thejourney so farBrightside - thejourney so far
A record year of new openingsA record year of new openings
Case Study - Bordo LoungeCase Study - Bordo Lounge
Case Study - Verraco LoungeCase Study - Verraco Lounge
Pipeline in a strongplace and property market continues to befavourablePipeline in a strongplace and property market continues to befavourable
Investing in our teamInvesting in our team
Building a senior leadership platform for continued growthBuilding a senior leadership platform for continued growth
Labour’s New Deal for Working People?Labour’s New Deal for Working People?
Good Stuff StrategyGood Stuff Strategy
Conclusions - Alex Reilley – Executive ChairmanConclusions - Alex Reilley – Executive Chairman
ConclusionsConclusions
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
Questions & AnswersQuestions & Answers
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Results for the 53 weeks ended 21st April 2024
Results for the 53 weeks ended 21st April 2024
Another year of record growth and out-performance
Another year of record growth and out-performance
Financial Review - Stephen Marshall - CFO
Financial Review - Stephen Marshall - CFO
Results summary FY24 vs FY23
Results summary FY24 vs FY23
LFL sales performance
LFL sales performance
Consistent LFL performance across site age cohorts
Consistent LFL performance across site age cohorts
Underlying margin FY24 vs FY23
Underlying margin FY24 vs FY23
Margin outlook – inflation continues to moderate
Margin outlook – inflation continues to moderate
Medium term goal to restore pre-Covid EBITDA margin of 13.5%
Medium term goal to restore pre-Covid EBITDA margin of 13.5%
Cash flow IAS17 – continuing strong cash generation
Cash flow IAS17 – continuing strong cash generation
Capital expenditure – a record number of new sites
Capital expenditure – a record number of new sites
Lounge roll-out investment – FY24 vs FY23
Lounge roll-out investment – FY24 vs FY23
Demonstrating the maturity profile of a new Lounge opening
Demonstrating the maturity profile of a new Lounge opening
Non-property net debt
Non-property net debt
Strategy and Operations Review - Nick Collins - CEO
Strategy and Operations Review - Nick Collins - CEO
Highlights
Highlights
We continue to have confidence in the high street and trading environment
We continue to have confidence in the high street and trading environment
How has the Lounge sales profile changed over the last 5 years?
How has the Lounge sales profile changed over the last 5 years?
Investment in the Lounge operational structure
Investment in the Lounge operational structure
Cosy Club
Cosy Club
Brightside - thejourney so far
Brightside - thejourney so far
A record year of new openings
A record year of new openings
Case Study - Bordo Lounge
Case Study - Bordo Lounge
Case Study - Verraco Lounge
Case Study - Verraco Lounge
Pipeline in a strongplace and property market continues to befavourable
Pipeline in a strongplace and property market continues to befavourable
Investing in our team
Investing in our team
Building a senior leadership platform for continued growth
Building a senior leadership platform for continued growth
Labour’s New Deal for Working People?
Labour’s New Deal for Working People?
Good Stuff Strategy
Good Stuff Strategy
Conclusions - Alex Reilley – Executive Chairman
Conclusions - Alex Reilley – Executive Chairman
Conclusions
Conclusions
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers
Questions & Answers