Results for the 53 weeks ended 21st April 2024
Another year of record growth and out-performance
Financial Review - Stephen Marshall - CFO
Results summary FY24 vs FY23
Consistent LFL performance across site age cohorts
Underlying margin FY24 vs FY23
Margin outlook – inflation continues to moderate
Medium term goal to restore pre-Covid EBITDA margin of 13.5%
Cash flow IAS17 – continuing strong cash generation
Capital expenditure – a record number of new sites
Lounge roll-out investment – FY24 vs FY23
Demonstrating the maturity profile of a new Lounge opening
Strategy and Operations Review - Nick Collins - CEO
We continue to have confidence in the high street and trading environment
How has the Lounge sales profile changed over the last 5 years?
Investment in the Lounge operational structure
Brightside - thejourney so far
A record year of new openings
Case Study - Bordo Lounge
Case Study - Verraco Lounge
Pipeline in a strongplace and property market continues to befavourable
Building a senior leadership platform for continued growth
Labour’s New Deal for Working People?
Conclusions - Alex Reilley – Executive Chairman