#1Center Parcs Investor Presentation 17 November 2023 Results for the 24 weeks to 5 October 2023 CenterParcs#2Sections 1. Overview 2. Key Financial Highlights and Capital Investment 3. Current Trading 4. ESG Update 5. Ireland Update 6. Potential Sixth UK Village 7. Summary CenterParcs 2#3Section 1 Overview#4Center Parcs Overview FY24 Half Year Highlights Another excellent result demonstrating the continued resilience of the business. ➤ Revenue and EBITDA of £287.6m and £139.0m. ➤ Occupancy of 98.0% achieved. ➤ Net ADR of £243.92 compared to £249.34 in the prior year; ADR comparisons remain difficult due to post-Covid effects with YoY growth starting in Q2 that is expected to continue into H2. Current bookings for the second half of the year reflect this growth trajectory. ➤ Cash of £38.6m at 5 October 2023. Dividends paid in the period totalled £53.0m. Trading Outlook ➤ Strong forward bookings for the remainder of FY24 with 83% of capacity sold at 10 November 2023. ➤ Cash balances of £57.5m at 9 November 2023. ➤ ADR growth on bookings to date is on track for the second half of the year. ➤ On village spend continues with no notable changes in guest behaviour. Summary of Lodge and Guest Numbers Woburn Opened 2014 Edinburgh Sunderland CenterParcs Whinfell Opened 1997 919 4,814 Sherwood Opened 1987 800 4,230 Leeds 904 4,236 Manchester Longleat Opened 1994 Liverpool Leicester Elveden Opened 1989 Birmingham Bristol London 805 4,166 Holiday Village Lodges/Apartments 4,334 (1) Guest Capacity - Total 22,128 906 4,682 Core Catchment Area for the Five Villages (within 2.5 Hour Drive) (1) As at 17 November 2023 4#5Center Parcs Overview CenterParcs ➤ Center Parcs continues to perform strongly as evidenced by an excellent first half and continues to deliver excellent financial results. ➤ Despite the macro economic environment and unusual comparatives in the first half, Q2 FY24 EBITDA of £80.7m is consistent with the prior year. ➤ Inflationary pressures are still present but are abating and continue to be recovered with no notable changes in guest spend whilst on village. Robust cost controls are in place to continue to enhance EBITDA growth. ➤ Guest satisfaction scores are our highest ever with no observable change in repeat booking trends. ➤ Bookings for the remainder of FY24 are ahead of pre-pandemic levels and reflect ADR growth in line with business plans. ➤ The Group remains on track to deliver full-year ADR and EBITDA growth. A strong half-year and a positive outlook for H2 FY24 5#6Section 2 Key Financial Highlights and Capital Investment#7Key Financial Highlights - Half 1 Revenue (£m) EBITDA (£m) 350 160 300 282.5 287.6 140 117.8 119.4 250 235.1 120 227.5 100 200 80 150 60 100 81.5 40 50 13.3 20 0 0 FY20 Half Year Half Year FY21 FY22 FY23 FY24 146.5 139.0 H1 FY20 H1 FY21 H1 FY22 H1 FY23 H1 FY24 Revenue (£m) £235.1m £81.5m £227.5m £282.5m £287.6m EBITDA (£m) £117.8m £13.3m £119.4m £146.5m £139.0m Occupancy (%) 98.2% 32.2% 79.4% 97.6% 98.0% ADR (£) £202.13 £241.21 £258.22 £249.34 £243.92 RevPAL (£) £198.43 £77.57 £205.02 £243.35 £239.04 A strong H1 performance in line with planning assumptions CenterParcs#8H1 FY24 Capital Investment Capital Investments Investment Projects Half-year FY23 Half-year FY24 £8.2m £7.6m Accommodation Upgrades £2.2m £2.5m New Builds £0.6m Total Investment Capital £10.4m £10.7m Maintenance Capital Total Capital Investment £16.0m £18.0m £26.4m £28.7m CenterParcs Capital spend continues to enhance the guest experience 8#9H1 FY24 Capital Investment Sherwood Forest - Woodland Explorer Lodge#10H1 FY24 Capital Investments Sherwood Forest - Santa's Woodland Workshop Christmas SHOP Santa's Welland WORKSHOP Christmas BLOW Santa's Woodland •WORKSHOP. 10 10#11H1 FY24 Capital Investment Elveden Forest - Aqua Sana Spa Upgrade CenterParcs 11#12Section 3 Current Trading#13Current Trading Resilience CenterParcs ➤ Demand for Center Parcs breaks has continued to be very strong with 83% of capacity for the current financial year sold at 10 November 2023 compared to 83% at the same time in FY23 and 81% in FY20, the last comparative year before the impact of Covid-19. ➤ As previously advised, ADR comparisons are difficult due to the unusual booking patterns post pandemic which has resulted in an untypical development of ADR, particularly for Quarter 1 FY23 with growth weighted into the second half of the year. Bookings for the second half of the year to date are in line with this growth trajectory. ➤ During the first half of the year, guests have continued to book, give us exceptional guest satisfaction scores and continued to spend on village. Therefore, we expect to see an overall increase in ADR and a continued positive development in EBITDA for the full year. FY24 continues to trade well and demand remains strong 13#14Cash Generation and Debt Update Center Parcs Cash balances remain robust with the Group holding £38.6m at 5 October 2023 following the payment of dividends totaling £53.0m during the period. As at 9 November 2023 cash balances were £57.5m. The most recent covenant tests were passed in August 2023 with significant headroom; we do not envisage any future breaches. The average contractual interest rate on the Group's secured notes is 4.9% and the weighted average maturity is October 2027. The A4 and B4 notes have the shortest remaining term, with an Expected Maturity Date of 28 August 2025. ➤ In April 2023 £440m of A2 notes were re-financed, redeemed and replaced by £324m of new A6 notes (four-year maturity) and £324m of new A7 notes (eight-year maturity). 14 14#15Section 4 ESG Update#16ESG Update ➤ Center Parcs remains fully committed to ESG principles and it remains central to our strategy. ➤ The Group complies with TCFD reporting requirements and extensive disclosures are included in the statutory financial statements of Center Parcs (Holdings 1) Limited for the 52 weeks ended 20 April 2023. ➤ The Group continues to make good progress on the ESG agenda: CenterParcs On track to reduce carbon emissions by 30% in 2030 from a baseline of 2020 via a set of clear targets on renewable energy, electric fleet, water usage, and recycling targets. Commitment to achieve Net Zero by 2050 for scope 1 and 2 greenhouse gas emissions. Commitment to social standards via the continuation of charitable giving, high focus on health and safety standards, the development of a clear Diversity Equity and Inclusion vision. ➤ Strong governance continues to ensure effective regulatory compliance and board accountability with appropriate risk management. 16#17Section 5 Ireland Update#18CenterParcs Ireland Update Our Longford Forest village in Ireland, which is outside of the WBS structure, continues to trade well. ➤ Similar to the UK, cost inflation has been recovered. To date, there has not been any effect on guest behavior and spend levels as with the UK. The entity in which the village is held has high cash balances and is self sufficient from a liquidity perspective generating strong operating cash flow. ➤ The Ireland debt facility was recently successfully refinanced. ➤ Planning permission for the expansion of the village is expected in due course. Ireland is trading well and has been successfully refinanced 18#19Section 6 Potential Sixth UK Village#20Potential Development of a sixth UK village CenterParcs Center Parcs remains committed to identifying and securing a sixth site in the south-east of England and the search site visits have been completed. Options are currently being narrowed down. The search criteria has been broadened and will result in any future development delivering biodiversity net gain. Any costs for a sixth UK village are captured in a separate company that sits outside the WBS structure. ➤ Further updates will be given in due course. Search for a sixth UK village site continues to progress well 20 20#21Section 7 Summary#22Summary CenterParcs The business continues to perform strongly as evidenced by an excellent first half performance in a difficult macro environment. ➤ Strong demand, our highest ever guest satisfaction scores and continued spend on village demonstrates Center Parcs popularity. We expect to see ADR increase for the full year evidenced by bookings already in place for the second half leading to EBITA growth for the full year. Inflation continues to be recovered and robust cost controls are in place. UK Occupancy is now 83% (1) for FY24 which is in line with the same time last year (and 81% in FY20). Cash generation remains strong, and the business continues to deliver excellent free cash flow. ➤ The focus on ESG initiatives continues with a commitment to Net Zero by 2050 and a 30% reduction by 2030. (1) As at 10 November 2023 Center Parcs continues to deliver 222 22#23Financial Calendar & Contacts Financial Calendar Contacts February 2024 FY24 Quarter 3 results for the 36 weeks to 28 December 2023 Paul Mann Group Financial Controller Email: [email protected] July/August 2024 FY24 Full year results for the 52 weeks to 18 April 2024 April Stobbart Legal Manager Email: [email protected] CenterParcs Katrina Jamieson Chief Finance Officer Email: [email protected] 23 23