Investor Presentation
Introduction & overview
Financial results
Strategy & outlook Conclusions
Appendices
Glossary
COPURECYM
Term
Maintenance & Refurbishment
Capital Expenditures
Mature Gyms
Net Debt
New Gyms
Number of Gyms
Operating Cash Flow
Operating Cash Flow Conversion
Pre-Opening Costs
Proforma Run Rate Adjusted
EBITDA
Run-Rate Adjusted
Run-Rate Adjusted EBITDA
Senior Secured Net Debt
Small Box Format (SBF)
Working Capital Cash Flow
Definition
The total capital expenditure incurred in a period less Expansionary Capital Expenditure incurred in that period.
The gyms that have been open as Pure Gyms for 24 months or more or as Fitness World clubs open as for 24 months or more as of the end of the relevant reporting period.
Total indebtedness of the Group including finance lease liabilities as reported under IAS17 (excluding property lease liabilities recognised under IFRS 16) less cash & cash
equivalents.
The gyms that have been open as Pure Gyms for less than 24 months or Fitness World clubs for less than 24 months as of the end of the relevant reporting period.
The total number of gyms that are open & trading as of the specified date or the end date of the relevant period.
Adjusted EBITDA plus Working Capital Cash Flow & less Maintenance & Corporate Capital Expenditure cash flows for that period.
The Operating Cash Flow for that period divided by Adjusted EBITDA for that period.
The total of all gym site operating costs incurred during the pre-opening periods of gyms in that period. Pre-Opening Costs primarily consist of staff & marketing expenses.
Run Rate Adjusted EBITDA for the twelve months ended on the reporting date, after giving pro forma effect to the recent acquisition of Fitness World as if the acquisition
occurred on the first day of the period & including synergies expected to be realised from the combined Group.
The adjustment made to those gyms which are less than three years old at the end of the reporting period. These adjustments replace the Adjusted EBITDA earned by
these sites in the last twelve month period with the projected Adjusted EBITDA for their third year of operation.
The Adjusted EBITDA including any Run Rate Adjustment.
The total senior secured indebtedness of the Group (excluding finance lease liabilities as reported under IAS17), less cash & cash equivalents.
Small Box Format (SBF) gyms are gyms that are typically 6,000-9,000 square feet in size.
Cash movements in working capital.
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