SAGA Investor Update
Impact of COVID-19 to date - Cruise
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On 12 March we suspended Cruise operation until 1 May 2020
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The two ships are in Tilbury; significant actions taken to reduce near-term costs
Estimated £15m impact on profit before tax, including £3m of losses on oil hedges
57% of customers on cancelled departures have rebooked
Bookings for the remainder of the year have been resilient: 66% of target for last 5 months of 20/21 and
16% of target for 21/22 (with positive trends in recent weeks)
Booked revenue for period from September 2020 to January 2021 of £49.5m, with passenger days of
173k (comparative figure for prior year was £44m, and passenger days of 166k)
Total advance receipts at 31 March of £41m, of which £27m relates to departures from May to
December 2020 and a further £7m relates to departures in 2021
SAGA
Investor update 2 April 2020
Resilient demand for Cruise from loyal customers
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