Investor Presentation
Introduction & overview
Financial results Strategy & outlook
Conclusions
Appendices
Introduction & overview
Q2 financial results
.
•
Continued progression in Q2 with revenue up +43% vs 2021 & +8% vs 2019
Adj EBITDA of £26m in the quarter
.
•
Run-rate Adj EBITDA continues its upward trajectory, reaching £114m in Q2
Opened 9 new gyms in Q2, totalling 18 for H1 with a further 5 as of today
Excellent liquidity position with £285m of cash & £430m of total accessible funds¹
Outlook
• Recovery continues, but consumer confidence, hot weather & strike disruption are not making it easy
•
We are deploying increased effort, resources & focus on cost management to compliment continued
strong focus on revenue management
Investment programme is ramping up
-
Refurbishment is increasing across the owned estate notably in Denmark
Expect to open 50+ sites this year across the group (corporate owned & franchise)
Building the capability to double that opening and refurbishment rate next year
Remaining cautiously positive about the future, despite obvious economic challenges that lie ahead
Notes:
(1) Includes £30 million cash held by parent, Pinnacle Topco Limited
QPUREG
PUREGYM
Investor Presentation 25 August 2022 3View entire presentation