Spaceandpeople Plc · LSE:SAL
Spaceandpeople — H1 2021 Earnings Presentation
11 slides from Spaceandpeople's earnings presentation, September 2021
Slide 1: 2021 Interim Results Investor Presentation
S P A C E A N D P E O P L E S P A C E A N D P E O P L E 2021 INTERIM RESULTS INVESTOR PRESENTATION RETAIL PROPOSAL. Frenchie and Frenchie at Meadowhall
Slide 2: Financial Results
S P A C E A N D P E O P L E • Net revenue up 2.5% to £1.10m (HY-20: £1.08m) with stronger performance in UK promotions countering decline in UK and German pop-up retail business • Loss before taxation and non-recurring costs of £0.27m (HY-20: £1.63m loss) mitigated/minimised by government support an
Slide 3: Operational Highlights
S P A C E A N D P E O P L E • Business effectively ceased for most of the first half of the year with venues reopening during April and May in the UK and June in Germany • Good signs of recovery in UK promotional revenue in the UK driven by kiosk retail bookings • Multi-year extension to the retail
Slide 4: UK Performance
S P A C E A N D P E O P L E • Promotional revenue before provisioning up 63% to £0.8m (H1-20 before provisioning: £0.5m) driven by strong demand from kiosk retailing upon venues reopening • POP Retail revenue down 60% to £0.2m (H1-20: £0.6m) as venues were closed for the majority of the period and a
Slide 5: German Performance
S P A C E A N D P E O P L E • Retail revenue down 76% to £0.1m (H1-20: £0.4m) as German non-essential retail remained closed for almost the entire period • Profitability improved by £0.35m due to the receipt of £0.4m of government grant support • German promotional business now ceased • New agreemen
Slide 6: Outlook
S P A C E A N D P E O P L E • All venues now operating in both the UK and Germany and business is recovering well, however footfall still affected in railway stations and some pop-up kiosks still out of use due to social distancing requirements in venues • Anticipate promotional business to return t
Slide 7: Summary
S P A C E A N D P E O P L E • Business restart delayed by lockdowns in UK and Germany during H1 • Business borrowing extended and refinanced for longer term through CBIL Scheme • Significant government support in Germany • Cost reductions carried out in 2020 had a significant positive impact on the
Slide 8: Profit and Loss
S P A C E A N D P E O P L E H1 – 2021 H1 – 2021 H1 – 2020 H1 – 2020 H1 2021 Net revenue Loss before tax Net revenue Loss before tax UK promotions £0.8m £0.15m £0.0m £(0.80m) UK retail £0.2m £(0.10m) £0.6m £(0.02m) German promotions £0.0m £0.00m £0.1m £(0.06m) German retail £0.1m £0.07m £0.4m £(0.28m
Slide 9: Cash Flow
S P A C E A N D P E O P L E H1 – 2021 H1 – 2020 Operating cash flow £(0.14m) £(0.40m) Tax repaid £0.01m £0.06m Investment in fixed assets £(0.02m) £(0.02m) Cash flow before financing £(0.15m) £(0.36m) Movement in borrowings £0.07m £0.86m Net cash flow £(0.08m) £0.50m Cash balance £0.76m £1.73m CASH
Slide 10: Disclaimer
S P A C E A N D P E O P L E This presentation should be read in conjunction with the RNS announcement published by SpaceandPeople plc (the “Company”) on 27 September 2021. This document has been sent to you by either Zeus Capital Limited (“Zeus”) who is authorised to carry on regulated activities by
Slide 11: Contact
S P A C E A N D P E O P L E CONTACT NANCY CULLEN (CEO) SPACEANDPEOPLE PLC nancy.cullen@spaceandpeople.co.uk www.spaceandpeople.com 07872 666419 www.spaceandpeople.co.uk 100 West Regent Street GlasgowHouse Delta G2 2QD GREGOR DUNLAY (CFO) 50 West Nile Street Glasgow gregor.dunlay@spaceandpeople.co.uk