Mitchells & Butlers plc · LSE:MAB
Mitchells & Butlers — Bass — FY2000 Earnings Presentation
16 slides from Mitchells & Butlers's earnings presentation, November 2000
Slide 1: 1999 Restatement
S1 BASS PLC 1999 Restatement £m As 53rd FRS Equivalent Published Week 15 Basis Turnover 4,686 (69) - 4,617 Operating Profit BHR $m 521 - (27) 494 BHR 321 - (17) 304 BLR 298 (6) (17) 275 Britvic 44 (2) - 42 Other 1 - - 1 Continuing 664 (8) (34) 622 Discontinued 160 (4) - 156 Total 824 (12) (34) 778 P
Slide 2: Investment
S2 BASS PLC Investment £m 99/00 98/99 Gross Disposals Net Gross Disposals Net Hotels & Resorts 342 (16) 326 285 (15) 270 Leisure Retail 250 (46) 204 241 (101) 140 Soft Drinks 55 (7) 48 39 (5) 34 Other 25 (6) 19 27 (19) 8 Continuing Ops 672 (75) 597 592 (140) 452 Discontinued 61 (4) 57 103 (54) 49 Gr
Slide 3: Occupancy, Rate and RevPAR
S3 BASS HOTELS & RESORTS Occupancy, Rate and RevPAR Occupancy % Rate $ RevPAR $ 99/00 98/99 99/00 98/99 99/00 98/99 Growth AMERICAS* - Inter-Continental 68.8 71.4 167.66 155.27 115.38 110.87 4.1% - Crowne Plaza 70.9 69.0 108.11 103.21 76.60 71.19 7.6% - Holiday Inn 65.8 65.9 79.37 75.54 52.20 49.75
Slide 4: Geographic Distribution - 99/00 (Hotels)
S4 BASS HOTELS & RESORTS Geographic Distribution - 99/00 Americas EMEA Asia Total Pacific Hotels @ 30.9.99 2,244 453 102 2,799 Additions 241 55 69 365 Removals* (71) (22) (8) (101) Hotels @ 30.9.00 2,414 486 163 3,063 *net of reinstatements
Slide 5: Geographic Distribution - 99/00 (Rooms)
S5 BASS HOTELS & RESORTS Geographic Distribution - 99/00 Americas EMEA Asia Total Pacific Rooms @ 30.9.99 340,191 87,782 28,774 456,747 Additions 26,551 8,159 15,873 50,583 Removals* (9,385) (3,636) (3,245) (16,266) Rooms @ 30.9.00 357,357 92,305 41,402 491,064 *net of reinstatements
Slide 6: System Size
S6 BASS HOTELS & RESORTS System Size Room Numbers Americas EMEA Asia Pacific Total Owned/Leased 10,419 14,674 2,823 27,916 Mgmt Contract 36,304 25,131 29,684 91,119 Franchised 310,634 52,500 8,895 372,029 Total 357,357 92,305 41,402 491,064
Slide 7: Inter-Continental Distribution
S7 BASS HOTELS & RESORTS Inter-Continental Distribution Inter-Continental Forum Total Hotels @ 30.9.99 121 20 141 Additions 16 0 16 Removals (5) (4) (9) Hotels @ 30.9.00 132 16 148 Rooms @ 30.9.00 44,537 6,019 50,556
Slide 8: Americas System Size - Hotels
S8 BASS HOTELS & RESORTS Americas System Size - Hotels Inter Crowne Holiday Holiday Staybridge Continental Plaza Inn* Inn Suites Express* Opening balance 35 82 1,198 926 2 Movement 5 7 (5) 118 18 Closing balance 40 89 1,193 1,044 20 Royalty Rates - - 4.5% 4.86% 4.60% * Royalty figures - North Americ
Slide 9: Americas System Size - Rooms
S9 BASS HOTELS & RESORTS Americas System Size - Rooms Inter Crowne Holiday Holiday Staybridge Continental Plaza Inn Inn Suites Express Opening balance 12,518 25,282 228,893 73,114 236 Movement 366 1,587 (1,374) 9,196 2,114 Closing balance 12,884 26,869 227,519 82,310 2,350
Slide 10: Modernisation Programme
S10 BASS HOTELS & RESORTS Modernisation Programme FY00 FY01 FY02 FY03 FY04 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 q1 q2 q3 q4 Vienna Budapest Madrid Cannes Mayfair Le Grand San Francisco Chicago New York Miami Enabling work Refurbishment New Rooms
Slide 11: Managed Outlet Numbers - 99/00
S11 BASS LEISURE RETAIL Managed Outlet Numbers - 99/00 Outlet Numbers Managed Outlets @ 30.9.99 2,496 Outlets disposed (54) Outlets acquired/built 591 Outlets @ 30.9.00 3,033
Slide 12: Branded Outlets
S12 BASS LEISURE RETAIL Branded Outlets Restaurants Sept 00 Sept 99 Increase Harvester 130 130 - Toby Carvery 39 28 +11 Vintage Inns 151 132 +19 Innkeeper’s Fayre 16 18 -2 All Bar One 54 49 +5 Browns 11 10 +1 Holiday Inn Express 16 13 +3 Alex (Managed) 19 12 +7 Other 71 82 -11 Total Restaurants 507
Slide 13: Branded Outlets (continued)
S13 BASS LEISURE RETAIL Branded Outlets (continued) Pubs & Bars Sept 00 Sept 99 Increase O’Neills 70 107 -37 Edwards 26 32 -6 It’s A Scream 71 66 +5 Goose 14 15 -1 Hollywood Bowl 21 19 +2 Ember Inns 52 26 +26 Other 31 15 +16 Total Pubs & Bars 285 280 +5 Total of branded outlets 792 754 +38
Slide 14: Total Managed Estate at 30 Sept 00
S14 BASS LEISURE RETAIL Total Managed Estate at 30 Sept 00 Outlet Numbers Restaurants 507 Pubs & Bars 285 Total Branded 792 Unbranded* 2,241 Total 3,033 *includes unconverted Development Estate
Slide 15: Distribution - 2000
S15 BASS HOTELS & RESORTS Distribution - 2000 Number of Hotels Number of Rooms Americas Owned & Leased 34 10,419 Managed & Upscale Franchise 225 59,292 NA Midscale Franchise 2,155 287,646 EMEA Owned & Leased 56 14,674 Managed and Franchised 430 77,631 Asia Pacific 163 41,402 TOTAL 3,063 491,064
Slide 16: Distribution - 1999 Year End
S16 BASS HOTELS & RESORTS Distribution - 1999 Year End Number of Hotels Number of Rooms Americas Owned & Leased 23 8,938 Managed & Upscale Franchise 115 32,630 NA Midscale Franchise 2,106 298,623 EMEA Owned & Leased 55 14,847 Managed and Franchised 398 72,935 Asia Pacific 102 28,774 TOTAL 2,799 456,