Leejam Sports Co. · TADAWUL:1830
Leejam Sports — Q2 2021 Earnings Presentation
27 slides from Leejam Sports's earnings presentation, 2021
Slide 1: Leejam Sports Company Investor Presentation Q2 2021
Leejam Sports Company Investor Presentation Q2 – 2021
Slide 2: Disclaimer
DISCLAIMER Leejam Sports Company makes no representation or warranty of any kind, express, implied or statutory regarding this document or the materials and information contained or referred to on each page associated with this document. The material and information contained on this document is pro
Slide 3: Leejam’s Profile & Overview Financial
Leejam’s Profile & Overview Financial Performance Strategic Report Outlook FY 2021 Q&A
Slide 4: Leejam's Profile & Overview
Leejam’s Profile & Overview
Slide 5: Our Vision, Our Mission, Our Values
Our Vision To be the people’s favourite and most accessible wellness club. Our Mission To steer society towards a healthy lifestyle and encourage people to exercise daily. “More than just a gym” From its humble beginnings, Leejam has continued in its path of evolution, fast becoming the region’s lar
Slide 6: Leejam Brands
Leejam Brands Leejam prides itself on its international and professional Fitness Team, designed to make Fitness Time the gym of choice. Leejam currently operates the following fitness brands: Situated in strategically selected locations to provide an accessible fitness centre to the fitness communit
Slide 7: Key Highlights
Key Highlights Q2 2020 Q2 2021 Q2 2020 Q2 2021 Item (SAR M) Q2 2021 Q2 2020 Change % Q2 2019 Change % Revenue 24.4 810.9% 219.0 1.3% Total Members 221.9 Female members Gross profit 85.7 (62.7) - 81.5 5.2% 280K 55K 58K Operating Profit 64.1 (77.6) - 65.5 (2.2%) 243K EBITDA 115.4 (25.2) - 113.7 1.4% N
Slide 8: Strategic Report
Strategic Report
Slide 9: Business Model
Business Model Leejam’s business model looks at the ways in which the Company is able to generate value for its stakeholders, along with the resources used to achieve all strategic objectives. These are built taking consideration towards the Company’s vision to be the people’s favourite and most acc
Slide 10: Business Model (continued)
Business Model (continued) Services and Features The Facilities Leejam’s Value Creation • Half Olympic Sized Pools • Cardio • Membership growth, retention • Jacuzzi • Strength and loyalty • Sauna • Personal Training • Sustainable returns for • Steam shareholders • CrossFit Style • Soccer, Basketball
Slide 11: Strategy
Strategy Growth Leejam has carefully crafted its 3-year strategy to enable the To increase the rate of expansion of fitness centres through: Company to continue its upwards trajectory built on rapid growth, expansion, • Traditional new clubs diversification and evolution. Every step of the Company’s
Slide 12: Strategy Framework
Strategy Framework For Leejam to achieve on its strategic objectives, a clear and concise framework is required outlining the way in which the Company plans to execute its strategy and achieve its goals. To lead by example To manage business performance To ensure structure and process • Portray the
Slide 13: Risk Management
Risk Management Leejam strives to ensure that its stakeholders, its reputation and the value of its assets are protected through effective risk assessment, identification and mitigation. The Company is committed to continually developing a risk management culture through its Risk Management Policy,
Slide 14: Risk Management
Risk Management Strategic Risk Operational Risk People Risk Strategic Risks are those that failed business decisions pose to a company. The failure to maintain adequate security and safety environment as well as regulatory non-compliance The risk that staff either leave or that they do not By contin
Slide 15: KSA 130 Centers Locations
KSA Locations 130 Centers UAE 5 Centers No. of Centers 3 52 35 7 0 31 5 2
Slide 16: Financial Performance
Financial Performance LEELA
Slide 17: Profitability – Q2 2021
Profitability – Q2 2021 Amounts in million (SAR) Revenue Gross profit 1.3% 5.2% 810.9% 100 .0 100 .0% 38.6% 37.2% 80. 0 50. 0% 60. 0 0.0 % 40. 0 (50.0%) 85.7 81.5 20. 0 (100.0%) 0.0 (62.7) (150.0%) (20.0) (200.0%) (40.0) (250.0%) (60.0) 24.4 (80.0) (300.0%) 221.9 219.0 Q2 2021 Q2 2020 Q2 2019 Q2 202
Slide 18: QoQ Growth
QoQ Growth Amounts in million (SAR) Revenue per Center 2.0 300 .00 2.5 0 1.9 1.8 1.7 1.7 1.8 250 .00 1.6 1.7 1.6 2.0 0 1.6 1.5 200 .00 1.5 1.1 1.5 0 150 .00 1.0 0 100 .00 0.2 0.5 0 50. 00 177.0 187.0 210.0 225.0 217.0 219.0 238.0 267.0 196.1 24.4 209.5 230.2 148.5 221.9 0.0 0 0.0 0 Q1 2018 Q2 2018 Q
Slide 19: Revenue Break-Down Q2 2021
Revenue Break-Down Q2 2021 Amounts in million (SAR) Q2 2021 Q2 2021 3, 1% 4, 2% 22, 10% 55, 25% 25, 12% 167, 75% Male Revenue, % of Total Revenue Revenue, % of Total Revenue 168, 75% Female Individual Membership Corporate PT Rental Other Service 19
Slide 20: Q2 2021 P&L
Q2 2021 P&L Amounts in million (SAR) SR M Q2 2021 Q2 2020 ∆ ∆% Q2 2019 ∆ ∆% Key Messages: Revenue 221.9 24.4 197.5 810.9% 219.0 2.8 1.3% Cost of revenue (136.1) (87.0) (49.1) 56.4% (137.5) 1.4 (1.0%) Revenue increased by SR 197.5M representing 810.9% due to: Gross profit 85.7 (62.7) 148.4 236.8% 8
Slide 21: 1H 2021 P&L
1H 2021 P&L Amounts in million (SAR) SR M 1H 2021 1H 2020 ∆ ∆% 1H 2019 ∆ ∆% Key Messages: Revenue 370.4 222.0 148.4 66.8% 436.3 (65.9) (15.1%) Cost of revenue (257.3) (232.7) (24.6) 10.6% (279.7) 22.4 (8.0%) Increase in revenue by SR 148.4M mainly driven by: Gross profit 113.1 (10.7) 123.8 (1160.6
Slide 22: Q2 COR & SG&A
Q2 COR & SG&A Amounts in million (SAR) Key Messages: 160 1.2 1.0 1.0 140 58% increase in average COR / center is mainly driven by: More operating days (91 days in current quarter Vs 10 days in similar 1.0 120 0.8 quarter of the previous year). In similar quarter of the previous year 0.6 the Gym
Slide 23: Loans & Finance Charges
Loans & Finance Charges Amounts in million (SAR) Key Messages: 600 16 14.6 13.6 14 Overall bank loan decreased by SR 42M, however Cash increased by SR 500 12.0 8.4M 12 Approximate 50-60% split by managing the portfolio between floating & 400 10 fixed rated borrowings. 300 8 557.5 487.6 Weighte
Slide 24: Cash Generation
Cash Generation Amounts in million (SAR) 350 250 % 191.7% 200 % 300 150 % 102.3% 100 % 250 50% 200 0% -50% 291.8 150 277.8 243.1 -100% 218.0 -261.9% 100 -150% 118.0 -200% 50 65.9 -250% 0 -300% Q2 2021 Q2 2020 Q2 2019 Cash Flow from Operating Activites Deferred Revenue Cash flow/EBITDA 24
Slide 25: Outlook
2021 Outlook
Slide 26: 2021 Outlook
2021 Outlook Tentative Guidance: Current Expected (Range) 2021 growth will be driven by: Category 30-Jun-21 31-Dec-21 • Further openings of 13-17 Xpress Clubs • Further openings of 1-3 female centers Female - Xpress 2 3 to 5 • Continuing LFL growth and ramp up of non-LFL & new centers • Expanding co
Slide 27: Q&A Thank You
Q&A Thank You For enquires, please contact the Investor Relations Department at: investor.relations@leejam.com.sa
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