Young & Co.'s Brewery, P.l.c. Class A · LSE:YNGA
Young & Co.'s Brewery, P.l.c. Class A — FY2026 Earnings Presentation
25 slides from Young & Co.'s Brewery, P.l.c. Class A's earnings presentation, May 21, 2026
Slide 1: Full Year Results: Delivering the Young's strategy
Full Year Results Delivering the Young’s strategy 52 weeks ended 30th March 26 1
Slide 2: Welcome
Welcome Simon Dodd CEO Young & Co's Brewery, P.L.C 2
Slide 3: A year of impact, delivering results
A year of impact, delivering results Surpassing £500m in Strong LFL sales over the Ram agency continues to Homegrown succession revenue Christmas period thrive and grow AA rosettes for the Maximizing key sporting Successful move from AIM Guinea Grill, Oyster Shed & Milestone achievement for to the M
Slide 4: Record revenue driven by continued strategic progress
Record revenue driven by continued strategic progress Revenue up +4.6% to £508.2 million Like-for-like revenue growth of 4.7% Sector-leading operating margin of 14.0% Adjusted PBT up 2.9% to £53.1 million £36.1 million invested in existing best-in-class estate Net debt down by £24.1m; leverage reduc
Slide 5: Financials
Financials Mike Owen CFO 5
Slide 6: Record Performance with strong profit conversion
Record Performance with strong profit conversion FY 2026 FY 2025 change £m £m % Revenue 508.2 485.8 +4.6% EBITDA* 115.2 113.6 +1.4% Operating profit* 71.3 71.4 -0.1% Operating margin* 14.0% 14.7% -0.7% Profit before tax* 53.1 51.6 +2.9% Adjusted basic EPS 64.56 61.84 +4.4% Dividend per share 24.44 2
Slide 7: Driving efficiencies and offsetting significant headwinds
Driving efficiencies and offsetting significant headwinds Managed pubs FY 2026 FY 2025 change £m £m % Liquor 321.6 305.5 +5.3% Food 151.5 146.3 +3.5% Accommodation 32.2 30.8 +4.3% Other 2.3 2.4 -0.6% Revenue 507.6 485.0 +4.6% AWT per pub (£k) 36.2 34.4 +5.0% EBITDA* 143.8 138.3 +4.0% EBITDA margin*
Slide 8: Disciplined investments driving genuine volume growth
Disciplined investments driving genuine volume growth Existing estate (Young's) Existing estate (City) Acquisition FY 2022 FY 2022 FY 2023 FY 2023 FY 2024 FY 2024 FY 2025 FY 2025 FY 2026 FY 2026 £m £m £m £m £m £m £m £m £m £m Existing estate (Young's) 30.4 34.4 48.0 40.5 26.8 Existing estate (City) 6
Slide 9: Recent major CAPEX projects
Recent major CAPEX projects The Crown, Chertsey Half Moon, Putney Stag • £1.2m scheme to upgrade a well- • £2.1m trading extension at the • Refresh of vibrant Hampstead loved pub. Complete renovation, famed-live music pub, including pub, including impressive beer including 30 rooms enclosed roof ter
Slide 10: Recent minor CAPEX projects
Recent minor CAPEX projects Hoste, Burnham Market Old Firehouse, Exeter The Crown & Anchor, Chichester • £0.4m scheme refurbishing the • £0.3m scheme enhancing the trading • £0.3m refurbishment to restore ground floor trading areas areas & improvements designed the pubs traditional character • AWT u
Slide 11: Strategically positioned estate with strong freehold foundations
Strategically positioned estate with strong freehold foundations Combined estate 79% effective freeholds Pub count 1 277 Freehold pub valuation of over £1.0 billion 275 -3 Pub movements in the period: April 2025 Additions Disposals March 2026 • Bought in one freehold (Queen of the South) • Ended one
Slide 12: Strong free cash flow with disciplined capital allocation
Strong free cash flow with disciplined capital allocation FY 2026 FY 2025 £m £m EBITDA (net of rent payments) 105.1 103.3 Maintenance capex (16.8) (18.0) Working capital, other 3.9 (2.9) Operating cash flow 92.2 82.4 Interest, tax & pension (24.7) (23.5) Exceptionals (2.7) (4.7) Free cash flow 64.8
Slide 13: Increased asset strength with lower net debt
Increased asset strength with lower net debt FY 2026 FY 2025 change £m £m % Property, Plant and Equipment 1,051.6 1,042.1 +0.9% Other Assets 257.6 264.7 -2.7% Net Debt (excl. lease liabilities) (224.2) (248.3) -9.7% Lease Liabilities (82.8) (88.0) -5.9% Other Liabilities (208.8) (196.1) +6.5% Net As
Slide 14: Operational Review
Operational Review Simon Dodd CEO Young & Co's Brewery, P.L.C 14
Slide 15: Operational excellence and investment driving growth
Operational excellence and investment driving growth Operational excellence Well positioned to optimise trading during key events. Supported by record breaking results over the Wimbledon Like-for-like growth tournament and Christmas period. Evolving with customer Sustained focus on customer experien
Slide 16: Sustained LFL growth, ahead of competitors and industry trends
Sustained LFL growth, ahead of competitors and industry trends Last 24 months LFL performance Regional performance vs. last year % No. pubs Central London 6.3% 23 Young's growth % CGA Industry average % City & East London 5.3% 26 15.0% North London 10.1% 17 10.0% South London 4.2% 7 5.0% South West
Slide 17: City Pub Group
City Pub Group integration delivering margin gains despite sector pressures Operating CAPEX Revenue EBITDA £ EBITDA % profit % projects £76.8M +3.9% +1.0ppts -0.1 ppts 8 Highlights • Success across the festive period delivering in excess of 26% growth over Christmas and Boxing Day • Strong food marg
Slide 18: Cubitt House
Cubitt House Iconic London pub group acquisition Highlights • Transaction completed in April 2026 • 8 sites in prime locations including Mayfair, Knightsbridge, Marylebone and Notting Hill • 9th Pub in development, due to open in the final quarter • Delivering AWT c. £63k and adding 16 rooms into th
Slide 19: Younger consumers driving premium beer growth
Younger consumers driving premium beer growth What do young consumers want? Premiumisation · Discovery & flavour · Social experience-led occasions +15% +162% +40% Young’s Y.o.Y growth % Significant resurgence amongst Strong Gen Z & younger millennial Premium, urban, aspirational, younger, urban drin
Slide 20: Capturing demand for premium drinks
Capturing demand for premium drinks Revenue Growth Beer & Cider Cocktails Wine £321.6M +5.3% +8.0% +16.2% +3.5% Continuing to evolve our drinks range Premium beer Establishing a The evolution Expanding growth stout category of Spritz ranges Strengthened by Introduced Customers moving Increased low a
Slide 21: Fresh, British and seasonal food strategy
Fresh, British and seasonal food strategy Revenue Growth Set Menu Fish & Chips £151.5M +3.5% +14.4% +5.7% The pub classics continue to thrive Agile supply Individuality Fundamentals Premium chain Fresh, seasonal, Optimising Young’s Classics & roasts Premium offer at locally sourced supply chain to h
Slide 22: Young's Rooms continue to deliver growth
Young’s Rooms continue to deliver growth Revenue Growth RevPAR ARR Occupancy % £32.2M +4.3% +4.8% +2.4% +1.7ppts Rooms that deliver more than a night’s stay Backed by An elevated Well invested Growing sustained experience systems Profitability investment Generous 2 CAPEX schemes Successfully 63% boo
Slide 23: Encouraging start to FY27
Encouraging start to FY27 plenty to look forward to • Last 5 weeks like-for-like sales up by 3.4%, and total sales up 7.9% • Including 4 weeks of Cubitt House sales • Moved up to the Main Market of the London Stock Exchange • Acquired Cubitt House pub group • We are very optimistic about the year ah
Slide 24: Questions & Answers
Questions & Answers Young & Co's Brewery, P.L.C 24
Slide 25: Appendix – IFRS 16
Appendix – IFRS 16 Post Pre IFRS16 IFRS16 IFRS16 £m £m £m EBITDA* 105.0 10.2 115.2 Depreciation (35.0) (8.9) (43.9) Operating profit* 70.0 1.3 71.3 Finance costs (14.3) (3.9) (18.2) Profit before tax* 55.7 (2.6) 53.1 Young & Co's Brewery, P.L.C 25
Young & Co.'s Brewery, P.L.C. — FY2026 Earnings Presentation on 6ix