Xponential Fitness, Inc. · NYSE:XPOF
Xponential Fitness — Q2 2024 Earnings Presentation
14 slides from Xponential Fitness's earnings presentation, Aug 1, 2024
Slide 1: Q2 Financial Results
One of The Leading Global Franchisors of Boutique Health & Wellness Brands Q2 Financial Results | As of June 30, 2024 | Reported on August 1st, 2024
Slide 2: Legal Disclaimer
Legal Disclaimer The information contained in this presentation is provided solely for the purpose of acquainting the readers with Xponential Fitness, Inc. (the “Company,” “Xponential” or “we”) and its business operations, strategies and financial performance. This presentation and any accompanying
Slide 3: Mark King – Chief Executive Officer & Director
Mark King – Chief Executive Officer & Director • 44 years of industry experience • Profitably scaled some of the world’s largest consumer companies • In-depth franchise expertise 3
Slide 4: Single Greatest Determinant of our Success: Healthy and Profitable Franchisees
Single Greatest Determinant of our Success: Healthy and Profitable Franchisees Strong New Successful Studio Franchisees Performance Franchisees Attractive Reinvest Returns on into Our Invested System Capital 4
Slide 5: Q2 2024 Key Operating Metrics
Q2 2024 Key Operating Metrics(1) Total Members Total Visits Run-Rate AUVs(2) 801K 15.1M $638K +17% YoY +20% YoY +10% YoY 1) YoY comparison refers to Q2 2023. Total Members, total visits and run-rate AUVs represent North America only. All KPI information is presented on an adjusted basis to include h
Slide 6: North America Run-Rate Average Unit Volumes
North America Run-Rate Average Unit Volumes(1) ($000s) $638 $612 $609 $581 $585 $561 $539 $491 $500 $508 $466 $470 $448 $438 $404 $307 $324 $266 $185 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 1) Quarterly Run-Rate AUV (“average
Slide 7: Q2 2024 Key Operating Metrics
Q2 2024 Key Operating Metrics(1) Global Studios Global Licenses 3,102 6,125 +11% YoY +12% YoY 1) YoY comparison refers to Q2 2023. All KPI information is presented on an adjusted basis to include historical information of Lindora prior to its acquisition by the Company in January 2024, and to exclud
Slide 8: Global Platform
Global Platform Global Platform DENMARK FINLAND NORWAY UNITED KINGDOM CANADA IRELAND NETHERLANDS SWITZERLAND GERMANY FRANCE AUSTRIA SOUTH UNITED STATES PORTUGAL SPAIN KOREA JAPAN KUWAIT MEXICO DOMINICAN QATAR HONG KONG REPUBLIC SAUDI ARABIA MALAYSIA SINGAPORE INDONESIA 27 442 1,000+ Total MFA Open S
Slide 9: Q2 2024 Key Operating Metrics
Q2 2024 Key Operating Metrics(1) System-Wide Sales Same Store Sales(2) $421M +7% +24% YoY Greater Than 36 Months +8% 1) YoY comparison refers to Q2 2023. System-wide sales and same store sales represent North America only. All KPI information is presented on an adjusted basis to include historical i
Slide 10: Income Statement
Income Statement In $ thousands, except per share amounts Q2 2024 Q2 2023 $ Difference % Change System-wide Sales (North America) $421,471 $340,758 $80,713 24% Revenue: Franchise revenue $43,020 $35,133 $7,887 22% Equipment revenue $12,925 $14,428 ($1,503) (10%) Merchandise revenue $5,882 $8,401 ($2
Slide 11: Adjusted Earnings (Loss) per Share
Adjusted Earnings (Loss) per Share In thousands, except per share amounts Q2 2024 Q2 2023 Net income (loss) ($13,662) $27,524 Acquisition and transaction expenses (income) ($1,217) ($31,252) TRA remeasurement $253 $698 Impairment of goodwill and other assets $12,089 $7,238 Loss on brand divestiture
Slide 12: Adjusted EBITDA Margin
Adjusted EBITDA Margin In $ thousands Q2 2024 Q2 2023 Net income (loss) ($13,662) $27,524 Interest expense, net $10,869 $8,098 Income taxes $132 $133 Depreciation and amortization $4,517 $4,288 EBITDA $1,856 $40,043 Equity-based compensation $4,196 $6,055 Employer payroll taxes related to equity-bas
Slide 13: FY 2024 Guidance
FY 2024 Guidance Low Range High Range 2023 (as % Change vs 2023 at ($ in millions) Guidance Guidance reported) Midpoint Gross New Studio Openings (Global) 500 520 557 -8% Prior - Q1 2024 540 560 System-wide Sales (North America) $1,705 $1,715 $1,400 22% Prior - Q1 2024 $1,705 $1,715 Revenue $310 $32
Slide 14: Q&A
One of The Leading Global Franchisors of Boutique Health & Wellness Brands Q&A Please see the FAQ section at investor.xponential.com for a list of commonly asked questions on our corporate structure and capitalization. 14