Leejam Sports Co. · TADAWUL:1830
Leejam Sports — Q2 2022 Earnings Presentation
24 slides from Leejam Sports's earnings presentation
Slide 1: Earnings Presentation Q2 2022
EARNINGS PRESENTATION Q2 2022
Slide 2: Table of Contents
Table of Contents I. DISCLAIMER 3 II. Company’s Profile & Overview 4 III Financial Performance 9 IV. Outlook 2022 22
Slide 3: 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 4: Company's Profile & Overview
Company’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. Our Values • Customer service excellence • Integrity • Responsibility • Collaboration • Innovation
Slide 6: Leejam Brands
Leejam currently operates the following fitness brands: Company Profile & Overview Leejam Brands Leejam currently operates the following fitness brands: Leejam prides itself on its international and professional Fitness Team, designed to make Leejam prides itself on its international and professiona
Slide 7: Value Proposition & Investment Case
Company Profile & Overview Investment case Value Proposition & Investment Case Cash Reserves Adequate cash reserves to ensure financial stability over the longer term amid pandemic uncertainty. Leejam aims to offer a winning solution to the masses; an easily affordable and accessible fitness centre
Slide 8: Q2 2022 Key Highlights
Company Profile & Overview Q2 2022 Key Highlights Item (SAR M) Q2 2022 1H 2022 Female Segment Male Segment Revenue 233.0 464.6 Gross profit 78.0 163.8 53K 42 176K 109 Operating Profit 49.7 108.4 EBITDA 107.0 221.6 Net Profit (Loss) 36.0 82.0 Cash and cash equivalents - 100.4 Members Centers Members
Slide 9: Financial Performance
Financial Performance
Slide 10: Company profitability Q2
Financial Performance Revenue Gross Profit Company profitability Q2 233.0 221.9 88.7 Revenue 78.0 • Increased by 5% due to Membership revenue Increased by SR 4.3M because of the high subscription Income. Personal Training (PT) revenue Increased by SR 1.86M due to more session conducted. Rental incom
Slide 11: Company profitability H1
Financial Performance Revenue Gross Profit Company profitability H1 464.6 163.8 Revenue 370.4 119.2 • Increased by 25% due to Membership revenue Increased by SR 76M because of the high subscription Income. Personal Training (PT) revenue Increased by SR 10M due to more session conducted. Rental incom
Slide 12: Financial position
Financial Performance Current Assets Cash Financial position 186.2 264.8 Current Assets Decreased by 33% mainly due to the decrease in Cash. 176.6 100.4 Cash Decreased by 46% mainly due to the loan payment and dividend payments during the period. 1H 2021 1H 2022 1H 2021 1H 2022 Current Liabilities D
Slide 13: Cash flow statement
Financial Performance Cash Flow from Operation CAPEX Cash flow statement 181.8 92.8 85.7 Cash Flow from Operation Increased by 54% mainly due to the more operating days 117.7 in this period compared with similar period of last year Capex Decreased by 8% mainly due to less construction cost incurred
Slide 14: Leejam Members Data
Financial Performance Male Female Leejam Members Data 176 K 58 K 174 K Male 53 K Members increased by 1% Female Members decreased by 8% Q2 2021 Q2 2022 Q2 2021 Q2 2022 Corporate Members decreased by 6% Total Members Count Corporate Total Members Average Members count decrease by 2% 280 K 274 K 48 K
Slide 15: QoQ Growth: Revenue and Net Income per center
Financial Performance Revenue per center QoQ Growth 300 .0 2.0 1.8 2.5 1.9 1.8 1.7 1.7 1.5 1.6 1.6 1.8 1.7 250 .0 1.6 2.0 1.6 Revenue per center 200 .0 1.5 1.6 1.5 1.1 Remain same as compared to last quarter and slightly 1.5 150 .0 decreased compared to Q2 2021, mainly due to addition 1.0 of Xpress
Slide 16: Revenue Break-Down H1 2022
Financial Performance 9, 2% 7, 1% Revenue Break-Down H1- 2022 46, 10% Individual Membership 110, 24% Corporate Segment Analysis 58, 13% PT Male centers margin is higher than female due to more Rental revenue 355, 76% 345, 74% Other Service Geographical Analysis Central region generated more revenue
Slide 17: Q2 2022 P&L
Financial Performance Q2 2022 P&L Statement of Profit & Loss Q2 2022 Q2 2021 ∆ ∆% Revenue 233.0 221.9 11.1 5.01% Key Messages: Cost of revenue (154.9) (133.1) (21.8) 16.38% Gross profit 78.0 88.7 (10.7) (12.04%) • Revenue increased by SR 11.1M representing 5% due to: Gross profit Margin 33.50% 39.99
Slide 18: H1 2022 P&L
Financial Performance H1 2022 P&L Statement of Profit & Loss H1 2022 H1 2021 ∆ ∆% Revenue 464.6 370.4 94.2 25.43% Key Messages: Cost of revenue (300.8) (251.2) (49.6) 19.76% Gross profit 163.8 119.2 44.6 37.38% • Revenue increased by SR 94.2M representing 25% due to: Gross profit Margin 35.25% 32.18
Slide 19: Q2 COR & SG&A
Financial Performance 1.0 180 1.1 Q2 COR & SG&A 160 1.0 155 1.0 140 133 Key Messages: 120 0.9 100 0.8 COR & COR/Center 80 COR per center remain at same level despite the overall cost of revenue 60 0.7 increase which was due to an increase in employees’, utilities and 40 depreciation costs in additio
Slide 20: Loans & Finance Charges
Financial Performance 500 12 Loans & Finance Charges 450 Key Messages: 446 10 400 Overall bank loan decreased by SR 136M, mainly due to repayment of loans and funding new CAPEX from Operational Cashflow 350 8 Financial charges on loan were increased due to increase in SIBOR Rates however in absolute
Slide 21: Cash Generation
Financial Performance Cash Generation 350 200 % 170% Key Messages: 300 150 % 102% Cash Flow from Operations: 100 % Increased mainly due to higher subscription sales in H1 2022. 250 50% Deferred Revenue: 200 Decreased by 2M. 182 0% 150 -50% 100 118 -100% 50 -150% 292 290 0 -200% Q2 2021 Q2 2022 Cash
Slide 22: Outlook 2022
Outlook 2022
Slide 23: Outlook: Tentative Guidance
Outlook Tentative Guidance Current Expected Category (Centers) (Centers Range) 30-Jun-22 31-Dec-22 2022 growth will be driven by: Female - Xpress 4 5 to 6 • Further openings of Xpress Clubs Female - Big Box 37 42 to 44 Male - Big Box 92 93 to 95 • Further openings of Big Box centers Male - Xpress 18
Slide 24: Q&A Thank You
Q&A Thank You For enquires, please contact the Investor Relations Department at: investor.relations@leejam.com.sa
Leejam Sports Company — Q2 2022 Earnings Presentation on 6ix