Lucky Strike Entertainment Corporation · NYSE:LUCK
Lucky Strike Entertainment — Isos Acquisition — Q1 FY2022 Earnings Presentation
13 slides from Lucky Strike Entertainment's earnings presentation, Nov 15, 2021
Slide 1: Q1 FY 2022 Results Presentation
BOWLERO CORPORATION Q1 FY 2022 Results Presentation November 2021
Slide 2: Disclaimer
Disclaimer Forworooking statements ‘Some of the stoterents contained inthis resentation are fornard ooking sttemens within the meaning of Secon 278 of he Secure Ataf 1993, 2 amended and Seton 216 ofthe Scues Exchange Act of 1934, 08 ‘amended, These fowereiookng statements ere general identified by t
Slide 3: Q1 FY'22 results key messages
Q1 FY’22 results key messages ¥ Significant growth in quarterly Leisure revenue (+22%) relative to pre-COVID performance v Leisure revenue growth driven by growth in Bowling & Shoe (+19%), Food & Beverage (+23%) and Amusements (+55%) relative to pre-pandemic performance v Adjusted EBITDA? for the qu
Slide 4: Leisure revenue production momentum continues
Leisure revenue production momentum continues LEISURE REVENUE? % GROWTH / (DECLINE) 2021 VS. 2019 Grow by revenue stream vs. 2019 April May June July August ‘September Retail Bowling 1% 12% 20% 26% 259% 46% League Bowling (43%) (20%) (15%) (8%) (42%) (21%) Event Bowling (4%) 1% 1% 20% 11% 19% Food &
Slide 5: Strong and improving center-level economics
Strong and improving center-level economics Bowling & shoe $93 Food & Beverage 60 Amusement 18 Other 6 Total Center Revenue? $176 Total Center Gross Profit $120 % Margin 68% Total Center Level EBITDAR $86 % Margin 49% $78 v Performed better than plan across all center level metrics < Center Level EB
Slide 6: Q1 FY'22 Adjusted EBITDA was 140% greater than comparable pre-COVID quarter
Q1 FY’22 Adjusted EBITDA was 140% greater than comparable pre-COVID quarter ADJUSTED EBITDA? ($MM) v Adjusted EBITDA? in Q4 '22 exceeded Q1 ‘20 by nearly $34mm or 140% v Total Bowling & Shoe and Amusements revenues were 19% and 55% higher than pre-pandemic levels, respectively v Material revenue ups
Slide 7: Robust momentum and rapid recovery continues in FY2022
Robust momentum and rapid recovery continues in FY2022 ‘TTM ADJUSTED EBITDA* ($MM) (452mm or +71% recovery inTTM Adjusted EBITDA vs. previous quarter, ! representing 77% of FY'19A FY'498 7 ‘TIM Q1.FY'228 (pre-COVID) "enter sein! nes ETO hehe oP msm on mmo fa MP nme
Slide 8: Strong cash generation from operations strengthened our financial position
Strong cash generation from operations strengthened our financial position and provided support for our acquisition funding ¥ $54mm of cash generated from operations in Q4 FY2022 ‘Three months ending ($:000s) September 26, 2021 Cash balances, beginning of period $187,093 Operating activities, net* 5
Slide 9: Appendix
Slide 10: Non-GAAP reconciliations
Non-GAAP reconciliations Qa v0) FY2022A FY20208 Adjustments: Interest expense Income tax expense (benefit) Depreciation and amortization Share-based compensation Closed center EBITDAT Foreign currency exchange (gain) loss Asset disposition loss (ain) Transactional and other advisory costs? Charges a
Slide 11: Non-GAAP reconciliations (cont'd)
Non-GAAP reconciliations (cont’d) (SMM) FY2019 FY202 TM. oa 2022 Adjustments: Interest expense oL 89 on Income tax expense (benefit) 2 a ® Depreciation and amortization 92 92 2 Share-based compensation 3 3 3 Closed center EBITDA co) 4 4 Foreign currency exchange (gain) loss 0 Oo) oO) Asset dispositi
Slide 12: Non-GAAP reconciliations (cont'd)
Non-GAAP reconciliations (cont’d) ($0005) ‘Three months ending September 26, 2021. Net cash provided by operating activites $31,540 Business Interuption Insurance proceeds ° Interest on debt 22928 Effect of exchange rates on cash en ‘Three months ending Net cash provided by investing acthities (46.6
Slide 13: Thank You