Coppa Collective Plc · LSE:COPC
Coppa Collective — Various Eateries — FY2020 Earnings Presentation
19 slides from Coppa Collective's earnings presentation, Feb 25, 2021
Slide 1: Various Eateries
VARIOUS EATERIES,
Slide 2: Disclaimer
DISCLAIMER • The information contained in this document (the “Presentation”) has been prepared by Various Eateries plc (the “Company”) solely for informational purposes. It is subject to updating, revision and further amendment. • This Presentation has not been approved by an authorised person in ac
Slide 3: Leadership Team
LEADERSHIP TEAM Successful entrepreneurs and proven operators with deep industry expertise HUGH OSMOND ANDY BASSADONE YISHAY MALKOV OLI WILLIAMS FOUNDER CHAIRMAN CEO CFO 3
Slide 4: Executive Summary
EXECUTIVE SUMMARY Various Eateries has the team, the funding and the brands to create a major force in hospitality • Despite immense disruption over the last twelve months, performance during the summer period of opening was strong, demonstrating the appeal of our all day formats in a work-not-from-
Slide 5: Unprecedented Opportunity
UNPRECEDENTED OPPORTUNITY The state of the market gives us an unprecedented opportunity to accelerate following the transition period out of lockdown SITE AVAILABILITY AVAILABILITY OF TALENT CHANGE IN CONSUMER BEHAVIOUR • Leases in prime locations • Higher level of well-qualified staff • Coppa desig
Slide 6: Our Brands
OUR BRANDS
Slide 7: Our modern Italian Brasserie ideally positioned to benefit post-covid
Our modern Italian Brasserie ideally positioned to benefit from changes to the market post-covid. • New Italian provenance brasserie with nationwide potential, offering a step change in quality from current high street offerings • Concept development led from inception through to execution by Andy B
Slide 8: Flexible all-day 'Clubhouse' proposition for changing consumer behaviour
Flexible all-day ‘Clubhouse’ proposition designed to address changing consumer behaviour, • Seven established and successful South-East locations with no direct competition outside of London • Flexible proposition designed for the changes in consumer behaviour which have been accelerated by Covid •
Slide 9: Clear Growth Strategy
CLEAR GROWTH STRATEGY Ideally placed to accelerate expansion of in-house concepts alongside targeted acquisitions of emerging brands Clubhouse Coppa Club HOTEL • Scope for > 50 sites in the UK Townhouse PARTNERSHIPS • Locations with minimal Event Space competition • Efficient operation of the club f
Slide 10: FY20: Transformational Year
FY20: TRANSFORMATIONAL YEAR
Slide 11: Positioned for Expansion
POSITIONED FOR EXPANSION A significant reshaping of the business in FY20 positions the Group perfectly for post-Covid expansion • Raised £25m in successful AIM listing in the final week of the period to take advantage of the state of the hospitality sector • Completed significant reshaping with the
Slide 12: FY20 Results
FY20 RESULTS
Slide 13: Encouraging Results in Key Trading Period
ENCOURAGING RESULTS IN KEY TRADING PERIOD Pre-Covid performance: Post lockdown performance of Coppa Club sites • Trade was solid up to the beginning of February, with the Coppa Club estate trading positive LFL Jul – Sep LFL Revenue Jul ‘20 Aug ‘20 Sep ‘20 ‘20 • With the arrival of Covid in the UK, s
Slide 14: FY20 Income Statement
FY2O INCOME STATEMENT The financial results for FY 20 have been materially impacted FY 2020 FY 2019 by the following unusual factors: (£000) (£000) • The comprehensive restructuring and refinancing of the Group Revenue 16,469 25,605 ahead of the Initial Public Offering (IPO) in September 2020 Loss b
Slide 15: FY20 Balance Sheet
FY20 BALANCE SHEET FY 2020 (£000) FY 2019 (£000) Overall, following the restructures and IPO, the Group ends Non Current Assets FY20 with a net asset position of £27.2m Intangible assets 12,903 7,264 Other PPE & Rights of Use assets 33,439 24,330 • Goodwill on Acquisition of Hotel businesses in FY20
Slide 16: Looking Ahead
LOOKING AHEAD
Slide 17: Summary & Outlook
SUMMARY & OUTLOOK • An entrepreneurial management team with a proven track record of delivery • Established platform businesses with no tail • Future-proof brands • The most favourable market opportunities seen in a generation Various Eateries has an unprecedented growth opportunity
Slide 18: Questions
QUESTIONS
Slide 19: Appendix: Our Estate
APPENDIX: OUR ESTATE Coppa Club 1. Tower Bridge, opened May 2016 2. Henley, opened April 2018 3. Maidenhead, opened October 2018 4. Brighton, opened October 2019 5. Cobham, opened December 2020 Coppa Clubhouses 1. The Great House at Sonning, opened July 2015 2. The Swan at Streatley, opened July 201