Hollywood Bowl Group Plc · LSE:BOWL
Hollywood Bowl — FY2025 Earnings Presentation
35 slides from Hollywood Bowl's earnings presentation, Dec 16, 2025
Slide 1: FY2025 Results Presentation
FY2025 Results Presentation Hollywood Bowl Group 16 December 2025
Slide 2: Agenda
Hollywood Bowl Group FY2025 Results Agenda Stephen Burns Chief Executive Officer • Financial highlights • Strategic and operational review • Group update Laurence Keen Chief Financial Officer • Group financial performance • Estate update • Outlook 2
Slide 3: Group financial highlights
Hollywood Bowl Group FY2025 Results Group financial highlights Total revenue LFL revenue growth EBITDA pre-IFRS 16 Net cash £250.7m +1.3% £68.4m £15.2m FY2024 £230.4m (constant currency basis) FY2024 £67.7m FY2024 £28.7m +8.8% Adjusted profit after Adjusted earnings Total ordinary Profit after tax t
Slide 4: Excellent progress in FY2025
Hollywood Bowl Group FY2025 Results Excellent progress in FY2025 Strong trading and record revenues • Resilience of business model with multiple levers to drive growth Accelerated number of new openings • Group centres up from 85 to 92 – on track for 130 centres by 2035 • Tenants of choice with stro
Slide 5: Group financial performance
Group financial performance
Slide 6: Record revenues
Hollywood Bowl Group FY2025 Results Record revenues Group Total revenue growth +8.8% Revenue bridge (£m) • LFL +0.6% • LFL +1.3% on constant currency basis 0.7 8.5 UK (1.3) 13.1 0.3 Total revenue growth +6.4% • Hollywood Bowl LFL +1.3% • LFL spend per game +9.2% • LFL games played -7.5% 2.5 250.7 (0
Slide 7: Strong underlying profitability
Hollywood Bowl Group FY2025 Results Strong underlying profitability Record EBITDA of £68.4m • One offs in FY2024 EBITDA bridge (£m) • Business rates £2.8m • Surrey Quays £1.1m 2.0 • LFL estate in line with FY2024 despite weather conditions and higher than 4.6 inflation cost increases (1.3) (0.3) • I
Slide 8: Group financial performance
Hollywood Bowl Group FY2025 Results Group financial performance £m FY2025 FY2024 Movement • Total revenue +8.8% • Gross profit margin Revenue 250.7 230.4 +8.8% • UK GP margin at 84.4%,+40bps Gross profit on cost of goods sold 208.8 191.2 +9.2% • Canadian centre GP margin at 82.8%, -160bps due to mix
Slide 9: Adjusting items
Hollywood Bowl Group FY2025 Results Adjusting items £m FY2025 FY2024 Movement Group profit before tax 44.3 42.8 +3.6% • Adjusting items in FY2025 Deduct: insurance settlement 1.6 - N/A • Insurance settlement Deduct: landlord settlement - 0.6 N/A • Impairments • Canadian acquisition earn out Add: Imp
Slide 10: Balancing investment and shareholder returns
Hollywood Bowl Group FY2025 Results Balancing investment and shareholder returns £22.5m of cash generated pre-shareholder distributions Capital deployment (£m) • Strong operating cash flow funded 4.7 capex programme in FY2025 (9.5) • Cash rent of £22.9m against IFRS 16 charge of £26.3m (14.6) • Move
Slide 11: Capex reducing beyond peak investment phase
Hollywood Bowl Group FY2025 Results Capex reducing beyond peak investment phase Business protection investment Investment capital (£m) • Maintenance activity 60 • Completed Pins on Strings implementation in UK High investment phase • Canada Pins on Strings to complete in FY2027 50 13.3 40 Investment
Slide 12: Strong new centre performance and exciting pipeline
Hollywood Bowl Group FY2025 Results Strong new centre performance and exciting pipeline UK • Record 5 new centres opened • Reading, Uxbridge, Inverness, Preston and Swindon • Prime high footfall locations • £3.5m average investment per centre Reading Oracle centre • All trading in line with expectat
Slide 13: New centre economics
Hollywood Bowl Group FY2025 Results New centre economics EBITDA returns targeted at 19% Illustrative UK new centre in year 1 • Exclude landlord contributions and rent-free period to take the right long term commercial decisions Capital investment £3.40m • Targeting lowest ongoing rent levels Revenue
Slide 14: IFRS 16 impact on new centres and lease regears
Hollywood Bowl Group FY2025 Results IFRS 16 impact on new centres and lease regears Capital investment strategy Example of a recent new centre (below) • Strong rent deals, capital incentives and long leases • Strong performing centre in prime location • 15-year lease term resulting in high IFRS 16 i
Slide 15: Capital allocation policy
Hollywood Bowl Group FY2025 Results Capital allocation policy 1. 2. 3. Invest to maintain Maintain a strong Transformational the business balance sheet refurbishments 4. 5. UPDATED 6. New centres and Ordinary dividend Excess cash to acquisitions of 55% of adjusted shareholders PAT pre-IFRS 16 15
Slide 16: £108m returned to shareholders post Covid
Hollywood Bowl Group FY2025 Results £108m returned to shareholders post Covid Total returned to shareholders (£m) 40 35 30 15.0 25 5.1 4.6 0.4 20 15 20.8 22.2 10 19.7 20.3 5 0 FY2022 FY2023 FY2024 FY2025 Total Ordinary Div Special Div Buyback 16
Slide 17: Financial outlook for FY2026
Hollywood Bowl Group FY2025 Results Financial outlook for FY2026 LFL and new centre revenue growth • In line with previous market guidance Well insulated against external inflationary pressures • NMW/LW impact in line with expectations • FYE of employer NIC increase • Business rates expected to incr
Slide 18: UK operations
UK operations
Slide 19: Differentiated in a growth market
Hollywood Bowl Group FY2025 Results Differentiated in a growth market Expanding competitive socialising market • Expansion of solo and combo offer operators • Increased access to ex-retail real estate • Competitor focus on younger adult and corporates in urban locations • Bowling remains most popula
Slide 20: UK highlights
Hollywood Bowl Group FY2025 Results UK highlights Revenue Spend per game £12.28 New centres • £212.4m • Bowling +8.9% • Record 5 openings • +6.4% growth • Amusements +15.1% • Prime locations • +1.1% total LFL • Food +6.0% • Landlord tenant of choice • +1.3% bowling centre LFL • Drink +4.1% • Strong
Slide 21: Operational levers supporting business resilience
Hollywood Bowl Group FY2025 Results Operational levers supporting business resilience Demand levers Cost management • Most challenging weather backdrop since FY2018 • Volume related cost reduction initiatives • Demand creation through digital marketing • Resilience against cost inflation • Yield pro
Slide 22: Canadian operations
Canadian operations
Slide 23: Significant growth since FY2022
Hollywood Bowl Group FY2025 Results Significant growth since FY2022 3x estate 3.9x revenue growth growth 70 Number of centres 15 CAD m 5 18 FY2022 FY2025 FY2022 FY2025 3.75x EBITDA % of Group growth revenue CAD m 10.5 £ currency adjusted 15% 9% 2.8 FY2022 FY2025 FY2022 FY2025 23
Slide 24: Canada highlights
Hollywood Bowl Group FY2025 Results Canada highlights Revenue (CAD) Spend per game CAD 17.36 New centres • 70m* • Bowling +1.7% • 2 new greenfield centres • +32% growth (constant currency) • Amusements +43.8% • Prime co-locations • +3.2% total LFL (constant currency) • Food +12.3% • Brand traction w
Slide 25: Investing in the customer experience
Hollywood Bowl Group FY2025 Results Investing in the customer experience Pins on Strings Product initiatives Operational efficiencies • Significant investment in core • Wear your own shoes • Simplified food menu – speed, offer • Booking by game options quality and consistency • Now in 60% of the est
Slide 26: Disciplined expansion approach towards 35 centre target
Hollywood Bowl Group FY2025 Results Disciplined expansion approach towards 35 centre target Financial Expansion Development focus Proposition Team Scale Year stage Low risk Acquisition of existing Bowling, arcade, Existing local 5 centres 2022 1 market entry footprint in Toronto area F+B management
Slide 27: Group update
i Group update
Slide 28: Growth enablers
Hollywood Bowl Group FY2025 Results Growth enablers Technology Digital marketing Amusements • New customer booking system • Investment in expanding Group • £11m invested in new machines • Increased conversion, order digital and data teams to across the Group value and cross sale rates support future
Slide 29: Operating as a responsible business
Hollywood Bowl Group FY2025 Results Operating as a responsible business Safe and inclusive centres Outstanding workplaces A sustainable estate Centres are important community Team members are key to Minimising our impact on the social and employment venues delivering great experiences environment is
Slide 30: Enlarged and realigned leadership team well positioned to deliver future growth
Hollywood Bowl Group FY2025 Results Enlarged and realigned leadership team well positioned to deliver future growth Stephen Burns Antony Smith Mel Dickinson Rob Demirtges Group CEO Group CFO (Feb 2026) Group CPO Group CMTO Darryl Lewis Laurence Keen Mat Hart UK Managing Director Canada CEO (Feb 2026
Slide 31: Outlook and strategic ambition
Outlook and strategic ambition
Slide 32: Outlook and strategic ambition
Hollywood Bowl Group FY2025 Results Outlook and strategic ambition Market leader with Best in class leisure Well insulated differentiated and experiences with against cost resilient business robust demand for inflation model our value for money offer Multiple internal Further estate Strong cash enab
Slide 33: Appendix
Appendix _ —_—— ie
Slide 34: Reconciliation – Operating profit to EBITDA
Hollywood Bowl Group FY2025 Results Reconciliation – Operating profit to EBITDA £’000 FY2025 FY2024 Operating profit 58,224 53,506 Depreciation 30,506 25,918 Impairment 2,288 5,316 Amortisation 1,155 935 Loss on property, ROU assets, plant and 223 88 equipment and software disposal Exceptional costs
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