Spaceandpeople Plc · LSE:SAL
Spaceandpeople — FY2021 Earnings Presentation
11 slides from Spaceandpeople's earnings presentation, April 2022
Slide 1: 2021 Full Year Results Investor Presentation
S P A C E A N D P E O P L E S P A C E A N D P E O P L E 2021 FULL YEAR RESULTS INVESTOR PRESENTATION RETAIL PROPOSAL. Arrow Fresh at Leeds Station
Slide 2: Financial Results
S P A C E A N D P E O P L E • Net revenue up 43% to £4.0m (2020: £2.8m) due to strong recovery in UK promotions division • Operating profit before discontinued operations of £0.2m (2020: loss of £3.6m) as a result of increased revenue, reduced overheads and no non-recurring costs • Net after tax cas
Slide 3: Operational Highlights
S P A C E A N D P E O P L E • Demonstrated resilience of the business with successful bounce-back each time restrictions were lifted • Strong UK promotional revenue driven by kiosk retailing • UK experiential bookings recovered gradually • Multi-year extension to the retail agreement with ECE in Ger
Slide 4: UK Performance
S P A C E A N D P E O P L E • Promotional revenue up 168% to £2.1m (2020: £0.8m) driven by strong demand for kiosk retailing upon venues reopening • POP Retail revenue up 10% to £1.0m (2020: £0.9m) with strong recovery in H2 as venues were open for the majority of the period • Segmental profitabilit
Slide 5: German Performance
S P A C E A N D P E O P L E • Retail revenue down 21% to £0.9m (2020: £1.1m) as German non- essential retail remained closed until May 2021 before a modest recovery over the remainder of the year • Profitability improved by £0.7m to an operating profit of £0.1m due to a reduction in overheads of £0.
Slide 6: Outlook
S P A C E A N D P E O P L E • Business continues to recover well from lockdown periods and has significant long term funding in place that provides sufficient working capital • All venues now operating in both the UK and Germany with very few restrictions still in place • Not materially affected by
Slide 7: Summary
S P A C E A N D P E O P L E • Business restart delayed by lockdowns in UK and Germany during H1, but recovered well in H2 • Return to profitability for the year following significant losses in 2020 • Business borrowing extended and refinanced for longer term through CBIL Scheme • Significant governm
Slide 8: Profit and Loss
S P A C E A N D P E O P L E 2021 2021 2020 2020 Net revenue Profit Net revenue Loss before tax before tax UK promotions £2.1m £0.7m £0.8m £(0.7m) UK retail £1.0m £0.1m £0.9m £(0.1m) German promotions £0.0m £0.0m £0.0m £(0.2m) German retail £0.9m £0.2m £1.1m £(0.4m) Total £4.0m £1.0m £2.8m £(1.4m) He
Slide 9: Cash Flow
S P A C E A N D P E O P L E 2021 2020 Operating cash flow £0.60m £(1.21m) Tax repaid £0.18m £0.06m Investment in fixed assets £(0.08m) £(0.03m) Cash flow before financing £0.70m £(1.18m) Movement in borrowings £(0.16m) £0.79m Net cash flow £0.54m £(0.39m) Cash balance £1.38m £0.84m CASH FLOW 8
Slide 10: Disclaimer
S P A C E A N D P E O P L E This presentation should be read in conjunction with the RNS announcement published by SpaceandPeople plc (the “Company”) on 25 April 2022. This document has been sent to you by either Zeus Capital Limited (“Zeus”) who is authorised to carry on regulated activities by the
Slide 11: Contact
S P A C E A N D P E O P L E CONTACT NANCY CULLEN (CEO) SPACEANDPEOPLE PLC nancy.cullen@spaceandpeople.co.uk www.spaceandpeople.com 07872 666419 www.spaceandpeople.co.uk 100 West Regent Street GlasgowHouse Delta G2 2QD GREGOR DUNLAY (CFO) 50 West Nile Street Glasgow gregor.dunlay@spaceandpeople.co.uk