Hollywood Bowl Group Plc · LSE:BOWL
Hollywood Bowl — H1 FY26 Earnings Presentation
24 slides from Hollywood Bowl's earnings presentation, May 27, 2026
Slide 1: H1 FY26 Results Presentation
H1 FY26 Results Presentation Hollywood Bowl Group 27 May 2026
Slide 2: Agenda
Hollywood Bowl Group H1 FY26 Results Agenda Stephen Burns Chief Executive Officer • Financial highlights • Strategic and operational review Antony Smith Chief Financial Officer • Group financial performance • FY26 outlook 2
Slide 3: Group financial highlights (Adjusted measures)
Hollywood Bowl Group H1 FY26 Results Group financial highlights (Adjusted measures) Total revenue LFL revenue growth1 Group EBITDA after rent2 Net cash £141.5m +2.3% £42.2m £26.0m H1 FY25 £129.2m H1 FY25 £38.8m H1 FY25 £22.7m +9.5% +0.7%pt +8.9% +14.3% Group PBT3 Profit after tax3 EPS3 Interim ordin
Slide 4: H1 results support full year confidence
H1 results support full year confidence Strong trading • Demand for affordable, family leisure activities robust in both territories • Technology-led operational levers supporting yield and revenue performance Costs well controlled • Continued track record of disciplined cost management • High Gross
Slide 5: Group financial performance
Group financial performance
Slide 6: Strong revenues driven by underlying growth and investment in expansion
Strong revenues driven by underlying Group growth and investment in expansion Total revenue growth +9.5% H1 Revenue bridge £m • LFL +2.3% on constant currency basis • New centres contributing +£10.7m • Small offset of (£1.2m) from forex and 144.0 repositioning of Striker 3.2 142.0 (0.6) (0.6) 141.5
Slide 7: New centres and underlying UK performance driving profit growth
New centres and underlying UK Group Adjusted PBT of £32.1m up 8.1% performance driving profit growth £4.9m of UK EBITDA growth H1 PBT bridge (£m) • £1.5m continued underlying growth 38.0 • £3.4m from new centres +8.1% growth in Adjusted PBT 36.0 1.3 £0.7m of Canada EBITDA growth 3.4 • Snow impact in
Slide 8: Strong revenue growth conversion to PBT
Strong revenue growth conversion to PBT £m H1 FY26 H1 FY25 Movement • Total revenue growth +9.5% Revenue 141.5 129.2 +9.5% • Strong conversion to Adjusted PBT Cost of goods sold (23.2) (21.9) +5.9% growth of +8.1% Centre labour (29.5) (24.9) +18.5% • Labour increases from NLW and NI Gross Profit 88.
Slide 9: Strong track record of returns from UK openings
Strong track record of returns from UK openings New centre openings delivering strong returns Performance of last 12 new centre openings • Average centre - £3.6m capital & £2.2m lease • Return on capital consistently delivering at an average 26% on pre-lease cash investment • Proven track record of
Slide 10: Cashflow generation enables strategic investment and shareholder returns
Cashflow generation enables strategic investment and shareholder returns £30.0m of free cash flow generated before strategic investment and shareholder distributions H1 cash movements (£m) Free cash flow before investment £30.0m • Free cashflow conversion as % of Adjusted EBITDA of 71% • As planned
Slide 11: Financial outlook
Financial outlook FY26 Mid-term • +2 new UK centres - but late in year • UK market – single digit LFL 2nd new Canada centre at end of year • LFL volume opportunity in CA Sales Sales growth • growth • • SPG growth ahead of games Low single digit LFL overall • • UK centres +4 more over 18 months Canad
Slide 12: UK
UK
Slide 13: UK highlights
UK highlights Revenue growth Demand drivers Disciplined cost management • Total revenue £118.4m • Excellent value for money offer • Revenue growth converting to • +9.4% growth • Prime locations and well increased profit • +2.6% LFL invested centres • High gross margins • Digital levers supporting •
Slide 14: Multiple levers driving performance
Multiple levers driving performance Revenue optimisation • Sophisticated centre level activity across the estate o Demand creation through digital marketing o Shoulder volume increasing through dynamic pricing o Yield protection in peak periods o Use of AI to optimise the customer journey • Ongoing
Slide 15: Differentiation positions us well in evolving market
Differentiation positions us well in evolving market Competitive landscape • Experiential leisure continues to attract competitors • Year 1 revenue impact • HB trade normalises in Year 2 and beyond • Strongest brand in sector • Price accessibility and innovation • Best locations in shared catchments
Slide 16: Canada
Canada
Slide 17: Accelerating pipeline is enhancing estate quality
Accelerating pipeline is enhancing estate quality Legacy platform for growth Greenfield rollout Pipeline accelerating • 5 centre platform asset with • Prime location focus backed by • High quality pipeline freehold value acquired in FY22 proprietary location modelling • Brand traction with landlords
Slide 18: Significant scale growth opportunity
Significant scale growth opportunity Exciting market opportunity EBITDA enhancing growth phase • Consumer habits aligned with UK • Future expansion focused on greenfield opportunities • Population is 60% of UK size • First 4 centres opened • Bowling sector is fragmented with low investment • Average
Slide 19: Canada highlights
Canada highlights Revenue growth • CA$42.9m • +12.8% growth • +0.5% total LFL • Unseasonal snow impact led to closures • 3.2X estate growth since FY22 New centres • FY2026 new centres performing in line with expectations • Edmonton centre opened in H1 – trading well Operational performance • Record
Slide 20: Summary
Summary
Slide 21: Investment thesis remains compelling
Investment thesis remains compelling Market leader with Best in class Protected against differentiated and experiences with cost inflation resilient business robust demand for headwinds model our value offer Multiple internal Accelerating Strong cash enablers for estate expansion generation and prof
Slide 22: Appendix
Appendix
Slide 23: Reconciliation of Alternative Performance Measures (APMs)
Reconciliation of Alternative Performance Measures (APMs) Adjusting items Group Adjusted EBITDA after rent These are items to be excluded from the reported results to give This has previously been called EBITDA pre-IFRS16 a clearer view of the underlying performance in the period H1 FY26 H1 FY25 H1
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