Viva Leisure Ltd. · ASX:VVA
Viva Leisure — Corporate Update (February 2022)
27 slides from Viva Leisure's corporate update, Feb 25, 2022
Slide 1: Bi-Monthly Market Update November/December 2021
BI-MONTHLY MARKET UPDATE NOVEMBER/DECEMBER 2021 25 FEBRUARY 2022 1 A S X : V VA
Slide 2: Contents
Contents Performance Highlights Revenue Locations Members Segment Updates Greenfield Locations Acquisitions Update Glossary 2
Slide 3: Welcome
Welcome Welcome to the latest bi-monthly market update from Viva Leisure. This regular report to the market and our shareholders is designed to provide further insights into the multiple markets and segments within the fitness industry that Viva Leisure operates. Given to the COVID shutdowns, compar
Slide 4: Consolidated Performance Highlights
Performance Highlights CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary Consolidated (All Segments) MONTHLY RRR DAILY RRR MEMBERS MEMBERS NMM LOCATIONS $8.4m $269,891 297,211 -1,165 325 CONSOLIDATED PCP % 0.1% PCP % -3.1% PCP
Slide 5: Health Clubs & Other Performance Highlights
Performance Highlights CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary MONTHLY RRR DAILY RRR MEMBERS VIVA MEMBERS MEMBERS NMM LOCATIONS HEALTH CLUBS & OTHER 121,576 $7.2m $233,557 127,575 7,070 109 PLUS MEMBERS PCP % 8.9% PC
Slide 6: Hiit Republic Performance Highlights
Performance Highlights CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary MONTHLY RRR DAILY RRR TOTAL MEMBERS DIRECT MEMBERS MEMBERS NMM LOCATIONS 4,615 $0.5m $17,718 6,954 1,453 23 INDIRECT MEMBERS# HIIT REPUBLIC PCP % -17.7%
Slide 7: Plus Fitness Performance Highlights
Performance Highlights CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary PLUS FITNESS MONTHLY RRR DAILY RRR MEMBERS MEMBERS NMM LOCATIONS $0.6m $18,616 165,021 -7,349 201 PCP % -44.7% PCP % -46.5% PCP % -4.3% PCP 3,846 PCP 198
Slide 8: Consolidated Revenue
Revenue ($m) CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update 10 Members Glossary 9 +15% ➢ December 2021: 8 ➢ Revenues were the second 7 highest ever recorded for Viva Leisure CONSOLIDATED 6 ➢ seasonally a month of high suspensions as members
Slide 9: Revenue
Revenue ($m) CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary 8 0.8 7 0.7 6 0.6 5 0.5 4 0.4 3 0.3 2 0.2 1 0.1 0 0.0 Feb-21 Mar-21 Feb-21 Mar-21 Aug-21 Dec-21 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Aug-21 Sep-21 Nov-21 Dec-21 Aug-
Slide 10: Revenue by Geographic Region
Revenue by Geographic Region ($m) CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary 10 ➢ December 2021 revenue per segment has returned to 9 May/June 2021 (pre Omicron COVID lockdowns) 8 ➢ QLD was the only State to trade regul
Slide 11: Revenue Movement
Revenue Movement ($’000) CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary 8,873 39 ➢ Revenue movement from June 2021 split by the Financial Year in which clubs opened or 457 467 were acquired ➢ FY2019 refers to clubs opened o
Slide 12: Locations
Locations CONTENTS ➢ Health Clubs & Other & Hiit Republic Performance Highlights Segment Updates are all Corporate owned locations Revenue Greenfield Locations (referenced as “Viva” in the map) ➢ Plus Fitness includes both Corporate Locations Acquisitions Update and Franchised locations. Refer Plus
Slide 13: Health Clubs & Other Locations
Locations CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary HEALTH CLUBS & OTHER 3 19 ➢ Health Clubs & Other includes the following brands: ➢ Club Lime ➢ FitnFast ➢ Pinnacle ➢ Psycle Life ➢ Studio by Club Lime ➢ GroundUp 4 29
Slide 14: Hiit Republic Locations
Locations CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary 2 HIIT REPUBLIC ➢ Greenfields rollouts continue to open as the brand expands interstate, however rollout put on hold during most recent COVID lockdowns (July to Novem
Slide 15: Member Snapshot
Member Snapshot CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members by State Members Glossary Viva owned locations only 330,000 +8% 12% 13% 300,000 270,000 12% 12% 38% 42% June December 240,000 2021 2021 CONSOLIDATED 210,000 180,000 34%
Slide 16: Member Growth by Segment
Member Growth by Segment CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary 150,000 7,000 180,000 6,500 175,000 6,000 170,000 120,000 165,000 5,500 160,000 5,000 155,000 4,500 150,000 90,000 4,000 145,000 3,500 140,000 3,000 13
Slide 17: Average Revenue Per Member
Average Revenue Per Member (per week) CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update 30 29.58 Members Glossary 28.68 28.89 28.64 28.60 27.95 28.13 28.21 27.72 27.74 26.73 26.67 26.05 25.22 ➢ COVID-19 lockdowns in most States and 25 24.47 Te
Slide 18: Membership Growth
Membership Growth CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary +5% +136% 297,211 5,999 1,350 ➢ “FY19/FY20/FY21 Clubs” represent membership movement for locations opened in that year CONSOLIDATED 172,370 ➢ “FY19 Acq/FY20 A
Slide 19: Member Monthly Visits
Member Monthly Visits (‘000s) CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update 1,800 Members Glossary 1,600 ➢ Over 1.8 million visits to facilities in November 2021, the highest ever recorded 1,400 ➢ December 2021 visitations lower due to sea
Slide 20: Health Clubs & Other Update
CONTENTS Health Clubs Update Performance Highlights Revenue Locations Segment Updates Greenfield Locations Acquisitions Update Members Glossary HEALTH CLUBS & OTHER ➢ The Club Lime portfolio continues to expand ➢ The FitnFast portfolio originally comprised ➢ The Pinnacle portfolio of six locations w
Slide 21: Hiit Republic Update
CONTENTS Hiit Republic Update Performance Highlights Revenue Locations Segment Updates Greenfield Locations Acquisitions Update Members Glossary ➢ The Hiit Republic portfolio comprised 23 locations as at 31 December 2021 ➢ The first location was opened in March 2019 ➢ All mature (open greater than 1
Slide 22: Plus Fitness Update
CONTENTS Plus Fitness Update 225 Performance Highlights Revenue Locations Segment Updates Greenfield Locations Acquisitions Update Members Glossary Australia 26 ➢ Australia growth of new locations slowed due to 199 COVID-19, however the pipeline of new locations 5 secured remains strong 190 4 0 ➢ Ne
Slide 23: Plus Fitness Corporate Owned Locations
CONTENTS Plus Fitness Corporate Owned Locations Performance Highlights Revenue Locations Segment Updates Greenfield Locations Acquisitions Update Members Glossary 1 1 ACT NSW 4 Greenfield Locations 3 2 ➢ Viva is still considering WA opportunities PLUS FITNESS (10%) 1 however the WA border closures a
Slide 24: Greenfield Locations
Greenfield Locations CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary ➢ Greenfield locations refers to locations secured with a Heads of Agreement or Lease, and in different stages of pre-opening ➢ Viva’s growth focus continu
Slide 25: Acquisitions
70 32 CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary Locations Acquisitions Clubs Acquired by Segment Acquisitions made CONSOLIDATED 14 13 9 8 8 7 5 5 5 4 4 3 3 2 2 2 2 1 1 1 1 1 1 2010 2012 2018 2019 2020 2021 2022 Terms 2
Slide 26: Glossary
Glossary CONTENTS Performance Highlights Segment Updates Revenue Greenfield Locations Locations Acquisitions Update Members Glossary Abbreviation Explanation AFM Australian Fitness Management Pty Ltd (Master Franchisor for Plus Fitness) – entity renamed to Plus Fitness Pty Ltd ARPM Average Revenue P
Slide 27: Important Notice and Disclaimer
Important Notice and Disclaimer Important information Future performance The information in this presentation is general in nature and does not purport to be complete. It has been prepared by This presentation may contain certain ‘forward-looking statements’. Forward-looking statements include those