Basic-fit Nv · EURONEXT:BFIT
Basic-fit Nv — Basic-Fit N V Ord — Q2 2022 Earnings Presentation
14 slides from Basic-fit Nv's earnings presentation, Jul 29, 2022
Slide 1: Basic-Fit Q2 2022 results
BASIC-FIT SPEAKERS: RENÉ MOOS, CEO & HANS VAN DER AAR, CFO 29 JULY 2022
Slide 2: Record Membership Growth
RECORD MEMBERSHIP GROWTH Clubs Members Revenue Underlying EBITDA 1,122 €2.92 million €355 million €60 million Up 15% year-on-year Up 45% year-on-year Up €302 million H1 2021: €12.5 million loss year-on-year 2
Slide 3: 1,122 clubs compared to 1,015 at the end of 2021
224 (+8) Netherlands First clubs in Q4 1,122 clubs compared to 1,015 at the end of 2021 (+11%) 213 (+8) Belgium 2022 Germany and 973 in H1 2021 (+15%) 10 (-) Luxembourg Celebrating our 600th club in France in June 608 (+80) France First clubs opened in Barcelona, 4 clubs in Valencia First German clu
Slide 4: On Target to Grow by 1.3 Million in 2022
ON TARGET TO GROW BY 1.3 MILLION IN 2022 MEMBERSHIP GROWTH H1 2022 VS. H1 2019-2021 MEMBERSHIPS 2019 - JUNE 2022 x 1,000 In millions 2.9 700 2.5 300 2.1 -100 1.7 2019 2020 2021 2022 2019 2020 2021 2022 Full focus on recovery of memberships with record 700k growth in H1 2022 Ongoing strong trend in Q
Slide 5: Focus on Increasing Uptake of Premium Memberships
FOCUS ON INCREASING UPTAKE OF PREMIUM MEMBERSHIPS Increase (perceived) value Higher yield due to gap between Comfort and increased Premium uptake Premium membership More flexible and future Third membership to be QR code club entry to proof introduced in H2 2022 become the standard 5
Slide 6: Growth Strategy
GROWTH STRATEGY Growing our network by 200-300 new clubs a year Club network expected to grow to around 1,250 clubs in 2022 and 2,000 in 2025 Most club openings in France and increasing pace of openings in Spain Germany first 5-10 clubs in Q4 2022, and accelerating pace in 2023 Full pipeline of club
Slide 7: Financial
FINANCIAL ER WU S\N] BASIC-FIT
Slide 8: Recovery Gaining Momentum
RECOVERY GAINING MOMENTUM H1 2022 H1 2021 Ch an ge H1 2022 H1 2021 Ke y figure s (in € millions) unaudited unaudited Un de rlyin g n e t re su lt (in € millions) unaudited unaudited To tal re ve n u e 354 .6 53.0 570% Ne t re su lt (28.0) (125.6) Clu b o pe ratin g co sts (14 7.4 ) (52.5) 181% Perso
Slide 9: Mature club average memberships
Mature club average memberships* Strong recovery in all countries 3,300 Average number of members per mature 2,800 club was 3,138 (2021: 2,646) Back to pre-COVID levels by the end of 2,300 2022 Q2 19 Q4 19 Q2 20 Q4 20 Q2 21 Q4 21 Q2 22 * Data are for the 503 clubs that were mature before the start o
Slide 10: Expansion, maintenance and other capex
10 Expansion capex €1.16 million (H1 2021: €1.17 million) spent on average per newly built club. FY 2022 new club average capex below €1.2 million Maintenance capex €30 thousand per club (H1 2021: €14 thousand) FY 2022 and following years €55 thousand per club expected Other capex €4.1 million (H1 2
Slide 11: Available liquidity
Available liquidity 181 million Cash at hand €41 million (FY 2021: €70 million) Undrawn facilities €140 million (FY 2021: €291 million) Net debt* of €690 million (FY 2021: €548 million) *Net debt (excl. lease liabilities): Total of long- and short-term borrowings, less cash and cash equivalents. Of
Slide 12: Acceleration of Club Rollout
12 ACCELERATION OF CLUB ROLLOUT Membership Revenue of Group underlying Increase club roll out growth of €800 - €850 EBITDA of around to reach 1.3 million million €225 million 1,250 clubs
Slide 13: Forward-looking statements
This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of Basic Fit N.V. and its subsidiaries (referred to as 'the company') and certain of the plans and objectives of the company with respect to these items. The word
Slide 14: Thank You
THANK YOU FORBVOUWR LVIPUTSINTIUOWN BASIC-FIT