Leejam Sports Co. · TADAWUL:1830
Leejam Sports — Q3 2022 Earnings Presentation
23 slides from Leejam Sports's earnings presentation, 2022
Slide 1: Earnings Presentation Q3 2022
—_—— —/ Lee EARNINGS PRESENTATION 03 2022
Slide 2: Table of Contents
TABLE OF CONTENTS |. DISCLAIMER 3 Il. COMPANY'S PROFILE & OVERVIEW 4 Ill FINANCIAL PERFORMANCE 10 IW. OUTLOOK 2022 21 LeeuAM
Slide 3: Disclaimer
Leejam Sports Company makes no representation or warranty of any kind, express, implied or statutory regarding this document or the materials and information contained or referred to on each page associated with this document. The material and information contained on this document is provided for g
Slide 4: Company's Profile & Overview
Slide 5: Vision, mission and values
To be the people’s favourite and most accessible wellness club. To steer society towards a healthy lifestyle and encourage people to exercise daily. • Customer service excellence • Integrity • Responsibility • Collaboration • Innovation
Slide 6: Leejam fitness brands
currently operates the following fitness brands: Company Profile & Overview Leejam currently operates the following fitness brands: Leejam prides itself on its international and professional Fitness Team, designed to make Leejam prides itself on its international and professional Fitness Team, desig
Slide 7: Investment case
Company Profile & Overview Investment case Cash Generation Strong cash generation to ensure expansion funding over the longer term amid Increasing cost of funding. Leejam aims to offer a winning solution to the masses; an easily affordable and accessible fitness centre that allows users to access ma
Slide 8: Company Profile & Overview Q3 2022
Company Profile & Overview Q3 2022 Item (SAR M) Q3 2022 9M 2022 Female Segment Male Segment Revenue 264.5 729.1 Gross profit 107.2 270.9 74K 43 225K 110 Operating Profit 82.3 191.1 EBITDA 140.3 362.3 Net Profit 68.1 150.1 Cash and cash equivalents 233.0 Members Centers Members Centers Item Q3 2022 9
Slide 9: Members by segment and total members count
Financial Performance Male Female 225 K 74 K 176 K 59 K Male Members increased by 28% Q3 2021 Q3 2022 Q3 2021 Q3 2022 Female Members increased by 26% Corporate Total Members Corporate 69 K 289 K 367 K 55 K Members increased by 26% Total Members Q3 2021 Q3 2022 Q3 2021 Q3 2022 Total Members count inc
Slide 10: Financial Performance
Slide 11: Q3 revenue, gross profit, EBITDA and net profit
Financial Performance Revenue Gross Profit 140.0 80% 128.5 120.0 70% 253.8 264.5 107.2 100.0 Revenue 60% 80.0 51% • Increased by 4% driven by increase in corporate 60.0 41% 50% and retail. 40.0 40% 30% Gross Profit 20.0 0.0 20% • Decrease in GPM mainly due to the accounting of Q3 2021 Q3 2022 a one-
Slide 12: 9M revenue, gross profit, EBITDA and net profit
Financial Performance Revenue Gross Profit 300.0 60% 55% 729.1 250.0 270.9 247.7 50% 624.3 Revenue 200.0 40% 45% 37% • Increased due to more operating days in 2022 150.0 40% plus the addition of 15 new centers. Out of the 100.0 35% SR105 million revenue increase, SR40m came 30% from Personal Trainin
Slide 13: Current assets, cash, liabilities and loans
Financial Performance Current Assets Cash 358.2 269.6 Current Assets 326.9 233.0 Decreased by 9% mainly due to the decrease in Cash. Cash Decreased by 14% mainly due to dividends payment during the period 9M 2021 9M 2022 9M 2021 9M 2022 Current Liabilities Increased by 3% mainly due to the increase
Slide 14: Cash flow from operations, capex, financing, free cash flow
Financial Performance Cash Flow from Operation CAPEX 464.4 153.8 155.9 Cash Flow from Operation Increased by 33% mainly due to increase in profit and 349.7 higher deferred revenue Capex Spend in line with LY 9M 2021 9M 2022 9M 2021 9M 2022 Cash Flow from Financing Increased by 39% mainly due to the
Slide 15: Revenue per center and net income per center
Financial Performance 300.0 2.5 2.0 1.8 1.5 1.7 1.9 1.7 1.8 1.7 1.6 1.6 1.6 1.7 250.0 1.8 1.6 2.0 1.6 1.5 200.0 1.5 1.1 Revenue per center 1.5 150.0 Higher than the last quarter by 11% and increased by 1.0 14% compared to Q3 2021, mainly due to the 100.0 0.2 increase in revenue 50.0 0.5 177.0 187.0
Slide 16: Segment and source analysis
Financial Performance Segment Analysis • Male revenue increased by 6% comparing with 5, 2% 3, 1% Q3 2021. • Female with 24% of revenue comparing with 25% 25, 10% in Q3 2021. 64, 24% Source Analysis 32, 12% • Individual Membership with 75% of revenue comparing with 78% in Q3 2021. • Corporate with 12
Slide 17: Statement of Profit & Loss Q3
Financial Performance Statement of Profit & Loss SR M Q3 2022 Q3 2021 ∆ ∆% Revenue 264.5 253.8 10.6 4.18% Key Messages: Cost of revenue (157.3) (125.4) (31.9) 25.43% Gross profit 107.2 128.5 (21.3) (16.56% ) The decrease in net profit for the third quarter 2022 compared to Gross profit Margin 40.53%
Slide 18: Statement of Profit & Loss 9M
Financial Performance Statement of Profit & Loss SR M 9M 2022 9M 2021 ∆ ∆% Revenue 729.1 624.3 104.8 16.79% Key Messages: Cost of revenue (458.1) (376.6) (81.5) 21.65% Gross profit 270.9 247.7 23.3 9.40% The increase in net profit by 25% due to: Gross profit Margin 37.16% 39.67% (2.51% ) (6.33% ) •
Slide 19: COR, G&A and S&M
Financial Performance 180 1.0 1.1 1.0 160 140 157 1.0 1.0 120 125 Key Messages: 1.0 100 0.9 1.0 80 0.9 COR & COR/Center 60 0.9 COR per center increased by 13% (normalized 4%) and the overall 40 0.9 cost of revenue increased by 25% (normalized 15%) which was 20 0.9 due to additional 15 new operationa
Slide 20: Cash flow from operations and deferred revenue
Financial Performance 3.3 x 500 3.5 x 450 3.0 x Key Messages: 400 2.5 x Cash Flow from Operations: 2.5 x 350 Increased mainly due to higher subscription sales in Q3 2022. 300 2.0 x Deferred Revenue: 250 Increased by 12% as result of the increase in number of 464 operational centers & the Saudi Natio
Slide 21: Outlook 2022
Slide 22: Outlook
Outlook Expected Current (Centers) Category (Centers Range) 2022 growth will be driven by: 30-Sep-22 31-Dec-22 • Further openings of Xpress Clubs Female - Xpress 4 5 to 6 • Further openings of Big Box centers Female - Big Box 38 42 to 44 • Expanding corporate & PT business Male - Big Box 92 93 to 95
Slide 23: Investor Relations contact
For enquires, please contact the Investor Relations Department at: investor.relations@leejam.com.sa
Leejam Sports Company — Q3 2022 Earnings Presentation on 6ix