In great shape

  • LFL revenues were +14% from 19 July to 13 November 2021
  • H1 ended at +1.4% after restrictions imposed in December 2021
  • After the lifting of "Plan B" trading restrictions, we are pleased to have seen a return to strong LFL sales growth in February 2022
  • Refurbishment programme accelerating with nine sites completed
  • Two new brands launched with encouraging early performance
  • First new bar lease signed since 2018 with two openings targeted this year and six next year
  • Industry leading sustainability agenda
  • Group became an above minimum wage paying employer
  • Strong balance sheet and confident in delivering towards the top end of full year expectations

Well positioned for growth

3

SALES £m

LFL % v LTM

Very strong performance when allowed to trade without restrictions

Interim Results - 26 weeks ended 1 January 2022

FY21

FY22 YTD

Lock-down 3

Outdoor Only

Indoors & Outdoors

Restrictions Lifted

Omicron

Restrictions

Lifted

6 January

12 April

17 May

19 July

Mid November - end of January

February

▪ Hospitality

▪ 20-25 bars

▪ Trading improved to 86%

▪ Restrictions lifted in England with Wales & Scotland following 3

▪ Consumer caution seen as result of

▪ Return to

effectively closed

trading at 48%

vs 2019 pre COVID

weeks later & Northern Ireland end of October

Omicron variant in media and

growth

on 31 December

vs 2019 pre

▪ Seated capacity of 28%

▪ Late-night trading, vertical drinking, live music, dancing

mixed government messaging

following

▪ Official lockdown

COVID

▪ From 19 July to 13 November, strong demand delivered same sites

▪ "Plan B" announcement on 8 Dec

lifting of

on 6 Jan

▪ 15% capacity

sales growth of +14% when compared to 2019 pre COVID

had immediate impact with

restrictions in

cancellations & postponements

England

W53 YTD

W14 YTD

H1 YTD

4.5

£39.4m sales

£40.5m sales

£74.1m sales

4.0

3.5

3.0

2.5

2.0

1.5

1.0

0.5

-

Jan-Mar 21

Apr-21

May-21

Jun-21

Jul-21

Aug-21

Sep-21

Oct-21

Nov-21

Dec-21

Jan-22

Feb-22

40%

20%

-

(20%)

(40%)

(60%)

8 Dec

"Plan B"

Total Sales £m

Comparable venue sales %

announced

(80%)

Note: LFL comparable venue sales are same site sales at only those venues that traded in the same weekin both the current year and last year reporting periods. LTM = Last Twelve Months prior to COVID-19 enforced closures

5

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Revolution Bars Group plc published this content on 01 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2022 09:07:07 UTC.