Revolution Bars : Annual results presentation FY21

Highly cash generative business when able to trade without

imposed restrictions

Prior to COVID-19 both brands were in LFL growth proving ongoing relevance of our offering and net bank debt had reduced

Effective response to lockdown maximising all available support from government, suppliers, landlords, lenders and shareholders with two equity fundraisings securing liquidity position

Taken advantage of lockdown periods to both enhance and drive the offering of our two core brands and develop two new brands

Doing the right thing for all stakeholders - sustainability, wellbeing and diversity & inclusion

Strong trading performance post 19 July to 13 November with same site sales growth of +14% when compared to the same period 2 years ago

Strong balance sheet with £4.6m net cash as at 15 November 2021 & well positioned to capitalise on a transformed marketplace

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Capitalised on predicted pent up demand as restrictions have been lifted

Results - 53 weeks ended 3 July 2021

FY21		FY22

	Indoors & Outdoors -		Indoors & Outdoors - Curfews & Tiers		Lock-
	Phased Reopen			down 3
	4 July		22 September - 31 December

• RBG safely reopened bars on a ▪ 10pm curfew introduced followed by closures in

phased programme from 6 July

Scotland, Wales & Northern Ireland

• EOTHO in August aided recovery ▪ Introduction of tier restriction systems
• Local lockdowns applied (e.g. ▪ 4 week lockdown in England from 5 November

Leicester/Manchester)

▪ New tier system in December (substantial meal)

• No New Year's Eve

	4.0
	SALES £m
	3.5
	3.0
	2.5
£m	2.0
	1.5
	1.0
	0.5

Outdoor

Only

• 12 April

• 20-25bars trading at 48% vs 2019 pre COVID
• 15% capacity

Indoors & Outdoors

• 17 May

• Trading improved to 86% vs 2019 pre COVID
• Seated capacity of 28%

W53 YTD

£39.4m sales

Restrictions Lifted

• 19 July

• Restrictions lifted in England with Wales & Scotland following 3 weeks later & Northern Ireland end of October
• Late-nighttrading, vertical drinking, live music, dancing
• From 19 July to 13 November, strong demand delivered same sites sales growth of +14% when compared to 2019 pre COVID

W14 YTD		W19 YTD
£40.5m sales		£54.0m sales

-	Jul-20	Aug-20	Sep-20	Oct-20	Nov-20	Dec-20
40%
20%	LFL % v LTM
-
(20%)
(40%)
(60%)
(80%)
(100%)

Apr-21

May-21

Jun-21

Jul-21

Aug-21

Sep-21

Oct-21

Nov-21

		Total Sales £m			Comparable venue sales %

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

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