Revolution Bars : Annual results presentation FY22

©Revolution Bars Group | Strictly Private & Confidential

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©Revolution Bars Group | Strictly Private & Confidential

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Results in line with upgraded expectations

• LFL revenues of +1.3% in our 56 English bars after restrictions fully lifted in England on 19 July 2021
• LFL sales for full group after 19 July were +0.3%, including home nations where restrictions slower to lift
• Strong result given disruption caused by the Omicron variant and subsequent Plan B restrictions over the winter
• Investment and expansion in estate progressed with first two new openings since 2018, accelerated refurbishment programme delivering 23 refurbishments to date and two new brands launched
• Industry leading sustainability agenda and Group became an above minimum wage paying employer
• Completed the acquisition of Peach, adding an exciting new brand of 21 award-winning,premium food-ledgastropubs creating a more balanced and diversified business
• Following the acquisition, the Group will target a net bank debt figure of one times Adjusted EBITDA (APM*)

Delivering on strategy

* APM refers to Alternative Performance Measure being measures reported on an IAS 17 basis

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©Revolution Bars Group | Strictly Private & Confidential

Challenging summer with rail strikes, heatwaves, resurgence of festivals and holidays abroad

Results - 52 weeks ended 2 July 2022

FY22

FY23 Q1

Restrictions Lifted

Omicron

"Plan B" Restrictions Lifted

Current Trading

From 19 July 2022

Mid November 2021 - end

February 2022 - May 2022

June 2022 - September 2022

▪ Restrictions lifted in England with devolved nations

of January 2022

▪ Similar to summer 2021, pent-up demand returned

▪ Challenging start impacting customer footfall

gradually returning to normal trade through late

▪ Consumer caution with

in spring 2022 following "Plan B" restrictions lifting

although summer months typically quietest

summer and into the autumn allowing the return of

mixed media and

▪ Many of the postponed Christmas parties enjoyed a

▪ Combination of rail and tube strikes, heatwaves,

late-nights, vertical drinking, live music, dancing

government messaging

belated celebration, and Corporate guests returned

festivals and events, and holidays abroad for first

▪ From 19 July to 13 November, strong demand aided

▪ "Plan B" on 8 Dec had

▪ Positive trading conditions continued, with our

time in three years

by pent up demand and staycations delivered same

immediate impact with

young guest base ready to party, and a good run of

▪ Negative narrative on the cost-of-living hits

sites sales growth of +14% when compared to 2019

cancellations &

bank holidays

consumer confidence

postponements

4.5

£m

4.0

3.5

SALES

3.0

2.5

2.0

1.5

1.0

Jul-21

Aug-21

Sep-21

Oct-21

Nov-21

Dec-21

Jan-22

Feb-22

Mar-22

Apr-22

May-22

Jun-22

Jul-22

Aug-22

Sep-22

LTMv

40%

20%

%

-

LFL*

(20%)

(40%)

8 Dec

"Plan B"

-

+

Total Sales £m

Comparable venue sales %

announced

(60%)

*LFL - Like-for-like (LFL) sales are same site sales defined as sales at only those venues that traded in the same week in both the current year and comparative reporting periods

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