XP Factory : 2021 Results Presentation

The information contained in this document ("Presentation") has been prepared by XP Factory plc (the "Company"). This Present ation has not been approved by an authorised person in accordance with Section 21 of the Financial Services and Markets Act 2000 and therefore it is being delivered for i nformation purposes only to a very limited number of persons and companies who are persons who have professional experience in matters relating to investments and who f all within the category of person set out in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or are high net wort h companies within the meaning set out in Article 49 of the Order or are otherwise permitted to receive it. Any other person who receives this Presentation should not rely or act upon it. By accepting this Presentation and not immediately returning it, the recipient represents and warrants that they are a person who falls within the above descrip tion of persons entitled to receive the Presentation. This Presentation is not to be disclosed to any other person or used for any other purpose.

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Note: The financial information contained in this document, including the financial information presented in a number of tabl es in this document, has been rounded to the nearest whole number or the nearest decimal place. Therefore, the actual arithmetic total of the numbers in a column or row i n a certain table may not conform exactly to the total figure given for that column or row. In addition, certain percentages presented in the tables in this document refl ect calculations based upon the underlying information prior to rounding, and accordingly, may not conform exactly to the percentages that would be derived if the relev ant calculations were based upon the rounded numbers.

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"We closed the year better positioned than ever before to capitalise on the fast-growing experiential leisure market"

Financial performance exceeded expectations across all key metrics

• Full year revenue of £7.0m, 163% increase vs £2.7m in 2020 despite being closed for most of H1
• H2 revenue of £5.8m was 115% up on H2 2019 (375% up on H2 2020) and 18% ahead of full year revenue in 2019 (£4.6m), highlighting the significant growth in site footprint
• H2 Group Adjusted EBITDA of £0.8m (excl. R&D tax credits) demonstrated that critical mass has been achieved
• Full year Group Adjusted EBITDA of £0.1m (excl. R&D tax credits) was £1.5m ahead of 2020 (-£1.4m)
• Including R&D tax credits (£2.6m), Group Adjusted EBITDA for the full year was £2.7m (2020:-£1.4m)

Further expanded the Escape Hunt footprint

• Opened new Escape Hunt sites in Watford, Kingston, Milton Keynes and Lakeside
• Purchased the Escape Hunt Master Franchise in France and Belgium

Acquired Boom Battle Bar in November 2021

• Raised £16.1m (net) to purchase Boom Battle Bar, a young and exciting competitive socialising business
• Opened 2 sites in December 2021, taking the total at year end to 2 O+O and 7 franchised units
• Changed the Company name to XP Factory PLC, under which the trading brands remain the same

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"XP Factory is establishing itself as one of the fastest growing, pre-eminent leisure businesses in the UK"

Site openings continuing at pace

• New Boom sites opened to date in 2022 in Watford, Aldgate East, Glasgow, Bath, Ipswich and Exeter
• At 31 May 2022, 15 Boom units trading - 3 O+O and 12 franchise
• A further Escape Hunt unit opened in Exeter, bringing O+O total to 19
• 6 Boom units (3 O+O and 3 franchise) currently in build, alongside 2 O+O Escape Hunts

Performance

• Q1 performance for Escape Hunt was ahead of management's expectations, bolstered by a particularly strong February half term and good conversion to EBITDA
• Like-for-likeEscape Hunt units traded 39% ahead of 2019 in Q1
• Boom model is being proven, with unit performance in line with management's expectations
• Boom property pipeline strongly supports the overall target of 27 sites by year end, although exact opening dates are hard to specify given landlord requirements

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