Underlying Operating Loss of £212m (IAS 17 basis)
Underlying Net Loss of £224m (IAS 17 basis)
Non-Underlying items (IFRS 16)
LFL Sales down -86% in H2 2020
H2 year on year revenue progression by region
Impact of Covid-19 on sales and profit
Underlying operating loss of £213m in H2 (IAS 17 basis)
Underlying FreeCash outflow £195m in H2
Net Debt £692m (IAS 17 basis)
£520m Liquidity at September 2020
Update: Four phases to our response to COVID-19
Decisive action to create and protect liquidity
Unit openings driven by summer leisure demand
Domestic travel is leading the recovery
Unit profitability at lower levels of sales
Streamlined menus to simplify operation and improve profitability
Acceleration of customer service digital technology
Continued contract extensions, wins and openings, despite Covid-19
Sustainable growth; delivering for all stakeholders
We have many structural advantages in our sector
A clear strategy to deliver long term sustainable growth
We have also developed our Corporate Responsibility and People strategies