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Preliminary Results 2021
Agenda
Group highlights: Strong H2 Performance
Financial review
Group financial overview
Underlying Operating Loss of £209m (pre IFRS 16 basis)
Underlying Net Loss of £222m (pre IFRS 16 basis)
Non-Underlying items (IFRS 16)
H2 revenue 38% of 2019 levels
Revenue progression by region
Impact of Covid-19 on 2021 sales and profit
Underlying operating loss of £209m (pre IFRS 16 basis)
Unit openings closely aligned to passenger recovery
Slightly above break-even EBITDA in H2 (pre IFRS 16 basis)
Net Free Cash inflow £83m in H2
Net Debt £308m (pre IFRS 16 basis)
£935m Available Liquidity at September 2021
Summary and Outlook
Business Review
A phased response to COVID – in Recovery & Rebuild phase
Regional review: UK & Ireland and Continental Europe
Regional review: North America and Rest of the World
SSP’s Strategy for Sustainable Growth
Embedding sustainability in our business
Sustainability strategy: Key targets
Sustainability: supporting healthier lifestyle choices
LFL sales growth: SSP well placed to benefit from rapid rebound of domestic leisure travel
Business Development: Pipeline strengthened with significant further opportunities
Business development: Contract Renewals and Extensions
Secured new business pipeline of c. £275m
Business development: Mobilising existing pipeline
Business development: Competitor withdrawals
Efficient Conversion: Margin recovery underpinned by operational efficiency… building on Covid learnings
Summary
Q&A
Q&A
Q&A
Q&A
Q&A
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