(TOTAL MARKET OCCUPANCY)

(TOTAL MARKET OCCUPANCY)

Source: Benchmarking Alliance

(Y-O-Y CHANGE IN MARKET REVPAR)

(Y-O-Y CHANGE IN MARKET REVPAR)

(Y-O-Y CHANGE IN MARKET REVPAR)

(Y-O-Y CHANGE IN MARKET REVPAR)

Source: Benchmarking Alliance

Source: Benchmarking Alliance

Postponed rent payments

Cancelled dividend

Rescheduled capex

Project freeze

Non-rent cost base reduced by ~60% as of Q2

Temporary closed >50% of the hotels during the springStaff reduction of >80% including furloughNew credit facility of 1,150 MSEK and bridge financing of 250 MSEKTotal credit facility increased to 6,650 MSEK

Rights issue of ~1,765 MSEK

Negotiations with landlords have resulted in rent reductions of up to 900 MSEK

Agreed or offered rent rebates per year

MSEK 600

2020

2021

2022

2023-26

1. 196 MSEK recorded in 2020 of which 180 MSEK in Q4

Q1 2021

Scandic Arlandastad

Q1 2021

Q1 2021

Scandic by Copenhagen Airport Scandic Sortland

Q2 2021

Q2 2021

Q3 2021

Q4 2021

Q4 2021

Q1 2022

Scandic Grand Central Helsinki Scandic Landvetter Airport Scandic Nørreport Scandic Spectrum Scandic Hamburger Börs Scandic Macherei

Stockholm, Sweden Copenhagen, Denmark Sortland, Norway Helsinki, FinlandTake-over 150

New 357

Franchise 130

New 491

Gothenburg, Sweden New 223

Copenhagen, Denmark

New 100

Copenhagen, Denmark New 632

Turku, Finland

Take-over 272

Munich, Germany New 234

Q1 2022

Q1 2022

Q2 2022

Q2 2022

Q3 2022

Q1 2023

Q3 2024

Scandic Helsingborg Harbour Scandic Örebro Central Scandic Platinan Scandic Ferrum Scandic Avenue Scandic Hafenpark Scandic Aarhus Harbour

Helsingborg, Sweden New 184

Örebro, Sweden New 160

Gothenburg, Sweden New 451

Kiruna, Sweden Helsinki, Finland Frankfurt, Germany Aarhus, DenmarkNew 230

New New

350 505

New 485

Ongoing extensions 221

Exits -353

Q4

YTD

Adjusted EBITDA

-282

-1,503

Change in working capital

-843

-221

Paid tax, interest, pre-opening and other items

-61

-464

Cash flow from operations

-1 186

-2 188

Investments in existing operations

-15

-449

Free cash flow before expansion capex

-1,201

-2,637

Expansion capex

-133

-302

Free cash flow

-1,334

-2,939

Net debt

4,713

Available liquidity at year-end

1,900

Available liquidity at present

1,400

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Disclaimer

Scandic Hotels Group AB published this content on 17 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2021 09:00:02 UTC.