Spanish Footwear - Lakeside SC
2 0 2 2 I N T E R I M R E S U LT S
I N V E S T O R P R E S E N T A T I O N
S P A C E A N D P E O P L E
Consolidated net revenue up 119% to £2.4m (H1 2021: £1.1m) as almost all venues were open for business compared with the majority being closed for a large part of H1 2021. However, still below pre-pandemic net revenue of £3.8m in H1 2019
Group gross profit up 91% to £1.5m (H1 2021: profit of £0.8m and H1 2019: profit of £2.3m)
Significant improvement in operating loss of £0.3m (H1 2021: adjusted loss of £1.0m)
Net cash outflow from operating activities of £0.45m (H1 2021: £0.13m) due to reduction in trade creditors
Facility headroom at 30 June 2022 of £1.4m (June 2021: £1.5m) and £1.6m at 23
September 2022 (September 2021: £1.4m)
Net bank debt as at 30 June 2022 of £1.0m (30 June 2021: £1.1m), with bank debt repayments of £0.24m since 30 June 2021
Sonic the Hedgehog - Paddington
FINANCIAL HIGHLIGHTS
S P A C E A N D P E O P L E
Recovery in brand experience and strong recovery in retail markets as pandemic lockdowns ended in quarter one in the UK
New and unique, full-service, kiosk retailing programme "Rock Up and Pop Up" launched in UK shopping centres to encourage and enable new retailers into venues
Launched "Experiential Space" website(www.experientialspace.co.uk), giving
promoters enhanced online access to venue information and chat function to allow comparison of sites on offer and facilitate faster bookings
German business fully operational since April 2022 following the end of Covid-19 restrictions
Caleño - King's Cross
OPERATIONAL HIGHLIGHTS
S P A C E A N D P E O P L E
UK promotional revenue increased 59% to £1.2m (H1 2021: £0.8m) driven by strong kiosk retailing although this was partially countered by the slower recovery in brand experience promotions
UK RMU and MPK revenue up 161% to £0.6m (H1 2021: £0.2m) as RMUs and
MPKs were able to operate for most of the period
German retail up 5x to £0.6m (H1 2021: £0.1m) as trading was possible from
April onwards compared with June onwards during the previous year
Reduction in loss for the period to £(0.3m) compared with adjusted £(1.0m)
loss in H1 2021. This is in line with expectations
Next Lingerie Pop Up - Lakeside SC
DIVISIONAL PERFORMANCE
S P A C E A N D P E O P L E
Predicted continued recovery in Brand Experience market and beginnings of
recovery in local / customer acquisition business
Continued recovery and growth in UK retail business through development
and roll out of Rock Up and Pop Up kiosks
Expansion of German retail business into new venues and territories
Working towards return to profitability without further support and focus on
repayment of bank borrowings
Gillette - Waterloo
OUTLOOK
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Spaceandpeople plc published this content on 27 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2022 16:02:00 UTC.