HALF-YEAR RESULTS

26 WEEKS TO 27 JUNE 2021

22 September 2021

Graham Blackwell

- Chief Executive Officer

Antony Smith

- Chief Financial Officer

DISCLAIMER

The following presentation in relation to Ten Entertainment Group plc and its subsidiaries ("the Group") has been prepared solely for use at this presentation. The presentation is being made only to, and directed only at, persons to whom this presentation may be lawfully communicated ("relevant persons"). Any person who is not a relevant person should not act or rely on the presentation or any of its contents.

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As a result, the Group's actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group's forward looking statements.

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AGENDA

  • Highlights
  • H1 21 Financial Review
  • H1 21 Operational Review
  • Outlook
  • Questions

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AN EXCEPTIONAL REOPENING PERFORMANCE SECURES CASHFLOW TO RESTART THE INVESTMENT PROGRAMME

EXCEPTIONAL

CASH

RETURNING TO

POSITION

LONG-TERM

REOPENING

SECURE AND

GROWTH

PERFORMANCE

IMPROVING

INVESTMENT

  • Record sales since reopening
  • Short-termtailwinds driving exceptional demand
  • Longer-termstructural advantages underpin continued growth
  • Great value entertainment offered at a fair price
  • Digital integration
  • Over £28m of liquidity headroom - more than in March 2020
  • Cash inflow in H1 of £1.7m despite Lockdown
  • Highly cash generative model delivers cash for investment

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  • Strategic investment has recommenced
  • Four refurbishments complete by year end
  • Four new centres to open in 2022
  • Consistent track record of high investment returns

HY21 FINANCIAL SUMMARY

REOPENING LIKE-FOR-LIKE1

Sales growth in the first

22.5% six weeks of opening compared to 2019

Sales growth in the first

35.8% 17 weeks of opening compared to 2019

TOTAL SALES

Down (£11.9m) on HY20

£10.6M (HY20 £22.5m)

EBITDA

Down (£4.2m) on HY20

£0.6M (HY20 £4.8m)

LOSS AFTER TAX

Down (£3.2m) on HY20

(£8.8M) (HY20 (£5.6m))

LIQUIDITY HEADROOM2

£28.1M

£15.7m up on FY20

(FY20 £12.4m)

BANK NET DEBT3

(£10.9M)

(£6.7m) at HY20

(£12.6m) at FY20

  1. Like-for-likesales compares sales while the business is trading from 17 May over an equivalent in 2019 adjusted for new centres.
  2. Liquidity headroom is the remaining headroom available to the Group that can be drawn from existing finance facilities
  3. Statutory net debt inclusive of bank net debt and finance lease debt on an IFRS 16 basis is (£198.0m) (FY20: (£197.8m))

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Ten Entertainment Group plc published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 08:31:05 UTC.