Driving our growth strategy
Hollywood Bowl Group plc
Annual report and accounts 2022
Driving our growth strategy
Our unique purpose-led culture and proven investment-led strategy are enabling us to capitalise on the significant growth opportunities in the markets we operate in.
Strategic report | Corporate report | ||
2 | Highlights | 76 | Chairman's introduction to governance |
3 | Investment case | 78 | Board of Directors |
4 | At a glance | 80 | Corporate governance report |
6 | Chairman's statement | 86 | Report of the Nomination Committee |
10 | Our brands | 91 | Report of the Audit Committee |
16 | Canadian acquisition | 96 | Report of the Remuneration Committee |
18 | Chief Executive Officer's review | 101 | Annual report on remuneration |
24 | Business model | 114 | Directors' report |
26 | Section 172 | 117 | Statement of Directors' responsibilities |
- Stakeholder engagement
- Our market environment
- Strategy
- Key performance indicators
- Chief Financial Officer's review
- Sustainability overview
- TCFD
- Risk management
- Principal risks
- Going concern and viability statement
Financial statements
119 Independent auditor's report
- Consolidated income statement and statement of comprehensive income
- Consolidated statement of financial position
- Consolidated statement of changes in equity
- Consolidated statement of cash flows
- Notes to the financial statements
- Company statement of financial position
- Company statement of changes in equity
- Company statement of cash flows
- Notes to the Company financial statements
165 Company information
Our purpose is bringing families and friends together for affordable fun and safe, healthy competition
Our strategy…
Delivering
like-for-like
revenue growth
Actively | Developing new |
refurbishing | centres and |
our assets | acquisitions |
Read more on pages 32 to 37
Focusing on
our people
Leveraging our indoor leisure experience
is underpinned by our commitment to sustainable growth…
Safe and inclusive leisure destinations
Outstanding workplaces
Read more on pages 46 to 58
Sustainable
centres
and strong market fundamentals…
Growth of competitive
socialising
Combined retail and | Low market |
leisure experiences | penetration |
Read more on pages 30 and 31
Sector consolidation
opportunities
enabling us to create value for our stakeholders
Continually enhancing our
customers' experience
Building energetic and
engaging teams who share our values and are proud to be part of our culture
Read more on pages 27 to 29
Maintaining support of
our investors to help us grow the business and consistently deliver returns
Hollywood Bowl Group plc | 1 |
Annual report and accounts 2022 |
Highlights
Our financial performance
+28.3% | £193.7m | +169.5% | £77.5m |
LFL revenue growth1 | Revenue | Total revenue growth | Group adjusted EBITDA1 |
(2021: +28.6%) | (2021: £71.9m) | (2021: -9.6%) | (2021: £30.6m) |
£37.5m | 21.91p |
Profit after tax | Earnings per share |
(2021: £1.7m) | (2021: 1.05p) |
8.53p | 3.0p |
Final ordinary dividend | Special dividend |
per share | per share |
£39.4m | 23.07p |
Adjusted profit after tax1 | Adjusted earnings |
(2021: £1.7m) | per share1 |
(2021: 1.05p) |
1 Definitions for these measures are in the key performance indicators section (pages 38 and 39). A reconciliation between key adjusted and statutory measures, as well as notes on alternative performance measures, is provided in the Chief Financial Officer's review (pages 40 to 45). Management believes providing these specific financial highlights gives valuable supplemental detail regarding the Group's results, consistent with how management evaluates the Group's performance. Due to the restrictions in FY2020 and FY2021, like-for-like (LFL) calculations above are compared to the last uninterrupted year of trading in FY2019.
2 | Hollywood Bowl Group plc |
Annual report and accounts 2022 | |
Investment case
Reasons to invest
Hollywood Bowl Group is the UK's market leader with national scale, and the second largest operator of ten-pin bowling centres in the world.
We operate a high-quality,well-invested estate with diverse revenue streams and multiple levers, including our expansion into Canada, to drive further growth.
Strategic report
People and leadership
Our highly motivated and engaged operational teams deliver our customer-focused experiences, and are led by a stable and experienced management team who is committed to sustainable growth
Read more on pages 51 to 54
Top 25
UK's Best Big Companies to Work For in 2022
Balance sheet strength
By driving revenues, achieving healthy margins and maintaining a strong balance sheet, we continue to invest appropriately in enhancing and scaling our business
Read more on pages 18 to 22
£56.1m
Net cash at year end
Market opportunities
As the clear leader in both the UK ten-pin bowling and the competitive socialising markets, we are best placed and have the experience to capitalise on the growth opportunities available in the markets we operate in
Read more on pages 30 and 31
Exciting growth pipeline
Alongside our ongoing centre refurbishment plan, we are targeting more new centres for our Hollywood Bowl, Puttstars and Splitsville brands, which is backed by our rigorous and disciplined location selection process
Read more on page 35
9
Centres added to the Group estate in FY2022
15-20
Target range of new openings before the end of FY2025
Customer focus
Our ten-pin bowling and mini-golf centres provide fun and safe environments for people of all ages, and their experiences are enhanced by research led insight and a culture of continuous improvement
Read more on pages 12 to 15
61%
UK net promoter score
Hollywood Bowl Group plc | 3 |
Annual report and accounts 2022 |
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Hollywood Bowl Group plc published this content on 22 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2022 10:22:01 UTC.