Welcome to the latest bi-monthly market update from Viva Leisure.
This regular report to the market and our shareholders is designed to provide further insights into the multiple markets and segments within the fitness industry that Viva Leisure operates.
Given to the COVID shutdowns, comparing to the Previous Corresponding Period is not a relevant comparison. Accordingly, and as per the previous report, we have compared movements in metrics to the previously reported full year results (June 2021). When possible, we will move to traditional reporting against the period 12 months earlier. The report provides a "Consolidated View" and individual business segment views (Health Clubs, Hiit Republic, and Plus Fitness). Readers can distinguish between the different views by the reference in the left margin of each page if relevant.
" The latest reporting period (November and December 2021) has seen an immediate rebound of the business once locations were permitted to re-open. This is the expected behaviour due to the direct debit nature of the business.
Membership in December 2021 is less than half a percent below the pre-COVID June 2021 closing member numbers, effectively back to normal.
Membership for January and February 2022 has exceeded the June 2021 total membership.
As always, I trust you will find great value from our latest bi-monthly update."
Harry Konstantinou, CEO, Viva Leisure Limited
MARKET UPDATE (NOV/DEC 2021)
CONSOLIDATEDonlyuse
ersonal4
Performance Highlights
Revenue
Greenfield Locations
CONTENTS
Performance Highlights
Segment Updates
Locations
Acquisitions Update
Members
Glossary
Consolidated (All Segments)
MONTHLY RRR
DAILY RRR
MEMBERS
MEMBERS NMM
LOCATIONS
$8.4m
$269,891
297,211
-1,165
325
PCP % 0.1%
PCP % -3.1%
PCP % -0.4%
PCP 24,403
PCP 309
Consolidated (Owned locations only)
CLUB m2
UTILISATION
ARPM+
CLUB MARGIN
CLUB MARGIN
CHURN
>12 months locations
106,717
63.2%
$13.79
29.0%
30.8%
5.8%
<12 months locations
PCP % 9.9%
PCP 61.8%
PCP $13.43
PCP 31.8%
20.2%
PCP 4.4%
Excluding impacts of AASB16
Excluding GST, affected this period by COVID-19 lockdowns in ACT, NSW & Victoria PCP period: December 2021 compared to June 2021
Viva Leisure acquired no Plus Fitness locations during the period
MARKET UPDATE (NOV/DEC 2021)
MEMBERS NMM
7,070
PCP 22,409
CLUB MARGIN
>12 months locations
29.6%
<12 months locations
21.5%
LOCATIONS
109
PCP 93
CHURN
5.1%
PCP 4.2%
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Disclaimer
Viva Leisure Ltd. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 22:06:40 UTC.
Viva Leisure Limited is an Australia-based technology-focused health club owner. The Company offers customers several different membership options and a range of different types of facilities from big box fitness facilities to boutique fitness facilities. The Company operates over 120 health clubs within the Australian Capital Territory, New South Wales, Queensland and Victoria with the majority operating under the Club Lime and Hiit Republic brands. Its brands include Pinnacle Health Clubs, Club Lime, Club Lime Aquatics, Club Lime Ladies Only, Club Lime Swim School, Fit N Fast, Groundup, Gymmy PT, Hiit Republic, Plus Fitness, Psycle Life and Studio By Club Lime. Club Lime is a mixed gender health club offering the full suite of health club services in its big box configuration and providing a different service offering in its standard and express clubs. Club Lime Ladies Only health club offers the full suite of health club services in a private female-only environment.