2021 HALF YEAR RESULTS
EMERGING STRONG AS RECOVERY COMMENCES
CONTENTS
Positioned to perform
Emerging strong as recovery commences Growth pipeline
HY 2021 financial review Looking forward Appendices
3
4-11
12-17
18-24
25-26
27-32
DISCLAIMER
The presentation contains forward-looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this presentation. Due to inherent uncertainties, including both economic and business risk factors underlying such forward looking information, actual results may differ materially from those expressed or implied by these forward looking statements. The Directors undertake no obligation to update any forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise.
2 | Dalata HY 2021 Results
POSITIONED TO PERFORM
Building blocks in place as recovery begins
Adjusted EBITDA of
€1.4m for HY 2021
Strong operational management and government support helped limit losses
Very strong
domestic recovery in June, July and August
Asset backed balance
sheet and strong
liquidity
- €1.2bn of hotel assets
- 27% Net Debt to Value
- Cash and undrawn facilities of €270m
Cash outflow of
€24m for HY
2021 (including
rent, interest
and capex)
Vaccine rollout in
Ireland and UK amongst best in the world
Acceleration of ESG initiatives in 2021
Retention of core teams critical to business re-opening, recovery and pipeline growth
Ambitious for growth
- Opened first hotel in Glasgow
- Strong pipeline of over 2,600 rooms
- Enhanced reputation
3 | | Dalata HY 2021 Results |
Clayton Hotel Charlemont, Dublin
EMERGING STRONG AS
RECOVERY COMMENCES
Slide I 4
POSITIVE OUTLOOK FOR IRISH AND UK RECOVERY
Strong uptake of Covid-19 vaccines in Ireland
and UK - exceeding USA and EU average
Source: Our World in Data as of 29 August 2021
Positive economic forecasts for UK and
Ireland
Source: Central Bank of Ireland, British Chambers of Commerce
7% 74% | 8.3% | 6.8% | ||||||||||||||
Ireland | 67% | 3.4% | 5.4% | 5.1% | 4.8% | |||||||||||
United Kingdom | 63% | 7% 70% | 2.1% | |||||||||||||
7% 64% | ||||||||||||||||
European Union | 57% | 2020 | 2021f | 2022f | 2023f | |||||||||||
9% 61% | ||||||||||||||||
United States | 52% | GDP growth - Ireland | ||||||||||||||
% total population fully vaccinated against Covid-19 | -9.8% | GDP growth - UK | ||||||||||||||
% total population partly vaccinated against Covid-19 | ||||||||||||||||
Strong FDI¹ presence in Ireland - continued FDI job growth during pandemic
Source: IDA Ireland | ||||||||||||||||||
'000 | ||||||||||||||||||
270 | 215.5 | 257.4 | ||||||||||||||||
240 | ||||||||||||||||||
210 | 176.7 | |||||||||||||||||
180 | ||||||||||||||||||
Up 46%1 | ||||||||||||||||||
150 | ||||||||||||||||||
120 | since | |||||||||||||||||
90 | 2014 | |||||||||||||||||
60 | ||||||||||||||||||
30 | ||||||||||||||||||
0 | ||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | ||||||||||||
Irish economy and Dublin market is underpinned by strong FDI from industries less impacted or positively affected by Covid-19 including pharma, medical devices, TMT sector and financial services
1 46% increase to number employed in FDI (Foreign Direct Investment companies) who are IDA (Industrial Development
Authority) assisted. IDA Ireland's main objective is to encourage investment into Ireland by foreign-owned companies
5 | Dalata HY 2021 Results
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Dalata Hotel Group plc published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 06:11:05 UTC.