HOSTELWORLD GROUP PL

HSW
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Hostelworld : 2020 Preliminary Results Presentation

03/17/2021 | 08:06am

Key Messages

FY20 financial performance significantly impacted by COVID-19 travel restrictions

Made solid progress on our Roadmap for Growth, delivering core platform enhancements designed to improve marketing capabilities, user experience and inventory competitiveness

Balance sheet strengthened through a €15.2 million equity placing in June 2020 and a €30 million debt facility in February 2021

Numerous initiatives to support our employees, customers and hostel partners

Hostelworld will emerge stronger than before and is well positioned to seize market opportunities when normal travel patterns resume

FY20 Financial Summary

Net Bookings

Net Revenue

Admin. Expenses1

1.5m

15.4m

36.1m

Net Bookings: -79% YoY

¹ Administrative expenses including exceptional items (€3.0m)

Net Revenues: -81% YoY

Total Spend: -43%YoY

  • 2 EBITDA adjusted for exceptional and non-cash items / Free Cash flow adjusted for capital expenditure, acquisition of intangible assets, net finance costs and net movement in working capital excluding the effect of exceptional costs

  • 3 Net Cash position as at 31/12/2020: €17.0m (€1.2m of Short Term debt) / Net Cash position as at 31/12/2019: €19.4m (nil Debt)

Covid-19 impacted the entire travel landscape, with booking volumes mirroring changes in travel restrictions

Quarterly Net Bookings, 2020 by destination type

(as a % of 2019 Net Bookings)

Long-Haul

Short-Haul

Domestic

80%

80%

70%

80%

70%

70%

60%

60%

60%

50%

50%

50%

40%

40%

40%

30%

30%

30%

20%

20%

20%

10%

10%

10%

0%

0%

0%Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

-10%

-10%

-10%

Long-Haul: Source IP Continent does not equal Destination Continent

Short-Haul: Source IP Country does not equal Destination Country; however, Source IP Continent equals Destination Continent Domestic: Source IP Country equals Destination Country

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Disclaimer

Hostelworld Group plc published this content on 17 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 09:01:05 UTC.

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