Viva Leisure : Bi-Monthly Presentation (Jan/Feb 2022)

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BI-MONTHLY MARKET UPDATE

JANUARY/FEBRUARY 2022

23 MARCH 2022

AS X : VVA

Contents

Performance HighlightsonlyRevenue

LocationsuseMembers

Plus Fitness UpdateersonalGreenfield Locations Acquisitions Update

Glossary

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Welcome

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 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 most recently reported half year results (December 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 (January and February 2022) has continued to see a rebound in growth. This was expected due to the direct debit nature of revenue of the business as gyms were allowed to reopen.
  February 2022 saw record increases across all key metrics including revenue, membership, locations and average revenue per member. This is even more significant considering February is the shortest month of the year.

We are not slowing down, with the strong positive growth continuing so far in March. "

Harry Konstantinou, CEO, Viva Leisure Limited

MARKET UPDATE (JAN/FEB 2022)

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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
$8.6m	$308,734	309,791	12,580	330
PCP % 3.3%	PCP % 14.4%	PCP % 4.2%	PCP -1,165	PCP 325

Consolidated (Owned locations only)

CLUB m2	UTILISATION	ARPM+	CLUB MARGIN	CLUB MARGIN	CHURN
				>12 months locations
112,194	65.8%	$14.02	29.0%	28.5%	5.3%
				<12 months locations
PCP % 5.1%	PCP 63.2%	PCP $13.79	PCP 29.0%	29.5%	PCP 5.8%

• • Excluding impacts of AASB16
• Excluding GST, affected this period by COVID-19 lockdowns in ACT, NSW & Victoria PCP period: February 2022 compared to December 2021

Daily Revenue Run Rate (RRR) based on 28 days of February 2022

MARKET UPDATE (JAN/FEB 2022)

Performance Highlights

CONTENTS

Performance Highlights	Segment Updates
Revenue	Greenfield Locations
Locations	Acquisitions Update
Members	Glossary

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MONTHLY RRR

$7.3m

PCP % 0.7%

CLUB m2

103,793

PCP % 5.6%

DAILY RRR	MEMBERS	VIVA MEMBERS
$260,288	140,450	133,308
PLUS MEMBERS
PCP % 11.4%	PCP % 10.1%	7,142

UTILISATION	ARPM+	CLUB MARGIN
	$13.55	Combined
67.7%	29.5%
PCP 64.9%	PCP $13.30	PCP 27.9%

• Excluding impacts of AASB16
• • Excluding GST

PCP period: February 2022 compared to December 2021

Viva Leisure acquired one Plus Fitness location during the period

MARKET UPDATE (JAN/FEB 2022)

MEMBERS NMM

12,875

PCP 22,409

CLUB MARGIN

>12 months locations

31.3%

<12 months locations

29.8%

LOCATIONS

114

PCP 109

CHURN

4.7%

PCP 5.1%