EVERYMAN MEDIA GROUP (EMAN) Trading Update summary

Financial performance

• Revenue rose 16.7% to approximately £90.9m, with EBITDA up 19.1% to £16.2m for 2023.

• Market share increased to 4.8% from 4.5% year-on-year.

• Secured a new three-year £35m loan facility, strengthening financial structure.

• Average ticket price increased 3.2% to £11.65; food and beverage spend per head up 10.2% to £10.29.

• H2 2023 performance was slightly impacted by industry strikes, delaying key film releases.

Operational highlights

• Opened four new venues and acquired two Tivoli venues, expanding to 44 venues and 152 screens.

• Continued focus on premium hospitality and curated programming to attract diverse audiences.

• New venues planned for Bury St Edmunds, Durham, and Stratford (London) in 2024.

• Emphasis on measured organic expansion and selective acquisitions.

• CEO highlighted robust growth despite industry challenges and delays.

Outlook

• Confident in 2024 film slate, with anticipated releases including Despicable Me 4, Paddington in Peru, Joker: Folie à Deux, Inside Out 2, Mufasa: The Lion King, Dune: Part Two, and Gladiator sequel.

• Business remains well positioned for future growth and continued operational progress.

• Focus remains on enhancing customer experience and expanding venue footprint.