6년 29월 2024일에 종료된 XNUMX개월 동안의 중간 결과
22 4월 2024
텐 라이프스타일 그룹 plc
("XNUMX", "회사" 또는 "그룹")
29년 2024월 XNUMX일에 종료된 XNUMX개월 동안의 중간 결과
Ten Lifestyle Group plc (AIM: TENG), the global concierge platform driving customer loyalty for global financial institutions and other premium brands, announces its unaudited interim results for the six months ended 29 February 2024 ("H1").
재무 하이라이트
· 순수익1 at £30.9m in line with the first half of prior year (H1 2023: £30.9m) and up £1.1m (4%) at constant currency
o 기업 수익2 of £27.1m in line with the first half of prior year (H1 2023: £27.5m)
o 공급자 수익3 of £3.8m up £0.5m (15%) on the first half of prior year (H1 2023: £3.3m)
· 조정 EBITDA4 up £0.3m (7%) to £5.3m (H1 2023: £5.0m) and up £0.5m (10%) at constant currency
o 조정 된 EBITDA 마진5 increased to 17.2% (H1 2023: 16.1%)
· Profit before tax of £0.3m in line with the first half of prior year (H1 2023: £0.4m)
· Cash and cash equivalents up on the first half of the prior year to £8.0m (H1 2023: £7.2m, FY 2023: £8.2m). Net cash was £1.9m (H1 2023: £0.5m; FY 2023: £3.7m)
운영 하이라이트
· Material Contract6 developments expected to generate revenue in the second half of the year, include:
o a multiple year extension of an existing Large contract on renegotiated terms, with options to extend the scope of the current services
o Medium contract with a new global Private Bank client with customers across AMEA7
· £6.4m (H1 2023: £7.1m) investment in proprietary digital platforms, communications and technologies to continue to enhance member experience and further extend competitive advantage
o developed a new Entertainment module of the Ten Digital Platform, including Ten Box Office, allowing members to book tickets, including exclusive inventory, on the platform
o launched and iterating generative AI solutions to improve service quality and efficiency
· Record number of Active Members8, up 13% on first half of the prior year to 356k (H1 2023: 316k)
· Member satisfaction levels9 have improved during the period, a key indicator of repeat usage and of Ten's value to our corporate clients
현재 거래 및 전망
Since the end of the first half of the financial year, Ten has launched new contracts, most notably a Medium contract with Emirates NBD Bank, and continues to convert its strong pipeline of new business. These contract developments at the beginning of H2 2024 are expected to underpin revenue growth in the remainder of the year and into 2025.
Ten remains focused on delivering against its digital roadmap, leveraging in-house generative AI to drive personalisation, service efficiency and quality. The Group expects to generate net cash in the second half of the year and the Board's expectations for the full financial year remain unchanged.
Ten Lifestyle Group의 CEO인 Alex Cheatle은 다음과 같이 말했습니다.
"We have continued to build on the step change in Net Revenue and profitability achieved in FY 2023. This has been achieved whilst maintaining a net cash position, improving service levels, enhancing our technology platform and winning new corporate clients, underpinning expected revenue growth and improved Adjusted EBITDA profitability in the remainder of the year and into 2025."
애널리스트 프레젠테이션
오늘 오전 9시에 온라인 애널리스트 프레젠테이션이 비디오 링크를 통해 진행됩니다.
투자자 웨비나
Additionally, an Investor Webinar tailored for current and prospective investors will be presented on Thursday 25 April 2024 at 5:30 pm, providing participants a deeper insight into the Group's interim results and a chance to engage directly with the leadership team.
분석가 프레젠테이션이나 투자자 웹 세미나에 참석하고 싶다면 이메일을 보내주세요. [이메일 보호]. 이를 통해 귀하는 해당 이벤트에 필요한 세부 정보와 액세스 정보를 받을 수 있습니다.
자세한 내용은 다음을 방문하십시오. https://www.tenlifestylegroup.com/ 또는 문의 :
텐 라이프스타일 그룹 plc 알렉스 치틀(Alex Cheatle) 최고경영자(CEO) Alan Donald, 최고 재무 책임자
| +44 (0)20 7850 2796
|
Singer Capital Markets Advisory LLP, 지명된 고문 및 Broker 기업 금융: James Moat / Oliver Platts Corporate Broking: Charles Leigh-Pemberton / Tom Salvesen |
+ 44 (0) 20 7496 3000 |
1 순수익에는 그룹이 관리하는 특정 회원 거래와 관련된 판매의 직접 비용이 포함됩니다.
2 Corporate revenue is Net Revenue from Ten's corporate clients, including service fees, implementation fees, and fees for the customisation of the Ten Digital Platform.
3 공급업체 수익은 때때로 Ten에게 커미션을 지급하는 호텔, 항공사 및 이벤트 프로모터와 같은 Ten의 공급업체 기반에서 발생한 순수익입니다.
4 조정 EBITDA는 이자, 과세, 상각비, 감가상각비, 주식기준보상비용 및 예외 항목을 차감한 영업이익/(손실)입니다.
5 Adjusted EBITDA margin is Adjusted EBITDA as a percentage of Net Revenue.
6 Ten은 Ten이 컨시어지 및 관련 서비스를 제공하기 위해 기업 고객이 지불했거나 지불할 것으로 예상되는 연간 가치를 기준으로 기업 고객 계약을 다음과 같이 분류합니다. 소규모 계약(£0.25m 미만); 중형 계약(£0.25m ~ £2m) 대규모 계약(£2m~£5m) 그리고 초대형 계약(£5m 이상). 여기에는 컨시어지 서비스 제공을 통해 공급업체로부터 발생한 수익은 포함되지 않습니다. 중형, 대형, 초대형 계약은 총체적으로 Ten의 "물자 계약"입니다.
7 Asia Middle East and Africa.
8 Ten measures member satisfaction using the Net Promoter Score management tool, which gauges the loyalty of a firm's member relationships.
9 Ten의 기업 고객 중 한 곳의 적격 제품, 고용, 계정 또는 카드를 보유하고 있는 개인은 관련 기업 고객의 프로그램에 따라 구성된 Ten의 플랫폼에 액세스할 수 있는 "적격 회원"이며 지난 12개월 동안 플랫폼을 사용한 적격 회원입니다. "정회원"이 됩니다.
운영 및 재무 검토
최고 경영자의 성명
Ten has maintained and, on a constant currency basis, built on the step change in Net Revenue and profitability achieved in FY 2023, whilst maintaining a net cash position. Ten has also continued to invest in technology, including generative AI, and its overall proposition throughout the period. These investments are succeeding in enhancing service levels, improving efficiencies, and further strengthening Ten's competitive advantage, ultimately driving improved member engagement and operating leverage at scale.
We have continued to support and grow with our existing corporate clients and convert our strong pipeline of contract opportunities with global financial institutions and premium brands, securing multiple new contract developments since the start of the financial year, which are due to deliver revenues from in the second half of the financial year.
Net Revenue remained in line with the first half of prior year (H1 2023: £30.9m) but increased £1.1m (4%) at constant currency, with supplier revenue up 15% on the first half of prior year (H1 2023: £3.3m). Active Members continued to grow, up 13% on first half of the prior year to 356k (H1 2023: 316k).
Adjusted EBITDA increased by £0.3m (7%) to £5.3m on the prior year (H1 2023: £5.0m), £0.5m (10%) at constant currency and Adjusted EBITDA margin increased to 17.2% (H1 2023: 16.1%). A positive profit before tax (PBT), of £0.3m was generated, marking the third consecutive half-year period of positive PBT.
At the end of the period, Ten's cash and cash equivalents position was £8.0m (FY 2023: £8.2m), with net cash of £1.9m (H1 2023: £0.5m; FY 2023: £3.7m). This balance reflects the Group's normal seasonality, to consume working capital in the first half of the year, and the timing of client receipts.
Delivering Adjusted EBITDA profitability and maintaining a net cash position, whilst maintaining investments in technology, are key performance indicators of the Group's strategic Growth Engine.
기업 클라이언트 개발
H2 2024 | H1 2024 | 2023 회계연도* | |
Contract By Size | (현재까지) |
|
|
특대 | 3 | 3
| 3 |
큰 | 7 | 7 | 6 |
중급 | 20 | 19 | 19 |
| 30 | 29 | 28 |
|
|
| |
Contract by Region |
|
|
|
유럽 | 8 | 8 | 9 |
미주 | 12 | 12 | 11 |
AMEA | 9 | 8 | 7 |
글로벌 | 1 | 1 | 1 |
| 30 | 29 | 28 |
*FY 2023 contracts restated to reflect the appropriate classification by region under the new reporting structure.
Since the end of FY 2023, Ten has upgraded two Medium contracts into Large contracts and has secured three Medium contracts with new corporate clients, in addition to significant contractual developments with existing corporate clients and multiple Small contract wins. The contract wins have recently launched or are expected to launch by the end of the financial year. These are expected to generate revenue from the second half of the year and, based on previous precedent, will likely increase in volume and value over time.
Most notably, Ten has secured and launched Medium contracts with a new global Private Bank client with customers across AMEA and with Emirates NBD Bank in the UAE. Ten has also partnered with Global Travel Collection to provide luxury lifestyle expertise to their 1,300 travel advisors, enhancing their global reach and premium travel services and is expected to be a Medium contract in the first full year.
Ten has a Framework Agreement with a corporate client group, encompassing the equivalent of two Large contracts. Ten has secured a multiple year extension of one of the Large contracts on renegotiated terms, with options to extend the scope of the current services. However, the client has chosen to withdraw concierge services from its customer engagement strategy, under the other contract. Consequently, Ten will lose a Large contract (c. 5.5% of Net Revenue in FY 2023) from the end of this financial year, albeit we expect the loss of this contract to be partially offset by initiatives that are underway to increase our footprint within the existing client base as well as other mitigations.
Some of the users of the exiting concierge services are expected to transition to Ten's 'paid-for' Private Membership. This is expected to grow Ten's Private Membership by the equivalent of a Medium contract during FY 2025. The combined growth initiatives plus retention of the Large contract and Ten's Private Membership is expected to mitigate the loss of the contract, such that the total Net Revenue impact of this contract loss will be £1.5m to £2.5m in FY 2025.
We believe that Ten's pipeline of new business has never been stronger and primarily consists of global financial institutions and premium brands aiming to enhance their customer loyalty metrics, particularly since the conclusion of the pandemic. The sales and launch cycle typically spans 12-24 months, and Ten is currently in the process of converting this pipeline, which is anticipated to generate revenue starting from the second half of this financial year and continuing into 2025.
While the majority of recent contract wins are with first-time concierge service adopters, Ten has a very strong record of winning competitive tenders and re-tenders (>90% success rate over the last 5 years) and remains confident in securing contracts with incumbent competitors when they come up for tender.
We remain confident in the strength and depth of our partnerships with corporate clients. These clients increasingly engage Ten to deliver premium product marketing, customer engagement, and insight initiatives, alongside technology integration, personalisation, and unique content projects that enhance member experiences and reinforce Ten's position as the preferred partner for financial institutions and premium brands seeking to attract and retain affluent customers.
Our investments in technology, AI and content underpins enhanced member proposition, satisfaction, and engagement
Ten continues to benefit from the operational, and competitive advantages of our digital capability with £6.4m (H1 2023: £7.1m) invested in technology, communications, and content in the period. We believe that our strategic focus on market-leading digital capability clearly differentiates us from our competitors and underpins our long-term "Growth Engine" strategy to become the world's most trusted service.
Throughout the period, significant advancements in Ten's digital roadmap have been achieved that we believe are driving member engagement as well as greater efficiencies and scale. Notable improvements include enhanced personalisation, user experience and the introduction of a new "Entertainment" module to the Ten Digital Platform with a fully integrated "Ten Box Office". Ten's closed user group of high-net-worth members can enjoy presales, preferential pricing, and bespoke access to ticketing and VIP hospitality packages, alongside publicly available inventory delivered via APIs with industry leading distributors. From H2 2023, inventory will be managed through Ten's proprietary digital ticketing technology. Some of our corporate clients have held back on marketing entertainment tickets, fulfilled via high-touch servicing, until the digital platform functionality is complete in H2 2024. Clients are enthusiastic about ramping up marketing, once the digital fulfilment is launched, because of the improved CX and lower cost per interaction.
Work is underway to deliver on further planned releases throughout calendar year (CY) 2024 aimed at improving Ten's digital offerings by leveraging Ten's ever-improving "not available on the internet" inventory of offers, benefits and access across restaurants, travel, entertainment and editorial content with technology innovations, including in-house generative AI to drive personalisation, service efficiency and quality.
Ten has joined Microsoft AI Cloud Partner Program to support our in-house AI capabilities. This partnership has facilitated the development and expansion of Ten's AI "CoPilot" tool for Lifestyle Managers. By combining data from Ten's proprietary travel and dining inventory with AI technology, our Lifestyle Managers can now provide faster and more efficient service, improving overall service quality. Additionally, we are using large language models to enhance the speed, cost-effectiveness, and efficiency of content translation, as well as other business functions.
Member satisfaction, as measured by Net Promoter Score (NPS) has improved during the period and the number of Active Members using the service is up 13% on first half of the prior year to 356k (H1 2023: 316k). Member engagement and satisfaction are key to building value for corporate clients, who want to improve the engagement, retention, and acquisition of their most valued customers. This, in turn, justifies increased corporate spending with us and attracts new corporate clients and new supplier partners to work with us.
Notably, we have, in early 2024, attracted talent at all levels from the luxury travel sector to help drive engagement with our most valuable members in this profitable, cash generative area and this is likely to impact results by CY 2025.
Since securing B Corp certification last year, we have re-doubled our efforts to build a sustainable business. This includes broadening our ESG partners and services across travel, dining, retail, and entertainment to give members more choice. Promoting these choices through all channels encourages sustainable decisions amongst our members.
During the period, changes were made to the Non-Executive Board. Jules Pancholi, Non-Executive Director, has assumed the role as Chairman and Chair of the Nomination Committee. Edward Knapp has been appointed as Non-Executive Director and Chair of the Audit & Risk Committee, while Carolyn Jameson has been appointed as Non-Executive Director and Chair of the Remuneration Committee and, as of today, will also chair the Nomination Committee. On behalf of the Board, I extend our sincere thanks to our former Chair, Bruce Weatherill, and Gillian Davies, who both retired from the Board during the period, for their dedication and invaluable guidance since the Company's IPO in 2017.
재무 검토
결과
£ m | H1 2024 | H1 2023 |
| £ m | £ m |
수익 | 33.3 | 32.4 |
순수익 | 30.9 | 30.9 |
운영비 및 기타 수입 | (25.6) | (25.9) |
조정 EBITDA | 5.3 | 5.0 |
조정 된 EBITDA % | 17.2% | 16.1% |
|
|
|
감가 상각 | (1.4) | (1.5) |
상각 | (2.8) | (2.5) |
공유 기반 지불 | (0.4) | (0.4) |
이자 및 세금 공제 전 영업이익 | 0.7 | 0.6 |
Net finance expense and foreign exchange | (0.4) | (0.1) |
과세 전 이익 | 0.3 | 0.4 |
세금 | (0.3) | (0.6) |
해당 기간의 이익 / (손실) | - | (0.2) |
수익
Revenue for the period was £33.3m, a 3% increase on H1 2023 (£32.4m). Net Revenue (which is our key revenue measure) for the period was £30.9m, which was consistent with the prior period (H1 2023: £30.9m) and up 4% at constant currency.
Corporate revenue for H1 2024 was £27.1m, a 1% decrease compared to the first half of the prior year (H1 2023: £27.5m), mainly due to the fluctuation in foreign exchange rates (3% growth at constant currency), with a Net Corporate Revenue Retention Rate of 101% (H1 2023: 144%). Supplier revenue (predominantly travel related) was £3.8m a 15% increase compared to the first half of the prior year (H1 2023: £3.3m).
감가상각비, 상각비, 주식 기준 지급 및 예외 항목을 제외한 운영 비용 및 기타 소득
Operating expenses and other income for the period was £25.6m, a decrease of £0.3m, compared to the first half of the prior year (H1 2023: £25.9m), as the Group benefits from improved operational efficiencies offsetting cost and wage inflation.
조정 EBITDA
Adjusted EBITDA, as reported, takes into account all Group operating costs, other than depreciation of £1.4m (H1 2023: £1.5m), amortisation of £2.8m (H1 2023: £2.5m), share-based payment expenses of £0.4m (H1 2023: £0.4m). On this basis, Adjusted EBITDA was £5.3m (H1 2023: £5.0m) and EBITDA margin of 17.2% improved by 1.1% vs prior year.
Depreciation has slightly decreased by £0.1m, primarily due to a reduction in leases as they reach the end of their useful lives, with the Group taking on smaller office space following the change in working habits. Amortisation increased by £0.3m, reflecting our continued investment in technology.
과세 전 소득
Profit before tax of £0.3m (H1 2023: £0.4m). Net finance expenses increased to £0.4m (H1 2023: £0.1m) due to interest on additional £1.1m of loan notes secured during the period and FX differences of £0.2m year on year.
지역 성과
부문별 순수익 보고에는 기업 고객의 위치가 아닌 서비스 제공 위치가 반영됩니다. 이를 통해 우리는 전 세계 운영의 효율성과 수익성을 이해하고 추적할 수 있습니다.
£ m | H1 2024 | H1 2023 | % 변화 | 일정한 통화로 % 변화 |
유럽 | 12.9 | 12.4 | 4% | 5% |
미주 | 12.5 | 13.1 | -4 % | -1 % |
AMEA | 5.5 | 5.4 | 3% | 11% |
금액 | 30.9 | 30.9 | 0% | 4% |
IT, 플랫폼 지원, 비임대 비용 및 관리를 포함한 간접 중앙 비용을 지역 전체에 완전히 할당한 후 각 지역 부문의 조정된 EBITDA 수익성은 다음과 같습니다.
£ m | H1 2024 | H1 2023 |
유럽 | 4.6 | 4.0 |
미주 | 0.2 | 0.8 |
AMEA | 0.6 | 0.1 |
금액 | 5.3 | 5.0 |
순수익의 조정 EBITDA % | 17.2% | 16.1% |
유럽
Net Revenue in the region increased by 4% to £12.9m (H1 2023: £12.4m) and by 5% at constant currency. The increase in Net Revenue of £0.5m is primarily driven by both corporate and supplier revenue due to increased demand. Adjusted EBITDA of £4.6m is higher than prior year of £4.0m through the Net Revenue increase as well as continued operational efficiencies.
아메리카
Net Revenue from the region decreased by 4% to £12.5m (H1 2023: £13.1m) and by 1% at constant currency (principally driven by US$). Adjusted EBITDA profit of £0.2m is lower than prior year by £0.6m. The reduction is primarily foreign exchange driven as well as additional set up costs incurred for contracts due to launch in the second half of the year.
AMEA
Net Revenue increased by 3% to £5.5m (H1 2023: £5.4m) and by 11% at constant currency (principally driven by Japanese Yen). Adjusted EBITDA profit of £0.6m compared to an Adjusted EBITDA profit of £0.1m in the same period last year. This has been driven by increased supplier revenue plus operational efficiencies and cost saving measures taken across the region.
현금 흐름
H1 - 2024 | |
| £ m |
과세 전 소득 | 0.3 |
순 금융 비용 | 0.4 |
운전 자본 변경 | (1.9) |
Non-cash items (share-based payments, depreciation and amortisation charges, exceptional items) | 4.6 |
영업 현금 흐름 | 3.4 |
자본 지출 | (0.1) |
무형자산에 대한 투자 | (3.7) |
Taxation paid | (0.5) |
Cash (outflow) | (1.0) |
금융 활동으로 인한 현금 흐름 |
|
옵션 행사 영수증 | 1.0 |
대출 영수증 | 1.1 |
송장 금융 시설 | 0.6 |
Loan payments - loan notes | (0.3) |
Interest on loan paid | (0.2) |
임대 및 순이자 상환 | (1.4) |
금융 활동으로 인한 순 현금 | 0.8 |
현금 및 현금 등가물의 순 감소 | (0.2) |
|
|
기간 초기 현금 및 현금성 자산 | 8.0 |
|
|
순 현금 | 1.9 |
Pre-tax operating cash inflows of £3.4m, reflected a profit before tax of £0.3m, increased net working capital of £1.9m, and add back of non-cash items of £4.6m.
Additionally, during the period, there was £3.7m (H1 2023: £3.7m) of capital investment, in both our global content, our internal CRM platform (TenMAID) and the continued development of our digital platform.
Additional loan notes of £1.1m were raised during the period and the invoice financing facility was at £0.8m (H1 2023: £2.0m) at the end of the period. Repayment of loans £0.3m (H1 2023: nil), and increased interest paid on the outstanding borrowings, resulted in a decrease in cash and cash equivalents during the period of £0.2m.
대차 대조표 | H1 2024 | FY 2023 |
£ m | £ m | |
무형 자산 | 16.3 | 15.4 |
재산, 식물 및 장비 | 0.8 | 0.9 |
사용권 자산 | 2.4 | 1.9 |
이연 법인세 자산 | 4.4 | 4.3 |
현금 | 8.0 | 8.2 |
기타 유동 자산 | 12.1 | 12.1 |
유동리스부채 | (1.5) | (1.7) |
유동 부채 | (18.9) | (21.0) |
단기 차입금 | (2.0) | (1.6) |
비유동리스부채 | (1.1) | (0.4) |
장기 차입금 | (4.2) | (3.0) |
순자산 | 16.3 | 15.2 |
|
|
|
자본금/주식프리미엄 | 32.3 | 31.3 |
보유 | (16.0) | (16.1) |
총 자본 | 16.3 | 15.2 |
Net assets increased by £1.1m to £16.3m at 29 February 2024 compared to £15.2m at 31 August 2023. This was primarily due to continued investment in software development. Net assets of £16.3m includes cash of £8.0m as at 29 February 2024.
주요 위험 및 불확실성
The principal risks and uncertainties facing the Group remain broadly consistent with the Principal Risks and Uncertainties reported in Ten's 2023 Annual Report with no new risks or uncertainties being identified in the period.
알렉스 치틀 | 앨런 도널드 |
최고 경영자(CEO) | 최고 재무담당자(CFO) |
19 4월 2024 | 19 4월 2024 |
연결포괄손익계산서
주의 사항 | 6개월 ~ 29년 2024월 XNUMX일 | 6개월 ~ 28년 2023월 XNUMX일 | |
| 감사되지 않음 | 감사되지 않음 | |
| £'000 | £'000 | |
수익 | 2 | 33,266 | 32,382 |
주요 회원 거래에 대한 매출 원가 | (2,353) | (1,528) | |
순수익 | 2 | 30,913 | 30,854 |
기타 매출원가 | (967) | (849) | |
매출 총 이익 |
| 29,946 | 30,005 |
관리비 | (29,628) | (29,767) | |
다른 수입 | 356 | 300 | |
상각, 감가상각, 이자, 주식 기준 지급, 예외 항목 및 과세 전 영업 이익("조정 EBITDA") | 5,308 | 4,953 | |
감가 상각 |
| (1,429) | (1,473) |
상각 | 3 | (2,846) | (2,526) |
주식기준보상비용 |
| (359) | (416) |
|
| ||
영업 이익 |
| 674 | 538 |
순 금융 비용 | (413) | (149) | |
과세 전 이익 |
| 261 | 389 |
과세 비용 | 4 | (259) | (574) |
해당 기간의 이익 / (손실) |
| 2 | (185) |
| |||
기타 종합 비용: |
| ||
외화 환산 차이 | (96) | (407) | |
해당 기간의 총포괄손실 |
| (94) | (592) |
|
| ||
Basic and diluted profit / (loss) per ordinary share | 5 | 0.0p | (0.2:XNUMX)p |
Diluted profit / (loss) per ordinary share |
| 0.0p | (0.2:XNUMX)p |
Basic underlying (loss) per ordinary share |
| (0.5:XNUMX)p | (0.2:XNUMX)p |
Diluted underlying (loss) per ordinary share |
| (0.5:XNUMX)p | (0.2:XNUMX)p |
연결포괄손익계산서는 모든 영업이 계속영업이라는 가정을 바탕으로 작성되었습니다.
연결재무상태표
주의 사항 | 6개월 ~ 29년 2024월 XNUMX일 | 31 8월 2023 | |
| 감사되지 않음 | 감사 | |
| £'000 | £'000 | |
비유동 자산 |
| ||
무형 자산 | 3 | 16,278 | 15,394 |
재산, 식물 및 장비 | 764 | 912 | |
자산 사용권 | 2,442 | 1,911 | |
이연 법인세 자산 | 4,419 | 4,297 | |
비유동 자산 |
| 23,903 | 22,514 |
| |||
유동 자산 |
| ||
재고 | 451 | 511 | |
매출 채권 및 기타 채권 | 11,614 | 11,608 | |
현금 및 현금성 자산 | 7,955 | 8,229 | |
총 유동 자산 |
| 20,020 | 20,348 |
| |||
총자산 |
| 43,923 | 42,862 |
| |||
유동 부채 |
| ||
매입 채무 및 기타 채무 | (18,292) | (20,059) | |
식량 | (597) | (931) | |
리스 부채 | (1,491) | (1,738) | |
차입금 | 6 | (1,963) | (1,622) |
총 유동 부채 |
| (22,343) | (24,350) |
| |||
순유동 부채 |
| (2,323) | (4,002) |
| |||
비유동 부채 |
| ||
리스 부채 | (1,087) | (399) | |
차입금 | 6 | (4,177) | (2,950) |
비유동 부채 |
| (5,264) | (3,349) |
| |||
총 부채 |
| (27,607) | (27,699) |
| |||
순자산 |
| 16,316 | 15,163 |
| |||
공평 |
| ||
소집된 자본금 | 86 | 85 | |
프리미엄 계정 공유 | 32,256 | 31,272 | |
합병 구제준비금 | 1,993 | 1,993 | |
외환 준비금 | (1,207) | (1,111) | |
재무 준비금 | 606 | 606 | |
적자 유지 | (17,418) | (17,682) | |
총 자본 |
| 16,316 | 15,163 |
연결자본변동표
| 소집된 자본금 | 프리미엄 계정 공유 | 합병 구제준비금 | 외환 준비금 | 국고 비축 | 적자 유지 | 금액 | |
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
1년 2022월 XNUMX일 잔액 |
| 84 | 30,658 | 1,993 | (547) | 513 | (22,858) | 9,843 |
| ||||||||
Period ended 31 August 2022: |
| |||||||
올해의 이익 | - | - | - | - | - | 4,547 | 4,547 | |
외환 | - | - | - | (564) | - | - | (564) | |
당해 년도 총 포괄 이익 |
| - | - | - | (564) |
| 4,547 | 3,983 |
| ||||||||
신주 발행 | 1 | 614 | - | - | - | - | 615 | |
EBT(Employee Benefit Trust)가 매입한 주식 | - | - | - | - | 93 | - | 93 | |
주식결제형 주식기준보상수수료 | - | - | - | - | - | 629 | 629 | |
Balance at 31 August 2023 (Audited) |
| 85 | 31,272 | 1,993 | (1,111) | 606 | (17,682) | 15,163 |
| ||||||||
해당 기간 동안의 이익 | - | - | - | - | - | 2 | 2 | |
외국환 | - | - | - | (96) | - | - | (96) | |
해당 기간 총 포괄 손익 |
| - | - | - | (96) | - | 2 | (94) |
| ||||||||
신주 발행 | 1 | 984 | - | - | - | - | 985 | |
주식결제형 주식기준보상수수료 | - | - | - | - | - | 262 |
262 | |
29년 2024월 XNUMX일 잔액(미감사) |
| 86 | 32,256 | 1,993 | (1,207) | 606 | (17,418) | 16,316 |
|
요약연결현금흐름표
| 6개월 ~ 29년 2024월 XNUMX일 | 6개월 ~ 28년 2023월 XNUMX일 | |
| £'000 | £'000 | |
영업 활동으로 인한 현금 흐름 |
| ||
Loss for the period, after tax | 2 | (185) | |
다음에 대한 조정 : |
| ||
과세 비용 | 259 | 574 | |
순 금융 비용 | 413 | 149 | |
무형 자산의 상각 | 2,846 | 2,526 | |
유형 자산의 감가 상각 | 245 | 254 | |
사용권 자산의 감가상각 | 1,184 | 1,219 | |
주식결제형 주식기준보상비용 | 359 | 416 | |
운전 자본의 이동: |
| ||
재고 감소 | 60 | 51 | |
매출채권 및 기타수취채권의 감소/(증가) | 552 | (1,689) | |
(감소)/매매대금 및 기타채무의 증가 | (2,605) | 205 | |
운영에서 발생하는 현금 |
| 3,315 | 3,520 |
납부한 세금 | (525) | (401) | |
영업 활동으로 인한 순 현금 |
| 2,790 | 3,119 |
| |||
투자 활동으로 인한 현금 흐름 |
| ||
무형 자산 매입 | (3,730) | (3,683) | |
부동산, 플랜트 및 장비 구매 | (101) | (250) | |
금융 수입 | 6 | 6 | |
투자 활동에 사용 된 순 현금 |
| (3,825) | (3,927) |
| |||
금융 활동으로 인한 현금 흐름 |
| ||
리스 부채 상환 | (1,276) | (1,280) | |
Loan receipts - invoice discounting | 641 | 2,084 | |
이자 지급 | (241) | (178) | |
IFRS16 리스 부채에 지급된 이자 | (108) | (81) | |
주식 자본 발행으로 인한 현금 영수증 | 985 | 15 | |
Loan receipts - loan notes | 1,075 | 1,185 | |
Loan payments - loan notes | (300) | - | |
자금 조달 활동으로 생성 된 순 현금 |
| 776 | 1,745 |
| |||
외화 현금 및 현금 등가물 이동 | (15) | (363) | |
현금 및 현금 등가물의 순 감소 |
| (274) | 574 |
기간 초기 현금 및 현금성 자산 |
| 8,229 | 6,584 |
| |||
기말의 현금 및 현금성 자산 |
| ||
은행 및 수중에 현금 | 7,955 | 7,158 | |
현금 및 현금성 자산 |
| 7,955 | 7,158 |
|
중간재무정보에 대한 주석
1. 준비의 기초
These interim consolidated financial statements have been prepared using accounting policies based on International Financial Reporting Standards (IFRS and IFRIC Interpretations) issued by the International Accounting Standards Board ("IASB") as contained in UK adopted IFRS. They do not include all disclosures that would otherwise be required in a complete set of financial statements and should be read in conjunction with the 31 August 2023 Annual Report. The financial information for the half years ended 29 February 2024 and 28 February 2023 does not constitute statutory accounts within the meaning of Section 434 (3) of the Companies Act 2006 and both periods are unaudited.
Ten Lifestyle Group plc('그룹')의 연간 재무제표는 2006년 회사법('IFRS')의 요구 사항과 회사 보고에 적용되는 2006년 회사법의 해당 부분을 준수하는 국제 표준에 따라 작성되었습니다. IFRS에 따라(달리 명시된 경우는 제외) 이 보고서에 포함된 31년 2023월 31일에 종료된 연도의 비교 재무 정보는 해당 기간에 대한 전체 법정 연차 보고서를 구성하지 않습니다. 2023년 31월 2023일에 종료된 연도의 법정 연차 보고서 및 재무제표가 회사 등록 기관에 제출되었습니다. 498년 2월 3일에 종료된 회계연도의 연차 보고서 및 재무제표에 포함된 독립 감사인의 보고서는 적합하지 않았으며 강조를 통해 어떠한 사항에도 관심을 끌지 않았으며 2006(XNUMX)-(XNUMX)에 따른 진술을 포함하지 않았습니다. 회사법 XNUMX.
그룹은 31년 2023월 34일로 종료되는 연도 재무제표와 동일한 회계 정책과 계산 방법을 중간연결재무제표에 적용했습니다. 그룹 세금 부과는 IAS XNUMX와 동일한 기준으로 회계처리되지 않습니다. 세금 부과는 보고일의 예상 유효 세율을 사용하여 계산됩니다. 아직 유효한 새로운 기준서는 없으며 이는 현 기간에 기업에 중대한 영향을 미칠 것으로 예상됩니다.
관심가는
The ability of the Group to continue as a going concern is contingent on the ongoing viability of the Group. The Group meets its day-to-day working capital requirements through its cash balances and wider working capital management. As 29 February 2024, the date of the interim consolidated financial statements, the Group had cash of £8.0m. During the period, the Group obtained an additional £1.1m of loan financing to replace existing debt as and when it comes due.
To evaluate the Group's ability to operate as a going concern, the Directors have reviewed the cash flow forecasts covering a period of at least twelve months from the date of approval of the interim consolidated financial statements. The Group's forecasts and projections, taking account of reasonably possible changes in trading performance for the principal risks, show that the Group expects to be able to operate as a going concern within the level of its current cash resources.
The Directors have considered severe but plausible scenarios reflecting a potential reduction in variable revenue, as well as the potential failure to successfully renew contracts in the forecast periods. In response, the Directors have identified cost savings available to the Group should these scenarios arise such that the reduction in revenues would be offset by necessary costs savings. Having assessed these scenarios, the Group would be able to continue to operate with its existing working capital facilities.
The Directors have evaluated the Groups ability to operate as a going concern and has determined that it has adequate resources to continue in operational existence for the foreseeable future. The Group's cash flow forecasts show that it expects to be able to operate as a going concern within the level of its current cash resources. The Group has also identified cost savings available to it should it experience a reduction in revenue. The Group has assessed the principal risks and other matters discussed in connection with the going concern statement and has a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future.
The Board of Directors approved this interim report on 19 April 2024.
2. 구간 정보
The total revenue for the Group has been derived from its principal activity; the provision of concierge services. Due to a change in management structure as referred to in the 2023 Annual Report, we have changed our segmental information to Europe, Americas and AMEA and both periods below reflect the same.
6개월 ~ 29년 2024월 XNUMX일 | 6개월 ~ 28년 2023월 XNUMX일 | |
| (감사하지 않음) | (감사하지 않음) |
| £'000 | £'000 |
유럽 | 12,911 | 12,422 |
미주 | 12,485 | 13,069 |
AMEA | 5,517 | 5,362 |
순수익 | 30,913 | 30,854 |
| ||
Add back: Cost of sales on principal transactions | 2,353 | 1,528 |
수익 | 33,266 | 32,382 |
| ||
유럽 | 4,557 | 3,989 |
미주 | 188 | 825 |
AMEA | 562 | 139 |
조정 EBITDA | 5,308 | 4,953 |
| ||
상각 | (2,846) | (2,526) |
감가 상각 | (1,429) | (1,473) |
주식기준보상비용 | (359) | (416) |
영업 이익 | 674 | 538 |
| ||
기타순금융비용 | (413) | (149) |
과세 전 이익 | 261 | 389 |
세액공제 | (259) | (574) |
해당 기간의 이익 / (손실) | 2 | (185) |
|
Net Revenue is a non-GAAP Group measure that includes the direct cost of sales relating to member transactions managed by the Group, such as the cost of airline tickets sold under the Group's ATOL licences. Net Revenue is the measure of the Group's income on which segmental performance is measured.
Adjusted EBITDA is a Company non-GAAP Company specific measure excluding interest, taxation, amortisation, depreciation, share-based payment, and exceptional costs. Adjusted EBITDA is the main measure of performance used by the Board, who are considered to be the chief operating decision makers. Adjusted EBITDA is the principal operating metric for a segment.
The statement of financial position is not analysed between reporting segments. Management and the chief operating decision-maker consider the statement of financial position at Group level.
3. 무형자산
그룹은 Ten의 글로벌 디지털 플랫폼인 TenMAID(Ten의 독점 고객 관계 관리 시스템) 개발을 나타내는 비용으로 £3.7만(1년 상반기: £2023m, FY 3.7: £2023m)의 비용을 자본화하여 순장부가치 £7.3를 기록했습니다. m(16.3년 상반기: £1m, FY 2023: £14.6m) 상각 비용 £2023m(15.4년 상반기: £2.8m, FY 1: £2023m) 후.
4. 과세
The income tax expense has been recognised based on the best estimate of the weighted average annual effective UK corporation tax rate expected for the full financial year. The income tax expense of £0.3m (H1 2023: £0.6m) includes foreign taxes recognised by overseas Group companies on a territory-by-territory basis using the expected effective tax rate for the full year. The Group has an effective tax rate of 100% (H1 2023: 150%). This is primarily the result of the geographical distribution of profits and the tax rates in those regions, the effect of which is a charge of £0.7m. This has been offset by the impact of recognition by deferred tax assets relating to historical losses of £0.5m (H1 2023: nil).
5. 주당순이익
| 6개월 ~ 29년 2024월 XNUMX일 | 6개월 ~ 28년 2023월 XNUMX일 |
기본 EPS | £'000 | £'000 |
Profit / (loss) attributable to equity shareholders of the parent | 2 | (185) |
가중평균 발행보통주식수(자기주 순액) | 85,038,465 | 83,808,935 |
Basic profit / (loss) per share (pence) | 0.0p | (0.2:XNUMX)p |
보통주당 기본이익
Basic profit per ordinary share is calculated by dividing the net result for the period attributable to shareholders by the weighted number of ordinary shares outstanding during the period (H1 2023: -0.2p)
6개월 ~ 29년 2024월 XNUMX일 | 6개월 ~ 28년 2023월 XNUMX일 | |
희석 EPS | £'000 | £'000 |
Profit / (loss) attributable to equity shareholders of the parent | 2 | (185) |
가중평균 발행보통주식수(자기주 순액) | 85,876,479 | 83,808,935 |
Basic profit / (loss) per share (pence) | 0.0p | (0.2:XNUMX)p |
보통주당 희석이익
Diluted earnings per share is calculated as per IAS 33 by adjusting the weighted average number of ordinary shares outstanding for the dilutive effect of 'in the money' share options, which are the only dilutive potential common shares for the Group. The net profit attributable to ordinary shareholders is divided by the adjusted weighted average number of shares. 'Out of the money' share options are excluded from the calculation as they are non-dilutive. Where the Group has incurred a loss in the period, the diluted loss per share is the same as the basic loss per share as the loss has an anti-dilutive effect.
6개월 ~ 29년 2024월 XNUMX일 | 6개월 ~ 28년 2023월 XNUMX일 | |
기초 EPS | £'000 | £'000 |
Profit/(Loss) attributable to equity shareholders of the parent | 2 | (185) |
Excluding Exceptional Items & Taxes | ||
뛰어난 아이템 | - | - |
Recognition of historical tax losses | (461) | - |
Underlying loss attributable to equity shareholders of the parent | (459) | (185) |
Basic weighted average number of ordinary shares in issue (net of treasury) | 85,038,465 | 83,808,935 |
Basic underlying loss per share (pence) | (0.5:XNUMX)p | (0.2:XNUMX)p |
Diluted weighted average number of ordinary shares in issue (net of treasury) | 85,038,465 | 83,808,935 |
Diluted underlying loss per share (pence) | (0.5:XNUMX)p | (0.2:XNUMX)p |
보통주당 기본이익
Underlying earnings per share is calculated by adjusting the profit/(loss) attributable to equity shareholders for exceptional items and associated taxes along with non-underlying tax items such as deferred tax arising from the recognition of historical losses. No changes are made to the weighted average number of ordinary shares.
6. 차입금
The Group has £6.1m of loans (FY 2023: £4.6m), which includes the invoice financing facilities in place relating to trade receivables due from large corporate clients of Ten Lifestyle Management Ltd that are denominated in USD$ and GBP£. At 29 February 2024 the invoice financing facilities was £0.8m (H1 2023: £2.1m). The Group retains the credit risk associated to these trade receivables and therefore presents these trade receivables gross within the reported current assets. The liability arising from the invoice financing is presented as borrowings within current liabilities. The invoice financing facility is guaranteed to the value of the debts advanced and accrues interest at a rate of 2% over the base rate.
During the period, the Group obtained a further £1.1m in loans from private lenders, interest is payable at a rate of 12% per annum.
7. 기간 후 행사
The Company has evaluated subsequent events through the date of issuance of these financial statements, and determined that there were no significant events that occurred after the balance sheet date that would require disclosure.
8. 주의사항
이 문서에는 Ten Lifestyle Group plc와 관련된 특정 미래 예측 진술이 포함되어 있습니다. 회사는 역사적 사실이 아닌 모든 진술을 "미래 예측 진술"로 간주합니다. 이는 실제 결과와 회사의 재무 성과가 미래 예측 진술에 포함된 내용과 실질적으로 달라질 수 있는 위험과 불확실성에 영향을 받는 사건 및 추세와 관련됩니다. 이러한 진술은 이사들이 이용 가능한 정보를 바탕으로 선의로 작성한 것이며, 그러한 진술은 그러한 미래 예측 정보의 기초가 되는 경제적 및 사업적 위험 요소를 포함하여 내재된 불확실성으로 인해 주의 깊게 취급되어야 합니다.
RNS는 귀하의 IP 주소를 사용하여 약관 준수 여부를 확인하고, 귀하가 이 커뮤니케이션에 포함된 정보를 사용하는 방식을 분석하고, 그러한 분석을 익명으로 다른 사람과 상용 서비스의 일부로 공유할 수 있습니다. RNS와 런던 증권 거래소가 귀하가 제공한 개인 데이터를 사용하는 방법에 대한 자세한 내용은 개인 정보 보호 정책을 참조하십시오.