Mitchells & Butlers — FY2012 Earnings Presentation

4 slides from Mitchells & Butlers's earnings presentation, Nov 27, 2012

Slide 1: Supplementary Information
Supplementary Information Final Results – 27 November 2012
Slide 2: FY 2012 - Estate details by food spend
FY 2012 - Estate details by food spend Village Pub & High Kitchen Miller & Carter Harvester Crown 27 Toby 205 Carveries Vintage Inns 147 39 118 194 Food as % of sales 26 81 Alex 38 Sizzling 47 Browns Premium Pubs Ember All Bar One Country 220 Dining 130 Town Centre & Community Nicholson’s Metropolit
Slide 3: FY 2012 - Outlet reconciliation
FY 2012 - Outlet reconciliation Total Franchised Total MAB Managed Closing outlets (end FY 11) 1,605 69 1,536 Transfers (1) (5) 4 Disposals (4) (3) (1) Acquisitions 38 1 37 Closing outlets (end FY 12) 1,638 62 1,576 Average trading pubs* 1,557 Average weekly take* £22.8k Note: Lodges attached to sit
Slide 4: FY 2012 - Financial covenants summary
FY 2012 - Financial covenants summary Securitisation Restricted Payment Tests Test Actual Headroom (Relevant Year) Free Cash flow to Debt Service 1.3x 1.6x £56m EBITDA to Debt Service 1.7x 2.0x £53m Securitisation Covenants Covenant Actual Headroom (Relevant Year) Free Cash flow to Debt Service 1.1x