Mitchells & Butlers plc · LSE:MAB
Mitchells & Butlers — FY2013 Earnings Presentation
5 slides from Mitchells & Butlers's earnings presentation, Nov 26, 2013
Slide 1: Supplementary slides - Full Year Results 2013
Supplementary slides Full Year Results 2013 26 November 2013 1
Slide 2: FY 2013 - Outlet numbers by market segment
FY 2013 - Outlet numbers by market segment Special: Market size £22bn Browns 27 Miller & Carter 29 Country Pubs 314 Upmarket social: Family: Market size £8bn Market size £5bn All Bar One 47 Harvester 210 Alex 40 Toby 154 Castle 97 Nicholson’s 77 Heartland: Everyday social: Market size £4bn Market si
Slide 3: FY 2013 - Outlet reconciliation
FY 2013 - Outlet reconciliation Total MAB Franchised Total Managed Closing outlets (end FY 12) 1,638 62 1,576 Transfers Disposals (5) (2) (3) Acquisitions 16 16 Closing outlets (end FY 13) 1,649 60 1,589 Average trading pubs* 1,581 FY average weekly take* £22.9k Note: Lodges attached to sites do not
Slide 4: FY 2013 - Financial covenants summary
FY 2013 - Financial covenants summary Securitisation Restricted Payment Tests Test Actual Headroom (Relevant Year) Free Cash flow to Debt Service 1.3x 1.6x £60m EBITDA to Debt Service 1.7x 2.0x £55m Securitisation Covenants Covenant Actual Headroom (Relevant Year) Free Cash flow to Debt Service 1.1x
Slide 5: FY 2013 - Securitisation profile
Amortisation Annual Cash Interest Annual Sep-36 Sep-35 Sep-34 Sep-33 Sep-32 Sep-31 FY 2013 - Securitisation profile Sep-30 Sep-29 Securitisation profile Annual debt service Sep-28 Sep-27 Sep-26 5 Sep-25 Sep-24 Sep-23 Sep-22 Sep-21 Sep-20 Sep-19 Sep-18 Sep-17 Sep-16 Sep-15 Sep-14 Sep-13 £ms 0 50 250