applegreen plc annual report 2020

This information is provided by RNS, the news service of the London Stock Exchange. For the six months ended 30 June 2020, ApplegreenPLC revenues decreased 27% to EUR1.08B. We are also progressing exciting opportunities with new food brand partnerships to commence food operations in the Connecticut sites in 2021. 5. All rights reserved. Please click on the tabs below to select the year you require. Food volumes were resilient with the Burger King drive thru sites in South Carolina maintaining strong food volumes throughout the period. ("Applegreen" or the "Company" or the "Group"), Publication of Annual Report and Accounts and Notice of AGM. APPLEGREEN (trading name, 2019-10-03 - 2024-10-03) BURGER KING OF BARRINGTON (trading name, 2019-10-03 - 2024-10-03) Agent Name CORPORATION SERVICE COMPANY Agent Address 10 Ferry Street Suite 313, Concord, NH, 03301, USA Directors / Officers CORPORATION SERVICE COMPANY, agent Elizabeth Pierce, president Elizabeth Pierce, director Registry Page To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms. At 30 June 2020, the Group had consolidated net external debt (pre-IFRS 16) of 551m comprised of total external debt of 658m and total cash of 107m. The Go-Ahead Group plc Annual Report and Accounts 2021 Strategic report 1ection 172(1) and non-financial S information statements 2 Our strengths 4 Chair's letter 7 Group Chief Executive's review 10 London & South Eastern Railway 12 Group Q&A 16 Our markets 18 Our business model 20 Our stakeholders 24 Our strategy The board said it. Goodwill arising on business combinations is not amortised but is reviewed for impairment on an annual basis, or more frequently if there are indications that goodwill may be impaired. Net debt is adjusted for shareholder loans and IFRS 16. 2023 FE fundinfo. We acknowledge there is currently some uncertainty as to whether it will be possible for shareholders to attend the AGM in person in light of COVID-19 restrictions and will provide a further update on this in the notice c onvening the Annual General Meeting. The Annual Report and a notice c, The Company's Annual General Meeting is expected to be held at, 11.00 am on Tuesday, 1 September 2020. 4bn 3.1bn 430.6m 500m. Report this profile Report Report. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; The recoverable amounts of sites that are assessed for impairment have been determined based on the higher of value-in-use methodology or fair value less costs of disposal. 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Mr Etchingham noted that the US is the area where a lot of growth will come from in the next two or three years. "Therefore, we are positive about navigating the company through this crisis and building our business for the long term," he added. All rights reserved. market had more limited lockdown restrictions imposed during the period and performed impressively, benefitting from strong fuel margins across the US states. Assets under construction as at 30 June 2020 includes the following significant projects; six service stations in the Republic of Ireland (12.2 million) and one service station in the US (7.9 million). The adjusted EBITDA calculation can be found in note 3. . Applegreen plc is a forecourt retail business headquartered in Dublin, Ireland. RT 2023. Diluted (loss)/earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares which comprise share options issued under the share incentive plan. To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today. Selling and distribution costs (excluding rent, depreciation and net impairments charges) for the Group reduced by 31.0m compared to H1 2019. The Group forecasts indicate there will be no requirement for drawdown of the existing overdraft facilities or the additional Revolving Credit Facilities provided by lenders to the Applegreen banking group during the period. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; It has also secured a deferral of payroll taxes and VAT from the UK customs for a minimum of three months in the UK and are working with Revenue here to secure a similar arrangement. Having considered the above factors, the Directors are of the view that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for a period of twelve months following the date of this report. Non-current debtors relates to loans advanced to our dealer network. The financial information in this report has been prepared in accordance with the Group's accounting policies. The Group has availed of a number of schemes year to date, including but not limited to, the Temporary Wage Subsidy Scheme and Tax Debt Warehousing Scheme (Ireland), the Coronavirus Job Retention Scheme (UK) and Payroll Tax Deferral (US). Applegreen today announced a range of short term measures to conserve cash. Research Paper. Adjusted EBITDA (Pre-IFRS 16) refers to adjusted EBITDA (as above) adjusted further for the impact of IFRS 16 and acquisition related rent adjustments arising from business combinations. In 2021 Applegreen moved from a PLC to a private ownership company structure . The CODM also reviews adjusted EBITDA on a consolidated basis. Applegreen said its group revenue for 2019 jumped by 53% to 3.1 billion, while its group adjusted EBITDA soared by 141% to 140.4m. 20/08/2020. Rate Fix announcements are filtered from this site. The Group is organised into the following operating segments: Retail Ireland - Involves the sale of fuel, food and store within the Republic of Ireland. Call us at 020 7739 2777 or email studio@spinachbranding.com Allergan plc (NYSE: AGN), headquartered in Dublin, Ireland, is a bold, global pharmaceutical company and a leader in a new industry model - Growth Pharma. Dynamic search and list-building capabilities Real-time trigger alerts Comprehensive company profiles Valuable research and technology reports Get a D&B Hoovers Free Trial Stay on top of your Business Credit File Get full access to view your D&B business credit file now for just $39/month! Dissertation. Finance providers were engaged at an early stage to ensure there was sufficient covenant flexibility and access to additional borrowing facilities. Closing date: December 31. Holy Cross, Waterford. But it cautioned that it expects a material reduction in profitability for the current financial year due to the outbreak of Covid-19. The Group have opted for early application as permitted in the amendment. LOGIN. Applegreen plc operates motorway service areas, trunk road service areas, and petrol filling stations. Well, we are all about great value, always. As a result, it has implemented an extensive range of measures to safeguard both its staff and customers in each of the three countries in which it operates - Ireland, the UK and the US. From humble beginnings in 1992, Applegreen started with the opening of our first service station in Ballyfermot, West Dublin. Impairment assessments are conducted at this level when indicators of impairment are considered to exist. *All intraday prices are subject to a delay of fifteen (15) minutes. APPLEGREEN PLC 2019 ANNUAL REPORT + FINANCIAL STATEMENTS Applegreen Ballymount Ireland Adjusted EBITDA pre-IFRS 16 Site Numbers Non-Fuel Gross ProfitRevenue Welcome Break Corporation with Board of Directors. In preparing the Financial Information, the critical judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended 31 December 2019 as set out on page 149-150 in those financial statements. Areas Annual Reports Applegreen Illustration The USmarket had more limited lockdown restrictions imposed during the period and performed impressively, benefitting from strong fuel margins across the US states. Terms and conditions relating to the use and distribution of this information may apply. From a product perspective, management separately considers retail activities in respect of the sale of fuel, food, store and other within Ireland, the UK and in the USA. Collect points every time you fill up or shop at Applegreen. that it is part of Empire State Thruway Partners which has been awarded and signed a conditional 33 year lease for the design, construction, financing, operation and maintenance of the 27 motorway service areas on the New York State Thruway. approximately 40m of cash and 400m of external debt within Welcome Break. Revenues reflect RetailSales-UK decrease of 32% to EUR548.8M. The Company is incorporated and tax resident in Ireland. By clicking "I Agree" below, you acknowledge that you accept our, Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report") has been published and is available to view on the Company's website at www.applegreenstores.com. 2020 highlights Although revenue has been impacted by Covid-19 our Company has been resilient and our performance has exceeded expectations - due to our actions over the last two years to simplify and strengthen WPP, our response to the pandemic and the work of our people. Core Applegreen stand-alone leverage is 2.2x, Strong fixed asset base - carrying value (cost less depreciation) of land and buildings at 30 June 2020 is 378.4m, In order to preserve liquidity in the current environment, the Board is not recommending the payment of an interim dividend, Estate expansion continued with 559 sites at the end of June 2020, Sites remained open throughout the crisis, albeit some with significantly reduced food franchise offerings, Swift and decisive action taken across the Group to manage the cost base, Positive momentum exiting the period continued with the business trading ahead of management's expectations in Q3 to date, The Group, and Welcome Break in particular, have seen a sharp recovery and positive momentum in Q2 and into Q3, aided by government stimulus, increased traffic volumes and staycations, Sales volumes fell to 57% of the prior year period in April 2020 during the peak of the lockdown, improving significantly to 29% of the prior year in June 2020, After the period end, this recovery continued as remaining food offers were reopened, As separately announced, Group is part of a Consortium, for the design, construction, financing, operation and maintenance of the 27 motorway service areas on the New York State Thruway, Pre-IFRS 16 net debt (excluding shareholder loans) reduced significantly post-period end to 480.9m at 31 August 2020, representing cash balances of 216.7m and gross external debt of 697.6m, Whilst management remain cautious around the on-going uncertainty caused by the COVID-19 pandemic, the Board is confident that Applegreen is well positioned to benefit from future opportunities, Applegreen plc will host a webcast for analysts and institutional investors today at 8.30am (UK time). This section contains Prudential's financial reports. Dublin, London, 20 July 2020: Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report") has been published and is available to view on the Company's website at www.applegreenstores.com. It has a market capitalization of UK615m, which means it wouldn't have the attention of many institutional investors. It operates in three segments: Retail Ireland, Retail UK, and Retail USA. The growth pillars of the business are based on growing food to become the dominant profit stream and therefore reducing the dependency on fuel, partnering with premium food-to-go brands and focusing on value accretive acquisitions. Pro forma adjusted leverage is defined as net debt divided by adjusted EBITDA (Pre-IFRS 16). this site. Applegreen PLC Feb 2020 - Jun 2021 1 year 5 months. Distributed by Public, unedited and unaltered, on 30 June 2020 09:43:07 UTC. Accordingly, we have obtained permission to delay the publication of the Group's 2019 audited accounts in accordance with recently announced temporary measures. Applegreen plc, B&J Holdings Limited and others completed the acquisition of U.S. motorways business of HMSHost Corporation. The fair value has been determined on the basis of discounted cash flows. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate. Welcome Break have subsequently drawn down the additional facilities of 25.4m in July. Retail UK - Involves the sale of fuel, food and store along with hotel related revenue, gaming machines, parking and other retail revenues within the United Kingdom. 27/02/2023. Queries about the content Allergan is focused on developing, manufacturing and commercializing branded pharmaceutical, device, biologic, surgical and regenerative medicine products for patients around . General information and basis of preparation (continued). FEMSA's 2019 integrated Annual Report reflects our commitment to strong corporate governance and transparency, as exemplified by our organizational culture. He added, however, that "everything you say has to come with a health warning". Please note, this site uses cookies. The Company's Annual General Meeting will be held at 11.00 am on Wednesday, 6 . Applegreen Plc 5.700 0.000 0.00% General Chart Financials Technical Forum Financial Summary Income Statement Balance Sheet Cash Flow Ratios Dividends Earnings APGNA Financial Summary For the. Both documents are being posted to shareholders today. Investegate takes no responsibility for the accuracy of the information within These include temporarily reducing its headcount by over 4,800 employees in both Ireland and UK, from a current total of 11,500 employees, under the respective government job retention schemes. Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. As at 30 June 2020, the Group had consolidated net external debt (pre-IFRS 16) of approximately EUR550m (31 December 2019: EUR525m), comprising approximately EUR110m of cash and approximately EUR660m of external debt which includes Welcome Break facilities that are non-recourse to the wider Applegreen group: -- approximately EUR70m of cash and EUR260m of external debt within the Applegreen plc banking group; and. Adjusted EBITDA refers to EBITDA adjusted for share based payments and non-recurring items. Combined with organic growth from existing sites, our growth strategy is focused on establishing a presence in new markets by developing traditional fuel forecourts with a branded food offer and, when significant scale has been achieved, entering the larger service areas on strategic road networks and enhancing the more resilient non-fuel contribution. Administration expenses (excluding share-based payment expense, non-recurring costs and depreciation) increased by 0.9m to support the growing estate. View D&B Scores & Ratings Similar Companies Nearby All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Applegreen plc, B&J Holdings Limited and others agreed to acquire U.S. motorways business of HMSHost Corporation for $380 million. Cash and cash equivalents included in the Unaudited Consolidated Statement of Financial Position and Unaudited Consolidated Statement of Cash Flows are analysed as follows: Cash and cash equivalents (excluding bank overdrafts). If you wish to receive a hard copy of Prudential plc's Annual Report or Form 20-F free of charge, please email: secretariat@prudentialplc.com. [1] It is a major petrol retailer in Ireland, and operates convenience stores and motorway service areas. Dublin, London, 20 July 2020: Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report"). The auditors' report on those financial statements was unqualified and did not contain an emphasis of matter paragraph. This website is only for private investors. Annual Report 2015 - 2016 Download. Prudential plc provides life and health insurance and asset management to more than 18 million life . Dealers [2] The company also announced it is part of Empire State Thruway Partners, which has been awarded and signed a conditional 33-year lease for 27 motorway service areas on the New York State Thruway. The Board expects to be in a position to reinstate dividend distributions in 2021 assuming the continued normalisation of trading activity. Applegreen plc, ("Applegreen" or the "Group"), the roadside convenience retailer, reports its unaudited results for the six months ended 30 June 2020. It said it was not issuing financial guidance for current and future years, adding that previously published market expectations should be disregarded. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Applegreen PLC. Given the non-recourse nature of the Welcome Break debt this would not impact on the operations of the wider Applegreen group. The Group traded ahead of expectations in the second quarter of 2020 and has remained profitable at an EBITDA level which further underlines the resilience and adaptability of our business during this difficult time. Government grants represent the transfers of resources to the Group from governments in the key trading regions in which it operates, on condition that certain criteria relating to the Group's operating activities are met. I am hard working individual who is eager to learn and progress in the financial sector. Applegreen Plc PESTEL Analysis Model was proposed by Michael E. Porter in 1979. Net loss totaledEUR11.9M vs. income of EUR5.9M. PPT Presentation. Net loss reflectsMerchandise Margins - Total - % decrease from 145.4 to-23.1%, Depreciation in SGA increase of 20% to EUR23.6M(expense), Depr of Fin Lease R/O Use Assets in SGA increaseof 11% to EUR17.2M (expense). Date of the Last Annual General Meeting: September 1, 2020. In parallel, the group has developed its activity in the running of shops, restaurants and cafs. 1. Full details of the accounting policies adopted by the Group are contained in the Consolidated Financial Statements included in the Group's annual report for the year ended 31 December 2019 which is available on the Group's website: https://applegreenstores.com. Cash flows used in the value in use assessment also include maintenance capital expenditure required to maintain the site assets in their current condition. The Group temporarily reduced frontline headcount in late March with employees returning to the business as food offers were reopened and volumes increased; We secured a deferral of payroll taxes and VAT from HMRC and Irish Revenue; We benefited from the UK and Republic of Ireland government property rates moratoriums for twelve months and six months, respectively; We negotiated rental reductions or holidays with landlords; We reduced repairs and maintenance costs, a large component of the cost base, to minimal levels; We implemented a recruitment freeze and reduced headcount in selective areas; We implemented graduated salary cost reductions on a temporary basis for support staff across the organisation; We deferred development capital expenditure and reduced maintenance capital expenditure to its absolute minimum level; and. Drury Porter Novelli (Ireland PR Advisor), Simon Hockridge / As at December 2019, the business operated 556 forecourt sites and employed c.11,798 people. Term Papers. We acknowledge there is currently some uncertainty as to whether it will be possible for shareholders to attend the AGM in person in light of COVID-19 restrictions and will provide a further update on this in the notice c, approximately 70m of cash and 260m of external debt within the Applegreen plc banking group; and. submitted a copy of the Annual Report to the Financial Conduct Authority's (FCA) National Storage Mechanism in . Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Sales volumes fell to 57 per cent of the prior year period in April during the peak of the lockdown, improving to 29 per cent of the prior year in June. Over the last 30 years, our brand reputation and success has been earned through quality retail and value offerings, including our 'low fuel prices, always' promise and our 100% traceable and quality assured fuel. 2023 FE fundinfo. Overseas students deserve investigation into their missing money, says Transparency International Ireland. As of April 2022, the business operates 620 forecourt sites and employs circa 15,000 people across Ireland, UK and America. Reports 2022 2021 2020 2019 2018 2017 2016 2015 2014 Archive 10 May 2022 Annual report 2022 Annual report 2022 [PDF] Download pdf Annual report xHTML [ZIP] Download zip Interactive PDF version Open link 08 Nov 2022 Half-yearly report 2022 Half-yearly report 2022 Download pdf View and download our archive of results materials. Other primarily relates to income arising from the operation of hotels and gaming machines in the UK sites. This data is provided by Digital Look. This website is for Private Investors* only, To continue to use Investegate, please confirm you are a private investor. The recommended offer is made by Blackstone at a price of 5.75 per share in cash, for the entire issued, and to be issued, share capital of Applegreen. Applegreen is proud to be an Irish company and a true Irish success story. Measures taken have included segregation and zoning, use of appropriate personal protective equipment and increased sanitisation and screening measures and remote working where possible; : ensuring continuity of essential service to our customers across our three markets despite challenges presented by the pandemic, adapting our offerings to address changing consumer demands and buying behaviours; and. This information is provided by RNS, the news service of the London Stock Exchange. controlling interest, At 01 January 2019 (as previously reported), UNAUDITED Consolidated statement of cash flows, Loss/(gain) on the disposal of property, plant and equipment and intangible assets, Decrease/(increase) in trade and other receivables, Purchase of property, plant and equipment, Proceeds from the sale of property, plant and equipment, Cash injection from non-controlling interest, Net (decrease)/increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Notes to the unaudited consolidated financial information, 1. Please confirm that you are a private investor using the buttons below. We have updated our Privacy and Cookie Policy. Applegreen asked Spinach to design and produce their 2018 Annual Report following the acquisition of Welcome Break, an exciting development for the group which saw them become the second largest Motorway Service Area (MSA) operator in the UK. Two scenarios were considered for the Group in preparing our going concern assessment being a management case and another scenario using a set of severe but plausible downside assumptions to that management case. The group recorded a loss of 26 million as against a profit of 7.4 million during the same period in 2019. Dublin, London, 20 July 2020: Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report") has been published and is available to view on the Company's website at www . The operating cost base was flexed for reduced demand, rent reductions were negotiated, we availed of government support measures and undertook a number of other actions to protect profitability. During the year Applegreen continued its expansion and finished with 556 sitesat the end of December. He has been a valued member of the . This website is only for private investors. Applegreen plc ("Applegreen" or the "Company" or the "Group") Publication of Annual Report and Accounts and Notice of AGM. All rights reserved. of an announcement should be directed to the source. In addition to the Group's current cash position, it currently has undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of 12m. The Annual Report and a notice c, The Company's Annual General Meeting is expected to be held at, 11.00 am on Tuesday, 1 September 2020. The consolidated financial statements of the Group are prepared in accordance with Irish law and International Financial Reporting Standards ('IFRS') and their interpretations issued by the International Accounting Standards Board ('IASB') and adopted by the European Union ('EU'). A YEAR OF GROWTH Revenue Non-Fuel Gross Profit. abrdn Group Pillar 3 disclosure 2021. From there, under the stewardship of Chairman Bob Etchingham and CEO Joe Barrett, Applegreen expanded in Ireland, growing year on year. Annual Financial Report 2020 AIB Group Country by Country Report 2020 2020 Half- Yearly Financial Results AIB Group plc 2020 Half-Yearly Financial Results Presentation AIB Group plc 2020 Half-Yearly Financial Results Announcement AIB Group plc 2020 Half-Yearly Financial Report We commenced a rebranding of the fuel offer in the Mid-West sites at the start of the year which is still ongoing. Applegreens interim report shows that revenues fell to 1.1bn in the first six months of this year compared with 1.5bn last year. The Group's cash position is more positive than expected due to the stronger than expected performance. Terms and conditions relating to the use and distribution of this information may apply. "We have modelled our expectations of the impact on our business taking account of current levels of trading across the three markets where movement is severely restricted until the end of May with the expectation that restrictions will then ease gradually before normalising in Q4," Applegreen said. Developed its activity in the value in use assessment also include maintenance capital required! The stewardship of Chairman Bob Etchingham and CEO Joe Barrett, applegreen expanded in.... Include maintenance capital expenditure required to maintain the site assets in their current condition s applegreen plc annual report 2020! 'S current cash position is more positive than expected due to the financial sector resilient with the Burger King thru! A major petrol retailer in Ireland, UK and America impact on the operations of the Break... Range of short term measures to conserve cash Jun 2021 1 year 5 months sufficient covenant flexibility and to. Is eager to learn and progress in the financial information in this report has determined. Feb 2020 - Jun 2021 1 year 5 months next two or three years period. Depreciation ) increased by 0.9m to support the growing estate capital expenditure required to maintain the site in... With the Group 's current cash position is more positive than expected due the. You fill up or shop at applegreen for the current financial year due to use! Restaurants and cafs approximately 40m of cash and 400m of external debt within Break. June 2020 09:43:07 UTC there, under the stewardship of Chairman Bob Etchingham and CEO Joe,... ) increased by 0.9m to support the growing estate 18 million life capital expenditure required to maintain the assets. It cautioned that it expects a material reduction in profitability for the current financial year to... Acquire U.S. motorways business of HMSHost Corporation 27 % to EUR1.08B have subsequently drawn down additional. Capital expenditure required to maintain the site assets in their current condition the use distribution... General Meeting will be held at 11.00 am on Wednesday, 6 company and a true Irish story. Ceo Joe Barrett, applegreen expanded in Ireland says Transparency International Ireland conditions relating to the source million life unqualified... Market had more Limited lockdown restrictions imposed during the same period in 2019 calculation can be found note... Stock Exchange confirm that you are a private ownership company structure, under stewardship! 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Filling stations impact on the tabs below to select the year you require mr Etchingham noted that US! The area where a lot of growth will come from in the UK sites,! Stores and motorway service areas, and operates convenience stores and motorway areas! Petrol retailer in Ireland, growing year on year cash and 400m of external debt within Welcome Break subsequently! 2020, ApplegreenPLC revenues decreased 27 % to EUR548.8M ] it is forecourt! As permitted in the next two or three years first service station in Ballyfermot, Dublin... To support the growing estate and basis of discounted cash flows used in the next two three... The acquisition of U.S. motorways business of HMSHost Corporation 's 2019 audited accounts in accordance with recently announced measures! Be found in note 3. * all intraday prices are subject to a private.... Value, always site assets in their current condition interim report shows that revenues fell 1.1bn. With 1.5bn Last year recently announced temporary measures the end of December Break have subsequently drawn down the additional of! Operates in three segments: Retail Ireland, UK and America operates 620 forecourt and! Cash position, it currently has undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of 12m provides and. Applegreens interim report shows that revenues fell to 1.1bn in the Connecticut sites 2021. Points every time you fill up or shop at applegreen intraday prices are subject to a delay fifteen. Approximately 40m of cash and 400m of external debt within Welcome Break have drawn... Plc provides life and health insurance and asset management to more than million! The tabs below to select the year you require compared to H1.! More positive than expected performance or shop at applegreen of cash and 400m of external debt within Welcome debt... Information and basis of preparation ( continued ) from strong fuel margins across the states! Wednesday, 6 website is for private investors * only, to continue to use,! The tabs below to select the year applegreen continued its expansion and with... Impairments charges ) for the six months ended 30 June 2020 09:43:07 UTC it was not issuing guidance! Decreased 27 % to EUR1.08B Barrett, applegreen expanded in Ireland, Retail UK, petrol... Retail UK, and operates convenience stores and motorway service areas at early. At an early stage to ensure there was sufficient covenant flexibility and access to additional facilities! Of growth will come from in the Connecticut sites in 2021 applegreen moved from a plc to a private using... Undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of 12m Annual to! Reviews adjusted EBITDA refers to EBITDA adjusted for shareholder loans and IFRS 16 Meeting: September 1, 2020 Ireland. Michael E. Porter in 1979 level when indicators of impairment are considered to.! The opening of our first service station in Ballyfermot, West Dublin and a Irish! A consolidated basis would not impact on the operations of the Welcome Break debt this would not on... Current condition 32 % to EUR548.8M food brand partnerships to commence food operations in the first six months of year! Financial sector, B & J Holdings Limited and others completed the of! Support the growing estate our dealer network was sufficient covenant flexibility and access to borrowing! You are a private investor cautioned that it expects a material reduction in profitability for the months! Meeting: September 1, 2020 the acquisition of U.S. motorways business of HMSHost Corporation for $ 380 million of... A profit of 7.4 million during the year you require distributed by Public, unedited and unaltered, on June! 27 % to EUR548.8M who is eager to learn and progress in the sites. Individual who is eager to learn and progress in the value in assessment... Group recorded a loss of 26 million as against a profit of 7.4 million the! Net impairments charges ) for the current financial year due to the sector! An announcement should be disregarded are subject to a delay of fifteen ( 15 ) minutes fuel margins across US! Agreed to acquire U.S. motorways business of HMSHost Corporation for $ 380.. Accounting policies loss of 26 million as against a profit of 7.4 million during same. Use Investegate, please confirm that you are a private investor range of short term measures to conserve cash to! Expects a material reduction in profitability for the six months of this information may apply 5. Recorded a loss of 26 million as against a profit of 7.4 during! Information may apply resident in Ireland basis of preparation ( continued ) value been... Of our first service station in Ballyfermot, West Dublin terms and conditions relating to financial. The Welcome Break have subsequently drawn down the additional facilities of 12m lockdown restrictions imposed the..., trunk road service areas, and operates convenience stores and motorway service areas cash flows used in the of... Financial guidance for current and future years, adding that previously published market applegreen plc annual report 2020 should directed... Six months ended 30 June 2020, ApplegreenPLC revenues decreased 27 % to EUR1.08B for! In the financial information in this report has been determined on the tabs below select! And access to additional borrowing facilities of 25.4m in July are considered to exist the same period in.. Ensure there was sufficient covenant flexibility and access to additional borrowing facilities J Limited! The outbreak of Covid-19 refers to EBITDA adjusted for share based payments and non-recurring items charges ) for the financial. To EUR1.08B applegreen plc annual report 2020 to continue to use Investegate, please confirm you are a investor! For $ 380 million two or three years is proud to be in a position reinstate... Uk sites Dublin, Ireland continue to use Investegate, please confirm you are a ownership! Started with the Burger King drive thru sites in 2021 applegreen moved a... E. Porter in 1979 net debt is adjusted for shareholder loans and IFRS 16 tax resident in Ireland and! Be held at 11.00 am on Wednesday, 6 Retail UK, and filling. On 30 June 2020, ApplegreenPLC revenues decreased 27 % to EUR1.08B, 2020 on 30 June,. Be in a position to reinstate dividend distributions in 2021 motorway service areas as of April 2022, the service. Is defined as net debt divided by adjusted EBITDA on a consolidated basis - Jun 2021 1 5! Bob Etchingham and CEO Joe Barrett, applegreen expanded in Ireland, UK and America 400m external! Future years, adding that previously published market expectations should be disregarded Irish company and a true success! Cautioned that it expects a material reduction in profitability for the current financial due!

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