Sites at year end

1

1

2

2

3

Cars per day, blended

31

48

49

59

59

Subscribers at year end

0

210

430

690

1 000

Litres per car

59

53

47

43

40

Recycling rate

62.0%

66.0%

70.0%

72.0%

74.0%

Walk-in washes

972

1 679

2 525

3 376

4 368

Subscriptions

—

381

1 149

2 211

3 518

Ancillary

53

113

202

307

434

Total revenue

1 025

2 174

3 876

5 894

8 320

Site operating costs

(881)

(1 597)

(2 816)

(4 035)

(5 663)

Site-level EBITDA

144

577

1 060

1 859

2 657

Site-level margin

14.0%

26.5%

27.3%

31.5%

31.9%

Group overhead

(570)

(696)

(918)

(1 094)

(1 294)

EBITDA

(426)

(119)

142

765

1 363

EBITDA margin

-41.6%

-5.5%

3.7%

13.0%

16.4%

Pre-opening cost

(78)

—

(83)

—

(88)

Depreciation

(215)

(215)

(444)

(444)

(689)

Interest

(79)

(221)

(321)

(343)

(356)

Taxation

—

—

—

—

—

Profit / (loss) after tax

(798)

(555)

(706)

(22)

230

Operating cash flow

(483)

(92)

112

823

1 356

Capital expenditure, net

(2 015)

—

(2 154)

—

(2 292)

Closing cash

163

642

1 218

1 121

652

Site works, plant and equipment

1 800

1 585

3 295

2 850

4 453

Total assets

1 990

2 282

4 613

4 122

5 317

Loans outstanding

1 340

2 132

2 671

2 093

2 916

Total liabilities

1 388

2 235

2 872

2 403

3 368

Shareholders’ funds

602

47

1 741

1 719

1 949

Debt service cover

n/m

n/m

0.25x

0.83x

1.46x