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Whitbread PLC David Lloyd Leisure, Europe. Acquisition of Cannons Health and Fitness BV December 2003. enjoy!Whitbread. On December 31 st 2003 David Lloyd Leisure completed the acquisition of Cannons Health and Fitness BV. enjoy!Whitbread.

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whitbread plc david lloyd leisure europe

Whitbread PLCDavid Lloyd Leisure, Europe

Acquisition of Cannons Health and Fitness BV December 2003

enjoy!Whitbread

slide2
On December 31st 2003

David Lloyd Leisure completed the acquisition of Cannons Health and Fitness BV

enjoy!Whitbread

slide3
The acquisition establishes

David Lloyd Leisure as a key player in the Netherlands racquets, health and fitness club market

enjoy!Whitbread

cannons bv fundamentals
Cannons BVFundamentals
  • €31m acquisition
  • €29.3m NBV
  • €15m turnover (estimated) in 2003/4
  • Five clubs in operation
  • Two clubs in development
  • 20,000 members

enjoy!Whitbread

cannons bv revenue mix
Cannons BVRevenue mix
  • €650 revenue per member (mature clubs)
  • Single rate subscription: €75/month
  • Couples rate subscription: €115/month
  • Joining fees: c. €30 per new member in 2003
group impact
Group impact
  • Existing clubs ROCE & EPS enhancing by 2005/6*
  • Existing clubs ROCE >15% by 2005/6*

*planned

private fitness club market netherlands
Private fitness club market(Netherlands)

Source: Deloitte & Touche/Whitbread

the competition
Tennis, health & fitness

Pelikaaan – 3 clubs

Jisselque – 2 clubs

Health & fitness

Tai Jai – 15 clubs

Fitness First – 11 clubs

The competition
the clubs
The clubs

 Existing club

Development club

Amsterdam

Utrecht

Rotterdam

Dordrecht

Eindhoven

development clubs
Development clubs
  • Capelle ad Ijssel (Rotterdam)
    • Racquets, health & fitness
    • Freehold
    • Open 2004
  • Overtoom (Amsterdam)
    • Health & fitness
    • Long lease
    • Open 2004
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