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Whitbread PLC David Lloyd Leisure, Europe

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

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  1. Whitbread PLCDavid Lloyd Leisure, Europe Acquisition of Cannons Health and Fitness BV December 2003 enjoy!Whitbread

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

  3. The acquisition establishes David Lloyd Leisure as a key player in the Netherlands racquets, health and fitness club market enjoy!Whitbread

  4. 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

  5. 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

  6. Cannons BVRevenue mix

  7. Cannons BVMembership mix

  8. Membership retention

  9. Group impact • Existing clubs ROCE & EPS enhancing by 2005/6* • Existing clubs ROCE >15% by 2005/6* *planned

  10. The market

  11. Private fitness club market(Netherlands) Source: Deloitte & Touche/Whitbread

  12. Tennis, health & fitness Pelikaaan – 3 clubs Jisselque – 2 clubs Health & fitness Tai Jai – 15 clubs Fitness First – 11 clubs The competition

  13. The clubs  Existing club Development club  Amsterdam  Utrecht   Rotterdam   Dordrecht  Eindhoven

  14. Racquets, health & fitness clubs

  15. Health & fitness clubs

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

  17. Development clubs

  18. Club ownership models

  19. David Lloyd LeisureEuropean perspective

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