Rank is worth substantially more than 150p per share ... - Rank Group
Rank is worth substantially more than 150p per share ... - Rank Group
Rank is worth substantially more than 150p per share ... - Rank Group
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Excellent Track Record<br />
Momentum Across <strong>Rank</strong>’s Businesses …<br />
• Despite the challenging economic and consumer environment of recent years, <strong>Rank</strong> has delivered<br />
growth across its businesses, highlighting the benefits of o<strong>per</strong>ational improvements, innovation and<br />
investment.<br />
Revenue (£m)<br />
238.6<br />
220.0<br />
206.2<br />
O<strong>per</strong>ating Profit (£m)<br />
36.0<br />
30.9<br />
25.9<br />
775<br />
2008 2009 2010 2008 2009 2010 2008<br />
CAGR: +7.6% 2 CAGR: +17.9% 2<br />
Customers (’000s)<br />
985<br />
1,131<br />
2009 2010<br />
CAGR: +20.8% 2<br />
Key Achievements<br />
99Strong increase in customers –<br />
exceeded 1 million for first time<br />
99Sustained o<strong>per</strong>ating profit margin<br />
expansion<br />
99Significant growth in revenue and<br />
profit<br />
99Continued rollout of highly<br />
successful “G Casino” format<br />
99Estate modern<strong>is</strong>ation through<br />
significant capital investment<br />
Revenue (£m) O<strong>per</strong>ating Profit 1 (£m) Customers (’000s)<br />
233.0 234.5<br />
227.6<br />
898<br />
37.9<br />
881<br />
911<br />
CAGR: +1.5% 2 CAGR: (11.5)% 2 CAGR: +0.7% 2<br />
32.3<br />
29.7<br />
2008 2009 2010 2008 2009 2010 2008 2009 2010<br />
Key Achievements<br />
99Market out<strong>per</strong>formance in difficult<br />
market conditions<br />
99Customer base returned to growth<br />
99Strong improvement in customer<br />
sat<strong>is</strong>faction score<br />
99Innovation on products and formats<br />
99Further improvements to food and<br />
drink<br />
Revenue (£m)<br />
57.7<br />
52.6<br />
50.8<br />
O<strong>per</strong>ating Profit (£m)<br />
7.9<br />
Customers (’000s)<br />
220 212<br />
7.6 7.5<br />
2008 2009 2010 2008 2009 2010 2008 2009<br />
CAGR: +4.7% 2 CAGR: +2.0% 2<br />
261<br />
2010<br />
CAGR: +9.0% 2<br />
Key Achievements<br />
99Sustained revenue growth from<br />
meccabingo.com<br />
99Focused marketing investment to<br />
drive scale<br />
99191% increase in online referrals<br />
from Mecca Bingo clubs<br />
99Launch of Mecca Bingo and Blue<br />
Square iPhone apps<br />
99Focus on offline-online cross-sell and<br />
mobile opportunities<br />
8<br />
¹O<strong>per</strong>ating profit for Mecca Bingo includes impact of tax changes in HM Government’s 2009 Budget related changes in Bingo duty and<br />
VAT which led to incremental taxes of £6.0m in 2009 and £1.7m in 2010.<br />
2<br />
CAGRs relate to 2008-2010.
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