SATS ASA Capital Markets Day: Well positioned for further growth and value creation

Key highlights to be presented at the CMD:
· SATS has delivered on all key actions outlined at the 2022 CMD - and the outlook for continued growth remains strong
· Clear market leader in a growing market, supported by a powerful health and wellness megatrend
· Superior product offering driven by extensive clusters, prime locations, market-leading group training, high-quality fitness floor and competent employees
· Modern technology and data platform enabling engaging digital member products, operational excellence and strong data-driven decision-making
· New mid-term ambition of NOK 1.1 billion powered by continuous optimization of the existing club portfolio
· High cash conversion of 55%
· Maintenance capex at ~5% of revenues
· New club openings of ~8-12 per year
· Continued solid balance sheet with leverage in the lower end of 1.5-2.0 net debt/EBITDA
· Significant shareholder distributions of at least 50% of net profit through dividends and share buybacks
 
The webcast will be available at https://satsgroup.com/reports-presentations/capital-markets-days/. Questions can be asked via the webcast interface.
 
Please find enclosed the CMD presentation.
 
Investor Relations Contacts:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259
 
Press Contact:
Tina Brodal, Press Contact, phone: +47 938 44 171
 
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. The price and value of securities and any income from them can go down as well as up and you could lose your entire investment. Past performance is not a guide to future performance. Information in this announcement cannot be relied upon as a guide to future performance. The Managers, nor any of their respective affiliates, accept any liability arising from the use of this announcement.
 
This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Stine Klund, Finance and Investor Relations Manager, SATS ASA.