SATS ASA: Capital markets day – Strong starting point for the road ahead with a record high member base of 708 000 members

SATS ASA (“the Company”) is hosting its inaugural Capital Markets Day today 28 October 2022 in Oslo, Norway.

The presentation, starting at 09.00, will be held at SATS Colosseum, but will also be available as a live webcast. The agenda and webcast can be accessed at:

https://satsgroup.com/reports-presentations/capital-markets-day/

The Company’s long-term strategy remains, but short-term measures are implemented to fully recover the member base to pre-pandemic levels and handle the challenging macroeconomic situation. As of now, SATS does not see any signs of weaker consumer sentiment but is affected by inflationary pressure in general and especially the higher energy prices.

The fitness industry does not look fundamentally different than it did prior to the pandemic. The combination of the increasing focus on living a healthy lifestyle and SATS’ strong position is promising for the road ahead. An important step in the right direction was made during the third quarter, as the Company proved its ability to grow the number of members per club, with a net growth of 36 000 members. The quarter ended with a record high member base of 708 000 members.

In the short term, SATS will prioritize initiatives to grow the member base per club, as well as counteracting inflation with increased average revenue per member, cost discipline, and operational leverage.

In the long term, the Company sees many opportunities for continued club rollout and expansion of adjacent products and services, as well as further increases in the member base per club beyond pre-pandemic levels. With this, SATS aims to lay brick-by-brick towards an Adj. EBITDA margin of 20%.

Please find the Capital Markets Day presentation in the original stock exchange announcement and on the Company’s website.

Investor Relations:

Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195

Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259

Press:

Sebastian Kvarme, Press Contact, phone: +47 992 74 471

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.