applegreen plc annual report 2020

applegreen plc annual report 2020

To mark the twenty-first anniversary of the company we worked to create a piece that would reflect and celebrate the journey travelled, but more importantly the journey ahead. RT.ie is the website of Raidi Teilifs ireann, Ireland's National Public Service Media. Block 17, Joyce Way, Parkwest,Dublin 12. This data is provided by Digital Look. . To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms. Trading on margin increases the financial risks. The audit process for these results, and in particular the audit of the Welcome Break business, has been delayed by the impact of COVID-19 and it is now expected that the audited accounts will be published shortly during the course of July. Please click on the tabs below to select the year you require. ROI recovering well with lifting of restrictions, Welcome Break significantly impacted in the period, with a strong recovery as a phased re-opening programme was implemented, Swift and decisive cost reduction actions taken, Mid-West acquisition included in 2020 figures. The impact of COVID-19 on short term trading performance was considered a potential indicator of impairment. Dublin, London, 20 July 2020: Further to its announcement of 30 June 2020, the Company confirms that its annual report and accounts for the year ended 31 December 2019 ("Annual Report") has been published and is available to view on the Company's website at www.applegreenstores.com. Selling and distribution costs (excluding rent, depreciation and net impairments charges) for the Group reduced by 31.0m compared to H1 2019. 17 Joyce Way Parkwest Business Park Dublin 12 D12 F2V3 Ireland Headquarters +353 (0)1 512 4800 Sustainability and TCFD report. Terms and conditions relating to the use and distribution of this information may apply. Changes in lease payments that arise from such rent concessions have been recognised in the Unaudited Consolidated Income Statement. In 2021 Applegreen moved from a PLC to a private ownership company structure in . The Sturbridge Service Area reopened in June 2020 following a knock down and rebuild. As at 30 June 2020, the Group had consolidated net external debt (pre-IFRS 16) of approximately EUR550m (31 December 2019: EUR525m), comprising approximately EUR110m of cash and approximately EUR660m of external debt which includes Welcome Break facilities that are non-recourse to the wider Applegreen group: -- approximately EUR70m of cash and EUR260m of external debt within the Applegreen plc banking group; and. In addition to the Group's current cash position, it currently has undrawn committed facilities totalling 52.5m and undrawn overdraft facilities of 12m. Applegreen Barrington, USA 21ANNUAL REPORT AND FINANCIAL STATEMENTS 2019 STRATEGIC REPORT 20 APPLEGREEN PLC OUR BUSINESS MODEL The Applegreen brand is based on competitive fuel pricing that drives in-store footfall with an innovative food and beverage offer focussed on our customers' needs. In preparing the Financial Information, the critical judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as at and for the year ended 31 December 2019 as set out on page 149-150 in those financial statements. 2023 FE fundinfo. APPLEGREEN (trading name, 2019-10-03 - 2024-10-03) BURGER KING OF BARRINGTON (trading name, 2019-10-03 - 2024-10-03) Agent Name CORPORATION SERVICE COMPANY Agent Address 10 Ferry Street Suite 313, Concord, NH, 03301, USA Directors / Officers CORPORATION SERVICE COMPANY, agent Elizabeth Pierce, president Elizabeth Pierce, director Registry Page Over the last 30 years, our brand reputation and success has been earned through quality retail and value offerings, including our 'low fuel prices, always' promise and our 100% traceable and quality assured fuel. Encouragingly, this recovery has continued over the summer months with the further lifting of restrictions, government stimulus packages and the staycation trend, all of which has improved traffic volumes, said Mr Etchingham. RT 2023. Applegreen said its revenue fell by . RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms & Conditions. Adjusted (loss)/profit before tax is calculated as follows: Adjusted Diluted EPS is calculated using the (loss)/profit for the financial year adjusted for share based payments, non-recurring operating charges, interest on shareholder loans, impairment charges, the impact of IFRS 16, acquisition related amortisation charges and the related non-controlling interest and tax impact on these items divided by the weighted average number of ordinary shares in issue for diluted earnings per share. Distributed by Public, unedited and unaltered, on 30 June 2020 09:43:07 UTC. A YEAR OF GROWTH Revenue Non-Fuel Gross Profit. Weighted average number of ordinary shares for diluted earnings per share ('000), (Loss)/earnings per share - Diluted (cent). However we look forward to the future with growing confidence whilst cognisant of the risks that may still impact the business in the future, it said. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; For this reason, they continue to adopt the going concern basis for preparing the interim financial statements. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy Impairment testing methodology and results. Nestl today published its 2020 Annual Report. 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Diluted (loss)/earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares which comprise share options issued under the share incentive plan. Adjusted EBITDA (Pre-IFRS 16) refers to adjusted EBITDA (as above) adjusted further for the impact of IFRS 16 and acquisition related rent adjustments arising from business combinations. Some of the cookies are essential for parts of the site to operate and have already been set. This information is provided by RNS, the news service of the London Stock Exchange. Investegate takes no responsibility for the accuracy of the information within Our finance providers demonstrated their strong support for the business by approving these additional facilities and waiving or relaxing covenant conditions. The recommended offer is made by Blackstone at a price of 5.75 per share in cash, for the entire issued, and to be issued, share capital of Applegreen. *All intraday prices are subject to a delay of fifteen (15) minutes. of an announcement should be directed to the source. Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. Transparency International Ireland calls for family concerns around Garda Misconduct Review to be addressed. The Group operates a number of service station sites in Ireland, the UK and the USA. During the year Applegreen continued its expansion and finished with 556 sitesat the end of December. Having considered a number of factors including current trading performance, the outcomes of comprehensive forecasting, a range of possible future trading impacts, existing liquidity and amended covenant structures, the Board is confident that the Group is now well positioned with the recovery continuing in each of our markets. Those projections showed that the Group will continue to operate viably. For more related info, FAQs and issues please refer to DearFlip WordPress Flipbook Plugin Help documentation. But it cautioned that it expects a material reduction in profitability for the current financial year due to the outbreak of Covid-19. The preparation of the Financial Information requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. APPLEGREEN PLC 2019 ANNUAL REPORT + FINANCIAL STATEMENTS Applegreen Ballymount Ireland Adjusted EBITDA pre-IFRS 16 Site Numbers Non-Fuel Gross ProfitRevenue Welcome Break right to publish a filtered set of announcements. Through sixteen handcrafted paper cut-out illustrations, illuminated and photographed, we visualised the concept of tangible growth. 20/08/2020. Collect points every time you fill up or shop at Applegreen. Dissertation Proposal. The board said it was not recommending the payment of an interim dividend. The purpose was to assess and evaluate. -2021 You NEED to come back to the office . A further announcement, as appropriate, will be made in due course. From a product perspective, management separately considers retail activities in respect of the sale of fuel, food, store and other within Ireland, the UK and in the USA. We are also progressing exciting opportunities with new food brand partnerships to commence food operations in the Connecticut sites in 2021. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; As a result, it has implemented an extensive range of measures to safeguard both its staff and customers in each of the three countries in which it operates - Ireland, the UK and the US. Measures taken have included segregation and zoning, use of appropriate personal protective equipment and increased sanitisation and screening measures and remote working where possible; : ensuring continuity of essential service to our customers across our three markets despite challenges presented by the pandemic, adapting our offerings to address changing consumer demands and buying behaviours; and. E&B Retail & Distribution. No impairments were identified in 2019. Phone: +353 15124800. 5. In 2019 costs relate to business combination acquisition costs and the upgrade of our financial ERP system. Applegreen plc.17 Joyce WayParkwest Business ParkDublin 12D12 F2V3Ireland, +353 (0)1 512 4884(9:00-12:30, 13:30-16:30)rewards@applegreen.ie. Net debt position comprises current and non-current borrowings (excluding shareholder loans and IFRS 16 lease liabilities) and cash and cash equivalents. Prudential helps people get the most out of life. "We have modelled our expectations of the impact on our business taking account of current levels of trading across the three markets where movement is severely restricted until the end of May with the expectation that restrictions will then ease gradually before normalising in Q4," Applegreen said. Shareholder centre. Applegreen Plc 5.700 0.000 0.00% General Chart Financials Technical Forum Financial Summary Income Statement Balance Sheet Cash Flow Ratios Dividends Earnings APGNA Financial Summary For the. Theyre unwelcome but not unexpected.. Address Applegreen plc. The site has Burger King and Dunkin food outlets, Mobil fuel and an Applegreen retail store. An impairment charge of 1.4 million (30 June 2019: 1.1million) was recognised in the Consolidated Income Statement within selling and distribution costs. The Welcome Break business, which we anticipated would be the most heavily impacted part of the estate because of its dependence on motorway volumes, traded in line with Management's expectations for the second quarter and trading continues to improve as restrictions are lifted. The group said it traded strongly and in line with management expectations for the first 10 weeks of 2020. 4. By clicking "I Agree" below, you acknowledge that you accept our, Group Revenue of 1.1bn, reflecting a sales reduction of 26.6% from the impact of COVID-19 lockdown restrictions (H1 2019: 1.5bn), Group adjusted EBITDA (pre-IFRS 16) of 25.3m (H1 2019: 58.9m), Adjusted EBITDA excluding Welcome Break (pre-IFRS 16) of 29.4m which represents +11% growth YOY (H1 2019: 26.5m), Targeted investment in the estate with capital expenditure of 24.9m, Group net debt of 550.7m (pre-IFRS 16) (31 Dec 2019: 525.5m) represents leverage of 5.2x. To help mitigate some of this impact, the Group took swift and decisive action to protect profitability and protect cash. County Louth, Ireland Barmaid . Fuel forecourt and service station operator Applegreen has reported higher profits and revenues for the year to the end of December. You can help us help them by donating today. Cash and cash equivalents included in the Unaudited Consolidated Statement of Financial Position and Unaudited Consolidated Statement of Cash Flows are analysed as follows: Cash and cash equivalents (excluding bank overdrafts). A total of two groups (2019: 2) of CGUs have been identified and these are analysed below. 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2022 Abridged report PDF (5.29 MB) Group annual report - Integrated and strategic report . The fair values of non-current trade and other receivables is equivalent to their carrying value. Financial insights and latest news of Applegreen Plc. 4bn 3.1bn 430.6m 500m. abrdn Group Pillar 3 disclosure 2021. Applegreen Plc (APGNA) Ireland Create Alert Add to Watchlist Applegreen Plc historical data, for real-time data please try another search 5.700 0.000 0.00% 09/03 - Delayed Data. The growth rate used does not exceed the long-term average growth rate in the United Kingdom, the country in which both CGUs operate. Applegreen plc is a high growth roadside convenience retail business operating in Ireland, the United Kingdom and North America. At 30 June 2020, the Group had consolidated net external debt (pre-IFRS 16) of 551m comprised of total external debt of 658m and total cash of 107m. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. Pro forma adjusted leverage is defined as net debt divided by adjusted EBITDA (Pre-IFRS 16). The key financial terms used by the Group in this report are as follows: EBITDA is defined as earnings before interest, tax, depreciation, amortisation and impairment charges. It has also secured a deferral of payroll taxes and VAT from the UK customs for a minimum of three months in the UK and are working with Revenue here to secure a similar arrangement. Chairman's statement 2020 has been an extraordinarily difficult period for the hospitality industry, which has arguably been more affected by the repercussions of Covid-19 pandemic than almost any other sector. General information and basis of preparation. "That scenario sees a significant impact on working capital during April and May with a levelling off in June and improving thereafter. Applegreen plc is a petrol forecourt retailer in the Republic of Ireland and the United Kingdom. Investegate reserves the Applegreen said its group revenue for 2019 jumped by 53% to 3.1 billion, while its group adjusted EBITDA soared by 141% to 140.4m. : protecting the health and wellbeing of employees has been prioritised at all times. Dynamic search and list-building capabilities Real-time trigger alerts Comprehensive company profiles Valuable research and technology reports Get a D&B Hoovers Free Trial Stay on top of your Business Credit File Get full access to view your D&B business credit file now for just $39/month! 3. 2023 FE fundinfo. Actual results could differ materially from these estimates. Ahead of the highly-anticipated return of Game of Thrones this April, we can raise a glass to the Game of Thrones Single Malt Scotch Whisky Collection as it officially hits stores across certain European countries. The award is subject to successful completion of a financial plan by the Consortium members and the subsequent approval of the financial plan by theNew York StateThruway Authority and approval of the final agreement by theNew York StateOffice of the State Comptroller and by theNew York StateAttorney General. The Group forecasts indicate there will be no requirement for drawdown of the existing overdraft facilities or the additional Revolving Credit Facilities provided by lenders to the Applegreen banking group during the period. Applegreen is proud to be an Irish company and a true Irish success story. Wherever you are. The board said it. 2020 Annual Report. Fusion Mediaandany provider of the data contained in this websitewill not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. Results & Presentations. The official website for the company is applegreenstores.com. Annual Report for Irish forecourt retailer. Obtains access to the information in a personal capacity; All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. The Go-Ahead Group plc Annual Report and Accounts 2021 Strategic report 1ection 172(1) and non-financial S information statements 2 Our strengths 4 Chair's letter 7 Group Chief Executive's review 10 London & South Eastern Railway 12 Group Q&A 16 Our markets 18 Our business model 20 Our stakeholders 24 Our strategy Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; Applegreen plc ('the Company') is a company incorporated in the Republic of Ireland. -. We make healthcare affordable and accessible, and promote financial inclusion. So far in 2020, Applegreen's shares have risen 15%. To this day, Applegreen is still under the guardianship of Bob and Joe and supported by our dedicated team in our headquarters in Dublin. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; Latest annual report and accounts. . Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds; Download pdf. 92.6m cash and 437.8m external debt within Welcome Break. Are you passionate about food and a customer service champion? 2021 Annual Report: Digital & Data Acceleration Read about the latest developments at Informa including our 2021 financial results, the 2021-2024 Growth Acceleration Plan II, the activities of our Board and many customer and colleague highlights in our 2021 Annual Report Strategic Report Governance Report Financial Statements Applegreens interim report shows that revenues fell to 1.1bn in the first six months of this year compared with 1.5bn last year. Cash and cash equivalents include the following for the purposes of the statement of cash flows: On 8 September 2020 the Group announcedthat it is part ofEmpire StateThruway Partners (the "Consortium"), which has been awarded and signed a conditional 33 year lease for the design, construction, financing, operation and maintenance of the 27 motorway service areas on theNew York StateThruway. By using this site, you agree to use the content for private use only. The Interim Financial Information does not constitute statutory financial statements. The Group considers each individual site as a cash generating unit (CGU) for the purpose of impairment assessment in accordance with IAS 36 'Impairment of assets'. (1) Non recurring charges in 2020 include costs that relate to business combination acquisition costs and expenses incurred in relation to COVID-19. Furthermore, Management expectations indicate a comfortable level of headroom over the revised covenants in both the Applegreen and Welcome Break facilities. LowFuelcard, the smartest way to fuel your business. This website is for Private Investors* only, To continue to use Investegate, please confirm you are a private investor. Dec 22 (Reuters) - Applegreen APGNA.L said on Tuesday it would be taken private by a consortium led by its founders and Blackstone Infrastructure Partners in a deal that values the Irish petrol. Latest years. Dissertation. remeasurements of post-employment benefit obligations, Consolidated statement of changes in equity, , the Group had consolidated net external debt (pre-IFRS 16) of 551m comprised of total external debt of 658m and total cash of. The CGUs represent the lowest level at which the associated goodwill is monitored for internal management purposes, and are not larger than the operating segments determined in accordance with IFRS 8. Limited edition Game of Thrones - inspired Single Malt Whisky collection has arrived. London, 22 December 2020 - Blackstone Infrastructure Partners today announced a recommended offer for Applegreen plc. approximately 40m of cash and 400m of external debt within Welcome Break. Calle del Rollo 5 28005 Madrid Espaainfo@multiplestudio.orgBehanceLinkedinInstagramPrivacyCookies. Investec Bank plc annual report PDF (4.02 MB) Investec Bank Limited annual report PDF (2.86 MB) . The announcements are supplied by the denoted source. [1] It is a major petrol retailer in Ireland, and operates convenience stores and motorway service areas. right to publish a filtered set of announcements. Full details of the accounting policies adopted by the Group are contained in the Consolidated Financial Statements included in the Group's annual report for the year ended 31 December 2019 which is available on the Group's website: https://applegreenstores.com. We seek to protect people's wealth, and help them to grow their assets and save for their goals. * All intraday prices are subject to a private ownership company structure in retail store unaltered on. Parkwest, Dublin 12 commence food operations in the Unaudited Consolidated Income Statement the Connecticut sites in 2021 Applegreen from! +353 ( 0 ) 1 512 4884 ( 9:00-12:30, 13:30-16:30 ) rewards @ applegreen.ie Dublin 12 to! 2019: 2 ) of CGUs have been identified and these are below! 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