Viva Leisure : Bi-Monthly Presentation (Sept/Oct 2021)

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MARKET BI-MONTHLY UPDATE

PRESENTATION

SEPTEMBER/OCTOBER 2021

17 NOVEMBER 2021

Vi va Lei s ure Li m i ted

AS X : VVA

Important Notice and Disclaimer

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Important information

The information in this presentation is general in nature and does not purport to be complete. It has been prepared by Viva Leisure Limited (the "Company") with due care but no representation or warranty, express or implied, is provided in relation to the accuracy, reliability, fairness or completeness of the information, opinions or conclusions in this presentation. The Company has not verified any of the contents of this presentation. Statements in this presentation are made only as of the date of this presentation unless otherwise stated and the information in this presentation remains subject to change without notice. Neither the Company, nor any Limited Party (as defined below) is responsible for updating, nor undertakes to update, this presentation. Items depicted in photographs and diagrams are not assets of the Company, unless stated.

Not financial product advice or offer

This presentation is for information purposes only and is not a prospectus, product disclosure statement or other offer document under Australian law or the law of any other jurisdiction. This presentation is not financial product or investment advice, a recommendation to acquire securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals. Readers should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek independent legal, taxation and other professional advice appropriate for their jurisdiction. This presentation is not and should not be considered as an offer or invitation of securities. In particular, this document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States.

Financial data

All dollar values are in Australian dollars ($ or A$) unless stated otherwise. Investors should note that this presentation includes unaudited financial information of the Company that has been prepared by the Company for various periods based off management accounts which are subject to review and further adjustments.

Effect of rounding

A number of figures, amounts, percentages, estimates, calculations of value and fractions in this presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this presentation.

Past performance

Past performance and pro-forma financial information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of the Company's views on its future financial performance or condition. Past performance of the Company cannot be relied upon as an indicator of (and provides no guidance as to) future Company performance.

Future performance

This presentation may contain certain 'forward-looking statements'. Forward-looking statements include those containing words such as: 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan', 'consider', 'foresee', 'aim', 'will' and other similar expressions. Any forward-looking statements, opinions and estimates (including forecast financial information) provided in this presentation are based on assumptions and contingencies which are subject to change without notice and involve known and unknown risks and uncertainties and other factors which are beyond the control of the Company. This includes any statements about market and industry trends, which are based on interpretations of current market conditions. Forward-looking statements may include indications, projections, forecasts and guidance on sales, earnings, dividends, distributions and other estimates.

Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which those statements are based. These statements may assume the success of the Company's business strategies.

The success of any of these strategies is subject to uncertainties and contingencies beyond the Company's control, and no assurance can be given that any of the strategies will be effective or that the anticipated benefits from the strategies will be realised in the period for which the forward-looking statement may have been prepared or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements and except as required by law or regulation, the Company assumes no obligation to update these forward-looking statements. To the maximum extent permitted by law, the Company and its related bodies corporate, officers, employees, agents and advisers (the "Limited Parties"):

• disclaim any obligations or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions;
• do not make any representation or warranty, express or implied, as to the accuracy, reliability, fairness or completeness of such information, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and
• disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

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MARKET UPDATE (SEP/OCT 2021)

Contents

Performance Highlights onlyRevenue

Locations useMembers

Segment Updates ersonalGreenfield Locations

Acquisitions Update Glossary

onlyuse ersonal4

Welcome

Welcome to the latest bi-monthly market update from Viva Leisure.

This regular report to the market and our shareholders is designed to provide further insights into the multiple markets and segments within the fitness industry that Viva Leisure operates.

Due to the COVID shutdowns comparing to the Previous Corresponding Period is not a relevant comparison position. Accordingly, and as per the previous report we have compared movement in metrics to the previously reported full year results (June 2021). When possible, we will move to traditional reporting against the period 12 months earlier. The report provides a "Consolidated View" and individual business segment views (Health Clubs, Hiit Republic, and Plus Fitness). Readers can distinguish between the different views by the reference in the left margin of each page if relevant.

• The latest reporting period (September and October 2021) has seen an immediate rebound of the business once locations were permitted to re-open. This is the expected behaviour due to the direct debit nature of the business.
  Membership in October 2021 is less than 1 percent below the pre-COVID June 2021 closing member numbers, effectively back to normal within less than a month of the ACT, NSW and VIC re-opening.

I look forward to the next bi-monthly report where I expect to be in a position to highlight the full run-rate of the business, uninterrupted with COVID lockdowns.

As always, I trust you will find great value from our latest bi-monthly update." Harry Konstantinou, CEO, Viva Leisure Limited

MARKET UPDATE (SEP/OCT 2021)

		COVID-19 Interruptions
				September 2021					October 2021		Clubs
only	ACT	0%	100%			ACT		55%		45%	48
QLD		100%		0%	QLD			100%	0%	17
NSW Metro	0%	100%			NSW Metro		68%		32%	27
	NSW Regional		57%	43%	NSW Regional			100%	0%	12
use	VIC Metro	0%	100%			VIC Metro	6%		94%		13
CONSOLIDATED												5
		VIC Regional		33%	67%	VIC Regional	22%		78%
					Open							122
					21%
						Open	Closed	Closed	38%
				September		October
				2021						2021
											62% Open
				79%
				Closed
5						MARKET UPDATE (SEP/OCT 2021)
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