Viva Leisure (ASX: $VVA) Trading Update

Viva Leisure Limited (ASX: $VVA) has completed its first acquisition as part of the HY2024 results release, funded through existing debt facilities. The company now operates 170 corporate locations and has experienced a strong start to H2 FY2024, with over 2,000 organic net member enrolments in February 2024. The total corporate membership has exceeded 191,000, and the total network membership has surpassed 363,000.

Viva Leisure CEO and Managing Director, Harry Konstantinou, on Company's Performance

Our operational performance in the first two months of H2 FY2024 has been really strong, further confirming the lifestyle and non-discretionary nature of this industry. The strong momentum in net member movements reflects the strength and appeal of our offerings across all business divisions. The growth in corporate and total network memberships underscores our market leadership and the trust our members place in us. As we progress further into FY2024, we are excited about the significant growth potential from greenfield and acquisition opportunities. The Company's unique position to identify, acquire, and efficiently integrate while creating synergies continues to be unparalleled. With a track record of successfully completing and integrating more than 70 acquisitions in the last five years, our self-developed, proprietary systems in access control, billing, and membership management significantly diminish our dependence on external parties. This not only minimises integration risks but also accelerates the entire process.

Viva Leisure's Acquisition and Membership Momentum

Viva Leisure has successfully completed its first acquisition identified as part of the HY2024 results release, resulting in the increase of corporate operating locations to 170. The company has experienced a strong start to H2 FY2024, with over 2,000 organic net member enrolments in February 2024. The total corporate membership now exceeds 191,000, and the total network membership surpasses 363,000. Viva Leisure reaffirms its FY2024 guidance of revenue of $162 million to $164 million and EBITDA of $35 million to $35.5 million. The CEO and Managing Director, Harry Konstantinou, expressed excitement about the significant growth potential from greenfield and acquisition opportunities, highlighting the company's unique position to identify, acquire, and efficiently integrate while creating synergies. Viva Leisure's self-developed, proprietary systems significantly diminish integration risks and accelerate the entire process.