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Ardent Leisure Group Limited ( ACN 628 881 603 ) CONTACT DETAILS Level 8 , 60 Miller Street North Sydney NSW 2060 PO Box 1927 North Sydney NSW 2059 Telephone +61 2 9168 4600 Fax +61 2 9168 4601 www.ardentleisure.com REGISTRY Link Market Services Limited Level 12 , 680 George Street Sydney NSW 2000 Locked Bag A14 Sydney South NSW 1235 Telephone 1300 720 560 registrars@linkmarketservices.com.au ARDENT LEISURE ASX RELEASE 25 February 2021 ARDENT LEISURE REPORTS 29 DECEMBER 2020 HALF YEAR RESULTS • 1H21 statutory results significantly impacted by the COVID - 19 pandemic , with reduced visitation to both Main Event and Theme Parks venues • • Group revenue of $ 137.6 million ( pro forma 1H20¹ : $ 247.0 million ) largely reflects the closure of several Main Event centres and Dreamworld / Whitewater World during the period , as well as ongoing trading and travel restrictions Revenue performance for Main Event exceeded expectations prior to the second wave of COVID - 19 cases in November 2020 • Strong performance from most recent new Main Event centre openings , validating the revised real estate approach developed by our current management team • Group EBITDA loss excluding Specific Items² of $ 19.8 million ( pro forma 1H20 : $ 19.0 million EBITDA profit ) driven primarily by reduced revenue and the semi - fixed nature of operating costs in Main Event • Modest EBITDA loss and positive cash flows in Theme Parks , driven by improved annual pass sales , lower cost base , disciplined approach to capital expenditure and the Jobkeeper wage subsidy • No interim dividend for 1H21 Ardent Leisure Group Limited ( ASX : ALG ) today announced its audited financial results for the half year ended 29 December 2020 . A $ million Revenue EBITDA EBIT Net loss after tax EBITDA excluding Specific Items Reported 1H21 ( 26 weeks ) 1H20 ( 26 weeks ) Pro forma¹ Reported 1H20 ( 27 weeks ) 137.6 247.0 263.0 ( 4.9 ) 38.4 44.2 ( 49.4 ) ( 6.1 ) ( 1.2 ) ( 83.6 ) ( 25.8 ) ( 22.5 ) ( 19.8 ) 19.0 24.8 The Group recorded a net loss after tax of $ 83.6 million for the period ending 29 December 2020 compared to a pro forma 1H20 net loss of $ 25.8 million . The current period was significantly impacted by COVID - 19 , which resulted in reduced visitation to the Group's US and Australian venues and attractions . Total reported revenue ( excluding other income from government grants and subsidies and insurance recoveries ) of $ 137.6 million for the Group decreased by $ 109.4 million on prior period on a pro forma basis , driven primarily by the closure of several Main Event centres and Dreamworld / Whitewater World during the current period as well as ongoing trading and travel restrictions . 1 2 Pro forma results exclude the impact of an extra week of trading in the prior period to enable like - for - like comparison with current period . Refer to the accompanying results presentation and Annual Financial Report for detailed information on Specific Items . Page 1 of 4