Interim report
Page 1
♡ trainline 3 November 2021 Trainline recovering strongly as passengers return to rail and shift to digital ticketing H1 FY2022 summary financial highlights : £ m unless otherwise stated : Net ticket sales¹ Revenue Adjusted EBITDA² Operating loss Adjusted basic loss per share ( pence ) ³ Basic loss per share ( pence ) ³ 3 Operating free cash flow4 Net debt4 ● Trainline plc Results for the six months ended 31 August 2021 O O H1 FY2022 1,000 78 15 ( 9 ) ( 1.1 ) p ( 1.8 ) p 72 169 H1 FY2021 Results summary for the half : Group net ticket sales of £ 1.0 billion , up 179 % , and revenue of £ 78 million , up 151 % Particularly strong recovery in Q2 - Group net ticket sales recovered to 71 % of same period in FY2020 , the highest level since the COVID pandemic started : 358 31 ( 16 ) ( 43 ) ( 6.2 ) p ( 8.1 ) p ( 80 ) 166 Variance + 179 % + 151 % +31 +34 + 5.1p + 6.3p +152 +3 Top four domestic markets in International ( France , Italy , Germany , Spain ) returned to growth , up 5 % overall versus same period two years ago UK Consumer recovered to 95 % versus the same period two years ago and returned to growth in August 1 Adjusted EBITDA of £ 15 million , returning to profitability vs. £ 16 million loss in H1 last year ; Basic loss per share of 1.8p vs. 8.1p loss in H1 last year Operating free cash flow increased to £ 72 million reflecting return to profitability and working capital inflows as the business recovered , as well as industry settlement payment timing Net debt of £ 169 million , down from £ 241 million six months ago given recovery in trading Strong progress against strategic growth priorities : O Accelerated shift to online and digital tickets ; UK industry online penetration increased to 50 % and eticket penetration to 40 % , with significant runway ahead O Launched features for the ' new commuter ' in UK , including 2 - click rebooking and flexi tickets , converting 26 % more time - checkers5 to customers O Increasing transaction frequency : 29 % increase in customers that transact two or more times a month in UK O Scaling marketing investment as COVID restrictions ease ; highest ever new app customer acquisition and unique monthly active users returning to 30 million O Integrated Trainline into Google Maps for Android users in UK in September O Scaling digital railcards with > 250,000 sold in UK in H1 ; now launched in France