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DALATA HOTEL GROUP PLC HY 2021 Interim Results Emerging Strong as Recovery Commences Occupancy levels improving month on month Dermot Crowley to assume role of CEO on 31 October ISE : DHG LSE : DAL Dublin and London | 1 September 2021 : Dalata Hotel Group plc ( " Dalata " or the " Group " ) , the largest hotel operator in Ireland with a growing presence in the United Kingdom , announces its results for the six month period ended 30 June 2021 . Results Summary € million Revenue Segments EBITDAR¹ Adjusted EBITDA¹ Loss before tax Basic loss per share ( cents ) Adjusted basic loss per share¹ ( cents ) Group key performance indicators Occupancy % Average room rate¹ ( € ) RevPAR¹ ( € ) PROTECTING OUR PEOPLE , CASH AND BUSINESS • H1 2021 H1 2020 Variance 39.6 80.8 ( 51.0 % ) 6.7 15.6 ( 57.1 % ) 1.4 10.1 ( 85.8 % ) ( 37.8 ) ( 70.9 ) 46.6 % ( 13.6 ) ( 34.0 ) 60.0 % ( 14.5 ) ( 13.1 ) ( 10.7 % ) H1 2021 H1 2020 Variance 19.9 % 34.3 % 81.99 95.28 ( 13.9 % ) 16.28 32.69 ( 50.2 % ) Hotels now fully re - opened having remained operational for essential services throughout the period in line with government restrictions • Positive Adjusted EBITDA of € 1.4 million driven by strong operational management • Cash outflow² of € 24 million for the first six months • Proactive working capital management and government support schemes allowed us to protect employment within the Group and preserve cash during periods of low occupancies Maintained engagement with our employees enabling the business to effectively ramp up with an engaged workforce as economies re - open WELL - POSITIONED FOR THE RECOVERY • • Increasing demand for staycations since hotels fully re - opened for leisure in May ( UK ) and June ( ROI ) Group occupancy³ of 44 % in June 2021 - increasing to 58 % in July and 68 % in August Strong customer satisfaction scores since re - opening STRONG BALANCE SHEET PROVIDES SECURITY , FLEXIBILITY AND THE ENGINE FOR FUTURE GROWTH • • Robust balance sheet backed by € 1.2 billion in property , plant and equipment ( no significant change to property valuations since 31 December 2020 ) Liquidity remains strong with cash and undrawn committed debt facilities of € 270 million at 30 June 2021 Gearing remains conservative with Net Debt to Value¹ of 27 % ( 31 December 2020 : 23 % ) REMAINING FOCUSED ON LONG - TERM GROWTH • Current pipeline of over 2,600 rooms in prime locations which will see UK footprint surpass Dublin by 2025 Opening of new Maldron Hotel Glasgow City in August 2021 ; further six hotels on track to open by May 2022 Reputation with current and prospective landlords has been enhanced • 1 See Supplementary Financial Information which contains definitions and reconciliations of Alternative Performance Measures ( " APM " ) and other definitions . 2 Cash outflow of € 24 million excludes impact of net receipt of loans and movements in exchange rates . 3 Excludes the Ballsbridge Hotel in Dublin as it is not currently trading and the new Maldron Hotel Glasgow City in the UK which opened in August 2021 . 1