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BASIC - FIT PRESS RELEASE HALF YEAR RESULTS 2021 BASIC - FIT REPORTS STRONG MEMBERSHIP DEVELOPMENT AFTER REOPENING Financial results adversely affected by COVID - 19 - related government measures H1 FINANCIAL HIGHLIGHTS¹ 6 Clubs closed for 81 % of the time , significantly impacting results Revenue decreased to € 53.0 million ( H1 2020 : € 182.5 million ) 6 Underlying EBITDA of minus € 12.5 million ( H1 2020 : € 62.2 million ) Successful equity raise in April ( € 204 million ) and convertible bond issue in June ( € 304 million ) € 497 million available liquidity at end of period 6 8 H1 OPERATIONAL HIGHLIGHTS 8 Clubs reopened in the Netherlands on 19 May ( 211 clubs ) and in France and Belgium ( 640 clubs ) on 9 June Record numbers of joiners after reopening with below average number of leavers Total number of memberships of 2.01 million ( FY 2020 : 2.00 million ) compared to 1.75 million before reopening Total number of clubs increased by 68 in H1 2021 to 973 clubs ( up 142 or 17 % year on year ) 6 6 6 OUTLOOK Ample available liquidity allows for recommencement of execution of growth strategy 6 Net new club openings of approximately 105 to 1,010 in 2021 6 Acceleration of club rollout in 2022 , which will bring us close to our target of 1,250 clubs by the end of 2022 Club opening expectations are based on the assumption that there will be no new significant COVID - 19 related government measures 6 6 Rene Moos , CEO Basic - Fit : The first half of the year was defined by COVID - 19 related government measures . For 81 % of the period we could not welcome our members to our clubs resulting in a significant loss of revenue . In the weeks after reopening , many members quickly came back to our clubs and we saw our membership base increase by more than 250,000 in this short time period . This shows that fitness fulfils a real need and that people are eager to be active again and work on their health and fitness . As a result of the successful equity raise in April and convertible bond issue in June , we ended the period with a comfortable available liquidity position of just below € 500 million . We also came to an agreement with our banks for an amended covenant testing at both year - end 2021 and June 2022 . ¹ Full IFRS reporting is provided in the condensed consolidated interim financial statements and notes to these statements