Lok'nStore Group Plc

Results for the year ended 31 July 2022

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Lok'nStore Group Plc Investor Presentation - Results for the Year ended 31 July 2022

Lok'nStore Results Highlights

Year ended 31 July 2022

  • Group Revenue £26.9 million up 22.9%
    • Same store up 30.7%
  • Group Adjusted EBITDA £16.35 million up 37.5%
    • Same store up 39.1%

(See appendix 1 for all Headline and Same-store revenue and profits)

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Lok'nStore Group Plc Investor Presentation - Results for the Year ended 31 July 2022

Strong underlying revenue and profit growth - enhanced by one-off items

  • £5.7 million of exceptional operating profit includes fair value gain on sale and managed back of 4 mature stores sold at half year
  • Non-recurringmanagement fees £1.47 million, up 217%

(See appendix 2 for analysis of underlying business)

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Lok'nStore Group Plc Investor Presentation - Results for the Year ended 31 July 2022

More Highlights -

Increasing Asset and Dividend

Growth

  • Adjusted Net Asset Value per share up 33.0% to £9.72
  • Cash available for Distribution (CAD) per share 38.74 pence up 36.7%
  • Full year dividend 17.25p per share up 15.0% - 11th consecutive year of growth
  • CAD covers annual dividend 2.24 times

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Lok'nStore Group Plc Investor Presentation - Results for the Year ended 31 July 2022

Excellent Operating Metrics

  • Two-thirdsof stores over 80% occupied at year end
  • Same store Unit Occupied space broadly level yoy
  • Achieved rate per sq.ft £25.62 up 13.0% yoy
  • Rates to new customers now 10.0% above current achieved rate

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Disclaimer

Lok'n Store Group plc published this content on 28 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 11:40:27 UTC.