Mitchells & Butlers PLC (LSE:MAB)

£ 2.605 0.045 (1.76%) Market Cap: 1.55 Bil Enterprise Value: 3.21 Bil PE Ratio: 0 PB Ratio: 0.71 GF Score: 73/100

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Half Year 2021 Mitchells & Butlers PLC Earnings Call Transcript

May 19, 2021 / 08:15AM GMT

Release Date Price: £3.07 (-1.10%)

Transcript

Operator

Ladies and gentlemen, welcome to the Mitchells & Butlers half year results announcement. My name is Simona, and I will be coordinating your call today. (Operator Instructions). I will now hand you over to your host, Phil Urban, Chief Executive Officer at Mitchells & Butlers, to begin. Phil, please go ahead.

Philip Urban

Mitchells & Butlers plc - CEO & Director

Thank you. Good morning, and welcome to the Mitchells & Butlers interims update. I should start by saying we're delighted to be open for business after what has felt like a very long lockdown. As of Monday this week, circa 95% of our business is now trading again and judging by the bookings, which I'll talk about later on, we're in for a busy time. It feels great to be back, and we're excited about the future again for the first time in a long while.

We've split today into 2 sections. Tim Jones, our CFO, will start by taking you through the half year numbers, the balance sheet and our cash position. And I will follow-on and remind you of the roller coaster nature of the last

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