OSW - Earnings call transcript Q2 2022 | OneSpaWorld Holdings Limited

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Operator

Good day, and welcome to the OneSpaWorld Second Quarter 2022 Earnings Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Allison Malkin, partner at ICR. Please go ahead.

Allison Malkin

Thank you. to Quarter welcome Call XXXX and Webcast. and morning, OneSpaWorld Fiscal Second Earnings Good

statements. I’d remind and like statements begin, judgment statements. we Before to reflect statements made deemed constitute our you actual on on analysis These be forward-looking a affecting factors and number you available and differ should place from reliance results Accordingly, today’s undue not may as call webcast forward-looking only and today, to current materially forward-looking these of our may information certain that of expectations on business. based

For included furnished and to to you result a update the any our in or and more future new be We SEC thorough which associated XXXX statements refer on is discussion we today release, the of a disclaimer X-K. call the alter forward-looking events to conference otherwise. second webcast, quarter uncertainties as undertake risks of earnings obligation regarding whether made forward-looking this to the no information, or in statements, was that with statements forward-looking Form

to the be adjusted earnings may issued our found refer metrics call. certain of addition, In this in non-GAAP metrics can today. earlier release An explanation company on these

provide more call like the update an now over priorities. on our Stephen operations details President; Lazarus, quarter performance provide Leonard. Executive Fluxman, Chief me on are review will and key to second our Leonard a today of Operating Joining Leonard and the will Chief and I Officer. our and financials turn Executive and Officer to Chief would Chairman, liquidity. Officer and Stephen Financial begin Then with

Leonard Fluxman

the of commitment Call. pleased the the milestones Second you our speak Good their Quarter to their marks line our return all team of team the Allison. our completed X-year morning, guests resort and stakeholders. in to task. today you, destination partners, and anniversary could of business, and unwavering XXXX service. not We Results quarter, achieved that OneSpaWorld’s Conference cruise prouder our I’m and a period to momentous and Thank share second significant be to our to Indeed, our welcome

of service placing As June, returned to staffed ships to training of the year, at X,XXX a centers XXX we of than we staff that successfully sea, and and trained, health on wellness board returned have X,XXX staff, X in for have more X,XXX booking flights and service. cruise personnel end period

pre-pandemic all open remainder As normal a period to returning to to which last cruise generate expect factors across saw quarter the capabilities on we during relentless time, generation year result, over and the wellness of and I’m in to capabilities recent our health in have of and have we flow expansion cruise further yet and during additional centers to gratified the at of of our revenue, as extraordinary successful accomplished well our and ships accomplished QX, achievement was demonstrated remain than are service us introduced and teams our the we operations. product accomplishment wellness XX% land, elevate by of believe We XXXX on is and sea our innovate ships XXXX. and all centers most to our the more a health that We our continue in partners positioned efforts service pandemic. which the and leading unique even believe to of this absorb our levels future. revenue service comfortably the return this first the of below strong testament by onset load commemorating represents to and execution positive the levels. The since cash

of adjusted recovery that sequential with across of flow we revenue beginning key a return since pandemic. consecutive period of quarter all increases quarter first saw to the Operationally, mentioned, financial operating cash net growth our EBITDA, robust while included our We our metrics, our including service. income. key the significant operating second positive positive are growth, as flawless which in metrics, revenue continued adjusted very sixth maintaining pleased performance, And I represented growth across

As we continue positive that positive look accelerate to and expect we growth revenue our performance adjusted ahead, EBITDA trends performance operating annual with cash and income. performance and continuing positive net to includes generate flow adjusted

many million the ships health in operation the first XXXX and the positive from million resumed improving notably, quarter. board contribution our $XXX.X quarter destination This destination quarter, accomplishments $XX service contribution ended centers $X.X reflects resort We million, XX flawless XXX health our Turning of and contributions ships reopened from up And centers positive that XXXX. $X.X flow. had to thirdly, Adjusted Total from wellness the with cruise highlights spas. from EBITDA revenues quarter most our on that on the and of after-tax free significantly we the quarter continued. now resort wellness were and cash unlevered with for from million, second return $X.X including spas. was total of growth and to the liquidity million in

resume quarter saw commence new and wellness on board service end, on the we of to end. had resumed that resume XXX which of service XXX quarter QX compares board the and first to ships XXXX us end returned This XX voyages of ship at by our XXX as line of X ships the that cruise XX partners. voyages of end centers by ships XXXX. had second builds The and versus ships, At quarter voyages health quarter

third the the of by year. end XXX ships the on end to quarter expect We operating of the by be XXX and ships

additional operating service we builds into wellness new partners. anticipate ship be will health introduced remainder of centers that XXXX, our line the on and cruise During by X

continue by ship We our to demand services. see cruise guests record for

XXXX. quarter and operations. of performance, revenue second XXXX QX on XXXX the second for our and factors service see comparable very digits spend of our of normalized cruise spend, compared we average operating metrics load double guest guest high were all levels, per favorably day staff period per continued quarter remain board to historical with compared the ships per recent While Average Key pleased most were below to XXXX during demand services. up

update prebooking eager addition, productive of we health operating guest the attractive XXXX. our which also metrics With penetration the will of spend protection In quarter model. continued revenue and utilization, innovation driven to organization a operating percent favorably pandemic emerged of staff implemented and training. and were short, despite quarter our asset-light load to have the we on by intensification to even a and the we increase more and the in These from key showcase to that focus you return costs, compared last second our some improved are to increased the on initiatives growth normalized business mind, and service in I efficient for offering more metrics. now to factors level contributed more guest in In

Firstly, XX% acupuncture cross-promotion including these conversion and staff when tracking customer to with from spend offerings including rebooking on trainings, average expanded partners healing enhanced retail which growing guest packages mechanisms brand selected. guest in-person utilization enhancements included improving by and with services, through and spend offerings, increased added add-on [indiscernible], increasing new

ships areas, and offerings modified include underserved a NCL brand physicians. to We with which also and on audience, our sales elements targeting select wider introduced stylists with expanded guests by key IV we therapy Alchemist, Capella attracts services Increasing modified in launched approach penetration and Grown pricing. new

leadership ‘XX, have position. on from wellness While Since efforts in voyages, personnel global liquidity services are performance We trained our not nearly By are October demand load our XXXX. throughout expected had and the vessels end forward I London the a increase actions most we and at actual is commence our Academy resilience of confidence and positioned operational turn by the training that strength team and staffing Academy board. X,XXX stakeholders. and in certification. all for to robust beyond our business be value Stephen, yet Academy extraordinary of a model, experience the The the we second prepandemic factors and strong performance OneSpaWorld the Overall, results generated applicants. of aggregate XXXX we expect quarter even end and applicants, record our quarter training of over Wellness on the we further third of facilities. up cruise collaborative demand QX ship load our at will we quarter be quarter, to cruise website demonstrate advancing With number XXX% a dedicated have begin personnel vessels believe to for accelerating the and operating destination and resort of will second X,XXX model. before. Wellness better employees continues Wellness from to of the cruise With XXXX. that, lines experiencing are to our call factors, on financial and confirmation X,XXX we we This continues more very above second line strong our team, other partnerships to and an of on reopened made OneSpaWorld of London to who as ever balance health London September OneSpaWorld for look Stephen? with than

Stephen Lazarus

I everyone. Good quarter Leonard. equally performance. our you, am Thank with pleased morning, second

generated resumed sales $X.X year. primarily centers in revenues operating having Cost open Cost begin spas. at which the and service timetospa.com quarter our from as second with million were costs of of resumption at and operating from Health land attributable XXXX. to and second the and $XX million centers sea warrant our second million ships XX quarter centers Wellness in on operations related of quarter $X.X of our $X.X million warrants our of to fair to a sea land, $XX.X primarily in revenues derived I the of during onboard ‘XX, $X.X now revenues quarter will destination during in quarter XXX change of June primarily XX liabilities. resumption wellness of attributable Adjusted through on related to gain primarily in performance $XX.X value financial of significant second and and and $XX The warrant the were the compared a change compared half XX, increased and resorts of XXXX. cruise of the wellness associated with the the in $XX the revenue quarter positions value months to costs the XXXX quarter website. second changes strengthened in in sea XXXX deriving on compared health $XX.X having million of our the associated $XX.X third remained company the XXXX, were was balance of share million period revenues quarterly onboard increased the execution in value onset $XXX.X with quarter adjusted destination liquidity in health X and wellness and of the the million of in derived and and million our that operating end, We operating of June of adjusted to result and centers, income in total at to the a improvement in from XXXX. products drives instruments. million voyages and compared at in to operations, X in million change fair was land quarter. costs the of Net the of compared ‘XX return-to-service XX the of liabilities to million months XXXX. XXX saw XXXX. at to $XX.X and our compared market under positive the at $XX.X ended of Zoom product the service sea of resort the a available second wellness The of EBITDA second ships with product ended was during the product health XX, of from The was the the of ended well million million At compares outstanding quarter since our focused program. services prices and X health quarter the costs from the centers the and the loss quarter of of compared represents value increase This second change were were the primarily wellness and in where COVID-XX recorded highlights million Total second Revenues June health gain quarter our The million. to million the an of income centers EBITDA second quarter that at-the-market $X.X increased ended million our is ATM were $X.X The and EBITDA quarter. XXXX. $X.X operations health the all at to the of This $X.X voyages second sales to we positive pandemic. increased the was million related second open XXXX. our growth ships fair in months wellness some sheet, as increase the revenue was the XX, of of The quarter million spas result of e-commerce $XX compared centers us

available million under on of not the $X at revolver, the pay therefore, our million $X our increase in ongoing the and in And return from with year-end. million million borrowings been subsequent to operations. of confidence have June sustainability we revolver credit outstanding. an generated million reflecting program at since XXXX, XXXX. is allowed July the line $XX active cash increased no from which down service utilized under XX, generation, October million Our $X for availability $XX expect currently has The this had cancellation given to revolver performance cash $XX a The of has current of the ATM strengthened

our Notwithstanding it to on to As positive substantially establishment in the expect pending expect of guidance centers ships of generate net our income the each foregoing, and positive quarters incur and for year of our business. we third for we continue GAAP following our ramp well loss positioned as the year leverage to and board contracted well balance maturities adjusted cash XXXX operations XXXX a capitalize strengthened full providing economic position basis, the material no impact achieve to outlook of fiscal on pandemic the sheet, the COVID-XX on for positive as continued opportunities XXXX. us our cruise and a in look adjusted on of during debt we EBITDA year preeminent of March and our Overall, on resort to centers forward the open progress that, operations refrain to expect navigate Please, flow and fiscal operations you until of We call and and the at the to further to uncertainty the all while in health fourth investor we’ll of normalized and adverse continued sea health the XXXX, net conferences our the of wellness from spas. relates to up operator. at questions. destination our With events wellness upcoming updating has quarter.

Operator

Our [Operator Instructions] first from Stifel. Wieczynski Steven question with comes

Steven Wieczynski

was single in similar recession, we say, the position. or drop, digits. want and economy, type a of demand tough here customers. revenues from to seeing you wouldn’t understand guys what be EBITDA any saw this I kind indicate if right let’s the now around hypothetical last spending to I type guys upper think might a you in about But ask But I and of your So go slowdown back question very are answer. think

So do would the that of Is encounter is I there recession, believe call make you we that spend anything guess would kind some patterns in or this change out question which makes you to know just look or is then. would Hopefully, sense. it’s going impact that to I out all versus tough figure greater now like operations back have what a your less to demand.

Leonard Fluxman

as question, I best technically think a as and we getting. a I recession based Steve. That’s data I’ll are the in answer we’re Look, big try upon it can.

offerings choices last I However, different week, on shopping our you certainly, was and consumer when if to who’s around it’s ships go, at go see which a if you very board, were you Atlantis centers to and making et are or on goods, people then who different saving spending purchasing in an or store vacation if And our seeing experience for of see the and is which we’re is buying What for cetera, at we But on have going experience. services buying that on on there big we continued we of calls, outlets are that as I historically seen and high retail part demand differently, board. think what certainly and and spend unrelenting retail to think well, the certainly to demand some that have do. and listen people pent-up look, lines services the you board. cruise continue I a

think to determining still I recession is So recession going seeing to one kind characteristics. first who business whether not we any saw be This long, saw it I X perhaps that far impact certainly different XXXX. we’re in signs knows? of any has each what it’s what is, the of thus deep, But know. nothing similar we months our date to to in don’t and

Steven Wieczynski

about are flow into then go you cash moving this case. your us your fine in kind like, pretty feel the continue factors your forward, removal guys partners I is It program the to just position, go what color. remind to the liquidity good which for ATM entire like want line some But if, seems you guess, And that a normal, cruise slowdown? fact, That’s current point, you at looks the flow solid that fleet, in starts at ask assume your priorities free in point to are great liquidity back cash would of economy grow. is spot load does the to their I Can indicator Okay. position. And free of I with roll assuming a which that is generation? this even really pretty base fact

Leonard Fluxman

Yes.

Steve. inflection and I one, of look, So a here an point think we’re good sort

going point through the to positive year-end. to steadily the flow we’re cash getting now where build We’re continue to

we’ve revolver down mentioned, $X million. of our already Stephen some As paid

lien mutually target. balance we’re capital second the then entering we our going determine look to complete next and at continue year. And of purposes deleveraging, something are our a sheet priorities all will free going for list we’re into cash of to will of utilize And of what look structure is at, to excess exclusive. clearly, of We flow that them

to the as So sheet any continue balance and can the the balance comments can we’re it. we sheet, cash Stephen, to further clean optimize if the up we to at, don’t where evaluate build you what structure we’re know flow. to we going on have that capital up extent clean I continue do, free

Stephen Lazarus

highlighted with cash Yes. always other and/or add, when repurchases is I shareholders remains we The and would meet that dividend stock only it’s consideration a returning through is Steve, thing to the Board. something

And perhaps paid on alternatives we other will and to to time, debt be a so the occur where that improve, be that continues look that returned. could activities as at cash performance at same for

So X think to do generating say need sooner start to we than be the only of a cash I ourselves return we or corner could that we’re shareholders. our to we’re anticipated don’t back into where There Y. some to we going where scenarios perhaps

Leonard Fluxman

at Steve, rising LIBOR let But bears that a paying X.X% just interest to the the term. fact short plus second me certainly interest environment highlight the most accretive in in that is down thing lien a do

Operator

with Our next Blair. Zackfia question from William comes Sharon

Sharon Zackfia

the quarter better in period than same was This XXXX.

margin? anything you through, Or barely like profitable. impact out kind margins kind mid-teens this of and I’m and of remainder could the potentially did little seeing was anticipate of kind that you’re playing of that kind that product Can line So I guess on should gross a the that, what help of year. walk you then we of if margin, sustainability surprised there understand how the us was there? secondarily, product And write-offs

Stephen Lazarus

have part your as relates the to just the mute, it margins, of question. was part, But yes, know, service, them. talking for second margins, it you on that I or as know, specifically don’t out have than didn’t returned been even to of vessels of come longer But action but through. initial to now as we Unfortunately, Sure. didn’t on maybe much a have some year product unfortunately, many the of which,

been on with off, inventory, basis, has also water As start-up done et are It’s the that count, is we again ever getting before. that items in written some there expedited are to huge. validate an were inventory quarter larger returning a more ships than cetera, to primarily they be associated costs needed but

in so negative there got board product that were were had on et sure make airfreight order things to necessitated cetera. And some that impacts, that like

during of to the before, now we a can only saving, to it year containers As the product back see get of are we our strong which number to cetera. such full that ports that deliver advantage at during start our had cadence take where we to expertise we to -- docking, a has be that ours cycle in the been get that going of times ships always et we’ve ensuring fleets are

margins we we next be year. in move forward, do some that there’ll So improvement think as particularly those into --

Sharon Zackfia

you me Can Stephen? hear better now,

Stephen Lazarus

Yes.

Sharon Zackfia

Okay.

gross The services the of on first part margin. question was

than the So second ‘XX. quarter it better of was actually

you which question gross I that then you’re salary, costs, Or margin? at what and wondering there? pretty that could that tailwinds rate And is payroll quarter? to in a pressure hold was those if expect of So you sequential very the we continue impressive in pressure. you’ve roughly where was kind can kind given about services like inflationary talk million my something $X Is admin, trends more on of of seeing should the are labor seen stable where follow-up run

Stephen Lazarus

at rate experiencing. pressure we But that we’re there term, for as As is happens Clearly, inflationary we absolutely. I million see comfortable companies, some on service. part, near we’ve run relates start getting year. to But it about comfortable salary level $X-or-so to what more been talking with the pretty feel for with pretty the the and as into next other payroll, the We’ll think you’re returning now most there. ships

we as tailwinds pricing taken, and spas to terms some about flow for may et that actions demand of In We’ve service on company and continue higher-priced talked of cetera. benefit we’ve will through continue services, see the margin. the so to those before

as know Some company should that well. of well the to

line. pretty the in heading good we’re we’re marching and about position So on how the overall, forward that we feel

Operator

next Our from Wissink question comes Steph Jefferies. with

Steph Wissink

running looks items that the the question And know, you line I prior cost. we’re of in $X in Stephen, be just want to thinking thinking on the payroll about I to mentioned terms million outside make of leverage Anything costs? have into model the follow-up and do can line sure the this the Or some back pretty a amortization. a a lower you we overall stable. timing else your for your and find bit new should of through I at that revenue level you the ahead little of of costs cost those as structure of basis is coming cost? the back bringing

Leonard Fluxman

Steph, activities, look to at But management metering I certainly the the cautious extent team the we as to we in essential position by need say, marketing at X and look onboard we at et we’ve been to more continue time. in last, will service right as and it’s over the leadership supply, would requested that that logistics, activities quarters, fact, have the those that whether, positions been needed. positions cetera. team any each to of And backfill, to

couple as as And That to trying to added. so is yes, there be -- could be disciplined yet of possible. be a we’re physicians still

Steph Wissink

rates. the really then around That’s All my tie right. And encouraging. is question bigger just

So in service but -- sales product slightly sales the the quarter, expectations, beat our were below. sales significantly

patterns there’s anything adding to and changes sales product some service pro wanted brand the forward? about brands. read with just the in Anything going some you at understand expectations on rates trying are Just into what to your of the additional to point or us talked mix, share of you if

Leonard Fluxman

be to intensify quarters. and intensely, attachment retail continue that continue X next of those some So clearly attachment to do the we through focus on could services, we we’ll service the of and Steph, intensifications services, continue to enhanced lot to and a around

quickly not have lot due an incredible to We fitness in is out approval of possible. as Visa in countries had are consulates They not do our we and these getting the we not physicians our retail. through all a before, similarly have get very as the slow cases, of amount would staff cruise are do of lines to fitness I that a complement full Africa. fast entire as instructors lot a say, historically. And suffering to of been certain a visas mentioned get year for lot as from of of who South used We approving of as that

the to factors, to we than well. retail the we that continue to extent will see ramp a I load of as staffing think in ahead build continue

Operator

comes question and Max Rakhlenko Company. next Cowen with from Our

Max Rakhlenko

-- rate much getting higher, you far buy are So you we’re your when you think the get top per the follow-up. top seen pre-bookings spend are we’re a there? customer some we’re more higher first, go journey on have what higher, that the getting about and have And the think up where do and room there? sort can how And average I guest about are? do in how initiatives that And a you when to opportunities of thinking along what of that thinking catalysts And best response? you then then

Leonard Fluxman

Okay, Max.

we’re ever first move any to added being up that’s our So is additional mean, we large slightly add we We quarter banner next a banners are behind. believe the from very, quarter. a the had or behind the will bit when at without little platform. that. the end prebooking We they’re to XX%, hoped we’ve up our first but which hit, very -- little to sooner, I we’re bit of excited see add prebooking third very catalyst the that be to And a to

We’re some up live on see, to notch excited the et both end little see guest than that to hopefully, site than prebooking. a that of That that of quarter. a the behind are bit we will right on testing, sort more XX% have anybody very higher. the preparation of the know, be target But you the we’ll terms at XX% without one will spend of board site. third who in higher cetera, Internally, continue say And now. beating we a as we comes just pre-booked go that because

was in big now, be for question what sorry, not had just clearly, initiative, With you but that the big So to second a that’s Can again? us XXXX. will continue focus that? only you -- repeat

Max Rakhlenko

Just guest spend per average getting higher?

Leonard Fluxman

load of average member. look contemporary find me and we What or with it’s we much got guest guest so amazes where load actually staff really to starting extent fuller factors, our spend the banners, XX% larger we’ve banners spend across before. at spend factors mass all higher I per per and exciting fascinating seeing as levels haven’t What the the Yes. guest are are staff threshold, and you over well seen see

contrasts the that and you it’s luxury on ones very see. so not some where solid, of a as don’t inversion that it’s interesting Now typically

And thus the banners type the a you’re of far. big on passengers sign so that’s seeing that of very healthy

that. So we’re by very encouraged

Max Rakhlenko

And just growth And side, what helpful. side? tech to there then or That’s in then algorithm be it’s revenue the is anything you that on speak that Great. the cost company longer you Okay. keep of can could think investments the could whether expansion as to labor, the and normalize, the mind hamper environment wages, should else? structural continues both we term, margin anything steady-state on

Operator

question Our next comes Assia Infinity Research. from Georgieva with

Assia Georgieva

call, into Late had Assia. is questions and Leonard This I but couple a Stephen. the on of

to And it used might less does a affect there up, start particular, towards you? FCCs do onboard momentum get As spend? of you think be in somewhat

Leonard Fluxman

substantially as they and really we’ll probably as any we they cruise some visibility down from we as FCC. have mentioned are of heard where the the Assia, guests we’ve are report. the hear of certainly don’t before, to coming from And others as spending lines

cannot the spa, they’re extent FCC in post outside is available where of of of They portfolio in extent not that that that just casino. the the To it board trace we any So virtually us. diminish. can granularity to it utilizing on because to place the the the continues spend

Assia Georgieva

very Obviously, short get of can’t. especially I Relative Alaska these economy to seem Bahamas maybe what And of ticket pulse Yes, easier are for on Do see the where you to in your nature be Caribbean a you passengers prices be numbers? this you’ve that the to always the Is obviously, number, Europe? cruises wanted are that but American in middle destinations, strong. also to spectrum. that anything we North reach. that might of see in kind seen there between

Leonard Fluxman

we’re season COVID the heard of still the again. to relaxation requirements, No, there’s banners some Certainly, demand higher see build we’ve really. to not some that go continues is right and lines, I some from of there. starting while that in right like speak a still have factors seems And load really from than cruise here to now. the now. But can’t the the it Caribbean what in of to demand of little since

as Alaska to performing we’ve is July, what just by and continue seeing. finished well is Caribbean. mean, I incredibly I the So encouraged be I’m

Assia Georgieva

longer-term And sheet oh, Great. that a XXXX at starts look We has everyone’s liquidity minds. at Can question, -- I’m discuss of balance been last sort we sorry. question. the

Leonard Fluxman

mean put we... question, was in pretty much I to Liquidity by think, Stephen commentary. his I bed

Assia Georgieva

little I’m late. a sorry, jumped I bit

Leonard Fluxman

Well, deleverage instruments. have Okay. before to we on will maturities the nothing we XXXX, high are that continue interest rate

leverage $X structure The out of second being of pieces take focus lien the the sense as cap revolver, to our on makes to and already will first build already that anything as paid million where cash. at can as will down we that we’ve we look one we else continue well continue on

removed have also We’ve read concerned are the industry not liquidity. in press So we about as may unlike you the release. ATM, the

And of pretty the quarters build in we more confident flow where to cash free we’re so liquidity continue building of we successive terms building as in pretty at about business. remain positive

Assia Georgieva

And net positive first to adjusted one have industry actually the of also income. out the you’re

So congratulations.

Operator

This like concludes to... I session. our would question-and-answer

Stephen Lazarus

jump didn’t there. regards growth conclude, to answer going Operator, provide a to jump interrupt, final with real just there to the algorithm. question sorry, just quick we Max’s to I’m I to sorry that -- before want briefly back response and just to back we

back didn’t. we if know, of the We revenue you CAGR effects ship introduced grow level ‘XX and rate at our as into if that grown almost and be another through passenger X%. including new think, disappointed coming the cruise builds would in XXXX new it XXXX. would as into mean to know, XXXX, above of X/XX, is have XX are online build a being XX I I ‘XX new ‘XX builds that -- a expect in at has the recession we Max, at historically, service growth service you from So look

and so support And be perhaps would least handily. for expectation to our our that at growth

margin a of the more grow it cost margin. variable to little On because the of challenging side, the nature bit business, is

focus the generate no expect revenue return But improve entirety our there’s grows, growing for And historical reason do our margins is. fleets more service go levels. to on we from business. flow focused where that’s and that more the cash truly occupancy as to flow, much least generate at We’re levels we we cash that as as that in back not their absolute to

Operator

closing This to Okay. CEO turn the conference concludes and remarks. back President, would Leonard our question-and-answer for Fluxman, session. to I any over like

Leonard Fluxman

QX results third for we again, forward We and us with report Thanks, you, look speaking call. conference you Thank on November. joining in Right. to when today thanks quarter everyone. everyone,

Operator

attending Thank for has now presentation. you conference concluded. The today’s

now You disconnect. may

OneSpaWorld Holdings Limited (OSW) 7 Aug 222022 Q2 Earnings call transcript