Iceland is a national UK food retailer specialising in frozen food with 852 stores in the UK. They offer their customers a range of over 2,500 food SKUs including frozen, chilled and grocery products. Their products range from everyday items such as milk, eggs and bread to an extensive range of approximately 900 frozen food SKUs covering a broad spectrum from ready meals, pizzas and party food to frozen meat, fish, poultry and vegetables.
Iceland are focused on the value-end of the retail market and trade from conveniently located stores throughout the UK. They have recently started selling a number of luxury food products through their online platform.
4.625%
5.3%*
8.0%*
15 Mar 2025
Next Interest Payment
15 Apr 2020
Interest Period
6 months
XS1681806326
First ranking charge over company assets
£550,000,000
15 Sep 2020 at 102.315
15 Sep 2021 at 101.156
15 Sep 2022 at 100
Status
Payments on time
* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.
Company Legal Name
Industry
Retail
Country of Origin
UK
Year of Incorporation
1970
Ownership Status
Private
Senior Debt 65%
Equity 35%
Cash
-1.2%
Senior Notes (combined)
6.2%
Content Liabilities
12.0%
Net Debt
17.0%
Equity
83.0%
Enterprise Value
100.0%
EDITDA
£883,000,000
Cash interest
£226,400,000
Type | £m | x EBITDA* | % of capitalisation* | Maturity* | Coupon* | EBITDA/Interest* |
---|---|---|---|---|---|---|
Cash | na | na | na | na | na | na |
Finance Leases | na | na | na | na | na | na |
Drawn RCF (£30m) | na | na | na | na | na | na |
£350m Senior Secured FRN | na | na | na | na | na | na |
£550m Senior Secured Notes | na | na | na | na | na | na |
£200m Senior Secured Notes | na | na | na | na | na | na |
Net Senior Debt | na | na | na | na | na | na |
Equity Value | na | na | na | na | na | na |
Net Capitalisation | na | na | na | na | na | na |
EBITDA | 135 | |||||
Cash Interest | 45 |
Source: Public company information
* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.
Revenues
11,607
Growth %
38.1%
EDITDA
1,681
Margin %
14.5%
Cash balance
3,067
Key Financials (£m) | 2015A | 2016A | 2017A | 2018A | 2019A | 6m 2019 | 6m 2020 |
---|---|---|---|---|---|---|---|
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Source: Company Information
£87.0
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