You are here: Home > Investors > Business strategy Mitchells & Butlers Home HOME ABOUT US OUR BRANDS GIFT CARDS INVESTORS NEWS & MEDIA RESPONSIBILITY CAREERS INVESTORS Investor overview The Market Business strategy Financial performance Our Management Business Conduct Share price and tools Financial calendar Annual report Shareholder information Securitisation and debt information Capital Raise 2021 Analysts Investor contacts Information centre Business strategy Despite the impacts of Covid-19, the fundamental strengths of our business remain and ensure we are well positioned for the future. We have an 82% freehold estate, with recognised and diversified brands across a broad range of consumer demographics and geographical locations, and an experienced and proven management team with the focus to build on the momentum previously gained before the pandemic and the recovery that is being seen after the end to Covid-related restrictions. In the short to medium term, our priority is on successfully trading the business in the current challenging environment, ensuring the safety of our team members and guests, managing significant cost inflation and on growing the business back to, and beyond, the levels of trade that we were enjoying before Covid-19. Our Ignite programme of work remains at the core of our long-term value creation plans and we have now reopened our project office and we are working on 44 fresh initiatives, some of which are already being implemented in the business. Our immediate focus, on reopening, was the successful rebuilding of trade following the extended periods of closure and we prioritised initiatives that support this, such as the enhancement and expansion of our delivery offer and review of promotion and pricing at brand level. Going forward, as cost pressures mount beyond normal pre-pandemic levels, we are also increasingly focusing on initiatives which enhance efficiency and productivity, helping to offset some of these headwinds in areas such as optimal labour scheduling (increasing the efficiency with which we deploy our labour at site level), automatic product ordering (improving stock management and process efficiency), reduction of food and drink waste and enhancing capacity utilisation in our sites. We remain confident in our ability to deliver long-term and sustained efficiencies and business improvements through the existing Ignite programme. We also resumed our capital programme which has been proven to deliver value by improving the competitive position of our pubs and restaurants within their local markets. We are committed to re-establishing a 6-7 year investment cycle and whilst we are likely to encounter short-term supply issues in terms of material procurement and contractor availability, which may affect progress in the current financial year, this continues to be a key focus for the business. FIND A RESTAURANT/PUB Enter a postcode, location or pub name All brands All Bar One Browns Castle Crown Carveries Ember Inns Harvester Innkeeper's Lodge Miller & Carter Neighbourhood Pubs Nicholson's O'Neill's Oak Tree Orchid Pubs Premium Country Pubs Sizzling Pubs Stonehouse Pizza & Carvery Toby Carvery Vintage Inns SHARE PRICE INFORMATION CENTRE LATEST REPORTS Annual Report 2020 Download PDF (6.5MB) NEWS ALERTS Keep up to date with Mitchells & Butlers corporate information and news by subscribing to our email alerts and RSS feeds. Subscribe now CONTACT US Tim Jones Chief Financial Officer Carlie Wakefield PA to Chief Financial Officer +44 (0) 121 498 6112 investor.relations@mbplc.com Denise Burton Deputy Company Secretary +44 (0) 121 498 6514 company.secretariat@mbplc.com Amy De Marsac Head of Investor Relations and Sustainability +44 (0) 7712 538 660 amy.demarsac@mbplc.com Contact Us CONTACT US ACCESSIBILITY SITEMAP LEGAL NOTICE INFORMATION POLICIES PRIVACY POLICY COOKIES © Mitchells & Butlers 2021 ABOUT US Company overview Our strategy Our people Our approach to business Our history Contact us OUR BRANDS Sizzling Pubs Vintage Inns Harvester Ember Inns Toby Carvery Crown Carveries Castle Nicholson's Premium Country Pubs O'Neill's ALEX All Bar One Village Pub & Kitchen Miller & Carter Browns Innkeeper's Lodge Stonehouse Pizza & Carvery INVESTORS Investor overview The Market Business strategy Financial performance Our Management Business Conduct Modern Slavery Statement Share price and tools Financial calendar Annual report Shareholder information Securitisation and debt information Analysts Investor contacts NEWS & MEDIA Company news Brand news Brand offers Media resources Media contacts Subscribe RESPONSIBILITY Good food Serving alcohol responsibly Our employees Working with local communities Environmental concerns Business conduct Responsibility contacts CAREERS Careers and jobs home* About our brands* Search for a job and career* Why join us* *These links go to our careers website