Sphera Franchise Group Sa · BVB:SFG
Sphera Franchise Group Sa — Q1 2022 Earnings Presentation
25 slides from Sphera Franchise Group Sa's earnings presentation, May 13, 2022
Slide 1: Sphera Franchise Group Investor & Analyst Call Q1 2022 Results
Sphera Franchise Group Investor & Analyst Call Q1 2022 Results 13.05.2022
Slide 2: Disclaimer
Disclaimer This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of shares issued by Sphera Franchise Group SA ("Sphera"), or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy shares in Sphera. Neither
Slide 3: Welcome to SFG's Q1 2022 Results Call
Welcome to SFG’s Q1 2022 Results Call Calin Ionescu Valentin Budes Monica Eftimie Zuzanna Kurek CEO CFO CMO IR Sphera Franchise Group’s unaudited Q1 2022 results are available for download on our website: www.spheragroup.com. The recording of this conference call will be available on our website sho
Slide 4: Agenda for today's call
Agenda for today’s call 1 Q1 2022 Highlights 2 Business updates from Q1 2022 & beyond 3 Brand Performance 4 Q&A session 5 Annex: Key Q1 2022 Financials 4
Slide 5: Q1 2022 Highlights
Q1 2022 Highlights NY SPHERA rc © ,/.,
Slide 6: SFG Performance in Q1 2022
SFG Performance in Q1 2022 • QoQ sales increase: Sphera Franchise Group continued to grow sales, registering a 31.8% increase in the sales compared to Q1 2021, reaching RON 278.6 million. Data in RON’000 Q1-22 Q1-21 Y/Y % • Significant uptake in food & material driving restaurant expenses: Restauran
Slide 7: SFG Q1 2022 Performance
SFG Q1 2022 Performance % 1.8 278.6 +3 .1% 285.7 7 +3 211.4 13.1 -7 208.3 1. 3% 3.8 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Q1 2021 Q1 2022 Restaurant Sales Expenses (Restaurant + G&A) Normalized EBITDA in RON m in RON m, excl. IFRS16 in RON m, excl. IFRS16 7
Slide 8: SFG Q1 2022 Performance breakdown
SFG Q1 2022 Performance breakdown Contribution to Q1 2022 turnover Market evolution • Romania registered the second best quarter since beginning of the pandemic, and overall, in the history in terms of restaurant sales, as the revenues increased 27.9% YOY and 4.5% QOQ. 5.1% • Sales in Italy register
Slide 9: Business updates from Q1 2022 & beyond
Business updates from Q1 2022 & beyond 9
Slide 10: Restrictions & facilities granted by the state
Restrictions & facilities granted by the state Restrictions in Romania • Lifting of the restrictions in Romania close to end of Q1’22: As of March 9th, 2022 Romania has lifted all the COVID-19 restrictions which have been in place since October 25th, 2021, which required the possession of the COVID-
Slide 11: Restaurant development, Staff, Leases
Restaurant development, Staff, Leases Number of stores • 174 restaurants operated: SFG operated 174 restaurants as of 31.03.2022, out of which 94 KFC restaurants in Romania, 2 in Moldova and 20 in Italy, as well as 14 Taco Bell restaurants, 42 Pizza Hut restaurants (of which 22 Pizza Hut and 20 Pizz
Slide 12: Capital Markets, Sustainability & Dividends
Capital Markets, Sustainability & Dividends FTSE Russell • Inclusion in the FTSE Global Microcap: On February 18th, 2022, FTSE Russell announced that SFG shares will be included, as of March 21st, 2022, in the FTSE Russell indices for Emerging Markets, FTSE Global Micro Cap index. FTSE Global Micro
Slide 13: Marketing
Marketing KFC: Drive frequency and maximize relevance • With the aim of boosting sales and reinforcing the best tasting chicken attribute, KFC concentrated its communication on value for Q1, successfully re-launching Smart Menu (a full meal for 16 RON) with a promo layer on top offering prizes for p
Slide 14: Marketing
Marketing Taco Bell: Drive trial and build brand • Taco Bell communicated two value campaigns in Q1 by offering tacos supreme and small format crunchwraps and burritos at an affordable price, with the objective of making core famously craveable and offering accessibility to our products. • The brand
Slide 15: Brand performance
Brand performance NN SPHERA rc © ,/.,
Slide 16: KFC Romania
All Store Performance KFC Romania 114.9% 42.8% • Q1 2022 was a strong quarter of growth for KFC Romania 23.6% as all store performance improved 23.6% YoY due to 14.3% 20.3% good like-for-like performance paired with the sales Q1’22 generated by the 7 new KFC restaurants that were Q2’21 Q3’21 Q4’21 o
Slide 17: KFC Italy & KFC Republic of Moldova
All Store Performance KFC Italy & KFC Republic of Moldova 114.5% 88% 70.3% KFC Italy 26% • All-store performance registered 70.3% sales increase in Q1 2022 vs. Q1 2021, which was below 2.5% the same store performance (73% sales increase in Q1 2022 vs. Q1 2021). Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 • The in
Slide 18: Pizza Hut & Taco Bell
Pizza Hut & Taco Bell All Store Performance Pizza Hut 108.4% • Pizza Hut’s continued YoY increases, registering a positive evolution of all store performance of 55.3% in Q1 2022 vs Q1 2021. 71.4% 54.6% 55.3% • The second largest like-for-like increase of all the brands in the portfolio was registere
Slide 19: Q&A Session
Q&A Session NY SPHERA rc © ,/.,
Slide 20: Annex: Key Q1 2022 Financials
Annex: Key Q1 2022 Financials 20
Slide 21: Summary of Q1 2021 Consolidated FS
Summary of Q1 2021 Consolidated FS 21 Results excl. IFRS16
Slide 22: Summary of Q1 2022 Consolidated FS
Summary of Q1 2022 Consolidated FS (with and without IFRS 16 impact) 22
Slide 23: Breakdown of Q1 2022 results by entity
Breakdown of Q1 2022 results by entity 23 Results excl. IFRS16
Slide 24: Overview of the Q1 2022 G&A expenses
Overview of the Q1 2022 G&A expenses (with and without IFRS 16 impact) 24
Slide 25: Thank you for joining us!
Thank you for joining us! Sphera Franchise Group’s unaudited Q1 2022 results are available for download our website: www.spheragroup.com. The recording of this conference call will be available on our website shortly. For any questions related to Sphera Franchise Group’s activity on the Bucharest St
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