Wendy's Company (the) · NASDAQ:WEN
Wendy's Company (the) — The Wendy's Company — Q4 2024 Earnings Presentation
23 slides from Wendy's Company (the)'s earnings presentation, Feb 13, 2025
Slide 1: Fourth Quarter 2024 Conference Call
Fourth Quarter 2024 Conference Call February 13, 2025 © Quality Is Our Recipe, LLC
Slide 2: Aaron Broholm, Head of Investor Relations
Aaron Broholm Head of Investor Relations © Quality Is Our Recipe, LLC
Slide 3: Agenda
Agenda Business Update 2024 Highlights 2025 Financial Outlook IR Calendar Q&A THE WENDY'S COMPANY | 3
Slide 4: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures This presentation, and certain information that management may discuss in connection with this presentation, contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act
Slide 5: Kirk Tanner, President & Chief Executive Officer
Kirk Tanner President & Chief Executive Officer © Quality Is Our Recipe, LLC
Slide 6: Q4 2024 Highlights
Q4 2024 Highlights Global Systemwide Sales Growth of 5.4% and Global SRS Growth of 4.3% Traffic and Dollar Growth Outpaced Competitors MSD Breakfast Sales Growth Year-Over-Year Global Digital Sales Grew nearly 40% Year-Over-Year, Delivering ~19% mix Opened 113 New Restaurants around the globe THE WE
Slide 7: FY 2024 Highlights
FY 2024 Highlights 14th Year of Consecutive Global SRS Growth Global Company-Operated Restaurant Margin Expansion Opened 276 new restaurants MSD Breakfast Sales Growth Year-Over-Year Global Digital Sales dollars grew by nearly 40% THE WENDY'S COMPANY | 7
Slide 8: Fresh, Famous Food
Fresh, Famous DIGITAL ACCELERATION Food Craveable Core Impactful Innovation Relevant Value THE WENDY'S COMPANY | 8
Slide 9: Delivering an Exceptional Customer Experience
Delivering an Exceptional Customer Experience Increasing Operational Intensity Operate “One Best Way” Investing in Field Resources Enhanced support for franchisees and restaurants Implementing Restaurant Technology Digital Menu Boards and Fresh AI THE WENDY'S COMPANY | 9
Slide 10: March 6th 2025 Investor Day in Dublin, Ohio
March 6th 2025 Investor Day in Dublin, Ohio THE WENDY'S COMPANY | 10
Slide 11: Ken Cook, Chief Financial Officer
Ken Cook Chief Financial Officer © Quality Is Our Recipe, LLC
Slide 12: Fourth Quarter Financial Results
Fourth Quarter Financial Results $ Mils (except per share amounts) 2023 2024 B/(W) Global Systemwide Sales Growth 3.2% 5.4% 2-Yr 8.6% Global System SRS 1.3% 4.3% 2-Yr 5.6% US Company Restaurant Margin 13.5% 16.5% 300 bps UPDATE G&A $65.7 $67.2 (2.3%) Adjusted EBITDA1 $126.6 $137.5 8.6% Adjusted EPS1
Slide 13: Our Capital Allocation Priorities
OUR CAPITAL ALLOCATION PRIORITIES 1 Future dividend payments will be made at the discretion of our Board of Directors. 13
Slide 14: 2025 Financial Outlook
2025 Financial Outlook Global Systemwide Sales Growth 2.0% to 3.0% Adjusted EBITDA $550M to $560M Adjusted EPS $0.98 to $1.02 Free Cash Flow $275M to $285M Capital Expenditures $100M to $110M THE WENDY'S COMPANY | 14
Slide 15: Aaron Broholm, Head of Investor Relations
Aaron Broholm Head of Investor Relations © Quality Is Our Recipe, LLC
Slide 16: Investor Relations Calendar
Investor Relations Calendar March 6th: Wendy’s 2025 Investor Day March 11th: BofA Global Consumer & Retail Conference (Miami) March 25th: NDR with Piper Sandler (Chicago) March 12th: UBS Global Consumer &Retail Conference (NYC) May 1st: Q1 2025 Earnings Release & Conference Call THE WENDY'S COMPANY
Slide 17: Q&A
Q&A
Slide 18: Appendix
Appendix
Slide 19: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures In addition to the GAAP financial measures included in this presentation, the Company has presented certain non-GAAP financial measures (i.e., adjusted revenues, adjusted EBITDA, adjusted earnings per share, free cash flow, and systemwide sales). These n
Slide 20: Reconciliations of Net Income to Adjusted EBITDA and Revenue to Adjusted Revenues
Reconciliations of Net Income to Adjusted EBITDA and Revenue to Adjusted Revenues THE WENDY'S COMPANY | 20
Slide 21: Reconciliation of Net Income and Diluted Earnings Per Share to Adjusted
Reconciliation of Net Income and Diluted Earnings Per Share to Adjusted Income and Adjusted Earnings Per Share THE WENDY'S COMPANY | 21
Slide 22: Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow
Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow THE WENDY'S COMPANY | 22
Slide 23: The Wendy's Company
The Wendy’s Company