Wendy's Company (the) · NASDAQ:WEN
Wendy's Company (the) — The Wendy's Company — Q4 2022 Earnings Presentation
19 slides from Wendy's Company (the)'s earnings presentation, Jan 13, 2023
Slide 1: Preliminary Fourth Quarter 2022 Earnings Conference Call
Preliminary Fourth Quarter 2022 Earnings Conference Call January 13, 2023 © Quality Is Our Recipe, LLC
Slide 2: Kelsey Freed, Director – Investor Relations
Kelsey Freed Director – Investor Relations © Quality Is Our Recipe, LLC
Slide 3: 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 of 1995 (the “Reform Act”). For all such forward-looking s
Slide 4: Agenda
Agenda 2022 Preliminary Financial Results Capital Allocation Update Q&A THE WENDY'S COMPANY | 4
Slide 5: Todd Penegor, President & Chief Executive Officer
Todd Penegor President & Chief Executive Officer © Quality Is Our Recipe, LLC
Slide 6: Preliminary Financial Highlights
Preliminary Financial Highlights ▪ Q4 & FY global SRS reached double-digits on a 2-year basis ▪ Opened over 275 new restaurants in ‘22 ▪ Almost 300 bps improvement in Company-operated restaurant margin in Q4 vs. Q1 ▪ 6.6% increase in FY adj. EBITDA1 1 See reconciliation of non-GAAP financial measure
Slide 7: 12 Years of Global Same-Restaurant Sales Growth
12 Years of Global Same-Restaurant Sales Growth 14.9% 2nd Consecutive Year of Double Digit 2-Year Global SRS 11.2% 4.8% 4.7% 4.1% 10.0% 3.7% 3.6% 3.9% 3.2% 3.1% 3.1% 4.9% 3.2% 2.9% 1.7% 1.5% 1.6% 1.5% 2.1% 1.0% 1.2% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1-year SRS 2-year SRS THE WEN
Slide 8: 2-Year SRS Momentum Accelerated in Q4
2-Year SRS Momentum Accelerated in Q4 Q4 International SRS . 9.9% 1 Year 28.0% 2 Year, +2.5% vs. Q3 . Q4 US SRS 5.9% 1 Year 12.0% 2 Year, +3.5% vs. Q3 . THE WENDY'S COMPANY | 8
Slide 9: Global Development Update
Global Development Update • Opened over 275 new restaurants globally in ‘22 • Net unit growth accelerated for 2nd consecutive year • Growth driven by both US and Int’l segments • 1st traditional franchise-operated UK restaurant opened in Q4 • Approved nearly 40 new franchisees in ‘22 9
Slide 10: Remain Fully Committed to Long Term Growth Initiatives
Remain Fully Committed to Long Term Growth Initiatives 10
Slide 11: Gunther Plosch, Chief Financial Officer
Gunther Plosch Chief Financial Officer © Quality Is Our Recipe, LLC
Slide 12: Capital Allocation Policy Remains Unchanged
Capital Allocation Policy Remains Unchanged 1 Continue to Invest in the Business for Growth 2 Sustain an Attractive Dividend Quarterly dividend rate increased 100% to $0.25 per share Expect $1 per share dividend for FY 20231 3 Utilize Excess Cash to Repurchase Shares and/or Reduce Debt $500M Share R
Slide 13: Kelsey Freed, Director – Investor Relations
Kelsey Freed Director – Investor Relations © Quality Is Our Recipe, LLC
Slide 14: March 1, 2023 Earnings Release and Conference Call
March 1, 2023 Audited Fourth Quarter and Full Year 2023 Earnings Release and Conference Call THE WENDY'S COMPANY | 14
Slide 15: Q&A
Q&A
Slide 16: Appendix
Appendix
Slide 17: 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, and systemwide sales). These non-GAAP financial measures exclude certain ex
Slide 18: Reconciliations of Operating Profit to Adjusted EBITDA and Revenues to Adjusted Revenues
In Thousands (Unaudited) Reconciliations of Operating Profit to Adjusted EBITDA and Revenues to Adjusted Revenues THE WENDY'S COMPANY | 18
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