Good Times Restaurants Inc. · NASDAQ:GTIM
Good Times Restaurants — Investor Presentation (June 2018)
20 slides from Good Times Restaurants's investor presentation, Jun 11, 2018
Slide 1: Investor Presentation June 2018
Nasdaq Capital Market: GTIMInvestor PresentationJune 2018
Slide 2: Forward-Looking Statements and Non-GAAP Financial Information
Forward-Looking Statements andNon-GAAP Financial Information 2 Forward-Looking StatementsThis presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words “may,” “will,” “should,
Slide 3: Company and Concept Overview
3 Company and Concept Overview Two Differentiated and Complementary ConceptsExcellent Cash-on-Cash Return Model for Bad Daddy’s ExpansionMomentum Driven by Successful Execution Across Multiple GeographiesStable Cash Flow from Good Times That Can Be Reinvested in Bad Daddy’s GrowthExperienced Leaders
Slide 4: How We Win
How We Win 4 Business Differentiated Service “Radical Hospitality”A commitment to high-touch serviceEfficient but personalized Dedicated to offering incredible food and unparalleled service in QSR environment High-quality, Segment-Leading Food Quality “Artfully Created Food”Chef-driven recipes, yet
Slide 5: Superior Positioning and Quality
Superior Positioning and Quality 5 Bringing cool to the suburbs Fast casual quality, QSR speed of service QSR Fast Casual Casual Dining Polished Casual High Average Check Low Average Check
Slide 6: Good Times Burgers and Frozen Custard
ALL NATURAL BURGERS FROZEN CUSTARD
Slide 7: Good Times Burgers and Frozen Custard
Good Times Burgers and Frozen Custard 7 Good Times Burgers and Frozen Custard (“GTBFC”) is the only QSR concept with steroid-free, hormone-free, vegetarian-fed, humanely-raised chicken and beef“Fresh, Handcrafted, All-Natural” position26 Company-owned stores, 10 franchise stores$1.2MM average annual
Slide 8: Marketing Approach and Strategy
Marketing Approach and Strategy 8 Brand Voice & Personality:The Jester: never look or feel like the big guysA principled brand: we do the right thing because “that’s the kind of company we are”Go to lengths the other guys don’t & won’tKey Messages:100% all-natural beef & chicken: no hormones, no ste
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10 THIS PAGE INTENTIONALLY BLANK
Slide 11: Bad Daddy's Burger Bar – Future Growth Platform
Bad Daddy’s Burger Bar – Future Growth Platform 11 Bad Daddy’s Burger Bar (“BDBB”) is a 29-unit full service concept with a high-energy, chef-driven, burger- and bar-focused positioning founded in Charlotte, NC in 2008Fully-committed to full service model; strong volume in a comparatively small box
Slide 12: Chef-driven menu with big portions and in-your-face flavors
Chef-driven menu with big portions and in-your-face flavors 12 Simple, high-quality ingredients executed at a high levelHouse-made sauces and dressings“Create Your Own” burgers and saladsMonthly chef specialsFeatured proteins include beef, chicken, turkey, buffalo and tunaBar sales averaging ~16.2%
Slide 13: Marketing Approach and Strategy
Marketing Approach and Strategy 13 Brand Voice & Personality:“We brought cool to the suburbs”Irreverent but not offensive, non-chain, Classic RockBad ass, fun, informal, high-energyCulture of “yes”It’s all about the food: culinary-driven conceptKey Messages:Scratch-made, artisan ingredients, unique
Slide 14: Bad Daddy's Burger Bar Brings Cool to the Suburbs
Bad Daddy’s Burger Bar “brings cool to the suburbs”High-traffic suburban areas with lunch and dinner trafficMetropolitan areas of Tier II cities Take an ever-larger share of wallet through displacement of competing conceptsTake share from full service concepts Look for smaller box endcap spaces with
Slide 15: Economics Proven in States with Runway for Future Growth
Economics Proven in 6 States with Runway for Future Growth 15 Existing Markets Future likely markets Markets under consideration 9 (est.) (1 joint-venture) FY2018 New Units Source: U.S. Department of the Census FY2017 New Units 6(2 joint-venture) Target Unit Economics Targeted cash-on-cash return of
Slide 16: Financial Review
Financial Review
Slide 17: 2018 Full-Year Guidance Summary
2018 Full-Year Guidance Summary The following guidance was provided May 10, 2018Revenues: $99 to $101 millionQ3/Q4 Comparable sales:Good Times Segment +3.0% to +3.5%Bad Daddy’s Segment +0.5% to +1.0% (excluding remodel impact for “East” Bad Daddy’s)FY 2019 New Units: 9 restaurantsG&A Expenses: $7.7
Slide 18: Good Times Burgers and Frozen Custard Summary Financials
Good Times Burgers and Frozen Custard Summary Financials 18 Systemwide Units Total Net Revenue Store Level EBITDA ($ in Millions) ($ in Millions) (1) FY18P represents the midpoint of the Company’s guidance, per the most recent earnings release filed May 10, 2018. (1) (1) (1) ($ in Thousands) Reconci
Slide 19: Bad Daddy's Burger Bar Summary Financials
Bad Daddy’s Burger Bar Summary Financials 19 Systemwide Units Store Level EBITDA ($ in Millions) ($ in Millions) Total Net Revenue * FY18P represents the midpoint of the Company’s guidance, per the most recent earnings release filed May 10, 2018. * ($ in Thousands) Reconciliation of Store Level EBIT
Slide 20: Good Times Restaurants Inc. Consolidated Summary Financials
Good Times Restaurants Inc. Consolidated Summary Financials 20 Total Systemwide Restaurants Total Net Revenue Adjusted EBITDA Reconciliation of Adjusted EBITDA to Reported Net Loss ($ in Millions) ($ in Millions) FY13 – FY18P CAGR: 34.1% (1) (1) (1) FY18P represents the midpoint of the Company’s gui
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