Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — BreadTalk Group — Q2 2016 Earnings Presentation
15 slides from Singapore Exchange's earnings presentation, August 2016
Slide 1: BreadTalk Group Limited Financial Results Second Quarter 2016
BreadTalk Group Limited Financial Results Second Quarter 2016 Bakery Food Atrium Restaurant
Slide 2: 2Q 2016 Financial Highlights: Income Statement
2Q 2016 FINANCIAL HIGHLIGHTS Income Statement Highlights S$ Million 2Q 2016 2Q 2015 Y/Y 1H 2016 1H 2015 Y/Y Revenue 149.8 154.9 -3.3% 304.3 307.3 -1.0% Bakery 74.8 76.9 -2.8% 150.7 153.8 -2.0% Food Atrium 38.4 42.4 -9.5% 80.2 84.4 -5.0% Restaurant 36.6 35.5 2.9% 73.5 69.1 6.3% EBITDA 18.4 17.9 2.7%
Slide 3: 2Q 2016 Financial Highlights: Core PATMI Adjustments
2Q 2016 FINANCIAL HIGHLIGHTS Income Statement Highlights S$ Million 1Q 2016 2Q 2016 Q/Q 1H2016 1H2015 Y/Y Reported PATMI 2.4 1.3 -46.6% 3.8 4.9 -23.3% Adjustments Add: PPE written off 0.6 3.2 445.7% 3.8 1.8 107.1% Intangible/goodwill written off 0.1 - NM 0.1 - NM Less: FV gain in investment property
Slide 4: Group Key Financial Highlights
GROUP KEY FINANCIAL HIGHLIGHTS REVENUE MIX BY BUSINESS REVENUE MIX BY GEOGRAPHY EBITDA MIX BY BUSINESS 1H 2016 1H 2016 1H 2016 Others $17.7m Hong Kong 6% Others Restaurant $34.9m $8.2m $73.5m 11% 5% 22% 7% 24% Bakery 23% 12% $13.9m 36% 32% Bakery Singapore 33% 1H 2015 50% $150.7m 1H 2015 $163.8m 1H
Slide 5: 2Q 2016 Financial Highlights: Balance Sheet
2Q 2016 FINANCIAL HIGHLIGHTS Balance Sheet Highlights S$ Million 2Q 2016 FY 2015 CASH & CASH EQUIVALENT VS NET DEBT Total assets 529 545 Cash and cash equivalents 112 95 115 112 Accounts receivables 65 75 Inventories 10 10 110 Current assets 187 179 Property, plant and equipment 186 206 105 103 103
Slide 6: 2Q 2016 Financial Highlights: Cash Flow
2Q 2016 FINANCIAL HIGHLIGHTS Cash Flow Highlights S$ Million 2Q 2016 2Q 2015 FY 2015 Operating cash flow before working capital changes 23 22 83 Net cash flow from operating activities 18 13 66 Less: Capital expenditure (6) (4) (37) Investment in associate & joint venture - (1) (3) Net cash flow use
Slide 7: 2Q 2016 Financial Highlights: Financial Ratios
2Q 2016 FINANCIAL HIGHLIGHTS Financial Ratios 1H 2016 1H 2015 FY 2015 Trade Receivables Turnover (days) - Franchisee 81 65 93 Trade Receivables Turnover (days) - Non franchisee 2 2 2 Total Receivables Turnover (days) 7 7 8 Inventory Turnover (days) 25 26 24 Trade Payables Turnover (days) 28 29 27 Ca
Slide 8: Strong Presence Across Asia
STRONG PRESENCE ACROSS ASIA Strong foothold across 17 territories in Asia and Middle East OUTLET DISTRIBUTION BY GEOGRAPHY OUTLET DISTRIBUTION BY BUSINESS SEGMENT Net Increase/ FY 2015 1H 2016 Thailand (Decrease) 6 Singapore Bakery 862 (20) 842 162 Direct Operating 266 (9) 257 Franchise 596 (11) 585
Slide 9: Bakery Division
BAKERY DIVISION REVENUE 1H 2016 REVENUE BY GEOGRAPHY 300 250 International# 200 1% -2.0% 150 SEA* Hong Kong 3% 11% 100 50 FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16 Singapore 43% Revenue (S$ Million) EBITDA 27 12.0% 11.0% 11.0% China 22 42% 10.0% 9.3% 9.2% 17 8.8% 8.6% 9.0% 7.8% 7.5% 8.0% 12 7.3% 7.0%
Slide 10: Bakery Division: Number of Outlets
BAKERY DIVISION NUMBER OF BAKERY OUTLETS 1H 2016 OUTLET DISTRIBUTION BY GEOGRAPHY 1000 862 International# 842 31 800 SEA* 600 266 China 400 400 200 Singapore 129 119 Hong Kong 26 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 1H16 Number of outlets *Including SEA are Malaysia, Thailand, Philipp
Slide 11: Food Atrium Division
FOOD ATRIUM DIVISION REVENUE 1H 2016 REVENUE BY GEOGRAPHY 200 150 Taiwan 100 4% -5.0% SEA* 5% 50 0 Singapore FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16 Hong Kong 22% 39% Revenue (S$ Million) EBITDA 25 20.0% 16.8% 16.1% 15.1% 14.7% 20 13.3% 15.0% 11.8% China 15 10.3% 30% 10.0% 10 5.0% 5 2.9% *Including
Slide 12: Food Atrium Division: Number of Outlets
FOOD ATRIUM DIVISION NUMBER OF FOOD ATRIUM OUTLETS 1H 2016 OUTLET DISTRIBUTION BY GEOGRAPHY 80 SEA* 65 5 Taiwan 61 3 60 Hong Kong 7 40 China 31 19 Singapore 20 15 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 1H16 Number of outlets *Including SEA are Malaysia & Thailand 12
Slide 13: Restaurant Division
RESTAURANT DIVISION REVENUE 1H 2016 REVENUE BY GEOGRAPHY 150 125 100 +6.3% 75 Thailand 7% 50 25 0 FY10 FY11 FY12 FY13 FY14 FY15 1H15 1H16 Revenue (S$ Million) EBITDA 37 29.0% 32 23.7% Singapore 27 24.0% 93% 22 18.9% 17.5% 19.0% 17 16.1% 14.2% 12 13.5% 14.0% 7 10.1% 10.6% 2 9.0% FY10 FY11 FY12 FY13 F
Slide 14: Restaurant Division: Number of Outlets
RESTAURANT DIVISION NUMBER OF RESTAURANT OUTLETS 1H 2016 OUTLET DISTRIBUTION BY GEOGRAPHY 50 Thailand 3 40 31 30 30 20 10 Singapore 5 28 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 1H16 Number of outlets 14
Slide 15: Contact Us
CONTACT US Mr. Chan Ying Jian Group Chief Financial Officer Ms. Agnes Kang Investor Relations Tel - (65) 6285 6116 Email - ir@breadtalk.com 15