Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — BreadTalk Group — Q1 2017 Earnings Presentation
14 slides from Singapore Exchange's earnings presentation, May 3, 2017
Slide 1: BreadTalk Group Limited Financial Results First Quarter 2017
BreadTalk Group Limited Financial Results First Quarter 2017 3 May 2017 Bakery Food Atrium Restaurant
Slide 2: 1Q 2017 Financial Highlights: Income Statement
1Q 2017 FINANCIAL HIGHLIGHTS Income Statement Highlights S$ Million 1Q 2017 1Q 2016 Y/Y Revenue 147.6 154.6 -4.5% Bakery 73.6 75.9 -3.0% Food Atrium 36.3 41.8 -13.1% Restaurant 37.8 36.9 2.3% EBITDA 26.2 20.0 31.3% Bakery 5.9 6.8 -12.5% Food Atrium 4.9 0.9 417.0% Restaurant 7.4 6.5 13.9% Others 8.0
Slide 3: Group Key Financial Highlights
GROUP KEY FINANCIAL HIGHLIGHTS REVENUE MIX BY BUSINESS REVENUE MIX BY GEOGRAPHY EBITDA MIX BY BUSINESS 1Q 2017 1Q 2017 1Q 2017 Others Bakery $15.7m $5.9m Restaurant 11% Others 23% $37.8m Hong Kong 6% $8.0m 25% $13.6m 30% 24% 9% 12% 28% Singapore 34% $77.1m Bakery 52% 1Q 2016 49% $73.6m 1Q 2016 1Q 20
Slide 4: 1Q 2017 Financial Highlights: Balance Sheet
1Q 2017 FINANCIAL HIGHLIGHTS Balance Sheet Highlights S$ Million 1Q 2017 FY 2016 CASH & CASH EQUIVALENT VS NET DEBT Total assets 521 534 140 120 109 Cash and cash equivalents 109 121 100 Accounts receivables 83 81 80 57 Inventories 10 10 60 Current assets 202 212 40 Property, plant and equipment 174
Slide 5: 1Q 2017 Financial Highlights: Cash Flow
1Q 2017 FINANCIAL HIGHLIGHTS Cash Flow Highlights S$ Million 1Q 2017 1Q 2016 Operating cash flow before working capital changes 19 15 Net cash flow from operating activities 16 11 Less: Capital expenditure (12) (12) Investment in associate & joint venture (1) (1) Net cash flow used in investing acti
Slide 6: 1Q 2017 Financial Highlights: Financial Ratios
1Q 2017 FINANCIAL HIGHLIGHTS Financial Ratios 1Q 2017 FY 2016 Trade Receivables Turnover (days) - Franchisee 81 78 Trade Receivables Turnover (days) - Non franchisee 2 2 Total Receivables Turnover (days) 7 7 Inventory Turnover (days) 27 26 Trade Payables Turnover (days) 26 30 Cash Conversion Cycle (
Slide 7: 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 Thailand FY 2016 Increase/ 1Q 2017 6 Bakery 862 (7) 855 Singapore 171 Direct Operating 260 1 261 Franchise 602 (8) 594 China 406 Food
Slide 8: Bakery Division
BAKERY DIVISION REVENUE 1Q 2017 REVENUE BY GEOGRAPHY 350 300 250 International 1% 200 SEA* 150 Hong Kong 3% 11% 100 -3.0% 50 FY10 FY11 FY12 FY13 FY14 FY15 FY16 1Q16 1Q17 Singapore 44% Revenue (S$ Million) EBITDA 35 12.0% 11.0% China 30 11.0% 41% 9.9% 25 9.3% 10.0% 8.8% 8.9% 20 8.6% 9.0% 8.0% 7.8% 15
Slide 9: Bakery Division
BAKERY DIVISION NUMBER OF BAKERY OUTLETS 1Q 2017 OUTLET DISTRIBUTION BY GEOGRAPHY 1000 862 855 International 800 36 600 SEA* 291 China 377 400 200 129 Singapore 127 Hong Kong 24 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 1Q17 Number of outlets SEA: Malaysia, Thailand, Philippines, Indo
Slide 10: Food Atrium Division
FOOD ATRIUM DIVISION REVENUE 1Q 2017 REVENUE BY GEOGRAPHY 200 150 Taiwan 100 6% SEA* 5% 50 -13.1% Hong Kong 0 15% FY10 FY11 FY12 FY13 FY14 FY15 FY16 1Q16 1Q17 Singapore 44% Revenue (S$ Million) EBITDA 25 20.0% 16.8% 16.1% 15.1% 14.7% 20 13.3% 13.5% 15.0% China 30% 15 10.3% 7.7% 10.0% 10 5.0% 5 2.3%
Slide 11: Food Atrium Division
FOOD ATRIUM DIVISION NUMBER OF FOOD ATRIUM OUTLETS 1Q 2017 OUTLET DISTRIBUTION BY GEOGRAPHY 70 60 57 57 SEA* 5 50 Taiwan 3 Hong Kong 40 5 China 30 29 19 20 Singapore 15 10 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 1Q17 Number of outlets SEA: Malaysia & Thailand 11
Slide 12: Restaurant Division
RESTAURANT DIVISION REVENUE 1Q 2017 REVENUE BY GEOGRAPHY 175 150 125 100 75 Thailand 7% 50 + 2.3% 25 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 1Q16 1Q17 Revenue (S$ Million) EBITDA 35 29.0% 30 23.7% 24.0% Singapore 25 20.3% 93% 19.7% 20 17.7% 19.0% 15 16.1% 14.2% 10 13.5% 14.0% 5 10.1% 10.6% 0 9.0% FY10
Slide 13: Restaurant Division
RESTAURANT DIVISION NUMBER OF RESTAURANT OUTLETS 1Q 2017 OUTLET DISTRIBUTION BY GEOGRAPHY 45 40 35 32 32 Thailand 3 30 25 20 15 10 5 Singapore 5 29 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 1Q17 Number of outlets 13
Slide 14: 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 14