Shakey's Pizza Asia Ventures, Inc. · PSE:PIZZA
Shakey's Pizza Asia Ventures — Q1 2025 Earnings Presentation
22 slides from Shakey's Pizza Asia Ventures's earnings presentation, May 14, 2025
Slide 1: SuperCHARGED, SuperWOW!
SuperCHARGED, SuperWOW! SHAKEY’S PIZZA ASIA VENTURES, INC. 1Q25 EARNINGS PRESENTATION MAY 2025
Slide 2: 1Q 2025 Financial Performance
1Q 2025 Financial Performance
Slide 3: 1Q 2025 Financial Highlights
1Q 2025 FINANCIAL HIGHLIGHTS NETWORK SYSTEMWIDE OPERATING NET REVENUES EXPANSION SALES INCOME INCOME Results 2,671 5.6B 3.5B 285M 182M Stores and outlets Change +439 +17% +14% +15% +6% vs end-March ‘24 YoY YoY YoY YoY SSSG: 2% Normalized SSSG: 4%** * Financial growth metrics are reported on a year-o
Slide 4: 1Q25 SWS grows 17% YoY, primarily fueled by global network expansion
1Q25 SWS grows 17% YoY, primarily fueled by the Group’s global network expansion 1Q Systemwide Sales (SWS) Network Expansion in PHP B TOTAL GLOBAL NETWORK 1,857 2,232 2,671 17% 1Q23 1Q24 1Q25 1Q25 vs 1Q24 SSSG: 2% 439 1Q25 vs 1Q24 INTERNATIONAL 17% 1Q24 vs 1Q23 5.6 SSSG: 1% 416 DOMESTIC INTERNATIONA
Slide 5: Robust 1Q25 SWS growth supported by resilient SSSG and improving macroeconomic environment
Robust 1Q25 SWS growth was also supported by resilient SSSG, influenced by an improving macroeconomic environment Trailing 4 Quarters Systemwide Sales (SWS) YoY Philippine Inflation Print (%) in PHP B 3.7 3.7 Peak Season 1.9 2.9 1.8 6.2 5.4 5.6 Mar 24 Jun 24 Sep 24 Dec 24 Mar 25 5.3 T2025 17% 4.8 1Q
Slide 6: 1Q25 NIAT grows 6% YoY; operating income up 15% YoY
1Q25 NIAT grows 6% YoY due to impact of net non-operating costs; operating income up 15% YoY, in line with revenues YoY Changes in Margins Profitability Metrics in PHP M Gross Margin OPEX to Sales Operating Income 25.0% 19.0% 23.3% -130 -140 285 24.5% 18.0% 290 15.3% 24.0% bps bps 17.0% 23.5% 280 22
Slide 7: Business Highlights & Outlook
2025 Business Highlights & Outlook
Slide 8: Sustainably growing Shakey's for the past 50 years
Sustainably growing Shakey’s for the past 50 years driven by meaningfully growing our brand, our stores, and our people 50 YEARS OF SHAKEY’S IN THE PHILIPPINES Serving Fun, Family, Pizza since 1975 First Shakey’s Store Along Makati Avenue Shakey’s Store Staff (1980s) (March 1975) Full-Service Restau
Slide 9: Replicating Shakey's success across a diverse multi-brand portfolio
We aspire to replicate our success in Shakey’s across our geographically diverse, multi-brand portfolio for long-term sustainable growth DOMESTIC INTERNATIONAL CORE BRAND #1 full-service chain restaurant STRONG GROWTH & full-service pizza chain CHALLENGER BOOSTER EMERGING PC: World's best flavored f
Slide 10: We BUILD our BRAND equity with campaigns and offerings
We BUILD our BRAND equity, launching campaigns and offerings that keep our brands' relevance amongst our key demographics GOLDEN ANNIVERSARY CAMPAIGN SEASONAL OFFERINGS Partnering with various brand ambassadors and Keeping brands top-of-mind with occasion-based menu items and merchandise introducing
Slide 11: BUILD global network expansion with digital stores and loyalty infrastructure
We stay the course to BUILD both our global network expansion together with our digital stores and loyalty infrastructure DOMESTIC AND INTERNATIONAL EXPANSION LEADING EDGE DIGITAL AND LOYALTY PROGRAM Expanding retail footprint globally Promoting Super App and Supercard usage to boost guest engagemen
Slide 12: We BUILD an ecosystem of leaders: employees, franchisees and partners
We BUILD an ecosystem of leaders that encompass our employees, franchisees and partners, aspiring to create positive and sustainable impact as we grow globally DEVELOPING LEADERSHIP BASE RECOGNIZING EXEMPLARY PERFORMANCE INCLUSIVE HIRING Equipping our next generation of SPAVI leaders Cultivating exc
Slide 13: 2025 Topline and Bottomline Growth Outlook
2025 Topline and Bottomline Growth Outlook Topline Guidance Performance Drivers in PHP B Domestic and international expansion to accelerate in Double Digit succeeding quarters SWS YoY Growth Continue strategic investments to support international expansion in identified markets 21.7 Brand building a
Slide 14: Long-term Growth Outlook
Long-term Growth Outlook DELIVERING A SUSTAINED CONTINUED NEW & CONTINUED INVESTMENT IN DOUBLE-DIGIT ACCELERATED TOPLINE GROWTH PEOPLE AND BOTTOMLINE DOUBLE-DIGIT TRAJECTORY INFRASTRUCTURE driven by normalized SSSG and GROWTH GROWTH RUN network expansion with CAPEX to support topline amidst strategi
Slide 15: SuperCHARGED, SuperWOW!
SuperCHARGED, SuperWOW! SHAKEY’S PIZZA ASIA VENTURES, INC. 1Q25 EARNINGS PRESENTATION MAY 2025
Slide 16: Financials
Other FINANCIALS
Slide 17: 1Q 2025 Summarized P&L
1Q 2025 Summarized P&L Δ 1Q25 In PHP M 1Q 2024 1Q 2025 vs 1Q24 • 1Q25 systemwide sales grew 17% YoY, Systemwide Sales 4,782 5,578 17% driven by the: Total Revenue 3,091 3,511 14% o impact of network expansion which grew 20% YoY and Cost of Sales (2,372) (2,739) 15% o supported by a resilient SSSG Gr
Slide 18: 1Q 2025 Summarized Balance Sheet
1Q 2025 Summarized Balance Sheet In PHP M Dec 2024 Mar 2025 In PHP M Dec 2024 Mar 2025 Cash 1,320 988 Trade and Other Payables 2,213 1,771 Receivables 1,560 1,391 Short-Term Debt 1,048 1,368 Inventories 1,760 1,849 Other Current Liabilities 536 547 Other Current Assets 630 696 Total Current Liabilit
Slide 19: 1Q 2025 Summarized Cash Flows
1Q 2025 Summarized Cash Flows In PHP M 1Q 2024 1Q 2025 Higher cash position in 1Q25 Income before Income Tax 173 192 compared to the prior year Depreciation and Amortization 158 224 Changes in Working Capital (226) (545) 2025 negative change in operating Other Operating Cash Flows 90 117 cash flows
Slide 20: Key Financial Ratios
Key Financial Ratios 1.2 1.1 1.9 1.9 Net Net Interest Bearing Debt-to-Equity (x) Debt-to-EBITDA (x) FY24 1Q25 FY24 1Q25 0.6 0.6 14.2% 14.0% Net Return on Equity Gearing (x) (ROE) FY24 1Q25 FY24 1Q25 • Gearing ratios are manageable and remain at healthy levels • ROE stable in the mid-teens territory
Slide 21: Cash Conversion Cycle
Cash Conversion Cycle WORKING CAPITAL RECEIVABLES 1,107 1,560 1,391 1,469 24 37 • Working capital 39 34 increase reflect net timing FY24 1Q25 FY24 1Q25 differences in: Working Capital WC Days Receivable Receivable Days o settlement of trade payables and o collection of franchisee INVENTORY PAYABLES
Slide 22: Serving You Through Thick and Thin
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