Yum! Brands, Inc. · NYSE:YUM
Yum! Brands — Q4 2024 Earnings Presentation
12 slides from Yum! Brands's earnings presentation, Feb 6, 2025
Slide 1: 4Q24 Earnings Presentation
4Q24 Earnings Presentation February 2025 Midtown East | Raleigh, NC
Slide 2: Safe Harbor and Non-GAAP Disclosures
Safe Harbor and Non-GAAP Disclosures Forward-Looking Statements Risk Factors Related to Funding Strategies and Capital Structure Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market Our ability to sell properties and fun
Slide 3: Unequaled Strategic Advantages
Unequaled Strategic Advantages High Quality Open-Air Shopping Center Portfolio 80%+ grocery-anchored neighborhood & community centers Necessity, service, convenience, and value retailers serving the essential needs of our communities Well located in suburban trade areas with compelling demogra
Slide 4: Regency's Mission, Vision, & Values
STATEGY, GOALS, & OBJECTIVES Regency's Mission, Vision, & Values Mission Regency Centers creates thriving environments for retailers and service providers to connect with surrounding neighborhoods and communities. Vision To elevate quality of life as an integral thread in the fabric of our communiti
Slide 5: 2025 Earnings Guidance Summary
2025 Earnings Guidance Summary Full Year 2025 Guidance (in thousands, except per share data) 2024 Actual 2025 Guidance Net Income Attributable to Common Shareholders per diluted share $2.11 $2.25 - $2.31 Nareit Funds From Operations (“Nareit FFO”) per diluted share $4.30 $4.52 - $4.58 Core Operating
Slide 6: '24 Actual to '25 Nareit FFO Guidance Reconciliation
‘24 Actual to ‘25 Nareit FFO Guidance Reconciliation ~6% y/y Nareit FFO/shr growth guidance at the midpoint; primary drivers include: (+) SP NOI: Growth of +3.2% to +4.0%, including credit loss of 75-100bps as a % of revenues (+) Capital Allocation: Accretion from net investment activity, driv
Slide 7: Runway for Commencement Occupancy Upside
Runway for Commencement Occupancy Upside We have further upside opportunity in commenced occupancy, with the potential to exceed prior peak levels Historical Same Property Portfolio Occupancy REGENCY CENTERS 7 EARNINGS PRESENTATION
Slide 8: SNO Commencement Timing & Composition
SNO Commencement Timing & Composition The signed-not-occupied (SNO) pipeline reflects a 300bps SP leased-to-occupied spread and represents ~$44M of incremental base rent ABR Commencement Timing (1) 100% Cumulative ABR Cad 100% 90% 80% Shops Anchors 60% 50% 58% 42% 40% 20% 0% 1H25 2H25 1H26 ABR Recog
Slide 9: Strong Balance Sheet Position
Strong Balance Sheet Position Capital Structure Pro Rata Debt Maturity Profile as of December 31, 2024 (% of total capitalization) Regency aims to have <15% of total debt maturing in any given year <1% 1% 4% 3% 19% $18.7 Billion Total Capitalization 73% Weighted Average Interest Rate: 4.1% Equity We
Slide 10: In-Process Developments & Redevelopments
In-Process Developments & Redevelopments As of 4Q24, Regency's in-process development & redevelopment projects totaled $497 million at ~9% estimated stabilized yields The Shops at Stone Bridge Cambridge Square Oakley Shops at Laurel Fields Cheshire, CT Atlanta, GA Oakley, CA In-Process Developments
Slide 11: Embodied Corporate Responsibility
Embodied Corporate Responsibility Corporate responsibility is strategic to the long-term sustainability and success of our business, our stakeholders, and the environment REGENCY’S FOUR PILLARS OF CORPORATE RESPONSIBILITY People & Our Ethics & Environmental Culture Communities Governance Stewardship
Slide 12: Glossary of Terms
APPENDI X Glossary of Terms Adjusted Funds From Operations (AFFO): An additional performance measure used by Regency that reflects cash available to fund the Company’s business needs and distribution to shareholders. AFFO is calculated by adjusting Core Operating Earnings ("COE") for (i) capital exp