Sphera Franchise Group Sa · BVB:SFG
Sphera Franchise Group Sa — H1 2021 Earnings Presentation
24 slides from Sphera Franchise Group Sa's earnings presentation, Aug 31, 2021
Slide 1: Sphera Franchise Group Investor & Analyst Call H1 2021 Results
Sphera Franchise Group Investor & Analyst Call H1 2021 Results 31.08.2021
Slide 2: Disclaimer
Disclaimer This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of shares issued by Sphera Franchise Group SA ("Sphera"), or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy shares in Sphera. Neither
Slide 3: Welcome to SFG's H1 2021 Results Call
Welcome to SFG’s H1 2021 Results Call Calin Ionescu Valentin Budes Monica Eftimie Zuzanna Kurek CEO CFO CMO IR Sphera Franchise Group’s unaudited H1 2021 results are available for download on our website: www.spheragroup.com. The recording of this conference call will be available on our website sho
Slide 4: Agenda for today's call
Agenda for today’s call 1 H1 2021 Highlights 2 Business updates from Q2 2021 & beyond 3 Brand performance 4 Q&A session 5 Annex: Key H1 2021 financials 4
Slide 5: H1 2021 Highlights
H1 2021 Highlights WN severe
Slide 6: SFG Performance in H1 2021
SFG Performance in H1 2020 • Best Q2 in history for all store performance: After a long period of instability caused by the novel coronavirus pandemic, Sphera Franchise Group closed Q2 2021 with record- Data in RON’000 H1-21 H1-20 Y/Y % high results and the best second quarter in the company’s histo
Slide 7: SFG H1 2021 Performance
SFG H1 2021 Performance 444.5 +46 % 434.1 +35 % 30.7 8% 1,86 233.1 304.6 322.4 225.8 H1 9% +92 % 4% 106.3 +11 +99 17.6 117.5 Q2 Q2 Q2 +271% Q1 211.4 +7% % 204.8 208.3 198.3 Q1 Q1 +2 13.1 1.6 Q1 3.5 2020 2021 2020 2021 Q2 2020 -2.0 2021 Restaurant Sales Expenses (Restaurant + G&A) Normalized EBITDA i
Slide 8: SFG H1 2021 Performance breakdown
SFG H1 2021 Performance breakdown Contribution to H1 2021 turnover Market evolution • Sales in Romania grew 119% in Q2 2021 compared to Q2 2020, and consequently the Group registered best quarter since pandemic started and the best Q2 in history. H1 2021 sales in Romania grew 46% 4.9% compared to H1
Slide 9: Business updates from Q2 2021 & beyond
Business updates from Q2 2021 & beyond 9
Slide 10: Facilities granted by the state, lease discounts
Facilities granted by the state, lease discounts Facilities granted by the state • Technical unemployment: In H1 2021, the indemnities for technical unemployment were in total amount of RON 2.47 million, out of which RON 1.27 million were facilities granted in Q1 2021 and RON 1.2 were granted in Q2
Slide 11: Restaurant plan development
Restaurant plan development Number of stores • 161 restaurants operated: SFG operated 161 restaurants as of 30.06.2021, out of which 140 based in Romania, 19 in Italy and 2 in Republic of Moldova. • 4 new openings in H1 2021: In H1 2021, SFG opened 2 new KFC stores in Romania, in Sfantu Gheorghe and
Slide 12: Capital markets
Capital markets VEKTOR score • 10/10: In March 2021, Sphera launched an updated version of its corporate website. Together with the relaunch of the website, Sphera requested an update to the VEKTOR Index assessment that is carried out by ARIR which measures the quality of communication of BVB issuer
Slide 13: Sales & Marketing
Sales & Marketing Sales • In-store sales gained share compared to previous 2 quarters: 29% of all orders (RON 67.6 million) were delivered in Q2 2021 by aggregators or using Sphera’s own delivery capacity, registering a 2pp decrease QOQ in favour of in-store sales. • Expectation for in-door dining t
Slide 14: Brand performance
Brand performance WN severe
Slide 15: KFC Romania
114.9% KFC Romania All Store Performance 15.9% 14.3% Q1’20 Q2’20 Q3’20 Q4’20 2020 2019 Q1’21 Q2’21 -9.9% -11.5% -17.1% • In Q2 2021, the results of KFC Romania skyrocketed -22.4% as all store performance improved 115% YOY. The increase in vaccinations and the resulting thereof -51.6% relaxation of C
Slide 16: KFC Italy & KFC Republic of Moldova
All Store Performance KFC Italy & KFC Republic of Moldova 114.5% 11.4% Q2’20 Q3’20 Q4’20 2020 2.8% KFC Italy Q1’20 -11.7% Q1’21 Q2’21 -22.3% -33.5% -48.1% • Like-for-like performance in Italy in Q2 2021 surged 85% YOY, as the lockdown measures imposed at the end of Q1 started. • New locations opened
Slide 17: Pizza Hut & Taco Bell
Pizza Hut & Taco Bell All Store Performance Pizza Hut 108.4% • After difficult period, in Q2 2021 Pizza Hut registered a 108% YoY increase in all store performance, despite a lower number of stores compared to the same period of last year. 7.3% Q4’20 2020 Q1’21 Q1’20 Q2’20 Q3’20 • Despite the loss r
Slide 18: Q&A session
Q&A session WN severe
Slide 19: Annex: Key H1 2021 financials
Annex: Key H1 2021 financials 19
Slide 20: Summary of H1 2021 Consolidated FS
Summary of H1 2021 Consolidated FS 20 Results excl. IFRS16
Slide 21: Summary of H1 2021 Consolidated FS
Summary of H1 2021 Consolidated FS (with and without IFRS 16 impact) 21
Slide 22: Breakdown of H1 2021 results by entity
Breakdown of H1 2021 results by entity 22 Results excl. IFRS16
Slide 23: Overview of the H1 2021 G&A expenses
Overview of the H1 2021 G&A expenses (with and without IFRS 16 impact) 23
Slide 24: Thank you for joining!
Thank you for joining! Sphera Franchise Group’s unaudited H1 2021 results are available for download our website: www.spheragroup.com. The recording of this conference call will be available on our website shortly. For any questions related to Sphera Franchise Group’s activity on the Bucharest Stock
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