Jubilant Foodworks Limited · NSE:JUBLFOOD
Jubilant Foodworks — Q3 FY2020 Earnings Presentation
19 slides from Jubilant Foodworks's earnings presentation, Jan 29, 2020
Slide 1: Exchange cover letter for Press Release and Earnings Presentation
JFL/NSE-BSE/2019-20/109 January 29, 2020 BSE Ltd. National Stock Exchange of India Limited 25th Floor, P.J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai-400001 Bandra (E), Mumbai- 400051 Scrip code: 533155 Symbol: JUBLFOOD Sub: Press Release alongwith Earnings Presentation for Q
Slide 2: Press Release - Financial Results for Q3 & 9M FY2020
Jubilant FoodWorks Limited Press Release - Financial Results for Q3 & 9M FY2020 Performance Snapshot – Q3 FY20 14.1% Revenue Growth, EBITDA Margin of 23.9%, 47 stores opened Operational Revenue at Rs.10,596 million, growth of 14.1% Domino’s Like-for-Like (LFL) Sales growth at 7.2%, Same Store Gr
Slide 3: Store Matrix
Store Matrix Domino’s Pizza Particulars Q3 FY20 Q3 FY19 9M FY20 9M FY19 Like-for-Like Growth* 7.2% 15.2% 6.5% 20.4% SSG** 5.9% 14.6% 5.0% 20.0% Network data Restaurant at the beginning of the period 1,283 1,167 1227 1,134 New Restaurants 44 35 110 72 Closed restaurants 2 2 12 6 Restaurants at the en
Slide 4: About Jubilant FoodWorks Ltd
About Jubilant FoodWorks Ltd: Jubilant FoodWorks Limited (JFL/Company) is part of Jubilant Bhartia group and is one of India’s largest food service Company, with a network of 1,325 Domino’s Pizza restaurants across 282 cities (as of December 31, 2019). The Company has the exclusive rights to develop
Slide 5: Q3 & 9M FY20 Jubilant FoodWorks Limited
Q3 & 9M FY20 EARNINGS PRESENTATION January 2020 Jubilant FoodWorks Limited
Slide 6: Highlights Q3 FY20
• Operational Revenues stood at Rs. 10,596 mn, growth of 14.1% • Domino‟s Pizza “Like-for-like” (LFL) Sales Growth at 7.2%. Same Store Sales Growth (SSG) at 5.9% • JFL EBITDA for the quarter stood at Rs. 2,536 mn, 23.9% of Net Sales • Domino‟s Pizza – 44 Stores opened, 2 Stores closed. Total at 1325
Slide 7: Results Trends
Results Trends Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY20 FY20 (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (With IND- (With IND- (With IND- AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) System Growth 26.0% 21
Slide 8: Domino's Pizza Network Data
DOMINO’S PIZZA NETWORK DATA Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY19 FY19 FY19 FY19 FY20 FY20 FY20 Restaurant at the 1,134 1,144 1,167 1,200 1,227 1,249 1,283 beginning of the period New Restaurants 13 24 35 30 26 40 44 HIGHLIGHTS Closed restaurants 3 1 2 3 4 6 2 DOMINO’S Restaurants at the end 1,144 1,167 1,200 1
Slide 9: Online Ordering (OLO)
Online Ordering (OLO) Period Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Average OLO contribution to 65% 68% 73% 75% 81% 85% 87% delivery sales Mobile Ordering sales 2 new city added in Q1 FY19 83% 85% 88% 88% 89% 93% 95% contribution to overall OLO Downloads of mobile ordering 10.9 mn 1
Slide 10: New Campaign
New Campaign A new brand campaign – ‘Dil, Dosti, Domino’s!’ “Domino‟s Pizza has always been a catalyst for creating Tasty Moments of Togetherness. The brand 2 new city added in Q1 FY19 has launched a new campaign „Dil, Dosti, Domino‟s!‟ to further strengthen that relationship with its consumers” 6
Slide 11: New Product Launches
New Product Launches 2 new city added in Q1 FY19
Slide 12: Dunkin' Donuts Network Data
DUNKIN’ DONUTS NETWORK DATA Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY19 FY19 FY19 FY19 FY20 FY20 FY20 Restaurant at the 37 37 32 32 31 30 30 beginning of the period HIGHLIGHTS New Restaurants 1 0 0 0 0 0 2 DUNKIN’ Closed restaurants 1 5 0 1 1 0 0 Restaurants at the end DONUTS of the period 37 32 32 31 30 30 32 RESTAU
Slide 13: Quarterly Standalone Financials
Quarterly Standalone Financials Q3 FY20 # Q3 FY20 Q3 FY19 Growth% Growth% Particulars (Rs. mn) (With IND-AS 116) (W/O IND-AS 116) (W/O IND-AS 116) (Respective AS) (W/O IND-AS 116) Revenue from operations (Net) 10,596 10,596 9,291 14.1% 14.1% Other Income 159 152 138 15.3% 10.0% Total Income 10,755 1
Slide 14: Nine Monthly Standalone Financials
Nine Monthly Standalone Financials 9M FY20 # 9M FY20 9M FY19 Growth% Growth% Particulars (Rs. mn) (With IND-AS 116) (W/O IND-AS 116) (W/O IND-AS 116) (Respective AS) (W/O IND-AS 116) Revenue from operations (Net) 29,879 29,879 26,655 12.1% 12.1% Other Income 484 473 318 52.4% 48.9% Total Income 30,3
Slide 15: Overview on new lease accounting standard IND AS 116
Overview on new lease accounting standard IND AS 116 New lease standard is effective 1st April 2019. Unlike old standard there is no distinction between finance lease & operating lease. All leases in BS to be recognized as assets & liabilities. Calculation of assets & liabilities: Lease li
Slide 16: What is Changing
What is Changing A comparison of balance sheet and income statement – The “Before” and “After” in the books of a Lessee 2 new city added in Q1 FY19 12
Slide 17: Management Views
MANAGEMENT VIEWS Commenting on the performance for Q3 FY20, Mr. Commenting on the performance for Q3 FY20, Mr. Pratik Pota, Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, CEO and Whole time Director, Jubilant FoodWorks Limited Co-Chairman, Jubilant FoodWorks Limited said, said, “We have maintai
Slide 18: Key Focus Areas
KEY FOCUS AREAS FORTRESS ELEVATE SUSTAINED BUILD WIN IN DOMINO’S CUSTOMER TECHNOLOGY PORTFOLIO OF INTERNATIONAL IN INDIA EXPERIENCE INVESTMENT BRANDS EFFICIENCY AND PRODUCTIVITY 14
Slide 19: Jubilant FoodWorks company description
Jubilant FoodWorks Limited (JFL/Company) is part of Jubilant Bhartia group and is one of India‟s largest food service Company, with a network of 1325 Domino‟s Pizza restaurants across 282 cities (as of December 31, 2019). The Company has the exclusive rights to develop and operate Domino‟s Pizza bra