Red Robin Gourmet Burgers, Inc. · NASDAQ:RRGB
Red Robin Gourmet Burgers — Q1 2021 Earnings Presentation
15 slides from Red Robin Gourmet Burgers's earnings presentation, May 25, 2021
Slide 1: First Quarter 2021 Results
First Quarter 2021 Results May 25, 2021
Slide 2: Forward-Looking Statements
RG Robin Forward-Looking Statements cami sinand Forward-looking statements regarding the Company's future performance, demand and business recovery, growth drivers, long-term value creation, revenue and comparable revenue growth, sales and profitability including sales trajectory, off-premises sales
Slide 3: Red Robin First Quarter Financial and Operating Results
Red Robin First Quarter Financial and Operating Results + Red Robin entered fiscal 2021 with substantially improved guest satisfaction scores, and positioned itself to be a leading choice as Guests return to restaurants e At the end of the first quarter, more than half of our Company-owned restauran
Slide 4: Recent Performance and Dining Room Openings
Recent Performance and Dining Room Openings . Began fiscal 2021 amidst the resurgence of the COVID-19 pandemic, with 236 comparable Company-owned restaurants open for indoor dining + Throughout the first quarter of 2021 drove consistent, sequential improvement in average weekly net sales and re-open
Slide 5: Recent Performance and Dining Room Openings
Recent Performance and Dining Room Openings REIRobin GOURMET BURGERS se BREWS ¢ — Improving operations through the early portion of fiscal year 2021: Period Ended Company-owned Restaurants 16-May Net comparable” restaurant revenues (26.7)% (22.9)% 21.9% 165.9% 102.6% - oS restaurant revenues compare
Slide 6: Deliver long-term value creation for shareholders
New service Menu model rationalization Investment in Donatos® technology Significant off- Portfolio premises growth optimization Deliver long-term value creation for shareholders
Slide 7: Comparable Restaurant Revenue Trend
Comparable Restaurant Revenue Trend") 15.0% 10.0% 10.0% 5.0% 1.6% 1.3% 0.0% H = Bite = 1.5% 5.0% 3.3% -10.0% “15.0% 128% -20.0% -20.8% -25.0% -25.1% -30.0% 29.0% -35.0% 40.0% 414% 45.0% Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 I Compared to the same period in fiscal year 2019 Calculated
Slide 8: Continued Off-Premises Sales Growth
Continued Off-Premises Sales Growth REVRobin GOURMET BURGERS se BREWS US Comp Locations Off-Premise Sales as a % of Gross F&B Sales 70.0% 63.8% 60.0% 50.0% 40.0% 30.0% 26.3% 20.0% 11.6% 12.5% 13.2% 13.9% . a 7 o a 0.0% at-19 02-19 3-19 a4-19 ry ass aE _ =
Slide 9: Appendix
Appendix
Slide 10: First Quarter 2021 Sales Highlights
First Quarter 2021 Sales Highlights REIRobin GOURMET BURGERS se BREWS Q1-21 Q1-20 Change t at-19 ge to 19°) (16 Weeks) (16 Weeks) (16 Weeks) Restaurant revenue $318.7 million $301.4 million 5.7% $400.5 million (20.4)% Total company revenues $326.3 million $306.1 million 6.6% $409.9 million (20.4)% C
Slide 11: First Quarter 2021 Restaurant Results
RG Robin First Quarter 2021 Restaurant Results Lnieroent miata Favorable Favorable % of Restaurant %ofRestaurant (Unfavorable)to %ofRestaurant (Unfavorable) to Revenue Revenue Revenue 19 Q1-21 Q1-20 Qi-19?) (bps) Cost of sales 21.7% 23.4% 170 23.4% 170 Labor 35.0% 39.3% 430 35.7% 70 Other operating
Slide 12: First Quarter 2021 Commodity Update
R. Robin First Quarter 2021 Commodity Update sinatrseen eet % of Total COGS in Q’ Variable vs. ed Pi Ground beef 15.0% 25% fixed through 12/21 Steak fries 12.9% 100% fixed through 10/21 Poultry 11.0% Turkey fixed through 12/21; Chicken fixed through 2/22") Produce 7.0% 70% fixed through 10/21 Bread
Slide 13: Restaurant Level Operating Profit Reconciliation to Income (Loss) from Operations and Net Income (Loss)
Restaurant Level Operating Profit Reconciliation to Income REVRobin (Loss) from Operations and Net Income (Loss) Stuns eet? ($ in thousands) 2019 2020 2021 ai Q2 Q3 a4 Qi Q2 Q3 Q4 Qi Restaurant revenue $400,484 $302,418 $289,862 $296,757 $301,434 $160,144 $197,009 $195,549 $318,677 Restaurant operat
Slide 14: EBITDA and Adjusted EBITDA Reconciliation to Net Income (Loss)
EBITDA and Adjusted EBITDA Reconciliation to Net Income (Loss) REVRobin ($ in thousands) GOURMET BURGERS 2 BREWS 2019 2020 2021 a a2 93 a4 a a2 3 a4 at Net income (loss) as reported $639 $981 $(1,821) —-$(7,702)_$(174,298) $(56,261) $(6,179) $39,330) $18,713) Adjustments to net income (loss) Depreci
Slide 15: Reconciliation of Adjusted Net Income (Loss) to Net Income (Loss) and Adjusted EPS
Reconciliation of Adjusted Net Income (Loss) to Net Income (Loss) and (ew Adjusted Earnings (Loss) Per Diluted Share to Earnings (Loss) Per Diluted R d Robin Share GOURMET BURGERS 2 BREWS (Sin thousands, except per share data) i] a 2 a3 as a a2 a at a Net income (loss) as reported $638 $981 S(1.821)
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