Jubilant Foodworks Limited · NSE:JUBLFOOD
Jubilant Foodworks — Q1 FY2021 Earnings Presentation
24 slides from Jubilant Foodworks's earnings presentation, Sep 2, 2020
Slide 1: Disclosure under Regulation 30 - Press Release with Earnings Presentation
JFL/NSE-BSE/2020-21/38 September 02, 2020 BSE Ltd. National Stock Exchange of India Limited P.J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai – 400001 Bandra(E), Mumbai – 400051 Scrip Code: 533155 Symbol: JUBLFOOD Sub: Disclosure under Regulation 30 - Press Release alongwith Earn
Slide 2: Press Release - Financial Results for Q1FY21
Jubilant FoodWorks Limited Press Release - Financial Results for Q1FY21 Noida, 2nd September, 2020 – The Board of Directors of Jubilant FoodWorks Limited today approved the financial results for the quarter ended June 30, 2020. Performance Highlights Q1FY21 Results Revenue from Operations at Rs. 3
Slide 3: Q1FY21 EBITDA, liquidity and management commentary
In Q1FY21, EBITDA stood at Rs. 241 million, at 6.3% of revenue. PAT (Loss) in Q1 came in at Rs. 726 million. The Company enacted several measures to contain the impact of operating de-leverage. Cost-optimization measures like reduction in store operating costs, rent re-negotiation, variabalizing of
Slide 4: Store Matrix
Store Matrix Domino’s Pizza Particulars Q1 FY21 Q1 FY20 SSG* (61.4)% 4.1% Like-for-like Growth** (47.3)% 5.8% (Restaurants temporarily closed due to Covid-19 removed from respective months in last year) Like-for-Like Growth** (61.5)% 5.8% Network data Restaurant at the beginning of the period 1,335
Slide 5: 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 1,354 Domino’s Pizza restaurants across 288 cities (as of June 30, 2020). The Company has the exclusive rights to develop and
Slide 6: Q1FY21 Earnings Presentation
Q1FY21 Earnings Presentation 2nd September 2020
Slide 7: Q1FY21 Highlights
• Revenue from Operations stood at Rs. 3,803 mn, decline of 59.5% • Sharp Decline in operating revenue is on account of: a) Temporary store closures following the Government directive of nation-wide lockdown b) Local restrictions on operational hours • EBITDA for the quarter stood at Rs. 241 mn, at
Slide 8: Continue to deliver responsibly with Zero Contact Delivery
Continue to deliver responsibly with Zero Contact Delivery 2 new city added in Q1 FY19 3
Slide 9: Launch of Zero Contact Dine-in and Zero Contact Takeaway
Launch of Zero Contact Dine-in and Zero Contact Takeaway 2 new city added in Q1 FY19 4
Slide 10: Launch of consumer awareness campaigns across all brands
Launch of consumer awareness campaigns across all brands 2 new city added in Q1 FY19 #OrderKarnaSafeHai Commercial Link 5
Slide 11: JFL forays into FMCG category with ChefBoss
JFL forays into FMCG category with ChefBoss Starting FMCG journey with ready-to-cook products: Masala paste Gravy mixes Cooking sauces Strategic Rationale • Ready-to-cook sauces/paste category which is around INR 500 crore today is expected to grow 2 new city added in Q1 FY19 • JFL possess sup
Slide 12: Fastest to re-open network among QSRs despite a host of challenges
Fastest to re-open network among QSRs despite a host of challenges 1,600 1,330 1,330 1,354 1,356 1,360 78% 83% 78% 1,200 67% 1,126 1,050 1,057 NETWORK 51% 890 REOPENING 800 673 STATUS 400 - April May June July August Average Operational Stores* Store Network % Opertational Stores* 7 *Represent store
Slide 13: Sales Recovery Trends
Sales Recovery Trends System Sales Recovery vs. Last Year Delivery Takeaway Dine In Overall 84.6% 69.8% 154.6% 56.1% 122.4% 40.5% 110.1% 39.8% 93.4% 94.7% 24.1% 80.4% 70.4% 66.7% 47.0% 43.1% 27.7% 11.0% 16.2% 3.6% 0.2% 0.1% 5.8% 2.1% April May June Q1FY21 July August Like-for-like(LFL) Sales Recover
Slide 14: Strategic Choices to Maximize Profitable Growth
Strategic Choices to Maximize Profitable Growth Short-term measures Long-term measures 1 2 3 4 5 Reduction in Store manpower Network Rent fixed and Delivery cost Optimization re-negotiation discretionary spends charges rationalization plan REVISITING ALL COSTS, DRIVING Achieved good progress on rent
Slide 15: Quarter-wise Result Trends
Quarter-wise Result Trends Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 July ‘20 August ‘20 System Revenue 9.9% 12.1% 14.1% 3.8% (59.5)% (30.2)% (15.4)% Growth Domino’s LFL Gr (%) (Restaurants temporarily closed due to Covid-19 5.8% 6.5% 7.2% (2.3)% (47.3)% (22.2)% (10.7)% RESULTS removed from respective
Slide 16: Domino's Pizza Network Data
Domino’s Pizza Network Data Q1 Q2 Q3 Q4 Q1 FY20 FY20 FY20 FY20 FY21 Restaurant at the 1,227 1,249 1,283 1,325 1,335 beginning of the period New Restaurants 26 40 44 13 24 HIGHLIGHTS Closed restaurants 4 6 2 3 5 DOMINO’S Restaurants at the end 1,249 1,283 1,325 1,335 1,354 PIZZA of the period RESTAUR
Slide 17: Online Ordering (OLO)
Online Ordering (OLO) Period Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Average OLO contribution to delivery 81% 85% 87% 89% 99% sales 2 new city added in Q1 FY19 Mobile Ordering sales contribution to 89% 93% 95% 96% 98% overall OLO Downloads of mobile ordering app (cum.) 21.6 mn 25.3 mn 29.4 mn 33.1 m
Slide 18: International Highlights
International Highlights Domino’s Sri Lanka Domino’s Bangladesh (22 stores) (4 stores) INTERNATIONAL OPERATIONS • Fastest in the country to re-open store network (100% • Uninterrupted operations even during lockdown operational since May ‘20) • Opened 1 new store during Q1 • Overall system sales rec
Slide 19: Dunkin' Donuts Network Data
Dunkin’ Donuts Network Data Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Restaurant at the beginning of 31 30 30 32 34 the period HIGHLIGHTS New Restaurants 0 0 2 2 0 DUNKIN’ Closed restaurants 1 0 0 0 4 Restaurants at the end of the DONUTS period 30 30 32 34 30 RESTAURANT NETWORK City/Town Coverage 10 10 10
Slide 20: Management Views
MANAGEMENT VIEWS Commenting on the performance for Q1FY21, Mr. Shyam S. Commenting on the performance for Q1FY21, Mr. Pratik Pota, CEO Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, and Whole time Director, Jubilant FoodWorks Limited said, Jubilant FoodWorks Limited said, “I am proud of the
Slide 21: Quarterly Standalone Financials
Quarterly Standalone Financials Particulars (Rs. mn) Q1 FY21 Q1 FY20 Growth% Revenue from operations 3,803 9,401 -59.5% Other Income 127 153 -16.9% Total Income 3,930 9,554 -58.9% Raw Material & Provisions Consumed 836 2,307 -63.8% Personnel Expenses 1,499 1,842 -18.7% Other Expenses1 1,228 3,061 -5
Slide 22: Quarterly Consolidated Financials
Quarterly Consolidated Financials Particulars (Rs. mn) Q1 FY21 Q1 FY20 Growth % Revenue from operations 3,884 9,491 -59.1% Other Income 129 154 -16.0% Total Income 4,013 9,645 -58.4% Raw Material & Provisions Consumed 855 2,339 -63.4% Personnel Expenses 1,526 1,867 -18.3% 1 Other Expenses 1,257 3,10
Slide 23: Key Focus Areas
KEY FOCUS AREAS STRENGTHEN BUILD DIGITAL FOCUS ON GROW EXPAND CHANNEL STRENGTHS INNOVATION INTERNATIONAL NEW BRAND PLAY AND VALUE PORTFOLIO OPTIMIZE COSTS AND DRIVE EFFICIENCIES 18
Slide 24: Jubilant FoodWorks - About the Company
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 1,354 Domino’s Pizza restaurants across 288 cities (as of June 30, 2020). The Company has the exclusive rights to develop and operate Domino’s Pizza brand