Collins Foods Limited · ASX:CKF
Collins Foods — Shareholder Meeting (September 2015)
18 slides from Collins Foods's shareholder meeting presentation, Sep 1, 2015
Slide 1: 2015 Annual General Meeting
For personal use only COLLINS FOODS LIMITED 2015 ANNUAL GENERAL MEETING 1 September 2015
Slide 2: Chairman's address
For personal use only Chairman’s address Robert Kaye SC
Slide 3: Managing Director & CEO address
For personal use only Managing Director & CEO address Graham Maxwell
Slide 4: FY15 financial overview
FY15 financial overview For personal use only FY14 FY15 Significant FY15 Change • Underlying NPAT up 37.4% to $24.6m versus FY14 Underlying[1] Statutory[2] items [3] Underlying[2] $m Underlying • Underlying Revenue up 34.4% up to $571.6m Revenue 425.1 571.6 571.6 34.4% • EBITDA up 37.5% to $67.4m
Slide 5: Strong growth across KFC
Strong growth across KFC For personal use only FY14 FY15 [1] [2] Change $m Underlying Underlying • Underlying revenue up 46.7% with SSS up 4.8% Restaurants - year end 125 171 46 • 6 new restaurants built, 16 major remodels Revenue 329.3 483.1 46.7% • Disciplined focus on cost controls improving
Slide 6: Building a great brand with products, customer experience and assets
Building a great brand with products, customer experience and assets For personal use only • KFC Brand supported by compelling core products and great brand building • Focus on customer experience to drive top line • Investing in assets to drive growth Page 5
Slide 7: Sizzler Australia now regarded as non-core to strategic growth in Australia
Sizzler Australia now regarded as non-core to strategic growth in Australia For personal use only • Sizzler Australia now regarded as non-core to FY14 Significant FY15 Collins Foods strategic growth Total Sizzler Underlying FY15 [2] Change [1] items Underlying $m Limited number of restaurants will
Slide 8: Strong cash generation supporting a healthy balance sheet
Strong cash generation supporting a healthy balance sheet For personal use only FY14 FY15 • Net cash flow positive $4.9m $m • Net operating cash flows before interest and tax up Net operating cash flows before interest and tax 57.5 71.0 $13.5m due to strong EBITDA offset by a working Net interest pa
Slide 9: Stronger debt profile and growing returns
Stronger debt profile and growing returns For personal use only Net Debt / Net Leverage Ratio $140 2.75 $128.0m $122.8m $120 2.50 Net Leverage Ratio $100 2.25 • Net debt down $5.2m to $122.8m 2.22 Net Debt $m $81.4m $80 2.00 1.83 $60 1.75 1.72 • Increased covenant headroom with net $40 1.50 leverage
Slide 10: Looking forward
Looking forward For personal use only • Continued disciplined focus on KFC business • 8 new store builds and 18 major remodels • Continued focus on margin improvement in KFC WA/NT • Continue to refine Snag Stand concept with ongoing investment in the brand • Continue to explore new avenues for growt
Slide 11: AGM Business
For personal use only AGM Business
Slide 12: Item 1. Financial and other reports
Item 1. Financial and other reports For personal use only To receive and consider the Financial Report, Directors’ Report and Independent Auditor’s Report of the Company and its controlled entities for the financial period ended 3 May 2015 Page 11
Slide 13: Item 2. Election of Director – Robert Kaye SC
Item 2. Election of Director – Robert Kaye SC For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution • “To elect as a Director of the Company, Robert Kaye SC who was appointed as a Director by the Board on 7 October 2014.” PROXIES Number Per
Slide 14: Item 3. Re-election of Director – Newman Manion
Item 3. Re-election of Director – Newman Manion For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution • “To re-elect as a Director of the Company Newman Manion who, being a Director of the Company, retires and, being eligible, offers himsel
Slide 15: Item 4. Re-election of Director – Kevin Perkins
Item 4. Re-election of Director – Kevin Perkins For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution • “To re-elect as a Director of the Company Kevin Perkins who, being a Director of the Company, retires and, being eligible, offers himsel
Slide 16: Item 5. Adoption of Remuneration Report
Item 5. Adoption of Remuneration Report For personal use only To consider and, if thought fit, to pass the following as an ordinary resolution • “That the Remuneration Report (which forms part of the Directors’ Report) in respect of the period ended 3 May 2015 be adopted.” • Note: This resolution is
Slide 17: Item 6. Proposed issue of Performance Rights to Graham Maxwell under LTIP
Item 6. Proposed issue of Performance Rights to Graham Maxwell under LTIP For personal use only To consider and, if thought fit, to pass the following as an ordinary resolution • “That for the purpose of Listing Rule 10.14 and for all other purposes, approval is given for the issue to the Managing D
Slide 18: Disclaimer
Disclaimer For personal use only This presentation contains forward looking statements which may be subject to significant uncertainties beyond CKF’s control. No representation is made as to the accuracy or reliability of forward looking statements or the assumptions on which they are based. Circums