Yum! Brands, Inc. · NYSE:YUM
Yum! Brands — Q1 2024 Earnings Presentation
10 slides from Yum! Brands's earnings presentation, May 1, 2024
Slide 1: 1Q24 Earnings Presentation
1Q24 Earnings Presentation May 2024 Baederwood Shoppes | Jenkintown, PA
Slide 2: Safe Harbor and Non-GAAP Disclosures
Safe Harbor and Non-GAAP Disclosures Forward-Looking Statements Risk Factors Related to Funding Strategies and Capital Structure Our ability to sell properties and fund acquisitions and developments may be adversely impacted by higher market capitalization rates Certain statements in this document r
Slide 3: Unequaled Strategic Advantages
Unequaled Strategic Advantages High Quality Open-Air Shopping Center Portfolio 80%+ grocery-anchored neighborhood & community centers Necessity, service, convenience, and value retailers serving the essential needs of our communities Well located in suburban trade areas with compelling demogra
Slide 4: Regency's Mission, Vision, & Values
STATEGY, GOALS, & OBJECTIVES Regency's Mission, Vision, & Values Mission Regency Centers creates thriving environments for retailers and service providers to connect with surrounding neighborhoods and communities. Vision To elevate quality of life as an integral thread in the fabric of our communiti
Slide 5: 2024 Earnings Guidance Summary
2024 Earnings Guidance Summary Full Year 2024 Guidance (in thousands, except per share data) 1Q 2024 2024 Guidance Previous Guidance Net Income Attributable to Common Shareholders per diluted share $0.58 $1.96 - $2.02 $1.87 - $1.93 Nareit Funds From Operations (“Nareit FFO”) per diluted share $1.08
Slide 6: Nareit FFO – '23 Actual to '24 Guidance Reconciliation
EARNINGS GUIDANCE Nareit FFO – ‘23 Actual to ‘24 Guidance Reconciliation Growth in SP NOI (ex. term fees, ex. ‘20/’21 collections) is contributing +11c/share to 2024 FFO at the midpoint Guidance for COE per share growth (ex. ‘20/’21 reserve collections) is ~3% at the midpoint in 2024 2023 Nareit
Slide 7: Strong Balance Sheet Position
Strong Balance Sheet Position Capital Structure Pro Rata Debt Maturity Profile as of March 31, 2024 (% of total capitalization) Regency aims to have <15% of total debt maturing in any given year <1% 1% 3% 5% 22% $16.2 Billion Total 68% Capitalization Weighted Average Interest Rate: 4.0% Weighted Ave
Slide 8: In-Process Developments & Redevelopments
In-Process Developments & Redevelopments As of 3/31/2024, Regency's in-process development & redevelopment projects totaled $547 million at ~9% estimated stabilized yields The Shops at Stone Bridge Buckhead Landing Bloom on Third Cheshire, CT Atlanta, GA Los Angeles, CA In-Process Developments & Red
Slide 9: Embodied Corporate Responsibility
Embodied Corporate Responsibility Corporate responsibility is strategic to the long-term sustainability and success of our business, our stakeholders, and the environment REGENCY’S FOUR PILLARS OF CORPORATE RESPONSIBILITY People & Our Ethics & Environmental Culture Communities Governance Stewardship
Slide 10: Glossary of Terms
APPENDI X Glossary of Terms Adjusted Funds From Operations (AFFO): An additional performance measure used by Regency that reflects cash available to fund the Company’s business needs and distribution to shareholders. AFFO is calculated by adjusting Core Operating Earnings ("COE") for (i) capital exp