Jubilant Foodworks Limited · NSE:JUBLFOOD
Jubilant Foodworks — H1 FY2020 Earnings Presentation
17 slides from Jubilant Foodworks's earnings presentation, Oct 22, 2019
Slide 1: Cover letter to BSE and NSE
m JUBIlANT ~-o Domino's Pizza www.domlnos.co.ln ~DUNKIN' 9- www.dunklnlndla.com FOODWORKS www.jubllantfoodworks.com JFL/NSE-BSE/2019-20/7Q October 22, 2019 BSE Limited National Stock Exchange of India Limited 25 U1 Floor, P.J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai-400001
Slide 2: Press Release - Financial Results for Q2 & H1 FY20
Jubilant FoodWorks Limited Press Release - Financial Results for Q2 & H1 FY20 Performance Highlights – Q2 FY20 12.1% Revenue Growth, EBITDA Margin of 23.8%, 40 stores opened Operating Revenue at Rs.9,882 million, growth of 12.1%. Domino’s Like-for-Like (LFL) Sales growth at 6.5%, Same Store Grow
Slide 3: Online data and Dunkin' Donuts network data
Online data Particulars Q2 FY20 Q2 FY19 OLO to Delivery Sales % 85% 68% Mobile Ordering sales to OLO % 93% 85% App Download Count cum. (in mn) 25.3 12.6 * “Like-for-like” (LFL) Sales Growth refers to the year-over-year growth in sales for non-split restaurants opened before previous financial year *
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 1,283 Domino’s Pizza restaurants across 276 cities (as of September 30, 2019). The Company has the exclusive rights to develo
Slide 5: Q2 & H1 FY20
Q2 & H1 FY20 EARNINGS PRESENTATION October 2019 Jubilant FoodWorks Limited
Slide 6: Highlights Q2 FY20
• Operational Revenues at Rs. 9,882 mn, growth at 12.1% • Domino‟s Pizza “Like-for-like” (LFL) Sales Growth at 6.5%. Same Store Sales Growth (SSG) at 4.9% • JFL EBITDA at 2,350 mn, 23.8% of Net Sales • Domino‟s Pizza – 40 Stores opened, 6 Stores closed. Total at 1,283 HIGHLIGHTS • Store opening high
Slide 7: Results Trends
Results Trends Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q1FY20 Q2FY20 (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (With IND- (With IND- AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) System Growth 26.0% 21.3% 16.8% 10.9% 9.9% 12.1% 9.9% 12.1% Domino’s LFL Gr 25.9% 2
Slide 8: Domino's Pizza Network Data
DOMINO’S PIZZA NETWORK DATA Q1 Q2 Q3 Q4 Q1 Q2 FY19 FY19 FY19 FY19 FY20 FY20 Restaurant at the 1,134 1,144 1,167 1,200 1,227 1,249 beginning of the period New Restaurants 13 24 35 30 26 40 HIGHLIGHTS Closed restaurants 3 1 2 3 4 6 DOMINO’S Restaurants at the end of 1,144 1,167 1,200 1,227 1,249 1,283
Slide 9: Online Ordering (OLO)
Online Ordering (OLO) Period Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Average OLO contribution to 65% 68% 73% 75% 81% 85% delivery sales 2 new city added in Q1 FY19 Mobile Ordering sales 83% 85% 88% 88% 89% 93% contribution to overall OLO Downloads of mobile ordering 10.9 mn 12.6 mn 15.3 mn 1
Slide 10: Dunkin' Donuts Network Data
DUNKIN’ DONUTS NETWORK DATA Q1 Q2 Q3 Q4 Q1 Q2 FY19 FY19 FY19 FY19 FY20 FY20 Restaurant at the 37 37 32 32 31 30 beginning of the period HIGHLIGHTS New Restaurants 1 0 0 0 0 0 DUNKIN’ Closed restaurants 1 5 0 1 1 0 Restaurants at the end of DONUTS the period 37 32 32 31 30 30 RESTAURANT NETWORK City/
Slide 11: Quarterly Standalone Financials
Quarterly Standalone Financials Q2 FY20 # Q2 FY20 Q2 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) 9,882 9,882 8,814 12.1% 12.1% Other Income 172 169 108 59.0% 55.7% Total Income 10,055 10,
Slide 12: Half Yearly Standalone Financials
Half Yearly Standalone Financials H1 FY20 # H1 FY20 H1 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) 19,283 19,283 17,364 11.1% 11.1% Other Income 325 321 180 80.8% 78.8% Total Income 19,60
Slide 13: 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 14: 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 10
Slide 15: Management Views
MANAGEMENT VIEWS Commenting on the performance for Q2 FY20, Mr. Commenting on the performance for Q2 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, “In the face of
Slide 16: 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 12
Slide 17: About Jubilant FoodWorks
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 1,283 Domino‟s Pizza restaurants across 276 cities (as of September 30, 2019). The Company has the exclusive rights to develop and operate Domino‟s Pizza b