Collins Foods Limited · ASX:CKF
Collins Foods — Shareholder Meeting (September 2018)
20 slides from Collins Foods's shareholder meeting presentation, Sep 6, 2018
Slide 1: Collins Foods Limited
COLLINS For personal use only FOODS LIMITED ACN 151 420 781
Slide 2: Chairman's address
For personal use only Chairman’s address Robert Kaye SC
Slide 3: Managing Director and CEO address
For personal use only Managing Director and CEO address Graham Maxwell
Slide 4: Total Collins Foods revenue
For personal use only Page 3 AUD$ MILLION 571.6 FY15 574.3 FY16 633.6 FY17 Total Collins Foods revenue 770.9 FY18
Slide 5: Total Collins Foods underlying EBITDA & NPAT
Total Collins Foods underlying EBITDA & NPAT For personal use only 94.5 81.3 74.6 67.4 38.9 34.3 AUD$ MILLION 30.1 24.6 FY15 FY16 FY17 FY18 Underlying EBITDA Underlying NPAT Page 4
Slide 6: KFC Australia
KFC Australia NT For personal use only 5 • Acquired 28 restaurants from Yum! with the last restaurant completing on 624.1 7 August 549.5 501.6 • Total restaurant count at 483.1 FY18 was 222* – over 35% of AUD$ MILLION the national footprint QLD 99.3 137 89.8 81.9 74.4 • Innovative products and stron
Slide 7: KFC Europe
KFC Europe For personal use only • Completed the acquisition of 16 KFC restaurants in the Netherlands on 1 September 2017 • Built 4 restaurants in FY18 with a further 2 NETHERLANDS restaurants open post year end • Generated overall revenue of $91.6m and 18 underlying EBITDA of $6.6m in FY18 GERMANY
Slide 8: Taco Bell
Taco Bell For personal use only • Successful launch of Collins Foods’ first Taco Bell in November 2017 • Very positive customer engagement with the brand • Economic model delivering to expectations • Further 3 restaurants to be opened before year end with more to follow Page 7
Slide 9: Sizzler
Sizzler For personal use only • Overall revenue down 22% driven by 2 fewer restaurants in Australia • Royalty revenue up 9.7% in Sizzler Asia due to 5 new restaurant openings and strong value offer • EBITDA of $4.6m for the year at a margin of 9%, up 200 bps on prior year • Sizzler Australia continu
Slide 10: Comfortable net leverage ratio of 2.1 after acquisitions
Comfortable net leverage ratio of 2.1 after acquisitions For personal use only • Net debt up $94.1m driven Net Debt / Net Leverage Ratio (1) by acquisition of 16 KFC Netherlands restaurants and 227.2 28 KFC restaurants in 2.14 Australia • Net leverage ratio at 2.14 at 1.59 133.1 year end 112.5 1.52
Slide 11: Making a difference
Making a difference For personal use only • Collins Foods employs around 13,500 people, of which over 70% are below 20 years of age • We recognise that we are well positioned to positively influence our young employees and we take this seriously by investing in building their life skills and confide
Slide 12: Collins Foods Giving
Collins Foods Giving For personal use only • Collins Foods strives to build strong links in the communities by supporting local charity groups and organisations • Donated over $500k to our employee-selected charities this financial year • Collected over $70k for World Hunger • Donated over $4m since
Slide 13: AGM business
For personal use only AGM business
Slide 14: 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 29 April 2018. Page 13
Slide 15: Item 2. Re-election of Director – Robert Kaye SC
ITEM 2. Re-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 re-elect as a Director of the Company Robert Kaye who, being a Director of the Company, retires and, being eligible, offers himself
Slide 16: 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 himself
Slide 17: 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 himself
Slide 18: Item 5. Performance Rights to Graham Maxwell under the LTIP
ITEM 5. Proposed issue of Performance Rights to Graham Maxwell under the LTIP For personal use only To consider and, if thought fit, to pass the following resolution 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
Slide 19: Item 6. Adoption of Remuneration Report
ITEM 6. 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 29 April 2018 be adopted.” Note: This resolution is
Slide 20: 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. • C