Retail Food Group Limited · ASX:RFG
Retail Food — Morgans Conference & ASX Spotlight Series 2015
30 slides from Retail Food's conference presentation, Oct 23, 2015
Slide 1: Retail Food Group Investor Presentation: An Introduction to RFG
Retail Food Group Investor Presentation An Introduction to RFG Morgans Conference & ASX Spotlight Series October 2015 RETAILFOODGROUP STRENGTH IN BRANDS
Slide 2: Contents
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Slide 3: An Abridged Introduction
Retail Food Group (ASX:RFG) EsPRESSO For personal use only Aah An Abridged Introduction
Slide 4: About The Company
About The Company ASX Listed in 2006, RFG is now: ¢ Australia’s largest owner, developer & manager of retail food i franchise systems; and * A leading roaster of quality coffee & affiliated products Corporate Board of Directors/Executive ASX Code RFG ~~ Colin Archer Independent Non-executive Chairma
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Slide 13: Video: RFG Coffee & Allied Beverage Operations
Video: RFG Coffee & Allied Beverage Operations 13 ReTAILooDGRoUP | dua CE I oe SL SE de
Slide 14: FY16 & Beyond
For personal use only FY16 & Beyond
Slide 15: The Global Opportunity
The Global Opportunity FY15 acquisition activity positions RFG as a genuine global franchisor, coffee roaster & allied For personal use only beverage wholesaler 2
Slide 16: A Company (Still) in Growth
A Company (Still) in Growth For personal use only Sustained & sustainable outcomes demonstrate a company in growth Historical Performance(1) Strong Growth Story • EBITDA CAGR since Listing: 27.6% • Continues to deliver positive outcomes whilst reinvesting in o EBITDA CAGR (FY12-FY15): 20.4% long ter
Slide 17: Strategic Ambitions
Strategic Ambitions For personal use only Coffee & Allied Franchise International M&A Beverage Leverage Project EVO to Establish further offshore Consolidate RFG’s position as Leverage increased sustain growth in AWS, ATV & roasting capacity to efficiently a genuine global franchisor & acquisitive g
Slide 18: Growth Opportunities
Growth Opportunities FY15 acquisition activity & resultant reprioritisation of revenue drivers has established long For personal use only term growth opportunities, domestically & internationally RFG now possesses expanded management skills & global reach, presenting a plethora of new opportunities
Slide 19: Outlook
Outlook Established Platform for Growth For personal use only Net Profit After Tax(1) • RFG enthusiastic regarding FY16 & longer term performance 70 o Proven business model 60 o Solid platform laid for enhanced performance, including 50 o Full year contributions from FY15 acquisitions 40 o Experienc
Slide 20: Appendix: FY15 Results Highlights
(1) Appendix: FY15 Results Highlights For personal use only (1) For detailed discussion of FY15 performance refer ASX announcements 27/08/15: • FY15 Full Year Statutory Accounts; and • FY15 Results Presentation
Slide 21: FY15 Continued Record Outcomes
FY15 Continued Record Outcomes Unique growth platform & business model delivering record performance For personal use only FY15 Performance(1) Remarkable Outcomes FY14 FY15 Change • Transformed into genuine global enterprise with significant international footprint Revenue(2) $128.8m $210.4m 63.4% •
Slide 22: FY15 Earnings Reconciliation
FY15 Earnings Reconciliation For personal use only FY14 FY15 EBITDA Adjustments Reported Underlying LFL Reported Reported EBITDA $59.4m ($m) Acquisition, Integration & $29.4m EBITDA $59.1m $88.8m $86.5m $59.4m Restructuring Costs(1) PCP% 50.2% 46.4% 0.5% Underlying EBITDA $88.8m NPAT $36.9m $55.1m $
Slide 23: Shareholder Outcomes Aligned with Performance
Shareholder Outcomes Aligned with Performance Rewarding shareholders with record earnings & dividends For personal use only 100 40 90% 90 35 80% 80 30 70% Cents per Share 70 60% 25 $ Millions 60 50% 50 20 40% 40 15 30% 30 10 20% 20 10 5 10% 0 0 0% FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY09 FY10 FY11 FY
Slide 24: FY15 Acquisition Scoreboard
FY15 Acquisition Scoreboard A ‘glorious’ result For personal use only FY15 EBITDA Initial Full Synergy & Development FY15 EBITDA Return on Acquisition Guidance Integration Leverage Potential Contribution(1) Capital(3) Achieved Completion Extraction Priority $1.6m 100% 75% 15.1% $15.3m(2) +9.3% 75% 5
Slide 25: FY15 Brand System Results Summary - Financial
FY15 Brand System Results Summary - Financial Gross Franchise Revenue Network For personal use only Franchise Revenue Net Coffee International EBITDA ($m) Division Sales ($m) Total ($m) ($m) Contribution ($m) Contribution ($m) FY15 PCP FY15 PCP FY15 PCP FY15 PCP FY15 PCP FY15 PCP 160.5 (1.1)% 15.9 1
Slide 26: FY15 Brand System Results Summary - Operational
FY15 Brand System Results Summary - Operational For personal use only New Outlets EVO Traction Division SSS (%) ATV (%) Total Outlets (Organic) (% of network) 3.9% 3.7% 20 341 34% Traditional 1.9% 2.8% 10 250 13% 1.1% 2.3% 16 294 32% Total: 2.4% 2.9% 46 885 27% Coffee 5.5% 3.1% 80 887(1) Not Applica
Slide 27: FY15 Brand System Highlights
FY15 Brand System Highlights Healthy Franchise Network For personal use only SSS Growth • Positive SSS/ATV growth(1) 6 5.5 5 o Group SSS growth: 2.9% 3.9 4 3.5 o Group ATV growth: 3.4% 2.7 3 2.2 • Results driven by 1.9 1.9 2 % 1.1 1.3 1 o Ongoing Project EVO traction (27% penetration across 0 Tradit
Slide 28: Cash Flow & Financial Position
Cash Flow & Financial Position FY14 FY15 FY14 FY15 For personal use only Cash Flow $’m $’m Financial Position $’m $’m Receipts from customers 175.5 263.6 Assets: Payments to suppliers & employees (124.9) (198.5) Cash reserves 11.6 17.1 Trade receivables 23.7 43.9 Gross operating cash flows 50.6 65.1
Slide 29: Capital Management
Capital Management Proceeds/Value Issued Share Reconciliation For personal use only Shares Price ($) ($m) Shares on issue 1 July 2014 144,868,508 Dividend Reinvestment Plan (Final FY14 Dividend) 1,168,051 4.66 5.44 Institutional/Sophisticated Investor Placement 8,333,334 4.80 40.00 Gloria Jean’s Cof
Slide 30: Disclaimer
Disclaimer For personal use only No responsibility for contents of Presentation To the maximum extent permitted by law, Retail Food Group Limited (ABN 31 106 840 082), its officers, advisers and representatives: • make no representation, warranty or undertaking, and accept no responsibility or liabi
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