Devyani International Ltd. · NSE:DEVYANI
Devyani International — Q2 FY25 Earnings Presentation
38 slides from Devyani International's earnings presentation, Nov 11, 2024
Slide 1: Regulation 30 intimation to stock exchanges
November 11, 2024 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Symbol: DEVYANI Security Code:
Slide 2: Q2 FY'25 Results Presentation
Q2 FY’25 Results Presentation Nov 11th, 2024
Slide 3: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase any securities (“Securities”) of Devyani International Limited (the “Company”) in India, the Uni
Slide 4: Chairman Comments
Chairman Comments We are thrilled to announce the expansion of DIL's brand portfolio with the addition of three new lifestyle QSR brands. We proudly welcome tealive, a renowned Malaysian tea and beverage brand; New York Fries (NYF), a Canadian quick-service snacking brand, celebrated for it’s french
Slide 5: H1 FY25 - Business Highlights
H1 FY25 - Business Highlights Strengthen Brand portfolio ✓ Executed new exclusive Master Franchise agreements ✓ Tealive – Southeast Asia’s largest lifestyle tea brand ✓ New York Fries / ‘NYF’ – Canadian QSR chain serving French fries, hot dogs and poutine ✓ Sanook Kitchen – Popular Singapore based b
Slide 6: New Brands - Tealive
New Brands - Bubble Tea Brand in Diversified Over 50 SKUs in drinks No.1 Malaysia & S. E.A. Diversified Store Formats Menu Offering and Food Brand Overview Lotus Milk Tea Pearl Milk Grass Jelly Biscoff Tea Milk Tea Milk Tea Chocolate Fresh Milk Milk Tea Bang-Bang with Brown with Brown with Brown Sug
Slide 7: New Brands - New York Fries
New Brands - Recipe unlimited is Canadas largest full Best Fries in Loaded Fries and service restaurant company with Multiple Stores Location Loaded Dogs The Market multiple brands and international presence. Recipe is owned by Fairfax Financial holdings, Canada. NYF is a prominent brand in the port
Slide 8: New Brands - Sanook Kitchen
New Brands - A destination for adventure seeking Sanook kitchen outlets Delightful fusion of Asian Flavour Thai and Asian food lovers, Sanook Kitchen whips up a wide variety of authentic, unpretentious meals at its best. Sanook Kitchen is all about fun, happiness and Asian flavors, with genuine spic
Slide 9: New Brands – Next Steps
New Brands – Next Steps Executed exclusive Master Franchise Agreement Next Steps :- ✓ Detailed discussion with brand franchisors for India entry strategy ✓ Hiring of management teams ✓ Decision on menu – localization of taste and flavors ✓ Development of business plan ✓ Launch and rollout - Apr25 on
Slide 10: Q2 FY25 - Performance Highlights
Q2 FY25 - Performance Highlights Positive store additions Strong Revenue growth ✓ 1,921 Stores as of Sep 30, 2024 Q2 FY25 INR 1,222 Cr; +49.1% YoY ✓ 85 NNUs in Q2 FY25 ✓ KFC India INR 543 Cr ; +6.8% YoY ✓ 296 KFC stores in Thailand as of Sep 30, ✓ PH India INR 185 Cr ; +0.5% YoY 2024 ✓ Costa INR 49
Slide 11: New Store Openings
New Store Openings Net New Units (NNU) Stores as at Stores as at Stores as at Brand Q2 FY24 Q1 FY25 Q2 FY25 FY24 H1 FY25 30 Sep 23 31 March 24 30 Sep 24 KFC 30 21 28 106 49 540 596 645 PH 14 3 23 61 26 535 567 593 Costa 23 13 15 67 28 146 179 207 Vaango 1 9 18 11 27 53 63 90 Others 0 -2 0 0 -2 24 24
Slide 12: Core Brands Stores; India – Regional split
Core Brands Stores; India – Regional split As on Sep 30, 2024 Sep 30, March 31, Sep 30, Core Brand Stores 2023 2024 2024 Delhi NCR 236 253 260 515 521 36% 36% Bangalore 141 163 169 North Kolkata 71 81 86 124 Hyderabad 85 90 100 285 East 8% 20% Other Metro Cities 62 69 72 West Total Metros * 595 656
Slide 13: Performance Trend – DIL Consolidated
Performance Trend – DIL Consolidated Net New Units (Nos) Revenue from Operations Gross Margin 70.8% 69.2% 69.3% 70.8% 69.2% 139 24,440 12,219 8,450 8,474 16,924 85 115 12,221 68 16,661 5,803 11,800 54 8,195 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY
Slide 14: Performance Trend – DIL India
Performance Trend – DIL India Net New Units (Nos) Revenue from Operations Gross Margin 71.2% 71.9% 71.6% 71.3% 71.7% 8,399 8,356 16,755 128 7,787 15,683 6,037 5,983 12,021 84 114 5,545 11,177 68 44 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY2
Slide 15: Performance Trend – DIL International
Performance Trend – DIL International Net New Units (Nos) Revenue from Operations Gross Margin 62.0% 63.7% 65.1% 62.5% 64.4% 3,897 3,943 7,841 11 10 2,482 2,566 5,048 416 996 258 622 1 1 - Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24
Slide 16: Core Brands — KFC in India
PICK ANY AT? TRY 5 EXCITING FLAVOURS THAI | KOREAN | AMERICAN INDIAN INDIAN & SPICY TANGY NASHVILLE TANDOORI SPICY VEG Core Brands — KFC in India
Slide 17: Q2 Net New Stores - 28
Q2 Net New Stores - 28 VYTILLA, KERALA ANJUNA, GOA KALKARE, BANGALORE VASCO, GOA MANJERI, KERALA LOKHRA, GUWAHATI
Slide 18: Business Performance – KFC India
Business Performance – KFC India Revenue and Sales mix ADS and SSSG 540 617 645 540 645 Stores SSSG -3.9% -7.0% -7.0% -2.6% -7.1% 5,090 5,546 5,434 10,253 10,980 109 113 104 96 100 39% 41% 42% 38% 41% Off-Premise On-Premise 61% 59% 58% 62% 59% Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25
Slide 19: KFC Marketing Campaigns
KFC Marketing Campaigns I want what \ienu Sheer has - “ower to make every Indian ope, anda ©C roll
Slide 20: Core Brands – Pizza Hut – India
Core Brands – Pizza Hut – India 19
Slide 21: Q2 Net New Stores - 23
Q2 Net New Stores - 23 ITHUM GALLERIA, NOIDA KHARAR, PUNJAB MALL OF DEHRADUN ROHINI, DELHI AIRPORT, AHMEDABAD
Slide 22: Business Performance – PH India
Business Performance – PH India Revenue and Sales mix ADS and SSSG 535 570 593 535 593 Stores SSSG -10.4% -8.6% -5.7% -7.9% -7.1% 39 39 1,848 3,675 36 35 36 1,840 1,819 3,667 55% 55% 56% 56% 55% Off-Premise On-Premise 45% 45% 44% 44% 45% Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY2
Slide 23: New Initiatives
New Initiatives Tex. | canes’ @ fae feb, fees so i (@) PRESENTING UTSAV : %s — Ze >, MOMO Mi fil } vo PIZZA JUICY MOMOS £4 CHEESY PLLA | DINE-IN | ORDER ONLINE ed @ wie | SPECIAL ONAM 8 a MEAL FLAT 5 0 A weas29g (Mg Eve ‘LL PERSONAL & MEDIUM PIZZAS, (Except Classic Range) EXCLUSIVELY ON WALK-IN = DI
Slide 24: Core Brands – Costa Coffee – India
Core Brands – Costa Coffee – India
Slide 25: Q2 Net New Stores 15
Q2 Net New Stores 15 RMZ INFINITY, BANGALORE BPTP, NOIDA KHARAR, PUNJAB BHARISONS, INDORE BARCLAY 2, NOIDA CYBER CITY, GURGAON
Slide 26: Business Performance – Costa India
Business Performance – Costa India Revenue ADS and SSSG 146 192 207 146 207 Stores SSSG 8.5% 0.6% 8.7% 6.7% 3.9% 945 31 32 490 455 28 27 27 346 670 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Gross Margin Brand Contribution 76.3% 75.0% 75.0% 76.8% 75.0% 14.6% 15.0
Slide 27: Marketing Initiatives
Marketing Initiatives dil
Slide 28: 27
27
Slide 29: Q2 Net New Stores 18
Q2 Net New Stores 18 MAX SQUARE, NOIDA METROPOLIS, KOLKATA NH -10, HISAR CROWN MALL , LUCKNOW PREM NAGAR, DEHRADUN FORTIS HOSPITAL, MANESAR
Slide 30: Business Performance – Vaango India
Business Performance – Vaango India Revenue ADS and SSSG 53 72 90 53 90 Stores SSSG 13.7% 3.5% 11.5% 11.1% 7.4% 192 364 30 31 172 30 29 293 28 141 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Gross Margin Brand Contribution 79.4% 80.6% 79.2% 79.4% 79.9% 22.6% 23.9%
Slide 31: Vaango Marketing Campaigns
Vaango Marketing Campaigns 30
Slide 32: DIL International
DIL International Nigeria Nepal Thailand 40 Stores 28 Stores 296 Stores Q2 FY24 Q1 FY25 Q2 FY25 H1 FY24 H1 FY25 Exit Stores 60 363 364 60 364 Revenue from Operations (INR Mn) 416 3897 3943 996 7841 ADS Nigeria (Naira ‘000) 792 1064 1008 778 1035 ADS Nepal (NPR ‘000) 134 126 111 138 118 ADS Thailand
Slide 33: Summary Financials
Summary Financials
Slide 34: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (INR Million) Q2’FY24 Q1’ FY25 Q2’ FY25 FY23 FY24 Revenue from Operations 8,195 12,219 12,222 29,977 35,563 Other Income 66 99 48 326 323 Total Income 8,260 12,318 12,270 30,303 35,887 Raw Material Cost 2,393 3,769 3,747 8,986 10,566 Gross Profit 5,80
Slide 35: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (INR Million) 31-Mar-24 30-Sep-24 Particulars (INR Million) 31-Mar-24 30-Sep-24 Equity Share Capital 1,206 1,206 (a) Property, plant and equipment 14,995 16,149 Other equity 9,352 10,450 (b) Capital work-in-progress 110 104 Non-controlling Interest 2,928 2,893
Slide 36: Q2 & H1 FY2025 Conference Call
Devyani International’s Q2 & H1 FY2025 Conference Call on Monday, November 11, 2024 at 2:30 PM IST Devyani International Limited (DIL), a multi-dimensional comprehensive QSR player in India, will host a conference call for investors and analysts on Monday, November 11, 2024 at 2:30 PM IST to discuss
Slide 37: About Us
About Us Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operates ~1,920 stores across more than 260 cities in India, Nigeria, Nepal and Thailand,
Slide 38: Thank You!
DEVYANI INTERNATIONAL LIMITED Thank You!
Devyani International — Q2 FY25 Earnings Presentation on 6ix