Bloomin' Brands, Inc. · NASDAQ:BLMN
Bloomin' Brands — Q1 2025 Earnings Presentation
17 slides from Bloomin' Brands's earnings presentation, May 7, 2025
Slide 1: Earnings Call Q1 FY2025 Results
BLOOMIN’ BRANDS@ Earnings Call Q1 FY2025 Results"
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained herein, including statements regarding guidance or expected proceed are not based on historical fact and are "forward- looking statements” within the meaning of applicable securities laws. Generally, these statements can be identified by the us
Slide 3: Non-GAAP Measures
Non-GAAP Measures In addition to the results provided in accordance with GAAP, this presentation includes certain non-GAAP measures, which present operating results on an adjusted basis. These are supplemental measures of performance that are not required by or presented in accordance with GAAP and
Slide 4: Bloomin' Brands
BLOOMIN’ BRANDS* |
Slide 5: Restaurant Brands
ee OUTBACK STEAKHOUSE EST. 1988 Australian-spirited casual dining steak Known for grilled steaks, chicken, seafood & more, home to the Bloomin’ Onion® Made using the highest quality ingredients CARRABBA's ITALIAN GRILL EST. 1986 Authentic Italian cuisine, handmade, cooked to order Lively exhibition
Slide 6: Operating Priorities
Operating Priorities SIMPLIFY Paste TURNAROUND THE AGENDA stoi rboepid OUTBACK
Slide 7: Q1 Financial Results — Continuing Operations
Q1 Financial Results — Continuing Operations (in $ millions, except EPS) Total Revenues Restaurant-Level Operating Income Adjusted Restaurant-Level Operating Income” % margin GAAP Income from Operations Adjusted Income from Operations" % margin ) Adjusted EBITDA” % margin GAAP Diluted Earnings per S
Slide 8: Update on Brazil Transaction
Update on Brazil Transaction Sold 67% for R$1.4B / $225M USD () Option to sell remaining 33% in Q4 2028 (not included in the below calculations) Proceeds will contribute to achieving our target 3.0x Lease Adjusted Leverage Ratio Lease Adjusted Net Leverage (2) Net Debt / Adjusted EBITDA 4.0x | ~$96M
Slide 9: Guidance Targets
Slide 10: Full Year 2025 Guidance
Full Year 2025 Guidance U.S. Comparable Sales Growth (2%) to 0% Adjusted Diluted EPS” $1.20 to $1.40 Commodity Inflation 2.5% to 3.5% Labor Wage Inflation 4% to 5% Adjusted Effective Tax Rate Near 0% U.S. New Unit Growth” 18-20 units Capital Expenditures $190M to $210M (1) Includes adjustments relat
Slide 11: Q2 2025 Guidance
Q2 2025 Guidance Q2 2025 U.S. Comparable Sales Growth (2.5%) to (1.5%) GAAP Diluted EPS $0.20 to $0.25 Adjusted Diluted EPS “ $0.22 to $0.27 RB (1) Includes estimated adjustments associated with the cost of executing the foreign currency forward contracts entered into as part of the Brazil transacti
Slide 12: Question & Answer Session
Slide 13: Reconciliations
ations Reconcili
Slide 14: Adjusted Restaurant Level Margin
Adjusted Restaurant Level Margin Consolidated THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 30, 2025 MARCH31, 2024 Income from continuing operations “Sor 2aT > 70,017 Operating income margin, continuing operations 5.5% 66% Less Franchise and other revenues 20,077 22,383 Plus: Depreciation and am
Slide 15: Adjusted Income from Operations
Adjusted Income from Operations Adjusted EBITDA Consolidated THIRTEEN WEEKS ENDED FISCAL YEAR TRAILING TWELVE MONTHS (dollars in thousands) MARCH 30, 2025 MARCH 31, 2024 DECEMBER 29,2024 MARCH 30, 2025, Income from continuing operations $ $7,231 $ 70,917 139,808 $ 126,122 Operating income margin, co
Slide 16: Net Leverage Reconciliations — Adjusted and Pro Forma
Net Leverage Reconciliations — Adjusted and Pro Forma (dollars in thousands) 12025 Brazil Proceeds from = Q12025 Pro Forma for 67% Sale Proceeds of 67% Sale Long-term debt, net $ 917,610 35 917,610 Cash (67.691) (95,844) "” (153,535) Net Debt 859,919 764,075 Current operating lease liabilities 161,1
Slide 17: Q1 Adjusted Net Income & EPS
Q1 Adjusted Net Income & EPS Consolidated THIRTEEN WEEKS ENDED (dollars in thousands) MARCH 30, 2025 MARCH 31, 2024 Netincome (loss) attributable to Bloomin’ Brands $ 42,152 $§ (83,872) Net(loss) income from discontinued operations, net of tax (254) 2,908 Netincome (loss) attributable to Bloomin’ Br