Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — BreadTalk Group — H1 2010 Earnings Presentation
27 slides from Singapore Exchange's earnings presentation, Aug 10, 2010
Slide 1: BreadTalk Group Limited 1st Half 2010 Results Briefing
BreadTalk Group Limited 1st Half 2010 Results Briefing 10 August 2010
Slide 2: Outline
Outline • Financial Review • Business Review • Going Forward • Strategies
Slide 3: Financial Review
Financial Review Talk®
Slide 4: P & L Highlights
P & L Highlights 2Q 2Q +/- 1H 1H +/- $m 2010 2009 % 2010 2009 % Revenue 71.2 57.0 ▲ 25.0 138.3 114.2 ▲ 21.1 Operating Profit 3.9 4.6 ▽ 15.1 5.5 7.8 ▽ 29.7 Profit Before Tax 4.0 4.5 ▽ 12.7 5.6 7.6 ▽ 25.8 Net Profit 2.3 3.0 ▽ 23.7 3.1 5.1 ▽ 39.9 EPS (fully diluted) 0.82cts* 1.08cts** ▽ 24.1 1.09cts***
Slide 5: Revenue Trend
Revenue Trend 260 246.5 212.2 180 156.6 160 138.3 114.2 S$ million —_ bh So —_ nN) w Qo 2006 2007 2008 2009 1HO9 1H 10 5
Slide 6: Revenue Mix by Activity
Revenue Mix by Activity 2Q 2010
Slide 7: Revenue Mix by Geography
Revenue Mix by Geography – S’pore grew 43.0% to $38.5m – PRC grew 13.1% to $21.7m – Hong Kong grew 9.3% to $7.9m 7
Slide 8: Net Profit Trend
Net Profit Trend n Oo oO 11.1 Ss 78 = 73 An (dp) 54 35 4.00 34 0.00 2006 2007 2008 2009 1H 09 1H 10 8
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights ($’000) 30 Jun 2010 31 Dec 2009 Current Assets 84,714 94,462 Current Liabilities 97,778 97,197 Non-Current Assets 94,843 77,623 Non-Current Liabilities 13,650 8,722 Total Equity 68,129 66,166 9
Slide 10: Cash Flow Highlights
Cash Flow Highlights $’000 2Q 2010 2Q 2009 Cash flows from operating activities 10,787 8,272 Cash flows used in investing activities (7,738) (3,986) Cash flows used in financing activities (867) (2,220) Net increase in cash and cash equivalents 2,182 2,066 Cash and cash equivalents at beginning of 4
Slide 11: Business Review
Business Review Talk®
Slide 12: Bakery Division
Thtecdsocen To) Bakery Division |
Slide 13: Bakery – Owned & Operated
Bakery – Owned & Operated • Contributed 44.5% to 1H2010 revenue – ▲ $11m or 21.7% to $61.6m in 1H 2010 • Owned and operated 137 outlets as of 30 Jun 2010 No. of Outlets 30 Jun 10 31 Dec 09 30 Jun 09 Singapore 59 52 43 PRC 49 42 40 Hong Kong 10 9 7 Malaysia 13 12 12 Thailand 6 4 3 Total 137 119 105 1
Slide 14: Bakery – Franchise
Bakery – Franchise • Contributed 7.2% to 1H 2010 revenue – 6.8% to $10m in 1H 2010 • Growth in royalty fee income Franchised outlets 30 Jun 10 31 Dec 09 30 Jun 09 Indonesia 59 56 51 Philippines 17 16 15 Kuwait 6 6 7 Oman 1 1 1 Bahrain 3 2 1 India 5 6 6 Korea 4 3 2 Vietnam 1 - - PRC 101 92 71 Total 1
Slide 15: Bakery/Franchise
Bakery/Franchise • Overall bakery segment registered 48.4% decline in operating profit to $1.0 million compared to 2Q 2009 owing to: • Underperformance of Hong Kong and PRC bakery units 15
Slide 16: Restaurants Division
Restaurants Division Din Tai Fung has received international accolades – the Michelin Star and Top Ten Best Ranking accolades
Slide 17: RamenPlay and Carl's Jr.
RamenPlay- Authentic Japanese Ramen Premium burgers at Carl’s Jr.
Slide 18: Restaurants
Restaurants • Contributed 17.7% to 1H 2010 revenue • ▲ 39.5% to $24.5m in 1H 2010 • Growth from new Din Tai Fung and Ramen Play outlets and same store sales from existing Din Tai Fung restaurants • Operating profit fell 25.4% in 1H 10 owing to start-up loss of Carl’s Junior and Ramen Play 30 Jun 10
Slide 19: Food Atrium Division
Food Atrium Division Food Republic - Creatively serving drinks with the world’s 1st Ice-Mobile Elevating dining to a premium level
Slide 20: Food Republic
Food Republic • Contributed 30.6% to 1H2010 revenue – ▲ $5.6m or 15.2% to $42.2m in 1H 2010 • Higher profit contribution from Hong Kong operations • One-off reversal of rental amortisation following relocation of food court at Metro City Shopping Mall in Shanghai • Operating metrics improving on str
Slide 21: Going Forward
Going Forward Talk®
Slide 22: Marking our entry into Asia's best property locations
Marking our entry into Asia’s best property locations Marina Bay Sands Marina Bay Financial Centre Resorts World Sentosa
Slide 23: Shenzhen and Hangzhou locations
Shenzhen - 深圳 京基。百纳空间 Hangzhou - 杭州 万象城
Slide 24: Bangkok and Guangzhou locations
Bangkok - Central World Mall Guangzhou - 广州 太古汇
Slide 25: Strategies
Strategies Talk®
Slide 26: Strategies
_— Brands Markets Expansion of Ramen Play and Carl's Junior outlets Food Republic Hangzhou, Guangzhou and Shenzhen Din Tai Fung, Thailand 26 BreadTalk®
Slide 27: Thank You
THANK YOU