Slide 1: Devyani International Limited – Regulation 30 filing letter
Devyani International Limited ________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Corporate Office : Plot No-18, Sector-35, Gur
Slide 2: Q2 FY23 Results Presentation
Q2 FY 23 Results Presentation November 03, 2022
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’s Comment
Chairman’s Comment Commenting on the performance for Q2 FY 23 Mr. Ravi Jaipuria, Non-Executive Chairman, DIL said: “I am pleased to share that DIL has maintained its store expansion pace and opened 88 net new stores in the quarter – the highest ever. We are making consistent progress in expanding ou
Slide 5: Table of Contents
Table of Contents 1 Q2’ FY23 at a glance 2 DIL Consolidated Performance 3 DIL India Performance 4 Core Brands – KFC, Pizza Hut & Costa Coffee 5 DIL International
Slide 6: Q2’ FY23 Financial Highlights
Q2’ FY23 Financial Highlights Strong momentum in store addition ▪ 88 net new stores – highest ever! ▪ 1,096 system stores at the end of the quarter. Q2 Revenue from operations reached Rs. 7,474 million ▪ Steady performance from Core Brands ▪ KFC – 121K ADS in a seasonally soft quarter. ▪ PH ADS at 4
Slide 7: New Store Openings
New Store Openings NET NEW UNITS (NNU) Stores as at Stores as at 30-June-22 30-Sept-22 Brand Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 YTD FY23 KFC 25 30 25 27 32 59 391 423 PH 34 40 22 23 30 53 436 466 Costa 1 5 5 14 19 33 69 88 Others 3 4 2 5 5 10 65 70 Total India 63 79 54 69 86 155 961 1,047 Niger
Slide 8: Store Expansion Focus
Store Expansion Focus Core Brands Stores; India – Regional split Core Brands Stores Mar. 31, 2021 Mar. 31, 2022 Jun 30, 2022 Sept 30, 2022 As on Sept 30, 2022 NCR 135 153 161 179 Bengaluru 80 106 108 118 344 378 Kolkata 42 52 55 56 35% 39% Hyderabad 32 60 65 72 Other Metro cities 27 36 38 44 North 7
Slide 9: Business Performance – DIL Consolidated
Business Performance – DIL Consolidated Revenue from Operations - Quarterly Revenue from Operations - Annual 803 884 938 1,008 1,096 Stores 610 692 938 1,096 20,840 7,474 7,047 6,244 15,164 14,521 5,907 11,348 5,161 FY 2020 FY 2021 FY 2022 YTD FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 45% y/y gro
Slide 10: Financial Performance – DIL Consolidated
Financial Performance – DIL Consolidated Gross Margin - Quarterly Gross Margin - Annual 71.0% 71.4% 71.3% 71.1% 70.2% GM % 69.6% 69.6% 71.2% 70.6% 5,246 14,842 5,010 4,457 10,560 4,209 10,255 3,664 7,902 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 43% y/y growth Brand Co
Slide 11: Operating Margins – DIL Consolidated
Operating Margins – DIL Consolidated EBITDA (Pre-IndAS) - Quarterly EBITDA (Pre-IndAS) - Annual 15.4% 16.4% 16.5% 16.1% 15.1% % 3.8% 8.1% 14.4% 15.6% 1,137 1,125 2,995 1,026 978 2,262 795 919 576 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 42% y/y growth EBITDA (Post Ind
Slide 12: Profitability – DIL Consolidated
Profitability – DIL Consolidated Profit before Tax - Quarterly Profit before Tax - Annual 9.1% 10.7% 7.2% 10.9% 7.9% % -8.0% -7.3% 5.9% 9.4% 771 1,359 669 1,231 587 472 425 FY 2020 FY 2021 FY 2022 YTD FY23 * Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 * (824) (1,214) * Includes impact of FX Loss on Inte
Slide 13: Performance Trend – DIL India
Performance Trend – DIL India Revenue from Operations Gross Profit 759 838 892 961 1047 Stores % 71.6% 71.8% 71.6% 71.2% 70.5% 4,883 6,926 4,644 6,521 4,083 5,685 3,887 5,430 4,700 3,366 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 47% y/y growth 45% y/y growth Bra
Slide 14: Core Brands – KFC
Core Brands — KFC 1¢] KFC ' FRIED CHICKEN 4 2 . Skip Ad > ried chicken done right... ) GLUTAMATE NOT RECOMMENDED FOR PREGNANT WOMEN AND INFANTS BELOW 12 MONTHS. [PS://ONLINE.KFC.CO.IN/TERMS-AND-CONDITIONS Ad - 0:03 © online.kfc.co.in @
Slide 15: Q2 Net New Stores – KFC
Q2 Net New Stores - 32 REGANTAPHALLI, HYD GREATER NOIDA SMART RESTAURANT BRIGADE FARIDABAD SMART RESTAURANT, GURGAON ROAD, BANGALORE
Slide 16: Business Performance – KFC
Business Performance – KFC Revenue from Operations - Quarterly Revenue from Operations - Annual 309 339 364 391 423 Stores 172 264 364 423 4,430 12,189 4,250 3,621 3,526 8,680 3,014 6,091 6,443 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 47% y/y growth ADS - Quarterly AD
Slide 17: Financial Performance – KFC
Financial Performance – KFC Gross Profit - Quarterly Gross Profit - Annual 69.1% 69.3% 69.3% 69.0% 67.9% GM % 64.8% 67.7% 69.3% 68.5% 8,444 2,932 3,010 2,508 2,445 5,942 2,083 4,360 3,950 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 45% y/y growth Brand Contribution - Qua
Slide 18: Channel wise Sales Mix - KFC
Channel wise Sales Mix - KFC KFC Sales Mix - Quarterly KFC Sales Mix - Annual 16% 36% 35% 36% Off-Premise 37% 36% 44% 41% 44% On-Premise 84% 64% 65% 64% 63% 64% 56% 59% 56% Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 On-Premise = Dine-in, Eat-in or Takeaway Off-Premise =
Slide 19: KFC Marketing Campaigns
KFC Marketing Campaigns New PERI PERI PER( PER FRIED CHICKEN Be ese ” 4) HOT <é Ri BO CRISPY KFC Chicken ried chicken done right... 5/ONLINE KFC.COAN/TERMS-ANO-CONDITIONS. SPECILE | 0: -Achinta’s ‘finger- licking treat’, courtesy HT City el | ORDER NOW . aeons ae - INLINE KFC.COLIN weightlifter: KFC
Slide 20: Core Brands – Pizza Hut
G7 Pp THENEW “Mao Za ipa, 1 Personal Cheesy Momo Mia Pizza ee Pops
Slide 21: Q2 Net New Stores – Pizza Hut
Q2 Net New Stores - 30 INDORE INDORE GOREGAON GOREGAON GURGAON HYDERABAD
Slide 22: Business Performance – PH
Business Performance – PH Revenue from Operations - Quarterly Revenue from Operations - Annual 351 391 413 436 466 Stores 269 297 413 466 1,812 5,318 1,651 1,556 4,174 1,464 1,333 3,463 2,879 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 36% y/y growth ADS - Quarterly ADS
Slide 23: Financial Performance – PH
Financial Performance – PH Gross Profit - Quarterly Gross Profit - Annual 75.5% 75.6% 75.5% 76.2% 74.5% GM % 74.9% 74.2% 75.6% 75.3% 1,350 1,258 4,021 1,176 1,106 1,007 3,126 2,608 2,135 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 34% y/y growth Brand Contribution - Quar
Slide 24: Channel wise Sales Mix
Channel wise Sales Mix PH Sales Mix - Quarterly PH Sales Mix - Annual Off-Premise 37% 58% 54% 55% 57% 54% 62% 59% On-Premise 63% 63% 42% 46% 45% 43% 46% 38% 41% 37% Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 On-Premise = Dine-in, Eat-in or Takeaway Off-Premise = Deliver
Slide 25: New Initiatives
New Initiatives Gift Cards – allows to tap the gifting occasion and help build customer connect Advertisement on Spotify – Digital Marketing push
Slide 26: Core Brands – Costa Coffee
om) Core Brands — Costa Coffee ‘INSPIRING THE WORLD TO LOVE GREAT COFFEE COSTA COFFEE
Slide 27: Costa New Stores
Costa New Stores LULU MALL, LUCKNOW MICROSOFT OFFICE, BANGALORE M BLOCK , GK-1, DELHI T1D, DELHI
Slide 28: Business Performance – Costa
Business Performance – Costa Revenue from Operations - Quarterly Revenue from Operations - Annual 45 50 55 69 88 Stores 63 44 55 88 220 820 176 143 137 94 411 397 214 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 134% y/y growth ADS - Quarterly ADS - Annual 225.9% 101.2% 2
Slide 29: Financial Performance – Costa
Financial Performance – Costa Gross Profit - Quarterly Gross Profit - Annual 79.8% 79.8% 81.6% 81.6% 79.6% GM % 77.3% 78.5% 80.4% 80.5% 175 634 144 114 112 330 319 75 168 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 FY 2020 FY 2021 FY 2022 YTD FY23 133% y/y growth Brand Contribution - Quarterly Brand Con
Slide 30: DIL International – Nigeria and Nepal
DIL International Nigeria Nepal 29 Stores 20 Stores FY 22 Q2’ FY22 Q1’ FY23 Q2’ FY23 H1’ FY23 Exit Stores 46 44 47 49 49 Revenue from Operations (INR Mn) 1,902 468 535 559 1,094 ADS (INR ‘000’) 132 125 132 134 133 29
Slide 31: Summary Financials
Summary Financials
Slide 32: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Million) Q2’ FY23 Q1’ FY23 Q2’FY22 H1FY23 H1FY22 FY22 Revenue from Operations 7,474 7,047 5,161 14,521 8,688 20,840 Other Income 45 90 52 135 98 161 Total Income 7,519 7,137 5,213 14,656 8,786 21,001 Raw Material Cost 2,229 2,037 1,497 4,266 2,51
Slide 33: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Million) 30-Sep-22 31-Mar-22 Particulars (Rs. Million) 30-Sep-22 31-Mar-22 Equity Share Capital 1,205 1,205 (a) Property, plant and equipment 7,769 6,115 Other equity 7,035 5,658 (b) Capital work-in-progress 100 68 Non-controlling interests (68) (47) (c) R
Slide 34: Social Initiatives
Social Initiatives
Slide 35: Diversity & Inclusion – Cornerstones of our Business
Social Initiatives Diversity & Inclusion – Cornerstones of our Business Shoojit Sircar directed this special movie for KFC, India Deaf Cricket Team Lifts DICC T20 released on International Day of Sign Champions Trophy 2022. KFC is the sponsor of Languages IDCA Consistent focus on developing and All-
Slide 36: Q2 & H1 FY23 Conference Call
Devyani International’s Q2 & H1 FY23 Conference Call on Thursday, November 03, 2022 at 3:30 PM IST Devyani International Limited (DIL), a multi-dimensional comprehensive QSR player in India, will host a conference call for investors and analysts on Thursday, November 03, 2022 at 3:30 PM IST to discu
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 1,096 stores across more than 224 cities in India, Nigeria and Nepal, as of Septe
Slide 38: Thank You!
DEVYANI INTERNATIONAL LIMITED Thank You!