Good Times Restaurants Inc. · NASDAQ:GTIM
Good Times Restaurants — Investor Presentation (September 2014)
25 slides from Good Times Restaurants's investor presentation, Sep 22, 2014
Slide 1: Good Times Restaurants Inc. Investor Presentation September 2014
Good Times Restaurants Inc. (Nasdaq Capital Market: GTIM) Investor Presentation September 2014
Slide 2: Safe Harbor
Safe Harbor The presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, and such statements are subject to the safe harbors created thereby. A forward-looking statement is neither a prediction nor a guarantee of fu
Slide 3: Our Brands
Our Brands * Good Times Restaurants Inc. Quick service restaurants providing a menu of high quality all natural hamburgers, 100% all natural chicken tenderloins, fresh frozen custard, fresh cut fries, fresh lemonades and other unique offerings. Only QSR with steroid-free, hormone-free, vegetarian fe
Slide 4: Key Recent Developments
Key Recent Developments * Good Times Restaurants Inc. In 2013, Good Times acquired development rights for Bad Daddy’s Burger Bar restaurants as well as the ownership of 48% of the franchisor entity, Bad Daddy’s Franchise Development LLC (“BDFD”). BD of Colorado LLC will develop, own and operate Bad
Slide 5: Key Recent Developments
Key Recent Developments * Good Times Restaurants Inc. On August 21, 2013, Good Times completed a public offering of 2,200,000 shares of common stock, together with warrants to purchase 2,200,000 shares of our common stock (“A Warrants”) and additional warrants to purchase 1,100,000 shares of our com
Slide 6: GTIM Growth Platform
GTIM Growth Platform * Good Times Restaurants Inc. Good Times Drive Thru Inc. 25 Company Owned Good Times Stores 11 Franchised Good Times Stores Bad Daddy’s Franchise Development LLC BD of Colorado Bad Daddy’s Franchise Target Markets Company Owned Bad Daddy’s Stores Colorado (2) Arizona Kansas Mid-
Slide 7: Good Times Burgers & Frozen Custard Overview
Good Times Burgers & Frozen Custard Overview Restaurants are a combination of free-standing structures containing approximately 880 to 1,000 square feet for the double drive thru format and a 2,400 square foot, 70 seat dining room format Ranked #1 in Colorado for quality, freshness & friendliness (b
Slide 8: Good Times Burgers & Frozen Custard Overview
Good Times Burgers & Frozen Custard Overview Positive EBITDA and 16 consecutive quarters of same store sales growth. 17 consecutive months of double digit growth from April 2013 – August 2014. 11 consecutive months of two-year same store increases over 20%. Additional new restaurant growth in its ex
Slide 9: Good Times Menu Overview
Good Times Menu Overview Good Times Restaurants Inc. * The menu of a Good Times Burgers & Frozen Custard restaurant includes hamburgers, cheeseburgers, chicken sandwiches, french fries, onion rings, fresh squeezed and frozen lemonades, soft drinks and frozen custard products. Each menu item is made
Slide 10: Good Times Menu Overview
Good Times Menu Overview Good Times Restaurants Inc. * Fresh frozen custard is a premium ice cream (requiring in excess of 10% butterfat content and .4% egg yolks) with a proprietary Madagascar vanilla blend that is prepared from highly specialized equipment that minimizes the amount of air that is
Slide 11: Good Times Sales Momentum
Good Times Sales Momentum Good Times Restaurants Inc. * Four Years of Same Store Sales Growth Decrease due to road closures at 2 stores & storm closures. (2) Colorado flooding in September resulted in loss of approximately 5 ½ restaurant days of sales. Annual SSSG FY 2013 11.9% FY 2012 3.1% FY 2011
Slide 12: Average Store Sales & Cash Flow Increasing
Average Store Sales & Cash Flow Increasing Good Times Restaurants Inc. * Average Store Sales (34% increase from FY 2010) Average Store Cash Flow (3x increase from FY 2010) Menu Initiatives Remodels Eliminated underperforming stores Breakfast Intro New marketing
Slide 13: Good Times Financial Snapshot
Good Times Financial Snapshot Good Times Restaurants Inc. * FYE 9/30 FYE 9/30 FYE 9/30 TTM 6/30/14 2011 2012 2013 2014 (Audited) (Audited) (Audited) (Unaudited) Total Net Revenues 1 20,603,000 $ 19,706,000 $ 22,892,000 $ 26,258,000 $ Restaurant Sales 20,183,000 19,274,000 22,523,000 25,881,000 Resta
Slide 14: Bad Daddy's Burger Bar Overview
Bad Daddy’s Burger Bar Overview Full service, upscale restaurant concept featuring a chef driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches with a full bar and a focus on a selection of craft microbrew beers in a high energy, family friendly atmosphere. Operates in
Slide 15: Bad Daddy's Burger Bar Overview
Bad Daddy’s Burger Bar Overview TTM (3/31/14) sales for the 4 Bad Daddy’s open more than one year was $2.5 million. Total bar sales are only 15% of total sales – an opportunity. Craft beer sector grew over 9% in 2013 as consumers are increasingly expressing interest in exploring the variety of flavo
Slide 16: Bad Daddy's Burger Bar Overview
Bad Daddy’s Burger Bar Overview * Good Times Restaurants Inc. Bacon Cheeseburger on Steroids Chicken Salad Chicken Marsala Burger Shrimp Burger Bad Ass Burger
Slide 17: Bad Daddy's Growth
* Good Times Restaurants Inc. Bad Daddy’s Growth Average restaurant sales of $700 per sf out of an average of 3,500 sf; estimated investment of $225 per sf (based on unaudited financial information from existing restaurants) Projected ROI at top end of industry. Bad Daddy’s International (BDI) (conc
Slide 18: Bad Daddy's – Northglenn, CO
* Good Times Restaurants Inc. Bad Daddy’s – Northglenn, CO
Slide 19: Bad Daddy's Efficient Store Model
Bad Daddy’s Efficient Store Model * Source: All statements of Bad Daddy’s financial information are based on management’s review of unaudited financial statements, operating data & point of sale reports from existing Bad Daddy’s restaurants open for more than one year. Figures for all others are bas
Slide 20: Top Tier Unit Economics Comps
Top Tier Unit Economics Comps * Good Times Restaurants Inc. Source:. Figures are based on 2012 reported results in industry periodicals and Company estimates based on publicly available information.
Slide 21: Highly Experienced Management Team
Highly Experienced Management Team Good Times Restaurants Inc. Boyd Hoback – President, CEO 40 years in the restaurant business ; with Good Times since inception Implemented sophisticated operating & management systems across all functional areas Gary Heller– Interim CFO 15 Years in Investment Banki
Slide 22: Highly Experienced Management Team
Highly Experienced Management Team Bad Daddy’s Franchise Development LLC Dennis Thompson – Co-Chairman, Founder Founder/Co-Chairman of Firebird’s Wood Fired Grill (sold to Angelo Gordon private equity), Lonestar Steakhouse & Saloon (taken public), Bailey’s Sports Grille (sold to Total Entertainment)
Slide 23: Why Invest in GTIM
Why Invest in GTIM Unique brands in both Quick Serve and Upscale Casual Dining Stable, Debt-Free Company with Positive and Growing EBITDA Four Years of Positive Same Store Sales Growth, including 17 consecutive months of double digit growth and 11 consecutive months of two-year same store increases
Slide 24: Why Invest in GTIM
Why Invest in GTIM Plans to expand Bad Daddy’s nationally through franchising Award-Winning, Highly Differentiated Concept in High Growth Segment Industry leading unit economics Led by highly experienced industry veterans Plans to develop company-owned Bad Daddy’s in Colorado, Kansas & Arizona Lever
Slide 25: GTIM Capitalization
GTIM Capitalization Good Times Restaurants Inc. * Market Cap (9/17/14): $38.3 million # Shares Outstanding: 7,485,366 Price (9/17/14): $5.11 52-Week High $5.49 52-Week Low $2.06 Common Stock Outstanding 7,485,366 Common Stock Underlying Warrants 2,100,750 1,2 9,586,116 1 Includes 1.95 mm shares unde
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