Brinker International, Inc. · NYSE:EAT

Brinker International — Q2 2020 Earnings Presentation

11 slides from Brinker International's earnings presentation, Jan 29, 2020

  1. Slide 1: Q2 F20 – January 29, 2020

    Q2 F20 January 29, 2020

  2. Slide 2: Safe Harbor Statement

    SAFE HARBOR STATEMENT During these presentations, and in response to your questions, certain items may be discussed which are not based entirely on historical facts. Any such items should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1

  3. Slide 3: Same Store Sales – F19, F20

    SAME STORE SALES – F19, F20 Brinker Chili’s Maggiano’s Domestic Franchise International Franchise Q1 F20 2.3% 2.9% -1.8% 0.4% -1.3% Q2 F20 1.5% 2.0% -1.4% 0.2% -0.9% Q3 F20 Q4 F20 YTD F20 1.9% 2.4% -1.6% 0.3% -1.0% Brinker Chili’s Maggiano’s Domestic Franchise International Franchise Q1 F19 1.8% 2.0

  4. Slide 4: Brinker Sales and Revenue

    BRINKER SALES AND REVENUE (In millions) Chili’s Company Sales Maggiano’s Company Sales $728.4 $119.1 $677.5 $86.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F19 F20 F19 F20 Total Company Sales Total Revenues $847.5 $869.3 $763.9 $786.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F19 F20 F19 F20 Note: Q2 F20 includes Midwest acquisition

  5. Slide 5: Q2 COS as a Percent of Company Sales

    Q2 COS AS A PERCENT OF COMPANY SALES 0.2% 0.2% 26.4% 26.3% 0.5% Q2 F19 Mix Commodity Price Q2 F20 5

  6. Slide 6: Q2 Labor as a Percent of Company Sales

    Q2 LABOR AS A PERCENT OF COMPANY SALES 0.7% 34.4% 34.2% 0.3% 0.2% Q2 F19 Health Inflation Leverage Q2 F20 6

  7. Slide 7: Q2 Restaurant Expense as a Percent of Company Sales

    Q2 RESTAURANT EXPENSE AS A PERCENT OF COMPANY SALES 0.5% 27.0% 26.6% 0.9% Q2 F19 Off-Premise Leverage Q2 F20 7

  8. Slide 8: F20 Guidance

    F20 GUIDANCE Guidance Net Comp Sales 1.75% to 2.5% Increase Revenues 9%-10% Increase Rest Operating Margin * Flat G&A Flat Taxes 10.5% to 11.5% EPS * $4.25 to $4.45 WAS 37M to 39M Capex $140M to $150M Free Cash Flow * $175M to $190M * Updated Guidance

  9. Slide 9: Adjusted Earnings Per Share

    ADJUSTED EARNINGS PER SHARE $5.00 $4.50 $4.25-$4.45 $3.93 $4.00 $3.55 $3.50 $3.50 $3.20 $3.05 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 F15 F16 * F17 F18 F19 F20 ** F20 Updated * F16 EPS positively impacted by 53rd week Guidance ** F20 is an estimate

  10. Slide 10: Free Cash Flow

    FREE CASH FLOW $300 (In millions) $282 $250 $228 $213 $200 $183 $175-$190 $150 $124 $100 $50 $0 F15 F16* F17 F18 F19 F20 ** F20 Updated *F16 includes 53rd week Guidance **F20 is an estimate

  11. Slide 11: Share Repurchase

    SHARE REPURCHASE $400 $371 9.0 (In millions) 7.5 $350 5.8 8.0 $303 7.0 $300 $285 5.4 6.0 $250 5.0 $200 $168 3.6 4.0 $150 3.0 $100 2.0 $50 1.0 $10 0.3 $0 0.0 F16 F17 F18 F19 F20 YTD Dollars Number of Shares

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