Sphera Franchise Group Sa · BVB:SFG

Sphera Franchise Group Sa — H1 2023 Earnings Presentation

25 slides from Sphera Franchise Group Sa's earnings presentation, Aug 30, 2023

  1. Slide 1: Sphera Franchise Group Investor & Analyst Call H1 2023 Results

    Sphera Franchise Group Investor & Analyst Call H1 2023 Results 30.08.2023

  2. Slide 2: Agenda for today’s call

    Agenda for today’s call 1 H1 2023 Highlights 2 Business updates from H1 2023 3 Brand Performance 4 Q&A session 5 Annex: Key H1 2023 Financials 2

  3. Slide 3: Disclaimer

    Disclaimer This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of shares issued by Sphera Franchise Group SA ("Sphera"), or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy shares in Sphera. Neither

  4. Slide 4: Welcome to SFG’s H1 2023 Results Call

    Welcome to SFG’s H1 2023 Results Call Calin Ionescu Valentin Budes Monica Eftimie Zuzanna Kurek CEO CFO CMO IR Sphera Franchise Group’s unaudited H1 2023 results are available for download on our website: www.spheragroup.com. The recording of this conference call will be available on our website sho

  5. Slide 5: H1 2023 Highlights

    H1 2023 Highlights NY SPHERA z Krc @ {3

  6. Slide 6: SFG Performance in H1 2023

    SFG Performance in H1 2023 • Strong Q2’23 with steady growth on all markets: Group generated sales of RON 360.5 mn in the Q2’23, a 10.1% increase vs Q2’22, when the Group saw revenues of RON 327.4 mn. Q2’23 is the first quarter where results are compared to post-pandemic figures from Q2’22, resultin

  7. Slide 7: SFG H1 2023 Performance

    SFG H1 2023 Performance 695.6 5% 665.2 +1 % 606 608 +9 360.5 H1 52.4 342.5 327.4 0% 322.3 +1 % 47 17.6 28.8 +6 % +1 Q2 5% 21.2 +6 335.1 322.7 0% 278.6 285.7 +2 3% 23.5 17.5 Q1 +1 % 526 + 3.8 2022 2023 2022 2023 2022 2023 Restaurant Sales Expenses (Restaurant + G&A) EBITDA in RON m in RON m, excl. IF

  8. Slide 8: SFG H1 2023 Performance breakdown

    SFG H1 2023 Performance breakdown Contribution to H1 2023 turnover 12.3% 1.4% 5.8% 8.5% 86.3% 85.7% Per market Per brand 8

  9. Slide 9: Business updates from H1 2023

    Business updates from H1 2023 9

  10. Slide 10: Development & staff updates

    Development & staff updates Number of stores • 179 restaurants operated: out of which 100 KFC restaurants in Romania, 2 in Moldova and 18 in Italy, as well as 42 Pizza Hut restaurants, 15 Taco Bell restaurants, one PHD subfranchise and one Paul restaurant as of 30.06.2023 • 4 openings in H1’23: 2 ne

  11. Slide 11: Capital markets updates

    Capital markets updates SFG evolution on BVB • SFG outperforms reference indices in H1 2023: In H1 2023, SFG shares appreciated 29%, while the BET index grew 7%. The Total Return on SFG shares in H1 2023, including the dividend paid on March 31st, 2023, was 32.6%, versus 10% increase for the BET-TR

  12. Slide 12: Marketing

    Marketing KFC: Increase transactions and maximize relevance • KFC focused on strengthening favorability for the burger layer by successfully re-launching an innovative burger in Q2 called Zinger Mozzarella. The unique communication campaign resulted in strong same-store sales growth and an increase

  13. Slide 13: Marketing

    Marketing Pizza Hut: Build sales and increase distinctiveness • Pizza Hut continued its value journey in Q2 by launching buy a medium, get a large with the aim of increasing transactions by attracting new users and reinforcing our pizza expert attribute. • In June we brought into focus Crown Pizza,

  14. Slide 14: Marketing

    Marketing The digital normal • Focusing on ease of access for our consumers who expect frictionless experiences, we continued our digital journey and communicated through digital media our “click & collect” services and ecommerce platforms, with the objective of expanding our user base and gaining r

  15. Slide 15: Brand performance

    Brand performance NY SPHERA z Krc @ {3

  16. Slide 16: KFC Romania

    All Store Performance KFC Romania 37.3% 35.0% 23.6% 20.1% 19.6% 10.5% • Q2’23 was another strong quarter of consolidation for KFC Romania as all store performance improved 10.5% YoY due to solid same store results (+6.5%) paired with the sales Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Q2’23 generated by the 6 n

  17. Slide 17: KFC Italy & KFC Republic of Moldova

    KFC Italy & KFC Republic of Moldova KFC Italy All Store Performance 70.3% 58.4% • All-stores recorded 14.4% sales increase in Q2’23 vs. Q2’22. • 7% of all orders in Q2’23 were for delivery, 1pp QoQ decrease. 37.5% 31.6% • USFN Italy took EBITDA from negative, as reported in H1’22, to positive 22.1%

  18. Slide 18: Pizza Hut & Taco Bell

    Pizza Hut & Taco Bell All Store Performance Pizza Hut 55.3% 45.5% • The YoY all store performance registered a 6.2% decrease while the same 38.5% store sales decreased 6.8%. • 34% of all orders were made for delivery in Q2’23, a 2pp decline QoQ. 15.1% • Pizza Hut closed H1’23 with EBITDA of -3.1 mn,

  19. Slide 19: Q&A Session

    Q&A Session NY SPHERA z Krc @ {3

  20. Slide 20: Annex: Key H1 2023 Financials

    Annex: Key H1 2023 Financials 20

  21. Slide 21: Summary of consolidated H1 2023 FS

    Summary of consolidated H1 2023 FS 21 Results excl. IFRS16

  22. Slide 22: Summary of consolidated H1 2023 FS

    Summary of consolidated H1 2023 FS (with and without IFRS 16 impact) 22

  23. Slide 23: Breakdown of H1 2023 results by entity

    Breakdown of H1 2023 results by entity 23 Results excl. IFRS16

  24. Slide 24: Overview of the H1 2023 G&A expenses

    Overview of the H1 2023 G&A expenses (with and without IFRS 16 impact) 24

  25. Slide 25: Thank you for joining us!

    Thank you for joining us! Sphera Franchise Group’s unaudited H1 2023 are available for download our website: www.spheragroup.com. The recording of this conference call will be available on our website shortly. For any questions related to Sphera Franchise Group’s activity on the Bucharest Stock Exch

Sphera Franchise Group — H1 2023 Earnings Presentation on 6ix