Devyani International Ltd. · NSE:DEVYANI
Devyani International — Q1 FY23 Earnings Presentation
37 slides from Devyani International's earnings presentation, Aug 3, 2022
Slide 1: Regulation 30 filing cover letter
Devyani International Limited ________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Corporate Office : Plot No-18, Sector-35, Gur
Slide 2: Q1 FY23 Results Presentation
Q1’ FY 23 Results Presentation August 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 Q1’ FY 23 Mr. Ravi Jaipuria, Non-Executive Chairman, DIL said, “We reached an important milestone of 1,000 stores this quarter. It took us 25 years to get to this important landmark. We believe this is just the beginning of our exciting journey an
Slide 5: Table of Contents
Table of Contents 1 Q1’ 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: Q1 FY23 Financial Highlights
Q1’ FY23 Financial Highlights Reached 1,000+ store level ▪ 1,008 system stores at the end of the quarter. ▪ With current run-rate of store openings, plan to double store count in 4-5 years. Q1 Revenue from operations reached Rs. 7,047 million ▪ Strong performance from Core Brands ▪ KFC – highest ADS
Slide 7: New Store Openings
New Store Openings NET NEW UNITS (NNU) Stores as at Stores as at 31 Mar 22 30 June 22 Brand Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 LTM KFC 25 30 25 27 107 364 391 PH 34 40 22 23 119 413 436 Costa 1 5 5 14 25 55 69 Others 3 4 2 5 14 60 65 Total India 63 79 54 69 265 892 961 Nigeria 2 1 0 1 4 28 29 Nepal 3 1
Slide 8: Store Expansion Focus
Store Expansion Focus Core Brands Stores; India – Regional split Core Brands Stores Mar. 31, 2021 Mar. 31, 2022 June 30, 2022 As on June 30, 2022 NCR 135 153 161 Bengaluru 80 106 108 312 343 Kolkata 42 52 55 35% 38% Hyderabad 32 60 65 North Other Metro cities 27 36 38 65 East 7% 176 Total Metros 316
Slide 9: Business Performance – DIL Consolidated
Business Performance – DIL Consolidated Revenue from Operations - Quarterly Revenue from Operations - Annual 735 803 884 938 1,008 Stores 610 692 938 1,008 20,840 7,047 6,244 5,907 15,164 5,161 11,348 3,528 7,047 FY 2020 FY 2021 FY 2022 3M FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 100% y/y growth
Slide 10: Financial Performance – DIL Consolidated
Financial Performance – DIL Consolidated Gross Margin - Quarterly Gross Margin - Annual 71.2% 71.0% 71.4% 71.3% 71.1% GM % 69.6% 69.6% 71.2% 71.1% 14,842 5,010 4,457 4,209 3,664 10,560 2,511 7,902 5,010 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 100% y/y growth Brand Con
Slide 11: Financial Performance – DIL Consolidated
Financial Performance – DIL Consolidated EBITDA (Pre-IndAS) - Quarterly EBITDA (Pre-IndAS) - Annual 5.6% 15.4% 16.4% 16.5% 16.1% % 3.8% 8.1% 14.4% 16.1% 1,137 1,026 2,995 978 795 1,137 919 196 576 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 480% y/y growth EBITDA (Post In
Slide 12: Financial Performance – DIL Consolidated
Financial Performance – DIL Consolidated Profit before Tax** - Quarterly Profit before Tax** - Annual -9.5% 9.1% 10.7% 7.2% 10.9% % -8.0% -7.3% 5.9% 10.9% 1,231 771 669 771 472 425 FY 2020 FY 2021 FY 2022 3M FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 (824) (1,214) (334) Diluted EPS – Quarterly Dil
Slide 13: Performance Trend – DIL India
Performance Trend – DIL India Revenue from Operations Gross Profit 696 759 838 892 961 Stores % 71.9% 71.6% 71.8% 71.6% 71.2% 6,521 4,644 5,685 5,430 4,083 3,887 4,700 3,366 3,151 2,266 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 107% y/y growth 105% y/y growth Br
Slide 14: Core Brands – KFC
GRAB THE CRUNCH NOW! LETS KFC
Slide 15: Q1 Net New Stores - 27
Q1 Net New Stores - 27 KARIMNAGAR HIGHWAY, HYDERABAD LULU MALL, LUCKNOW, UP FLAGSHIP STORE, DIGITAL ORDERING KIOSKS GURUGRAM, HR 14 SEALDAH STATION, WB VIJAYWADA, AP
Slide 16: Business Performance – KFC
Business Performance – KFC Revenue from Operations - Quarterly Revenue from Operations - Annual 284 309 339 364 391 Stores 172 264 364 391 4,250 12,189 3,621 3,526 3,014 2,029 6,091 6,443 4,250 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 109% y/y growth ADS - Quarterly AD
Slide 17: Financial Performance – KFC
Financial Performance – KFC Gross Profit - Quarterly Gross Profit - Annual 69.4% 69.1% 69.3% 69.3% 69.0% GM % 64.8% 67.7% 69.3% 69.0% 8,444 2,932 2,508 2,445 2,083 4,360 1,408 3,950 2,932 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 108% 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% Off-Premise 37% 35% 44% 41% 44% On-Premise 65% 84% 64% 65% 63% 65% 56% 59% 56% 35% Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 On-Premise = Dine-in, Eat-in or Takeaway Off-Premise =
Slide 19: KFC Marketing Campaigns
2 L KFC Marketing Campaigns fl d ayay + Follow Your toud appeal has earned you finger lickin’
Slide 20: Core Brands – Pizza Hut
Core Brands – Pizza Hut 19
Slide 21: Q1 Net New Stores - 23
Q1 Net New Stores - 23 DIL 1,000th STORE – SION, MUMBAI SIRSA SAMBALPUR VIJAYWADA CHANGANASSERRY
Slide 22: Business Performance – PH
Business Performance – PH Revenue from Operations - Quarterly Revenue from Operations - Annual 317 351 391 413 436 Stores 269 297 413 436 1,651 5,318 1,556 1,464 1,333 4,174 965 2,879 1,651 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 71% y/y growth ADS - Quarterly ADS - A
Slide 23: Financial Performance – PH
Financial Performance – PH Gross Profit - Quarterly Gross Profit - Annual 75.9% 75.5% 75.6% 75.5% 76.2% GM % 74.9% 74.2% 75.6% 76.2% 1,258 4,021 1,176 1,106 1,007 3,126 732 2,135 1,258 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 72% y/y growth Brand Contribution - Quarter
Slide 24: Channel wise Sales Mix
Channel wise Sales Mix PH Sales Mix - Quarterly PH Sales Mix - Annual Off-Premise 37% 58% 54% 57% 54% 62% 59% On-Premise 63% 80% 63% 46% 43% 46% 38% 42% 41% 37% 20% FY 2020 FY 2021 FY 2022 3M FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 On-Premise = Dine-in, Eat-in or Takeaway Off-Premise = Delivere
Slide 25: New Product Launch – Flavour Fun Pizzas
New Product Launch – Flavour Fun Pizzas All India launch with extensive 360o campaign across Print, OOH, Digital. 24
Slide 26: Core Brands – Costa Coffee
@ Core Brands — Costa Coffee *.
Slide 27: Costa New Stores & Marketing Campaigns
Costa New Stores & Marketing Campaigns
Slide 28: Business Performance – Costa
Business Performance – Costa Revenue from Operations - Quarterly Revenue from Operations - Annual 44 45 50 55 69 Stores 63 44 55 69 176 820 143 137 94 411 214 37 176 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 376% y/y growth ADS - Quarterly ADS - Annual 344.9% 225.9% 101
Slide 29: Financial Performance – Costa
Financial Performance – Costa Gross Profit - Quarterly Gross Profit - Annual 79.7% 79.8% 79.8% 81.6% 81.6% GM % 77.3% 78.5% 80.4% 81.6% 144 634 114 112 75 330 168 144 29 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 FY 2020 FY 2021 FY 2022 3M FY23 395% y/y growth Brand Contribution - Quarterly Brand Contr
Slide 30: DIL International
DIL International Nigeria Nepal 29 Stores 18 Stores Q1’ FY23 Q4’ FY22 Q1’ FY22 FY 22 Exit Stores 47 46 39 46 Revenue from Operations (INR ‘Mn’) 535 482 382 1,902 ADS (INR ‘000) 132 121 135 132 29
Slide 31: Summary Financials
Summary Financials
Slide 32: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Million) Q1’ FY23 Q4’ FY22 Q1’ FY22 FY22 FY21 Revenue from Operations 7,047 5,907 3,528 20,840 11,348 Other Income 90 24 47 161 641 Total Income 7,137 5,931 3,574 21,001 11,989 Raw Material Cost 2,037 1,698 1,016 5,998 3,447 Gross Profit 5,010 4,
Slide 33: Social Initiatives
Social Initiatives
Slide 34: Social Initiatives
Social Initiatives Diversity & Inclusion KFC’s India Sahyog – expanded to 3rd City DIL now has 31 stores entirely run by either all-women or specially-abled employees Specially-abled children hosted at the opening of DIL’s 1,000th store Pizza Hut opened the brand’s first store entirely run by specia
Slide 35: Devyani International's Q1 FY23 Conference Call
Devyani International’s Q1 FY23 Conference Call on Wednesday, August 03, 2022 at 4:00 PM IST Devyani International Limited (DIL), a multi-dimensional comprehensive QSR player in India, will host a conference call for investors and analysts on Wednesday, August 03, 2022 at 4:00 PM IST to discuss its
Slide 36: About Us
About Us Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operate 1,008 stores across more than 215 cities in India, Nigeria and Nepal, as of June
Slide 37: Thank You!
DEVYANI INTERNATIONAL LIMITED Thank You!
Devyani International — Q1 FY23 Earnings Presentation on 6ix