Devyani International Ltd. · NSE:DEVYANI
Devyani International — Q4 FY22 Earnings Presentation
41 slides from Devyani International's earnings presentation, May 2, 2022
Slide 1: Devyani International Limited
Devyani International Limited ________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Corporate Office : Plot No-18, Sector-35, Gur
Slide 2: Q4 & FY22 Results Presentation
Q4 & FY 22 Results Presentation
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 FY 2022 Mr. Ravi Jaipuria, Chairman, Devyani International Limited said, “We ended the fiscal year on an encouraging note, registering healthy top-line performance, improved profitability, and enhanced store additions. In Q4 we maintained the pace
Slide 5: Table of Contents
Table of Contents 1 Q4 and FY2022 at a glance 2 DIL Consolidated Performance 3 DIL India Performance 4 Core Brands – KFC, Pizza Hut & Costa Coffee 5 Other Brands and International
Slide 6: Q4 FY22 Financial Highlights
Q4 FY22 Financial Highlights Sequential improvement across performance metrics ▪ Net New Units at 54 in Q4; total NNUs 246 for FY 22 ▪ Q4 Revenue from operations grew YoY by 36%. ▪ Robust profitability: YoY Brand Contribution improved 50bps to reach 21.2%; Pre-IndAS EBITDA expanded by 80bps. Q4 Reve
Slide 7: FY22 Overview & Key Developments
FY 22 Overview & Key Developments ▪ Record Year Performance: ▪ Highest ever NNUs - 246 in FY 2022; Total store count at 938. ▪ Surpassed Rs. 2,000 Crore revenue from operations despite Covid impact ▪ Highest ever profitability; PAT at Rs. 1,551 million vs loss of Rs. 813 million in FY 21 . ▪ KFC for
Slide 8: New Store Openings
New Store Openings NET NEW UNITS (NNU) Stores as at Stores as at 31 Mar 21 31 March 22 Brand Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 22 KFC 20 25 30 25 100 264 364 PH 20 34 40 22 116 297 413 Costa - 1 5 5 11 44 55 Others 1 3 4 2 10 50 60 Total India 41 63 79 54 237 655 892 Nigeria 1 2 1 0 4 24 28 Nepal 1
Slide 9: Store Expansion – Cluster Focus
Store Expansion – Cluster Focus Core Brands Stores; India – Regional split As on March. 31, 2022 Core Brands Stores Mar. 31, 2021 Dec. 31, 2021 Mar. 31, 2022 289 NCR 135 148 153 318 35% 38% Bengaluru 80 100 106 Kolkata 42 52 52 North 62 Hyderabad 32 53 60 7% 163 20% Other Metro cities 27 33 36 East
Slide 10: Business Performance – DIL Consolidated
Business Performance – DIL Consolidated Revenue from Operations - Quarterly Revenue from Operations - Annual 692 735 803 884 938 Stores 566 610 692 938 6,244 5,907* 20,840 5,161 4,331 15,164 3,528 * 13,106 11,348 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 36% y/y growth
Slide 11: Financial Performance – DIL Consolidated
Financial Performance – DIL Consolidated Gross Margin - Quarterly Gross Margin - Annual 71.4% 71.2% 71.0% 71.4% 71.3% GM % 70.3% 69.6% 69.6% 71.2% 4,457 14,842 4,209 3,664 3,091 10,560 9,217 2,511 7,902 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 36% y/y growth Brand Cont
Slide 12: Financial Performance – DIL Consolidated
Financial Performance – DIL Consolidated EBITDA (Pre-IndAS) - Quarterly EBITDA (Pre-IndAS) - Annual 15.7% * 5.6% 15.4% 16.4% 16.5%* % 7.3% 3.8% 8.1% 14.4% 1,026 978 2,995 795 678 961 919 196 576 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 44% y/y growth EBITDA (Post IndAS
Slide 13: Financial Performance – DIL Consolidated
Financial Performance – DIL Consolidated Profit after Tax** - Quarterly Profit after Tax** - Annual 5.4% -9.5% 9.0% 10.6% 12.9% % -7.2% -8.0% -7.2% 7.4% 1,551 759 660 466 234 FY 2019 FY 2020 FY 2021 FY 2022 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 (941) (813) (334) (1,214) 324% y/y growth Diluted EPS
Slide 14: Performance Trend – DIL India
Performance Trend – DIL India Revenue from Operations Gross Profit # Stores 655 696 759 838 892 % 72.0% 71.9% 71.6% 71.8% 71.6% 5,685 5,430 * 4,700 4,083 3,887 3,968 3,366 3,151* 2,840 2,266 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 37% y/y growth 37% y/y growth
Slide 15: Core Brands – KFC
Core Brands – KFC
Slide 16: Q4 Net New Stores - 25
Q4 Net New Stores - 25 GHAZIABAD SHIVAM ROAD, HYD PERUMBAVOR, KL MOOSAPET, HYD ANANTNAG 15
Slide 17: Business Performance – KFC
Business Performance – KFC Revenue from Operations - Quarterly Revenue from Operations - Annual 264 284 309 339 364 Stores 134 172 264 364 3,621 3,526 12,189 3,014 2,540 2,029 6,091 6,443 4,641 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 39% y/y growth ADS - Quarterly ADS
Slide 18: Financial Performance – KFC
Financial Performance – KFC Gross Profit - Quarterly Gross Profit - Annual 69.6% 69.4% 69.1% 69.3% 69.3% GM % 66.0% 64.8% 67.7% 69.3% 2,508 2,445 8,444 2,083 1,769 1,408 3,950 4,360 3,064 FY 2019 FY 2020 FY 2021 FY 2022 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 38% y/y growth Brand Contribution - Quar
Slide 19: Channel wise Sales Mix - KFC
Channel wise Sales Mix - KFC KFC Sales Mix - Quarterly KFC Sales Mix - Annual 11% 16% 32% 36% 37% 44% 41% 44% 65% Off-Premise On-Premise 89% 84% 68% 64% 63% 56% 59% 56% 35% Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 On-Premise = Dine-in, Eat-in or Takeaway Off-Premise =
Slide 20: Biryani Bucket Launch
Biryani Bucket Launch BIRVAN/ LOVERZ AB WAIT HAI OVERZ nN Ny ence i> Be (8x) ‘YOUR FAVOURITE CHICKEN SERVED COMPLETELY SAFE (100% )/ACCINATED') 3 = co rz ident — 7
Slide 21: Core Brands – Pizza Hut
Core Brands – Pizza Hut 20
Slide 22: Q4 Net New Stores - 22
Q4 Net New Stores - 22 PATNA TINSUKHIA, ASSAM BANGALORE RAIPUR VARANASI HYDERABAD
Slide 23: Business Performance – PH
Business Performance – PH Revenue from Operations - Quarterly Revenue from Operations - Annual 297 317 351 391 413 Stores 268 269 297 413 5,318 1,556 1,464 4,233 4,174 1,333 1,036 965 2,879 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 41% y/y growth ADS - Quarterly ADS - A
Slide 24: Financial Performance – PH
Financial Performance – PH Gross Profit - Quarterly Gross Profit - Annual 76.2% 75.9% 75.5% 75.6% 75.5% GM % 74.0% 74.9% 74.2% 75.6% 1,176 4,021 1,106 1,007 3,131 3,126 789 732 2,135 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 40% y/y growth Brand Contribution - Quarterly
Slide 25: Channel wise Sales Mix - Evolving
Channel wise Sales Mix - Evolving PH Sales Mix - Quarterly PH Sales Mix - Annual 31% 37% 52% 58% 59% 57% 62% Off-Premise 63% 80% On-Premise 69% 63% 48% 42% 41% 43% 38% 37% 20% Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 On-Premise = Dine-in, Eat-in or Takeaway Off-Premise
Slide 26: New Products
New Products 25
Slide 27: Core Brands – Costa Coffee
From the First Sip to Final Slurp flaps «COSTA PUT SUMMER ON PAUSE ao COSTA frappe COFFEE 26
Slide 28: Q4 Net New Stores - 5
Q4 Net New Stores - 5 LUDHIANA TRIVANDRUM GURGAON LUCKNOW
Slide 29: Business Performance – Costa
Business Performance – Costa Revenue from Operations - Quarterly Revenue from Operations - Annual 44 44 45 50 55 Stores 67 63 44 55 143 137 902 820 94 85 411 37 214 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 61% y/y growth ADS - Quarterly ADS - Annual -24.9% 344.9% 225.9
Slide 30: Financial Performance – Costa
Financial Performance – Costa Gross Profit - Quarterly Gross Profit - Annual 79.5% 79.7% 79.8% 79.8% 81.6% GM % 76.9% 77.3% 78.5% 80.4% 114 112 694 634 75 68 330 29 168 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 FY 2019 FY 2020 FY 2021 FY 2022 65% y/y growth Brand Contribution - Quarterly Brand Contrib
Slide 31: Promotions/ New Products
Promotions/ New Products dil 12:05 2B SS alGal 39% < ‘Posts , Posts @| costacottecinia @ cosacoesingia COSTA * Now Brewing at Lulu Mall cove Thiruvananthapuram See you at our latest store AIPL Joy Street, Sector 66, Gurugram BURST YOUR THIRST. . 9A Vv vA 11,268 views costacoffeeindia Our new Bubbly
Slide 32: DIL International: Nigeria and Nepal
DIL International Nigeria Nepal 28 Stores 18 Stores Q4 FY21 Q3 FY22 Q4 FY22 FY 21 FY 22 Exit Stores 37 46 46 37 46 Revenue from Operations 379 570 482 1,154 1,902 ADS (INR ‘000) 116 148 121 96 132 31
Slide 33: Summary Financials
Summary Financials
Slide 34: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Million) Q4 FY22 Q4 FY21 FY22 FY21 Revenue from Operations 5,907 4,331 20,840 11,348 Other Income 24 (144) 161 641 Total Income 5,931 4,187 21,001 11,989 Raw Material Cost 1,698 1,240 5,998 3,447 Gross Profit 4,209 3,091 14,842 7,902 Gross Margin
Slide 35: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Million) 31-Mar-22 31-Mar-21 Particulars (Rs. Million) 31-Mar-22 31-Mar-21 Equity Share Capital 1,205 1,154 (a) Property, plant and equipment 6,115 4,307 Other equity 5,658 (16) (b) Capital work-in-progress 68 143 Non-controlling interests (47) (419) (c) R
Slide 36: Social Initiatives
Social Initiatives
Slide 37: Awards & Recognition
Awards & Recognition IMAGES FOOD SERVICE : DIL Won ‘The most admired Food Court Operator’ award EFTS CONFERENCE ASIA : DIL Won 2 Awards 1) OVERALL PERFORMANCE AWARD 2) MOST IMPROVED TASTE SCORES 36
Slide 38: Social Initiatives
Social Initiatives Cultural Diversity & Consumer Focus on Gender Diversity connect KFC x IDCA partnership * all-women PH store @Hyderabad 20+ all-women stores across portfolio KFC Bucket Canvas brings together India’s young, budding artists. Celebrates its milestone of 600* restaurants through a uni
Slide 39: Q4 & FY22 Conference Call
Devyani International’s Q4 & FY22 Conference Call on Monday, May 02, 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 Monday, May 02, 2022 at 4:00 PM IST to discuss its results an
Slide 40: 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 938 stores across more than 200 cities in India, Nigeria and Nepal, as of March 3
Slide 41: Thank You!
DEVYANI INTERNATIONAL LIMITED Thank You!
Devyani International — Q4 FY22 Earnings Presentation on 6ix