Darden Restaurants, Inc. · NYSE:DRI
Darden Restaurants — Proxy Contest (September 2014)
6 slides from Darden Restaurants's proxy contest presentation, Sep 9, 2014
Slide 1: Darden Restaurants (DRI)
Darden Restaurants (DRI) 1
Slide 2: Darden overview
Darden overview Darden is the world’s largest full service restaurant company. Approximately 1,500 company-operated restaurants across the US and Canada. Seven restaurant concepts spanning both casual dining and fine dining. Largest real estate portfolio in the casual dining industry. Financia
Slide 3: Darden overview (cont’d)
Darden overview (cont’d) Darden’s brands include 2 core flagship chains and 5 high-quality growth concepts. Core brands Specialty Restaurant Group (SRG) Unit count / AUV 54 / $7.1 million 52 / $8.2 million Leading Italian casual dining Full-service steakhouses concept 464 restaurants 38 / $5.7 milli
Slide 4: Opportunities for value creation at Darden
Opportunities for value creation at Darden Adjusting for real estate ownership, Darden’s margins are significantly below peers, despite the fact that it has an enormous scale advantage and is led by Olive Garden, which should be an extremely profitable concept given its high AUVs and pasta focus.
Slide 5: Opportunities for value creation at Darden
Opportunities for value creation at Darden Darden’s stock price has materially underperformed both the broader equity markets, its Proxy Peer Group and its closest direct competitors over the last 1-, 3-, and 5-year measurement periods. Summary Returns Five-Year Stock Price Chart Share Price Perform
Slide 6: Our plan for Darden
Our plan for Darden We believe there is a significant opportunity to unlock value at Darden. Our plan 1 A substantial Company-wide operational improvement plan designed to reduce costs meaningfully and put restaurant performance on par with Darden’s better-performing peers. 2 An evaluation of all
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