Americana Restaurants International Plc · ADX:AMR
Americana Restaurants International — Q3 2025 and 9M 2025 Earnings Presentation
28 slides from Americana Restaurants International's earnings presentation, Nov 3, 2025
Slide 1: Earnings Presentation Q3 & 9M 25 Results
EARNINGS PRESENTATION Q3 &9M 25 RESULTS Building Communities Around The Joy Of Food Nov 2025 0
Slide 2: Disclaimer
Disclaimer Cautionary statement regarding forward looking information This presentation includes statements that are, or may be deemed to be, "forward looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "e
Slide 3: Agenda & Presenters
AGENDA & PRESENTERS AMARPAL SANDHU 01 Business Updates CHIEF EXECUTIVE OFFICER 02 Financial Review HARSH BANSAL 03 Concluding Remarks and Q&A CHIEF FINANCIAL OFFICER & CHIEF GROWTH OFFICER PUJEET PAREKH 04 Appendix HEAD OF INVESTOR RELATIONS 2
Slide 4: Business Updates
= ww BUSINESS UPDATES
Slide 5: Q3 Brands Initiatives – Power Brands
Q3 25 Brands Initiatives – Power Brands Iconic Brand Collaborations & Innovation: Driving Engagement, Partnerships & Margin Growth 4
Slide 6: Q3 Brands Initiatives – Growth Brands
Q3 25 Brands Initiatives – Growth Brands Iconic Brand Collaborations & Innovation: Driving Engagement, Partnerships & Margin Growth 5
Slide 7: Championing Inclusion & Driving Digital Growth
Championing Inclusion & Driving Digital Growth Continuing to Champion Inclusion Driving Digital Transformation • Accelerated Kiosk Rollout : • “Sign & Smile” card to • 2,490 Kiosks have been rolled out till promote sign language date ; 526 kiosks have been installed • 4 new inclusive Pizza Hut in Q3
Slide 8: Q3 Performance dashboard
Q3 25 Performance dashboard Restaurant Portfolio Revenues $622.7m LfL 2,657 stores (vs. Q3 24) (vs. Q3 24) +32 gross new restaurants added 12.2% increase 6.7% increase in Q3 25 EBITDA $139.3m Net Profit $42.9m Capex $28.5m (vs. Q3 24) (vs. Q3 24) 4.6% of revenue 18.6% increase 14.7% increase Source:
Slide 9: 9M Performance dashboard
9M 25 Performance dashboard Restaurant Portfolio Revenues $1,839.7m LfL 2,657 stores (vs. 9M 24) (vs. 9M 24) +214 gross new restaurants added 14.4% increase 10.4% Increase (LTM1) 78 new sites are under construction EBITDA $414.2m Net Profit $135.4m Capex2 $78.2m (vs. 9M 24) (vs. 9M 24) 4.2% of reven
Slide 10: 214 store additions in past 12 months, net NSO guidance revised
214 store additions in the past 12 months1, net NSO guidance revised to 110 to 120 for 2025 Restaurant portfolio evolution Restaurants pipeline for 2025E No. of restaurants 26 Net NSOs 69 86 67 excl PH Oman 46 (5) (2) 2,657 2,504 33 (8) (46) 135 118 110 - 120 112 net NSOs3 24 46 16 113 100 68 78 9M
Slide 11: Financial Review
Ss] = FINANCIAL: REVIEW
Slide 12: 14.4% Revenue growth fueled by LFL sales growth and new store openings
14.4% Revenue growth fueled by robust LFL sales growth and ongoing new store openings 4 Revenue bridge (9M 24 to 9M 25) Revenue mix $m $m % of stable pegged 83% 83% +14.4% currency 114 (<1%) 1,840 160 -18 -22 -2 (1%) (6%) 1,608 (6%) (94%) (93%) 9M 24 9M 25 Power Brands Growth/Niche Brands Others 9M
Slide 13: Q3 2025 – Power Brands Sustain Strong Momentum
Q3 2025 – Power Brands Sustain Strong Momentum Through Operational Initiatives and Menu Innovation Revenues by Power Brands (Q3 24 and Q3 25) $m Total 9.4% 5.8% 16.1% 9.6% 17.4% 7.8% 10.1% 8.7% 12.2% 6.7% 2 368 109 82 22 623 336 20 555 94 70 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 2
Slide 14: Similar trends observed during 9M 25 across Power brands
…with similar trends observed during 9M 25 across Power brands Revenues by Power Brands (9M 25 and 9M 24) $m Total 12.7% 9.8% 19.4% 14.6% 22.2% 13.3% 6.1% 4.5% 14.4% 10.4% 2 242 67 1,840 1,094 321 63 1,608 971 269 198 9M 24 9M 25 9M 24 9M 25 9M 24 9M 25 9M 24 9M 25 9M 24 9M 25 1 3 Source: Company in
Slide 15: Double digit growth in EBITDA and Net Profit (Q3)
Double digit growth in EBITDA and Net Profit driven by LfL revenue growth and focus on cost discipline 4 Wall EBITDA (Q3 24 and Q3 25) EBITDA (Q3 24 and Q3 25) Net Profit (Q3 24 and Q3 25) $m $m $m 18.4% 160 18.6% 80.0% 50 14.7% 30.0% 182 139 45 43 140 70.0% 25.0% 154 117 40 37 120 60.0% 35 20.0% 10
Slide 16: Double digit growth in EBITDA and Net Profit (9M)
Double digit growth in EBITDA and Net Profit driven by LfL revenue growth and focus on cost discipline 4 Wall EBITDA (9M 24 and 9M 25) EBITDA (9M 24 and 9M 25) Net Profit (9M 24 and 9M 25) $m $m $m 14.3% 18.2% 200 20.00% 15.3% 531 180 18.00% 464 160 16.00% 414 135 140 14.00% 351 117 120 12.00% 100 1
Slide 17: 1.1% increase in net profit margin in 9M 25 vs 9M 2024 adjusted
1.1% increase in net profit margin in 9M 25 vs 9M 2024 adjusted for one-off reliefs in Q1 2024 and incremental Pillar II impact Net profit bridge (9M 24 to 9M 25) $m 7.3% 6.9% +1.1% 8.0% 7.4% 56.1 146.7 (19.7) 135.4 117.4 (11.3) 110.2 (7.2) +$36M +33% 2 9M24 A One-offs 1 9M24 - Adj Revenue Growth Ot
Slide 18: Y-o-Y stability in cost of inventory
Y-o-Y stability in cost of inventory driven by locked vendor contracts and efficient supply chain processes Cost of inventory1 evolution (Y-o-Y) % Q2 24 vs Q2 23 Q3 24 vs Q3 23 Q4 24 vs Q4 23 Q1 25 vs Q1 24 Q2 25 vs Q2 24 Q3 25 vs Q3 24 Change2 % (2.7%) (1.7%) 0.2% (0.4%) 0.4% 3 (0.6%) 31.6% 29.6% 2
Slide 19: Net working capital improved and measured capital deployment
Net working capital improved and measured capital deployment Net Working Capital Gross Capex $m $m (8.9%) (8.2%)1 4.6% 4.2% (195) (199) 113 112 110 125 134 153 (440) (478) 78 74 2 31 December 2024 30 September 2025 9M 24 9M 25 Payables Receivables Inventory Gross capex Gross new restaurants opened N
Slide 20: Concluding Remarks and Q&A
CONCLUDING REMARKS AND Q&A 19
Slide 21: Appendix
APPENDIX 20
Slide 22: Portfolio evolution – LTM (1 Oct 24 – 30 Sep 25)
Portfolio evolution –LTM (1 Oct 24 – 30 Sep 25) 1 No. of restaurants – by country and brands Openings & closures – LTM No. of restaurants – by brand/ category Kazakhstan 134 Iraq 38 76 Lebanon 17 65 Qatar 109 Jordan 58 Morocco 51 Kuwait 266 33 Bahrain 77 29 UAE 615 17 15 7 11 12 8 Egypt 446 Oman 102
Slide 23: Free cash flows
Free cash flows Movement in Cash & Cash Equivalents Free Cash Flow (FCF) $m $m 9M 24 9M 25 EBITDA 351 414 (110) 12 Hyper Inflation Effect <1 1 Net Capex (73) (77) Tax (14) (26) Change in NWC (40) 4 298 378 (66) (63) Change in Non-current Portion of Trade (11) (12) Payable (303) Lease Payments (156)
Slide 24: 0.7% increase in net profit margin in Q3 25 vs Q3 2024 adjusted
0.7% increase in net profit margin in Q3 25 vs Q3 2024 adjusted for incremental Pillar II impact Net profit bridge (Q3 24 to Q3 25) $m 6.7% +0.7% 7.4% 6.9% 19.7 46.0 (11.1) 42.9 37.4 (3.1) +$9M +23% Q324 A Revenue Growth Others 1 Q325 - Pre Tax Incr. Q325 A 2 Pillar II Tax Growth Net Profit Margin S
Slide 25: EBITDA to Net Profit reconciliation
EBITDA to Net Profit reconciliation Post IFRS-16 basis $k Q3 24 Q3 25 Net profit attributable to shareholders of the company 37,421 42,908 Minority (Non-Controlling Interest) (866) 403 Income tax (including Pillar II), and Zakat 5,791 9,285 Finance cost (net) excluding finance costs on lease liabili
Slide 26: EBITDA to Net Profit reconciliation
EBITDA to Net Profit reconciliation Post IFRS-16 basis $k 9M 24 9M 25 Net profit attributable to shareholders of the company 117,381 135,390 Minority (Non-Controlling Interest) (3,102) (537) Income tax (including Pillar II), and Zakat 14,186 25,608 Finance cost (net) excluding finance costs on lease
Slide 27: Key definitions
Key definitions • EBITDA: • LfL: EBITDA is defined as Net profit for the year plus finance cost (net), plus income Like for like revenues growth denotes the percentage increase/decrease in the tax and zakat, plus depreciation and amortisation expenses, impairment revenues for those AMR restaurants w
Slide 28: Thank you
THANK YOU Investor.Relations@americanarestaurants.com 27
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