Collins Foods Limited · ASX:CKF
Collins Foods — Shareholder Meeting (September 2019)
20 slides from Collins Foods's shareholder meeting presentation, Sep 5, 2019
Slide 1: 2019 Annual General Meeting
COLLINS For personal use only FOODS LIMITED 2019 ANNUAL GENERAL MEETING 5 September 2019 ACN 151 420 781
Slide 2: Chairman's address
For personal use only Chairman’s address Robert Kaye SC
Slide 3: Managing Director and CEO address
For personal use only Managing Director and CEO address Graham Maxwell
Slide 4: Total Collins Foods revenue
For personal use only Page 3 AUD$ MILLION 571.6 FY15 574.3 FY16 633.6 FY17 Total Collins Foods revenue 770.9 FY18 901.2 FY19
Slide 5: Total Collins Foods underlying EBITDA & NPAT
Total Collins Foods underlying EBITDA & NPAT For personal use only 113.7 94.5 81.3 74.6 67.4 45.0 38.9 AUD$ MILLION 34.3 30.1 24.6 FY15 FY16 FY17 FY18 FY19 Underlying EBITDA Underlying NPAT Page 4
Slide 6: KFC Australia
KFC Australia NT For personal use only 5 • Same Store Sales growth of 3.7% with all states showing positive growth 722.6 • Innovative products and 624.1 strong value offering driving 549.5 501.6 transaction led growth 483.1 AUD$ MILLION QLD 120.0 142 99.3 • 70 restaurants across our 89.8 81.9 74.4 n
Slide 7: KFC Europe
KFC Europe For personal use only • Generated overall revenue of $123.8m and underlying EBITDA of $6.8m in FY19 • Built 4 restaurants in FY19 with a further NETHERLANDS 3 restaurants open post year end • The introduction of value and snacking as 20 permanent layers supported by a national brand GERMA
Slide 8: Taco Bell
Taco Bell For personal use only • Opened our fifth restaurant in Southport, Qld - 17 August • Overall restaurants are trading in-line with expectations • Great value products and contemporary restaurant designs continue to resonate well with customers • Plan to rollout innovative new products that e
Slide 9: Sizzler
Sizzler For personal use only • Same Store Sales growth in Australia of 4.4% • Overall revenue down 8% driven by fewer restaurants in Australia • Royalty revenue up 12.2% in Sizzler Asia due to 5 new restaurant openings and strong value offer • EBITDA of $4.9m for the year at a margin of 10.5%, ~ 15
Slide 10: Net leverage ratio reduced due to strong operating cash flows
Net leverage ratio reduced due to strong operating cash flows For personal use only 250 3.00 2.75 227.2 212.5 200 • Net leverage ratio at 2.50 1.87 2.25 150 • Net leverage ratio 2.00 133.1 covenant maximum of 2.14 2.75 100 1.87 1.75 1.59 • Net debt of $212.5m(2) 1.50 50 1.25 • Current facility circa
Slide 11: Making a difference
Making a difference For personal use only • Collins Foods employs around 13,500 people, of which over 70% are below 20 years of age • We recognise that we are well positioned to positively influence our young employees and we take this seriously by investing in building their life skills and confide
Slide 12: Collins Foods Giving
Collins Foods Giving For personal use only • Collins Foods strives to build strong links in the communities by supporting local charity groups and organisations • Donated over $660k to charities: - $477k through our employee selected charities - $183k through the recently launched KFC Youth Foundati
Slide 13: AGM business
For personal use only AGM business
Slide 14: Item 1. Financial and other reports
ITEM 1. Financial and other reports For personal use only To receive and consider the Financial Report, Directors’ Report and Auditor’s Report of the Company and its controlled entities for the financial period ended 28 April 2019. Page 13
Slide 15: Item 2. Re-election of Director – Bronwyn Morris AM
ITEM 2. Re-election of Director – Bronwyn Morris AM For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “To re-elect as a Director of the Company Bronwyn Morris AM who, being a Director of the Company, retires and, being eligible, offers
Slide 16: Item 3. Adoption of Remuneration Report
ITEM 3. Adoption of Remuneration Report For personal use only To consider and, if thought fit, to pass the following as an ordinary resolution “That the Remuneration Report (which forms part of the Directors’ Report) in respect of the period ended 28 April 2019 be adopted.” Note: This resolution is
Slide 17: Item 4. Renewal of Shareholder Approval for LTIP
ITEM 4. Renewal of Shareholder Approval for LTIP For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purpose of Listing Rule 7.2 exception 9 and for all other purposes, the Collins Foods Limited Executive and Employee Ince
Slide 18: Item 5. Grant of Performance Rights to Graham Maxwell
ITEM 5. Proposed grant of Performance Rights to Graham Maxwell under the LTIP For personal use only To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That for the purpose of Listing Rule 10.14 and for all other purposes, approval is given for the grant, to
Slide 19: Item 6. Increase in Non-executive Directors' remuneration
ITEM 6. Increase in the maximum aggregate annual remuneration of For personal use only Non-executive Directors To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purpose of ASX Listing Rule 10.17, clause 50 of the Company’s Constitution and al
Slide 20: Disclaimer
Disclaimer For personal use only • This presentation contains forward looking statements which may be subject to significant uncertainties beyond CKF’s control. • No representation is made as to the accuracy or reliability of forward looking statements or the assumptions on which they are based. • C