Whitbread Plc · LSE:WTB
Whitbread — Shareholder Meeting (2017)
14 slides from Whitbread's shareholder meeting presentation, 2017
Slide 1: Alison Brittain, Chief Executive
Alison Brittain Chief Executive 1
Slide 2: Group highlights – another year of strong growth
Group highlights – another year of strong growth Total Profit Earnings Full year Return Leverage revenue before tax* per share* dividend on capital +8.2%† +6.2%† +6.0%† +6.0% 15.2% 3.2x £3.1bn £565.2m 246.48p 95.80p *Underlying profit before tax and underlying earnings per share for 52 weeks to 2 Ma
Slide 3: Continued focus on Whitbread customers, teams and communities
Continued focus on Whitbread customers, teams and communities Investing in our people Investing in our customers 8th in Sunday Times Best Big UK’s favourite coffee shop Companies to Work For Force for Good Which? Travel Brand of the Top quartile Employee • £9m raised for GOSH Year Engagement • £11m
Slide 4: Current Trading – A good start to the year
Current Trading – A good start to the year Sales for the 13 weeks to 1 June 2017 Like for like sales Total sales Premier Inn 4.7 9.2 Restaurants 0.7 2.1 Costa 1.1 8.7 Total 2.9 7.6 4
Slide 5: A clear plan for future growth
A clear plan for future growth Structural growth Market leading brands Continued disciplined opportunity and loyal customers capital management Build capability Grow and innovate Focus on our strengths to support in core UK to grow internationally long term growth c.85,000 c.£2.5bn 2020 growth rooms
Slide 6: Premier Inn – Grow and Innovate in Core UK
Premier Inn – Grow and Innovate in Core UK Good returns Strong total sales growth • Underlying operating profit of £468m* • Total sales up 9.0% up 7.4% • 3,816 new UK rooms, c.9,000 • Return on capital of 13.0%* over 2 years • Structural growth in branded budget hotels • Faster maturity of new sites
Slide 7: Premier Inn delivers on both quality and value
Premier Inn delivers on both quality and value BrandIndex Hilton • Premier Inn leading on Marriott quality and value, securing Quality score wider market appeal* • Position improved Holiday Inn year on year Holiday Inn Express Ibis Travelodge Airbnb Value score * Scores are net (i,e. positive % minu
Slide 8: Good progress in rebranding and rejuvenating our restaurants
Good progress in rebranding and rejuvenating our restaurants • Restaurants providing a vital service to Premier Inn guests – Customers demand a good breakfast – Dinner very important to our B2B guests • Joint site restaurants increase Premier Inn revpar and returns • Further progress on rejuvenating
Slide 9: Costa – Grow and Innovate in Core UK
Costa – Grow and Innovate in Core UK Good returns Strong total sales growth • Underlying operating profit of £158m • Total sales up 10.7% up 5.3% • +255 net new stores worldwide • Excellent return on capital of 45% • +1,585 net new Express machines • Structural growth in coffee market Investing to d
Slide 10: UK's favourite coffee shop – 7th year in a row
UK’s favourite coffee shop* – 7th year in a row Brand Preference: Costa is the UK’s favourite Number of UK stores** 2,218 898 650 Source: 2008 – 2014; YouGov Q. If there were a Costa, Starbucks and Caffé Nero next door to each other, which one would be your FIRST choice to visit? 2015 – 2017; TNS On
Slide 11: Germany Replicate
WHITBREAD EXPRESS 4 f al 0 v * Structurally attractive market * Enormous market potential if we * Unique and technologically * Opportunity to create a scale step change brand awareness advantaged offer budget brand * Plan to focus on major cities * Focus and capital required to double up |
Slide 12: Whitbread building capabilities and efficiency
Whitbread building capabilities and efficiency Winning teams Cost efficiency Property Technology • Strengthen • A good start – • Successful sale • Insourced Costa Executive team savings in and leaseback digital team procurement and transactions to • Consolidating • Recruited new labour scheduling re
Slide 13: Cutting edge Roastery – driving innovation and efficiency
Cutting edge Roastery – driving innovation and efficiency • New Roastery - investment of £38 million • State of the art roasting and packing equipment – Increased capacity four fold – Underpins growth for next 20 years • Product innovation – Integrated laboratory and unique development roaster, that
Slide 14: Celebrating years as a great British business
Celebrating 275 YEARS as a great British business 14