Jubilant Foodworks Limited · NSE:JUBLFOOD
Jubilant Foodworks — Q3 FY2021 Earnings Presentation
29 slides from Jubilant Foodworks's earnings presentation, Feb 3, 2021
Slide 1: Outcome of Board Meeting held on February 3, 2021
Wll f.UBIIANT A,... ~ ~ Dom1nos • • p•1zzcr ~ l DUNICIN' ~ )DONUTS o- www.domlnos.co.ln www.dunklnlndla.com FOODWORKS www.jubilantfoodworks.com JFL/NSE-BSE/2020-21/91 February 3, 2021 BSE Ltd. National Stock Exchange of India Limited P.J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mum
Slide 2: Independent Auditor's Review Report on Standalone Results
Deloitte Chartered Accountants 7th Floor, Building 10, Tower B, Haskins & Sells LLP DLF Cyber City Complex DLF City Phase II, Gurugram - 122 002 Haryana, India Phone: +91 124 679 2000 Fax : +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE
Slide 3: Statement of Standalone Unaudited Financial Results
JUBllANT l'boDWOlll<S JUBILANT FOODWORKS LIMITED CIN NO. L7o4899UP11196PLC0438n , Regd. Office : Plot No. 1A, Sector-16A, Nolda - 201301 (U.P) Corporate Office - 5th Floor, Tower D, Plot No. 5, Loglx Techno Park, Sector-127, Noida - 201304 (U.P) Contact No: +91-120-4090500, Fax No: +91-120-4090599,
Slide 4: Notes to Standalone Financial Results
Notes: During the current periods, consequential to COVID 19 pandemic the Company hes negotiated several rent concessions. In view of recent amendments by the Companies (Indian Accounting Standards) Amendment Rules, 2020, the Company has elected, as a practical expedient, not to assess these rent co
Slide 5: Independent Auditor's Review Report on Consolidated Results
Chartered Accountants Deloitte 7th Floor, Building 10, Tower B, DLF Cyber City Complex Haskins & Sells LLP DLF City Phase II, Gurugram - 122 002 Haryana, India Phone: +91 124 679 2000 Fax: +91 124 679 2012 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE
Slide 6: Auditor's Review Report (continued)
Deloitte Haskins & Sells LLP 6. We did not review the interim financial information of subsidiaries viz. Jubilant FoodWorks Lanka Private Limited, Jubilant Golden Harvest Limited and JFL Employees Welfare Trust, included in the consolidated unaudited financial results, whose interim financial inform
Slide 7: Statement of Consolidated Unaudited Financial Results
JUBILANT FOODWORKS LIMITED JUBILANT CIN NO, L74899UP1995PLC0-'3677 FOODWORKS Regd. Office : Plot No. 1A, Sector - 16A, Nolda - 201301 (U.P) Corporate Office - 5th Floor, Tower D, Plot No. 5, Loglx Techno Park, Sector-127, Nolda - 201304 (U.P) Contact No: +91-120.,.090500, Fax No: +91-120.,.090599, E
Slide 8: Notes to Consolidated Financial Results
Notes: 1 During the current periods, consequential to COVID 19 pandemic the Group has negotiated several rent concessions. In view of recent amendments by the Companies (Indian Accounting Standards) Amendment Rules, 2020, the Group has elected, as a practical expedient, not to assess these rent conc
Slide 9: Press Release - Financial Results for Q3 and 9M FY21
Jubilant Foodworks Limited Press Release - Financial Results for Q3 and 9M FY21 Noida, 3rd February, 2021 – The Board of Directors of Jubilant Foodworks Limited today approved the financial results for the quarter and nine-months ended December 31, 2020. Performance Highlights • Revenue from Operati
Slide 10: Store Matrix Domino's Pizza Q3 FY21
Store Matrix Domino’s Pizza Particulars Q3 FY21 Q3 FY20 9M FY21 9M FY20 SSG* (1.7)% 5.9% (26.4)% 5.0% Like-for-like Growth** (Restaurants temporarily closed due to 1.4% 7.2% (16.6)% 6.5% Covid-19 removed from respective months in last year) Like-for-Like Growth** (0.2)% 7.2% (25.8)% 6.5% Network dat
Slide 11: About Jubilant Foodworks Ltd
About Jubilant Foodworks Ltd: Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company. Its Domino’s Pizza franchise extends across a network of 1,314 restaurants in 285 cities (as of December 31, 2020). The Company has the exclusive right
Slide 12: Q3 and 9M FY21 Earnings Presentation
Q3 and 9M FY21 Earnings Presentation 3rd February 2021
Slide 13: Highlights Q3 FY21
2 • Revenue from Operations at Rs. 10,572 mn, an increase of 31.2% sequentially; Domino’s delivered a recovery of 100.3% vs. last year o Delivery channel registered growth of 18.5% year-on-year o Takeaway channel registered growth of 64.3% year-on-year • EBITDA at Rs. 2,786 mn, increased by 9.9%; EB
Slide 14: Forayed in the Biryani Segment with brand Ekdum!
3 Forayed in the Biryani Segment with brand Ekdum! • Ekdum! offers a large variety of Biryanis curated from various parts of India • All stores have open kitchens and maintain the highest standards of 2 new city added in Q1 FY19 hygiene • Available in unique, tamper-proof packs which are eco-friendl
Slide 15: New Innovation - The Unthinkable Pizza
4 New Innovation Introduced in the Market - The Unthinkable Pizza! • India’s first plant protein-based product 2 new city added in Q1 FY19 • 100% vegetarian with the sensory properties of chicken • Will provide both vegetarians and non-vegetarians an interesting and innovative option in the menu
Slide 16: Domino's Drive-N-Pick to replicate Drive Through experience
5 Domino’s Drive-N-Pick to seamlessly replicate Drive Through experience How It Works • On the Domino’s app, the customer selects “Takeaway” and chooses “Drive-N-Pick” • Customer enters her/his vehicle details and continues placing the order • Customer either opts to pick up the order in 15 minutes
Slide 17: Domino's Sales Recovery Trends
6 Domino’s Sales Recovery Trends System Sales Recovery 106.0% 106.0% 99.5% 100.3% 96.2% 82.3% 170.3% 173.4% 164.3% 159.1% 164.3% 149.8% 125.6% 118.5% 119.2% 116.3% 114.7% 40.5% 105.8% 89.7% 81.7% 80.6% 78.0% 66.7% 71.9% 54.3% 56.6% 43.1% 43.7% 47.0% 41.6% 33.9% 13.6% 17.5% 2.1% Q1FY21 Q2FY21 October
Slide 18: Result Trends
7 Result Trends Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Oct ’20 Nov ’20 Dec ‘20 Q3FY21 Jan ’21 JFL System Revenue 14.1% 3.8% (40.5)% (18.5)% (4.2)% 5.2% (1.2)% (0.2)% 5.1% Growth Domino’s LFL Gr (%) (Restaurants temporarily closed 7.2% (2.3)% (47.3)% (13.1)% (2.6)% 7.5% (0.1)% 1.4% 6.6% due to Covid-19 remo
Slide 19: Domino's Pizza Network Data
8 Domino’s Pizza Network Data Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Restaurant at the beginning of the period 1,283 1,325 1,335 1,354 1,264 New Restaurants 44 13 24 10 50 Closed restaurants 2 3 5 100 0 Restaurants at the end of the period 1,325 1,335 1,354 1,264 1,314 HIGHLIGHTS DOMINO’S PIZZA City/Tow
Slide 20: Online Ordering (OLO)
9 Online Ordering (OLO) Period Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Average OLO contribution to delivery sales 87% 89% 99% 99% 98% 2 new city added in Q1 FY19 Mobile Ordering sales contribution to overall OLO 95% 96% 98% 98% 97% Downloads of mobile ordering App (cum.) 29.4 mn 33.1 mn 37.5 mn 43.8 mn 5
Slide 21: International Highlights
10 International Highlights Domino’s Sri Lanka Domino’s Bangladesh (23 stores) (4 stores) • Opened 1 new store • Overall system sales recovery y-o-y in Q3: 94.9% o Delivery sales recovery: 241.6% INTERNATIONAL • Overall system sales recovery y-o-y in Q3: 82.5% o Takeaway sales recovery: 105.9% o Del
Slide 22: Dunkin' Donuts and New Brands Network Data
11 Dunkin’ Donuts Network Data Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Restaurant at the beginning of the period 30 32 34 30 26 New Restaurants 2 2 0 1 2 Closed restaurants 0 0 4 5 1 Restaurants at the end of the period 32 34 30 26 27 HIGHLIGHTS New Brands – Hong’s Kitchen and Ekdum! Network Data DUNKIN’
Slide 23: Management Views
12 MANAGEMENT VIEWS Commenting on the performance for Q3 and 9M FY21, Mr. Shyam S. Commenting on the performance for Q3 and 9M FY21, Mr. Pratik Pota, Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant CEO and Wholetime Director, Jubilant Foodworks Limited said, Foodworks Limited said,
Slide 24: Quarterly Standalone Financials
13 Quarterly Standalone Financials Particulars (Rs. mn) Q3 FY21 Q3 FY20 Growth% Revenue from operations 10,572 10,596 -0.2% Other Income 156 159 -2.2% Total Income 10,728 10,755 -0.3% Raw Material and Beverage Cost 2,294 2,659 -13.7% Gross Profit 8,278 7,937 4.3% Margins1 78.3% 74.9% Personnel Expen
Slide 25: Quarterly Consolidated Financials
14 Quarterly Consolidated Financials Particulars (Rs. mn) Q3 FY21 Q3 FY20 Growth% Revenue from operations 10,693 10,714 -0.2% Other Income 159 162 -1.8% Total Income 10,852 10,875 -0.2% Raw Material and Beverage Cost 2,328 2,690 -13.5% Gross Profit 8,365 8,024 4.3% Margins1 78.2% 74.9% Personnel Exp
Slide 26: Nine Monthly Standalone Financials
15 Nine Monthly Standalone Financials Particulars (Rs. mn) 9M FY21 9M FY20 Growth% Revenue from operations 22,430 29,879 -24.9% Other Income 594 484 22.7% Total Income 23,024 30,363 -24.2% Raw Material and Beverage Cost 4,838 7,410 -34.7% Gross Profit 17,592 22,469 -21.7% Margins1 78.4% 75.2% Person
Slide 27: Nine Monthly Consolidated Financials
16 Nine Monthly Consolidated Financials Particulars (Rs. mn) 9M FY21 9M FY20 Growth% Revenue from operations 22,740 30,185 -24.7% Other Income 602 489 23.1% Total Income 23,342 30,674 -23.9% Raw Material and Beverage Cost 4,920 7,505 -34.4% Gross Profit 17,820 22,681 -21.4% Margins1 78.4% 75.1% Pers
Slide 28: Key Focus Areas
17 KEY FOCUS AREAS STRENGTHEN BUILD DIGITAL FOCUS ON GROW EXPAND CHANNEL STRENGTHS INNOVATION INTERNATIONAL NEW BRAND PLAY AND VALUE PORTFOLIO OPTIMIZE COSTS AND DRIVE EFFICIENCIES
Slide 29: About Jubilant Foodworks
18 Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company. Its Domino’s Pizza franchise extends across a network of 1,314 restaurants in 285 cities (as of December 31, 2020). The Company has the exclusive rights to develop and operate Do