Alsea, S.a.b. De C.v. · BMV:ALSEA
Alsea, S.a.b. De C.v — Q2 2023 Earnings Presentation
21 slides from Alsea, S.a.b. De C.v's earnings presentation, 2023
Slide 1: Update 2Q23
Update 2Q23
Slide 2: Our presence
OUR presence 1,385 1,695 415 75 75 31 7 243 137 24 29 220 8 13 120 4,477 restaurants 15 brands 12 countries 77% +320 +76,000 MEXICO COLOMBIA CHILE ARGENTINA CORPORATE MILLION EMPLOYEES 2,237 246 236 247 23% ORDERS SERVED LTM FRANCHISES URUGUAY SPAIN FRANCE PORTUGAL 16 1,109 225 25 NETHERLANDS BELGIU
Slide 3: Alsea's history
ALSEA´S history 1990 1992 1995 1999 2002 2006 2007 2008 2009 2012 2013 2014 2016 2018 2019 2022 2023 UNITS 01 500 1,000 1,862 2,714 3,195 4,477 Not part of the current portfolio Launch Business Model Expansion Consolidation UPDATE 2023 3
Slide 4: Innovation: consumer & technology
INNOVATION consumer & Acfive users": Starbucks Mexico +948k Starbucks Chile +113k Starbucks Argentina +109k Starbucks Spain +61k Starbucks Portugal +6k Starbucks France +112k Domino's Mexico +1.7million Domino’s Spain +930k Domino’s Colombia +239k Total Starbucks: eS) million users 29.3% Tender Tota
Slide 5: Strategy 2Q23
Strategy 2Q23
Slide 6: Global Digital KPIs
GLOBAL Digital KPIs Digital customers 3.0 million 2.1 million 1.2 billion Mexico Southmamerica Europe Tender 28% Digital Sales Growth vs LY TENDER Digital sales 48.1% ↑ 29.3% 4.7 Billion 13.4% ↑ 40.2% 21.4% ↑ Growth vs. LY 6.7% ↑ 21.5% Digital orders 22.5 46% ↑ 23.4% Million 9.7% ↑ Growth vs. LY Res
Slide 7: Diversified portfolio
DIVERSIFIED portfolio POPULATION SEGMENTS DAY PARTS Actual Market AB C+ C C- D, E Morning Lunch A"ernoon Evening 4,477 UNITS Population +400 Served by the Informal sector MILLION GDP USD 8,775 BILLION Orders +320 MILLION UPDATE 2023 8
Slide 8: Alsea Culture
ALSEA Culture Way Our Values to win commitment What we believe in: 1 DEVELOP A WORLD Have the Best Talent CLASS TEAM Operational Excellence 2 ALWAYS MAKE THE Digital Transformation and BEST DECISION FOR OUR CLIENTS AND Strategic Cutting-Edge Marketing COLLABORATORS Business Model 3 Portfolio Growth
Slide 9: Growth strategy
GROWTH strategy 38% 44% 35% 21% Market Holding 32% capacity 17% 66% 35% 21% South America Casual & Family Dining 21% 51% 32% 71% 22% 7% Mexico Europe 8% +7,000 36% 11% 56% ALSEA WHITE SPACE +2,530 ~880 ~1,040 ~610 Mexico Europe V South America UPDATE 2Q23 10
Slide 10: Global Supply chain
GLOBAL Supply chain Region Distribution Transportation Inventories Manufacturing 5PL • Distribution •4 Distribution •Fast Food Road Alsea´s property • 4 Manufacturing • Transportation Centers 140 Transportation Plants • Procurement •1 Warehouse units Pizza Dough, • Replenishment Pastries, Bakery, •
Slide 11: Financials 2Q23
Financials 2Q23
Slide 12: Consolidated Results pre-IFRS 16
CONSOLIDATED Results pre!IFRS 16 Sales MARGIN EBITDA 2Q23 18,624 13.7% 2Q23 2,545 10.9% 15.0% 2Q22 16,793 13.2% 2Q22 2,212 FY22 67,471 12.9% FY22 8,693 27.6% 33.3% FY21 52,865 12.3% FY21 6,520 Net Ordinary Income Net Debt/ EBITDA 2Q23 475 2Q23 2.2x 250 89.7% 2Q22 2Q22 2.8x FY22 1,758 222.2% Excludin
Slide 13: Consolidated Results post-IFRS 16
CONSOLIDATED Results post!IFRS 16 Sales MARGIN EBITDA 2Q23 18,949 20.3% 2Q23 3,839 11.9% 5.8% 2Q22 16,939 21.4% 2Q22 3,627 FY22 68,831 20.4% FY22 14,050 28.9% 14.1% FY21 53,379 23.1 % FY21 12,311 Net Ordinary Income Net Debt/ EBITDA 2Q23 490 2Q23 2.8x 237 106.9% 2Q22 2Q22 3.2x FY22 1,576 100.9% Incl
Slide 14: Business Overview Mexico
BUSINESS Overview Mexico 1% 1% Units 3% Sales* 2% 3% 5% 2% 4% 81% CORPORATE 19% FRANCHISES 8% 6% 38% 40% 11% 12% 13% 35% 16% Results Pre-IFRS 16 Post-IFRS 16 Total Stores 2Q23 2Q22 2Q23 2Q22 2,467 2,346 2,272 2,248 2,237 SSS 14.1% 28.1% 14.1% 28.1% 2,215 2,184 2,174 Revenues 9,831 8,357 9,831 8,357
Slide 15: Business Overview Europe
BUSINESS Overview Europe Other** Units 4% 2% Sales* 7% 2% 1% 1% 1% 9% 24% 63% corporate 37% FRANCHISES 7% 36% 8% 13% 15% 26% 19% 25% Results Pre-IFRS 16 Post-IFRS 16 Total Stores 2Q23 2Q22 2Q23 2Q22 1,494 1,398 1,376 1,424 1,476 SSS 11.5% 31% 11.5% 31.0% Revenues 5,658 5,421 5,658 5,421 499 549 593
Slide 16: Business Overview South America
BUSINESS Overview South America Units 4% 1% Sales* 1% 1% 1% 8% 3% 93% CORPORATE 7% FRANCHISES 21% 45% 48% 42% 25% Results Pre-IFRS 16 Post-IFRS 16 Total Stores 2Q23 2Q22 2Q23 2Q22 723 746 SSS 3,136 100.2% 49.0% 100.2% 628 640 633 664 543 481 Revenues 3,136 3,016 3,460 3,162 Adjusted EBITDA 526 465 7
Slide 17: Business Overview Alsea
BUSINESS Overview ALSEA Other** 1% Units 1% 1% 3% 2% Sales* 1% 3% 2%1% Sales per 18% EBITDA per 14% 3% 2% 4% 3% 2% Geography Geography 77% CORPORATE 23% FRANCHISES 5% 5% 38% 4% 36% Pre IFSR 16 52% 23% 9% 14% 30% 63% 13% 31% 17% Mexico Europe South America Results Pre-IFRS 16 Post-IFRS 16 Total Store
Slide 18: Leverage and CAPEX
LEVERAGE And CAPEX 11% 11% 9% 7% 4% 5% 6% 6% } 2.4x 2.0x 3.4x 2.9x 19.0x 3.8x 2.5 x 2.2% CAPEX as percentage of sales (LTM) Net Debt/EBITDA (pre-IFRS16) CAPEX 4.8 4.3 (excluding acquisitions) 4.3 4.3 4.2 3.8 In the Last Twelve 2.4 Monts 1.7 1.7 2016 2017 2018 2019 2020 2021 2022 2023 Figures in bill
Slide 19: Debt Profile
DEBT Profile Pre IFRS 16 Post IFRS 16 Capital structure 2Q23 2Q22 2Q23 2Q22 Debt Maturity Net Debt / EBITDA 2.2 x 2.8 x 2.8 x 3.5 x 5% 11% 10% 45% 29% EBITDA/ Interest Paid 3.2 x 3.7 x 3.8 x 4.4 x Rate Mexican Peso 13.23% Euros 5.96% $11,780 Chilean Pesos 3.48% $7,516 Consolidated rate 10.76% $2,832
Slide 20: Sustainability
SUSTAINABILITY GROWTH Distribution centers regularly assessed for quality and safety standards 1. June 2023 DEVELOPEMENT - +851K meals served to children VXMC! (| 7 tons of food donated benefiting +32K people! (| Donated 5 vehicles to BAMX increasing the association's capacity to combat hunger BALAN
Slide 21: Investor information
ALSEA Investor information Nicolás Espinoza ri@alsea.com.mx Headquarters Phone: +52 (55) 7583-2000 Alsea, S.A.B. de C.V. Av. Revolución #1267–21st. Floor Corporate Tower Col. Los Alpes, Del. Alvaro Obregón Zip Code 01040, Mexico City Phone: +52 (55) 7583-2000 The slides of this presentation, contain
Alsea, S.A.B. de C.V. — Q2 2023 Earnings Presentation on 6ix