Americana Restaurants International Plc · ADX:AMR
Americana Restaurants International — Q1 2025 Earnings Presentation
23 slides from Americana Restaurants International's earnings presentation, May 2, 2025
Slide 1: Earnings Presentation Q1 25 Results
EARNINGS PRESENTATION Q1 25 RESULTS GREAT PEOPLE, GREAT FOOD, GREAT COMPANY May 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 CHIEF FINANCIAL OFFICER & CHIEF GROWTH OFFICER 03 The Way Forward PUJEET PAREKH HEAD OF INVESTOR RELATIONS 04 Appendix 2
Slide 4: Business Updates
= ww BUSINESS UPDATES
Slide 5: Elevating experiences and building communities around the joy of food
Elevating experiences and building communities around the joy of food Sustaining market leadership while strengthening engagement with communities, partners, and franchisors. Recognized as one of the top YUM franchise globally Nurture relations with our partners for mutual benefits Yum! Partners Awa
Slide 6: Q1 25 Performance dashboard
Q1 25 Performance dashboard Restaurant Portfolio Revenues $ 573.4m LfL 2630 stores (vs. Q1 24) (vs. Q1242) +236 gross new restaurants added 16.2% increase 13.9%2 Increase (LTM1) 40 new sites are secured and under construction EBITDA $121.7m Net Profit $ 32.6 m Capex3 $27.8m (vs. Q1 24) (vs. Q1 24) 4
Slide 7: 236 store additions in the past 12 months, with a robust pipeline
236 store additions in the past 12 months1, with a robust pipeline in line with the guidance. Restaurant portfolio evolution (1 Apr 24 – 31 Mar 25) Restaurants pipeline for 2025E No. of restaurants closures 46 (13) (3) 31 2,630 2,456 (2) (44) 159 150-160 net NSOs 50 176 60 160 51 46 37 40 14 Q1 24 Q
Slide 8: Financial Review
Ss] = FINANCIAL: REVIEW
Slide 9: 16.2% Revenue growth fueled by robust LFL sales growth and new store openings
16.2% Revenue growth fueled by robust LFL sales growth and ongoing new store openings Revenue bridge (Q1 24 to Q1 25) Revenue mix $m $m % of stable pegged 83% 84% currency +16.2% 4 (1%) 3 (1%) 31 (5%) 31 (6%) 35 460 (93%) 539 (94%) -7 1 573 65 -14 Q1 24 Q1 25 494 Power Brands Growth/Niche Brands Oth
Slide 10: Double digit growth in EBITDA and Net Profit driven by LfL revenue growth
Double digit growth in EBITDA and Net Profit driven by LfL revenue growth and focus on cost discipline 4-Wall EBITDA EBITDA Net Profit $m $m $m 10.8% 17.4% 16.5% 158 122 143 104 32.6 28.0 28.9% 27.5% 21.1% 21.2% 5.7% 5.7% Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Margin (% of revenues) YoY Growth Source:
Slide 11: 1.5% increase in net profit margin adjusted for one-off reliefs
1.5% increase in net profit margin in Q1 2025 vs Q1 2024 adjusted for one-off reliefs in Q1 2024 Net profit bridge (Q1 FY24 to Q1 FY 25) $m 5.7% 4.2% +1.5% 5.7% 22.9 (3.5) 32.6 28.0 (7.4) 20.6 (7.4) +$12M 1 2 Q124 One-offs Q124 - Adj Revenue Growth Pillar II Tax Others Q125 Growth In Value Net Profi
Slide 12: Net working capital stable and measured capital deployment
Net working capital stable and measured capital deployment Net Working Capital Gross Capex $m $m (8.9%) (8.9%)1 4.4% 4.8% (195) (202) 37 60 110 133 134 142 (440) (478) 28 22 2 31 December 2024 31 March 2025 Q1 24 Q1 25 Payables Receivables Inventory Gross capex Gross new restaurants opened NWC NWC %
Slide 13: The Way Forward
THE WAY FORWARD 12
Slide 14: 2025 guidance
2025 guidance Revenue ✓ Continued focus on transactions ✓ Organic and Inorganic avenues for Growth recovery recovery and average check growth long term platform development ✓ Continue to maintain value ✓ 150 – 160 net NSO rollout in 2025; leadership NSO continued expansion in the UAE, KSA, Innovatio
Slide 15: Concluding Remarks and Q&A
CONCLUDING REMARKS AND Q&A 14
Slide 16: Appendix
APPENDIX 15
Slide 17: Portfolio evolution – FY 25
Portfolio evolution – FY 25 No. of restaurants – by country and brands Openings & closures – LTM No. of restaurants – by brand/ category Kazakhstan 129 Iraq 37 72 Lebanon 17 Qatar 109 Jordan 63 Morocco 46 37 Kuwait 262 Bahrain 78 31 26 24 UAE 605 14 12 13 9 9 - 21 Egypt 448 Oman 106 KFC Pizza Hut Ha
Slide 18: Free cash flows
Free cash flows Movement in Cash & Cash Equivalents Free Cash Flow (FCF) $m $m Q1 24 Q1 25 EBITDA 104 122 73 26 Hyper Inflation Effect 0 1 Net Capex (22) (28) 83 Tax (4) (7) 118 Change in NWC (50) 7 41 Change in Non-current Portion of Trade (36) (4) (5) (50) Payable (55) Lease Payments (50) (55) Q1
Slide 19: Power brands performance continued to demonstrate robust recovery
Power brands performance continued to demonstrate robust recovery driven by double digit growth in transactions Total Sales by power brands $m Total +14.8% +12.6% +26.6% +22.7% +24.5% +17.9% +0.7% +3.1% +16.2% +13.9% 2 75 342 102 22 22 573 60 80 494 298 Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 25 Q1 24 Q1 2
Slide 20: Gross margins increased due to decline in commodity prices
Despite increased discounts, Y-o-Y gross margins increased due to decline in commodity prices and procurement & revenue management initiatives Cost of inventory1 evolution (Q-o-Q) % Q2 24 vs Q2 23 Q3 24 vs Q3 23 Q4 24 vs Q4 23 Q1 25 vs Q1 24 Change2 % (2.7%) (1.7%) 0.2% (0.4%) 29.6% 29.4% 29.1% 29.2
Slide 21: EBITDA to Net Profit reconciliation
EBITDA to Net Profit reconciliation Post IFRS-16 basis $k Q1 24 Q1 25 Net profit attributable to shareholders of the company 28,024 32,649 Minority (Non-Controlling Interest) (1,363) (710) Income tax (including Pillar II), Zakat, and contribution to Kuwait Foundation for the 3,852 7,466 Advancement
Slide 22: Key definitions
Key definitions • EBITDA: • Net capex: EBITDA is defined as Net profit for the year plus finance cost (net), plus income Defined as Gross capex less proceeds from sale of property and equipment. Gross tax and zakat, plus depreciation and amortisation expenses, impairment capex defined as purchase of
Slide 23: Thank You
THANK YOU Investor.Relations@americanarestaurants.com 22
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