Dine Brands Global, Inc. Common Stock · NYSE:DIN
Dine Brands Global, Inc. Common Stock — Investor Presentation (November 2020)
17 slides from Dine Brands Global, Inc. Common Stock's investor presentation, Nov 19, 2020
Slide 1: Dine Brands Global, Inc. Investor Presentation
Exhibit 99.1 Dine Brands Global, Inc. Investor Presentation November 19, 2020 Exhibit 99.1 Dine Brands Global, Inc. Investor Presentation November 19, 2020
Slide 2: Disclosures
Disclosures “Dine Brands”, “Company”, “us” and “our” refer to Dine Brands Global, Inc. and its direct and indirect subsidiaries. The content of this presentation is as of November 19, 2020. The Company assumes no obligation to update or supplement this information. Statements contained in this prese
Slide 3: Business Overview
Business Overview Founded Founded $7.5 98% 1958 1980 #1 Asset-light franchised BILLION business model with in U.S. Family in system-wide sales 3,535 (2) significant scale and Casual as of 2019 Total Restaurants (1) dining Diversified sources of International Meaningful off- cash flow, including $910
Slide 4: Highly Franchised, Asset-light Business Model with Diversified Sources of Revenue
Highly Franchised, Asset-light Business Model with Diversified Sources of Revenue Sale of Royalties Pancake / Franchise Financing Rental Royalties Franchise (1) ~4.5% Waffle Fees Revenues Revenues ~4.0% Fees Dry-Mix Note: IHOP revenue sources exclude advertising fund contributions from franchisees,
Slide 5: Dine Brands Investment Merits
Dine Brands Investment Merits Same-Restaurant Sales Continued to Recover Across Both Brands Through Q3 2020 (1) #1 U.S. Family & Casual Dining Brands with Significant Scale Strong Liquidity and Cash Position with Minimal Capital Expenditure Requirements Asset-Light, Franchised Business Model Drives
Slide 6: Q3 2020 Highlights
Q3 2020 Highlights • Dine Brands maintains robust liquidity as restaurants continue to reopen and weekly comp sales trends improve at Applebee’s and IHOP. As of the third quarter ended September 30, 2020, the Company had $389.6 million of cash, including restricted cash of $80.3 million. • Applebee’
Slide 7: Domestic Restaurant Status Update
Domestic Restaurant Status Update 97% of units were open for Dine-in / Off-Premise as of September 30, 2020 17 14 3 th th 99% of Applebee’s open as of September 30 95% of IHOPs open as of September 30 Note: Fully open means indoor dining with capacity restrictions in many instances. Source: Dine Bra
Slide 8: Improvement in Weekly Comp Sales Trends
Improvement in Weekly Comp Sales Trends th th For the period Apr 5 - Sep 30 , Applebee’s comp sales improved +77.4 ppts; IHOP improved +58.0 ppts 17 14 Source: Dine Brands Global, Inc. data 8Improvement in Weekly Comp Sales Trends th th For the period Apr 5 - Sep 30 , Applebee’s comp sales improved
Slide 9: Applebee's: Many states are rapidly rebuilding sales but several larger states are more challenged
Applebee’s: Many states are rapidly rebuilding Applebee’s sales but several larger states are more challenged Midwest Mountain Plains Northeast Southeast Southwest West % of last year’s sales (week ending 10/25) 114 114 124 113 106 104 102 101 101 110 108 108 107 104 102 101 100 99 109 97 107 85 93
Slide 10: IHOP: CA is above 60% but still behind; many NE states above average
IHOP: CA is above 60% but still ~15pp behind back of the pack; despite Fall weather many NE states are above average % of last year’s sales (week ending 10/25) 100% Source: Dine Brands Global, Inc. data 10 10IHOP: CA is above 60% but still ~15pp behind back of the pack; despite Fall weather many NE
Slide 11: Applebee's 2020 Off-Premise Sales Update
Applebee’s 2020 Off-Premise Sales Update Off-premise sales have accounted for approx. 1/3 of total sales since dining rooms have re-opened Source: Dine Brands Global, Inc. data 11 11 Updated Through 9/30/2020Applebee’s 2020 Off-Premise Sales Update Off-premise sales have accounted for approx. 1/3 of
Slide 12: IHOP 2020 Off-Premise Sales Update
IHOP 2020 Off-Premise Sales Update Off-premise total sales and % of total grew rapidly and have held at 1/3 of total sales as dining rooms reopened Source: Dine Brands Global, Inc. data (IHOP Domestic + Hawaii locations, EXCLUDING SRP) 12 12 Updated Through 9/30/2020IHOP 2020 Off-Premise Sales Updat
Slide 13: Consistent IHOP Net Unit Development
Consistent IHOP Net Unit Development (1) IHOP had a five-year average closure rate of 1.5% Source: Dine Brands Global, Inc. data and Bloomberg Finance L.P. 13 13 (1) Closure rate based on the number of restaurants closed as a percentage of total IHOP restaurants at the start of the fiscal year. Cons
Slide 14: Growth Opportunities
Growth Opportunities Digital sales channels to increase already robust off-premise sales as restrictions on dining room operations are eased IHOP restaurant development in travel centers and non-traditional locations as well as fast-casual formats Leverage technology to improve how guests engage wit
Slide 15: Appendix
6 Jebees | IMHO Applebees | IHOP Appendix
Slide 16: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Twelve Month Period Ended December 31, ($ in millions) 2019 Reconciliations: Net Income (Loss) $104.3 Income Tax Provision (Benefit) $34.1 Interest Charges $71.8 Depreciation and Amortization $42.5 EBITDA $252.7 Adjustments: Non-cash Stock-based Compensation Expense $1
Slide 17: Dine Brands Global, Inc.
Dine Brands Global, Inc.Dine Brands Global, Inc.
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