International Meal Company Alimentacao Sa · BMFBOVESPA:MEAL3
International Meal Company Alimentacao Sa — Q3 2011 Earnings Presentation
9 slides from International Meal Company Alimentacao Sa's earnings presentation, 2011
Slide 1: Earnings Release Presentation – 3Q11
Earnings Release Presentation – 3Q11
Slide 2: Highlights 3Q11
Highlights 3Q11 Number of Total number of stores grew to 257 in 3Q11. up from 202 in 3Q10. Stores Net Net Revenues of R$227.9 million. with 21.1% growth from 3Q10. Revenues Same SSS with 7.3% growth in 3Q11. with highlight for Airport and Road Store Sales segments. Shopping Malls and Other segments
Slide 3: Growth in Stores
Growth in Stores Evolution in number of stores - 3Q11/3Q10 (end of period) • Total number of stores totaled 257 in 3Q11. 117 up from 202 in 3Q10 (+55); 96 99 • Airports: 50 new locations. including: 67 o 34 in international locations; o 16 in Brazil; 17 20 22 21 • Roads: 3 Frango Assado stores; • Sh
Slide 4: Revenues and Same Store Sales
Revenues and Same Store Sales Net Revenues Same Stores Sales (SSS) (R$ million) (R$ million) 18.7% 700 647 600 7.7% 545 9.2% 5.0% 500 70.0 62.7 65.6 61.0 400 21.1% 60.0 57.5 50.6 53.1 50.0 300 228 40.0 188 5.2% 200 30.0 20.0 100 9.8 10.3 10.0 0 0.0 3Q10 3Q11 9M 2010 9M 2011 Airports Roads Shopping O
Slide 5: Gross Profit and Gross Margin
Gross Profit and Gross Margin 100.0% Cost of Sales Gross Profit 90.0% (% of Net Revenue) 31.7% 30.7% 31.3% 29.8% (R$ million / % of Net Revenues) 80.0% 70.0% 4.1% 2.5% 3.1% 2.9% 193.0 60.0% 200.0 180.0 170.8 50.0% 160.0 43.5% 42.3% 44.5% 44.7% 140.0 40.0% 120.0 30.0% 100.0 80.0 70.0 59.7 20.0% 60.0
Slide 6: Adjusted EBITDA and Adjusted EBITDA Margin
Adjusted EBITDA and Adjusted EBITDA Margin Operating Expenses Adjusted EBITDA (R$ million / % of Net Revenue) (R$ million / % of Net Revenue) Operating Expenses 43.6 53.2 154.0 192.7 Before Special Items 23.2% 23.4% 23.7% 22.2% % of Net Revenues 21.2% 26.0% 100 90.2 2.9% 3.5% 3.0% 90 21.0% 3.1% 80 7
Slide 7: Net Profit and Net Profit Margin
Net Profit and Net Profit Margin Net Profit (R$ million) • Impact of special items of R$1.4 million in 3Q11. mainly related to M&A SUMMARY 3Q11 3Q10 Var. (%) and new markets development (R$ million) 3Q11/3Q1 expenses; Adjusted EBITDA 33.0 26.9 22.6% Adjusted EBITDA MARGIN (%) 14.5% 14.3% 0.2 p.p. •
Slide 8: Cash Flow Highlights
Cash Flow Highlights Cash Flow Summary (R$ million) 150.0 133.4 100.0 46.5 37.2 50.0 14.0 3.8 10.3 8.5 5.2 0.0 3Q11 (0.8) (3.1) (9.4) (13.0) 9M 2011 (50.0) (33.1) (28.3) (29.1) (100.0) (111.7) (150.0) Cash from Income Tax Interest paid Net Cash Net Cash Net Cash FX Rate Net Cash operations paid from
Slide 9: Participants
Participants CEO Javier Gavilán IR Director Gonzalo Cardoner CFO Julio Millán Telephone: +55 11 3041.9538 ri@internationalmealcompany.com www.internationalmealcompany.com/ri 9
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