Sphera Franchise Group Sa · BVB:SFG
Sphera Franchise Group Sa — FY2020 Earnings Presentation
25 slides from Sphera Franchise Group Sa's earnings presentation, Feb 26, 2021
Slide 1: Sphera Franchise Group Investor & Analyst Call
Sphera Franchise Group Investor & Analyst Call 2020 Preliminary Financial Results 26.02.2021
Slide 2: Disclaimer
Disclaimer This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of shares issued by Sphera Franchise Group SA ("Sphera"), or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy shares in Sphera. Neither
Slide 3: Welcome to SFG's 2020 Preliminary Results Call
Welcome to SFG’s 2020 Preliminary Results Call Sphera Franchise Group’s unaudited preliminary 2020 results are available for download our website: www.spheragroup.com. The recording of this conference call will be available on our website shortly. For any questions related to Sphera Franchise Group’
Slide 4: Agenda for today's call
Agenda for today’s call 1 Q4 & FY2020 Highlights 2 COVID-19 related updates from Q4 2020 3 Brand Performance 4 Q&A session 5 Annex: Key 2020 Financials 4
Slide 5: Q4 & FY2020 Highlights
Q4 & FY2020 Highlights WN severe
Slide 6: SFG Performance in Q4 2020
SFG Performance in Q4 2020 • QOQ turnover increase: SFG registered RON 208.4 million turnover in Q4 2020, a 5.3% increase QOQ despite more prevalent restrictions on indoor dining as well as Data in RON’000 Q4-20 Q4-19 Y/Y % colder months that made outdoor dining challenging for the customers. Restau
Slide 7: SFG Performance in 2020
SFG Performance in 2020 • H2 significantly better than H1: The strong performance in Q4 2020 helped offset the negative effect of weak H1 2020. Consequently, the Group closed 2020 with Data in RON’000 12M-20 12M-19 Y/Y % consolidated sales for a full year of RON 710.8 million, a decrease of 25.6% co
Slide 8: SFG 2020 Performance
SFG 2020 Performance 954.7 -2 881 5. 6% -1 9. 2% 96 260.4 712.2 -5 4. 710.8 232.2 1% Q4 -20% -9.7% 28.8 208.4 209.6 248.7 226.0 Q3 -20.5% -20.1% -45.7% 44.1 30.5 197.9 180.5 15.6 230.8 216.8 -11.8% Q2 -54.0% 106.3 -45.8% 117.5 21.2 -109.4% 26.9 214.7 198.3 206.0 -0.6% 204.8 -7.6% 15.5 -77.4% Q1 3.5
Slide 9: SFG 2020 Performance breakdown
SFG 2020 Performance breakdown Contribution to FY 2020 turnover 4.1% 10.8% 1.2% 9.6% Q4: 29.3% Q1: 27.9% 86.2% Q2: 15% 88.0% Q3: 27.8% Per market Per brand Per quarter 9
Slide 10: COVID-19 related updates from Q4 2020
COVID-19 related updates from Q4 2020 10
Slide 11: Restaurant development
Restaurant development Number of stores • +3 net stores in 2020: SFG operated 158 restaurants as of 31.12.2020. Out of 158 stores, 138 were based in Romania, 18 in Italy and 2 in Republic of Moldova. • 9 new openings: SFG inaugurated 5 new KFC restaurants in Romania (+1 relocation of a store based i
Slide 12: State aid, lease discounts
State aid, lease discounts State aid • Technical unemployment: At the end of 2020, approximately 6% of employees from Romania and 8% of employees based in Italy were in technical unemployment. In the Republic of Moldova, all the employees were back from technical unemployment as of Q3 2020. In the c
Slide 13: Financial measures, digitalization
Financial measures, digitalization Financial measures • Bank financing: All the financing facilities accessed in 9M2020 to ensure working capital were still applicable in Q4. In December 2020, the Group activated a short-term working capital line (RON 9.6 million) and paid back another short-term wo
Slide 14: Brand performance
Brand performance WN severe
Slide 15: KFC Romania
KFC Romania 19.5% All Store Performance 15.9% 18.9% 13.5% 12.6% • Q4 2020 was the best quarter of the year for KFC Romania as all store Q1’20 Q2’20 Q3’20 Q4’20 2020 performance recovered 5.6pp QOQ. 2019 Q1’19 Q2’19 Q3’19 Q4’19 • Worst performance April 2020 (-73.2% Y/Y), gradual recovery since. New
Slide 16: KFC Italy & KFC Republic of Moldova
KFC Italy & KFC Republic of Moldova All Store Performance 11.4% Q2’20 Q3’20 Q4’20 2020 KFC Italy Q1’20 -11.7% • Italian market was severely impacted by the COVID-19 restrictions imposed in -22.3% -33.5% Q4 2020. Consequently, sales across all KFC Italy stores dropped 33.5%, -48.1% deepening the y-o-
Slide 17: Pizza Hut & Taco Bell
Pizza Hut & Taco Bell All Store Performance 7.3% 7.3% 7.4% 6.7% 7.5% Pizza Hut Q1’20 Q2’20 Q3’20 Q4’20 2020 2019 Q1’19 Q2’19 Q3’19 Q4’19 • Pizza Hut’s results dipped 4.3pp QOQ as a result of restrictions on indoor dining across Romania. -15.8% • Sales for delivery increased 11pp QOQ, reaching 63% of
Slide 18: Q&A Session
Q&A Session WN severe
Slide 19: Annex: Key 2020 Financials
Annex: Key 2020 Financials 19
Slide 20: Summary of FY Preliminary Condensed Consolidated Financial Statements
Summary of FY Preliminary Condensed Consolidated Financial Statements 20 Results excl. IFRS16
Slide 21: Summary of FY Preliminary Condensed Consolidated Financial Statements (with and without IFRS 16 impact)
Summary of FY Preliminary Condensed Consolidated Financial Statements (with and without IFRS 16 impact) 21
Slide 22: Summary of Preliminary Condensed Consolidated Financial Statements for Q4
Summary of Preliminary Condensed Consolidated Financial Statements for Q4 22 Results excl. IFRS16
Slide 23: Breakdown of consolidated 2020 results by Group companies
Breakdown of consolidated 2020 results by Group companies 23 Results excl. IFRS16
Slide 24: Overview of the FY G&A expenses
Overview of the FY G&A expenses (with and without IFRS 16 impact) 24
Slide 25: Thank you for joining us!
Thank you for joining us! Sphera Franchise Group’s unaudited preliminary 2020 results are available for download our website: www.spheragroup.com. The recording of this conference call will be available on our website shortly. For any questions related to Sphera Franchise Group’s activity on the Buc
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