Sphera Franchise Group Sa · BVB:SFG
Sphera Franchise Group Sa — Q1 2021 Earnings Presentation
24 slides from Sphera Franchise Group Sa's earnings presentation, May 17, 2021
Slide 1: Sphera Franchise Group Investor & Analyst Call Q1 2021 Results
Sphera Franchise Group Investor & Analyst Call Q1 2021 Results 17.05.2021
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 Q1 2021 Results Call
Welcome to SFG’s Q1 2021 Results Call Calin Ionescu Valentin Budes Monica Eftimie Zuzanna Kurek CEO CFO CMO IR Sphera Franchise Group’s unaudited Q1 2021 results are available for download on our website: www.spheragroup.com. The recording of this conference call will be available on our website sho
Slide 4: Agenda for today's call
Agenda for today’s call 1 Q1 2021 Highlights 2 COVID-19 related updates from Q1 2021 3 Brand Performance 4 Q&A session 5 Annex: Key Q1 2021 Financials 4
Slide 5: Q1 2021 Highlights
Q1 2021 Highlights WN sevens
Slide 6: SFG Performance in Q1 2021
SFG Performance in Q1 2020 • QoQ & YoY turnover increase: Although all three markets of SFG’s activity continued to struggle with the growing number of COVID-19 cases and the resulting thereof restrictions, Data in RON’000 Q1-21 Q1-20 Y/Y % restaurant sales grew 1.5% QoQ and 6.6% YOY, reaching RON 2
Slide 7: SFG Q1 2021 Performance
SFG Q1 2021 Performance % .6 +6 % 208.3 % 211.4 .7 13.1 71 +1 +2 198.3 204.8 3.5 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Q1 2020 Q1 2021 Restaurant Sales Expenses (Restaurant + G&A) Normalized EBITDA in RON m in RON m, excl. IFRS16 in RON m, excl. IFRS16 7
Slide 8: SFG Q1 2021 Performance breakdown
SFG Q1 2021 Performance breakdown Contribution to Q1 2021 turnover Market evolution • Romania registered the best quarter since beginning of the pandemic, as it’s share in the total turnover grew. 4.5% • Italy was severely impacted by the lockdown 9.3% 1.3% measures introduced in March 2021, growing
Slide 9: COVID-19 related updates from Q1 2021
COVID-19 related updates from Q1 2021 9
Slide 10: COVID-19 Update
COVID-19 Update Vaccinations • RO & IT progressing with vaccination campaigns: In December 2020, the anti-COVID-19 vaccination campaigns started in Romania and Italy. Approx. 14.5% of the Romanian, 14% of the Italian and 1.2% of Moldavian adult population were so far completely vaccinated. Restricti
Slide 11: Restaurant development
Restaurant development Number of stores • 159 restaurants operated: SFG operated 159 restaurants as of 31.03.2021, out of which 138 were based in Romania, 19 in Italy and 2 in Republic of Moldova. 1 non-viable PHD location was closed, impaired as of 31.12.2020. • 3 new openings so far in 2021: In Q1
Slide 12: State aid, lease discounts
State aid, lease discounts State aid • Technical unemployment: Approximately 4% of employees in Romania and 17% of employees in Italy were in technical unemployment as of 31.03.2021. The total state aid received in Q1 2021 equalled RON 919K, out of which RON 840K were granted by the Romania governme
Slide 13: Sales & Marketing
Sales & Marketing Sales • Delivery maintains the same share as in Q4’20: 31% of all orders (RON 65.9 million) were delivered in Q1 2021 by aggregators or using Sphera’s own delivery capacity. The relatively high share of delivery in the total sales in Q1 2021 continued primarily due to cold weather
Slide 14: Brand performance
Brand performance WN sevens
Slide 15: KFC Romania
All Store Performance KFC Romania 15.9% 14.3% Q1’20 Q2’20 Q3’20 Q4’20 2020 2019 Q1’21 -9.9% -11.5% -17.1% -22.4% • Q1 2021 was a strong quarter of growth for KFC Romania as all store performance improved 14.3% y-o-y. 6 new locations opened in Romania between 31.03.2020 and 31.03.2021 contributed to
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 2.5% KFC Italy Q1’20 Q1’21 -11.7% • Like-for-like performance in Italy in Q1 2021 dipped 21.3% Y-o-Y as the country -22.3% -33.5% was severely impacted by new lockdown measures imposed in March 2021. -48.1% • 3 ne
Slide 17: Pizza Hut & Taco Bell
Pizza Hut & Taco Bell All Store Performance 7.3% Pizza Hut Q1’20 Q2’20 Q3’20 Q4’20 2020 Q1’21 2019 • Pizza Hut’s continued negative performance in Q1 2021 as sales dipped 32.6% Y-oY. -15.8% • Nonetheless, Pizza Hut managed to record the highest turnover since -32.6% Q2 2020, lower the loss by 20.5%
Slide 18: Q&A Session
Q&A Session WN sevens
Slide 19: Annex: Key Q1 2021 Financials
Annex: Key Q1 2021 Financials 19
Slide 20: Summary of Q1 2021 Consolidated FS
Summary of Q1 2021 Consolidated FS 20 Results excl. IFRS16
Slide 21: Summary of Q1 2021 Consolidated FS
Summary of Q1 2021 Consolidated FS (with and without IFRS 16 impact) 21
Slide 22: Breakdown of Q1 2021 results by entity
Breakdown of Q1 2021 results by entity 22 Results excl. IFRS16
Slide 23: Overview of the Q1 2021 G&A expenses
Overview of the Q1 2021 G&A expenses (with and without IFRS 16 impact) 23
Slide 24: Thank you for joining us!
Thank you for joining us! Sphera Franchise Group’s unaudited Q1 2021 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 Bucharest St
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