Red Robin Gourmet Burgers, Inc. · NASDAQ:RRGB
Red Robin Gourmet Burgers — Q1 2012 Earnings Presentation
16 slides from Red Robin Gourmet Burgers's earnings presentation, May 16, 2012
Slide 1: Fiscal Q112 Results
FISCAL Q112 RESULTS May 16, 2012 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 Forward-looking statements in this presentation regarding our expected earnings per share and restaurant sales, new restaurant growth, future economic performance, certain statements including, but not limited to, those under the headings “2012 Outlook – Financials,” and
Slide 3: Q112 Headlines
Q112 Headlines Restaurant revenues increased 4.7% Company-owned comp restaurant net sales up 0.5% Diluted EPS of $0.71 vs. adjusted EPS of $0.58, GAAP EPS of $0.56 in Q1 2011 Opened 4 new company-owned restaurants, including second Red Robin’s Burger Works™ Restaurant level operating profit up 140 b
Slide 4: Comparable Net Sales
Comparable Net Sales 4 2.1% 3.1% 1.1% 3.1% 0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% Q111 Q211 Q311 Q411 Q112
Slide 5: Revenue – Driving Guest Sales
Revenue – Driving Guest Sales Menu strategy, sell both entrees and incremental non-entrees Great LTOs, launch of Tavern Double platform Enhance guest relationships through Red Royalty™ Increase beverage PPA Strategically leverage social media 5
Slide 6: Expense Management
Expense Management Continuous improvement culture supporting cost efficiencies Initiatives big & small growing RLOP margins portion control for side dressings reduces waste, saves nearly $500K/year supplier change for hot sauce saves $50K/year 6
Slide 7: Growing RLOP Margins
Growing RLOP Margins 7 19.8% 20.8% 18.8% 19.9% 21.2% 17.0% 17.5% 18.3% 18.2% 10.0% 14.4% 18.9% 23.3% Q1 Q2 Q3 Q4 2010 2011 2012
Slide 8: Deployment of Capital
Deployment of Capital Opened 4 new restaurants in Q1 13 NROs in 2012, including 4 additional Red Robin’s Burger Works™ Overhaul data and technology infrastructure Advancing our brand through optimization/refresh 8
Slide 9: Adjusted Net Income
Adjusted Net Income 9 $ in 000s * Fiscal year 2010 adjusted net income assumes a tax benefit of 3.2% +$1.6 million $7,494 $3,683 $4,115 $2,048 $1,305 $5,198 $2,542 $9,021 $10,558 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 Q1 Q2 Q3 Q4 2010* 2011 2012
Slide 10: Q112 Performance Highlights
Q112 Performance Highlights 10
Slide 11: Q112 Restaurant-Level P&L
Q112 Restaurant-Level P&L 11
Slide 12: Cash Flow from Operations
Cash Flow from Operations 12 $ in Millions $24.3 $18.9 $22.6 $19.1 $16.7 $11.0 $23.9 $29.9 $29.6 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 Q1 Q2 Q3 Q4 2010 2011 2012
Slide 13: Adjusted Earnings Per Diluted Share
Adjusted Earnings Per Diluted Share 13 $0.48 $0.24 $0.28 0.71 $0.13 $0.08 $0.34 $0.16 $0.58 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 Q1 Q2 Q3 Q4 2010 2011 2012
Slide 14: 2012 Outlook – Financials
2012 Outlook – Financials Up to 1% comparable restaurant net sales growth versus prior year Open 13 new company-owned restaurants Cost of sales below 26.0% of restaurant sales RLOP margin nearly 20.0% of sales Selling, general and administrative costs to range from $105 million to $107 million Tax r
Slide 15: Advancing Our Brand
Advancing Our Brand Making major investments in new business systems New menu rolled out in early Q2, continuing to grow Red Royalty™ Expanding Red Robin’s Burger Works™ with 5 total units by end of 2012 Delivering a superior Guest experience
Slide 16: Foundation for Growth
Foundation for Growth 2012: building foundation for long-term growth Established culture of continuous improvement Executing brand strategies to create a more relevant, adult experience 16
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