United Foodbrands Limited · NSE:UFBL
United Foodbrands — Barbeque-Nation Hospitality — Q2 FY2022 Earnings Presentation
17 slides from United Foodbrands's earnings presentation, Oct 29, 2021
Slide 1: Exchange filing cover letter for earnings presentation
Date: October 29, 2021 To The Manager, The Manager, Listing Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra, Kurla Complex, Mumbai – 400 001 Bandra East, Mumbai – 400051 Scrip Code: 543283 Scrip Symbol:
Slide 2: Earnings Presentation Q2 FY2022
RECOVERY. RESILIENCE. RESURGENCE. BARBEQUE NATION HOSPITALITY LTD. Earnings Presentation Q2 FY2022
Slide 3: Key Highlights
Key Highlights Revenue from Restaurant Own Digital Assets operations Reported EBITDA Delivery Revenue SSSG1,2 (%) Operating Margin Contribution3 (%) Q2 FY22 ₹ 2,209 mn ₹ 498 mn ₹ 511 mn 184% ₹ 386 mn 27.3% +190% y-o-y +568% y-o-y +219% y-o-y Q2FY21: (66.9)% NM EBITDA Margin: 22.6% Margin: 17.5% Reve
Slide 4: Leading food services company with strong dine-in & growing delivery vertical
Leading food services company with strong dine-in & growing delivery vertical Dine-in offering Delivery offering Toscano Destination brand for CELEBRATIONS Italian Cuisine- Dine-in & Delivery VALUE- Fixed price ‘all SERVICE- Strong guest PRODUCT INNOVATION A-LA-CARTE ASPIRATION EXPERIENCE you can ea
Slide 5: Restaurant network
Restaurant network Restaurant network growth resumed in FY22 Expansion of Restaurants1 Restaurant Composition2 169 Restaurants 6 1 164 164 164 6 Opened 169 153 6 10(3) BBQN Italian 133 Closed 1 BBQN India International Restaurants 104 66 80 45 8 FY15 FY16 FY17 FY18 FY19 FY20 FY21 YTD Oct-21 Extensio
Slide 6: Sales Recovery Trends
Sales Recovery Trends Consolidated Revenue from Operations (₹ million) Growth Vs PY 9.4x 1.9x 1,948 2,263 2,209 1,020 761 98 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Recovery (%) (as % of same period FY20) 5% 36% 84% 119% 48% 105% Strong recovery in dine-in business with easing of restricti
Slide 7: Dine-in: Stronger recovery post second wave
Dine-in: Stronger recovery post second wave Dine –in Sales (₹ million) Growth Vs PY 7.1x 1.8x 1,975 1,687 1,661 596 455 56 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Recovery (%) (as % of same period FY20) 3% 29% 75% 106% 22% 83% Gradual month on month recovery in dine-in sales with easing of
Slide 8: Scaling up the Delivery segment to drive incremental growth
Scaling up the Delivery segment to drive incremental growth Delivery Sales (₹ million) 261 12 Months FY20 ~3x 770 12 Months FY21 ~2.8x (annualised) 1,069 H1 FY22 557 511 261 283 285 160 41 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Recovery (%)(1) 87% 213% 321% 571% 1351% 319% Delivery s
Slide 9: Strong performance of restaurants operating for the entire quarter
Strong performance of restaurants operating for the entire quarter Full Ops.1 Partial Ops.1 Total Restaurant (#) 76 92 168(2) Revenue from operations 1,240 969 2,209 (₹ Mn) Avg. Quarterly 16.3 10.5 13.1 Revenue/Restaurant (₹ Mn) Restaurant Operating 21.1% 12.8% 17.5% Margin(%) ~98% of the restaura
Slide 10: Own digital platform
Own digital platform Channel wise Contribution Own Digital Assets Contribution1 (%) 27.3% 25.6% Own Digital 25.6% 21.2% Own Non-Digital (BBQ reservation 53.9% system & walk-in) FY21 Q1 FY22 Q2 FY22 3rd Party Digital 20.5% App reservation increased with increase in dine-in FY21 Increasing shift t
Slide 11: Quarterly Performance Trend
Quarterly Performance Trend Revenue from Operations (₹ Mn) Gross Profit (₹ Mn) and Margin (%) 66.6% 58.9% 65.6% 62.1% 65.6% 2,263 2,209 1,508 1,450 1,948 1,278 1,020 600 761 473 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Reported EBITDA (₹ Mn) and Margin (%) EBIT
Slide 12: Consolidated Financials
Consolidated Financials Particulars (INR Millions) Q2 FY22 Q2 FY21 YoY Gr% Q1 FY22 QoQ Gr% Revenue from operations 2,209 761 190% 1,020 117% Other Income 85 117 (27.1)% 74 15.2% Total Revenue 2,294 878 161% 1,094 110% Cost of food and beverages consumed 759 288 164% 420 80.9% Employee related expens
Slide 13: INDAS 116 Impact
INDAS 116 Impact Particulars (INR Millions) Q2 FY22 (IND AS) 116 Adjustment Q2 FY22 (wo IND AS) Revenue from operations 2209 2209 Other Income 85 (67) 18 Total Revenue 2294 (67) 2226 Cost of food and beverages consumed 759 759 Employee related expenses 462 462 Occupancy and other expenses 574 185 76
Slide 14: FY22 Outlook
FY22 Outlook Current Status 100% Vaccination(1) across all Ensure safety of guests and employees outlets Implement cost optimization measures to minimize Covid impact Ongoing ~98% dine-in revenue in Drive recovery in dine-in business as Covid restrictions are relaxed Sept 21 v/s Sept 19 ~1.4x of FY2
Slide 15: Transforming from CDR into a Food Services Company
Transforming from CDR into a Food Services Company A casual dining restaurant Food services company (CDR) chain Dine-in | Delivery Focused on dine-in and Enhance our dine-in business coupled with delivery enhancing customer experience business providing incremental avenue for growth BBQN digital ass
Slide 16: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Barbeque-Nation Hospitality Ltd (“Barbeque Nation” or the Company) future
Slide 17: Barbeque Nation Hospitality Ltd. Head Office
BARBEQUE NATION HOSPITALITY LTD. HEAD OFFICE No 62, Site No, Survey, 13, 6th Cross Rd, NS Palya, Stage 2, Bengaluru, Karnataka 560076 India. P: 08035095808 E: feedback@barbequenation.com W: www.barbequenation.com
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