United Foodbrands Limited · NSE:UFBL
United Foodbrands — Barbeque Nation Hospitality — Q1 FY23 Earnings Presentation
14 slides from United Foodbrands's earnings presentation, August 2022
Slide 1: Recovery. Resilience. Resurgence. Q1 FY23 Earnings Presentation
RECOVERY. RESILIENCE. RESURGENCE. BARBEQUE NATION HOSPITALITY LTD. Earnings Presentation Q1 FY23
Slide 2: Key Performance Highlights
Key Performance Highlights Revenue from New Restaurant Own Digital Assets Operations Reported EBITDA SSSG (%) Delivery Revenue Additions Contribution1 (%) Q1 FY23 ₹ 3,149 mn ₹ 734 mn 182% ₹ 420 mn 11 24.6% +209% y-o-y NM y-o-y Q1FY22: 960% (24.7)% y-o-y Q1FY22: 2 Q1FY22: 21.2% EBITDA Margin: 23.3% R
Slide 3: Diversified food services company with strong scalable brands
Diversified food services company with strong scalable brands 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 eat’ offering a fo
Slide 4: Ranked 7th amongst India's Best Companies to Work For 2022
Ranked 7th amongst ‘India’s Best Companies to Work For’ 2022 Ranked amongst Top 10 for three consecutive years in a row; Only company in retail sector to be ranked amongst Top 10 7 TH 4
Slide 5: Growing restaurant network
Growing restaurant network Continued momentum with addition of 11 new restaurants in Q1 Expansion of Restaurant Network Restaurant Composition Launched 11 & 195 Closed 1 Restaurants restaurant 11 1 176 6 BBQN 13 BBQN India International Toscano 185 185 195 164 164 133 Distribution FY22 Q1 FY23 104 1
Slide 6: Y-o-Y Revenue growth of 3.1x and sequential growth of 25.4%
Y-o-Y Revenue growth of 3.1x and sequential growth of 25.4% Consolidated Revenue from Operations (₹ million) Y-o-Y Quarterly Trend Sequential Quarterly Trend 25.4% 3,149 3,149 3.1x 2,867 2,125 2,209 2,510 1,791 1,020 1,020 98 Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1
Slide 7: Sequential Q-o-Q growth of 32% in dine-in and -6% on delivery
Sequential Q-o-Q growth of 32% in dine-in and -6% on delivery Dine – in Sales (₹ million) Delivery Sales (₹ million) 2,719 2,074 6x 1,781 (25)% 455 557 420 56 0 48 41 Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Q1 FY19 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Share of business (%) 99.5% 97.6% 57.0% 44.6% 86.4% 0
Slide 8: Own digital platform
Own digital platform Cumulative App Downloads (In Mn) Own Digital Assets Contribution1 (%) 4.7 27.3% 4.2 25.2% 24.1% 24.6% 3.6 21.2% 3.3 2.9 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Increase in share of own channels (digital & non-digital) in the dine-in busi
Slide 9: Matured outlets delivering strong revenue and margin performance
Matured outlets delivering strong revenue and margin performance Q1 FY23 Metrics Matured1 New Restaurants1 Total Restaurant (#) 158 38 196 Revenue from operations (₹ Mn) 2,761 387 3,149 Avg. Quarterly Revenue/Outlet (₹ Mn) 17.5 10.2 16.6(2) Restaurant Op. Margin(%)-without IND-AS(3) 21.5% 6.2% 19.6%
Slide 10: Robust 3 yrs CAGR despite COVID impact
Robust 3 yrs CAGR despite COVID impact Revenue from Operations (₹ Mn) Gross Profit (₹ Mn) and Margin (%) 66.8% 64.8% 58.9% 2,103 3,149 30.1% 2,125 1,377 1,020 600 98 30 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 Q1 FY20 Q1 FY21 Q1 FY22 Q1 FY23 CAGR: 14.0% CAGR: 15.1% Reported EBITDA (₹ Mn) and Margin (%) Adjus
Slide 11: Consolidated P&L
Consolidated P&L ₹ Millions Q1 FY23 Q1 FY22 Y-o-Y Gr% Q4 FY22 Q-o-Q Gr% Revenue from operations 3,149 1,020 209% 2,510 25.4% Other Income 30 74 (59.4)% 59 (49.2)% Total Revenue 3,178 1,094 191% 2,569 23.7% Cost of food and beverages consumed 1,046 420 149% 888 17.8% Employee related expenses 640 337
Slide 12: Key Investment themes
Key Investment themes Investment Themes FY22 Q1 FY23 Revenue growth: 69.7% Revenue growth:209% Resilient food services brand: BBQN, UBQ and Toscano EBITDA growth: 73.1% EBITDA : 734 vs. (104) Strong growth in revenues, EBITDA and margins EBITDA Margin: 18.6% EBITDA Margin: 23.3% Y-o-Y growth : 157%
Slide 13: 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 14: Barbeque Nation Hospitality Ltd. Head Office
BARBEQUE NATION HOSPITALITY LTD. HEAD OFFICE Saket Callipolis, Unit No 601 & 602,6th Floor, Doddakannalli Village, Varthur Hobli,Sarjapur Road, Bengaluru, Karnataka 560035 India. E: feedback@barbequenation.com W: www.barbequenation.com
Barbeque Nation Hospitality — Q1 FY23 Earnings Presentation on 6ix