Speciality Restaurants Ltd. · NSE:SPECIALITY
Speciality Restaurants — Investor Presentation (March 2014)
66 slides from Speciality Restaurants's investor presentation, March 2014
Slide 1: Speciality Restaurants Ltd. March 2014
& SFEGIALIT RESTAURANTS LID. March 2014
Slide 2: Disclaimer
Disclaimer Statements made in this Presentation describing the Company’s objectives, projections, estimate, expectations may be “Forward-looking statements” within the meaning of applicable securities laws & regulations. Actual results could differ from those expressed or implied. Important factors
Slide 3: FY 2013-14 Thus far
FY 2013-14 Thus far Macro Themes Industry Themes Inflation impacting Discretionary Decline of over 20% in the fine Spending dining market in major cities in GDP Growth Slipping India - ASSOCHAM High Interest Rate Regime Long Term Potential remains intact How we fared ? Steady Footfalls
Slide 4: Our Competitive Strengths
Our Competitive Strengths Loyal Brand Customer Base Leadership Strong Management Team Operational Leverage Established Presence at higher end of Value Chain 4
Slide 5: Our Brand Playbook – Core Brands
Our Brand Playbook – Core Brands • Menu features authentic Chinese cuisine embracing the principle of “harmony in contrast,” which stems from the Chinese concept of yin and yang • Erstwhile Only Fish, was rebranded as Oh! Calcutta • Menu features dishes from Kolkata, created through research in libr
Slide 6: Our Brand Playbook – Other Brands
Our Brand Playbook – Other Brands • A new concept of providing fine dining experience through Outdoor Catering Service • Customizes Gourmet cuisine from leading brands in the country under one roof at the customers preferred location • Sweet Confectionary • Serves Modern Chinese cuisine ideal for gu
Slide 7: Widespread Presence
Widespread Presence Brand Total ** Cities 25 cities in India and one in Mainland China 52 Dhaka, Bangladesh Mumbai, Kolkata, Delhi, Pune, Chandigarh Oh! Calcutta 9 Bengaluru, Hyderabad and one in Dhaka, Bangladesh New Delhi Guwahati Gurgaon Pune, Chennai, Kolkata , Noida Sigree/ Sigree – Global Jaip
Slide 8: Brand wise contribution to revenues for 9M FY14
Brand wise contribution to revenues for 9M FY14 5% 4% Mainland 3% China 2% Oh Calcutta 4% Sigree/Global Grill 14% Flame & Grill Machaan Haka 10% 58% Sweet Bengal 8
Slide 9: Strategic Direction - FY 13-14
Strategic Direction - FY 13-14 1. LEVERAGE OUR • Focus on Flagship Brands STRENGTHS • Innovate our Offerings without diluting or compromising on Quality 2. BRAND • Mezzuna ADDITIONS • Sigree - Global Grill 3. FOCUS ON • Presence across Value Chain SWEATING OF • Mobi-Feast ASSETS • Hoppipola 4. ENHAN
Slide 10: 1. Leverage Our Strengths
1.LEVERAGE OUR STRENGTHS MAINLAND CHINA AND OH! CALCUTTA 10
Slide 11: Mainland China
MAINLAND
Slide 12: Mainland China, the flagship brand
It’s how India travels to far flung corners of China. Mainland China, the flagship brand of Speciality Group is the largest chain of fine dining Chinese restaurants in the country with 52 outlets in 25 cities in India and 1 in Dhaka, Bangladesh. The authentic cuisine is deeply bound to the principle
Slide 13: Leverage the equity of Mainland China
Leverage the equity of Mainland China • Leverage the brand equity enjoyed by Mainland China brand by expanding in new locations in Metro and Tier 1 cities • Selectively undertake expansion plans in line with Macroeconomic Developments Expansion Plans • Plan to expand new restaurant formats such as C
Slide 14: Focus on COCO Model for Expansion
Focus on COCO Model for Expansion • Cost Curve – 120 days to launch and 6 - 9 months thereafter to breakeven • Focus on COCO model for expansion combined with FOCO model opportunistically Innovative Offerings • Smaller Portion in addition to existing Regular Portion Menu based on Research conducted,
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Slide 20: Oh! Calcutta
Oh! Calcutta is an ode to a passionate city, with rare dishes from a 300 years old melting pot of cultures. Our famed flavours, painstakingly restored from the lost culinary delights of old colonial clubs, family legacies of undivided Bengal and descendants of Nawab’s chefs bring alive a legendary c
Slide 21: Recreating the magic of the flavours of a great city
• Recreating the magic of the flavours of a great city where nostalgia and taste melts together on the palate • The brand caters to ever growing demand of the discerning Indian Guest to venture out beyond the Tandoori Chicken and Makhani Daal 21
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Slide 26: 2. Brand Additions: Mezzuna and Sigree - Global Grill
2. BRAND ADDITIONS MEZZUNA AND SIGREE - GLOBAL GRILL 26
Slide 27: Cafe Mezzuna
CAFE MEZZUNA ALL DAY BAR AND KITCHEN
Slide 28: Café Mezzuna
Café Mezzuna, the newest venture by Speciality Restaurants reveals an untasted world of sun-kissed Mediterranean, Italian, Spanish and French flavours. With olive drizzled pastas, hand made fettuccini, thin crust pizzas, crepes and lots of other hearty and fresh deliciousness. In a laidback all-day
Slide 29: All day bar and restaurant launched April 2013
• All day bar and restaurant, serving International cuisine, was launched in April 2013 • The trend of this young TG (19 – 26 years) with high disposable income is “chilling – spending time in an informal vibrant setting” - drinking out with friends and having finger food • Consultants/ Chefs from E
Slide 30: All day casual dining
• All day casual dining - Higher Cover turnover as timing is longer (open between 9 am to 12 midnight) • Cuisines encompassing Mediterranean, Moroccan, East Asian, Continental, Spanish, Mexican and Italian flavours with a fantastic range of liquor which is of prime importance. • Within a year of ope
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Slide 35: Sigree
sigree
Slide 36: Global Grill
Global Grill is a delicious storm of flavours from all corners of the earth. Unlimited starters like Malaysian satays, Mexican grills, Japanese yakitori, American barbecues are served at the Live Grills. They set a lively pace of flavours with a limitless course of seasoned seafood, tender meat and
Slide 37: A new concept of dining
• A new concept of dining and latest addition to the group portfolio serving a melange of fresh, grilled flavours from all around the globe like Mediterranean, Oriental, Spanish, Mexican and Indian cuisine • Live grills on each table - Unlimited starters that sizzle and grill on each table • Display
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Slide 42: 3. Focus on Sweating of Assets
3. FOCUS ON SWEATING OF ASSETS HOPPIPOLA, MOBIFEAST AND QSRS 42
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Slide 44: Hoppipola
• All day Bar offering Contemporary food including regular nibbles and finger food • No rental costs as it operates from vacant terraces at existing Company’s locations • Marketing through the Social Media route targeting age group of 18-24 • Initiative is focused on margin expansion 44
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Slide 47: Speciality Outdoors
Speciality Outdoors
Slide 48: Mobifeast
When the who’s who of corporate, bureaucrat, fashion and industry throw a party, who do you think they give a call. Mobifeast. A venture by Speciality Restaurants, the largest restaurant chain in India, 8 of the country’s finest dining brands, and 97 restaurants allow us to bring culinary treats lik
Slide 49: Build presence across the value chain
• Build presence across the value chain • Cater unique food offering from the kitchens of the leading brands in the country under one roof • Operates through the Central Food Processing Unit at Sankrail near Howrah • The business model involves no major fixed costs while deploys idle resources resul
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Slide 51: QSR Initiatives
QSR Initiatives • Offers gourmet cuisine delivered at the door step • Utilize existing resources and expertise of providing high quality food • Tie up for Logistics Management and Delivery 51
Slide 52: 4. Operational Efficiencies
4. OPERATIONAL EFFICIENCIES 52
Slide 53: Operational Efficiencies
Operational Efficiencies • Trimming work force and training employees to be multifaceted to enhance productivity • Synergies on the floor to save time • Re-negotiation of Rentals to ensure profitability given the strong brand equity enjoyed by the Company 53
Slide 54: 5. Enlarge Our Presence
5. ENLARGE OUR PRESENCE SPECIALITY RESTAURANTS LTD
Slide 55: Enlarge our presence
Enlarge our presence • International Forays • Joint Venture in Doha, Qatar • Selective expansion in Different locations in India 55
Slide 56: Industry potential
Industry potential Market segments and growth projection – Organised Segment 2010 2015* Organized 16.0% Organized Unorganized 45.0% Unorganized 55.0% 84.0% Total Industry: Rs 4,30,000 mn (Rs 430 CAGR: 8% Total Industry: Rs 6,25,000 mn (Rs 625 bn.) bn.) Organized Segment: Rs 69,000 mn CAGR: 30- Organ
Slide 57: Industry potential
Industry potential Changing Demographic Profile Over 65% of India’s population is below 35 years of age, and the age group between 21 and 40 years constitutes the majority among those who eat out regularly Increasing population of the middle-class and increasing proportion of the population livi
Slide 58: Financial Overview
Financial Overview ` In Million For the Quarter ended For the Nine Months ended Financial Year on on Sr. No Particulars 31.12.2013 31.12.2013 31.12.2012 2013 2012 31.12.2012 1 Income from operations (a) Net Sales 671.8 585.4 1,825.6 1,603.9 2,148.3 1,878.1 (b) Other operating income 50.2 26.1 137.9
Slide 59: Select Financials
Select Financials Income From Operations and Outlets EBITDA and EBITDA Margins 2500 120 500 22.0% 20.2% 25.0% 96 20.5% 20.5% 2000 83 100 400 17.0% 20.0% 74 15.1% 402 459 `. In Million `. In Million 80 382 1500 63 300 15.0% 52 60 40 2269 200 264 10.0% 1000 1962 1732 40 197 1158 1288 500 20 100 126 5.
Slide 60: Balance Sheet Highlights H1 FY 2014
Balance Sheet Highlights H1 FY 2014 • Cash and Cash Equivalents ` 61.9 • Total Fixed Assets ` 1,288.1 • Total Current Assets ` 1,619.9 • Current Investments ` 1,227.5 • Total Debt ` 8.1 ` In Million ; Figures as on September 30, 2013 60
Slide 61: Financial Highlights For Q3 FY 2014
Financial Highlights For Q3 FY 2014 Sales • Good Traction due to Maturity of new stores opened • Price hike implemented in end November 2013 Expenses • Topline increase helped absorb rising costs • Inflationary Pressures persist EBITDA • Stabilization of Margins in a tough environment Profit after T
Slide 62: Annexures
ANNEXURES SPECIALITY RESTAURANTS LTD
Slide 63: Company's Journey
Company’s Journey Restaurants and confectionaries network expanded to 96 (25 cities in India and one city in Bangladesh) 2012 2013 Opened Opened first franchise Sigree restaurant in Guwahati Global Opened a Flame & Grill 2010 Grill 2008 Opened Restaurant in Kolkata Opened its 50th Mezzun
Slide 64: Directors' Profile
Directors’ Profile Mr. Anjan Chatterjee Promoter Director • Overall in charge of the Company • Over 30 years of experience in the advertising and hospitality industry Mrs. Suchhanda Chatterjee Promoter Director • Over 11 years of experience in hospitality industry Mr. Indranil Ananda Chatterjee Whol
Slide 65: Directors' Profile
Directors’ Profile Mr. Tara Sankar Bhattacharya Non- Exec. Independent Dir. • Former managing director of SBI • Has over 41 years of experience in banking and finance Mr. Jyotin Mehta Non- Exec. Independent Dir. • Over 28 years of experience in finance, secretarial, legal, quality management and gen
Slide 66: Thank You
Thank You & SPECIALITY
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