Slide 1: Second Quarter 2023 Earnings
SECOND QUARTER 2023 EARNINGS August 10, 2023
Slide 2: Disclosures
DISCLOSURES Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. The words “believe,” “may,” “could,” “will,” “should,” “anticipate,” “estimate,” “expect,” “outlook,” “guidance,” “working towards” or similar
Slide 3: TITLE
TITLE Krispy Kreme | Q2 2023 Earnings 3
Slide 4: Q2 2023 Earnings Highlights
Q2 2023 EARNINGS HIGHLIGHTS I am proud of the results we delivered in the second quarter as we leaned heavily into our omni-channel and DFD capabilities. We continued our global expansion, opening in three new markets during the quarter. All of this contributed to our fourth consecutive quarter of d
Slide 5: Sales per Hub Growth Driven by Capital-Light Delivered Fresh Daily Doors
SALES PER HUB GROWTH DRIVEN BY CAPITAL-LIGHT DELIVERED FRESH DAILY DOORS International Segment U.S. Fresh Doughnut Business DFD, 24% DFD, 31% In Shop & In Shop & Drive Thru, Drive Thru, 60% 66% Ecommerce, 10% Ecommerce, 9% $9.4 $9.7 $4.7 $7.5 $4.3 $3.6 TTM Sales per TTM Sales per Hub ($M)1 Hub ($M)
Slide 6: Creating a High Growth & More Profitable Business
CREATING A HIGH GROWTH & MORE PROFITABLE BUSINESS A global omni-channel fresh doughnut business strategy… Expand Increased purchase Drive hub and Improve capital availability frequency spoke productivity efficiency Global Points of Access Executed our largest Sales per Hub growth in both Ongoing net
Slide 7: Meeting Consumers Where They Are: Growing Through New, Global Channel Partners
MEETING CONSUMERS WHERE THEY ARE: GROWING THROUGH NEW, GLOBAL CHANNEL PARTNERS Kroger (US) Costco (CAN/UK/AUS) Amazon Fresh (US) Krispy Kreme | Q2 2023 Earnings 7
Slide 8: 2Q 2023 Buzzworthy Special Offerings Drove Fourth Quarter of Double-Digit Organic Growth
2Q 2023 BUZZWORTHY SPECIAL OFFERINGS DROVE FOURTH QUARTER OF DOUBLE-DIGIT ORGANIC GROWTH US – Fan Favs AUS – Game Day AUS – Flavors of the World Mexico – Mother’s Day US – Cookie Blast UK – King Charles III Mexico – Bob Esponja Multiple Countries – Ramadan Krispy Kreme | Q2 2023 Earnings 8
Slide 9: 2023 Outlook Re-affirmed
2023 OUTLOOK RE-AFFIRMED Financial Outlook1 $1,650 million to $1,680 million $205 million to $215 million Net Revenue (growth of 8% to 10%, Adjusted EBITDA (growth of 8% to 13%, or or 9% to 11% in constant currency) 10% to 14% in constant currency) Organic Revenue (growth of 9% to 11%) $52 million -
Slide 10: Globally Loved Brand with Significant Growth Opportunities
GLOBALLY LOVED BRAND WITH SIGNIFICANT GROWTH OPPORTUNITIES #1 Most Loved Sweet Treat Brand in the US, UK, Australia, Thailand & Turkey1 35 Countries served 99% Global brand awareness2 System-wide sales ~50% generated Internationally Singapore Canada >1.6B Doughnuts sold in 20223 >35B Media impressio