Kura Sushi Usa, Inc. · NASDAQ:KRUS
Kura Sushi Usa — Investor Presentation (March 2023)
24 slides from Kura Sushi Usa's investor presentation, Mar 13, 2023
Slide 1: Kura Sushi management presentation
Kura Sushi management presentation Exhibit 99.1 Kura Revolving Sushi Bar
Slide 2: Disclaimer
Disclaimer This presentation has been prepared for informational purposes only. No money or other consideration is being solicited, and if sent in response, will not be accepted. This presentation shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shal
Slide 3: Section 1: Company Overview
Section 1: company Overview Section 1 Company Overview Section 2 Growth and Near-term Strategy Section 3 Financial Appendix A Definitions Appendix B Reconciliations Kura Revolving Sushi Bar 2
Slide 4: Company Overview: Kura experience video
COMPANY overview Kura experience video Kura Revolving Sushi Bar 3
Slide 5: System footprint and anticipated new markets
Fiscal Years 2023, 2024 Company overview System footprint and Anticipated New markets GA TX CA IL NJ NV DC WA MI AZ NY FL PA MA MD Legend Existing Market Currently Under Construction Identified Market CO MN NC VA MO OH OR Kura Revolving Sushi Bar 4
Slide 6: Financial snapshot: historical unit growth and financial performance
Non-GAAP: See Appendix B for Reconciliation COMPANY overview Financial snapshot Historical unit growth financial performance 49 - 51 8 11 14 17 23 25 32 40 49-51 2015A 2016A 2017A 2018A 2019A 2020A 2021A 2022A 2023E (U$$ in thousands) Average Unit Volume Comparable Restaurant Sales Performance Sales
Slide 7: Section 2: Growth and Near-term Strategy
Section 2: growth and Near-term strategy Section 1 Company Overview Section 2 Growth and Near-term Strategy Section 3 Financial Appendix A Definitions Appendix B Reconciliations KURA REVOLVING SUSHI BAR 6
Slide 8: New unit pipeline
GROWTH AND NEAR-TERM Strategy New unit pipeline Robust pipeline for fiscal years 23 and 24 Planned markets and leases under negotiation Under construction Executed leases San Jose, CA Buford, GA Dorchester, MA Framingham, MA Roseville, CA Waterford, FL Tampa, FL Atlanta, GA Naperville, IL San Diego,
Slide 9: Leadership team enhancements
GROWTH AND NEAR-TERM Strategy Leadership team enhancements Panda Express Chinese Kitchen Panera Bread Lunda Grill Mediterranean Kitchen Fast fire’D Blaze Pizza CKE Restaurants FarmerBoys Breakfast, Burgers & More KURA REVOLVING SUSHI BAR 8
Slide 10: Tableside payment
GROWTH AND NEAR-TERM Strategy Tableside payment Customer receives receipt Scans receipts, opens webpage has order has order summery Customers can pay with a mobile wallet, gift card, and apply coupons. Or with credit card… and save info for return purchases. KURA REVOLVING SUSHI BAR 9
Slide 11: Robot servers
GROWTH AND NEAR-TERM Strategy RoBOT Servers KURA REVOLVING SUSHI BAR 10
Slide 12: Recent licensing partnerships
GROWTH AND NEAR-TERM Strategy Recent Licensing partnerships KURA REVOLVING SUSHI BAR 11
Slide 13: Recent licensing partnerships
GROWTH AND NEAR-TERM Strategy RECENT Licensing partnerships KURA REVOLVING SUSHI BAR 12
Slide 14: Section 3: Financial Overview
Section 3: financial Section 1 Overview Section 2 Growth and Near-term Strategy Section 3 Financial Appendix A Definitions Appendix B Reconciliations KURA REVOLVING SUSHI BAR 13
Slide 15: Condensed statements of operations
Financial Condensed statements of operations (in thousands, except per share amounts; unaudited) Three Months Ended November 30, 2022 2021 Sales $39,318 $29,832 Restaurant operating costs: Food and beverage costs 12,430,8,957 Labor and related costs 12,535 9,710 Occupancy and related expenses 2,885
Slide 16: Selected Balance Sheet Data and Selected Operating Data
Financial Selected Balance Sheet Data and Selected Operating Data (in thousands, except restaurants and percentages; unaudited) November 30, 2022 August 31,2022 Selected Balance Sheet Data: Cash and cash equivalents $26,934 $35,782 Total assets $204,449 $201,356 Total liabilities $112,542 $108,062 T
Slide 17: Appendix A: Definitions
Appendix A: definitions Section 1 Company Overview Section 2 Growth and Near-term Strategy Section 3 Summary Appendix A Definitions Appendix B Reconciliations KURA REVOLVING SUSHI BAR 16
Slide 18: Appendix A: Definitions
Appendix a Average Unit Volumes (“AUVs”) consist of the average annual sales of all restaurants that have been open for 18 months or longer at the end of the fiscal year presented. AUVs are calculated by dividing (x) annual sales for the fiscal year presented for all such restaurants by (y) the tota
Slide 19: Appendix A: Non-GAAP measures
Appendix a To supplement the condensed financial statements presented in accordance with U.S. generally accepted accounting principles (“GAAP”), certain financial measures, such as adjusted net income (loss), EBITDA, adjusted EBITDA, adjusted EBITDA margin, restaurant-level operating profit (loss) a
Slide 20: Appendix B: Reconciliations
Appendix b: reconciliations Section 1 Company Overview Section 2 Growth and Near-term Strategy Section 3 Summary Appendix A Definitions Appendix B Reconciliations KURA REVOLVING SUSHI BAR 19
Slide 21: Reconciliation of Net Loss to EBITDA and Adjusted EBITDA
(in thousands; unaudited) Appendix B Reconciliation of Net Loss to EBITDA and Adjusted EBITDA (1) Stock-based compensation expense includes non-cash stock-based compensation, which is comprised of restaurant-level stock-based compensation included in other costs in the statements of operations and c
Slide 22: Reconciliation of Operating Loss to Restaurant-level Operating Profit
(in thousands; unaudited) Appendix B Reconciliation of Operating Loss to Restaurant-level Operating Profit (1) Stock-based compensation expense includes non-cash stock-based compensation, which is comprised of restaurant-level stock-based compensation included in other costs and corporate-level stoc
Slide 23: Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA
(in thousands; unaudited) Appendix B Reconciliation of Net INCOME (Loss) to EBITDA and Adjusted EBITDA Fiscal years ended august 31, 2022 2019 Net income (loss) interest (income) expense, net Taxes depreciation and amortization EBITDA Stock-based compensation expenses (a) non-cash lease expense(b) E
Slide 24: Reconciliation of Operating Income (Loss) to Restaurant-level Operating Profit
(in thousands; unaudited) Appendix B Reconciliation of Operating INCOME (Loss) to Restaurant-level Operating Profit Fiscal years ended august 31, 2022 2019 Operating (loss) income Depreciation and amortization Stock-based compensation expenses (a) pre-opening costs(b) non-cash lease expenses(c) gene