Jubilant Foodworks Limited · NSE:JUBLFOOD
Jubilant Foodworks — Q4 FY2020 Earnings Presentation
22 slides from Jubilant Foodworks's earnings presentation, May 20, 2020
Slide 1: Exchange cover letter: Press Release alongwith Earnings Presentation
JFL/NSE-BSE/2020-21/13 May 20, 2020 BSE Ltd. National Stock Exchange of India Limited P.J. Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra(E) Mumbai – 400001 Mumbai – 400051 Scrip Code: 533155 Symbol: JUBLFOOD Sub: Press Release alongwith Earnings Presentation Dear Sir/ Madam, Please
Slide 2: Press Release - Financial Results for Q4FY20 and FY2020
Jubilant FoodWorks Limited Press Release - Financial Results for Q4FY20 and FY2020 Noida, May 20, 2020 – The Board of Directors of Jubilant FoodWorks Limited today approved the financial results for the quarter and full year ended March 31, 2020. Performance Snapshot – Q4FY20 Performance Snapshot –
Slide 3: JFL response to COVID-19
JFL response to COVID-19 • Strengthened hygiene and sanitation protocols in the stores and commissaries • All employees to wear masks and gloves • Launch of ‘Zero Contact Delivery’ as an additional precautionary measure to ensure the safety of both customers and the delivery staff. • All orders to b
Slide 4: Dunkin' Donuts Network Data
Dunkin’ Donuts Network data Particulars Q4FY20 Q4FY19 FY20 FY19 Restaurant at the beginning of the period 32 32 31 37 New Restaurants 2 0 4 1 Closed restaurants 0 1 1 7 Restaurants at the end of the period 34 31 34 31 Number of New Cities added Nil Nil Nil Nil 34 restaurants as of 31st March, 2020 a
Slide 5: About Jubilant FoodWorks Ltd
About Jubilant FoodWorks Ltd: Jubilant FoodWorks Limited (JFL/Company) is part of Jubilant Bhartia group and is one of India’s largest food service Company, with a network of 1,335 Domino’s Pizza restaurants across 282 cities (as of March 31, 2020). The Company has the exclusive rights to develop an
Slide 6: Q4FY20 and FY20
Q4FY20 and FY20 EARNINGS PRESENTATION 20th May 2020 Jubilant FoodWorks Limited
Slide 7: Highlights Q4FY20
• Operational Revenues stood at Rs. 8,979 mn, growth of 3.8% • Strong revenue performance until Feb ’20 with LFL growths in Jan ’20 8.4% (SSG 7.2%) & in Feb ’20 14.9% (SSG 13.1%) • Q4FY20 Domino’s Pizza “Like-for-like” (LFL) Sales Growth at -2.3% • Q4FY20 Domino’s Pizza “Same Store” Sales Growth (SS
Slide 8: Impact of COVID-19 on Q4FY20 Revenue
Impact of COVID-19 on Q4FY20 Revenue Particulars Q1FY20 Q2FY20 Q3FY20 Jan ’20 Feb ’20 Mar ’20 Q4FY20 LFL (DPI)* 5.8% 6.5% 7.2% 8.4% 14.9% (28.0)% (2.3)% RESULTS TREND STANDALONE SSG (DPI)** 4.1% 4.9% 5.9% 7.2% 13.1% (28.4)% (3.4)% Sale Gr% (Y-o-Y) 9.9% 12.1% 14.1% 15.9% 22.5% (23.7)% 3.8% * “Like-fo
Slide 9: Quarter-wise Result Trends
Quarter-wise Result Trends Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 FY20 FY20 FY20 FY20 (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (W/O IND- (With IND- (With IND- (With IND- (With IND- AS 116) AS 116) AS 116) AS 116) AS 116) AS 116) AS 11
Slide 10: Domino's Pizza Network Data
Domino’s Pizza Network Data Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 Restaurant at the 1,134 1,144 1,167 1,200 1,227 1,249 1,283 1,325 beginning of the period New Restaurants 13 24 35 30 26 40 44 13 HIGHLIGHTS Closed restaurants 3 1 2 3 4 6 2 3 DOMINO’S Restaurants at the end
Slide 11: Dunkin' Donuts Network Data
Dunkin’ Donuts Network Data Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 Restaurant at the 37 37 32 32 31 30 30 32 beginning of the period HIGHLIGHTS New Restaurants 1 0 0 0 0 0 2 2 DUNKIN’ Closed restaurants 1 5 0 1 1 0 0 0 Restaurants at the end DONUTS of the period 37 32 32 31
Slide 12: Online Ordering (OLO)
Online Ordering (OLO) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Period FY19 FY19 FY19 FY19 FY20 FY20 FY20 FY20 Average OLO contribution to 65% 68% 73% 75% 81% 85% 87% 89% delivery sales Mobile Ordering sales 2 new city added in Q1 FY19 83% 85% 88% 88% 89% 93% 95% 96% contribution to overall OLO Downloads of mobile or
Slide 13: Launch of Zero Contact Delivery
Launch of Zero Contact Delivery • Launch of ‘Zero Contact Delivery’ as an additional precautionary measure to ensure the safety of both 2 new city added in Q1 FY19 customers and the delivery staff. • All orders to be pre-paid, Cash On Delivery temporarily discontinued 8
Slide 14: Partnered with FMCG Majors to launch 'Domino's Essentials'
Partnered with FMCG Majors to launch ‘Domino’s Essentials’ 2 new city added in Q1 FY19 9
Slide 15: Serving the Nation at the time of crisis
Serving the Nation at the time of crisis Hunger Relief Distribution of PPE Kits Contributed a sum of INR 50 million to PM CARES Fund in April ‘20 to fight the pandemic* *Q4FY20 results does not includes contribution of 50 mn to PM CARES Fund
Slide 16: Management Views
MANAGEMENT VIEWS Commenting on the performance for Q4FY20, Mr. Shyam S. Commenting on the performance for Q4FY20, Mr. Pratik Pota, CEO Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, and Whole time Director, Jubilant FoodWorks Limited said, Jubilant FoodWorks Limited said, “Our strong run in
Slide 17: Quarterly Standalone Financials
Quarterly Standalone Financials Q4 FY20 # Q4 FY20 Q4 FY19 Growth% Growth% Particulars (Rs. mn) (With IND-AS 116) (W/O IND-AS 116) (W/O IND-AS 116) (Respective AS) (W/O IND-AS 116) Revenue from operations (Net) 8,979 8,979 8,652 3.8% 3.8% Other Income 204 199 151 34.8% 31.3% Total Income 9,183 9,177
Slide 18: Yearly Standalone Financials
Yearly Standalone Financials FY20 # FY20 FY19 Growth% Growth% Particulars (Rs. mn) (With IND-AS 116) (W/O IND-AS 116) (W/O IND-AS 116) (Respective AS) (W/O IND-AS 116) Revenue from operations (Net) 38,858 38,858 35,307 10.1% 10.1% Other Income 688 672 469 46.7% 43.2% Total Income 39,546 39,530 35,77
Slide 19: Overview on new lease accounting standard IND AS 116
Overview on new lease accounting standard IND AS 116 New lease standard is effective 1st April 2019. Unlike old standard there is no distinction between finance lease & operating lease. All leases in BS to be recognized as assets & liabilities. Calculation of assets & liabilities: Lease li
Slide 20: What is Changing
What is Changing A comparison of balance sheet and income statement – The “Before” and “After” in the books of a Lessee 2 new city added in Q1 FY19 15
Slide 21: Key Focus Areas
KEY FOCUS AREAS FORTRESS ELEVATE SUSTAINED BUILD WIN IN DOMINO’S CUSTOMER TECHNOLOGY PORTFOLIO OF INTERNATIONAL IN INDIA EXPERIENCE INVESTMENT BRANDS EFFICIENCY AND PRODUCTIVITY 16
Slide 22: About Jubilant FoodWorks
Jubilant FoodWorks Limited (JFL/Company) is part of Jubilant Bhartia group and is one of India’s largest food service Company, with a network of 1,335 Domino’s Pizza restaurants across 282 cities (as of March 31, 2020). The Company has the exclusive rights to develop and operate Domino’s Pizza brand