Good Times Restaurants Inc. · NASDAQ:GTIM
Good Times Restaurants — Investor Presentation (May 2016)
20 slides from Good Times Restaurants's investor presentation, May 24, 2016
Slide 1: Good Times Restaurants Inc. Investor Presentation May 2016
Good Times Restaurants Inc.(Nasdaq Capital Market: GTIM)Investor PresentationMay 2016
Slide 2: Disclaimer: Forward-Looking Information
Disclaimer Forward-Looking InformationThis presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “inte
Slide 3: Company Highlights
Company Highlights 2015 acquisition of high-growth platform companyTwo differentiated and complementary concepts Successful refresh and updating of Good Times yielding improved financial resultsStrong momentum Excellent cash-on-cash return modelsSubstantial growth potentialExperienced senior leaders
Slide 4: Two Complementary & Differentiated Concepts
Two Complementary & Differentiated Concepts * Good Times Restaurants Inc. Only QSR with steroid-free, hormone-free, vegetarian fed, humanely raised beef, chicken and bacon“Fresh, Handcrafted, All-Natural” positionOperates and franchises 37 restaurants located primarily in the front-range communities
Slide 5: Bad Daddy's Model
Bad Daddy’s Model * Source: SEC Filings, Company Information Good Times Restaurants Inc. Average Sales per Square Foot Targeted Cash on Cash Returns Casual Dining Avg.
Slide 6: "You brought Cool to the suburbs"
Good Times Restaurants Inc. * “You brought Cool to the suburbs”
Slide 7: * Good Times Restaurants Inc.
* Good Times Restaurants Inc.
Slide 8: Bad Daddy's Burger Bar
Bad Daddy’s Burger Bar Full Service, Full Bar Gourmet Burger Concept founded in Charlotte, NC in 2008Eighteen (18) restaurants currently open in NC (8), SC (1), TN (1) and CO (8) in seven (7) separate metropolitan marketsTTM sales for the ten (10) company-owned stores open all year = $2.59M * Good T
Slide 9: Bad Daddy's Burger Bar – Concept Overview
Bad Daddy’s Burger Bar – Concept Overview Upscale restaurant concept featuring a chef driven menu of gourmet signature burgers, chopped salads, appetizers and sandwiches Simple, high quality ingredients executed at a high levelHousemade sauces and dressings“Create Your Own” burgers and saladsBi-week
Slide 10: Bad Daddy's Strong Momentum
Bad Daddy’s Strong Momentum Comparable store sales at all units open more than 18 months have averaged +6.2% over the past four quartersAverage volumes of the new units opened in fiscal 2016 are above our $2.5M target 10 - 12 additional restaurants planned through the end of fiscal 2017 including th
Slide 11: Bad Daddy's Projected New Unit Economics
Bad Daddy’s Projected New Unit Economics Assumptions:3,600 sq. ft. 125 seat designEstimated cash investment = $900K to $1M net of landlord contribution Cash preopening costs = $265K-$280K expensed in Year 1 Year 2 Estimate Sales $2,500,000 Restaurant Operating Profit: 15% (CO min wage) to 18% (Fed m
Slide 12: Taking a Better Food Stand
Good Times Restaurants Inc. * Taking a Better Food Stand
Slide 13: Good Times - Concept Overview
Good Times - Concept Overview QSR Burger chain founded in Boulder, CO in 198727 Company-owned stores, 10 Franchise stores$1.1m AUV; $1.2m -$1.4m new store model; Fiscal 2015 system-wide sales of $39 million$6.50 Average per person check – upper end of national QSR competitorsFree-standing restaurant
Slide 14: A Highly Differentiated Concept in QSR
A Highly Differentiated Concept in QSR Multi-dimensional brand refresh initiated 5 years agoThe only “Fresh, All-Natural, Handcrafted” brand story at a QSR price pointMade to order quality with QSR speed of serviceRemodeling and reimaging program to upgrade facilitiesNew store model with upscale, fa
Slide 15: Brand Refresh Producing Sales Momentum
Brand Refresh Producing Sales Momentum Good Times Restaurants Inc. * 23 Quarters of Same Store Sales Growth at Good Times
Slide 16: Increasing Sales Has Increased Profits
Increasing Sales Has Increased Profits Good Times Restaurants Inc. * Average Unit Sales Volumes Average Restaurant Level Operating Profit Note: Restaurant Level Operating Profit is defined as Net Sales less all restaurant level operating, occupancy and advertising expenses but does not include depre
Slide 17: Strong Growth Platform
Strong Growth Platform Good Times growth in Colorado with company-owned storesContinued same store sales growth through menu innovation, remodels and deepening the all-natural positioning at Good TimesBad Daddy’s – 2 markets with infrastructure to support concentric growth:Opening 6 stores in fiscal
Slide 18: Highly Experienced Management Team
Highly Experienced Management Team Boyd Hoback – President, CEO40 years in the restaurant business; with Good Times since inceptionImplemented sophisticated operating and management systems across all functional areasScott Lefever – Chief Operating Officer, Good Times35 years in the restaurant busin
Slide 19: Highly Experienced Management Team
Highly Experienced Management Team Mike Maloney – Director of Operations, Bad Daddy’s of Colorado Former VP Ops Paragon Steakhouses, Regional VP Lonestar Steakhouse Executive & operational positions with Jimmy John’sTimothy Kast– Executive Chef, Bad Daddy’s InternationalFormer Executive Chef Partner
Slide 20: The Investment Opportunity
The Investment Opportunity Financial Highlights 23 quarters of SSS growth in Good Times3 year compound SSS growth of 28% in Good TimesTwo proven economic models with attractive returnsBad Daddy’s top tier sales per sq. ft., economic model @ $2.5M in salesStrong balance sheet with limited debt & $9M
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