Brinker International, Inc. · NYSE:EAT

Brinker International — Q1 2020 Earnings Presentation

11 slides from Brinker International's earnings presentation, Oct 30, 2019

  1. Slide 1: Q1 F20 – October 30, 2019

    Q1 F20 October 30, 2019

  2. Slide 2: Safe Harbor Statement

    SAFE HARBOR STATEMENT During these presentations, and in response to your questions, certain items may be discussed which are not based entirely on historical facts. Any such items should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1

  3. Slide 3: Same Store Sales – F19, F20

    SAME STORE SALES – F19, F20 Brinker Chili’s Maggiano’s Domestic Franchise International Franchise Q1 F20 2.3% 2.9% -1.8% 0.4% -1.3% Q2 F20 Q3 F20 Q4 F20 YTD F20 2.3% 2.9% -1.8% 0.4% -1.3% Brinker Chili’s Maggiano’s Domestic Franchise International Franchise Q1 F19 1.8% 2.0% 0.0% 1.2% -3.0% Q2 F19 2.

  4. Slide 4: Brinker Sales and Revenue

    BRINKER SALES AND REVENUE (In millions) Chili’s Company Sales Maggiano’s Company Sales $677.5 $86.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F19 F20 F19 F20 Total Company Sales Total Revenues $786.0 $763.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 F19 F20 F19 F20

  5. Slide 5: Q1 COS as a Percent of Company Sales

    Q1 COS AS A PERCENT OF COMPANY SALES 0.7% 0.1% 26.7% 26.4% 0.5% Q1 F19 Mix Commodity Leverage Q1 F20 5

  6. Slide 6: Q1 Labor as a Percent of Company Sales

    Q1 LABOR AS A PERCENT OF COMPANY SALES 35.2% 0.2% 35.2% 0.3% 0.5% Q1 F19 Bonus Inflation Leverage Q1 F20 6

  7. Slide 7: Q1 Restaurant Expense as a Percent of Company Sales

    Q1 RESTAURANT EXPENSE AS A PERCENT OF COMPANY SALES 0.3% 0.5% 27.3% 27.1% 1.0% Q1 F19 SLB Rent Inflation Leverage Q1 F20 7

  8. Slide 8: F20 Guidance

    F20 GUIDANCE Guidance Net Comp Sales 1.75% to 2.5% Increase Revenues 9%-10% Increase Rest Operating Margin Down 20 bps top Flat G&A Flat Taxes 10.5% to 11.5% EPS $4.15 to $4.35 WAS 37M to 39M Capex $140M to $150M Adj. Free Cash Flow $160M to $175M

  9. Slide 9: Adjusted Earnings Per Share

    ADJUSTED EARNINGS PER SHARE $4.50 $4.15-$4.35 $3.93 $4.00 $3.55 $3.50 $3.50 $3.20 $3.05 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 F15 F16 * F17 F18 F19 F20 ** F20 Guidance * F16 EPS positively impacted by 53rd week ** F20 is an estimate

  10. Slide 10: Free Cash Flow

    FREE CASH FLOW $300 (In millions) $282 $250 $228 $213 $200 $183 $160-$175 $150 $124 $100 $50 $0 F15 F16* F17 F18 F19 F20 ** F20 Guidance *F16 includes 53rd week **F20 is an estimate

  11. Slide 11: Share Repurchase

    SHARE REPURCHASE $400 $371 9.0 (In millions) 7.5 $350 5.8 8.0 $303 7.0 $300 $285 5.4 6.0 $250 5.0 $200 $168 3.6 4.0 $150 3.0 $100 2.0 $50 1.0 $10 0.3 $0 0.0 F16 F17 F18 F19 F20 Dollars Number of Shares

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