Savor Ltd. · NZX:SVR
Savor — Shareholder Meeting (September 2024)
42 slides from Savor's shareholder meeting presentation, Sep 30, 2024
Slide 1: Annual Shareholders Meeting
Annual Shareholders Meeting 30 September 2024
Slide 2: Welcome
Welcome SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 2
Slide 3: Agenda
Agenda – Welcome – Chairman’s Address – CEO’s Address – Formal Business – Questions – Close SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 3
Slide 4: Board of Directors
Board of Directors Lucien Law Paul Robinson Louise Alexander Bhupen Master Chief Executive Officer Executive Chair Director Director Over the past twelve years, Lucien has spearheaded a Paul Robinson has twenty five years of experience in Louise Alexander was appointed to the Board in April Bhupen h
Slide 5: Chairman's Address
Chairman’s Address Paul Robinson SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 5
Slide 6: FY24 Results
FY24 Results Revenue EBITDA EBITDA Leverage Revenue 10,000,000 Leverage 64,000,000 9,000,000 2.50 62,000,000 8,000,000 60,000,000 7,000,000 2.00 58,000,000 6,000,000 56,000,000 5,000,000 1.50 54,000,000 4,000,000 1.00 52,000,000 3,000,000 50,000,000 2,000,000 0.50 48,000,000 1,000,000 46,000,000 - -
Slide 7: Venue snapshot – Revenue
Venue snapshot – Revenue Revenue FY24 Revenue FY25Revenue Revenue YTD Amano Bivacco Japanese Other Signature Fast Casual Amano Bivacco Japanese Other Signature Fast Casual Amano Bivacco Japanese Other Signature Fast Casual SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 7
Slide 8: FY25 trading snapshot
FY25 trading snapshot – The normal run rate of the continuing business units have delivered a resilient result for the five months to 31 August 2024. – Revenue of $21m, a decrease of 8% compared to the prior year – EBITDA of $3.6m, a decrease of 10.6% compared to the prior year – 65% - 70% of the Gr
Slide 9: 2025 shareholder priorities
2025 shareholder priorities – Board to adopt a Group dividend policy – Return of capital via minimum holdings share buyback – Implementation of a SAVOR shareholder discount benefit scheme SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 9
Slide 10: CEO's Address
CEO’s Address Lucien Law SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 10
Slide 11: August - October Festival
AUGUST 12 - OCTOBE R 10 SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 11
Slide 12: Executive Summary and Objectives
Executive Summary and Objectives Addressing Cost of Living Challenges In response to the impact of the rising cost of living, we aimed to offer customers more value-driven dining opportunities, especially during the expected economic downturn in the winter months. Customer Retention and Attraction O
Slide 13: SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING
SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 13
Slide 14: Campaign Strategy
Campaign Strategy Cohesive Multi-Channel Campaign The Festival allowed us to run a unified campaign across multiple media platforms, something we haven’t done before, enhancing our brand visibility. Wide Media Presence We utilised a range of media, including social media, radio, indoor/outdoor billb
Slide 15: Savor Limited, Great North Road, Auckland
1 Great North Roa Aucklan d SAVOR LIMITED 15
Slide 16: SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING
SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 16
Slide 17: Performance & Metrics
Performance USER SESSIONS BY SOURCE WE WILL ACHIEVE OVER & Metrics – The Festival aimed to boost foot traffic and Google ~110k ~54k ~30k 30k Direct Others bookings by end customer numbers. After a 15% drop in visitors of festival over the winter, the Festival reversed this trend. By week 4, the decl
Slide 18: Festival guests and sales highlights
2,500 Average of Over 12,500 pints of Peroni 5,000 Coffees Served per week at Amano during served September – double normal Guests served the Bivacco Sunday Feast with all 8 weeks sold out A 40% NON SOLO PIZZA LONG LUNCH increase BIVACCO Over Over 500 1,500 12,000 people served 5% up on non-Fest Ove
Slide 19: SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING
SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 19
Slide 20: Investing in an Institution
Investing in an Institution Non Solo’s Legacy: After 20 years, Non Solo remains an Auckland institution, serving authentic Italian cuisine with its Instagram-worthy courtyard in the heart of Parnell. Infrastructure Upgrades: Early this year, we were informed that Vector would need to upgrade a trans
Slide 21: Private Dining Room
Private Dining Room The Private Dining Room (PDR) hadn’t been updated since we took over NSP, and while functional, it was dark and outdated. This presented a clear opportunity to boost revenue. We fully renovated the space, adding a more substantial wall to improve soundproofing between the PDR and
Slide 22: Osteria
Osteria Like the PDR, the Osteria hadn’t been updated since we took over, and while it performed well, the space had become worn and tired. A key issue was the patchwork roofing, which wasn’t fully waterproof, leading to lost turnover on rainy days and deterioration of furniture from constant exposu
Slide 23: Growth
Growth SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 23
Slide 24: Amano Deli Summer
AMANO DELI SUMMER 25 SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 24
Slide 25: Expanding Amano
Expanding Amano Amano offers a seasonally-driven menu featuring fresh, locally sourced ingredients, blending Italian-inspired dishes with modern New Zealand flavours. Open seven days a week for breakfast, lunch, and dinner, the menu includes handmade pasta, wood-fired dishes, and locally sourced sea
Slide 26: Amano Deli
Amano Deli Amano Deli is a more casual offshoot of the iconic Amano restaurant, offering the same commitment to seasonal, sustainable, and locally sourced ingredients in a more accessible format. Alongside freshly made pasta, homemade sauces, and daily-made gelato and sorbet, the deli features a sma
Slide 27: All day menu
All day menu At 7am, freshly baked croissants emerge from the oven, while locals enjoy their morning coffee and breakfast, choosing from a variety of pastries or healthier options like muesli and yogurt pots. As lunchtime nears, the cabinets are stocked with vibrant salads, fresh proteins, and the s
Slide 28: Pasta Gelato Store
Pasta Gelato Store At our fresh pasta bar, customers can watch as expert pasta makers handcraft intricate shapes, with the option to enjoy it paired with traditional sauces or take it home. The Amano store also offers daily-made gelato and dairy-free sorbet, alongside a curated selection of high-qua
Slide 29: SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING
SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 29
Slide 30: SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING
SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 30
Slide 31: Summer 25 Opening
OPENING SUMMER 25 SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 31
Slide 32: Expanding Japanese offerings with a new restaurant and bar
We’re expanding our Japanese offerings with a new restaurant and bar, set to open in Summer 2025. While the exact location remains under wraps, it will be centrally located with stunning water views. With over $10m in revenue from Ebisu and Azabu, and as Ebisu enters its 13th year, we believe this i
Slide 33: Interior Reference
INTERIOR REFERENCE SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 33
Slide 34: Food Reference
FOOD REFERENCE SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 34
Slide 35: SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING
SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 35
Slide 36: Formalities
Formalities – Election of Louise Alexander – Auditor Remuneration SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 36
Slide 37: Resolution 1
Resolution 1 That Ms Louise Alexander Louise Alexander was appointed to the Board in April 2021 and elected by shareholders in November 2021 and therefore offers herself for re-election be re-elected as a Director by shareholders at the 2024 Annual Meeting. Louise is currently Chair of the of the Co
Slide 38: Resolution 2
Resolution 2 To authorise the Directors to fix the auditors’ remuneration. SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 38
Slide 39: Questions
Questions SAVOR LIMITED ANNUAL SHAREHOLDERS MEETING 39
Slide 40: Thank you for attending our Annual Shareholders Meeting
Thank you for attending our Annual Shareholders Meeting 30 September 2024
Slide 41: Important Notice and Disclaimer
Important Notice and Disclaimer Disclaimer This presentation has been prepared by Savor Limited (NZ company number 3979219, NZX ticker SVR (the “Company”). Information This presentation contains summary information about the Company and its activities which is current as at the date of this presenta
Slide 42: Important Notice and Disclaimer
Important Notice and Disclaimer Non-GAAP financial information Certain financial information included in this presentation is non-GAAP financial information. This non-GAAP financial information is not audited, and caution should be exercised as other companies may calculate these measures differentl