Americana Restaurants International Plc · ADX:AMR
Americana Restaurants International — Investor Presentation (September 2026)
41 slides from Americana Restaurants International's investor presentation, September 2026
Slide 1: Investor Presentation September 2026
LARGEST RESTAURANT OPERATOR IN MENA & KAZAKHSTAN Investor Presentation September 2026 Select brands shown for illustrative purposes
Slide 2: A Taste of Americana Restaurants
A Taste of Americana Restaurants OUR VISION To be the fastest growing and OUR PURPOSE most trusted food operator in the world Building Communities Around the Joy of Food OUR MISSION To create awesome experiences for our internal and external customers, delivering amazing value for our shareholders 2
Slide 3: Our journey so far
Our journey so far… …five decades of heritage have made Americana the region's most community-rooted, customer-centric operator 1964 1971-2016 2016 2017-2021 2022-Current JOURNEY BEGINS FOR LEADING MENA FOOD & PARENT RESTAURANT BUSINESS ACCELERATING GROWTH AMERICANA GROUP BEVERAGE PLAYER ACQUISITION
Slide 4: The largest QSR operator in MENA and Kazakhstan
The largest QSR operator in MENA and Kazakhstan …on a rapid growth journey to build on an established leadership position EXPOSURE TO 12 HIGHLY ATTRACTIVE MARKETS ACROSS MENA AND KAZAKHSTAN Kazakhstan #1 Jordan 149 50+ Operator in MENA 55 Iraq Years as a trusted and Kazakhstan Lebanon 44 franchisee
Slide 5: Standout platform for iconic brands
Standout platform for iconic brands …covering all popular food categories International QSR Regional QSR COFFEE & CASUAL INDULGENCE Chicken Pizza Mexican Arabic PREMIUM DINING Leading Pizza QSR brand in Leading QSR brand A globally leading donut #1 global Chicken QSR Legendary brand offering a our c
Slide 6: Moats Driving Sustainable Long Term Value Creation
Moats Driving Sustainable Long Term Value Creation …Scale, Innovation and Financial strength form the foundation for our next phase of growth Scale & Operating Advantage Insights & Product Innovation Digitalization & Automation Limited time offers Sales generated Restaurants across 12 2,700+ countri
Slide 7: Key Growth Levers
Key Growth Levers …leveraging scale, innovation, expansion and financial strength to accelerate growth 1 Like-for-Like 2 Penetration 3 Category Expansion 4 Geographic Expansion Leadership through innovation and margin NSOs focused on profitable markets and Expansion into diversified and attractive L
Slide 8: Introduction to the AMR Leadership
Introduction to the AMR Leadership …a world class leadership team with decades of international experience Amarpal Sandhu Harsh Bansal Rahul Mathur Dusan Folta Chief Executive Officer COO KFC & Pizza Hut Chief Financial Officer Chief Development Officer ▪ Joined in 2017 as KFC COO ▪ Joined in 2016 ▪
Slide 9: Agility, Resilience - Repeatedly Proven
Agility, Resilience - Repeatedly Proven …Americana's scale, brand portfolio, operating discipline and financial strength have countered every headwind Earnings have broadly recovered and well positioned for future growth LTM Net Income ( $ Mn) 290 274 259 250 229 219 195 163 171 177 150 159 Sept'23
Slide 10: H1 26 Results: Strong growth across every metric
H1 26 Results: Strong growth across every metrics …robust first-half performance positions AMR well to deliver on its full year guidance REVENUES LFL NET PROFIT +12.1% increase (vs. H1 25) +6.3% Increase (vs. H1 25) 59.2% increase (vs. H1 25) $1,364.5m $147.2m 10.8% Margin INTERIM DIVIDEND CAPEX RES
Slide 11: Annexures
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Slide 12: Financial Review H1 2026
FINANCIAL REVIEW H1 2026
Slide 13: H1 26 Performance dashboard
H1 26 Performance dashboard REVENUES LFL RESTAURANT PORTFOLIO $1,364.5m 6.3% 12.1% increase (vs. H1 25) increase (vs.H1 25) 2,746 stores EBITDA NET PROFIT $348.2m $147.2m 26.7% increase (vs. H1 25) 59.2% increase (vs. H1 25) +167 1 CAPEX2 INTERIM DIVIDEND +108 $67.2m $100.8m 1 4.9% of revenue $0.012
Slide 14: Building scale with 167 new stores added in the last twelve months
Building scale with 167 new stores added in the last twelve months and continued development visibility Restaurant portfolio evolution Restaurant pipeline for 2026E (1st July 25 – 30th June 26) No. of restaurants 48 111 (3) Net New Stores 167 7 59 (9) 2,746 120 -130 26 47 net Additions (50) 2,638 13
Slide 15: Double digit revenue growth of +12.1%
Double digit revenue growth of +12.1%, driven by strong LFL growth of +6.3% and new store openings Revenue bridge Revenue mix4 % of stable pegged currency (H1 25 to H1 26), $m 83% 83% <1% 6% <1% Other Brands 6% Growth/Niche 76 4 1,365 Brands 94% Power Brands 75 -7 94% 1,217 +6.3% H1 25 H1 26 LFL Sal
Slide 16: Broad based revenue growth in H1 2026
Broad based revenue growth in H1 2026 underpinned by meaningful innovations executed with excellence Revenue by Power Brands YoY Growth1 LfL Growth2 (H1 25 to H1 26), $m Total 12.6% 7.0% 13.9% 7.6% 4.4% 1.6% 10.2% 5.8% 12.1% 6.3% 818 241 49 1,365 167 726 212 1,217 45 160 H1 25 H1 26 H1 25 H1 26 H1 2
Slide 17: Strong margin expansion underpinned by operating cost leverage
Strong margin expansion underpinned by operating cost leverage and disciplined cost management 4 Wall EBITDA EBITDA Net Profit (H1 25 to H1 26), $m (H1 25 to H1 26), $m (H1 25 to H1 26), $m +24.0% +26.7% +59.2% 500 400 25.0% 147 450 433 348 350 20.0% 400 300 349 275 350 250 92 15.0% 300 200 250 10.8
Slide 18: 180 bps improvement in inventory cost as % of sales
180 bps improvement in inventory cost as % of sales driven by supply chain projects and measured pricing initiatives Cost of inventory1 evolution Q1 26 vs. Q1 25 Q2 26 vs. Q2 25 Change2 % (1.8%) (1.8%) 29.2% 29.2% 29.2% 29.2% 28.5% 27.5% 27.4% 27.3% 27.1% H1 24 H1 25 H1 26 Q1 25 Q2 25 Q3 25 Q4 25 Q1
Slide 19: Disciplined capital allocation enabling a healthy 3-year payback
Disciplined capital allocation and Store expansion enabling a healthy 3-year payback Key metrics by restaurants1 New restaurant openings1 by brands New Restaurants Avg. Capex / Payback Brand openings restaurant (years) ($k) 17% 142 523 2.4 57 442 2.5 40% 12% 54 345 > 5 years 44 107 > 5 years Others2
Slide 20: Improved net working capital, continued capital deployment
Improved net working capital, continued capital deployment to enable sustainable growth Net Working Capital (NWC) Gross Capex $m $m (9.2%) (9.9%) (10.0%) 4.1% 4.9% (218) (248) (266) 36 +46 26 +7 127 128 143 141 155 129 19 11 (487) (531) (537) 48 39 30-Jun-25 31-Dec-25 30-Jun-26 Inventory Receivables
Slide 21: The Way Forward
THE WAY FORWARD -
Slide 22: Guidance 2026
2026 Guidance Revenue Growth NSO Guidance Digital Leadership ✓ Continue delivering mid-single-digit LfL ✓ Evolving to a loyalty-led ecosystem and making ✓ 120 – 130 net new stores in 2026; including loyalty a core pillar of customer engagement growth, consistent with H1 2026 new brands performance ✓
Slide 23: Appendix
APPENDIX
Slide 24: Portfolio evolution – H1 26
Portfolio evolution – H1 26 No. of restaurants – Openings & closures – LTM H1 261 by country and brands No. of restaurants – by brand/category Kazakhstan 64 Openings Closures 149 32 33 Kuwait 24 14 17 Iraq 274 13 8 12 9 Lebanon 44 17 KFC Pizza Hut Hardee's Krispy Kreme Growth/Niche Bahrain Qatar 73
Slide 25: Free cash flows and movement in cash & cash equivalents
Free cash flows and movement in cash & cash equivalents Movement in Cash & Cash Equivalents Free Cash Flow (FCF) $m $m H1 25 H1 26 (11) (34) EBITDA 275 348 Hyper Inflation Effect 1 (<1) Net Capex (49) (67) 361 274 Change in Non-current Portion of Trade Payables (9) 3 (44) (72) Tax (16) (24) (241) Ch
Slide 26: EBITDA to net profit reconciliation
EBITDA to net profit reconciliation Post IFRS-16 basis $k H1 25 H1 26 Net profit attributable to shareholders of the company 92,482 147,221 Minority (Non-Controlling Interest) (940) (238) Income tax (including Pillar II), and Zakat 16,323 24,101 Finance cost (net) excluding finance costs on lease li
Slide 27: Financial Review Q1 2026
FINANCIAL REVIEW Q1 2026
Slide 28: Q1 26 Performance Dashboard
Q1 26 Performance Dashboard REVENUES LFL3 RESTAURANT PORTFOLIO $649.7m 6.7% 13.3% increase (vs. Q1 25) increase (vs.Q1 25) 2,741 stores EBITDA NET PROFIT $160.5m $63.2m 31.9% increase (vs. Q1 25) 93.5% increase (vs. Q1 25) +173 1 CAPEX2 Cash Dividends +111 $42.4m $201.6m 1 91.99% of FY25 Net Profit
Slide 29: 17 New Stores Added In Q1 26; A Robust Pipeline
17 New Stores Added In Q1 26 ; A Robust Pipeline To Reach The Guidance Restaurant portfolio evolution Restaurant pipeline for 2026E (31 Mar 25 – 31 MAR 26) No. of restaurants 40 119 (8) Net New Stores 173 7 (62) (10) 2,741 120 -130 28 (52) net Additions 2,630 138 70 156 43 +119 46 7 30 14 10 Q1 25 Q
Slide 30: 13.3% Revenue growth fueled by robust LFL sales growth
13.3% Revenue growth fueled by robust LFL sales growth and ongoing new store openings Revenue bridge Revenue mix4 % of stable pegged currency (Q1 25 to Q1 26), $m $m 84% 83% <1% 41 4 650 6% ( 1) 1% Other Brands 6% Growth/Niche 32 Brands 94% Power Brands 93% 573 Q1 25 Q1 26 Period LFL Pre Ramadan 6.4
Slide 31: 6.7% LfL Growth in Q1 2026
6.7% LfL Growth in Q1 2026, Driven By Brand Initiatives And Pricing Strategies Revenue by Power Brands (Q1 25 to Q1 26), $m YoY Growth1 LfL Growth2 Total 14.2% 7.5% 12.9% 5.9% 9.2% 4.3% 4.4% 3.6% 13.3% 6.7% 650 391 81 23 115 573 342 22 102 75 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1 26 Q1 25 Q1
Slide 32: Strong Q1 2026 Performance vs. Q1 2025 On All Metrics
Strong Q1 2026 Performance vs. Q1 2025 On All Metrics Driven by LFL Revenue Growth and Cost Discipline 4 Wall EBITDA EBITDA Net Profit (Q1 25 to Q1 26), $m (Q1 25 to Q1 26), $m (Q1 25 to Q1 26), $m +29.1% +31.9% +93.5% 230 180 25.0% 161 63 210 204 160 20.0% 190 140 122 170 120 158 15.0% 150 100 33 1
Slide 33: 1.9% improvement in Inventory Cost YoY
1.9% improvement in Inventory Cost YoY Driven By Supply Chain Efficiency, And Pricing Initiatives Cost of inventory1 evolution Q1 25 vs. Q1 24 Q1 26 vs. Q1 25 Change2 % (0.4%) (1.9%) 29.6% 29.4% 29.1% 29.2% 29.2% 28.9% 28.5% 27.3% 27.1% Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Source: 1
Slide 34: Net Working Capital as a % of Revenues in-line with Q1 25
Net Working Capital as a % of Revenues in-line with Q1 25 and Capex Increased due to M&A in Q1 26 Net Working Capital (NWC) Gross Capex 1 $m $m (8.9%) (9.9%) (8.9%) 4.8% 6.5% (202) (248) (230) 14 +46 10 +7 133 128 133 142 155 135 16 11 (478) (531) (498) 26 17 31-Mar-25 31-Dec-25 31-Mar-26 Inventory
Slide 35: The Way Forward
THE WAY FORWARD -
Slide 36: Guidance 2026
2026 Guidance Revenue Growth NSO Guidance Digital Leadership ✓ Mid Single Digit LfL growth ✓ 120 – 130 net NSO rollout in 2026; ✓ Maximizing ROI from kiosks, apps, loyalty, and including new brands personalization. ✓ Win brand love and trust through local relevance and communication ✓ NSOs focused o
Slide 37: Portfolio Evolution – LTM Q1 26
Portfolio Evolution – LTM Q1 26 (31 Mar 25 – 31 Mar 26) No. of restaurants – Openings & closures – LTM Q1 261 by country and brands No. of restaurants – by brand/category 69 Openings Closures Kazakhstan 147 31 35 Kuwait 17 18 21 Iraq 269 15 7 12 10 Lebanon 42 17 KFC Pizza Hut Hardee's Krispy Kreme G
Slide 38: Free Cash Flows And Movement In Cash & Cash Equivalents
Free Cash Flows And Movement In Cash & Cash Equivalents Movement in Cash & Cash Equivalents Free Cash Flow (FCF) $m $m Q1 25 Q1 26 39 32 EBITDA 122 161 Hyper Inflation Effect 1 <1 Net Capex (28) (42) 118 130 Change in Non-current Portion of Trade Payables (5) (3) Tax (7) (10) (23) (37) Change in NWC
Slide 39: EBITDA To Net Profit Reconciliation
EBITDA To Net Profit Reconciliation Post IFRS-16 basis $k Q1 25 Q1 26 Net profit attributable to shareholders of the company 32,649 63,181 Minority (Non-Controlling Interest) (710) (131) Income tax (including Pillar II), and Zakat 7,466 10,000 Finance cost (net) excluding finance costs on lease liab
Slide 40: Key Definitions
Key Definitions EBITDA: Gross capex: Refers to Net Profit attributable to the shareholders EBITDA is defined as Net profit for the year plus finance cost Gross capex defined as purchase of property and equipment of the Company (net), plus income tax and zakat, plus depreciation and plus purchase of
Slide 41: Thank You
THANK YOU Investor.Relations@americanarestaurants.com Americana Restaurants IR App
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