Collins Foods Limited · ASX:CKF
Collins Foods — Shareholder Meeting (August 2017)
21 slides from Collins Foods's shareholder meeting presentation, Aug 31, 2017
Slide 1: 2017 Annual General Meeting
For personal use only COLLINS FOODS LIMITED 2017 ANNUAL GENERAL MEETING 31 August 2017
Slide 2: Chairman's address
For personal use only Chairman’s address Robert Kaye SC
Slide 3: Managing Director and CEO address
For personal use only Managing Director and CEO address Graham Maxwell
Slide 4: Total Collins Foods revenue
For personal use only Total Collins Foods revenue 700 600 500 Revenue ($m) 400 300 $633.6 $571.6 $574.3 200 100 0 FY15 [1] FY16 FY17 [1] 53 week year Page 3
Slide 5: Total Collins Foods underlying EBITDA & NPAT
For personal use only Total Collins Foods underlying EBITDA & NPAT 90 80 70 60 50 $ millions 40 $81.3 $74.6 $67.4 30 20 $30.1 $34.3 10 $24.6 0 FY15 FY16 FY17 Underlying EBITDA Underlying NPAT Page 4
Slide 6: KFC Australia revenue & EBITA %
For personal use only KFC Australia revenue & EBITA % 600 20% $549.5 $501.6 500 $483.1 18% Revenue ($m) 400 16% 16.4% Margin (%) 16.3% 15.4% 300 14% 200 12% 100 10% FY15 FY16 FY17 Page 5
Slide 7: KFC Europe strategic expansion
For personal use only KFC Europe strategic expansion • Acquired 12 restaurants in Germany in December 2016 Netherlands 16 • Integration is well on track, with early focus on back office set up • A further acquisition of 16 restaurants in the Netherlands announced March 2017 Germany • Completion expe
Slide 8: KFC Australia strategic expansion
For personal use only KFC Australia strategic expansion • Acquisition of 28 restaurants in Australia from subsidiaries of Yum! 4 • Restaurants located in WA (6); SA (8); and Northern Territory Tasmania (14) • Portfolio includes 2 restaurants in WA under construction and not yet trading 135 • Acquire
Slide 9: Collins Foods: KFC strategic expansion
For personal use only Collins Foods: KFC strategic expansion Netherlands 16 Germany 14 Australia Australia 224 224 • Total of 254 KFC restaurants • New restaurant builds over the next 4 to 5 years: - Australia: 8 to 9 per year - Europe: 8 to 10 per year • We will continue to explore further acquisit
Slide 10: Sizzler and Snag Stand overview
For personal use only Sizzler and Snag Stand overview • Sizzler Australia SSS growth of 0.4% • Revised menu did not create the desired improvement in • 6 Sizzler restaurants closed trading during the year, bringing store count to 16 at year end • Business is undergoing a strategic review • Sizzler A
Slide 11: Equity raisings and debt refinancing
For personal use only Equity raisings and debt refinancing Equity raisings 140 3.00 $133.1 $128.0 • March 2017: Institutional placement $122.8 successfully completed raising 120 $112.5 2.75 AUD$54.5m and launch of Share Purchase Plan raising AUD$1.9m 100 2.50 Net debt ($m) • June 2017: Accelerated N
Slide 12: Health and Safety
For personal use only Health and Safety • Strong focus on improving Safety Management System aligned to Australian and International Standards, across all brands • Commitment to zero harm for all employees, contractors, customers and visitors • Lost Time Injury frequency rate for 2017 has decreased
Slide 13: Charitable donations
For personal use only Charitable donations Workplace Giving program • Since its inception ~$4m • FY17 ~$484k • FY18 so far (periods 1 & 2) ~$81k • 4,112 people contribute from 50¢ to $200 per week • + World Hunger $119k Page 12
Slide 14: AGM business
For personal use only AGM business
Slide 15: Item 1. Financial and other reports
For personal use only ITEM 1. Financial and other reports To receive and consider the Financial Report, Directors’ Report and Independent Auditor’s Report of the Company and its controlled entities for the financial period ended 30 April 2017. Page 14
Slide 16: Item 2. Re-election of Director – Russell Tate
For personal use only ITEM 2. Re-election of Director – Russell Tate To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “To re-elect as a Director of the Company Russell Tate who, being a Director of the Company, retires and, being eligible, offers himself f
Slide 17: Item 3. Ratification of issue of placement shares
For personal use only ITEM 3. Ratification of issue of placement shares to institutional investors To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That, for the purpose of ASX Listing Rule 7.4 and all other purposes, Shareholders ratify the issue of 10,3
Slide 18: Item 4. Performance Rights to Graham Maxwell under the LTIP
For personal use only ITEM 4. Proposed issue of Performance Rights to Graham Maxwell under the LTIP To consider and, if thought fit, to pass the following resolution as an ordinary resolution: “That for the purpose of Listing Rule 10.14 and for all other purposes, approval is given for the issue, to
Slide 19: Item 5. Adoption of Remuneration Report
For personal use only ITEM 5. Adoption of Remuneration Report To consider and, if thought fit, to pass the following as an ordinary resolution “That the Remuneration Report (which forms part of the Directors’ Report) in respect of the period ended 30 April 2017 be adopted.” Note: This resolution is
Slide 20: Item 6. Renewal of Proportional Takeover Provisions
For personal use only ITEM 6. Renewal of Proportional Takeover Provisions in Constitution To consider and, if thought fit, to pass the following as a special resolution “That the proportional takeover provisions in the form of articles 79 and 80 of the Constitution be re-inserted for a further perio
Slide 21: Disclaimer
For personal use only Disclaimer • This presentation contains forward looking statements which may be subject to significant uncertainties beyond CKF’s control. • No representation is made as to the accuracy or reliability of forward looking statements or the assumptions on which they are based. • C