Sphera Franchise Group Sa · BVB:SFG
Sphera Franchise Group Sa — FY2022 Earnings Presentation
26 slides from Sphera Franchise Group Sa's earnings presentation, Feb 27, 2023
Slide 1: Sphera Franchise Group Investor & Analyst Call
Sphera Franchise Group Investor & Analyst Call 2022 Preliminary Financial Results 27.02.2023
Slide 2: Agenda for today’s call
Agenda for today’s call 1 2022P Highlights 2 Business updates from Q4 2022 3 Brand Performance 4 Q&A session 5 Annex: Key 2022 Preliminary Financials 2
Slide 3: Disclaimer
Disclaimer This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of shares issued by Sphera Franchise Group SA ("Sphera"), or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy shares in Sphera. Neither
Slide 4: Welcome to SFG’s 2022 Preliminary Results Call
Welcome to SFG’s 2022 Preliminary Results Call Calin Ionescu Valentin Budes Monica Eftimie Zuzanna Kurek CEO CFO CMO IR Sphera Franchise Group’s unaudited preliminary results for 2022 are available for download on our website: www.spheragroup.com. The recording of this conference call will be availa
Slide 5: 2022P Highlights
2022P Highlights NY SPHERA z Krc @ {3
Slide 6: SFG Performance in 2022P
SFG Performance in 2022P • Best quarter in Group’s history: Q4’22 continued the positive trend of QoQ increases, with the Group closing the period with record-high results, registering RON 369.2 mn in Data in RON’000 2022P 2021A Y/Y % consolidated sales, a 36% increase compared to Q4’21 and normaliz
Slide 7: SFG 2022P Performance
SFG 2022P Performance 1,322.8 % +32 369.2 1,270.8 1,000.3 % Q4 +3 6% +31 271.6 341.1 102.7 967.7 +40 % 347.6 Q3 2% 6% +2 271.4 +2 73.5 44.4 321.7 43% +2 284.2 12.9 3% 327.4 262.3 +2 Q2 1% 37.0 +4 322.3 4% 233.1 29.8 +2 3% 225.8 +4 -1% Q1 278.6 17.6 +3 2% 7% 285.7 211.4 208.3 +3 -71% 17.5 13.1 3.8 20
Slide 8: SFG 2022P Performance breakdown
SFG 2022P Performance breakdown Contribution to 2022P turnover 5.2% 12.6% 1.3% 9.3% Q1 Q4 21.1% 27.9% 24.8% 86.1% 85.5% Q2: 15% 26.3% Q3: 27.8% Q2 Q3 Per market Per brand Per quarter 8
Slide 9: Business updates from Q4 2022
Business updates from Q4 2022 9
Slide 10: COVID-19 & staff updates
COVID-19 & staff updates COVID-19 updates • Lifting of the restrictions in all markets of activity in Q2’22: Romania lifted all the COVID-19 restrictions as of 09.03.2022, Republic of Moldova as of 19.04.2022, and Italy as of 01.05.2022. • Not substantial facilities granted: With the lifting of the
Slide 11: Restaurant development & fiscal updates
Restaurant development & fiscal updates Number of stores • 177 restaurants operated: SFG operated 177 restaurants as of 31.12.2022, out of which 96 KFC restaurants in Romania, 2 in Moldova and 20 in Italy, as well as 15 Taco Bell restaurants, 42 Pizza Hut restaurants (of which 22 Pizza Hut and 20 Pi
Slide 12: Capital markets updates
Capital markets updates SFG evolution on BVB • Increases registered in Q4 2022 after volatile 9 months: The total traded value on SFG shares between 01.10.2022 and 31.12.2022, was RON 5.5 mn, as 404,931 shares were traded (3.1% of the free float). SFG shares registered in Q4 2022 a positive evolutio
Slide 13: Marketing
Marketing Pricing adaptation to the market conditions • In the current economic climate, SFG increased the prices in December for the three brands in order to protect the bottom line and absorb the increased cost of inputs. At the same time, the Group focused on value offerings to the customer to en
Slide 14: Marketing
Marketing Pizza Hut: Build sales and increase distinctiveness • For the winter campaign Pizza Hut brought into focus one of its iconic products – Cheesy Bites, and added an innovation called Meaty Bites. The campaign successfully delivered sales and increased consideration by building on distinctive
Slide 15: Brand performance
Brand performance NY SPHERA z Krc @ {3
Slide 16: KFC Romania
All Store Performance KFC Romania 114.9% 42.8% • Q4’22 was another quarter of continued increases for KFC 37.3% 35.0% 23.6% Romania as all store performance improved 35% YoY due to 14.3% 20.3% 20.1% excellent same store results (+31%) paired with the sales generated by the new KFC restaurants that w
Slide 17: KFC Italy & KFC Republic of Moldova
All Store Performance KFC Italy & KFC Republic of Moldova 114.5% 88.0% 70.3% 58.4% KFC Italy 26.0% 37.5% 31.6% 2.5% • All-stores recorded 32% sales increase in Q4’22 vs. Q4’21, while the Q1’21 Q2’21 Q3’21 Q4’21 Q1’22 Q2’22 Q3’22 Q4’22 same store evolution saw a 29% sales increase. Same Store Perform
Slide 18: Pizza Hut & Taco Bell
Pizza Hut & Taco Bell All Store Performance Pizza Hut 108.4% • The YoY increase dynamic took up again in Q4’22 as the brand registered 71.4% 39% increase in all store performance and a 34% increase in the same store 54.6% 55.3% 45.5% performance. In 2022, ARS opened 2 new units. 38.5% • 39% of all o
Slide 19: Q&A Session
Q&A Session NY SPHERA z Krc @ {3
Slide 20: Annex: Key 2022P Financials
Annex: Key 2022P Financials 20
Slide 21: Summary of Q4 2022 Consolidated FS
Summary of Q4 2022 Consolidated FS 21 Results excl. IFRS16
Slide 22: Summary of 2022P Consolidated FS
Summary of 2022P Consolidated FS 22 Results excl. IFRS16
Slide 23: Summary of 2022P Consolidated FS
Summary of 2022P Consolidated FS (with and without IFRS 16 impact) 23
Slide 24: Breakdown of 2022P results by entity
Breakdown of 2022P results by entity 24 Results excl. IFRS16
Slide 25: Overview of the 2022P G&A expenses
Overview of the 2022P G&A expenses (with and without IFRS 16 impact) 25
Slide 26: Thank you for joining us!
Thank you for joining us! Sphera Franchise Group’s unaudited preliminary results for 2022 are available for download our website: www.spheragroup.com. The recording of this conference call will be available on our website shortly. For any questions related to Sphera Franchise Group’s activity on the
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