Red Robin Gourmet Burgers, Inc. · NASDAQ:RRGB
Red Robin Gourmet Burgers — Q2 2012 Earnings Presentation
13 slides from Red Robin Gourmet Burgers's earnings presentation, Aug 9, 2012
Slide 1: Fiscal Q212 Results
FISCAL Q212 RESULTS August 9, 2012 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 Forward-looking statements in this presentation regarding our expected earnings per share and restaurant sales, new restaurant growth, future economic performance, certain statements including, but not limited to, those under the headings “2012 Outlook – Financials,” and
Slide 3: Q212 Headlines
Q212 Headlines Red’s Tavern Double™ and Tavern Styles providing everyday value and build profitability Taking Back the Bar initiatives continuing to drive alcohol and non-alcohol beverage sales Optimizing Red Royalty™ to expand membership and further increase guest frequency 4
Slide 4: Q212 Headlines, cont'd.
Q212 Headlines, cont’d. Encouraging early results from Red Robin’s Burger Works® Fantastic guest response to fast-casual format in non-traditional locations Hired seasoned leader to manage next phase of Burger Works growth 5 Boulder, Colo., Red Robin’s Burger Works®
Slide 5: Comparable Net Sales: 8th Consecutive Quarter of Growth
Comparable Net Sales 6 8th Consecutive Quarter of Growth 3.1% 1.1% 3.1% 0.7% 0.8% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% Q211 Q311 Q411 Q112 Q212
Slide 6: Q212 Sales Highlights
Q212 Sales Highlights Q212 Q211 Change Restaurant revenue $219.9 million $212.1 million +3.7% Total co. revenue $223.7 million $215.8 million +3.7% Company-owned comp sales, net +0.8% +3.1% Price/mix: -0.1% Guest counts: +0.9% Price/mix: +4.5% Guest counts: -1.4% Franchised comp sales U.S.: +2.2% Ca
Slide 7: Q212 Restaurant Results
Q212 Restaurant Results Line Item % of Rest. Sales Q212 % of Rest. Sales Q211 Favorable (Unfavorable) Cost of Goods 25.4% 25.2% (20 bps) Labor 33.2% 33.3% 10 bps Other Operating 13.1% 13.7% 60 bps Occupancy 7.2% 7.0% (20 bps) RLOP (non GAAP) 21.1% 20.8% 30 bps 8
Slide 8: Growing RLOP Margins
Growing RLOP Margins 9 YTD Margins +90 bps 19.8% 20.8% 18.8% 19.9% 21.2% 17.0% 17.5% 18.3% 18.2% 21.1% 16.0% 17.0% 18.0% 19.0% 20.0% 21.0% 22.0% Q1 Q2 Q3 Q4 2010 2011 2012
Slide 9: Adjusted Net Income
Adjusted Net Income 10 $ in 000s * Fiscal year 2010 adjusted net income assumes a tax benefit of 3.2% YTD +10.8% $3,683 $4,115 $2,048 $1,305 $5,198 $2,542 $7,494 $9,021 $7,748 $10,558 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 Q1 Q2 Q3 Q4 2010* 2011 2012
Slide 10: Adjusted Earnings Per Diluted Share
Adjusted Earnings Per Diluted Share 11 YTD +16.0% $0.24 $0.28 $0.71 $0.13 $0.08 $0.34 $0.16 $0.48 $0.58 $0.52 $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 Q1 Q2 Q3 Q4 2010 2011 2012
Slide 11: Cash Flow from Operations
Cash Flow from Operations 12 $ in Millions $24.3 $18.9 $22.6 $20.5 $19.1 $16.7 $11.0 $23.9 $29.9 $29.6 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 Q1 Q2 Q3 Q4 2010 2011 2012
Slide 12: 2012 Outlook – Financials
2012 Outlook – Financials Near 0.5% comparable restaurant net sales growth versus prior year Open 14 new company-owned restaurants, including 4 Red Robin’s Burger Works® RLOP margin approximately 50 bps improvement over 19.8% in 2011 Selling, general and administrative costs to range from $108 milli
Slide 13: Foundation for Growth
Foundation for Growth Brand and menu development differentiated from competitors Systems infrastructure for best-in-class business intelligence Substantial room for organic growth Cash flow and financial condition to capture opportunities 14
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