18 slides from Alsea, S.a.b. De C.v's earnings presentation, Apr 24, 2024
Slide 1: 1Q24 Earnings Videoconference
1Q24 EARNINGS VIDEOCONFERENCE APRIL24 2024 TH
Slide 2: Forward-Looking Statements Disclaimer
Forward-Looking Statements Disclaimer Certain information contained in this presentation, particularly information regarding future economic performance, finances, and; expectations and objectives of management constitutes forward-looking statements. Forward-looking statements can be identified by t
Slide 3: Today's Speakers
Today’s Speakers Armando Torrado CEO Federico Rodríguez CFO
Slide 4: Armando Torrado, CEO
Armando Torrado CEO
Slide 5: 2024 Top Priorities
Operating Organic Efficiencies Growth 2024 Top Priorities Company Digitalization
Slide 6: Strong 1Q24 Results
Strong 1Q24 Results POSITIVE EBITDA Delivery Share: PRE IFRS-16 POST IFRS-16 16.6 % SALES $2.6 $3.7 Delivery Orders: PRE IFRS-16 POST IFRS-16 BN PESOS BN PESOS 12.7 MILLIONS $18 $18.2 BN PESOS BN PESOS 14.3% MARGIN 20.5% MARGIN SSS ↑ 2.7% ↑ 3.0% VS. 1Q23 VS. 1Q23 +$284 +$50 MILLION PESOS MILLION PES
Slide 7: Same Stores Sales
Same Stores Sales STARBUCKS FULL SERVICE DOMINO’S PIZZA BURGER KING RESTAURANTS 19.5% 12.5% 10.6% 8% 6.0% 1.5% -1.4% -1.1% -5.9% -5.7% Mexico Colombia Spain Mexico Chile Spain Full Service Restaurants Mexico Europe South America
Slide 8: Alsea Global
Alsea Global 1,451 1,792 425 77 76 31 8 237 166 29 216 13 120 105 M CLIENTS SERVED 3 SEGMENTS 4,641 UNITS QSR 77% corporate Coffee Shops 23% franchises Full Service Restaurants + 76,000 TEAM MEMBERS
Slide 9: Global Loyalty KPIs
Global Loyalty KPIs Digital Mexico Europe South America Sales* $3.7 $2.1 $1.3 $0.3 Billion Billion Billion Billion Tender 22% 26% 14% Digital 7.8 3.6 2.7 1.5 Customers Million Million Million Million 180 days *Delivery + Loyalty Tender Growth vs. LY Tender 22.1% 50.9% 27.3% Digital Sales 8.4% 31.8%
Slide 10: Sustainability
Greener Stores Fundación Alsea • Donated over 25 Certified + 44 million pesos Starbucks stores as greener stores, • Benefited more than reaching 129 in Latin 8,000 people America Sustainability Premio Alsea Fundación Alsea together with World Vision Mexico launched the third edition of Premio Alsea
Slide 11: Federico Rodríguez, CFO
Federico Rodríguez CFO
Slide 12: Sales Improvement
Sales Improvement ADJUSTED EBITDA* TOTAL SALES 19.8% COST 18.2% 413 18,057 17,584 504 739 3,054 2,493 726 -110 BPS 5,577 2.7% 5,441 33.1% 32.0% 12.2% 1,972 2,430 excluding fx effect 8,953 10,122 1Q23 1Q24 1Q23 1Q24 1Q23 1Q24 Mexico Europe South America Mexico Europe South America % Cost of sale * St
Slide 13: Net Income Evolution
Net Income Evolution Net $700 Income $564 $600 $500 $440 $400 $400 EPS $300 $200 $3.50 1Q22 1Q23 1Q24 $3.00 $3.08 $2.50 $2.00 $1.90 $1.50 $1.00 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
Slide 14: Capex YTD
Capex YTD Openings & Remodelings, 62% South Mexico, America, 57% 11% Other strategic projects, Europe, 15% 32% Maintenance, 23% $939 Million pesos
Slide 15: Debt Profile
Debt Profile 6% 11% 56% 27% $15,546 $7,638 Total Debt: $3,110 $28,015 $1,721 Million pesos 2024 2025 2026 2027
Slide 16: Financial Ratios 1Q24
Financial Ratios 1Q24 Mexican Pesos, Chilean Pesos, 67% Total Debt / EBITDA 2.6X 0.1% Net Debt / EBITDA 2.0x Euros, 33%
Slide 17: 2024 Guidance
2024 Guidance Growth Top Line Openings 250 - 300 180-230 Corporate CAPEX SSS Revenues ~70 $6 7%-9% >10% Franchises billion pesos >11% ≥14.2% >10% ≥20.9% PRE IFRS 16 IFRS 16 POST EBITDA EBITDA EBITDA EBITDA Growth Margin Growth Margin ~2.5x 28%-29% ~2.9x 30%-31% Gross ROE Gross ROE Debt/EBITDA Debt/E
Slide 18: Ww HOLLYWOOD
Ww HOLLYWOOD a S 4 4 iS) re Qa QSA