BreadTalk Group Limited Financial Results Third Quarter 2016
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1 BreadTalk Group Limited Financial Results Third Quarter 2016 Bakery Food Atrium Restaurant
2 3Q 2016 FINANCIAL HIGHLIGHTS Income Statement Highlights S$ Million 3Q Q 2015 Y/Y 9M M 2015 Y/Y Revenue % % Bakery % % Food Atrium % % Restaurant % % EBITDA % % Bakery % % Food Atrium % % Restaurant % % Others (0.7) % % EBITDA margin 13.4% 12.0% +1.4 ppt 12.9% 11.9% +1.2 ppt Bakery 13.5% 5.6% +7.9 ppt 10.7% 6.9% +3.8 ppt Food Atrium 7.7% 10.9% -0.4 ppt 4.5% 11.5% -7.0 ppt Restaurant 21.0% 22.0% -1.0 ppt 19.6% 19.1% +0.5 ppt Net profit % % EPS (cents) % % 2
3 GROUP KEY FINANCIAL HIGHLIGHTS REVENUE MIX BY BUSINESS REVENUE MIX BY GEOGRAPHY EBITDA MIX BY BUSINESS Restaurant $111.7m 24% 23% 9M 2016 Hong Kong $52.1m 11% 12% Others $27.6m 6% 5% 9M 2016 Others $7.6m 13% 8% 9M % Bakery $24.5m 41% 28% Food Atrium $120.8m 26% 9M % Bakery $229.2m 50% China $130.9m 28% 31% 9M % $251.0m 55% Restaurant $21.9m 37% 36% 9M % Food Atrium $5.4m 9% 9M 2016 REVENUE: S$461.7M 9M 2016 REVENUE BY GEOGRAPHY 9M 2016 EBITDA: S$59.4M 3
4 3Q 2016 FINANCIAL HIGHLIGHTS Balance Sheet Highlights S$ Million 3Q 2016 FY 2015 Total assets Cash and cash equivalents Accounts receivables Inventories Current assets Property, plant and equipment Investment securities Non-current assets Total liabilities Accounts payables Current liabilities Non-current liabilities Borrowings and debt securities Short term Long term Net debt CASH & CASH EQUIVALENT VS NET DEBT FY14 FY15 1Q16 2Q16 3Q16 Cash and cash equivalents (S$ Million) Net debt (S$ Million) 4
5 3Q 2016 FINANCIAL HIGHLIGHTS Cash Flow Highlights S$ Million 3Q Q 2015 FY 2015 Operating cash flow before working capital changes Net cash flow from operating activities Less: Capital expenditure (13) (8) (37) Investment in associate & joint venture (1) - (3) Net cash flow used in investing activities (14) (7) (58) Free cash flow Net (decrease) increase in bank borrowings (10) (18) 4 Net cash flow used in financing activities (19) (21) (10) Net cash flow 1 (6) (1) 5
6 3Q 2016 FINANCIAL HIGHLIGHTS Financial Ratios 9M M 2015 FY 2015 Trade Receivables Turnover (days) - Franchisee Trade Receivables Turnover (days) - Non franchisee Total Receivables Turnover (days) Inventory Turnover (days) Trade Payables Turnover (days) Cash Conversion Cycle (days) Net Debt/Shareholder's Equity 0.63x 1.11x 0.83x Net Debt/EBITDA 1.31x 2.11x 1.38x EBITDA/Interest expense 13.23x 13.92x 14.56x 6
7 STRONG PRESENCE ACROSS ASIA Strong foothold across 17 territories in Asia and Middle East OUTLET DISTRIBUTION BY GEOGRAPHY OUTLET DISTRIBUTION BY BUSINESS SEGMENT 166 Thailand 6 FY 2015 Net Increase/ (Decrease) 9M 2016 Bakery 862 (15) 847 Direct Operating 266 (8) 258 Franchise 596 (7) 589 China 421 Food Atrium 65 (8) 57 Others 343 Restaurant Din Tai Fung Ramen Play San Pou Tei
8 BAKERY DIVISION REVENUE 9M 2016 REVENUE BY GEOGRAPHY % International 2% Hong Kong 10% SEA* 1% 50 FY10 FY11 FY12 FY13 FY14 FY15 9M15 9M16 Revenue (S$ Million) EBITDA 43% % 9.3% 8.6% 8.8% 10.7% 12.0% 11.0% 10.0% 9.0% China 44% % 7.3% 6.9% FY10 FY11 FY12 FY13 FY14 FY15 9M15 9M16 EBITDA (S$ Million) Margin (%) 8.0% 7.0% 6.0% 5.0% *Including SEA are Malaysia, Thailand, Philippines, Indonesia, Vietnam and Cambodia # Including International are Kuwait, Sri Lanka, Bahrain, Oman, Saudi Arabia and Qatar 8
9 BAKERY DIVISION NUMBER OF BAKERY OUTLETS 9M 2016 OUTLET DISTRIBUTION BY GEOGRAPHY International SEA* 278 China Hong Kong 24 0 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 9M16 Number of outlets *Including SEA are Malaysia, Thailand, Philippines, Indonesia, Vietnam and Cambodia # Including International are Kuwait, Sri Lanka, Bahrain, Oman, Saudi Arabia and Qatar 9
10 FOOD ATRIUM DIVISION REVENUE 9M 2016 REVENUE BY GEOGRAPHY % SEA* 5% Taiwan 5% 50 0 FY10 FY11 FY12 FY13 FY14 FY15 9M15 9M16 Hong Kong 21% 40% Revenue (S$ Million) EBITDA % 16.1% 13.3% 15.1% 14.7% 10.3% 11.5% 20.0% 15.0% 10.0% China 29% % 5.0% 0 FY10 FY11 FY12 FY13 FY14 FY15 9M15 9M16 0.0% *Including SEA are Malaysia & Thailand 10 EBITDA (S$ Million) Margin (%)
11 FOOD ATRIUM DIVISION NUMBER OF FOOD ATRIUM OUTLETS 9M 2016 OUTLET DISTRIBUTION BY GEOGRAPHY Taiwan 3 SEA* 5 Hong Kong 5 40 China FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 9M16 Number of outlets *Including SEA are Malaysia & Thailand 11
12 RESTAURANT DIVISION REVENUE 9M 2016 REVENUE BY GEOGRAPHY % Thailand 7% FY10 FY11 FY12 FY13 FY14 FY15 9M16 9M16 Revenue (S$ Million) EBITDA % % 24.0% 93% % 14.2% 16.1% 19.1% 19.6% 19.0% 14.0% % 10.6% 2 FY10 FY11 FY12 FY13 FY14 FY15 9M16 9M16 9.0% 12 EBITDA (S$ Million) Margin (%)
13 RESTAURANT DIVISION NUMBER OF RESTAURANT OUTLETS 9M 2016 OUTLET DISTRIBUTION BY GEOGRAPHY Thailand FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 9M16 Number of outlets 13
14 CONTACT US Mr. Chan Ying Jian Group Chief Financial Officer Ms. Agnes Kang Investor Relations Tel - (65) ir@breadtalk.com 14
BreadTalk Group Limited
BreadTalk Group Limited Financial Results Second Quarter 217 2 August 217 Bakery Food Atrium Restaurant 2Q 217 FINANCIAL HIGHLIGHTS Income Statement Highlights S$ Million 2Q 217 2Q 216 Y/Y 1H 217 1H 216
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