chief executive’s report - restaurant brands · kfc sales growth continues to build momentum...
TRANSCRIPT
Chief Executive’s Report
Annual Shareholders’ Meeting 2010
Net Profit After Tax
$5.2m
-$3.6m
$8.4m $8.3m
$19.5m
$12.3m
$6.5m
$10.4m$11.7m
$19.9m
-$5.0m
-$3.0m-$1.0m
$1.0m$3.0m
$5.0m$7.0m
$9.0m
$11.0m$13.0m
$15.0m$17.0m
$19.0m$21.0m
2006 2007 2008 2009 2010
Reported Excluding non trading
$m
Net Profit After Tax of $19.9million
Annual Shareholders’ Meeting 2010
KFC sales growth continues to build momentum
Annual Shareholders’ Meeting 2010
223.2
211.5
199.1
182.7
171.8 WPRA$50,498
WPRA$48,420
WPRA$44,010
WPRA$40,385
WPRA$37,544
$125
$145
$165
$185
$205
$225
$245
2006 2007 2008 2009 2010
-
2 0 ,0 0 0
4 0 ,0 0 0
6 0 ,0 0 0
8 0 ,0 0 0
1 0 0 ,0 0 0
1 2 0 ,0 00
1 4 0 ,0 00
1 6 0 ,0 00
1 8 0 ,0 00
2 0 0 ,0 0 0
KFC
Ann
ual S
ales
$m
KFC EBITDA growth has followed
29.631.2
35.9
38.0
46.3
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0
2006 2007 2008 2009 2010
KFC
Annu
al E
BITD
A $m
* The company changed balance dates in 2001/2002 - therefore the 2002 annual EBITDA is disclosed for comparative purposes
Annual Shareholders’ Meeting 2010
$46m to date invested in transformation with a further $11m
committed
$33.1
$48.5$53.2 $52.7
$56.2
$7.0
$20.5
$31.7$35.8
$46.0
$11.0
$-
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
2006 2007 2008 2009 2010
NBV of KFC Segment Assets Transformation Expenditure to date Additional Committed
$m's
Annual Shareholders’ Meeting 2010
Annual Shareholders’ Meeting 2010
Annual Shareholders’ Meeting 2010
Annual Shareholders’ Meeting 2010
Annual Shareholders’ Meeting 2010
• Yum marketing• NPD (pasta, garlic bites, jumbo pizza, Mia range, 7 New Flavours)• Consistency of product and service
Pizza Hut sales strategies are finally delivering results
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
Q12005/6
Q22005/6
Q32005/6
Q42005/6
Q12006/7
Q22006/7
Q32006/7
Q42006/7
Q12007/8
Q22007/8
Q32007/8
Q42007/8
Q12008/9
Q22008/9
Q32008/9
Q42008/9
Q12009/10
Q22009/10
Q32009/10
Q42009/10
Q12010/11
Sam
e S
tore
Sal
es %
Quarterly Same Store Sales - Pizza Hut
Annual Shareholders’ Meeting 2010
Profit at the EBITDA level is recovering as sales build
Annual Shareholders’ Meeting 2010
5.1
4.4
2.8
5.4
-
1.0
2.0
3.0
4.0
5.0
6.0
2007 2008 2009 2010
EBIT
DA B
rand
$m
Annual Shareholders’ Meeting 2010
Annual Shareholders’ Meeting 2010
Annual Shareholders’ Meeting 2010
Health & Safety
Annual Shareholders’ Meeting 2010
4.1
6.297.2
14.9
0
2
4
6
8
10
12
14
16
2007 2008 2009 2010
Lost Hours per 10,000 Hrs Worked
Training
Annual Shareholders’ Meeting 2010
3.73.63.2
2.4
00.5
11.5
22.5
33.5
4
2006 2007 2008 2009
Training Courses per employee
Annual Shareholders’ Meeting 2010