Jubilant Foodworks Limited · NSE:JUBLFOOD
Jubilant Foodworks — Q2 FY2022 Earnings Presentation
20 slides from Jubilant Foodworks's earnings presentation, Oct 20, 2021
Slide 1: Stock exchange disclosure cover letter
JFL/NSE-BSE/2021-22/64 October 20, 2021 BSE Ltd. National Stock Exchange of India Limited P.J. Towers, Dalal Street Exchange Plaza, Bandra Kurla Complex Mumbai – 400001 Bandra(E), Mumbai – 400051 Scrip Code: 533155 Symbol: JUBLFOOD Sub: Disclosure under Regulation 30 - Press Release alongwith Earnin
Slide 2: Press Release - Financial Results for Q2 FY2021-22
Jubilant Foodworks Limited Press Release - Financial Results for Q2 FY2021-22 Noida, 20th October, 2021 – Jubilant Foodworks Limited, India’s largest Foodservice company, today announced results for the quarter ended 30th September, 2021. Revenue from Operations came in at Rs. 11,007 million, an inc
Slide 3: Standalone Financial Highlights
Standalone Financial Highlights Particulars (Rs. mn) Q2 FY22 Q2 FY21 Growth Revenue from Operations 11,007 8,055 36.6% Gross Profit 8,613 6,346 35.7% Gross Margins (%) 78.2% 78.8% - EBITDA 2,860 2,147 33.2% EBITDA Margins (%) 26.0% 26.7% - PAT 1,215 769 58.0% PAT Margins (%) 11.0% 9.5% - Domino’s Pi
Slide 4: About Jubilant Foodworks Limited
About Jubilant Foodworks Limited*: Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company. Its Domino’s Pizza franchise extends across a network of 1,435 restaurants in 307 cities. The Company has the exclusive rights to develop and oper
Slide 5: Q2 FY 2021-22 Earnings Presentation
Q2 FY 2021-22 Earnings Presentation 20th October, 2021
Slide 6: Highlights Q2 FY22
2 • Revenue from Operations of Rs. 11,007 mn, higher by 36.6% o Domino’s system sales grew by 11.6% when compared to Pre-Covid period of Q2 FY20: § Strong momentum in Delivery and Takeaway channel continued as it grew by 36.8% and 72.2% vs. Q2FY20 respectively • EBITDA of Rs. 2,860 million, higher b
Slide 7: Domino's Sales Recovery Trends
3 Domino’s Sales Recovery Trends System Sales Recovery vs. FY 2019-20 114.8% 100.3% 111.6% 94.0% 176.9% 82.3% 164.3% 172.2% 149.8% 149.1% 136.8% 128.7% 118.5% 105.8% 97.2% 99.9% 40.5% 78.0% 81.7% 66.7% 64.4% 54.3% 43.1% 46.9% 41.6% 36.6% 13.6% 17.5% 12.3% 2.1% Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22* Q2F
Slide 8: Exciting Innovation Launched – Cheesilicious: A Range of Cheese Pizzas
4 Exciting Innovation Launched – Cheesilicious: A Range of Cheese Pizzas The Cheese Dominator Commercial Link The 4 Cheese Pizza Commercial Link
Slide 9: Result Trends
5 Result Trends Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 JFL System Revenue Growth (18.5)% (0.2)% 14.3% 131.1% 36.6% Domino’s LFL Gr (%)* (18.8)% (0.2)% 13.7% 120.4% 29.4% Domino’s SSG (%)** (20.0)% (1.7)% 11.8% 114.2% 26.3% RESULTS TREND EBITDA Margin (%) 26.7% 26.4% 24.3% 24.1% 26.0% STANDALONE PAT
Slide 10: Domino's Pizza India Network
6 Domino’s Pizza India Network Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Restaurant at the beginning of the period 1,354 1,264 1,314 1,360 1,380 New Restaurants 10 50 50 20 55 Closed restaurants 100 0 4 0 0 HIGHLIGHTS Restaurants at the end of the period 1,264 1,314 1,360 1,380 1,435 DOMINO’S PIZZA IN
Slide 11: Online Ordering (OLO)
7 Online Ordering (OLO) Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Average OLO contribution to delivery sales 98.5% 98.2% 98.2% 98.9% 97.8% 2 new city added in Q1 FY19 Mobile Ordering sales contribution to overall OLO 97.6% 97.5% 97.4% 97.7% 97.2% Downloads of mobile ordering App (cum.) 43.8 mn 51.2 mn
Slide 12: International Highlights
8 International Highlights Domino’s Sri Lanka (31 stores) • Opened 3 new stores • Overall system sales growth in Q2: 88.4% o Delivery sales growth: 200.2% o Takeaway sales growth: 68.6% • Average OLO contribution to delivery sales(%): Q2 FY21 Q2 FY22 26.6% 63.9% INTERNATIONAL Domino’s Bangladesh OPE
Slide 13: Domino's Pizza Network including International Markets
9 Domino’s Pizza Network including International Markets HIGHLIGHTS Turkey, Azerbaijan India Russia* Sri Lanka Bangladesh Total and DOMINO’S PIZZA Georgia* OVERALL Restaurants at the end of the RESTAURANT period 1,435 597 192 31 7 2,262 NETWORK# Note: *Data for DP Eurasia – JFL’s Associate – is sour
Slide 14: Dunkin' Network; Hong's Kitchen and Ekdum! Network
10 Dunkin’ Network Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Restaurant at the beginning of the period 30 26 27 24 27 New Restaurants 1 2 1 3 2 Closed restaurants 5 1 4 0 1 Restaurants at the end of the period 26 27 24 27 28 HIGHLIGHTS Hong’s Kitchen and Ekdum! Network EMRGING BUSINESS UNITS Q2 FY21 Q
Slide 15: Stake increase in DP Eurasia and JGHL, Bangladesh
11 Stake increase in DP Eurasia and JGHL, Bangladesh • Launched Reverse Bookbuild to increase shareholding in DP • Exercised call option for acquiring additional 39% equity stake in Eurasia N.V. on 30th Sept, 2021 Jubilant Golden Harvest Limited (JGHL), Bangladesh • Reverse Bookbuild to close on 29t
Slide 16: Management Views
12 MANAGEMENT VIEWS Commenting on the performance for Q2 FY22, Mr. Shyam S. Bhartia, Commenting on the performance for Q2 FY22, Mr. Pratik Pota, CEO and Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant Foodworks Wholetime Director, Jubilant Foodworks Limited said, Limited said, “Q2 FY22 saw a
Slide 17: Quarterly Standalone Financials
13 Quarterly Standalone Financials Particulars (Rs. mn) Q2 FY22 Q2 FY21 Growth% Revenue from operations 11,007 8,055 36.6% Other Income 93 311 -70.2% Total Income 11,100 8,366 32.7% Raw Material and Beverage Cost 2,394 1,709 40.1% Gross Profit 8,613 6,346 35.7% Margins1 78.2% 78.8% Personnel Expense
Slide 18: Quarterly Consolidated Financials
14 Quarterly Consolidated Financials Particulars (Rs. mn) Q2 FY22 Q2 FY21 Growth% Revenue from operations 11,162 8,163 36.7% Other Income 95 314 -69.9% Total Income 11,256 8,477 32.8% Raw Material and Beverage Cost 2,427 1,737 39.8% Gross Profit 8,735 6,427 35.9% Margins1 78.3% 78.7% Personnel Expen
Slide 19: Key Focus Areas
15 KEY FOCUS AREAS Journey To A Food Tech Powerhouse From Recovery To Hyper-Growth Digital Innovation Digital and Dominant Grow Build New and Data Domino’s International Brand Value Focus Strengths Portfolio Process Productivity Partnerships Capability and Culture
Slide 20: About Jubilant Foodworks
16 About Jubilant Foodworks Limited*: Jubilant Foodworks Limited (JFL/Company) is part of Jubilant Bhartia group and is India’s largest foodservice Company. Its Domino’s Pizza franchise extends across a network of 1,435 restaurants in 307 cities. The Company has the exclusive rights to develop and o