Krispy Kreme, Inc. · NASDAQ:DNUT
Krispy Kreme — Q3 2021 Earnings Presentation
10 slides from Krispy Kreme's earnings presentation, November 2021
Slide 1: Third Quarter 2021 Earnings
THIRD QUARTER 2021 EARNINGS November 2021
Slide 2: Disclosures
DISCLOSURES Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. The words “anticipate,” “target,” or similar words, or the negative of these words, identify forward-looking statements. Such forward-looking s
Slide 3: 3Q21 Earnings Highlights
3Q21 EARNINGS HIGHLIGHTS Our third quarter results demonstrate the benefits of our omni-channel and global expansion strategy, which allows us to meet consumer demand with premium, fresh doughnuts, in a capital efficient manner. — Mike Tattersfield, CEO #1 Most KEY PERFORMANCE METRICS Loved Sweet To
Slide 4: Ubiquitously loved around the world
GLOBALLY BELOVED BRAND WITH SIGNIFICANT GROWTH OPPORTUNITIES 31 94% 30% Countries Global brand YTD 2021 sales generated served awareness1 outside the U.S. & Canada Singapore Canada Ubiquitously loved around the world 165 <5% New York City white space countries with Less than 5% of the world is a Jap
Slide 5: Krispy Kreme has been transformed into a world class business by taking back control of the brand experience
KRISPY KREME HAS BEEN TRANSFORMED INTO A WORLD CLASS BUSINESS BY TAKING BACK CONTROL OF THE BRAND EXPERIENCE Old Krispy Kreme Krispy Kreme Today Go to Market Retail and Omni-channel and Approach Legacy Wholesale Fresh Points of Access Discounted Long Shelf-life Doughnuts; Fresh Daily Growth Model Co
Slide 6: Omni-channel model to drive growth by increasing access and convenience
OMNI-CHANNEL MODEL TO DRIVE GROWTH BY INCREASING ACCESS AND CONVENIENCE Hot Light Theater Shops Fresh Shops (Capital-Light Fresh Retail) Limited number of experiential shops Access via high traffic & convenience retail with high brand impact locations Ecommerce and Delivery Fresh doughnuts for picku
Slide 7: Krispy Kreme's hub & spoke operating model drives efficiencies and increased availability of fresh doughnuts
KRISPY KREME’S HUB & SPOKE OPERATING MODEL DRIVES EFFICIENCIES AND INCREASED AVAILABILITY OF FRESH DOUGHNUTS Strategy is to maximize doughnut capacity at production hubs by adding fresh points of access outside the doughnut shop Increases availability of fresh doughnuts in convenient locations Ensur
Slide 8: Hub & spoke model more mature in International segment; US & Canada transformation underway
HUB & SPOKE MODEL MORE MATURE IN INTERNATIONAL SEGMENT US & CANADA TRANSFORMATION NOW WELL UNDERWAY MORE SALES MADE OUTSIDE THE SHOP INCREASES “SALES PER HUB” AND ADJUSTED EBITDA MARGIN FOLLOWS International Segment U.S. & Canada Segment YTD EBITDA YTD EBITDA MARGIN 25% MARGIN 11% Outside Outside 45
Slide 9: Financial outlook consistent with the exceptional opportunity ahead
FINANCIAL OUTLOOK CONSISTENT WITH THE EXCEPTIONAL OPPORTUNITY AHEAD Full Year 2021 Net Revenue of $1.34 billion to $1.38 billion (growth of 19.4% to 23.0%) Organic Revenue growth of 10% to 12% Adjusted EBITDA of $178 million to $185 million (growth of 22.4% to 27.2%) Adjusted Net Income of $62 milli
Slide 10: Our purpose is to enhance lives
aoe ee oan ee sre ge Oe ei sete reeset loreal Pica 88 pee ee oeower”® yee e °° Senet er: & oe. wie’ * eT dea a our purpose Is... ics rae 4 ENHANCE LIVES THAT IS KRISPY KREME we aspire to be... THE MOST SWEET T BRAND IN THE WORLD