Jack In The Box Inc. · NASDAQ:JACK
Jack In The Box — ICR Conference 2024
12 slides from Jack In The Box's conference presentation, Jan 9, 2024
Slide 1: January 9, 2024
January 9, 2024 Darin Harris Brian Scott Chief Executive Officer Chief Financial Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “goals,” “guidance,” “intend,” “plan,” “project
Slide 3: 2023 Highlights & Investor Day Preview
2023 Highlights & Investor Day Preview Best Burger in QSR: Smashed Jack is Here! Del Taco Synergies & Refranchising 2024 CapEx: Investing to Compete and Win Fireside Q&A w/ Lauren Silberman, Deutsche Bank 3
Slide 4: Jack in the Box and Del Taco: Two Iconic Brands
2 in the box: 2 20 Jack in the Box 9 restaurants in 23 states SINCE 2021... signed 90 development agreements for a total of 389 restaurant commitments! 70+ YEAR HISTORY JACK IN THE BOX IS 93% FRANCHISED Leader in Late Night & 24/7 innovative menu served ALL DAY, EVERY DAY JACK (NASDAQ) NEARLY $6 BIL
Slide 5: 2023 Highlights
• Jack at 90 development agreements for 389 restaurants, including entry into Mexico in 2024 and Florida in 2025 – Del Taco at 138 restaurant commitments (109 from refranchising) • Robust same store sales growth in FY 2023 – +7.8 at Jack in the Box – +1.7% at Del Taco • Jack opened with record-setti
Slide 6: Investor Day: Time for Jack to Break out of the Box
• Update on growth initiatives, operations execution and CRAVED marketing strategies at Jack and Del • Details on restaurant growth, economic model, pricing discipline and our new market playbook • Improving restaurant margins and profitability for both brands • Provide keys to creating shareholder
Slide 7: We Have Soft-Launched the Best Burger in QSR
WE HAVE SOFT-LAUNCHED THE BEST BURGER IN QSR! Ittastes great foe the combe 01s git ling andfeets ke a sitdown restaurant quality burger. ‘The patty Is quitethiek compared to fast food paties. RATED BEST BURGER IN FAST FOO! NecrerarrI, BURGER CAN CLAIM >50% OF CONSUMERS AGREE THE SMASHED JACK SMASHED
Slide 8: Del Taco Acquisition Synergies
• On track to exceed targeted acquisition synergies FY 23 FY24 $ in Millions Actual Plan • Key synergies realized: Restaurant Level Margin $2 $8 • Supply chain/purchasing optimization • Reduction of redundant headcount G&A Savings $7 $12 • Elimination of Del Taco public company and other duplicate o
Slide 9: Del Taco Refranchising
• Continued strong interest/demand from current and new franchisees • An asset-light model offers more predictable cash flow, higher margins and lower maintenance capital • Targeting 1:1 ratio of development commitments to restaurants sold (109 development agreements in 2023) • Intending to use afte
Slide 10: 2024 CapEx: Investing to Compete and Win
Capex increased in FY 2024 to support: FY24 Investments Spend Highlights • New Restaurant Growth • Digital, mobile and analytics Company-Owned Approx. 8-10 new company restaurants in FY'24 ~$30 Restaurants Initial build cost for restaurants openings in FY'25 • Company-owned POS rollout • Ops efficie
Slide 11: Q&A with Lauren
Q&A W/ LAUREN!
Slide 12: Investor Relations
Investor Relations: [email protected] Chris Brandon, VP of IR 619.902.0269