PowerPoint Presentations2.q4cdn.com/143749831/files/doc_presentations/... · 5 (1) Based on unit...
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(1) Based on unit count(2) Represents FY2018 sales data and unit counts as of FY2018(3) Represents system-wide sales for fiscal 2018 and unit count as of January 1st, 2019. Mexican QSR competitive unit counts / system-wide sales are from the Technomic Top 500 2018 report reflecting 2017 results
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QUALITY
VA
LUE
/ A
FFO
RD
AB
ILIT
Y
(1)(1)
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0.1%
0.6%0.8%
2.4%
1.9%2.3%
2.6%
3.5%
2.6%
1.1% 1.2% 1.3%1.0%
1.6% 1.5%1.8%
0.7%
2.2%2.0%
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018
(1)
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19(1) Technomic Top 500 2018 report reflecting 2017 results (2) Represents FY2018 unit counts(3) Based on internal analysis and a study prepared by a leading national consulting firm.
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(1)
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5 6 812 13
6 65
8
12
0
5
10
15
20
25
21
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$40.0
$45.0
$50.0
$55.0
$60.0
$65.0
$70.0
$75.0
(3)
(3)
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17.2%
19.5%
16%
17%
18%
19%
20%
21%
22%
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
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(millions)
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FISCAL 2018 SALES BY CHANNEL
FISCAL 2018 TOP INGREDIENTS
FISCAL 2018 SALES BY DAY-PART BUCK & UNDER (1)
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Q3 YTD 2018 Q3 YTD 2017 2017 2016 2015 2014 2013 2012
Net income (loss) $13,313 $14,669 $49,871 $20,913 $4,757 $(9,255) $(6,539) $(8,222)
:
Provision (benefit) for income taxes 4,563 8,955 (15,824) 15,329 852 1,098 80 1,939
Interest expense 5,984 4,798 7,200 6,327 15,143 30,895 35,613 38,291
Depreciation and amortization 17,616 15,903 23,362 23,129 19,525 18,608 19,472 17,082
41,476 44,325 64,609 65,698 40,277 41,346 48,626 49,090
Stock-based compensation expense(a) 4,079 3,340 4,876 4,096 2,030 954 1,290 3,087
Loss (gain) on disposal of assets(b) 760 524 1,075 312 102 (151) 209 35
Impairment of long-lived assets(c) 1,661 -- -- -- -- 9,617 -- --
Restaurant closure charges, net(d) 635 (1) 191 435 2,109 82 298 716
Amortization of favorable and unfavorable lease assets and liabilities, net(e)
(602) (521) (809) (607) (361) 144 378 617
Debt modification costs(f) -- -- -- -- 217 1,241 4,178 --
Transaction-related costs(g) -- -- -- 731 20,227 1,936 -- --
Change in fair value of warrant liability(h) -- -- -- -- (35) 1,417 33 (2,634)
Pre-opening costs(i) 900 531 1,591 731 642 462 596 1,080
Insurance reserves adjustment(j) -- -- -- -- -- 1,800 -- --
Other income(k) (523) -- -- -- (220) -- -- --
$48,386 $48,198 $71,533 $71,396 $64,988 $58,848 $55,608 $51,991
Pro-rata Adjustment to 52 Weeks(l) -- -- -- (1,122) -- -- -- --
$48,386 $48,198 $71,533 $70,274 $64,988 $58,848 $55,608 $51,991
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a) Estimated contribution from the additional operating week during fiscal 2016.
(IN THOUSANDS)
Q3 YTD 2018
Q3 YTD 2017
2017 2016 2015 2014 2013 2012
Company restaurant sales $324,468 $311,542 $452,148 $434,064 $407,615 $380,800 $356,306 $345,590
Restaurant operating expenses 261,654 250,620 363,228 344,749 326,080 309,649 291,485 285,993
$62,814 $60,922 $88,920 $89,315 $81,535 $71,151 $64,821 $59,597
Pro-rata Adjustment to 52 Weeks(a) -- -- -- (1,354) -- -- -- --
$62,814 $60,922 $88,920 $87,961 $81,535 $71,151 $64,821 $59,597