MK Restaurant Group PCL (M) 1Q2015 Presentation Results May 2015 - - PowerPoint PPT Presentation

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MK Restaurant Group PCL (M) 1Q2015 Presentation Results May 2015 - - PowerPoint PPT Presentation

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Company Presentation MK Restaurant Group PCL (M) 1Q2015 Presentation Results May 2015 Strictly Confidential Agenda Company Overview 1Q2015 Key Financial Highlights Business Update 1 Business Structure MK Restaurant Group Plc. M

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1Q2015 Presentation Results May 2015

MK Restaurant Group PCL (“M”)

Company Presentation Strictly Confidential

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1

Agenda

Company Overview 1Q2015 Key Financial Highlights Business Update

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2

Business Structure

 Japanese restaurant: Yayoi  Registered Capital: 400 MB  Training services for MK

group

 Registered Capital: 35 MB  Restaurants in Singapore  Registered Capital:

SGD12.5 Million (~ 320 MB)

 MK Restaurants in Japan  Registered Capital: JPY250

Million (~80 MB) 12% MK Interfoods Co.,Ltd. “MKI” MK Services Training Center Co.,Ltd. “MKST” Plenus & MK Pte.Ltd. “Plenus & MK”

(Joint Venture)

Plenus MK Co.,Ltd. “Plenus MK”

(Joint Venture)

50% 100% 100%

Suki restaurant : MK Suki, MK Gold

Thai restaurant : Na Siam, Le Siam

Japanese restaurant : Hakata, Miyazaki

Coffee shop & Bakery : Le Petit

Franchise

MK Restaurant Group Plc. “M”

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3

Restaurant Outlets in Thailand

Type of Business Restaurants Brand

  • No. of Outlets

Average Spending (THB) Suki Restaurant MK 404 290 MK Gold 6 500 Japanese Restaurant Yayoi 131 240 Miyazaki 16 310 Hakata 3 220 Thai Restaurant Na Siam 1 260 Le Siam 4 580 Coffee Shop & Bakery Le Petit 2 230

Remark: Data as of Mar 2015

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42 61 70 79 82 22 30 43 50 49 2011 2012 2013 2014 1Q2015

Bangkok & Metropolitan area Provincial area

157 172 176 189 192 157 182 205 218 218 2011 2012 2013 2014 1Q2015

Bangkok & Metropolitan area Provincial area

Leader in chained restaurant industry with nationwide branches coverage

Dominant Position in Chained Restaurant Industry

Extensive Coverage Nationwide

North MK & MK Gold 22 Yayoi 5 West MK & MK Gold 17 Yayoi 4 North East MK & MK Gold 51 Yayoi 11 South MK & MK Gold 47 Yayoi 7 East MK & MK Gold 44 Yayoi 11 BKK & Greater BKK MK & MK Gold 192 Yayoi 82 Central MK & MK Gold 37 Yayoi 11

Branches

Japan

MK 31

Japan

an

MK 3

Vietnam

an

MK 2 / Yayoi 6

Singapore

53% 47%

354 410 314 381

37% 63%

91 64 113

407

129

Remark: Data as of Dec 2014

131

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5

6%

  • 3%
  • 4%

0% 2012 2013 2014 1Q15

Same-Store Sales Growth

Negative Same-Store Sales Growth primarily due to the economic slowdown as well as political impact

15% 1%

  • 4%

2% 2012 2013 2014 1Q15

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6

Agenda

Company Overview 1Q2015 Key Financial Highlights Business Update

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Total Revenues and Net Profit

%YoY Growth 2010 2011 2012 2013 2014 1Q15 Total Revenues 13% 19% 21% 8% 6% 7% Net Profit 26% 32% 25% 0% 0% 3% 9,078 10,824 13,141 14,139 14,957 3,463 3,701 1,234 1,625 2,031 2,039 2,042 468 480

  • 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 2010 2011 2012 2013 2014 1Q14 1Q15 Total Revenues Net Profit

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8 Gross Profit Revenue Contribution Revenues from Sales and Services

Revenues Growth

In 1Q2015, revenues from sales & services grew 7% YoY due largely to the branch expansion

THB Million THB Million

MK 82% Yayoi 16% Others 2% +3% YoY 12,987 13,868 14,492 3,342 3,585

2012 2013 2014 1Q14 1Q15

+7% YoY +4% YoY 8,748 9,268 9,507 2,212 2,367 67% 67% 66% 66% 66%

0% 10% 20% 30% 40% 50% 60% 70%

  • 2,000

4,000 6,000 8,000 10,000 12,000 14,000

2012 2013 2014 1Q14 1Q15

+7% YoY

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9 SG&A

In 1Q2015, SG&A increased 7% compared to the previous year primarily due to the rise of rental cost and the provision expenses for Employee Stock Option Program

SG&A Expenses

1Q2015 SG&A Expenses Breakdown

THB Million

6,273 6,985 7,428 1,750 1,880 48% 49% 50% 51% 51%

0% 10% 20% 30% 40% 50%

  • 1,000

2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000

2012 2013 2014 1Q14 1Q15

Personel, 52% Rental, 19% Utilities, 8% Others, 22% +7% YoY +6% YoY

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10 Net Profit

THB Million

EBITDA

In 1Q2015, EBITDA grew 7% YoY while Net Profit grew 3%YoY compared to the previous year

THB Million

EBITDA & Net Profit

3,147 3,143 3,290 747 800 24% 22% 22% 22% 22%

0% 5% 10% 15% 20%

  • 1,000

2,000 3,000 4,000 5,000

2012 2013 2014 1Q14 1Q15

+7% YoY 5% YoY 2,031 2,039 2,042 468 480 15.5% 14.4% 13.7% 13.5% 13.0%

0.0% 5.0% 10.0% 15.0%

  • 500

1,000 1,500 2,000 2,500 3,000 3,500

2012 2013 2014 1Q14 1Q15

0% YoY 3% YoY

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11 Current Ratio D/E Ratio

Financial Ratio

Liquidity is at a comfortable level as well as strong capital base to support growth

ROA (%) ROE (%)

2,198 1,986 12,681 13,196 0.17 0.15

  • 0.05

0.10 0.15

  • 5,000

10,000 15,000 20,000

31-Dec-14 31-Mar-15

Total Liabilities Shareholders's Equity D/E

4.7 5.5 31-Dec-14 31-Mar-15 13.7% 13.6% 31-Dec-14 31-Mar-15 16.2% 15.7% 31-Dec-14 31-Mar-15

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Agenda

Company Overview 1Q2015 Key Financial Highlights Business Update

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13

Continued expansion strategy with shopping complexes, modern trade stores and community malls covering nationwide

Outlet Expansion Plan

Plan

  • No. of New

Outlets in 2015

  • No. of New
  • utlets opened

in 1Q2015 4 3 5 MK Yayoi Others 30 20 12 MK Yayoi Others

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Launched London Street project in March, 2015

London Street Project

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MK Line Sticker

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Marketing Campaign – MK MK Double Kum MK Children Day MK Valentines Day

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Marketing Campaign – Yayoi Promotion

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