MK Restaurant Group PCL (M) 4Q2015 Presentation Results March 2016 - - PowerPoint PPT Presentation

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MK Restaurant Group PCL (M) 4Q2015 Presentation Results March 2016 - - PowerPoint PPT Presentation

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Company Presentation MK Restaurant Group PCL (M) 4Q2015 Presentation Results March 2016 Strictly Confidential Agenda Company Overview 4Q2015 Key Financial Highlights Business Update 1 Business Structure MK Restaurant Group Plc.

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4Q2015 Presentation Results March 2016

MK Restaurant Group PCL (“M”)

Company Presentation Strictly Confidential

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1

Agenda

Company Overview 4Q2015 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”

Food manufacturer & Distributor

Registered Capital: 100 MB

International Food Supply Co.,Ltd. “IFS” 100%

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3

Restaurant Outlets in Thailand

Type of Business Restaurants Brand

  • No. of Outlets

Average Spending (THB) Suki Restaurant MK 413 300 MK Gold 6 520 Japanese Restaurant Yayoi 140 240 Miyazaki 22 280 Hakata 3 200 Thai Restaurant Na Siam 1 270 Le Siam 4 590 Coffee Shop & Bakery Le Petit 3 160

Remark: Data as of Dec 2015

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Leader in chained restaurant industry with nationwide branches coverage

Dominant Position in Chained Restaurant Industry

42 61 70 79 89 22 30 43 50 51 2011 2012 2013 2014 2015

Bangkok & Metropolitan area Provincial area

157 172 176 189 197 157 182 205 218 222 2011 2012 2013 2014 2015

Bangkok & Metropolitan area Provincial area

Extensive Coverage Nationwide

North MK & MK Gold 22 Yayoi 5 West MK & MK Gold 18 Yayoi 4 North East MK & MK Gold 52 Yayoi 12 South MK & MK Gold 47 Yayoi 7 East MK & MK Gold 46 Yayoi 12 BKK & Greater BKK MK & MK Gold 197 Yayoi 89 Central MK & MK Gold 37 Yayoi 11

Branches

Japan

MK 30

Japan

an

MK 4

Vietnam

an

MK 2 / Yayoi 6

Singapore

53% 47%

354 419 314 381

36% 64%

91 64 113

407

129 140

an

MK 1 / Miyazaki 1

Lao PDR

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5

  • 9%
  • 6%
  • 1%

1% 0%

  • 4%
  • 12%
  • 8%

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15

Same-Store Sales Growth

Negative Same-Store Sales Growth primarily due to the economic slowdown

  • 5%
  • 8%
  • 10%

7% 3% 3%

  • 3%
  • 8%

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15

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Agenda

Company Overview 4Q2015 Key Financial Highlights Business Update

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Total Revenues and Net Profit

%YoY Growth 2010 2011 2012 2013 2014 2015 Total Revenues 13% 19% 21% 8% 6% 0% Net Profit 26% 32% 25% 0% 0%

  • 9%

9,078 10,824 13,141 14,139 14,957 14,923

1,234 1,625 2,031 2,039 2,042 1,856 2010 2011 2012 2013 2014 2015 Total Revenues Net Profit

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8 Gross Profit Revenue Contribution Revenues from Sales and Services

Revenues Growth

In 2015, revenues from sales & services were almost flat compared to the prior year due largely to the weak of purchasing power of consumers and severe competition in restaurant business.

MK 82%

THB Million THB Million

MK 82% Yayoi 16% Others 2% 0% YoY 3,342 3,643 3,708 3,799 3,585 3,749 3,481 3,665 14,492 14,478

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 2014 2015

  • 4% YoY

2,212 2,350 2,419 2,526 2,367 2,471 2,261 2,435 9,507 9,534 66.2% 64.5% 65.2% 66.5% 66.0% 65.9% 65.0% 66.5% 65.6% 65.9%

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

  • 2,000

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

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 2014 2015

0% YoY

  • 4% YoY
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9 SG&A

In 2015, SG&A increased 3% compared to the prior year primarily due to the increase of fixed expenses such as rent, depreciation and amortization.

SG&A Expenses

2015 SG&A Expenses Breakdown

THB Million

1,750 1,962 1,876 1,839 1,880 1,942 1,908 1,929 7,428 7,660 51% 52% 49% 47% 51% 50% 53% 51% 50% 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

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 2014 2015

+3% YoY Personel, 52% Rental, 18% Utilities, 8% Others, 22% +5% YoY

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10 Net Profit

THB Million

EBITDA

In 2015, EBITDA & Net Profit dropped 5% and 9% YoY respectively compared to the previous year

THB Million

EBITDA & Net Profit

747 689 847 1,008 800 847 664 829 3,290 3,139 22% 18% 22% 26% 22% 22% 19% 22% 22% 21%

0% 5% 10% 15% 20% 25%

  • 1,000

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

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 2014 2015

  • 18% YoY
  • 5% YoY

468 403 522 650 480 516 365 495 2,042 1,856 13.5% 10.7% 13.7% 16.6% 13.0% 13.4% 10.2% 13.1% 13.7% 12.4%

0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0%

  • 500

1,000 1,500 2,000 2,500 3,000 3,500 4,000

1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 2014 2015

  • 9% YoY
  • 24% 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 2,124 12,681 12,998 0.17 0.16

  • 0.05

0.10 0.15

  • 5,000

10,000 15,000 20,000

31-Dec-14 31-Dec-15

Total Liabilities Shareholders's Equity D/E

4.7 5.2 31-Dec-14 31-Dec-15 13.7% 12.4% 31-Dec-14 31-Dec-15 16.2% 14.5% 31-Dec-14 31-Dec-15

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Agenda

Company Overview 4Q2015 Key Financial Highlights Business Update

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Notable Events in 2015

  • March 26, 2015
  • March 27, 2015
  • June 17, 2015
  • August 11, 2015
  • November 27, 2015
  • December 16, 2015
  • December 24, 2015

Master Franchise Agreement Signing Ceremony between MK Restaurant Group Public Company Limited and Premium Food Company Limited (Lao PDR) Launched Community Food Mall “London Street” including 5 brands: MK, Yayoi, Miyazaki, Le Siam & Le Petit Awarded “Best Public Company of the Year 2015” – Agriculture and Food Industry from “Money & Banking Magazine” Set up “International Food Supply Co.,Ltd.” with registered share capital of Baht 100 million being engaged in the manufacture and distribution of food. Awarded “ASEAN Excellent Enterprise & Businessman” and “ASEAN Admired Brand” from Vietnam Quality Association of Ho Chi Minh City. Opened the first MK Restaurant and Miyazaki Teppanyaki in Vientiane, Laos. Opened the fourth MK Restaurant in Vietnam.

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

Outlet Expansion Plan

Plan

  • No. of New

Outlets in 2016

  • No. of New
  • utlets opened

in 2015 4 3 5 3 1 1 4 4 4 5 4 3 MK Yayoi Others 1Q15 2Q15 3Q15 4Q15 20 25 5 MK Yayoi Others Total 41 branches

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2015 Marketing Campaign – MK Suki

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2015 Marketing Campaign – MK Suki

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2015 Marketing Campaign – Yayoi

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2015 Marketing Campaign – Yayoi

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