2 nd Quarter 2011 Results Presentation 12 th August 2011

Transcription

1 2 nd Quarter 2011 Results Presentation 12 th August 2011

2 Outline Financial Review Business Review Going Forward 2

3 Financial Review 3

4 P & L Highlights $m 2Q Q /- % 1H H /- % Revenue Operating Profit Profit Before Tax (0.8) Net Profit EPS (fully diluted) 0.98cts 0.82cts cts 1.09cts

5 Revenue Trend 5

6 Revenue Mix by Activity 6

7 Revenue Mix by Geography 7

8 Sequential Growth 8

9 Margins 9

10 Net Profit Trend 10

11 Balance Sheet Highlights ($ 000) 30 Jun Dec 2010 Current Assets 105, ,879 Current Liabilities 109, ,254 Non-Current Assets 95,264 97,318 Non-Current Liabilities 15,419 10,860 Total Equity 76,320 75,083 Gross Gearing Net Gearing Net cash Net cash 11

12 Cash Flow Highlights $ 000 2Q Q 2010 Cash flows from operating activities 10,026 12,019 Cash flows used in investing activities (8,365) (8,970) Cash flows from/(used in) financing activities 1,467 (867) Net increase in cash and cash equivalents 3,128 2,182 Cash and cash equivalents at beginning of financial period 64,779 49,409 Cash and cash equivalents at end of financial period 67,907 51,591 12

13 Business Review 13

14 Bakery Division 14

15 Bakery Owned & Operated Contributed 45.7% to 2Q 2011 revenue Added 7 outlets in 1H 2011 No. of Outlets 30 Jun Dec Jun 2010 Singapore PRC Hong Kong Malaysia Thailand Total

16 Bakery Franchise Contributed 6.0% to 2Q 2011 revenue Added 24 outlets in 1H 2011 Franchised outlets 30 Jun Dec Jun 2010 Indonesia Philippines Kuwait Oman Bahrain India Korea Vietnam PRC Total

17 Bakery / Franchise Bakery revenue +24.6% in 1H 2011 Higher revenue from PRC bakery operations Operating Profit +27.6% in 1H 2011 Higher profit from franchise division Higher profit from PRC bakery unit Smaller loss from bakery unit in Malaysia Closure of 2 loss-making outlets in 2010 Closure of 2 non-performing Hong Kong bakery units in 1Q

18 Restaurants Division Din Tai Fung has received international accolades the Michelin Star and Top Ten Best Ranking accolades 18

19 RamenPlay- Authentic Japanese Ramen Premium burgers at Carl s Jr. 19

20 Restaurants Contributed 21.4% to 2Q 2011 revenue Added 1 outlet in 1H Jun Dec Jun 2010 Din Tai Fung Carl s Junior Ramen Play Total

21 Restaurants Restaurant revenue +43.2% in 1H 2011 Higher revenue from PRC operations Operating Profit -32.2% in 1H 2011 Lower profit from Din Tai Fung in Singapore Higher cost of sales and operating expenses and under-performance of certain outlets Star-up cost incurred by first Din Tai Fung restaurant in Bangkok Underperformance of Ramen Play outlets in Singapore 21

22 Food Atrium Division Food Republic - Creatively serving drinks with the world s 1 st Ice-Mobile Elevating dining to a premium level 22

23 Food Republic Contributed 26.9% to 2Q 2011 revenue No additional outlet in 1H 2011 No. of Food Courts 30 Jun Dec Jun 2010 PRC Hong Kong Singapore Malaysia Total

24 Food Courts Food court revenue +6.8% in 1H 2011 Higher revenue from Singapore and Hong Kong operations Operating Profit +5.3% in 1H 2011 Higher profit from Singapore and Hong Kong food courts cushioned: Operating loss from PRC food courts Start-up losses from Guaungzhou and Taiwan 24

25 Going Forward 25

26 Marking our entry into Asia s best retail locations Marina Bay Sands Marina Bay Financial Centre Resorts World Sentosa 26

27 Guangzhou - 广州太古汇 Bangkok - Central World Mall 27

28 Yongli Beijing Indigo 28

29 Tianjin Joy City 29

30 台灣 - 台中遠東百貨大樓 台灣 - 台北中本購物中心大樓 30

31 Thailand Rama 9 31

32 Mega Bangna Thailand 32

33 Katong Mall Jointly developing S pore s premium mall in the East with Perennial Trust 33 33

34 Jurong Gateway 34

35 Outlook Thailand - an additional growth engine in South-east Asia Food inflation Integrate supply chain e.g. frozen dough JV in Shanghai Develop strategic suppliers Align procurement and bulk source globally Eye on margins Cost containment Improvement in operation metrics 35

36 Thank you 36