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Company
Presentation
1Q2014
Presentation Results
May, 2014
1
Agenda
Company Overview
1Q2014 Key Financial Highlights
Business Update
2
Business Structure
Japanese restaurant: Yayoi
Registered Capital: 150 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”
3
International Restaurant
Thai Restaurant
Japanese Restaurant
Hot Pot Restaurant
Diversified Presence in Several Restaurant Segments
Our Restaurants
Leading Position in Hotpot and Japanese Restaurant Segments
an
Vietnam
Japan
Japan
an
Singapore
an
Indonesia
Other Restaurant
4
Restaurant Outlets in Thailand
Type of Business Restaurants Brand No. of Outlets Average Spending (THB)
Suki Restaurant MK 383 290
MK Gold
6 490
Japanese Restaurant Yayoi
117 230
Miyazaki
5 270
Hakata
3 210
Thai Restaurant Na Siam
1 250
Le Siam
3 490
Coffee Shop & Bakery
Le Petit
1 210
5
33 42 61 70 70 18
22
30 43 47
2010 2011 2012 Q3' 2013 1Q2014
Bangkok & Metropolitan area Provincial area
149 157 172 176 176
141 157 182 205 213
2010 2011 2012 2013 1Q2014
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 50
Yayoi 10
South
MK & MK Gold 47
Yayoi 7
East
MK & MK Gold 41
Yayoi 9
BKK & Greater BKK
MK & MK Gold 176
Yayoi 70
Central
MK & MK Gold 36
Yayoi 12
Branches
Japan
MK 32
Japan
an
MK 4
Vietnam
an
MK 2 / Yayoi 4
Singapore
an
MK 1
Indonesia
55%
45%
354 290 314
381
40%
60%
91
51 64
113
389
117
6
Agenda
Company Overview
1Q2014 Key Financial Highlights
Business Update
7
Gross Profit Margin
Gross Profit
Revenue Contribution
Revenues
Revenues Growth
In the 1st quarter of 2014, revenues grew 2% YoY due to the economic slowdown and the political impact
10,824
13,141 14,240
3,416 3,495
2011 2012 2013 1Q13 1Q14
+2% YoY
+8% YoY THB Million
7,046
8,748 9,342
2,273 2,236
2011 2012 2013 1Q13 1Q14
-2% YoY
66% 67% 67% 67% 66%
2011 2012 2013 1Q13 1Q14
+7% YoY THB Million
MK
82%
Others
4%
Yayoi
14%
8
Net Profit Margin
Net Profit
EBITDA & Net Profit
THB Million
EBITDA
THB Million
In the 1st quarter of year 2014, EBITDA & Net Profit were also dropped compared to the same period of last year
EBITDA Margin
-4% YoY
0% YoY
0% YoY
0% YoY
2,730
3,147 3,146
751 749
2011 2012 2013 1Q13 1Q14
1,618
2,031 2,039
486 468
2011 2012 2013 1Q13 1Q14
25% 24%
22% 22% 21%
2011 2012 2013 1Q13 1Q14
15% 15% 14% 14%
13%
2011 2012 2013 1Q13 1Q14
9
Same-Store Sales Growth
Negative Same-Store Sales Growth primarily due to the economic slowdown as well as political impact
14%
6%
-3%
2% -9%
2011 2012 2013 1Q13 1Q14
30%
15%
1% -4% -5%
2011 2012 2013 1Q13 1Q14
10
D/E Ratio
Liabilities & Shareholders’ Equity
Total Assets
Financial Position as at March 2014
THB Million THB Million 15,006
Current Ratio
Liquidity is at a comfortable level as well as strong capital base to support growth
4,943 4,804
10,063 10,207
31-Dec-13 31-Mar-14
Current Assets Non Current Assets
15,006 15,011
2,482 2,002
12,524 13,009
31-Dec-13 31-Mar-14
Total Liabilities Shareholders's Equity
15,011
0.20
0.15
31-Dec-13 31-Mar-14
2.17
2.68
31-Dec-13 31-Mar-14
11
Agenda
Company Overview
1Q2014 Key Financial Highlights
Business Update
12
Continued expansion strategy with shopping complexes, modern trade stores and community malls covering
nationwide
Outlet Expansion Plan
35
20
9
MK Yayoi Others
No. of New
Outlets 2014
13
Marketing Campaign – 1Q2014
Sound of Happiness (online campaign) Children’ Day Celebration United Hands Campaign with
Tesco Lotus
Chinese New Year’s MK Duck Festival
14
Start operation in March 2014
Status Update - New Central Kitchen