Restaurant Brands First Quarter Sales

1 June 2017 NZX Restaurant Brands' First Quarter Sales up 67% following Australian and Hawaiian Acquisitions Restaurant Brands' total sales during the first quarter of the financial year (12 weeks ended 22 May 2017) were $161.2 million, an increase of 66.9% or $64.6 million on the equivalent period last year. New Zealand operations generated sales of $94.8 million, up 7.1%, with an additional $21.6 million from the 47 KFC outlets in Australia (majority acquired in April 2016), and $36.7 million from the 37 Taco Bell and 45 Pizza Hut outlets in Hawaii, Guam and Saipan (acquired in March 2017). Group same store sales for the quarter were up 7.2% with KFC New Zealand up 7.1%, Pizza Hut New Zealand up 11.3%, Starbucks Coffee up 9.8%, Carl's Jr. slightly down at -0.3% and KFC Australia up 8.6%. Total company store numbers were up by 83 on the equivalent period last year to 298 mainly because of the Hawaiian acquisition of 82 stores and the purchase of an additional five Australian KFC outlets in March 2017. KFC New Zealand For the first quarter sales for KFC New Zealand were $70.9 million, an increase of 8.4% on the equivalent period last year on a total store basis and up 7.1% on a same store basis for this quarter. Store numbers remained steady at 92 during the quarter. Pizza Hut New Zealand Total first quarter sales for Restaurant Brands-owned Pizza Hut stores were $9.7 million, an increase of 5.1% on the equivalent period last year. Same store sales for the quarter increased by 11.3%. Company owned stores reduced by one during the quarter to 34 versus 35 in the prior quarter with one Pizza Hut store sold to an independent franchisee. There are now 59 Pizza Hut stores operated by independent franchisees, bringing the total network to 93 stores. Starbucks Coffee Starbucks Coffee total sales for the first quarter were $6.1 million, a 2.3% increase on the equivalent period last year. Same store sales for the quarter were up 9.8%. There were 24 stores trading at the end of the quarter. Carl's Jr. Total sales for the first quarter were $8.1 million, up 2.0% on the equivalent period last year, and slightly down on a same store basis by -0.3% due to strong sales in the equivalent period last year following two new store openings in Christchurch. Store numbers remained constant at 19 during the quarter. KFC Australia On 27 April 2016 Restaurant Brands acquired 42 KFC stores in New South Wales, Australia. During the first quarter the company acquired another 5 independent KFC franchise stores. The 47 acquired stores contributed AUD$27.6 million (NZD$29.7 million) in total sales during the quarter. Same stores increased 7.7% (in AUD) over the equivalent 26 days last year that Restaurant Brands owned the Australian KFC outlets. Taco Bell / Pizza Hut Hawaii On 7 March 2017 Restaurant Brands acquired 37 Taco Bell and 45 Pizza Hut stores in Hawaii, Guam and Saipan. The 82 acquired stores contributed USD$25.7 million (NZD$36.7 million) in total sales in the eleven weeks since acquisition. For further information please contact: Russel Creedy Grant Ellis CEO CFO/Company Secretary Phone: 525 8700 Phone: 525 8700 ENDS RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 1st Quarter (Q1) (for the 12 weeks 28/02/2017 to 22/05/2017) 2017/18 ($000's) 2016/17 ($000's) % change Q1 2017/18 vs Q1 2016/17 Total Store Sales - KFC New Zealand 70,883 65,378 8.4% Total Store Sales - Pizza Hut New Zealand 9,698 9,230 5.1% Total Store Sales - Starbucks Coffee 6,117 5,977 2.3% Total Store Sales - Carl's Jr. 8,106 7,948 2.0% Total Store Sales - New Zealand 94,803 88,533 7.1% Total Store Sales - KFC Australia * 29,701 8,092 267.0% Total Store Sales - Taco Bell * 20,954 - - Total Store Sales - Pizza Hut Hawaii * 15,768 - - Total Store Sales - Hawaii * 36,723 - - Total Store Sales 161,227 96,625 66.9% Same Store Sales - KFC New Zealand 69,844 65,216 7.1% Same Store Sales - Pizza Hut 9,635 8,655 11.3% Same Store Sales - Starbucks Coffee 6,087 5,544 9.8% Same Store Sales - Carl's Jr. 7,754 7,779 -0.3% Total Same Store Sales - New Zealand 93,320 87,194 7.0% Same Store Sales - KFC Australia * 8,698 8,009 8.6% Same Store Sales - Taco Bell * N/A - - Same Store Sales - Pizza Hut Hawaii * N/A - - Total Same Store Sales - Hawaii * N/A - - Total Same Store Sales 102,018 95,203 7.2% YTD 2017/18 vs YTD 2016/17 Total Store Sales - KFC New Zealand 70,883 65,378 8.4% Total Store Sales - Pizza Hut 9,698 9,230 5.1% Total Store Sales - Starbucks Coffee 6,117 5,977 2.3% Total Store Sales - Carl's Jr. 8,106 7,948 2.0% Total Store Sales - New Zealand 94,803 88,533 7.1% Total Store Sales - KFC Australia * 29,701 8,092 267.0% Total Store Sales - Taco Bell * 20,954 - - Total Store Sales - Pizza Hut Hawaii * 15,768 - - Total Store Sales - Hawaii * 36,723 - - Total Store Sales 161,227 96,625 66.9% Same Store Sales - KFC New Zealand 69,844 65,216 7.1% Same Store Sales - Pizza Hut 9,635 8,655 11.3% Same Store Sales - Starbucks Coffee 6,087 5,544 9.8% Same Store Sales - Carl's Jr. 7,754 7,779 -0.3% Total Same Store Sales - New Zealand 93,320 87,194 7.0% Same Store Sales - KFC Australia * 8,698 8,009 8.6% Same Store Sales - Taco Bell * N/A - - Same Store Sales - Pizza Hut Hawaii * N/A - - Total Same Store Sales - Hawaii * N/A - - Total Same Store Sales 102,018 95,203 7.2% RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 1st Quarter (Q1) (for the 12 weeks 28/02/2017 to 22/05/2017) 2017/18 ($000's) 2016/17 ($000's) % change NUMBER OF STORES OPEN AT QUARTER END KFC New Zealand 92 91 1 Pizza Hut 34 37 -3 Starbucks Coffee 24 25 -1 Carl's Jr. 19 20 -1 Total - New Zealand 169 173 -4 Total - KFC Australia 47 42 5 Taco Bell 37 - 37 Pizza Hut Hawaii 45 - 45 Total - Hawaii 82 - 82 Total Stores 298 215 83 AUSTRALIAN SALES IN AUD Q1 2017/18 vs Q1 2016/17 Total Store Sales - KFC Australia 27,550 7,572 263.8% Same Store Sales - KFC Australia 8,068 7,494 7.7% YTD 2017/18 vs YTD 2016/17 Total Store Sales - KFC Australia 27,550 7,572 263.8% Same Store Sales - KFC Australia 8,068 7,494 7.7% HAWAIIAN SALES IN USD Q1 2017/18 vs Q1 2016/17 Total Store Sales - Taco Bell 14,686 - - Total Store Sales - Pizza Hut Hawaii 11,051 - - Total Store Sales - Hawaii 25,736 - - Same Store Sales - Taco Bell N/A - - Same Store Sales - Pizza Hut Hawaii N/A - - Total Same Store Sales - Hawaii N/A - - YTD 2017/18 vs YTD 2016/17 Total Store Sales - Taco Bell 14,686 - - Total Store Sales - Pizza Hut Hawaii 11,051 - - Total Store Sales - Hawaii 25,736 - - Same Store Sales - Taco Bell N/A - - Same Store Sales - Pizza Hut Hawaii N/A - - Same Store Sales - Hawaii N/A - - Some Sales numbers for each of the concepts may not aggregate in total due to rounding. * Note: - Blended AUD:NZD rate for Q1 0.928 0.936 -0.008 - Blended AUD:NZD rate for YTD 0.928 0.936 -0.008 - Blended USD:NZD rate for Q1 0.701 - - - Blended USD:NZD rate for YTD 0.701 - - End CA:00302027 For:RBD Type:MKTUPDTE Time:2017-06-01 09:34:02