Restaurant Brands Fourth Quarter Sales

8 March 2018 ASX/NZX Restaurant Brands' Full Year Sales Exceed $740 million, up 49% following Australian and Hawaiian Acquisitions Restaurant Brands' total sales for the 12 months ended 26 February 2018 were $740.8 million, up 49.0% on the prior year. Restaurant Brands' Chairman Ted van Arkel expressed the Board's satisfaction with this result which was a further milestone towards the company's $1 billion annual sales objective. New Zealand operations generated sales of $421.4 million, up 5.4% on a total basis and 5.6% on a same store basis. Australian KFC outlets produced sales of $151.8 million, up 56.2% on a total store basis, and 8.6% on a same store basis. Hawaiian operations generated sales of $167.5 million from the 82 stores acquired in March 2017. Restaurant Brands' total sales during the fourth quarter of the financial year (12 weeks ended 26 February 2018) were $181.3 million, an increase of 49.1% or $59.7 million on the equivalent period last year. The bulk of the quarterly increase ($39.4 million) came from the 37 Taco Bell and 45 Pizza Hut outlets in Hawaii, Guam and Saipan acquired in March 2017. A further $15.6 million came from newly acquired KFC stores in Australia with $4.7 million from New Zealand operations. Group same store sales for the quarter were up 5.1% with New Zealand operations up 4.5% and Australia up 6.8%. Total company store numbers were up by 102 on the equivalent period last year to 314, primarily from the 82 store Hawaiian acquisition and a further 18 KFC stores acquired in Australia. KFC New Zealand Full year sales for KFC New Zealand were $319.6 million, an increase of 7.8% on a total sales basis and up 6.2% on a same store basis. Fourth quarter sales for KFC New Zealand were $75.7 million, an increase of 7.1% on the equivalent period last year on a total sales basis and up 5.0% on a same store basis. Store numbers increased by one to 94 during the quarter with the opening of a new store at Christchurch Airport. Store numbers were two up on the same period last year. Pizza Hut New Zealand Full year sales for Restaurant Brands-owned Pizza Hut stores were $41.1 million, an increase of 1.5% on a total basis, and up 8.1% on a same store basis. Total fourth quarter sales for Restaurant Brands-owned Pizza Hut stores were $9.0 million, an increase of 0.2% on the equivalent period last year, because of sales of stores to independent franchisees in previous quarters. Same store sales for the quarter increased by 4.5%. Network total sales for the full year were $100.7 million, an increase of 10.0%. Network total sales for the quarter were $22.8m, an increase of 6.4%. Company owned store numbers increased by two during the quarter to 36, with the opening of new stores at Tamatea and Glenfield Mall. There are now 61 Pizza Huts operated by independent franchisees, bringing the total network to 97 stores. Starbucks Coffee Full year sales for Starbucks Coffee were $25.8 million, an increase of 6.3% on a same store basis. Starbucks Coffee total sales for the fourth quarter were $6.4 million, a 2.1% decrease on the equivalent period last year. Same store sales for the quarter were up 5.7%. Store numbers decreased by one to 22 with the closure of the Newmarket store due to the rebuilding of the mall, and two down on prior year. Carl's Jr. Full year sales for Carl's Jr. were $34.9 million, a decrease of 2.6% on a same store basis. Total sales for the fourth quarter were $8.0 million, down 2.5% following the closure of the Otahuhu store at the end of last year. On a same store basis sales were down by 0.4%. Store numbers remained constant at 19 during the year. KFC Australia Restaurant Brands started the year with 42 KFC stores in New South Wales, Australia. During the first quarter the company acquired five KFC stores from independent franchises. Three independent franchise and eight Yum! KFC stores were acquired in the third quarter along with one new store opening. During the fourth quarter an additional two Yum! KFC stores were acquired, bringing store numbers to 61. Full year sales for KFC Australia were $A139.5 million ($NZ151.8 million), an increase of 50.9% on a total store basis and 4.9% on a same store basis. The 61 stores contributed $A39.1 million ($NZ42.7 million) in total sales during the fourth quarter, up 2.4% on a same store basis. Taco Bell and 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 sales of $US119.8 million (NZ$167.5 million) for the 51 weeks since acquisition. Total sales for the fourth quarter were $US28.6 million ($NZ39.4 million). Of the 82 stores, the Taco Bell and Pizza Hut stores located at Pearl Harbour are temporarily closed due to ongoing infrastructure work on the base and are scheduled to reopen in April 2018. Full Year Result Restaurant Brands will be announcing its full year trading results on Tuesday 17 April. For further information please contact: Russel Creedy Grant Ellis CEO CFO/Company Secretary Phone: 525 8710 Phone: 525 8710 ENDS RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 4th Quarter (Q4) (for the 12 weeks 05/12/2017 to 26/02/18) 2017/18 ($000's) 2016/17 ($000's) Change Q4 2017/18 vs Q4 2016/17 Total Store Sales - KFC New Zealand 75,741 70,726 7.1% Total Store Sales - Pizza Hut New Zealand 8,991 8,977 0.2% Total Store Sales - Starbucks Coffee 6,416 6,555 -2.1% Total Store Sales - Carl's Jr. 8,039 8,248 -2.5% Total Store Sales - New Zealand 99,187 94,506 5.0% Total Store Sales - KFC Australia * 42,701 27,072 57.7% Total Store Sales - Taco Bell * 22,115 - - Total Store Sales - Pizza Hut Hawaii * 17,300 - - Total Store Sales - Hawaii * 39,415 - - Total Store Sales 181,303 121,578 49.1% Same Store Sales - KFC New Zealand 73,501 69,995 5.0% Same Store Sales - Pizza Hut New Zealand 8,690 8,313 4.5% Same Store Sales - Starbucks Coffee 6,340 5,999 5.7% Same Store Sales - Carl's Jr. 7,958 7,987 -0.4% Total Same Store Sales - New Zealand 96,489 92,293 4.5% Same Store Sales - KFC Australia * 28,824 26,993 6.8% 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 125,313 119,285 5.1% YTD 2017/18 vs YTD 2016/17 Total Store Sales - KFC New Zealand 319,597 296,466 7.8% Total Store Sales - Pizza Hut New Zealand 41,111 40,492 1.5% Total Store Sales - Starbucks Coffee 25,818 26,693 -3.3% Total Store Sales - Carl's Jr. 34,921 36,347 -3.9% Total Store Sales - New Zealand 421,447 399,998 5.4% Total Store Sales - KFC Australia * 151,844 97,181 56.2% Total Store Sales - Taco Bell * 95,487 - - Total Store Sales - Pizza Hut Hawaii * 71,997 - - Total Store Sales - Hawaii * 167,484 - - Total Store Sales 740,776 497,179 49.0% Same Store Sales - KFC New Zealand 313,387 294,997 6.2% Same Store Sales - Pizza Hut New Zealand 40,600 37,568 8.1% Same Store Sales - Starbucks Coffee 25,710 24,188 6.3% Same Store Sales - Carl's Jr. 34,487 35,398 -2.6% Total Same Store Sales - New Zealand 414,184 392,150 5.6% Same Store Sales - KFC Australia * 105,261 96,912 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 519,445 489,062 6.2% RESTAURANT BRANDS NEW ZEALAND LIMITED Quarterly Sales Report Summary of Results for the 4th Quarter (Q4) (for the 12 weeks 05/12/2017 to 26/02/18) 2017/18 ($000's) 2016/17 ($000's) Change NUMBER OF STORES OPEN AT QUARTER END KFC New Zealand 94 92 2 Pizza Hut New Zealand 36 35 1 Starbucks Coffee 22 24 -2 Carl's Jr. 19 19 - Total - New Zealand 171 170 1 Total - KFC Australia 61 42 19 Taco Bell 37 - 37 Pizza Hut Hawaii 45 - 45 Total - Hawaii 82 - 82 Total Stores 314 212 102 AUSTRALIAN SALES IN AUD Q4 2017/18 vs Q4 2016/17 Total Store Sales - KFC Australia 39,067 25,838 51.2% Same Store Sales - KFC Australia 26,371 25,762 2.4% YTD 2017/18 vs YTD 2016/17 Total Store Sales - KFC Australia 139,527 92,471 50.9% Same Store Sales - KFC Australia 96,722 92,214 4.9% HAWAIIAN SALES IN USD Q4 2017/18 vs Q4 2016/17 Total Store Sales - Taco Bell 16,048 - - Total Store Sales - Pizza Hut Hawaii 12,554 - - Total Store Sales - Hawaii 28,603 - - 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 68,295 - - Total Store Sales - Pizza Hut Hawaii 51,493 - - Total Store Sales - Hawaii 119,787 - - 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 Q4 0.915 0.954 -0.040 - Blended AUD:NZD rate for YTD 0.919 0.952 -0.033 - Blended USD:NZD rate for Q4 0.726 - - - Blended USD:NZD rate for YTD 0.715 - - End CA:00315261 For:RBD Type:MKTUPDTE Time:2018-03-08 08:51:45