taco jan 2016 investor presentation

8/20/2019 TACO Jan 2016 Investor Presentation

http://slidepdf.com/reader/full/taco-jan-2016-investor-presentation 1/33



2



3



•

•

•

4

•

•

•

•



(1) Based on unit count(2) Represents preliminary FY2015 sales data and unit counts as of December 29, 2015. Actual results for fiscal year 2015 are expected to be released in March 2016(3) Del Taco system-wide unit count as of December 29, 2015. Mexican QSR competitive unit counts / system-wide sales are from the Technomic Top 500 2015 report reflecting 2014 results

(1) Excludes one franchised restaurant in Guam.

5



6

•

•

•

•

••

•

•

(1) Source: The NPD Group/CREST, Q3, 2015.

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=FryUpmTxcEuXoM&tbnid=TLXGyuVrh47pmM:&ved=0CAUQjRw&url=http://logonoid.com/mcdonalds-logo/&ei=iq8nUoneAYnQsATdp4GgAg&bvm=bv.51773540,d.cWc&psig=AFQjCNHRDtTjppDM0FCsQ9OFP_9uO6wkxw&ust=1378418949738537

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=FryUpmTxcEuXoM&tbnid=TLXGyuVrh47pmM:&ved=0CAUQjRw&url=http://logonoid.com/mcdonalds-logo/&ei=iq8nUoneAYnQsATdp4GgAg&bvm=bv.51773540,d.cWc&psig=AFQjCNHRDtTjppDM0FCsQ9OFP_9uO6wkxw&ust=1378418949738537



Source: Company internal price survey of Southern California Taco Bell (n=20) and Chipotle (n=20) restaurants conducted in De cember 2015

Freshly grilled chicken, hand-slicedavocado, seasoned black beans,diced onions, and handmade pico degallo, served over fresca lime rice

Fire-grilled chicken, lettuce, guacamole,pico de gallo, avocado ranch dressing,cheddar cheese and cool sour cream, allserved with Latin rice and black beans

Freshly grilled chicken,choice of cilantro-lime rice,pinto or black beans, salsa,cheese and sour cream

Freshly grilled, marinated chicken,savory secret sauce, crisp lettuce,and freshly hand-grated cheddarcheese, in a warm flour tortilla

A warm, soft flour tortilla filledwith shredded chicken, toppedwith crisp lettuce and realcheddar cheese

Flour tortilla, choice ofcilantro-lime rice, pintoor black beans, grilledchicken, salsa and cheese

or sour cream

Fresh hand-sliced avocado, chickengrilled fresh in our restaurants,handmade pico de gallo salsa, salsacasera, fresca lime rice, and seasoned

black beans.

8



Source: Weighted QSR averagesame store sales per NPD Group Sales Track Report.

11


http://slidepdf.com/reader/full/taco-jan-2016-investor-presentation 13/3313Check Average Sources: Average check data is from public company fili ngs (JACK and FRGI as of most recent Form 10-K) and Wall Street research for CMG and Taco Bell.

(1) Preliminary and unaudited(2) During fiscal 2015 the AUV for the top 33% company – operated restaurants in the comparable store base was ≥$1.5M with an average AUV of $1.72 million

(3) 90% of these company restaurants had a fiscal 2015 restaurant contribution margin of 21% or higher. Restaurant contribution is defined as company restaurant sales less company restaurant expenses. Restaurant contribution margin is defined asrestaurant contribution as a percentage of company restaurant sales



Source: AUV and Restaurant Contribution %: Benchmark data is from the most recent public company fili ngs (Jack, Zoes, YUM, Popeyes, Bojangles, and Taco Cabana),Taco Bell and Popeye’s data was deri ved from their fiscal 2014 10-K forcompany-owned restaurants only(1) Restaurant contribution is defined as company restaurant sales l ess company restaurant expenses. Restaurant contribution margin is defined as restaurant contribution as a percentage of company restaurant sales

14



(1) Del Taco Internal Guest Experience Survey, Top Box Rating Average Score



(1) Del Taco Internal Attitudes & Usage Study, August 2015



•

•

•

•

•

•



24



25(1) Based on internal analysis and a study prepared by a leading national consulting firm.



26

(1) Restaurant contribution is defined as company restaurant sales less company restaurant expenses. Restaurant contribution margin is defined as restaurant contribution as a percentage of company restaurant sales(2) Restaurant contribution margin percentage for new restaurants trends lower than our mature base due to market rental rates



28



29



30



(1)



INGREDIENT % OF PURCHASE

Taco Meat

(1) All 2015 results disclosed in this presentation are based on preliminary fiscal 2015 results, are unaudited, have not been reviewed

taco jan 2016 investor presentation

Documents