Collins Foods (CKF) AGM 2024 Presentation summary

Financial performance and growth

• Achieved record revenue of $1,488.9m, up 10.4% from FY23, with underlying EBITDA rising 12% to $229.8m.

• Net operating cash flow increased by $30.2m to $176.4m, while net debt decreased by $46.7m to $165.5m.

• Statutory NPAT from continuing operations surged to $76.7m, a significant increase from $12.7m in FY23.

• Fully franked dividend grew to 28.0cps, up from 27.0cps in the prior year.

• Opened 17 net new restaurants, operating 381 locations across Australia, the Netherlands, and Germany.

Segment performance

• KFC Australia: 279 restaurants, $1.12b revenue, 3.8% same store sales growth, 19.8% EBITDA margin.

• KFC Europe: 75 restaurants, $313.5m revenue, 4.9% same store sales growth, 13.6% underlying EBITDA margin.

• Taco Bell: 27 restaurants, $54.4m revenue, 3.5% same store sales growth, underlying EBITDA margin of -1.3%.

Strategic and operational highlights

• Maintained growth momentum despite cost inflation and cost-of-living pressures.

• Continued network expansion through new builds and M&A, leveraging strong QSR brands.

• Focused on long-term performance, consumer trust, and operational efficiency initiatives.