SPECIALITYNSE19 January 2024

Speciality Restaurants Limited has informed the Exchange about Investor Presentation

Speciality Restaurants Limited

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CIN: L55101WB1999PLC090672 Email : corporate@speciality.co.in

Morya Land Mark – 1, 4th Floor, B-25, Veera Industrial Estate, Off New Link Road, Andheri (W), Mumbai 400 053

Tel. No. (022) 62686700 Website-www.speciality.co.in

January 19, 2024

To,

General Manager, Listing Operations, BSE Limited, P.J. Tower, Dalal Street, Mumbai - 400 001.

Vice President, Listing Compliance Department, National Stock Exchange of India Limited, 'Exchange Plaza', Bandra Kurla Complex, Bandra (E), Mumbai - 400 051.

Scrip Code : 534425 Scrip Code : SPECIALITY

Dear Sir/ Madam,

Sub: Investor Presentation – December 2023.

Please find attached the following document on the above matter:-

1. Speciality Restaurants Limited – Investor Presentation December 2023.

Kindly take the above document on record.

Thanking you.

Yours sincerely, For Speciality Restaurants Limited

Authorized Signatory

Name: Designation: Company Secretary and Legal Head

Avinash Kinhikar

Encl: As above

Registered Office: ‘Uniworth House’ 3A, Gurusaday Road, Kolkata – 700019.

Earnings Presentation Q3 FY24

Overview

We have successfully put the pandemic behind us and achieved the tenth consecutive quarter of sustained profitable growth.

We continue to dominate with our market leadership in the Asian cuisine segment and have retained our position of market leadership. Our USP is the presence of our brands in multiple formats ranging from Fine Dining, Casual Dining, Resto Bar, Cloud kitchens and Confectioneries. We will continue to build on our expertise and also keep innovating with newer formats to cater to the evolving palate of consumers.

We continue our focus on controlling the costs and enhancing our value proposition for our guests. Recognising the convenience and importance of home delivery to customers, our focus on providing last mile delivery continues. It remains a significant proportion of our total revenue. Despite the convenience of home delivery, we are happy to report that dine-in sales are also on an upswing.

We have plans to expand by opening new outlets of Asian Cuisine and dominate the space by upgrading existing Mainland China and Asia Kitchen by Mainland China restaurants as a brand refresh exercise to further improve upon the same store sales growth.

Given that our versatile brand portfolio enjoys a strong recall and customer loyalty, we hope to further strengthen our brand presence in the minds of our customers by continuing to focus on giving every diner the perfect guest experience and making them feel special.

Company’s Journey

Raised ₹ 176.09 crores through IPO

Opened its first franchise restaurant in Dubai : ‘Asia Kitchen’

Issued warrants convertible into shares through Preferential allotment (Issue size: ₹ 127.23 crores

1999

2012

2014

2018

2021

2023

032024

Incorporated as Speciality Restaurants Private Limited with two restaurants: Mainland China & Oh! Calcutta

Restaurants, confectionaries and franchisees network expanded to 100 (25 cities in India and one city in Bangladesh

Opened its first restaurant in London, UK: ‘Chourangi’

Company is profitable for consecutive 10 quarters in Q3 FY24.

Restaurants, confectionaries and franchisees network expanded to 125

Key Brands

Mainland China

Asia Kitchen by Mainland China

After completing 30 years, Mainland China the flagship brand of Speciality Restaurants has undergone a brand refresh with complete makeover, with a revamp of its ambience, décor and menu offerings. The first outlet that has undergone this transformation is at Andheri West in Q4 FY23 which has received tremendous response and is appreciated widely.

Asia Kitchen by Mainland China was created as a brand refresh of the mother brand offering a more relaxed and informal space to attract the younger audience. With diverse and trending offerings in the form of Pan Asian cuisine which includes gourmet dishes from Hong Kong, Singapore, Malaysia, Thailand, Japan, Korea, Myanmar in addition to China this semi-casual format is being widely relaunched in malls.

In Q3 FY24, two outlets, ‘Mainland China Powai (Mumbai)’ and ‘Mainland China ICC Mall (Pune)’ have been renovated.

In Q3 FY24, two new outlets are opened at Kohinoor Square, Dadar and Trade Centre, Bandra-Kurla Complex (both in Mumbai).

Oh! Calcutta

Chourangi

Oh! Calcutta showcases the rich culinary heritage of Calcutta by recreating the lost taste of the 300-year-old recipes of traditional dishes. Our master chefs researched and unearthed those authentic recipes and recreated them for the modern generation. Since then, Oh! Calcutta has been one of the most talked about traditional fine dine restaurants.

Chourangi was launched in H2 FY22 in London under joint venture. The response from food critics to connoisseurs to the public at large has been overwhelming. The food, the ambience and the service have all been lauded, resulting in a palpable impact in terms of increasing footfalls and enhanced brand equity.

The joint venture company holding the Chourangi restaurant has reported profitable operations since FY23.

Key Brands

Sigree Global Grill

Sigree Global Grill, offers a unique and immersive culinary experience offering unlimited helpings of a variety of grills and kebabs. It brings to you a varied array of cuisines inspired from the Mediterranean, European, Mexican and Indian regions, enough to tempt the strictest of weight watchers to indulge in a pure ecstacy of flavours. The interactive live grill stations allow guests to customize their dishes and savor the freshly prepared delicacies, making it an unforgettable dining experience.

Café Mezzuna

The brand celebrates a journey of flavours that will remind you of the trattorias of Italy, lazy afternoons by the blue Mediterranean, followed with the balsamic aroma of sizzling Seafood delicacies and Artisanal Handmade Ravioli & Risottos.

Sweet Bengal

Created by Bengal's finest master craftsmen, Sweet Bengal's legacy dates back in 1995. Since then, every sweet delicacy created here has brought in a special and unique taste along with the heritage of Calcutta's historic nuances.

It has been a satisfying and soulful journey in making your moments sweet and special. We have now diversified our offerings into introducing Khari delights from Namking and a variety of cookies from Sweet Bakes in attractive and ready to eat packaging, both being an extension of the Sweet Bengal family.

GONG

GONG has been a very successful innovation and addition to our brand basket offering some outstanding Asian fusion dishes like Asian Crab Ravioli, Asparagus Crisp Rolls or the Chilean Sea Bass in Tamari Soy. It is intriguing with its tantalizing tastes with its completely nouveau recipes!

Key Brands

Hoppipola

Riyasat

Hoppipola offers ample Mediterranean and contemporary Indian flavours in the form of finger food, thin crust Pizza’s and bar nibbles. Innovative mocktails at the lively Bar also add to the funky menu sprinkled with some innovative games creating a different experience altogether.

Riyasat is a story woven through royal celebrations and victories and is inspired from the stately homes of the royal families of the 19th century. The cuisine is inspired from the North-western frontiers that is vibrant, robust and encompasses the healthier culinary techniques and dining experiences to blend in with the changing time and trends

Episode One

HAKA

Fusing a legacy that has been around for three decades with innovation & all things new, a one-of-a-kind resto-bar serving delectable food from all over the world along with some beautifully crafted tap tails. Episode One is defined by everything it isn’t.

The main attraction is the state-of-the-art bar brewing delicious Taptails (cocktails on tap) all day long! Episode is divided into 4 experiences – each one serving a different purpose and can be enjoyed by everyone alike.

It has won ‘Best Global Restaurant-Casual Dining’ and ‘Best Bar for Beer’ – Times Food and Nightlife Awards 2021.

Haka offers you exactly what your fast-paced city life and the crunched leisure time permits. True to its name Haka is famous for its haka style south-eastern Chinese cuisine in a mouth-watering array of choices. The décor is simple but stylish just for Gen X.

BOHOBA

Bohoba, as the name suggests is inspired by the Bohemian design for those who lead a free-spirited, norm-defying life.The style is eclectic, a juxtaposition of the old and the new, with an aesthetic that is fascinating and avant-garde. The vibe has a creative energy without being too loud. Young at heart, but with a mature touch. Fun but not wild. Irreverent but genial. Unconventional. Authentic. Spirited.

Snapshot – Q3 FY24 vs Q3 FY23

10,371

10,949

1,468

1,446

2,663

2,861

1,495

1,347

Q3FY23

Q3FY24

Q3FY23

Q3FY24

Q3FY23

Q3FY24

Q3FY23

Q3FY24

Revenue (₹ lakhs)

PBT (₹ lakhs)

EBITDA (₹ lakhs)

PAT (₹ lakhs)

46.83%

37.10%

26.17%

17.47%

25.68%

26.13%

Q3FY23

Q3FY24 ROCE (annualised)

Q3FY23

Q3FY24 ROI (annualised)

Q3FY23 EBITDA % of Revenue

Q3FY24

Snapshot – 9M FY24 vs 9M FY23

28,746

30,202

4,235

2,936

7,565

7,066

4,066

2,502

9MFY23

9MFY24

9MFY23

9MFY24

9MFY23

9MFY24

9MFY23

9MFY24

Revenue (₹ lakhs)

PBT (₹ lakhs)

EBITDA (₹ lakhs)

PAT (₹ lakhs)

43.35%

38.64%

23.88%

26.32%

23.40%

10.73%

9MFY23

9MFY24 ROCE (annualised)

9MFY23

9MFY24 ROI (annualised)

9MFY23 EBITDA % of Revenue

9MFY24

Quarterly Revenue Trend

Quarterly Trend - Revenue from Operations (in ₹ Lakhs)

12,000

10,000

8,000

6,000

5,570

6,398

6,038

2,966

4,000

2,000

10,371

8,712

9,378

8,997

8,751

10,949

9,788

9,465

7,042

• Revenue from

operations in Q3 FY24 is increased by ₹ 578 lakhs as compared to Q3 FY23 (growth of 5.6%).

Q3 FY21

Q4 FY21

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

Q1 FY23

Q2 FY23

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

Quarterly EBITDA / PBT Trend

Quarterly Trend – EBITDA (in ₹ Lakhs)

3,221

2,861

2,546

2,559

2,663

2,343

2,051

2,151

2,054

1,526

1,264

878

243

Q3 FY21

Q4 FY21

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

Q1 FY23

Q2 FY23

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

Quarterly Trend - PBT(in ₹ Lakhs)

1,988

1,493

1,510

1,468

1,446

1,257

848

430

280

734 756

Q4 FY21

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

Q1 FY23

Q2 FY23

Q3 FY23

Q4 FY23

Q1 FY24

Q2 FY24

Q3 FY24

Q3 FY21 (364)

(853)

EBITDA is increased by 7.5% in Q3 FY24 as compared to Q3 FY23.

PBT is maintained at same level in Q3 FY24 as compared to Q3 FY23.

Brand-wise Revenue Composition

Sweet Bengal 10%

Café Mezzuna 3%

Hoppipola 3%

Flame & Grill 4%

Sigree & Global Grill 7%

Others 14%

Mainland China 26%

Others 12%

Sweet Bengal 9%

Café Mezzuna 3%

Hoppipola 5%

Flame & Grill 4%

Asia Kitchen 15%

Sigree & Global Grill 8%

Haka 5%

Oh! Calcutta 13%

Q3 FY24

Haka 6%

Oh! Calcutta 12%

Q3 FY23

Mainland China 29%

Asia Kitchen 12%

Brand-wise Revenue Composition (in ₹ Lakhs)

Brands

Q3 FY24

Q3 FY23

Mainland China

Asia Kitchen

Oh! Calcutta

Haka

Sigree & Global Grill

Flame & Grill

Hoppipola

Café Mezzuna

Sweet Bengal

Others

Total

Revenue

2,796.01

1,584.19

1,358.91

537.47

775.47

395.73

303.10

334.67

1,023.38

1,427.46

10,536.39

27%

15%

13%

10%

14%

100%

Revenue

2,954.07

1,175.73

1,197.10

602.67

765.32

386.42

470.26

303.08

908.36

1,212.92

9,976.42

30%

12%

100%

Restaurants & Confectionaries as at December 31, 2023

Franchisees, 14

Others, 7

Sweet Bengal & Confectionaries, 42

Mainland China / Asia Kitchen, 24

Oh! Calcutta, 9

Brands

Mainland China / Asia Kitchen

Oh! Calcutta

Sigree / Sigree Global Grill

Haka

Flame & Grill

Café Mezzuna

Hoppipola/ BOHOBA

Cloud Kitchen

Sweet Bengal & Confectionaries

Sigree / Sigree Global Grill, 3

Haka, 4

Flame & Grill, 2

Café Mezzuna, 2

Cloud Kitchen, 14

Hoppipola/ BOHOBA, 4

Others

Franchisees

Grand Total

As at December 31, 2023

Units (Nos.)

125

Consolidated Financial Results (₹ in lakhs)

Revenue from Operations

Other Income

Total Revenue

- Cost of food and beverages consumed - Employee benefits expense - Finance costs - Depreciation/amortisation/impairment - Lease rent - Other expenses Total Expenses Profit / (Loss) Before Tax before share of profit of Joint Venture

Share in Profit/ (loss) of Joint Venture Profit / (Loss) Before Tax

Tax expense Profit after tax

Other comprehensive income (OCI) Total Comprehensive Income

- Owners

- Non-Controlling Interest

Q3 FY24 Q2 FY24 Q3 FY23

11,598

9,788

10,371

663

582

186

12,261 3,477 2,444 381 1,078 526 2,798 10,704 1,557 - 1,557 140 1,417 36 1,453

1,419

10,370 2,928 2,252 380 1,015 388 2,653 9,616 754 52 806 230 576 (26) 550

10,557 3,115 1,917 355 840 415 2,447 9,089 1,468 43 1,511 (27) 1,538 49 1,587

550

1,587

Note:

In Consolidation results of Q3 FY24, Caterland Hospitality Limited is accounted as subsidiary (line by line consolidation as per Ind AS 110) instead of Joint Venture earlier. Hence, comparative figures are not comparable.

Standalone Financial Results (₹ in lakhs)

Q3 FY24

Q2 FY24

Q3 FY23

Q3 FY24 Vs Q2 FY24

Q3 FY24 Vs Q3 FY23

Revenue from Operations

11,949

9,788

10,371

Other Income

Total Revenue

Exceptional Items Profit / (Loss) Before Tax

Tax expense Profit after tax

Other comprehensive income (OCI) Total Comprehensive Income

663

12,612 3,345 2,469 381 1,034 434 2,703 10,116

1,446

- 1,446

99 1,347 (2) 1,345

582

10,370 2,928 2,252 380 1,015 388 2,651 9,614

756

- 756

230 526 (9) 517

186

10,557 3,115 1,917 355 840 415 2,447 9,089

1,468

- 1,468

(27) 1,495 (7) 1,488

22%

14%

22% 14% 10% 0% 2% 12% 2% 5%

91%

-57% 156% -78% 160%

15%

256%

19% 7% 29% 7% 23% 5% 10% 11%

-1%

-467% -10% -71% -10%

• Highest Revenues

achieved in any quarter.

•

Increase in Dine-in Business to Delivery : 78% against 75% resulted into improved margins.

• Gross Margins

maintained at 69.45% in the quarter which was 69.96% despite inflationary trends.

Financial Trends (₹ in Crores)

Revenue

EBITDA

PAT

116.12

98.19

103.7

20.90%

20.52

6.39%

6.27

20.74%

24.64%

21.51

4.99%

28.61

11.58%

5.17

13.45

Q1FY24

Q2FY24

Q3FY24

Financial Trends (₹ in Crores)

367.92

Revenue

EBITDA

PAT

398.71

266.54

18.71%

66.96

166.8

10.13%

15.21

21.03%

56.07

5.07%

13.51

25.15%

24.72%

100.27

95.58

FY 2020

FY 2021

FY 2022

FY 2023

-38.16

(10.67%)

-29.34

(19.54%)

Composition of Sales Restaurants – Dine-in and Delivery

Particulars

Q3FY24 (in ₹ Cr)

Q2FY24 (in ₹ Cr)

Q3FY23 (in ₹ Cr)

75%

78%

Dine-In Sales

73.06

62.85

67.43

% to Restaurant Sales

78%

75%

25%

22%

Delivery Sales

21.08

21.13

22.29

% to Restaurant Sales

22%

25%

Total

94.14

83.97

89.72

Q3FY23

Q2FY24

Q3FY24

Dine-in

Delivery

The Road Ahead

Revenues

Innovation

Profitability

✓ Focus on sustainable

✓ Drive Innovation across

✓ Rationalization of input

growth by sweating of assets and leveraging brand equity of our flagship brand

menus to provide a unique guest experience from fine dining to fun dining

✓ Focus on driving

penetration by expanding geographies

✓ Focus on delivering high

quality food

✓ Innovate with indigenously developed food items thereby reducing dependence on imports

costs

✓ Price hike at opportune

time

✓ Continuing efforts to

improve EBIDTA Margins and PAT Margins

Renovated Outlets during the Quarter

Mainland China, ICC Mall, Pune

Mainland China, Powai, Mumbai

New Outlets Opened during the Quarter

Asia Kitchen By Mainland China, Kohinoor Square, Dadar, Mumbai

Asia Kitchen By Mainland China, Trade Centre, Bandra-Kurla Complex, Mumbai

Disclaimer

This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Speciality Restaurants Limited (“the Company”) future business developments and economic performance.

While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations.

These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. The Company undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.

Investor relation contact for additional information:

Mr. Rajesh Kumar Mohta Executive Director – Finance and CFO Contact No : 022-33416700 / 6752 Email ID : rkm@speciality.co.in

Thank you

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Speciality Restaurants Limited has informed the Exchange about Investor Presentation

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