DOCSLIB.ORG

N O V E M B E R 2 0

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
N O V E M B E R 2 0 NOVEMBER 2019 Forward-looking Statements This presentation may contain written and oral statements that constitute forward-looking statements. These forward-looking statements may involve, but are not limited to, comments with respect to our business or financial objectives, our strategies or future actions, our targets, expectations for our financial condition or our outlook for our operations and future earn-out and additional equity interest obligations. Forward looking statements are not guarantees of future results, performance, achievements or developments and actual results, performance, achievements or developments may differ materially from those in the forward-looking statements as a result of various factors, including downturns in general economic conditions, consolidation and globalisation of the industry, the highly competitive nature of the quick service restaurant industry, the greater resources available to much larger global players, low entry barriers for new competitors, our ability to successfully integrate our acquired and to-be-acquired businesses and the retention of key management personnel. Assumptions relating to the foregoing involve judgments and risks, all of which are difficult or impossible to predict accurately and many of which are beyond our control. Although we believe that the expectations reflected in the forward-looking statements are reasonable based on information currently available to us, we cannot assure that the expectations will prove to have been correct. Accordingly you should not place undue reliance on forward-looking statements. In particular, forward-looking statements do not reflect the potential impact of any merger or acquisitions or other business combinations or divestitures that may be announced or completed after such statements are made. Reference should be made to the most recent annual Management’s Discussion and Analysis for an in- depth description of major risk factors. 2 Non-IFRS Measures Unless otherwise indicated, the financial information presented below, including tabular amounts, is expressed in Canadian dollars and prepared in accordance with International Financial Reporting Standards (“IFRS”). MTY uses earnings before interest, taxes, depreciation and amortization (“EBITDA”), because this measure enables management to assess the Company’s operational performance. The Company also discloses same-store sales growth, which are defined as comparative sales generated by stores that have been open for at least thirteen months or that have been acquired more than thirteen months ago, and system sales, which represents the total net sales of the franchised and corporate restaurants of its network. These measures are widely accepted financial indicators but are not a measurement determined in accordance with GAAP and may not be comparable to those presented by other companies. These non-GAAP measures are intended to provide additional information about the performance of MTY, and should not be considered in isolation or as a substitute for measure of performance prepared in accordance with GAAP. The Company uses these measures to evaluate the performance of the business as they reflect its ongoing operations. Management believe that certain investors and analysts use EBITDA to measure a company’s ability to meet payment obligations or as a common measurement to value companies in the industry. Similarly, system sales and same-store sales growth provides additional information to investors about the performance of the network that is not available under GAAP. These measures are components in the determination of short-term incentive compensation for some employees. This presentation should be read in conjunction with the Company’s financial statements and the notes thereto and the Management Discussion and Analysis (MD&A). 3 Agenda INVESTMENT OVERVIEW OF MARKET STRATEGY AND THESIS MTY GROUP OVERVIEW FUTURE GROWTH FINANCIAL Q3-2019 APPENDIX - Historical Data TRENDS RESULTS - Papa Murphy’s Acquisition 4 INVESTMENT THESIS 5 Investment Thesis • Proven consolidator with disciplined acquisition strategy • Track record of growth • Strong cash flow generation ability • Recurring revenue streams in the franchising segment • Diversified portfolio of over 80 brands • Knowledgeable and committed team • Well positioned for more acquisitions 6 OVERVIEW OF MTY GROUP 7 MTY Group at a Glance Franchises and operates quick-service and casual dining restaurants under 80 brands MTY Group Underlying Network Food Processing & International Retail Non-traditional Food 5% court Corporate 11% 21% Stores 16% 14% 50% $531M $3.3B Canada 7,441 LTM Q3-2019 LTM Q3-2019 Q3-2019 Locations Revenues(1) 45% Network Sales(2) U.S. Promotional 60% Funds Franchise 15% Operation 63% Street front (1) Percentages are calculated by excluding (2) This is a non-IFRS measure. Please refer to page 3 of this presentation. intercompany revenues Ticker MTY Market Cap. $1.3B Brands ≈80 As at October 31, 2019 * 2018 figures have been restated to reflect the adoption of IFRS 15. 8 Milestones in ~40-Year History 1st acquisition: • Fontaine Santé Acquires Acquires Kahala Brands Papa Murphy’s Listed on Vancouver Stock Exchange Acquires Acquires • Casa Grecque Acquires Acquires • The Works Burger • South Street Burger Country Style • Jus Jugo Juice • Dagwoods • Yuzu Sushi Stanley Ma, founder, Acquires Food Services • Mr. Sub • The Counter Custom Burgers • Allô! Mon Coco opens 1st restaurant • Sushi Shop Holdings Inc. • Extreme Brandz • Built Custom Burgers 1979 1980s 1990s 2001-05 2006 2008 2009 2010 2011-13 2014 2015-17 2018 2019 Develops Exclusive Tiki Ming – franchise rights Listed on TSX Acquires Villa Madina concept Acquires first franchise for Taco Time in • Café Dépôt •Timothy’s World Coffee restaurant in 1983 Canada • Sushi Man Acquires • MMMuffin Acquires • Muffin Plus • La Crémière • Grabbagreen Launches Groupe Valentine • Fabrika • Cultures • Imvescor Sukiyaki • Manchu Wok • Mrs. Vanelli’s • Sweet Frog Premium Yogurt Acquires a food • Wasabi Grill & Noodle processing plant • SenseAsian • Cafés-Bistros Van Houtte Announces new CEO 9 Track Record of Growth Revenues (M$) Same Store Sales Growth(1) Operating Cash Flow (M$) -0.0% 105 531 2015 2016 2017 2018 YTD 94 98 426 Q3-19 -0.2% -0.2% 276 -0.4% 51 52 191 145 -0.5% 2015 2016 2017 2018 LTM 2015 2016 2017 2018 LTM Q3-19 Q3-19 EBITDA(1) (M$) EBITDA(1) Margin (%) Net Income (M$) 125 137 48% 45% 45% 46% 44% 96 94 35% 34% 34% 29% 71 66 26% 55 50 51 26 2015 2016 2017 2018 LTM 2015 2016 2017 2018 LTM 2015 2016 2017 2018 LTM Q3-19 Q3-19 Q3-19 Consolidated EBITDA (%) Franchise EBITDA (%) (1) This is a non-IFRS measure. Please refer to page 3 of this presentation. * 2018 figures have been restated to reflect the adoption of IFRS 15. 10 International Network in 39 Countries 7,441 locations and $3.3B in Sales in LTM Q3-2019 Canada International 2,828 $1,610M 521 $176M United States 4,092 $1,516M 11 Network Evolution Network Sales (M$)(1) Network Sales by Network Sales by Geography (%)(1) Type (M$)(1) 3,303 3,303 3,303 1,066 1,066 1,066 2015 2016 2017 2018 LTM 2015 2016 2017 2018 LTM 2015 2016 2017 2018 LTM Q3-19 Q3-19 Q3-19 Food Court Street front Non-traditonal Canada U.S. International Number of Locations Locations by Type Locations by Geography 7,441 7,441 7,441 2,738 2,738 2,738 2015 2016 2017 2018 Q3-19 2015 2016 2017 2018 Q3-19 2015 2016 2017 2018 Q3-19 Food Court Street front Non-traditonal Canada U.S. International (1) This is a non-IFRS measure. Please refer to page 3 of this presentation. 12 Growing by Acquisitions MTY has realized over 50 acquisitions since 1999 1999-2005 2011-2015 2016 2017 2019 • Fontaine • Jugo Juice • Steak Frites St-Paul Kahala Brands Ltd Papa Murphy’s Santé/Veggirama • Mr. Submarine • Giorgio Ristorante • La Crémière • Koryo Korean BBQ Cold Stone Creamery, • The Works Gourmet • Casa Grecque • Croissant Plus Burger Bistro • South Street Burger • Cultures • Mr. Souvlaki Blimpie, Taco Time, • Houston Avenue Bar & • Yuzu Sushi • Thai Express • SushiGo Surf City Squeeze, Grill • Allô! Mon Coco • Mrs. Vanelli’s • Extreme Pita The Great Steak & Potato • Industria Pizzeria & Bar • TCBY – Canadian master • PurBlendz Company, NrGize Lifestyle franchise right • Dagwoods Sandwiches • Mucho Burrito Café, Samurai Sam’s and Salads • ThaiZone Teriyaki Grill, Frullati Café & • The Counter Custom 2006-2010 • Madisons Bakery, Rollerz, Johnnie’s Burgers • Café Dépôt New York Pizzeria, Ranch • Built Custom Burgers • Yogen Fruz – Canadian master franchise right • Muffin Plus One, America’s Taco Shop, • Sushi Shop • Sushi-Man Cereality, Tasti D-Lite, 2018 • Koya Japan • Fabrika Planet Smoothie, Maui • Sushi Shop – existing • Van Houtte Café Bistros – Wowi and Pinkberry Imvestor franchise locations perpetual franchising Restaurant Group • Tutti Frutti • Taco Time – Canadian license BF Acquisition Holdings, Baton Rouge, Pizza Delight, master franchise rights • Manchu Wok LLC Scores, Toujours Mikes and • Country Style Food • Wasabi Grill & Noodle • Baja Fresh Mexican Grill Ben & Florentine Services • Sense Asian • La Salsa Fresh Mexican • Grabbagreen Holdings Inc. • Big Smoke Burger Grill • Timothy’s World Coffee • Groupe Valentine inc. • La Diperie • Mmmuffins 13 Diversified Portfolio of Over 80 Brands Protects MTY from shifts in customer preferences Asian & Indian Frozen treats & smoothies American Sandwiches & Salads Mediterranean Italian Breakfast Mexican Coffee 14 Strong Brands Make Up a Large Part of Portfolio MTY ranks 21st among Canada’s Top 100 foodservice
Load more

Recommended publications
  • National Retailer & Restaurant Expansion Guide Spring 2016
    National Retailer & Restaurant Expansion Guide Spring 2016 Retailer Expansion Guide Spring 2016 National Retailer & Restaurant Expansion Guide Spring 2016 >> CLICK BELOW TO JUMP TO SECTION DISCOUNTER/ APPAREL BEAUTY SUPPLIES DOLLAR STORE OFFICE SUPPLIES SPORTING GOODS SUPERMARKET/ ACTIVE BEVERAGES DRUGSTORE PET/FARM GROCERY/ SPORTSWEAR HYPERMARKET CHILDREN’S BOOKS ENTERTAINMENT RESTAURANT BAKERY/BAGELS/ FINANCIAL FAMILY CARDS/GIFTS BREAKFAST/CAFE/ SERVICES DONUTS MEN’S CELLULAR HEALTH/ COFFEE/TEA FITNESS/NUTRITION SHOES CONSIGNMENT/ HOME RELATED FAST FOOD PAWN/THRIFT SPECIALTY CONSUMER FURNITURE/ FOOD/BEVERAGE ELECTRONICS FURNISHINGS SPECIALTY CONVENIENCE STORE/ FAMILY WOMEN’S GAS STATIONS HARDWARE CRAFTS/HOBBIES/ AUTOMOTIVE JEWELRY WITH LIQUOR TOYS BEAUTY SALONS/ DEPARTMENT MISCELLANEOUS SPAS STORE RETAIL 2 Retailer Expansion Guide Spring 2016 APPAREL: ACTIVE SPORTSWEAR 2016 2017 CURRENT PROJECTED PROJECTED MINMUM MAXIMUM RETAILER STORES STORES IN STORES IN SQUARE SQUARE SUMMARY OF EXPANSION 12 MONTHS 12 MONTHS FEET FEET Athleta 46 23 46 4,000 5,000 Nationally Bikini Village 51 2 4 1,400 1,600 Nationally Billabong 29 5 10 2,500 3,500 West Body & beach 10 1 2 1,300 1,800 Nationally Champs Sports 536 1 2 2,500 5,400 Nationally Change of Scandinavia 15 1 2 1,200 1,800 Nationally City Gear 130 15 15 4,000 5,000 Midwest, South D-TOX.com 7 2 4 1,200 1,700 Nationally Empire 8 2 4 8,000 10,000 Nationally Everything But Water 72 2 4 1,000 5,000 Nationally Free People 86 1 2 2,500 3,000 Nationally Fresh Produce Sportswear 37 5 10 2,000 3,000 CA
    [Show full text]
  • Archived Content
    Untitled Document This content was archived on June 24, 2013. Archived Content Information identified as archived on the Web is for reference, research or recordkeeping purposes. It has not been altered or updated after the date of archiving. Web pages that are archived on the Web are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats on the "Contact Us" page. file:///C|/Documents%20and%20Settings/ASLOBODY/Desktop/Working%20folder/archive-eng.html2013-06-20 12:59:43 PM Trans Fat Monitoring Program Second Set of Trans Fat Monitoring Data July 2008 Bureau of Nutritional Sciences Food Directorate Health Products and Food Branch Health Canada Table of contents Section 1: bread products Table 1: Fatty acid composition of garlic breads collected in 2007 ............................................................................................................................. 3 Section 2: margarines and spreads Table 2: Fatty acid composition of garlic spreads collected in 2007............................................................................................................................ 5 Table 3: Fatty acid composition of soft (tub) margarines collected in 2005and 2007.................................................................................................. 6 Section 3: margarines and fats used for baking applications Table 4: Fatty acid composition of hard (print) margarines collected in 2005 and 2007 .........................................................................................
    [Show full text]
  • Community Mourns the Death of Acadian Founder of Pizza Chain
    23 avril 2020 – CBC New Brunswick Community mourns the death of Acadian founder of pizza chain Moncton's Bernard Imbeault was the founder of Pizza Delight Bernard Imbeault was named Entrepreneur of the Year by the Conseil économique du Nouveau-Brunswick (CENB) in 2012. (Radio-Canada) As a young entrepreneur, Bernard Imbeault and his friends bought a small pizza take-out in Shediac in 1969. With Imbeault's guidance, it would grow into the Pizza Delight chain. Imbeault became the co-founder of Imvescor, which at its peak owned and operated hundreds of restaurants across Canada, which included Scores, Mikes and Bâton Rouge. Bernard Imbeault died in palliative care Tuesday night, according to his family. Imbeault, 75, had been suffering from Parkinson's disease for the past 13 years. Roger Fournier, the CEO of Triangle Kitchen in Dieppe, met Imbeault in the 60s. Fournier says Imbeault was generous, energetic, and a hard worker. 23 avril 2020 – CBC New Brunswick Bernard Imbeault was the founder of the Pizza Delight chain of restaurants. (Pierre Fournier/CBC News) "He didn't really love money, but he loved success," Fournier said. "He loved to have new enterprises." Fournier says he travelled extensively with Imbeault, who would often visit other businesses. "He was always seeing a business as something that he had to go inside and see what was making them tick and what was making them successful," Fournier said. "And this was a way he'd always been." But Imbeault never forgot his roots. "His trademark was generosity, he was very helpful with different causes in the city and elsewhere in Canada.
    [Show full text]
  • Tacotime Introduces Chicken Jicama Burrito Scottsdale
    FOR IMMEDIATE RELEASE Contact: Jessica Benedick TacoTime 480.622.3349 [email protected] TACOTIME INTRODUCES CHICKEN JICAMA BURRITO A Menu Item with a Unique Mexican Ingredient, Available for a Limited Time SCOTTSDALE, Ariz. – (June 28, 2016) – TacoTime® (www.TacoTime.com) incorporates jicama, a vegetable that is growing in popularity, into its latest limited time offer, the Chicken Jicama Burrito, available June 29 through August 30. The Chicken Jicama Burrito features crunchy jicama, homemade salsa fresca, black beans, crisp baby leaf spinach and all white meat chicken, topped with a creamy poblano sauce and wrapped in a warm home-style tortilla. “This burrito is unique because of the jicama, which is a root vegetable typically used in Mexican cuisine to add a light crisp crunch,” said Julie Hoefling, director of marketing for TacoTime. “The addition of this special ingredient sets it apart and brings a traditional element to the overall flavor of the Chicken Jicama Burrito that customers are going to love.” Jicama is known for being low in calories with added health benefits. Its thick skin must be peeled before eating but the Mexican root can be consumed raw or lightly cooked to add a deliciously crisp taste to any culinary creation like the Chicken Jicama Burrito. The Chicken Jicama Burrito goes great with a side of Mexi-Fries, TacoTime’s popular seasoned, crispy golden potatoes and is available until August 30 at your nearest TacoTime. About TacoTime® Headquartered in Scottsdale, Ariz., TacoTime® has been an industry leader in quality quick-service Mexican food for over 50 years. Founded in 1960, TacoTime has grown to nearly 400 franchised restaurants across the U.S.
    [Show full text]
  • Franchise Disclosure Document
    FRANCHISE DISCLOSURE DOCUMENT Kahala Franchising, L.L.C. an Arizona limited liability company 9311 E. Via De Ventura Scottsdale, Arizona 85258 Telephone: (480) 362-4800 Website: www.kahalamgmt.com www.americastacoshop.com Facebook: http://www.facebook.com/americastacoshop Twitter: @AmericasTaco We offer America’s Taco Shop franchises and area representative agreements. As a franchisee, you will operate a restaurant called America’s Taco Shop, preparing and serving specialized freshly prepared Mexican fast food and related menu items. As an area representative (if applicable), you will operate as an America’s Taco Shop franchise broker and service representative for us within a defined geographic area. The total investment necessary to begin operation of an America’s Taco Shop franchise ranges from $239,350 to $821,550 for a traditional franchise unit; from $228,150 to $806,050 for a non-traditional franchise full-menu unit located within an airport, convenience store, mall food court, stadium, or similar venue; and from $224,150 to $799,050 for a non-traditional limited menu franchise unit. This includes $20,450 to $149,500 for a traditional location and $5,250 to $134,500 for a non-traditional location that must be paid to the franchisor or its affiliate. The total investment necessary to begin operation as an Area Representative under an ARA ranges from $22,500 to $168,000 plus the Area Representative Fee which is the greater of: (i) the estimated population in the ARA Territory multiplied by $.125; or (ii) the estimated population in the ARA Territory multiplied by $.03 plus 4 times the royalty payments we received in the last 12 months on existing stores within the ARA Territory, plus a Performance Deposit, which is calculated by taking 10% of the potential Initial Franchise Fees for the Territory based on the store development schedule.
    [Show full text]
  • The Tacotime Crisp Meat Burrito Now Offered for a Special Price for a Limited Time Only
    FOR IMMEDIATE RELEASE Contact: Jessica Benedick TacoTime 480.362.4837 [email protected] THE TACOTIME CRISP MEAT BURRITO NOW OFFERED FOR A SPECIAL PRICE FOR A LIMITED TIME ONLY SCOTTSDALE, Ariz. – (December 30, 2015) – TacoTime® (www.TacoTime.com) is offering the delicious Crisp Meat Burrito for $1.99 beginning December 30, for a limited time only, through March 1, 2016. “Our Crisp Meat Burrito is one of the most popular items on our menu,” said Julie Hoefling, director of marketing for TacoTime. “During the busy holiday season people are often spending a lot of money on gifts and special occasions, so we wanted to ease holiday spending by offering a special value price on a TacoTime favorite.” The Crisp Meat Burrito recipe was created over 40 years ago and is a brand staple as a signature menu item. Each Crisp Meat Burrito is rolled by hand daily in every TacoTime kitchen. The home-style flour tortilla is rolled with delicious seasoned beef and creamy jalapeno cheese sauce and then cooked to crispy perfection. About TacoTime® Headquartered in Scottsdale, Ariz., TacoTime® has been an industry leader in quality quick-service Mexican food for over 50 years. Founded in 1960, TacoTime has grown to nearly 400 franchised restaurants across the U.S. and Canada. In 2003, TacoTime became part of Kahala Brands™, one of the fastest growing franchising companies in the world with a portfolio of 18 quick-service restaurant brands. About Kahala Brands™ Headquartered in Scottsdale, Ariz., Kahala Brands™ is one of the fastest growing franchising companies in the world with a portfolio of 18 quick-service restaurant brands including: Cold Stone Creamery®, Pinkberry®, Maui Wowi Hawaiian®, Blimpie®, Planet Smoothie®, Tasti D-Lite, TacoTime®, Samurai Sam’s Teriyaki Grill®, The Great Steak™, NrGize Lifestyle Cafe®, Surf City Squeeze®, Johnnie’s New York Pizzeria™, Cereality, Kahala Coffee Traders, Frullati Cafe & Bakery™, Rollerz™, Ranch One® and America’s Taco Shop®.
    [Show full text]
  • Expansion Guide North America / Summer 2016
    Retail & Restaurant Expansion Guide North America / Summer 2016 interactive menu click to get started INTRODUCTION ICSC PERSPECTIVE APPAREL ENTERTAINMENT ARTS / CRAFTS / HOBBIES FINANCIAL SERVICES AUTOMOTIVE FOOD-RELATED BEER / LIQUOR / WINE GROCERY BOOKS / MEDIA / TOYS HEALTH AND BEAUTY CARDS / GIFTS / NOVELTY HOME-RELATED CHILDCARE / LEARNING CENTERS JEWELRY CONSUMER ELECTRONICS MISCELLANEOUS RETAIL DEPARTMENT STORE PETS / PETCARE DISCOUNTERS / SUPERSTORES RESTAURANTS DRUG STORE / PHARMACY SPORTING GOODS North American Retail & Restaurant Expansion Guide Summer 2016 INTRODUCTION Welcome to the inaugural edition of the Cushman & Wakefield North American Retailer and Restaurant Expansion Guide In this report, we track the growth plans of thousands of major retail and restaurant chains and public statements made by company executives, and reliable “word on the street” throughout the United States and Canada. This is not your typical retail research report gathered from the retail and brokerage communities. Additionally, in cases where we were in that the purpose of the Expansion Guide is not to create hard metrics or to provide either unable to obtain reliable data or where we received questionable information, we numbers-driven statistical analysis. Certainly, our tracking of such data heavily informs provided our own estimates of current unit counts and likely growth in the year ahead. our standard research efforts from our quarterly reports to white papers on special topics. These estimates were based upon a mix of factors, including recent growth history and But the ultimate goal of this publication is to provide a glimpse of likely growth over the sector health. coming year across all of the major retail sectors from a mix of various concepts as we know or understand them.
    [Show full text]
  • ACA-0004- Web Design Press Releases Tasti D-Lite
    PRESS RELEASE Arlington Advises Planet About Planet Smoothie Smoothie and Tasti D–Lite on The first Planet Smoothie store opened in Atlanta in 1995. The Sale to Kahala Brands concept quickly grew into a dominant smoothie brand in the Southeast and now has more than 100 locations. Planet Smoothie uses real fruits and vegetables in its smoothies and has its own line of Birmingham, AL – June 2, 2015 Arlington Capital Advisors, proprietary sweeteners and supplements. For further information, LLC, a boutique investment bank that specializes in advising visit www.planetsmoothie.com. closely- held consumer businesses, announced today that it served as exclusive financial advisors to Planet Smoothie and Tasti D-Lite on the concepts’ sale to Kahala Brands. The About Tasti D–Lite purchase expands Kahala Brands’ smoothie concept portfolio to three nationally recognized brands, strengthening its leadership Founded in 1987 in New York City, Tasti D-Lite is an iconic New York position in the healthy treats segment. brand with a long history of serving delicious treats that satisfy devotedly loyal customers. Featured on classic television shows and "Planet Smoothie, currently operating over 100 stores with praised by numerous celebrities, the Tasti D-Lite brand is recognized many openings slated over the next three months, is a great nationally and internationally. For further information, visit addition to our family of smoothie brands. This purchase www.tastidlite.com. expands our smoothie footprint to more than 400 locations and further enables us to satisfy the ever- growing demand from About Kahala Brands consumers for healthy food options that fit just about every budget," said Michael Serruya, Chairman and CEO of Kahala Headquartered in Scottsdale, Arizona, Kahala Brands is one of the Brands.
    [Show full text]
  • Annual Information Form 2019
    MTY FOOD GROUP INC. 8210 Trans-Canada Road St-Laurent, Quebec, H4S 1M5 Annual Information Form For the year ended November 30, 2019 February 23, 2020 TABLE OF CONTENTS PRELIMINARY NOTES AND CAUTIONARY STATEMENT .......................................... 5 CORPORATE STRUCTURE .......................................................................................... 6 Name, Address and Incorporation of the Company ...................................................................... 6 Intercorporate Relationships ............................................................................................................. 7 GENERAL DEVELOPMENT OF THE BUSINESS ......................................................... 7 Recent events ................................................................................................................................... 7 3 Year History .................................................................................................................................... 7 DESCRIPTION OF THE BUSINESS OF THE COMPANY ............................................. 9 Overview ............................................................................................................................................. 9 Restaurant Industry ....................................................................................................................... 10 Development of the Business ..................................................................................................... 11 System Sales ..................................................................................................................................
    [Show full text]
  • 1 Atlantic Immigration Pilot Designated Employer List: The
    Atlantic Immigration Pilot Designated Employer List: The following is a list of employers designated in New Brunswick through the Atlantic Immigration Pilot. This list does not indicate that these employers are hiring. To find current job vacancies got to www.nbjobs.ca. Liste des employeurs désignés Voici la liste des employeurs désignés sous le Projet pilote en matière d’immigration au Canada atlantique. Cette liste ne signifie pas que ces employeurs recrutent présentement.ss Pour les offres d’emploi, visitez le www.emploisnb.ca. Employer Name 3D Property Management 670807 NB Inc (Dépaneur Needs Caraquet & Shippagan) 693666 NB Inc. A & J Hanna Construction Ltd (Fredericton) A&W Miramichi (630883 NB Inc) A.C. Sharkey's Pub & Grill (Florenceville-Bristol) A.N.D. Communications A.R.Rietzel Landscaping Ltd Acadia Pizza Donair / Korean Restaurant (Dieppe) Acadia Veterinary Hospital Accor Hotels Global Reservation Centre Acorn Restaurant / Mads Truckstop (Lake George) Admiral's Quay B&B (Yang Developments Ltd.) Adorable Chocolat Inc Adrice Cormier Ltd Agence Résidentielle Restigouche Airport General Store (649459 NB Ltd) Airport Inn AirVM Albert's Draperies Alexandru & Camelia Trucking All Needs Special Care Inc. Allen, Paquet & Arseneau Allen's Petro Canada & Grocery (Allen's Enterprise Inc.) AL-Pack Amsterdam Inn & Suites Sussex (deWinter Brothers Ltd.) Andrei Chartovich 1 Employer Name Andrei Master Tailors Ltd Apex Industries Inc Appcast Armour Transport Inc Arom Chinese Cuisine Fredericton (655749 N.B. Ltd.) Asian Garden Indian Restaurant Moncton (Bhatia Brothers Ltd) Aspen University Association Multiculturelle du Restigouche Assurion Canada Inc Asurion Atelier Gérard Beaulieu Atlantic Ballet of Canada Atlantic Controls (Division of Laurentide Controls) Atlantic Home Improvement (656637 NB Inc) Atlantic Lottery Corporation Atlantic Pacific Transport Ltd.
    [Show full text]
  • Kahala Brands Acquires Planet Smoothie & Tasti D-Lite
    FOR IMMEDIATE RELEASE Contact: Jessica Benedick Kahala Brands 480.362.4837 [email protected] KAHALA BRANDS ACQUIRES PLANET SMOOTHIE & TASTI D-LITE Company Grows Smoothie Footprint to More Than 400 Locations Worldwide SCOTTSDALE, Ariz. – (June 4, 2015) – Scottsdale-based Kahala Brands™ (www.kahalabrands.com), a global leader in the QSR industry, announced that it now controls 100 percent of the Planet Smoothie® (www.planetsmoothie.com) and Tasti D-Lite™ (www.tastidlite.com) franchise brands headquartered in Brentwood, Tenn. This purchase expands Kahala Brands’ smoothie concept portfolio to three nationally recognized brands, strengthening its leadership position in the healthy treats segment. “Planet Smoothie, currently operating over 100 stores with many openings slated over the next three months, is a great addition to our family of smoothie brands. This purchase expands our smoothie footprint to more than 400 locations and further enables us to satisfy the ever-growing demand from consumers for healthy food options that fit just about every budget,” said Michael Serruya, chairman and CEO of Kahala Brands. The first Planet Smoothie store opened in Atlanta in 1995 using real fruits and vegetables, as well as its own line of proprietary sweeteners and supplements in its smoothies that are blended fresh-to-order. “These two brands are an excellent strategic fit for our company and present an exciting opportunity for future growth. I look forward to working with the franchisees for both brands to help maximize their potential for success,” said Stacey Wopnford, vice president of operations for Kahala Brands, who will oversee both of these concepts under the Kahala umbrella.
    [Show full text]
  • Annual Report 2018 Our Banners
    ANNUAL REPORT 2018 OUR BANNERS TM ® MTYGROUP.COM Dear fellow Shareholders, The year that just ended has been a transformational year for MTY. First, we have completed five transactions, investing $325 million and adding 702 locations to our network, bringing our system sales to $2.8 billion for 2018 and easily surpassing last year’s record-breaking $2.3 billion. Second, our founder and our COO of Canadian operations have announced they would concentrate on their board of director duties while focusing on realizing additional acquisition opportunities for MTY. Last, in November we put a solid leadership team in place that will help MTY achieve its goals. Their experience and long list of past successes will all contribute to helping our franchisees prosper and accelerate MTY’s growth. Among the acquisitions realized during 2018, the acquisition of Imvescor Restaurant Group Inc. (“IRG”) was the most significant in terms of total purchase consideration but also in terms of expanding MTY into the casual dining segment of the restaurant industry. The expertise we gained when the IRG team joined was invaluable and we hope they can help us grow further into a segment in which we had previously been less present. The strong performance of IRG and The Counter Custom Burgers/Built Custom Burgers since their acquisition has largely driven the 36% growth in EBITDA realized during 2018. Our EBITDA surpassed the $100 million mark for the first time this year and reached $127.7 million. The business continues to provide a high conversion rate of our EBITDA into cash flows; our operating cash flows also reached a record high this year, at $97.6 million.
    [Show full text]