RBD Q3 Sales Announcement

Restaurant Brands New Zealand Limited

21 October 2021
ASX/NZX

Restaurant Brands’ Grows Third Quarter Sales, Despite COVID-19 Store Closures

Restaurant Brands’ has delivered solid sales growth for its third quarter. Compared with last year, sales
lost through the COVID-19 store closures in August and September in New Zealand were fully offset by
the additional two months of trading from the California business acquired on 2 September 2020.

For the three months to 30 September 2021 sales were $243.6 million, an increase of $3.8 million or
1.6% on the equivalent quarter last year.

Total year to date sales were $784.3 million, up by more than a quarter (25.8%) on the prior year.

Company owned store numbers were 352, up by four on the same period last year.

New Zealand

New Zealand third quarter sales were $95.6 million, a 17.5% decrease of $20.3 million due to the
Government-mandated COVID-19 store closures during August and September. If these stores had
traded over the quarter, they would have generated an additional $26 million in sales.

However, same store sales grew 9.9%, with KFC, Pizza Hut and Carl’s Jr. all continuing to perform
strongly.

Total year to date sales were $334.9 million. This is an increase of $44.4 million (15.3%) on the prior
year and 11.6% on a same store basis. If these stores had not been closed for a period of time last year
due to COVID-19 restrictions, they would have generated additional sales of approximately $33 million

A new Taco Bell opened in Bush Inn – Christchurch this quarter, bringing New Zealand store numbers
to 133 throughout the country.

Australia

Australian operations generated sales of $A53.0 million ($NZ55.6 million), an increase of 0.1%. New
store sales offset the impact of COVID-19 trading restrictions.

Same store sales were down 5.9% (local currency), with Sydney mall and in-line city stores taking a hit
due to the ongoing COVID-19 trading restrictions in New South Wales.

Total year to date sales were $A167.8 million ($NZ178.6 million), an increase of 13.9% on the prior year
and 1.4% on a same store basis.

Store numbers are now 77, following the opening of a new Taco Bell store in Tamworth. This is up by
12 on last year, following five acquisitions and seven new store builds.

Hawaii

The Hawaiian business continued to trade strongly, with third quarter sales of $US37.1 million
($NZ52.8 million). This is an increase of 5.9% in total and 7.8% on a same store basis (local currency).
Sales in $NZ were slightly lower than prior year due to the appreciation of the New Zealand dollar against
the $US.

Taco Bell benefited from some lifting of COVID-19 restrictions and Pizza Hut continues to respond well
to the increased demand for home delivery.

Year to date sales were $US109.7 million ($NZ153.8 million), an increase of 5.8% on the prior year and
up 9.5% on a same store basis.

Store numbers remained unchanged during the quarter at 73.

California

Californian third quarter sales were $US27.6 million ($NZ39.7 million). Prior year comparisons are for
just one month of trading following the acquisition in September 2020.

Same store sales were up 2.4% for the one month of comparable trading.

Total year to date sales were $US82.9 million ($NZ117.0 million).

One store in Irvine was closed, bringing total stores to 69. Two new stores are expected to open by year
end.




Authorised by:

Russel Creedy Grant Ellis
CEO
+64 9 525 8700
CFO
+64 9 525 8700


ENDS

2021 ($000's)2020 ($000's)Change
Total Store Sales ($NZ)
Q3 2021 vs Q3 2020

New Zealand95,625 115,917 (17.5%)
Australia55,564 57,389 (3.2%)
Hawaii52,769 53,150 (0.7%)
California39,659 13,385 196.3%
Total Store Sales243,617 239,841 1.6%
YTD 2021 vs YTD 2020
New Zealand334,899 290,520 15.3%
Australia178,591 156,526 14.1%
Hawaii153,794 162,848 (5.6%)
California116,975 13,385 774.0%
Total Store Sales784,258 623,278 25.8%
20212020Change
Same Store Sales
Q3 2021 vs Q3 2020
New Zealand9.9% 5.9% 4.0%
Australia(5.9%)3.3% (9.3%)
Hawaii7.8% 8.7% (0.8%)
California2.4% n/an/a
YTD 2021 vs YTD 2020
New Zealand11.6% 4.0% 7.7%
Australia1.4% 1.4% 0.0%
Hawaii9.5% 8.2% 1.3%
California2.4% n/an/a
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report
Summary of Results for the 3rd Quarter (Q3)
(for the 3 months 01/07/21 to 30/09/21)

2021 ($000's)2020 ($000's)Change
Total Store Sales (Local Currency)
Q3 2021 vs Q3 2020
Australia ($A)53,031 52,978 0.1%
Hawaii ($US)37,050 34,997 5.9%
California ($US)27,622 8,832 212.8%
YTD 2021 vs YTD 2020
Australia ($A)167,788 147,339 13.9%
Hawaii ($US)109,704 103,727 5.8%
California ($US)82,866 8,832 838.3%
20212020Change
Number Of Stores Open At Quarter End
New Zealand133 139 (6)
Australia77 65 12
Hawaii73 75 (2)
California69 69 -
Total Stores352 348 4
Exchange Rates
- Blended $A:$NZ rate for Q30.954 0.923 0.031
- Blended $A:$NZ rate for YTD0.940 0.941 (0.001)
- Blended $US:$NZ rate for Q30.700 0.659 0.041
- Blended $US:$NZ rate for YTD0.711 0.639 0.072
Note: Some sales numbers for each of the divisions may not aggregate in total due to rounding.
Summary of Results for the 3rd Quarter (Q3)
(for the 3 months 01/07/21 to 30/09/21)
RESTAURANT BRANDS NEW ZEALAND LIMITED
Quarterly Sales Report