Slides
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Tuesday, 1 September 2026 2026 AGM
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1 NICKI ANDERSON INDEPENDENT NON-EXECUTIVE DIRECTOR Chair: People, Culture & Nominations Committee XAVIER SIMONET MANAGING DIRECTOR & CEO NIGEL CLARK INDEPENDENT NON-EXECUTIVE DIRECTOR Member: Audit & Risk Committee BOARD OF DIRECTORS CHRISTINE HOLMAN INDEPENDENT NON-EXECUTIVE DIRECTOR Chair: Audit & Risk Committee MARK HAWTHORNE CHAIR, INDEPENDENT NON-EXECUTIVE DIRECTOR Member: Audit & Risk Committee Member: People, Culture & Nominations Committee KEVIN PERKINS NON-EXECUTIVE DIRECTOR Member: People, Culture & Nominations Committee ROBERT KAYE SC INDEPENDENT NON-EXECUTIVE DIRECTOR Member: People, Culture & Nominations Committee MEREDITH SCOTT INDEPENDENT NON-EXECUTIVE DIRECTOR Member: Audit & Risk Committee
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CHAIR’S ADDRESS
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FY26: A RECORD YEAR RECORD REVENUE* $1,592.6M * Continuing operations, excluding Taco Bell results # Underlying, excluding the effects of non-trading items RECORD NPAT*# $61.4M STATUTORY NPAT* $47.1M UP 8.6% (FY25: $1,466.5M) UP 13.0% (FY25: $54.4M) UP 280.5% (FY25: $12.4M) EQUAL RECORD DIVIDEND FY26 28.0 CPS VS FY25: 26.0 CPS
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3 FY26 ACHIEVEMENTS IN ADDITION TO RECORD UNDERLYING RESULTS: TACO BELL EXIT • 20 restaurants successfully transitioned to new ownership • 7 restaurants closed with 4 leases assigned to third parties, remaining assignments well progressed • Results to be reflected in the half year accounts ENABLED GROWTH PATHWAY IN GERMANY • New development agreements • 8 restaurant acquisition in Munich • Development pipeline growing IMPROVED PROFITABILITY IN THE NETHERLANDS • Extended and restructured Corporate Franchise Agreement (CFA) • Strong operational focus and execution • Improved customer experience, reduced waste, raised labour productivity LIFTED PERFORMANCE IN AUSTRALIA • Operational disciplines resulting in improved customer experiences, strong financial outcomes • Kwench by KFC trial, moving to national roll-out • Supercharge1 remodels lifting capacity 01 02 03 04 1 Supercharge means a large scale remodel usually including a dual lane drive-thru, t-line kitchen design and other improvements for operational efficiency.
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4 GWP: Global Warming Potential | HVAC: Heating, Ventilation, and Air Conditioning | TRIFR: Total Recordable Injury Frequency Rate • Emission reduction pilots in restaurants using low-GWP refrigerants and optimised HVAC • 22.3% of waste diverted from landfill; 100% of cooking oil upcycled, including to aviation fuel • Reduced food waste in our operations by 9 bps to 1.91% • 63% of Australian chicken supply supported by 100% deforestation-free soy • 1,596 food safety inspections in restaurants completed • $0.7m raised for charity partners • 11,297 meals provided to people in need • 397 families supported with over $1m since 2020 • All tier 1 suppliers subject to annual risk assessment • Employed 22,027 people from 104 nationalities; 46.2% female leaders (up from 43.0% FY25) • Investments in safety culture contributed to a 26.9% drop in TRIFR vs. FY25 • 5 people employed through First Nations pre- employment program, enabling unemployed youth to obtain hospitality skills, experience and job opportunities PATHWAY TO 2030 FY26 SUSTAINABILITY PROGRESS • FY26 marks the first year of mandatory climate reporting under AASB S2, including release of inaugural transition plan • FY26 was a year of consolidation and c a p a b i l i t y - b u i l d i n g t o e n a b l e C o l l i n s F o o d s ’ sustainability agenda • Following establishment of 2030 sustainability goals last year, this year’s focus was on trials, pilots and assessments to establish delivery pathways
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MANAGING DIRECTOR & CEO’S ADDRESS
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6 STRATEGIC GROWTH PRIORITIES • Invest in product innovation to drive SSS1 growth • Expansion into new day parts • Continued investment in brand equity and digital • Profitable restaurant development • Disciplined focus on costs and efficiencies • Profitable new restaurant openings • Fill-in and bolt-on acquisitions to drive scale • Leverage Yum! investments in brand building capability • Relentless focus on customer service and experience • Sales performance, productivity and efficiency ACCELERATING GROWTH IN AUSTRALIA ACCELERATING SCALE IN GERMANY OPERATIONAL EXCELLENCE 01 02 03 1 SSS means Same Store Sales.
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7 Up 9 vs FY25: 366 REVENUE* $1,592.6M UNDERLYING NPAT* $61.4M UNDERLYING EBITDA* $244.5M NET DEBT $119.6M FY26 FULLY FRANKED DIVIDEND 28.0 CPS * Continuing operations, excluding Taco Bell results. FY26 was a 53 week reporting period, while FY25 was a 52 week reporting period. 1 FY26 statutory NPAT includes $6.5 million in net impairments, $1.4 million provision for wage underpayments, $7.3 million in class action settlement and related costs, $0.4 million Europe acquisition costs, $0.8 million gain on sale of land and a $0.5 million fair value gain on previous debt modification. 2 NLR is Net Leverage Ratio. Net Leverage Ratio stated on pre AASB 16 basis consistent with measurement criteria in Syndicated Facility Agreement. 3 Return on equity (ROE) - trailing 13 period underlying Net profit after tax / average total equity. NET OPERATING CASH FLOW $150.1M STATUTORY NPAT* 1 $47.1M NET LEVERAGE RATIO2 0.77 Down 0.16 vs FY25 0.93 Down $31.3m vs FY25: $181.4m Down $18.3m vs FY25: $137.9m KFC RESTAURANTSUp 280.5% vs FY25: $12.4m Up 8.6% vs FY25: $1,466.5m Up 6.3% vs FY25: $230.1m Up 13.0% vs FY25: $54.4m vs FY25: 26.0 cps 375 14.5% RETURN ON EQUITY (ROE)3 Up 220 bps vs FY25: 12.3% Final: 15.0 cps | Interim: 13.0 cps UNDERLYING NPAT (inc. discontinued operations) $60.1M Up 17.6% vs FY25: $51.1m RECORD REVENUE AND UNDERLYING EARNINGS
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8 YTD 1st 8-weeks2nd 9- weeks Last 4- weeks $65.0 $70.0 $75.0 $80.0 $85.0 $90.0 $95.0 $100.0 YTD 1st 8-weeks 2nd 9- weeks Last 4- weeks YTD 1st 8- weeks 2nd 9- weeks Last 4- weeks (10.0)% (8.0)% (6.0)% (4.0)% (2.0)% 0.0% 2.0% 4.0% 6.0% • Material improvement in sales in recent weeks. SSS last 4-weeks (0.1)% vs first 8-weeks (7.2)% • Total sales last 4-weeks +58.8% vs +26.4% for first 8- weeks, reflecting JJ acquisition from week 5 • Bavarian acquisition delivering higher average store sales vs. existing portfolio • Continuing to partner with YUM! Brands to lift performance now and in the longer term • Will remain disciplined with investments in new restaurants, ensuring return hurdles are met • Resumption of sustainable SSS growth will enable more restaurant projects to hurdle, driving acceleration in new store numbers AUSTRALIA • Last 4-weeks SSS +3.1%, vs first 8-weeks +4.0% rolling a strong value offering in Christmas in July campaign last year, but posting multiple record sales weeks in current year • Total sales last 4-weeks +5.0% vs +6.7% first 8- weeks • Initiatives to strengthen core further in train • Kwench national rollout commenced, on target for major launch before summer • Late night trade rollout close to complete • Breakfast trial launching September TRADING UPDATE GERMANY NETHERLANDS • Netherlands SSS materially improved in recent weeks. • Last 4-weeks +3.1% vs. first 8-weeks (7.8)% • Total sales last 4-weeks +4.9% vs (5.2)% first 8- weeks • Halal-certified range recently launched in several restaurants and showing significant positive impact • Priority remains network profitability SSS: Same Store Sales FX rate: €0.61 per A$1 applied for Germany and Netherlands PSA sales values
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AGM BUSINESS COLLINS FOODS LIMITED | AGM 2026
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10 HOW TO VOTE • When the poll is open, select the Vote icon at the top of the screen • Select either For, Against or Abstain • You will see a vote confirmation • To change or cancel your vote “click here to change your vote” at any time until the poll is closed HOW TO ASK A QUESTION • Select the Q & A icon • Select the topic your question relates to from the drop-down list • Type your question in the text box and press the send icon • To ask a verbal question follow the instructions below the broadcast window
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11 PROXY RESULTS - ALL RESOLUTIONS The Chair intends to vote all available proxies for each resolution in favour of the relevant resolution RESOLUTIONS FOR OPEN AGAINST ABSTAIN ITEM 1: FINANCIAL AND OTHER REPORTS Shareholder approval not required. ITEM 2: WITHDRAWN ITEM 3: ELECTION OF DIRECTOR — MEREDITH SCOTT 81,562,687 151,704 351,306 43,254 99.38% 0.19% 0.43% ITEM 4: ADOPTION OF REMUNERATION REPORT 70,478,398 149,342 4,207,107 59,806 94.18% 0.20% 5.62% ITEM 5: SHAREHOLDER APPROVAL FOR AMENDED LTIP 74,550,014 149,342 127,498 7,238,283 99.63% 0.20% 0.17% ITEM 6: APPROVE GRANT OF PERFORMANCE RIGHTS TO XAVIER SIMONET 74,261,471 149,342 405,768 7,219,556 99.26% 0.20% 0.54%
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12 ITEM 1: FINANCIAL AND OTHER REPORTS To receive and consider the Financial Report, Directors’ Report, Sustainability (Climate) Report and Auditor’s Report of the Company and its controlled entities for the financial period ended 3 May 2026. ITEM 1 & 2: QUESTIONS ITEM 2: WITHDRAWN Resolution 2 was withdrawn prior to the meeting.
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13 ITEM 3: QUESTIONS APPOINTED 1 June 2026 SPECIAL RESPONSIBILITIES Audit and Risk Committee member PROFESSIONAL BACKGROUND Meredith is a highly experienced director and senior executive with more than 30 years’ experience in professional services, governance, financial oversight and strategic transformation. Her appointment strengthens the Board’s capabilities across consumer-facing businesses, digital commerce, risk management and financial governance. Meredith spent more than three decades with Ernst & Young (EY), including as a Partner, where she held several senior leadership roles advising boards and executive teams across the consumer, retail, hospitality and financial services sectors. During this time, she worked extensively with large consumer brands and multi-site operators on matters including financial reporting, operational performance, supply chain resilience, digital transformation and regulatory compliance. Through her advisory and board career, Meredith has developed deep expertise in customer focused businesses with complex operating footprints, including businesses operating franchise and multi-location models similar to those in the quick service restaurant sector. Ms Scott also serves as a non-executive director of Zip Co Limited, an ASX-listed digital payments and consumer finance platform, where she contributes to board oversight of strategy, financial performance, audit and risk management in a regulated and technology-enabled consumer environment. Her experience provides valuable insight into digital payments, data-driven customer engagement and evolving consumer behaviour, all of which are increasingly important to modern quick service restaurant businesses. QUALIFICATIONS Fellow, Chartered Accountants Australia & New Zealand (CA ANZ) Graduate of the Australian Institute of Company Directors (GAICD) MEREDITH SCOTT INDEPENDENT NON-EXECUTIVE DIRECTOR Member: Audit & Risk Committee ITEM 3: ELECTION OF DIRECTOR — MEREDITH SCOTT To consider and, if thought fit, to pass the following resolution as an ordinary resolution: That Meredith Scott who, having been appointed on 1 June 2026 as a Director in accordance with the Company’s constitution, retires as a Director of the Company and being eligible for election, be elected as a Director of the Company.
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14 ITEM 5: SHAREHOLDER APPROVAL FOR AMENDED LTIP To consider and, if thought fit, to pass the following resolution as an ordinary resolution: • That for the purpose of Listing Rule 7.2, Exception 13 and for all other purposes, the Collins Foods Limited Executive and Employee Incentive Plan (LTIP), the terms of which are summarised in the Explanatory Notes, be approved. ITEM 4, 5 AND 6: QUESTIONS ITEM 4: ADOPTION OF REMUNERATION REPORT To consider and, if thought fit, to pass the following resolution as a non-binding ordinary resolution in accordance with section 250R(2) of the Corporations Act: • That the Remuneration Report (which forms part of the Directors’ Report) in respect of the period ended 3 May 2026 be adopted. ITEM 6: APPROVE GRANT OF PERFORMANCE RIGHTS TO XAVIER SIMONET To consider and, if thought fit, to pass the following resolution as an ordinary resolution: • That: a. for the purpose of Listing Rule 10.14 and for all other purposes, approval is given for the grant of 157,555 Performance Rights, to the Managing Director and Chief Executive Officer of the Company, Xavier Simonet and for the issue of Shares upon exercise of those Performance Rights; and b. for the purpose of section 200E of the Corporations Act, approval is given to the giving of a benefit to the Managing Director and Chief Executive Officer of the Company, Xavier Simonet, in connection with any vesting of those Performance Rights on the cessation of Xavier Simonet’s employment with the Company or a related body corporate of the Company, in each case in accordance with the Collins Foods Limited Executive and Employee Incentive Plan (LTIP), on the terms set out in the Explanatory Notes.
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DISCLAIMER C o l l i n s F o o d s L i m i t e d A C N 1 5 1 4 2 0 7 8 1 ( C K F ) | L e v e l 3 , K S D 1 , 4 8 5 K i n g s f o r d S m i t h D r i v e , H a m i l t o n Q L D 4 0 0 7 , A u s t r a l i a This presentation contains forward looking statements which may be subject to significant uncertainties beyond CKF's control. No representation is made as to the accuracy or reliability of forward-looking statements or the assumptions on which they are based. Circumstances may change and the forward-looking statements may become outdated as a result, so you are cautioned not to place undue reliance on any forward-looking statement. The Company is of a kind referred to in ASIC Corporations (Rounding in Financial/ Directors' Reports) Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to the 'rounding off' of amounts in the presentation Amounts in the presentation have been rounded off in accordance with that Instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar. Any discrepancies between totals, sums of components and differences in tables and percentage variances calculated contained in this presentation are due to rounding. www.collinsfoods.com DISCLAIMER C o l l i n s F o o d s L i m i t e d A C N 1 5 1 4 2 0 7 8 1 ( C K F ) | L e v e l 3 , K S D 1 , 4 8 5 K i n g s f o r d S m i t h D r i v e , H a m i l t o n Q L D 4 0 0 7 , A u s t r a l i a This presentation contains forward looking statements which may be subject to significant uncertainties beyond CKF's control. No representation is made as to the accuracy or reliability of forward-looking statements or the assumptions on which they are based. Circumstances may change and the forward-looking statements may become outdated as a result, so you are cautioned not to place undue reliance on any forward-looking statement. The Company is of a kind referred to in ASIC Corporations (Rounding in Financial/ Directors' Reports) Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to the 'rounding off' of amounts in the presentation Amounts in the presentation have been rounded off in accordance with that Instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar. Any discrepancies between totals, sums of components and differences in tables and percentage variances calculated contained in this presentation are due to rounding. www.collinsfoods.com Investors Andreas Lundberg Fortitude IR P: +61 457 650 482 E: andreas.lundberg@fortitudeir.com.au Steve Loxton Fortitude IR P: +61 412 595 133 E: steve.loxton@fortitudeir.com.au Media Max Hewett Patterson Advisory P: +61 432 332 215 E: mhewett@pattersonadvisory.com.au