Cooks Coffee Company Limited logo

2024 AGM Presentation

AGM9 September 2024CCCConsumer Staples

CooksCoffee Company
ANNUAL GENERAL MEETING

10th September2024

Introduction
Chairman’s Address

Trading Update

Resolutions

1

Agenda

Stock Listings
New Zealand Stock Exchange (NZX): CCC

Aquis Exchange in London: COOK

Franchise Model

Cooks promotes individual entrepreneurship and local community

engagement through its franchise model.

Key Operations of Esquires Coffee

Focus Regions: UK and Ireland

Master Franchise Countries: Bahrain, Indonesia, Jordan, Kuwait, Pakistan,

Portugal, Saudi Arabia,

Sustainability Commitment

Cooks Coffee is dedicated to the highest standards of sustainability, with all

coffee being organic and sourced from certified suppliers.

Growth and Reach

International Markets: 9

Total Outlets: 104 (as of Sep 2024)

2

Company Overview

MISSION AND

VALUES

Cooks Coffee is building an ethical café

group with great cafés owned and run

by local people. We are committed to

continually improving our products

and services through innovation.

UK Business Model
Regional Developer System

COOKS’ ESQUIRES

BRAND

Store sales grew

32.4%

22 weeks to 1st September

Storenumbersincreasedby

13% to 68

3

Royalty income from franchised stores is shared between the company and regional

developers. Regional developers have their own staff managing the stores in their region

with oversight and support from Esquires Coffee UK.

ESQUIRES COFFEE UK

REGIONAL

DEVELOPER 1

50 Stores

LondonSouth

East East

Midlands

East of England

REGIONAL

DEVELOPER 2

10 Stores

West Midlands

South West

South Wales

REGIONAL

DEVELOPER 3

8 Stores

Yorkshire & Humber

North East North

West North Wales

REGIONAL

DEVELOPER 4

Scotland

TBA

REGIONAL

DEVELOPER 5

Northern

Ireland

TBA

FRANCHISEESFRANCHISEESFRANCHISEESFRANCHISEESFRANCHISEES

4
UK Store Portfolio

Stores By Type

High Street

Development

Shopping Mall

Bicester, Oxfordshire

Crawley, West Sussex

Godalming, Surrey

ESQUIRES
IRELAND

Store sales grew

+6.4%

22 weeks to 1

st

September

v last year.

Like for like sales +6.6%

IRISH Business Model

Direct Systemwith multi-site owners

–15 stores

ESQUIRES COFFEE

HOUSES (IRELAND)

One Store –4

Owners =4

2 Stores -4

Owners=8

3 Stores –1

Owners=3

5

Royalty income from franchised stores is paid to the companyweekly based on till

sales.

6
Objectives & Brand positioning

Objectives

Grow Existing Network Sales: Increase Like for Like sales at more than

inflation

Expand Market Presence: Increase footprint in the UK and Ireland by

opening new storeswith the target of achieving >300 within 10 years

Enhance Brand Recognition: Strengthen brand identity and community

engagement

Sustainability Leadership: Lead with sustainability in mind and practice

Franchise Support: Provide robust support to franchisees to ensure

consistent quality and customer experience.

Brand Positioning

Emphasise ethical sourcing, community engagement, and local

ownership

Highlight sustainability credentials and certified coffee sources

Appeal to “premium mainstream” consumers

TargetAudience

Urban professionals, coffee enthusiasts, environmentally conscious

consumers, local communities

FY25 NEW

STORES

Openings

UK: Colliers Wood, Newport,

Sudbury, Pinner, Ruislip, Newbury,

Chesterwell, Cardiff

Ireland: Galway - Wellpark

7
Company positioning

Unique Selling Points of Cooks CoffeeEsquires brand

Ethical café group with a strong local ownership model Commitment to

sustainability with certified coffee sources

Focus on community engagement and supporting local entrepreneurs

Empower entrepreneurs with a proven franchise system and

comprehensive support

Differentiate by fostering local entrepreneurship and community ties

Demonstrate ability to expand rapidly with a strategic focus on key

international markets

Outperforming overall market growth and industry leaders in 2024

Investment Appeal

Market Opportunity: Positioned in a growing industry with increasing

consumer demand for specialty coffee and sustainable practices

Proven Track Record: Successful expansion into new markets with a

clear strategy for continued growth

Revenue Diversification: Multiple revenue streams from franchise fees

and store sales

Management Expertise: Experienced leadership team with a strong

understanding of the coffee retail sector

8
Board of Directors and Management

Keith Jackson

Executive Chairman

Michael Ambrose

Independent Director

Elena Garside

Independent Director

Paul Elliott

Independent Director

Gareth Lloyd-Jones

Independent Director

PeihuanWang

Director

Aiden Keegan

Group CEO, Managing Director (UK)

Gordon Robinson

Independent Director

Brendan Duigenan

ManagingDirector(Ireland)

Katie Scott

Chief Financial Officer

9
Introduction to CEO & CFO

AidenKeegan

GroupCEO/ManagingDirector, UK

Aiden has more than 25 years’ experience in the food and beverage industry, with

strong skills in franchisee and supplier relationship as well as optimisation of

operational systems. Aiden has been with Esquires for more than 20 years and was

Operations Manager in Ireland before taking up his current role.

Katie Scott

Chief Financial Officer

Katie has recently returned to the UK from more than 20 years living in Australia

where she held senior finance roles in various industries including airlines,

property, media & travel.

10
Summary

Listing

Listed on the New Zealand Stock Exchange (NZX: CCC) and Aquis Exchange in London

(Ticker: Cook).

Market Presence

104 outlets across 9 international markets, with a strategic focus on the UK and Ireland.

Brand Portfolio

Owns global rights* to Esquires Coffee, with core markets in UK and Ireland.

Value Proposition

Ethical and Sustainable: Committed to ethical sourcing and sustainability practices

Strong Community Focus: Supports local entrepreneurship and community initiatives

Experienced Management: Led by seasoned industry professionals with a proven

track record

Strong New Store Pipeline: 23% of sales in first 22 weeks of FY25 are from stores

opened since April 2023

Market Opportunity: Positioned in a growing industry with strong consumer demand

for premium coffee and sustainability

ETHICAL CAFÉ

GROUP

PROMOTING

LOCAL

OWNERSHIP

AND

COMMUNITY

ENGAGEMENT

*(excluding New Zealand & Australia)

Regional Stores
UK and ROI

11

UK - North East

Darlington

Middlesbrough

Scarborough

Sunderland

UK-NorthWest

Ambleside

StocktonHeath

UK - Yorkshire & The Humber

Doncaster

Wakefield

UK - East Midlands

Brackley

Corby

Leicester

Leicester Wullcomb

Loughborough

Northampton

UK - West Midlands

Hanley

Leamington Spa

Sandwell Aquatics Centre

Stratford-upon-Avon

UK - East of England

Basildon

Chesterwell

Hitchin

Hoddesdon

Houghton Regis

Kettering

Letchworth

Luton

Melton Mowbray

Southend-on-Sea

Stevenage

St Neots

Sudbury

UK - London

Balham

CollierWood

Pinner

Ruislip

Shepherd’s Bush

Twickenham

UK - South East

Alton

Aylesbury

Aylesbury Central

Aylesbury Lucas

Bicester

Buckingham

Crawley Mall

Crayford

Dartford

Dorking

Egham

Esher

Godalming

Guildford

Guilford Boxgrove

Horsham

Maidstone

Mursley Farm

Newbury

Southsea

Tunbridge Wells

Walton-on-Thames

Windsor

Worthing

UK - South West

Boscombe

Bournemouth

Yate

UK - Wales

Caerphilly

Cardiff (Mermaid Quays)

Newport

UK - Scotland

UK - Northern Ireland

Ireland

Carrick-on-Shannon

Castlecomer

Clonmel

Dublin – The Custom House

Dublin – Ilac Shopping Centre

Dublin – O’Connell Street

Dublin – Tallaght Shopping Centre

Galway–Eyre Square

Galway -Wellpark

Limerick

Longford

Mullingar

Navan

Roscommon

Swords

Cooks Coffee Company Limited
-Continuing Business

Financials FY22 –FY24

12

Trading Update
22 weeks to 1st September 2024

UK & Ireland store sales +23.1%

UK +32.4%, Ireland +6.4%

8 New Stores opened in UK & 1 in Ireland

Like for like sales growth in UK2.0% & Ireland

+6.6%

New stores opened since April 2023 contributed

23% of total sales in first 22 weeks FY25 YTD

Weekly sales record of store sales in week ending

1st September of > NZ$1.4m (Stg £0.7m)

Store sales expected to continue to build given

positive new store pipeline

ESTABLISHED

ASALEADING

ETHICALCAFÉ

GROUPPROMOTING

LOCALOWNERSHIP

ANDCOMMUNITY

ENGAGEMENT

13

Q&A

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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