Guzman y Gomez (GYG) AGM 2024 summary

Opening remarks and agenda

• Acknowledged traditional land custodians and welcomed board, management, and auditor; confirmed quorum and meeting constitution.

• Introduced board members, executive team, and outlined hybrid meeting format for shareholder participation.

• Detailed instructions for online Q&A and voting, emphasizing inclusivity and transparency.

• Presented agenda: chairman's address, Co-CEO address, formal business, and Q&A.

Financial performance review

• Statutory loss after tax of AUD 13.7 million, ahead of prospectus forecast; pro forma net profit after tax of AUD 5.7 million, up 94% year-on-year.

• Network sales reached AUD 959.7 million, a 26% increase over prior year, with 26 new restaurants opened globally.

• Pro Forma EBITDA of AUD 44.8 million, up 53% year-on-year; pro forma profit before tax of AUD 16.3 million, up 114%.

• Australia segment saw 8.1% comparable sales growth, with breakfast sales up 18%.

Board and executive committee updates

• Welcomed Hilton Brett as Co-CEO and Erik du Plessis as CFO, both bringing significant expertise.

• Farewell to co-founder Robert Hazan and Stephen Jermyn; Bruce Buchanan stepped down to focus on other commitments.

• Ian Rowden joined as independent non-executive director; Jackie Coombs and Marina Go appointed as committee chairs.