The ONE Group Hospitality (STKS) Investor presentation summary

Strategic vision and business model

• Aims to be the global leader in VIBE dining, focusing on memorable guest experiences and operational excellence.

• Operates a portfolio of iconic brands including STK, Benihana, Kona Grill, and RA Sushi, each offering unique experiential dining.

• Pursues a four-point strategy: leveraging corporate G&A, driving same store sales, improving operational efficiency, and focusing on license/management deals.

• Emphasizes asset-light growth through franchising, licensing, and managed venues, targeting capital-efficient expansion.

• Prioritizes innovation in menus, marketing, and digital engagement to drive frequency and loyalty.

Financial performance and growth

• Total revenues reached $815.9M in the trailing twelve months, with 2026 guidance at $847.5M.

• Adjusted EBITDA increased to $92.0M TTM, with a 2026 guidance midpoint of $105.0M.

• Operating income rose 30% and Adjusted EBITDA grew 12% year-over-year in Q1 2026.

• Owned restaurant cost of sales improved to 19.4% of net revenue in Q1 2026.

• Capital expenditures, net of allowances, reduced by 23% year-over-year, supporting free cash flow generation.

Brand and portfolio development

• Operates 157 venues across 31 states and 11 countries, with significant white space for expansion.

• Completed first RA Sushi to STK conversion in Scottsdale, AZ, with positive results.

• Entered two new asset-light development agreements in California and Florida.

• Focuses on company-owned openings with buildout costs of $1.5M or less.

• Targets 3-5 annual STK and Benihana unit growth, plus 1-3 new F&B managed deals.