Financial Performance - Total revenue increased by $39.5 million, or 14.2%, to $316.6 million for 2022 compared to $277.2 million for 2021[137] - Net income attributable to The ONE Group Hospitality, Inc. was $13.5 million in 2022, down from $31.3 million in 2021[142] - Adjusted EBITDA for 2022 was $41,324, slightly down from $43,194 in 2021, reflecting a decrease of 4.3%[178] - Restaurant Operating Profit was $50,805, down from $52,407 in 2021, resulting in a margin of 16.9% compared to 19.8% the previous year[179] - Owned restaurant net revenue increased to $300,859, up from $264,404 in 2021, representing a growth of 13.8%[174] - Management and license fee revenues increased by $3.0 million, or 23.5%, to $15.8 million in 2022, attributed to strong performance at managed restaurants in North America[184] Sales and Growth - Same store sales increased by 10.8% in 2022 compared to 2021, with STK same store sales up by 17.1% and Kona Grill same store sales up by 2.5%[137] - Same store sales for STK increased by 69.1% and for Kona Grill by 26.3% on a three-year basis compared to 2019[140] - The company plans to open 8 to 12 new venues in 2023, including a Kona Grill in Columbus, Ohio, which opened in January 2023[132] - The company expects to expand STK to 200 restaurants globally, with plans to open 5 to 6 STKs annually[143] - Kona Grill is projected to grow to 200 restaurants, with 3 to 5 openings annually, including two under construction in Riverton, Utah, and Phoenix, Arizona[145] Expenses and Costs - Pre-opening expenses increased significantly to $5,519 from $1,037 in 2021, indicating a rise of 431.5%[174] - Owned restaurant cost of sales as a percentage of owned restaurant net revenue decreased to 25.0% from 25.5%[175] - Owned restaurant operating expenses increased by $30.2 million, or 20.9%, to $174.7 million in 2022, with operating costs as a percentage of net revenue rising to 58.1%[186] - Food and beverage costs for owned restaurants rose by $7.9 million, or 11.7%, to $75.4 million in 2022, with cost of sales as a percentage of revenues decreasing to 25.0%[185] - General and administrative costs increased by $3.5 million, or 13.7%, to $29.1 million in 2022, maintaining a consistent percentage of revenues at 9.2%[187] Cash Flow and Financing - Net cash provided by operating activities was $25.3 million for 2022, a decrease from $31.0 million in 2021, primarily due to payments on accrued expenses[215] - Net cash used in investing activities for 2022 was $32.7 million, mainly for the construction of new restaurants compared to $11.5 million in 2021[216] - Net cash provided by financing activities was $39.1 million for 2022, compared to a net cash used of $20.3 million in 2021, driven by a $50.0 million borrowing under the amended Credit Agreement[217] - As of December 31, 2022, the company had cash and cash equivalents of $55.1 million and long-term debt of $74.3 million[197] - The company entered into a Fourth Amendment to the Credit Agreement, allowing for a new $50.0 million delayed draw term facility for acquisitions and capital expenditures[202] Market and Economic Conditions - The company experienced inflationary pressures in 2022, impacting labor, food, and occupancy costs, with a strategy to maintain operating margins through menu price increases and cost controls[237] - The company is exposed to market price fluctuations in food product prices, which can materially impact food and beverage costs[236] - The company is exposed to market risk from changes in interest rates, with borrowings under the Credit Agreement subject to SOFR plus a 6.5% margin[238] - The company faces foreign currency exchange rate risk in operations across the UK, Italy, Canada, Mexico, and the Middle East[239] - The company currently does not use financial instruments to hedge against foreign currency exchange rate changes[239]

THEONE OF GROWTH +550 bps 17.3% 11.8% FY 2019 Q3 2022 TTM -Fine Dining Steak Index STK 81.9% - 70.6% 63.0% 62 5% 00.0% 64.3% 26.2% 20.4% 17.8% 14.7% 10.4% 8.1% 1.9% (17,35) Adjusted G&A % of GAAP Revenue STK Same Store Sales Growth vs. 2019 11.5% 2018 Kona Grill Same Store Sales Growth vs. 2019 Total Venues Count Potential Historical Venue Growth 63 24 12:21:0017 Current | --- | --- | |----------------------------|---------------| | | | | SELECT 2023 Expected Units | | | STK | Kona Grill | | Charlotte, NC | ...

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Tyler Loy - Chief Financial Officer Manny Hilario - Chief Executive Officer Conference Call Participants Mark Smith - Lake Street J.P. Wollam - ROTH Capital Partners Daniel Imbro - Stephens David Kanen - Kanen Wealth Management. Operator [Abrupt Start] ONE Group Third Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Tyle ...

THE ONE GROUP HOSPITALITY, INC. Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37379 If an emerging growth company, indicate by a check mark if the regi ...

One Group Hospitality, Inc. (NASDAQ:STKS) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Tyler Loy - CFO Emanuel Hilario - President, CEO & Director Conference Call Participants Nicole Miller - Piper Sandler & Co. Nerses Setyan - Wedbush Securities Mark Smith - Lake Street Capital Markets Operator Greetings, and welcome to the ONE Group Second Quarter 2022 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference call is being recorded. I'd now like t ...

Revenue Performance - Total revenues increased by $10.4 million, or 14.6%, to $81.1 million for the three months ended June 30, 2022, compared to $70.8 million for the same period in 2021[88]. - Total revenues increased by $34.1 million, or 28.1%, to $155.3 million for the six months ended June 30, 2022, compared to $121.2 million for the same period in 2021[90]. - Total revenues for the three months ended June 30, 2022, reached $81.125 million, compared to $70.760 million for the same period in 2021, reflecting a significant growth[96]. Same Store Sales - Same store sales increased by 12.8% in Q2 2022 compared to Q2 2021, with STK same store sales up by 19.8% and Kona Grill same store sales up by 3.7%[88]. - Comparable restaurant sales increased by 12.8% for the second quarter of 2022 compared to the second quarter of 2021, indicating strong sales performance[103]. - Comparable restaurant sales increased by 26.3% in the first half of 2022[114]. Operating Profit and Income - Restaurant operating profit decreased by $2.6 million, or 16.7%, to $12.8 million for the three months ended June 30, 2022, compared to $15.3 million for the same period in 2021[89]. - Operating income for the three months ended June 30, 2022, was $5.753 million, down from $7.756 million in the same period of 2021[100]. - Operating income for the six months ended June 30, 2022, was $10.0 million, compared to $8.6 million for the same period in 2021[90]. Net Income and EBITDA - Net income attributable to The One Group Hospitality, Inc. was $4.303 million for the three months ended June 30, 2022, compared to $13.836 million for the same period in 2021[99]. - Adjusted EBITDA for the three months ended June 30, 2022, was $10.561 million, compared to $13.205 million for the same period in 2021[99]. Expenses and Costs - Food and beverage costs for owned restaurants increased by $8.8 million, or 30.0%, to $38.0 million for the six months ended June 30, 2022, from $29.2 million for the same period in 2021[116]. - Owned restaurant operating expenses increased by $20.5 million to $83.7 million for the six months ended June 30, 2022, from $63.2 million for the same period in 2021[117]. - General and administrative costs increased by $2.8 million, or 25.0%, to $14.1 million for the six months ended June 30, 2022, compared to $11.3 million for the same period in 2021[118]. Cash Flow and Financing - Net cash provided by operating activities was $14.9 million for the six months ended June 30, 2022, compared to $19.8 million for the same period in 2021[136]. - Net cash used in financing activities for the six months ended June 30, 2022, was $1.8 million, with $1.4 million allocated to employee taxes for shares withheld upon vesting of restricted stock units[138]. - Net cash provided by financing activities for the six months ended June 30, 2021, was $2.6 million, primarily from proceeds of stock options and warrants[138]. Future Plans and Growth Strategy - The company plans to open at least nine new venues in 2022, including two STK and two Kona Grill restaurants, and three licensed units in Texas for takeout and delivery[83]. - The company aims to increase same store sales and improve operating efficiency as part of its growth strategy[86]. COVID-19 Impact - COVID-19 related expenses were $0.2 million for Q2 2022, down from $1.1 million in Q2 2021, reflecting improved operational conditions[84]. - COVID-19 related expenses decreased to $2.5 million for the six months ended June 30, 2022, from $2.6 million in the prior year period[121]. Assets and Capital Expenditures - Total assets as of June 30, 2022, amounted to $235.227 million, an increase from $229.835 million as of December 31, 2021[96]. - Capital asset additions for the three months ended June 30, 2022, totaled $7.641 million, compared to $2.758 million for the same period in 2021[96]. - Capital expenditures were $12.1 million for the six months ended June 30, 2022, primarily for the construction of new STK and Kona Grill restaurants[126]. Accounting and Impairment Testing - The company has added a critical accounting estimate regarding indefinite-lived intangible assets, which are tested for impairment annually or on an interim basis[141]. - Qualitative factors considered for impairment testing include historical financial performance, expected future cash flows, and macroeconomic conditions[142]. - Quantitative assessments for impairment require estimates on future cash flows, including projected revenue growth and operating expenses[143]. - Changes in economic conditions and operating performance may affect the company's ability to realize future cash flows[143]. - The company does not expect recent accounting pronouncements to significantly impact its consolidated financial position or results of operations[140]. - As a "smaller reporting company," the company is not required to provide detailed market risk disclosures[144].

The ONE Group Hospitality Inc. (NASDAQ:STKS) Q1 2022 Earnings Conference Call May 6, 2022 8:00 AM ET Company Participants Tyler Loy - CFO Manny Hilario - President & CEO Conference Call Participants Nicole Miller - Piper Sandler Nick Setyan - Wedbush Securities Mark Smith - Lake Street Capital Markets Operator Good morning, everyone. And welcome to The ONE Group First Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today’s presentation, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37379 THE ONE GROUP HOSPITALITY, INC. | (Exact name of registrant as specified in its charter) | | | --- | -- ...

Table of Contents | UNITED STATES | | | --- | --- | | SECURITIES AND EXCHANGE COMMISSION | | | Washington, D. C. 20549 | | | FORM 10-K | | | (Mark One) | | | ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the fiscal year ended December 31, 2021 | | | OR | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the transition period from _________ to ___________ | | | Commission File Number 001-37379 | | | The ...

The ONE Group Hospitality Inc. (NASDAQ:STKS) Q4 2021 Results Earnings Conference Call March 14, 2022 8:30 AM ET Company Participants Tyler Loy - Chief Financial Officer Emanuel Hilario - President and Chief Executive Officer Conference Call Participants Nick Setyan - Wedbush Securities Joshua Long - Piper Sandler Mark Smith - Lake Street Capital Operator Greetings, and welcome to The ONE Group Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question- ...