TH International (THCH) Q1 2025 Earnings Call June 24, 2025 08:00 AM ET Company Participants Gemma Bakx - IR & Corporate CommunicationYongchen Lu - CEO & DirectorDong Li - CFO Conference Call Participants Steve Silver - Senior Equity Research Analyst Operator Ladies and gentlemen, welcome to Tim's China First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode during management prepared remarks, and there will be a question and answer session to follow. Today' ...

Financial Data and Key Metrics Changes - The company achieved a 3.5% increase in system sales year over year in Q1 2025, with profits from other revenues increasing by 34.5% year over year [11][16] - Adjusted corporate EBITDA margin improved by 6.1 percentage points year over year, while company-owned and operated store contribution margin improved by 5.9 percentage points [10][15] - Monthly average transacting customers reached 2,920,000, a 4.3% increase from the previous year [16] Business Line Data and Key Metrics Changes - Revenue from franchised and retail businesses increased by 28.6% year over year, while company-owned and operated store revenue dropped by 14% year over year [16][19] - The number of franchised stores increased from 302 to 455 year over year [16] Market Data and Key Metrics Changes - The company expanded its store footprint into 84 cities, including Fujian and Nantang, and received over 7,000 franchise applications since launching the individual franchisee program [12][21] - The largest loyalty club members reached 25,200,000, reflecting a 25.7% year over year growth [12] Company Strategy and Development Direction - The company is focusing on a differentiated strategic positioning in coffee plus freshly prepared food, launching new products like the light and fit lunch box to reshape consumer perceptions [6][8] - The company aims to open around 200 made-to-order stores in 2025, with most openings expected in the second half of the year [27] Management's Comments on Operating Environment and Future Outlook - Management noted that the Chinese consumer sentiment remains cautious, with the economy struggling, but they are optimistic about achieving positive same store sales growth in 2025, especially in the second half [29][40] - The company is committed to sustainable profitable growth and generating long-term value for shareholders [21] Other Important Information - The company has implemented strategic marketing initiatives to drive traffic and increase average transaction value, including co-branded collaborations and a brand birthday campaign [13][14] - Operational efficiencies and cost controls have been emphasized, leading to a reduction in food and packaging costs as a percentage of revenues [18][19] Q&A Session Summary Question: Outlook for new store openings and franchise applications - Management indicated that Q1 is typically slow, but they plan to accelerate store openings in the second half of the year, aiming for around 200 made-to-order stores [24][27] Question: Current state of the Chinese consumer and government stimulus - Management noted that consumer morale has not significantly improved post-Chinese New Year, and they are waiting to see the effects of government policies on consumption [28][29] Question: Competition and market growth - Management stated that the market has become more rational, focusing on differentiation rather than price competition, and emphasized their unique coffee plus food combo offerings [31][33]

Q1 2025 Earnings Presentation Tims China Nasdaq: THCH June 24, 2025 This Presentation contains trademarks, service marks and trade names of third parties, which are the property of their respective owners. The use or display of third parties' trademarks, service marks, trade names or products in this Presentation is not intended to, and does not imply, a relationship with THIL, or an endorsement or sponsorship by or of THIL. Solely for convenience, the trademarks, service marks and trade names referred to i ...

Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, reported a 3.5% year-over-year increase in system sales to RMB376.3 million (USD51.9 million) for Q1 2025, despite a 9.5% decrease in total revenues to RMB300.7 million (USD41.4 million) [1][6][4] - The company achieved a significant improvement in its company-owned and operated store contribution margin, which increased by 5.9 percentage points to 6.7% [4][6] - The registered loyalty club members grew by 25.7% year-over-year, reaching 25.1 million by the end of Q1 2025 [1][6] Financial Performance - Total revenues for Q1 2025 were RMB300.7 million (USD41.4 million), down from RMB332.1 million in Q1 2024, marking a 9.5% decrease [6][7] - System sales increased to RMB376.3 million (USD51.9 million), reflecting a 3.5% growth compared to the same quarter of the previous year [6][7] - The company-owned and operated store contribution was RMB17.2 million (USD2.4 million), a significant increase from RMB2.3 million in Q1 2024 [6][7] Cost Management - The company successfully reduced various costs, including food and packaging costs by 24.6% year-over-year, and payroll and employee benefits expenses by 23.3% [8][10][11] - Marketing expenses decreased by 11.8% to RMB17.4 million (USD2.4 million) [10] - General and administrative expenses were reduced by 4.9% to RMB51.8 million (USD7.1 million) [11] Operational Developments - The company opened 2 new stores, resulting in a total of 1,024 stores as of March 31, 2025, with 569 being company-owned and operated and 455 franchised [20][6] - The launch of the "Light & Fit Lunch Box" product line aimed to enhance sales and improve store unit economics [3][4] - The company plans to focus on operational efficiencies and supply chain optimizations in the upcoming quarters [4][3] Market Position - Tims China was recognized in the 2025 China Restaurant Franchise Brand Top 100 list, highlighting its growing brand presence [24] - The company continues to expand its franchise business, increasing the number of franchised stores from 302 to 455 year-over-year [8][6]

SHANGHAI, and NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- TH International Limited (“Tims China” (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops in China, plans to release its first quarter results before market opening on Tuesday June 24, 2025, with a conference call to follow at 8:00 AM EST or 8:00 PM China Standard Time. The conference call will be webcast, and can be accessed on the company website at https://ir.timschina.com/events-presentations/presentations-webcasts. Participants ...

Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, has launched its new Loaded Power Bowls nationwide, expanding its healthy lunch options [1][9] - The Loaded Power Bowls feature a "2 + 8 + 8" configuration, including two portions of protein, eight grains, and eight vegetables, catering to health-conscious consumers [2][3] - The introduction of these bowls aligns with a national health initiative in China focused on weight management, reflecting a growing consumer demand for healthier meal options [6][9] Product Details - Each Loaded Power Bowl contains 18 ingredients, including premium proteins like tuna and chicken, a variety of grains, and colorful vegetables, all freshly oven-heated to maintain flavor [2][3][4] - The bowls are offered at an accessible price point, starting from RMB 30 with discounts available, making them a value-driven choice for consumers [5][9] Strategic Positioning - Tims China is redefining the café experience by integrating warm meals with coffee offerings, positioning itself as a destination for healthy dining [10][11] - The company emphasizes a commitment to fresh and healthy eating, as evidenced by its calorie counts and grading systems for beverages, enhancing consumer awareness of dietary choices [7][11]

（文/夏峰琳 编辑/周远方） 加拿大国民咖啡，在中国能不能打？对标谁，怎么打？ 这是2019年"前疫情时代"就加入Tims中国的职业经理人卢永臣，一直必须回答的问题。 一面是资本市场耐心有限，Tims天好中国（NASDAQ: THCH）在纳斯达克的股价，已经长期横盘在2-3 美元区间，市值从巅峰期的14亿美元缩水至不足1亿美元。 另一面是中国咖啡市场巨大动能下的"同行衬托"：2024年，中国咖啡产业规模以17.14%的年均复合增长 率扩张至2654亿元，上有全球龙头星巴克的市值长期稳定在900亿美元以上还开卷下沉和价格战；下有 本土新锐瑞幸、库迪们早已在万店量级上比拼规模；旁有"赛道融合"带来的新玩家蜜雪冰城和霸王茶姬 缩小差异化打法空间。 对Tims中国来说，所有人都心知肚明，要在市场上保持真正的竞争力，烧钱换取规模效应是一条必由 之路，似乎又是一条必死之路。背后的国际资本RBI集团，没有决心壮士断腕，又没有耐心延后满足。 种种因素综合，带来一份有趣的最新财报：公司2024年全年营收同比下降10.8%至13.91亿元，净利润亏 损同比减少53.15%至-4.09亿元，盈利能力大幅修复。 然而，细究背后的逻辑 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

TH International Limited (NASDAQ:THCH) Q4 2024 Results Conference Call April 15, 2025 8:00 AM ET Company Participants Gemma Bakx - Head, Investor Relations Yongchen Lu - Chief Executive Officer & Director Albert Li - Chief Financial Officer Conference Call Participants Steve Silver - Argus Research Corporation Operator Ladies and gentlemen, welcome to Tims China's Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. At this time, I would like to turn th ...

Core Insights - TH International Limited, the exclusive operator of Tim Hortons in China, reported its unaudited financial results for Q4 and full year 2024, highlighting significant operational improvements and strategic growth initiatives [1][4][5]. Financial Performance - Total revenues for Q4 2024 were RMB332.6 million (USD45.6 million), a decrease of 12.0% from RMB377.9 million in Q4 2023 [6][8]. - Full-year total revenues were RMB1,391.2 million (USD190.6 million), representing a 10.8% decrease from 2023 [6]. - Company owned and operated store contribution margin improved by 3.9 percentage points to 4.8% in Q4 2024 compared to the same quarter of 2023 [5][6]. Operational Highlights - The company opened 76 new stores in Q4 2024, bringing the total to 1,022 system-wide stores by year-end [1][6]. - Registered loyalty club members reached 24.0 million, reflecting a year-over-year growth of 29.7% [1][6]. - The company achieved a significant increase in company owned and operated store contribution, which rose by 353.1% to RMB13.0 million (USD1.8 million) in Q4 2024 [6][8]. Cost Management - The company reported a decrease in food and packaging costs by 26.5% in Q4 2024, benefiting from supply chain efficiencies [9][12]. - Payroll and employee benefits expenses decreased by 26.7% in Q4 2024, attributed to optimized staffing arrangements [9][12]. - Marketing expenses were reduced by 35.0% in Q4 2024, reflecting cost optimization measures [12][13]. Strategic Initiatives - The CEO emphasized the company's strategic positioning in "Coffee + Freshly Prepared Food" and the completion of renovations in nearly all company-owned stores [4][5]. - The company received over 6,200 sub-franchisee applications by year-end, indicating strong interest in its franchise model [4]. - Tims China launched new product offerings and marketing campaigns to enhance customer engagement and brand presence [24][27]. Future Outlook - The CFO expressed confidence in achieving full-year corporate EBITDA breakeven, focusing on improving store unit economics and operational efficiencies [7][5]. - The company aims to further enhance its supply chain capabilities and accelerate sub-franchising expansion [7].