FAT Brands(FAT) - 2021 Q1 - Earnings Call Presentation

Financial Highlights - System-wide sales increased by 353% compared to Q1 2020[3] - Same-store sales (SSS) grew by 78% compared to Q1 2020[4] - System-wide sales reached $1144 million[5] - Total revenue was $66 million in Q1 2021[5] - Adjusted EBITDA was $11 million in Q1 2021[5] Sales Performance - System-wide sales in Q1 2020 were $477 million, Q2 2020 were $732 million, Q3 2020 were $849 million, Q4 2020 were $1069 million[7] - Average weekly sales improved by 50% in April 2021 compared to March 2021[8] Financing - The company completed a whole business securitization with the closing of $1445 million Series 2021-1 Fixed Rate Asset-Backed Notes on April 26, 2021[8] - The securitization was priced with a weighted average fixed interest rate of 592% per annum[9]