Investor Presentaiton
A HIGHLY FRAGMENTED RELEVANT
MARKET
BRAZILIAN FOOD SERVICE
MARKET
2022
BRAZILIAN FAST FOOD
MARKET
2022
INDEPENDENT
X CHAINED
2022
Source: Euromonitor
38%
28%
R$442 Bn
7%
5%
22%
48%
30%
4%
R$99 Bn
16%
1%
Coffee Shops/Bars
Fast Food Restaurants
Other
Full-Service
Kiosks
Other
Bakeries
Pizza
Burger
Chicken
91%
R$442 Bn
9%
Chained
Independent
The Brazilian fast food market is
largely fragmented and
dominated by independent
competitors
MARKET #1
MARKET PROGRESS FOR
BURGER FAST FOOD
BOOMING MARKET
CAGR
8.3%
CAGR
MARKET PROGRESS FOR
CHICKEN FAST FOOD
15.8%
R$ Bn
16.2
16.7
17.2
17.8
R$ Bn
10.3
11.7
12.4
10.9
12.9
1.4
1.5
1.6
1.7
0.7
0.8
0.9
0.9
0.7
2017
2018
2019
2020
2021
2022 2023e 2024e 2025e
2017
2018
2019
2020
2021
2022
2023e 2024e 2025eView entire presentation