Investor Presentaiton
STRONG
TRACK RECORD
OF GROWTH
Historical GAAP Revenue ($ in MM)
CAGR* = 26%
$277.2
$316.6
$380.0
Historical Adjusted EBITDA ($ in MM)
$360.0
CAGR* = 42%
$42.7
$41.3
$54.0
$50.0
$141.9
$120.7
$72.4
$68.9
$74.0
$14.3
$10.5
$9.6
$7.0
$4.5
2016
2017
2018
2019
2020
2021
2022
2023
Guidance
2016
2017
2018
2019
2020
2021
2022
2023
Guidance
Company-owned Restaurant Level Margin
11.8%
+510 bps
16.9%
2019
2022
STANDOUT SSS
PERFORMANCE
POST-COVID
STK SSS History
45.0%
1.0%
9.0%
8.0%
2017
2018
2019
2021
Adjusted G&A % of GAAP Revenue
14.3%
13.6%
11.5%
8.4%
8.6%
7.9%
7.9%
7.6%
2016
2017
2018
2019
2020
2021
2022
2023
Guidance
*CAGR and Adjusted G&A % based on the mid point of provided guidance
69.0%
First Quarter of The ONE
2022
SSS vs. 2019
STK Same Store Sales Growth vs. 2019
-- STK -Fine Dining Steak Index
81.9%
70.6%
63.8%
60.0%
62.9%
62.6%
54.3%
Kona Grill SSS History
Group Ownership
23.0%
26.9%
38.2%
27.5% 27.6%
27.7%
22.3%
Fulm
6.2%)
3.9% 4.6%
AVG of Q4'19 Q1'21
Q2'21
Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22
Q1'17 to
Q3'19
All eleven quarters were negative
SSS vs. 2019
Kona Grill Same Store Sales Growth vs. 2019
-Kona Grill -Casual Dining Index
38.2%
26.9%
27.5% 27.6%
27.7%
23.0%
22.3%
25.2%
14.7%
17.8%
20.4%
14.8%
10.4%
9.4%
8.1%
8.1%
8.4%
7.8%
1.9%
4.6%
3.8%
5.3%
0.4%
(17.3%)
(6.4%)
Q1'21 vs. Q2'21 vs.
'19
'19
03'21 vs.
'19
Q4'21 vs. Q1'22 vs.
'19
'19
Q2 '22 vs.
'19
Q3'22 vs.
'19
Q4'22 vs.
'19
Q1'21 vs. Q2'21 vs. Q3 '21 vs.
'19
'19
Q4'21 vs.
'19
Q1'22 vs.
'19
Q2'22 vs.
'19
Q3 '22 vs.
'19
Q4'22 vs.
'19
'19
"Fine dining steak index represents a simple average of same store sales growth of Ruth's Chris,
Flemings, and Capital Grill. Q1 22, Q2 '22, Q3 '22 and Q4 22 includes companies that reported SSS
vs. 19. Information is from Company's public filings.
*Casual dining index represents a simple average of same store sales growth of BJ's Restaurants,
Carraba's, Cheesecake Factory, Chuy's, Maggiano's, and Red Robin. Q1 22, Q2 '22, Q3 '22 and Q4 '22
includes companies that reported SSS vs. 19. Information is from Company's public filings.View entire presentation