Gourmet — Investor Presentation 2021

Aug 27, 2021

Gourmet Master Co. Ltd.

Ticker : 2723 TT

2021.08.27

Company Overview

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 Brand Name :

• Founder/CEO ： Wu, Cheng-Hsueh

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• Paid-in Capital ： NT$1.80 billion (as of 2021.06.30)

• Focusing on chain stores of fresh bread, cakes and

beverages

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Company History

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US
No. of store ： 67 China
No. of store ： 571
Taiwan
No. of store ： 450
Hong Kong
No. of store ： 7
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Australia
No. of stores ： 14
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As of Jun 30, 2021

－ 2004 Opened the 1st store in Taiwan － 2005/02 Established company in Taiwan

－ 2005/12 Established the central kitchen and R&D center in central Taiwan

－ 2006/09 Established Golden 85

Investments, Inc. (US company)

2006

－ Opened the 1st store in Sydney

－ 2007/12 Opened the 1st store in Shanghai

－ 2008/09 Opened the 1st store in Irvine, CA in US

－ 2010/11 Listed on TWSE

－ 2012/07 Opened the 1st store in Hong Kong － 2013/09 US central kitchen in operation

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Group Structure

Gourmet Master (Cayman)

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100% 100% 100% 51% 100%
Taiwan China USA Australia Hong Kong
Self-own ： 31 Self-own ： 571 Self-own ： 65 JV ： 14 Self-own ： 6
Franchise ： 419 CK / DC ： 8 Cent kitchen :1 Cent kitchen ： 1 Franchise ： 1
Cent kitchen ： 3
Cent kitchen ： 1
65%
JV ： 2 (small size)
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As of Jun 30, 2021

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Progress & Initiatives……

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• China SSSG focus

• New format stores roll-out

• New growth engine from the US

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• Streamlining store/production/logistic

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Store remodeling in China

After

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Before

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Up & Coming café brand in the US

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Chino Hill store, California

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Financial Results

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Sales breakdown by region

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NT$mn
24,000 US, AU, HK 19%
14% 22%
13%
21,000 Taiwan 11% 22%
6%
18,000
China 16% 19% 17%
5% 17%
16%
15,000
4% 22%
17%
5% 25%
12,000
25%
32%
9,000 40%
72% 71% 67% 64%
62%
52% 72% 17%
6,000 61%
70%
54%
55%
3,000 58%
43%
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1H21
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Business plan for 2021

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Taiwan-

China-

Keep levelling up brand image

Launch new format stores and improve operation efficiency

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Other RegionsNew store openings in the U.S. following the operation of Brea central kitchen

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