Priszm Income Fund
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Priszm Income Fund - Company Capsule
Reference Code: FS0448CC
Published Date: April 2011
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Priszm Income Fund - Company Capsule Page 1
Priszm Income Fund
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Priszm Income Fund - Company Overview
Priszm Income Fund (Priszm) is a services company. The company owns independent quick service restaurant operators
globally. The company as an open-ended trust holds 60.2% interest in Priszm Limited Partnership and its general partner,
Priszm Inc. Priszm owns and operates restaurants like 400 KFC, Pizza Hut, Taco Bell and many more in seven provinces
across Canada. The company is one of the world’s largest KFC franchisee. The company manages its partnership with
438 restaurant outlets, located across Canada’s seven most populous provinces. The company also offers multi-branding
in more than 100 locations, which combines two or more brand concepts in one restaurant. The company is
headquartered in Ontario, Canada.
Financial Performance
The company reported revenue of CAD441.81 million during the fiscal year ended 2009. The company's revenue declined
at a compounded rate of 0.64% during the period 2007-2009 with a year on year decline of 2.73% over fiscal year 2008.
During the fiscal year 2009, its operating margin was 1.72% as against the operating margin of -10.52% in fiscal year
2008. During the fiscal year 2009, the company registered a net margin of -0.16% as against the net margin of -6.6% in
the fiscal year 2008.
Priszm Income Fund - Key Facts
Priszm Income Fund, Key Facts
101 Exchange Avenue,
Vaughan, Ontario (ON), L4K Ticker Symbol, Stock QSR.UN (Toronto Stock
Corporate Address: Exchange)
Exchange
5R6, Canada
Telephone + 1 416 7392900 No. of Employees 7,300
Fax + 1 416 6509249 Financial Year End December
URL www.priszm.com Revenue (in CAD Million) 441.81
Industry Financial Services Revenue (in USD Million) 387.55
Locations Canada
Source: Annual Report, Company Website, Primary and Secondary Research
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Priszm Income Fund - Company Capsule Page 2
Priszm Income Fund
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Priszm Income Fund - Major Products and Services
Priszm Income Fund (Priszm) is a Canada based investment services company. The company’s key products and
services include the following:
Priszm Income Fund, Major Products and Services
Services:
Investment services
Brands:
KFC
Pizza Hut
Taco Bell
Source: Annual Report, Company Website, Primary and Secondary Research
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Priszm Income Fund - Company Capsule Page 3
Priszm Income Fund
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Priszm Income Fund - Key Competitors
The following companies are the major competitors of Priszm Income Fund:
Premium Brands Income Fund
Tim Hortons Inc.
PDM Royalties Income Fund
Top 10 Canadian Financial Trust
A&W Revenue Royalties Income Fund
Livingston International Income Fund
SIR Royalty Income Fund
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Priszm Income Fund - Company Capsule Page 4
Priszm Income Fund
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Priszm Income Fund - Key Employees
Priszm Income Fund, Key Employees
Name Job Title Board Level Since Age
Borden Rosiak Director Non Executive Board 2004
Deborah Papernick Chief Financial Officer Senior Management 2009
Jay Peters Director Non Executive Board 2008 58
Jim Robertson Chief Operating Officer Senior Management 2009
John I. Bitove Chairman Executive Board
Lilly Di Massimo Director Non Executive Board
Stanley A. Thomas Director Non Executive Board 2003
Source: Annual Report, Company Website, Primary and Secondary Research
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Priszm Income Fund - Company Capsule Page 5
Priszm Income Fund
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Priszm Income Fund - Locations and Subsidiaries
Head Office
Priszm Income Fund
101 Exchange Avenue
Vaughan
Ontario (ON)
Zip: L4K 5R6
Canada
Tel: + 1 416 7392900
Fax: + 1 416 6509249
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Priszm Income Fund - Company Capsule Page 6
Priszm Income Fund
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Priszm Income Fund - Financial Ratios
Financial Ratios - Capital Market Ratios
Priszm Income Fund, Ratios based on current share price
Key Ratios 30-Jun-2010
P/E (Price/Earnings) Ratio 3.26
EV/EBITDA (Enterprise Value/Earnings Before Interest, Taxes, Depreciation and Amortization) 7.46
Enterprise Value/Sales 0.23
Enterprise Value/Operating Profit 13.46
Enterprise Value/Total Assets 0.54
Dividend Yield 0.68
Note: Above ratios are based on share price as of 30-Jun-2010. The above ratios are absolute numbers.
Source: Annual Report, Company Website, Primary and Secondary Research
Financial Ratios - Annual Ratios
Priszm Income Fund, Annual Ratios
Key Ratios Unit/Currency 2009 2008 2007 2006 2005
Equity Ratios
EPS (Earnings per Sh