{"id":3067,"date":"2018-03-28T14:33:14","date_gmt":"2022-06-20T12:20:46","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2022\/strategic-intent\/scorecard-by-strategic-matter\/"},"modified":"2022-06-22T12:39:26","modified_gmt":"2022-06-22T10:39:26","slug":"scorecard-by-strategic-matter","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2022\/strategic-intent\/scorecard-by-strategic-matter\/","title":{"rendered":"Strategy scorecard"},"content":{"rendered":"<p>The following commentary summarises the Group\u2019s progress in 2022 against seven key strategic matters. These targets and goals need to be viewed in the context of another challenging pandemic year, where our primary focus was the financial sustainability of our business. <\/p>\n<h2>Improve our operational efficiencies <\/h2>\n<p><img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-1.png\" alt=\"\"><\/p>\n<div class=\"highlightg2\">\n  <img class=\"top-right\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-2.png\" alt=\"\"><\/p>\n<p class=\"bold maroon\">We need to ensure we are as efficient as possible to ensure the long-term sustainability of the business and that of our franchise partners. It will support our goal of being the leading innovative branded food services business in our markets. We measure our performance by revenue growth and operating profit growth. <\/p>\n<\/div>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-3.png\" alt=\"\">\n<\/div>\n<h3>Material strategic KPIs<\/h3>\n<div class=\"row\">\n<div class=\"col-md-4\"><img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-4.png\" alt=\"\"><\/div>\n<div class=\"col-md-4\"><img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-5.png\" alt=\"\"><\/div>\n<\/div>\n<h2>Enhance our financial performance<\/h2>\n<div class=\"highlightg2\">\n  <img class=\"top-right\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-2.png\" alt=\"\"><\/p>\n<p class=\"bold maroon\">We aim to grow capability, capacity and scale across manufacturing, branded franchised and food services spaces. Trading conditions in all the Group\u2019s markets are incredibly challenging. We need to make strategic choices to ensure our business is optimally structured to be efficient, competitive, achieve our benchmarks and meet the expectations of our stakeholders. We measure our performance against HEPS, ROCE and total shareholder return (TSR). <\/p>\n<\/div>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p61-1.png\" alt=\"\">\n<\/div>\n<h3>Material strategic KPIs<\/h3>\n<p>All these three measures are featured in <a href=\"https:\/\/famousbrands.co.za\/iar2022\/governance-and-remuneration\/remuneration-policy\/#Components-of-remuneration-in-2022\" class=\"ref\">remuneration incentives<\/a>.<\/p>\n<div class=\"row\">\n<div class=\"col-md-4\">\n    <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p61-2.png\" alt=\"\">\n  <\/div>\n<div class=\"col-md-4\">\n    <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p61-3.png\" alt=\"\">\n  <\/div>\n<div class=\"col-md-4\">\n    <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p61-4.png\" alt=\"\">\n  <\/div>\n<\/div>\n<h2>Lead in the categories we compete in <\/h2>\n<div class=\"highlightg2\">\n  <img class=\"top-right\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-2.png\" alt=\"\"><\/p>\n<p class=\"bold maroon\">We are passionate about unique consumer experiences through innovation, flawless execution and continuous improvement. The food services industry is increasingly competitive. In this crowded operating environment, local and international operators compete for a shrinking wallet, and in some cases, for survival. To promote the Group\u2019s continued success, we must ensure our brands are differentiated through their irresistible customer appeal. <\/p>\n<p class=\"bold maroon\">We measure our performance through internal research metrics and like-for-like sales growth.<\/p>\n<\/div>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p62-1.png\" alt=\"\">\n<\/div>\n<h3>Material strategic KPIs<\/h3>\n<p>This measure is featured in <a href=\"https:\/\/famousbrands.co.za\/iar2022\/governance-and-remuneration\/remuneration-policy\/#Components-of-remuneration-in-2022\" class=\"ref\">remuneration incentives<\/a>.<\/p>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p62-2.png\" alt=\"\">\n<\/div>\n<h2>Prioritise our franchise partners <\/h2>\n<div class=\"highlightg2\">\n  <img class=\"top-right\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-2.png\" alt=\"\"><\/p>\n<p class=\"bold maroon\">Our franchise partners represent our brands, which translates into our success. We work hard to develop close, mutually beneficial relationships with them. Regular interactions are conducted with the national franchise forums for each brand and set metrics are evaluated. These metrics are strategic and therefore not disclosed.<\/p>\n<\/div>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p63-1.png\" alt=\"\">\n<\/div>\n<h2>Ensure regulatory compliance <\/h2>\n<div class=\"highlightg2\">\n  <img class=\"top-right\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-2.png\" alt=\"\"><\/p>\n<p class=\"bold maroon\">We understand that compliance with all relevant regulations and strong relationships with industry authorities permits us to operate and enhances our reputation as a responsible corporate citizen among our stakeholders.\n<\/p>\n<p class=\"bold maroon\">In 2022, we received no fines or penalties related to non-compliance. <\/p>\n<\/div>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p63-2.png\" alt=\"\">\n<\/div>\n<h2>Develop our people; ongoing commitment to transformation <\/h2>\n<div class=\"highlightg2\">\n  <img class=\"top-right\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-2.png\" alt=\"\"><\/p>\n<p class=\"bold maroon\">We are a team of results-oriented people operating in a high-performance culture. Human capital is considered a core corporate asset at Famous Brands, and the quality of our people is critical to our success. Mutually beneficial relationships stem from ensuring our people are developed, recognised and rewarded appropriately. We measure success in this category through our annual morale engagement survey, amount of training conducted and completed and BBBEE rating. <\/p>\n<\/div>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p64-1.png\" alt=\"\">\n<\/div>\n<h3>Material strategic KPIs<\/h3>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p64-2.png\" alt=\"\">\n<\/div>\n<p><a class=\"anchor\" id=\"BBBEE-compliance\"><\/a><\/p>\n<h3>BBBEE compliance<\/h3>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p64-3.png\" alt=\"\">\n<\/div>\n<h2>Optimise capital management<\/h2>\n<div class=\"highlightg2\">\n  <img class=\"top-right\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p60-2.png\" alt=\"\"><\/p>\n<p class=\"bold maroon\">We focus on organic and acquisitive growth in South Africa and other selected markets. Following a series of acquisitions in 2016, the Group\u2019s capital structure includes debt as a permanent feature. We need to ensure that capital is correctly deployed to meet operational requirements, service debt, support future growth and pay dividends to shareholders when appropriate. <\/p>\n<\/div>\n<div class=\"ri\">\n  <img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p65-1.png\" alt=\"\">\n<\/div>\n<h3>Material strategic KPIs<\/h3>\n<p><img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p65-2.png\" alt=\"\"><\/p>\n<p><img class=\"\" src=\"https:\/\/famousbrands.co.za\/iar2022\/images\/p65-3.jpg\" alt=\"\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The following commentary summarises the Group\u2019s progress in 2022 against seven key strategic matters. These targets and goals need to be viewed in the context of another challenging pandemic year, where our primary focus was the financial sustainability of our business. Improve our operational efficiencies We need to ensure we are as efficient as possible&#8230;  <a href=\"https:\/\/famousbrands.co.za\/iar2022\/strategic-intent\/scorecard-by-strategic-matter\/\" class=\"more-link\" title=\"Read Strategy scorecard\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":3055,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"page-left-sidebar.php","meta":{"_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strategy scorecard - Famous Brands IAR 2022<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy scorecard - Famous Brands IAR 2022\" \/>\n<meta property=\"og:description\" content=\"The following commentary summarises the Group\u2019s progress in 2022 against seven key strategic matters. 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