Professional Opportunities Orientation Program
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Transcript of Professional Opportunities Orientation Program
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Professional Opportunities Professional Opportunities Orientation ProgramOrientation Program
The Steak n The Steak n Shake Shake
CompanyCompany
Jim Stehlik - Manager - Financial ServicesJim Stehlik - Manager - Financial Services
Theresa McDaniel - Financial AnalystTheresa McDaniel - Financial Analyst
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The Steak n Shake CompanyThe Steak n Shake Company
• Headquartered in downtown IndianapolisHeadquartered in downtown Indianapolis
• NYSE - Symbol - “SNS”NYSE - Symbol - “SNS”
• High growth, small cap company High growth, small cap company - S&P 600 Small Cap Index - S&P 600 Small Cap Index - Rated 14th best small company by - Rated 14th best small company by ForbesForbes
• Brand has tripled in size in past decadeBrand has tripled in size in past decade
• EW Kelley - Chairman of the Board since 1984EW Kelley - Chairman of the Board since 1984
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The Steak n Shake CompanyThe Steak n Shake Company• Total units: 385 todayTotal units: 385 today
• FY 2000 System-wide sales: $500 millionFY 2000 System-wide sales: $500 million
• Current sources of financing for expansion:Current sources of financing for expansion:– Cash flow from operationsCash flow from operations– $75 million senior note/private shelf agreement$75 million senior note/private shelf agreement– $30 million unsecured revolving line of credit$30 million unsecured revolving line of credit– $20 million per year from sale/leasebacks$20 million per year from sale/leasebacks– Stock offerings based on market conditionsStock offerings based on market conditions
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Development StrategyDevelopment Strategy
- Controlled Expansion
- New market areas contiguous to existing markets identified
- Open sufficient number of stores in newer markets to afford proper TV weights
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Development AreasDevelopment AreasExisting Markets New MarketsCincinnati Broward, Dade and Palm
Orlando Beach Counties in Florida Tampa Kansas City
Dayton Pittsburgh
Jacksonville Dallas
Cleveland
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Finance DepartmentFinance Department
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Finance FunctionFinance Function• Revenue and earnings projections Revenue and earnings projections
– Period, Quarter, Fiscal Year, 3 Year, 12 yearPeriod, Quarter, Fiscal Year, 3 Year, 12 year– Used by Execs, Board, Outside AnalystsUsed by Execs, Board, Outside Analysts
• Cash Flow and Financing Alternatives Cash Flow and Financing Alternatives • Planning - Coordinate semi-annual budgetPlanning - Coordinate semi-annual budget• Multi-functional analysis - real estate, Multi-functional analysis - real estate,
marketing, operations, constr, legal, HRmarketing, operations, constr, legal, HR• Asset and capital managementAsset and capital management• Forward lookingForward looking
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Cross Functional Support and ExperienceCross Functional Support and Experience• Marketing Marketing
– Evaluation of Media Proposals and Results (TV/Radio)Evaluation of Media Proposals and Results (TV/Radio)
– Menu AnalysisMenu Analysis
– Effects of Advertising Programs - Coupons…etcEffects of Advertising Programs - Coupons…etc
• OperationsOperations– Sales and Profitability - Benchmarks (Over/Under performers)Sales and Profitability - Benchmarks (Over/Under performers)
– Bi - weekly Labor analysis by division and storeBi - weekly Labor analysis by division and store
• ConstructionConstruction - Replace vs. Repair- Replace vs. Repair
• LegalLegal - Eminent Domain- Eminent Domain
• Human ResourcesHuman Resources– Insurance PlansInsurance Plans
– Stock Purchase PlanStock Purchase Plan
– Lease/Buy Company VehiclesLease/Buy Company Vehicles
– Cost/Benefit of HR Information SystemCost/Benefit of HR Information System
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Proactive AnalysesProactive Analyses
• Exception Reporting / Trend AnalysisException Reporting / Trend Analysis
• Drive Thru Efficiency Study and RecommendationsDrive Thru Efficiency Study and Recommendations
• New Market Studies (Currently Texas)New Market Studies (Currently Texas)
• Division Structure AnalysisDivision Structure Analysis
• Impact of Modified Marketing EffortsImpact of Modified Marketing Efforts
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Pickle FrontPickle Front
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BeforeBefore
AfterAfter
Before & AfterBefore & After
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Finance DepartmentFinance Department
• Today - small by design:Today - small by design:
M anager Senior Analyst Financial Analyst
V ice President
• But Growing & Evolving...But Growing & Evolving...
Analyst Analyst
Labor Control
Analyst
System s
M gr - Operations Analysis
Analyst
T reasury
Analyst
Planning
Analyst
Analysis
M gr. - Corporate Finance Others???
Vice President
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Career PathCareer Path• Finance Department Finance Department
– Intern, analyst, senior analyst, manager - Intern, analyst, senior analyst, manager - train your replacementtrain your replacement– Executive interaction and exposureExecutive interaction and exposure– Background and experience creates opportunity Background and experience creates opportunity
• Executive Development - EW Kelley InfluenceExecutive Development - EW Kelley Influence– Emphasis on learning and management developmentEmphasis on learning and management development– Examples:Examples:
• Director of Financial Planning promoted to VP of Financial Planning Director of Financial Planning promoted to VP of Financial Planning and Information Systems / Treasurerand Information Systems / Treasurer
• Controller promoted to Operations VP and Deputy National General Controller promoted to Operations VP and Deputy National General ManagerManager
• Staff attorney promoted to Director of Manager Development and Staff attorney promoted to Director of Manager Development and RecruitmentRecruitment
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Financial AnalystFinancial Analyst• The problem solverThe problem solver
– Seeks the reasons behind the numbers in order to predict the Seeks the reasons behind the numbers in order to predict the futurefuture
– Forward lookingForward looking
• No protocol No protocol – Responsibilities tailored to the strengths and interests of the Responsibilities tailored to the strengths and interests of the
individualindividual
• Skill requirementsSkill requirements– Analytical & reasoningAnalytical & reasoning
– CommunicationCommunication
– InterpersonalInterpersonal
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FINANCIAL PLANNINGFINANCIAL PLANNING
The Steak n Shake CompanyThe Steak n Shake Company
THANK YOU!!!THANK YOU!!!