"The Hawaiian and Australian expansions have really changed the face of the company substantially so we have moved from a New Zealand-centric domestic business to really playing in the international market," Creedy said.
"We couldn't have grown ourselves by over $240m without moving offshore so that has been absolutely key, and it's flowed through to earnings and a significant dividend increase for shareholders."
Today the company detailed its plans for future growth, including expanding its KFC business in New Zealand and Australia and potentially acquiring KFC operations in Hawaii and the US.
It also plans to further develop its Pizza Hut business in New Zealand and Hawaii and may introduce the Taco Bell business to New Zealand and Australia, expand the business in Hawaii and potentially acquire Taco Bell operations in the US.
"The full effects of two major acquisitions is evident in this year's financial results," Restaurant Brands said.
"From a sound, established position in both the Australian and US (Hawaii) markets the company now has significant scope to expand further in both these geographies through acquisition, store refurbishments and organic growth. At the same time, organic growth opportunities within the New Zealand business will be pursued."
The expansion has seen the company's bank debt lift to $166.8m at the end of the financial year, from $46.5m at the end of the previous year. At balance date, it had bank debt facilities of $253m in place. In September last year, Restaurant Brands dual-listed on the Australian Securities Exchange to enable it to access additional pools of capital that may be needed to fund future acquisitions.
The company will pay a final dividend of 18 cents per share on June 22, taking its annual dividend to 28 cents, up from 23 cents a year earlier.
In the latest year, the company's New Zealand operations lifted earnings before interest, tax, depreciation and amortisation by 6.5 per cent to $75.8m, largely due to the performance of its KFC business which increased ebitda 7.4 per cent to $66m. It wrote down the value of its Carl's Jr chain by $1.2m and said the business was focused on generating profitable sales rather than driving volume through discounting and promotional activity.
In Australia, ebitda jumped to $22m from $15m after the KFC business was acquired in April 2016, part way through the company's 2017 financial year, and more stores were added during the 2018 financial year.
In the Hawaii business that Restaurant Brands acquired in March 2017, the operation contributed $24.1m in ebitda.
Restaurant Brands shares slipped 0.6 per cent to $7.10, having gained 32 per cent over the past year.
- additional reporting BusinessDesk
