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Carrols Restaurant Group Presents At 14th Annual ICR XChange Conference (Transcript)

Carrols Restaurant Group, Inc. ( TAST)

14 th Annual ICR XChange Conference (Transcript)

January 11, 2012 1:35 PM ET

Executives

Bryan Elliott – Restaurant Analyst, Raymond James

Paul Flanders – VP and CFO

Tim Taft – CEO, Fiesta Restaurant Group, Inc.

Analysts

[No Q&A session for this event]

Presentation

Bryan Elliott

Good afternoon. Bryan Elliott, I’m the Restaurant Analyst at Raymond James and I’m pleased to be able to introduce Carrols Restaurant Group, which is at a very interesting stage in its history; we’re getting ready to split the company into two pieces. A Burger King Franchise operation will be spun out and the Hispanic brands, which have been tweaked and modified and actually performing very, very well here in the last few quarters will be owned under the Fiesta Restaurant Group brand and that will trade as a separate equity in the stock market. So we’re very anxious to see that happen and I think it’s a very interesting situation.

Representing the company, CEO, recently named CEO of Fiesta Restaurant Group, Tim Taft and leading off the presentation, Chief Financial Officer Paul Flanders.

Paul Flanders

Thank you, Bryan. As Bryan said, Tim will follow me. I'm going to give a little overview here on the business, some of the financial information and Tim’s going to talk in more detail about Fiesta Restaurant Group.

We operate three brands in the quick serve and fast-casual segments. The company has about 551 restaurants. We’re located in 17 states. LTM revenue’s about $814 million.

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