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Bakery Business Plan

Bakery business plan free presentation design for google slides themes and powerpoint templates.

Bakery Business Plan Free Presentation Design – Google Slides Themes and PowerPoint Templates

Are you running a bakery, a patissier, or a bakery-related business? Then keep an eye out for these Google Slides Themes and PowerPoint Templates full of bread illustrations! For example, every bakery needs a business plan and it’s very important to present your business plan nicely to customers, agencies and clients! In short, with this presentation template, you will grab the attention of your audience as deliciously as serving freshly baked bread. Plus, it’s fully editable, so you can let your creativity run wild! So, never mind the design! Add your own content and focus on your message.

Bakery Business Plan Google Slides Theme and PowerPoint Template – This Free Presentation template and theme makes it easy to create professional Google Slides and PowerPoint.

Bakery Business Plan Google Slides Themes PowerPoint Templates

We want to help you save time by using our free presentation background design to create more meaningful presentations.

With this free presentation design template, you’ll going to be very popular do you hear that it’s people clapping at your fabulous presentation, bakery business plan presentation templates features : free google slides theme and powerpoint template.

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Download Now: Bakery Business Plan Templates for 2021

A bakery business isn’t that difficult to start but it comes with a lot of planning. You can’t just release all your baked goods overnight without carefully planning how you’re going to market and sell it. You will need to figure out your menu, where to get your supplies, the costing for each of your baked goods, and how to package them. You will have to jot everything down, lay the groundwork for all your needs, and set goals to meet them.

If your love and passion for baking have made you decide to put up a bakery, then you’re in the right place to figure out how to start on one. As with all other businesses out there, you will need a business plan and we’re here to help you how to make one.

Why Do You Need A Business Plan?

business plan bakery ppt

Do you need a business plan for a bakery?

A business plan is a guideline to help you figure out what direction your business is heading and what goals you want to achieve. It’s also a great plan to present to banks if you’re looking for a loan and for potential business partners if you’re looking for investors. But most of all, you need a business plan to help yourself. It will serve as your guide on how to achieve your goals and even compute your possible profit.

By the end of this guide, you’ll be able to draft up your business plan or you can use the template we’ll provide that’s available to download below.

Executive Summary

Start your bakery business plan with an executive summary section. This section is all about providing brief information on your business without getting all the details in. The goal of this section is to get the whole picture of what your bakery is all about at a single glance.

Just 2 to 3 sentences per category should be enough to express your ideas. You’ll get the chance to explain everything specifically in the later part of the business plan.

Introduction

Imagine having a booth at a food fair with dozens of other businesses right next to you. What are the things you can put on your sign that when a customer passes by they’ll be able to figure out what you’re selling in just a couple of seconds?

That is what you are going to write in your introduction. You are going to supply information that’s eye-catching, attention-grabbing, but also sticking to the realness of your bakery.

Related Reading: The 6-Step Marketing Growth Plan for a Home-Based Bakery

Here’s an introduction example you can follow:

Quick Bites is a bakery that offers a new take on the bread scene for New Yorkers on the go. All the buns are stuffed with delicious filling, both savory and sweet to satisfy a hungry tummy in need of that quick snack that’s conveniently packaged to eat on the run.

Just by reading that example, you’ll know that Quick Bites is:

  • A bakery that supplies buns with filling that is either savory or sweet.
  • Located in New York.
  • Catered for people looking for a quick snack.

Capture your reader’s attention by keeping things light yet informative in this part of the business plan.

Company Description

business plan bakery ppt

Write a company description.

Every bakery business has a background. You’ll want to include how many years in the making has your bakery idea been going around and who is in charge of it. Will it be a partnership? Will you be doing the baking and managing at the same time? Putting in a little bit of your bakery’s background helps give the reader a brief understanding of what your business’s managing strategy is going to be.

The first thing on your mind when you decided on putting up a bakery is probably the menu. And though that’s quite exciting to draft up at once, you’ll have to decide on the services you’re going to offer first by figuring out what kind of bakery you’re going for.

Here is a guide to choose the type of bakery you want:

  • Full service – This includes having your own space with a kitchen and baking area, a display area for your baked goods, and dine-in options with drinks such as coffee or tea.
  • Take-out service – This is a type of bakery where you have a small space just to display your baked items and offer a drink or two. Customers can just line up and order your buns to go.
  • Online – This type of business does not require any space. This is all done in your kitchen at home. Customers will just place their orders online and will pick them up or have them delivered.

By deciding this early on, you can have a clear image of what your bakery is going to look like and how it will operate.

Customer Focus

business plan bakery ppt

Cake bakery display case.

We know what you’re thinking: everyone is your potential customer. And though that is the goal, you still need to list down your target customers so you can focus on a certain product line to sell.

Take for example Quick Bites. As mentioned in the introduction, the bakery is for those who are looking for a quick snack to eat. Therefore, their target customers are mostly working people who do not have time to sit down for a meal and are looking for a convenient yet delicious food replacement while still having the time to work.

Related Reading: 101 Creative Bakery Names You Can Use Right Now

With this focus in mind, Quick Bites’ product line of filled buns fit this category since busy people can eat their buns with one hand only so they can focus on doing other things instead.

Again, be sure to keep this short. You can add in the details later on in the Target Market section of the business plan.

Mission Statement

Every business has a vision no matter how small it is. If you just plan to have a simple bakery up and running, you still have goals to meet. This is how businesses succeed since a mission statement allows owners and staff to be reminded of the direction they’re heading.

An example mission statement for Quick Bites would go like this:

Quick Bites’ mission is to serve a variety of freshly baked bread, particularly buns with different filling, that can satisfy a hungry tummy on the go. Our buns are nutritious and are packed with only real ingredients. No artificial flavors will be used and no preservatives are added. Our bakery is committed to making quick meals that are convenient to eat while working and we ensure that they are also healthy and affordable.

Company Concept

It’s time to get all the details down for your bakery’s concept. Think of it as the longer and more detailed version of your executive summary. This section is quite easy and fun since you can now list everything you’ve planned your bakery to have.

Will you be serving artisanal bread? How about puff pastries? Will you be including cakes? Will you also be offering coffee and tea? Will you be baking on the premises or will you have a commissary located somewhere? What are your operating hours?

All these things are important so list down everything you can think of that discusses what your bakery’s concept is going to be.

Market Analysis

business plan bakery ppt

Learn more about Jennifer Jacobs.

At this point, you’re probably wondering why you should care about analyzing the baking industry around you when all you want is to just bake your bread and sell them.

Well, let’s put it this way: baking bread might be easy but the selling part may be a little difficult if you don’t know your target market, the bakery business trend in your area, and the competition around you.

Target Market

Writing down your target market is easy since you already mentioned it above on your Customer Focus section. Just add in more details so you or anyone else who will read this will understand more about which group of people do you cater to.

Include the following in your target market list:

  • Working-class or students
  • Location (local office workers, neighborhood families, etc.)

Industry Analysis

To ensure your bakery is going to be a success, analyze the trend surrounding this type of business in the area you’re planning to open this up. For instance, if you’re like Quick Bites whose target market is the working class, then you’ll need to check the area around your planned bakery if this is a place where several offices are located.

You may also include a study on whether or not people like artisanal bread or healthy bread. This can help you check whether your planned menu can sell successfully or not.

For online bakery businesses, you can focus on the factors that people tend to look at when they’re ordering food online. This includes:

  • The preferred number of days for pre-orders.
  • Delivery times and rates.

Competitive Analysis

business plan bakery ppt

You’ll have to come to terms with the fact that you’ll have competition once you open your bakery business. That’s not entirely a bad thing. Having competition can help you analyze the prices for your baked items and it would also draw in interest from other potential customers. The trick here is to be better than the rest and that is why you are doing this business plan so you can succeed when you start selling your items.

If you are putting up a physical store, list down the bakeries surrounding your potential location. If you are an online store, you can also compare other online bakeries in your neighborhood.

You may even do a comparison. Write down the top three business names of your competitors, their strengths, and their weaknesses, and see where your bakery stands out.

Management Structure

Knowing the roles each person plays in your bakery business is important. It sets a clear and distinct understanding so that no arguments will happen in the future regarding their duties. This is particularly helpful when you’re in a business with a partnership so there are specific roles and duties indicated per person.

But even if you’re running the business on your own, it’s still important to write it all down so you’re aware of what else you need to do and if you need to delegate some tasks.

Related Reading: Learn how a Culinary Grad Built a $26k/Month Pastry Shop.

You can divide these into the following:

  • Management Team – These are the people who will be running the business, those who will be in charge of sales and marketing, bookkeeping, filing and processing of legal documents, research and implementation, and ordering of supplies.
  • Bakers – These will include the people in charge of baking your products.

For a bigger bakery with dine-in capacity, you may include these as well:

  • Servers – These will include the people who will prepare the food to serve such as reheating bread or assembling them.
  • Baristas – If your bakery is serving coffee, these are the people in charge of working the espresso machine.

However, some bakeries have their servers work as baristas at the same time so it’s important to state this clearly so your employees will know their duties.

  • Cashiers – These people are in charge of manning the counter for any purchases.
  • Clean-up Crew – These will include people who are responsible for cleaning the tables, dishes, and everything else that you need to sanitize your bakery.

Product Line and Services

cake pops

Cake pops are a favorite at bakeries.

This section is the moment you have been waiting for. This is where you’ll place all the products you are going to offer in your bakery. Be it puff pastries, sandwiches, or artisanal bread, just be sure to write them all down. Be specific and indicate the prices as well.

Aside from your product line, you can include other services you wish to offer. Do you do wedding cakes? How about customized cakes? Would you be willing to supply bread to other businesses? Are you open to catering? Putting this all down in this section will help you organize your thoughts so you can put them into action carefully.

Sales and Marketing

A very helpful way to start marketing your bakery is to combine your target market and product line to bring attention to what you’re selling. For Quick Bites, since their target market is for people on the go, they can push how convenient their buns can be eaten while they’re walking on the street. They can also advertise the many flavors of buns they can offer from sweet fillings such as custard or jam to savory ones such as pepperoni, cheese, or vegetables.

Social media is also a great way to market your business. By putting up nicely photographed images of your bread and knowing the right trending hashtags to use, you can capture a huge number of followers.

But if there’s one marketing plan that’s overlooked by many, it’s taking advantage of the sense of smell. Freshly baked bread is pleasing to the senses and can entice customers to check out what you’re baking. So if you have a physical store, use the delicious smell of your baked bread by letting it waft out into the streets to lure passersby. You’ll be surprised just how fast people will flock to your bakery when you allow the scent of your baked goods to fill them.

Financial Plan

business plan bakery ppt

Red rose cupcakes.

We’re now on to the nitty-gritty part of the business plan. This includes where you’re going to get the money to fund your bakery and forecast the expenses and possible profit you’re going to make. Why is this important? It’s so that you’ll know early on if the concept, product line, and proposed services you’re going to offer in your bakery is profitable or not.

Keep in mind that you don’t really need a lot of money at all if you’re just starting your bakery business. As previous guest on the podcast Jennifer Jacobs explained , she spent the first few years operating a home-based bakery business. Jennifer operated her business for years while holding down a full-time job, before opening the doors to her first retail space. This is the path she recommends for other food entrepreneurs too.

Funding Request

The only thing you need to focus on this section is to ask yourself, where are you going to get the money to start your bakery? Whether it is a small online business wherein you’re the only one who will be doing the baking and selling, or it’s a big bakery with dine-in options and lots of staff, you have to be clear where to get the capital for all of this.

Getting a loan from the bank or inviting investors are a few options you can choose. This is also the reason why you’re making this business plan to convince them to give you a loan or to join in funding your bakery.

Financial Forecast

business plan bakery ppt

Bakery Food Truck.

You will need to list down all your planned expenses for your bakery. For a simple online bakery business, this includes:

  • Refrigerator
  • Packaging Materials
  • Ingredients (flour, sugar, salt, butter, etc.)

If you are planning to open a physical store with dine-in options, you’ll also have to include these:

  • Store signage
  • Bread display rack
  • Point-of-sale system
  • Chairs and tables
  • Trays, plates, and cutlery
  • Espresso machine

You’ll also need to spend on your advertising materials whether these are in social media or print. The bottom line is, listing down all your proposed expenses can help you forecast the amount of money you need to start your bakery. According to professional bakers we interviewed for this piece, starting up a bakery costs $100,000 and $750,000. With these numbers, you can then set up a budget and start looking around for affordable equipment for your bakery.

Aside from your expenses, you’ll also need to do a break-even analysis so you know if you’ll be able to receive any profit from your proposed product line and services.

Operational Plan

Attention Bakery Founders: Download our Food Business Startup Kit for Startup Templates

Writing all your plans down is one thing but to set up a timeline for your operations is another. This sets the gears in motion for when you plan to execute your business.

Do a simple timeline following this example:

Date Plan [Insert Date Here] – Finalize the design and layout of the bakery and secure all rental documents such as permits and business registration.[Insert Date Here] – Start construction.[Insert Date Here] – Hiring and training of staff. You may also start advertising your bakery’s products and opening date.[Insert Date Here] – Start operations for the bakery.[Insert Date Here] – Achieve goals and reach break-even.

This is an example of a physical bakery store. For online bakeries, your timeline should be shorter and simpler.

This section is where most of your documentation to back up your business plan is included. You can also add photos of your bakery’s layout, your proposed design packages, and payroll plans.

Download Templates

Here are templates and real bakery business plan examples you can use as inspiration to setup your own business structure. These are available for download in PowerPoint, Google Docs, and PDF files.

  • Bakery Business Plan PowerPoint  
  • Bakery Business Plan Google Docs 
  • Bakery Business Plan PDF
  • If you are planning to open a physical store, be sure to delegate tasks. It’s fun to be hands-on with everything going around your bakery but you can’t manage the counter and be the baker at the same time. So appoint specific people for different roles but also have them multitask so you don’t hire too many people.
  • Plan your menu accordingly. You do not want to bake a lot of bread and let them go to waste at the end of the day. Study the foot traffic around your area as well as your possible bestselling item. For instance, if Mondays are the busiest, then maybe you can double up on your recipes for a certain bread that everyone seems to like best. But you can slow it down on Tuesdays and focus on other items instead.

Don’t be intimidated in starting up your bakery and making this business plan. The point of the business plan is that it’s supposed to help you go through the finer details of your bakery. If the whole bakery business plan seems too complex for you then you just failed in understanding the purpose of it. It has to be easy to read and understand because it will serve as your guide.

Where are you planning to open your bakery? We’re just as excited as you are for this new adventure and look forward to hearing about the plans you put in place. Don’t forget to sign up for our free Food Business Startup Kit for exclusive interviews with bakery founders.

Want to start your own food business?

Hey! ????I’m Brett Lindenberg, the founder of Food Truck Empire.

We interview successful founders and share the stories behind their food trucks, restaurants, food and beverage brands. By sharing these stories, I want to help others get started.

If you liked this story, sign up for our newsletter that includes our food business startup kit and most popular interviews sent straight to your inbox.

Know someone interesting that should be interviewed on the website? Tell us about them here. 

About the Author: Brett Lindenberg

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Hand-Drawn Bakery Business Plan

It seems that you like this template, hand-drawn bakery business plan presentation, free google slides theme, powerpoint template, and canva presentation template.

Every bakery needs a business plan, so make sure you make yours look good! This template is a great way to do it. Its beautiful hand-drawn design is full of illustrations of bread, wheat, and more. And with the photos, icons and varied slides included, you’ve got all you need to make your presentation as appetizing as a freshly-baked loaf! Simply edit it with your own data, and you’re set.

Features of this template

  • 100% editable and easy to modify
  • 36 different slides to impress your audience
  • Contains easy-to-edit graphics such as graphs, maps, tables, timelines and mockups
  • Includes 500+ icons and Flaticon’s extension for customizing your slides
  • Designed to be used in Google Slides, Canva, and Microsoft PowerPoint
  • 16:9 widescreen format suitable for all types of screens
  • Includes information about fonts, colors, and credits of the resources used

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Bakery Business Plan Template

Written by Dave Lavinsky

Business Plan Outline

  • Bakery Business Plan Home
  • 1. Executive Summary
  • 2. Company Overview
  • 3. Industry Analysis
  • 4. Customer Analysis
  • 5. Competitive Analysis
  • 6. Marketing Plan
  • 7. Operations Plan
  • 8. Management Team
  • 9. Financial Plan

Bakery Business Plan

You’ve come to the right place to create a successful bakery business plan.

We have helped over 100,000 entrepreneurs and business owners create business plans and many have used them to start or grow their bakeries.

A bakery business plan is a plan to start and/or grow your bakery. Among other things, it outlines your business concept, identifies your target customers, presents your marketing strategy, and details your financial projections.

Bakery Business Plan Sample

The following information will provide a description of what to include in your own bakery business plan along with links to an example for each of the key elements below:

  • Executive Summary – The Executive Summary section provides a high-level overview of your plan. It should include your bakery’s mission statement, as well as information on your business offerings, your target audience, and your business goals and objectives.
  • Company Overview – The Company Overview section provides an in-depth look at your bakery, including information on your company’s history, legal structure, bakery location, and management team.
  • Industry Analysis – Also called the Market Analysis, in this section, you will provide an overview of the industry in which your bakery will operate. Through market research, you will be able to discuss market trends affecting the industry, as well as your target market’s needs and buying habits.
  • Customer Analysis – In this section of your bakery’s business plan, you will describe your target market and explain how you intend to reach them. You will also provide information on your customers’ needs and buying habits.
  • Competitive Analysis – The Competitor Analysis will provide an overview of your competition (other bakeries or local businesses that offer high-quality baked goods), including their strengths and weaknesses. It will also discuss your competitive advantage or your business’s core strength that will help you stand out amongst your competition.
  • Marketing Plan – In the Marketing Plan section, you will develop marketing strategies to reach your target audience, including your community events, and digital marketing campaigns. You will also discuss your pricing strategy and how you intend to position your bakery in the market.
  • Operations Plan – In the Operations Plan, you will provide an overview of your bakery’s day-to-day operations, including your store layout, staff, and inventory management. It also includes information on your warehousing and distribution arrangements and a list of long-term milestones or business goals.
  • Management Team – In this section of your bakery business plan, you will provide information on yourself as a talented baker, any other skilled bakers or business partners, and their experience and role in the company.
  • Financial Plan – In this section of your bakery financial plan, you will include your financial statements: profit and loss statement, balance sheet, and cash flow statement. It also includes information on how much funding you require and the use of these funds.

Next Section: Executive Summary >

Free Bakery Business Plan PDF

You can download our free bakery business plan template PDF and use it to create a well-crafted business plan. You can learn more about how to write a bakery business plan using this  bakery business plan template .

Bakery Business Plan FAQs

What are the main types of bakeries.

A bakery can be retail or wholesale. A retail bakery sells baked goods (i.e., freshly baked bread, specialty items, gluten-free and vegan baked goods, and other baked goods) directly to customers, while a wholesale bakery typically sells products to other local businesses, like restaurants, grocery stores, specialty shops, and cafes.

How Do You Get Funding for Your Bakery?

Bakeries are most commonly funded with personal savings and bank loans. Credit card financing and angel investors are also popular forms of funding for bakeries. Potential investors or lenders will often want to see a well-crafted business plan before considering providing funding.

Learn More :  Seeking Funding from Angel Investors vs Venture Capitalists

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Lay your hands on our Bakery Business Plan PowerPoint template and Google Slides theme to demonstrate the plan outlining the strategic direction and key components of establishing and growing a bakery business. These captivating slides are adorned with enticing visuals of delicious baked goods, such as donuts, cookies, bread, sandwiches, cakes, muffins, etc., in a striped pink background, which will help you communicate your bakery’s unique value proposition effectively.

Bakery owners and entrepreneurs can utilize this versatile deck to represent the various critical aspects of a bakery business plan, i.e., product offerings, marketing strategies, market analysis, financial projections, consumer preferences, trends, and staffing needs. Using these visuals, you can also highlight the target market and the resources required.

Description of the PPT

  • An infographic of a donut can be used to start your presentations impressively.
  • The overview, vision, mission, and values of the business can be depicted precisely.
  • A creative diagram showcases the products and offerings of a bakery.
  • The market trends and opportunities can be depicted through a graph.
  • A triangle-shaped diagram embedded with amazing icons portrays the pricing strategy.
  • The bakery supply chain and advertising channels can be presented clearly.
  • An infographic with icons of GPS pins can be used to display the main address and locations of branch offices.
  • The sales forecast for different quarters has been shown through unique illustrations.
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Must-Have Bakery Business Plan Templates with Samples and Examples (One-Pager)

Must-Have Bakery Business Plan Templates with Samples and Examples (One-Pager)

Densil Nazimudeen

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In the ever-evolving realm of the food and service industry , establishing a thriving bakery business necessitates more than just delightful bakery items ; it demands a meticulously structured plan. A well-crafted bakery business plan is the cornerstone for turning dreams into reality, and its importance cannot be overstated. Aspiring bakers, seasoned pastry chefs, and even food bloggers seeking to elevate their ventures all recognize the pivotal role of a comprehensive business strategy.

Enter the realm of SlideTeam’s Bakery Business Plan PowerPoint Templates, a game-changing tool designed to empower entrepreneurs with a clear path to success. Tailored for both novices and connoisseurs of the culinary arts, these Templates marry the artistry of handmade cookies with the precision of a financial mastermind, catering to the diverse needs of the bakery business landscape.

Crafted with meticulous attention to detail, these Templates encapsulate essential elements that resonate with food enthusiasts, potential investors, and collaborators. These business plan ppt Templates delve into creating a compelling business profile , using captivating imagery of delectable treats that can enthrall product photographers and food bloggers alike.

Whether kneading dough for the first time or seeking to expand an established bakery empire, our Bakery Business Plan Templates are your ultimate partner, transforming aspirations into mouth-watering realities.

( Click here for a captivating blog about must-have bakery marketing plan templates.)

Let's take a look at our must-have Bakery Business Plan Templates.

Template 1: One Pager Bakery Shop Business Plan Template

This one-pager PPT Template summarizes a business plan to start a bakery shop. It allows you to envision your bakery shop taking form with a compelling business profile that includes your shop's name, launch date, and distribution channels. This Template helps you delight in a curated selection of bakery items , from crusty breads to irresistible cakes and cookies, destined to captivate the palates of your target customers. Furthermore, it highlights your unique selling proposition with a strategic pricing strategy that ensures profitability and affordability. It helps you seamlessly navigate through marketing strategies and challenges faced with solutions and helps you understand your competition. Also, with projected startup costs in focus, this slide paves your path to success.

One Pager Bakery Shop Business Plan

Download Now!

(Don't miss the opportunity to read a thought-provoking blog on the 18 best business plan templates for restaurants, cafes, and coffee shops. Click here .)

Template 2: One-Pager Business Plan for Cookies Bakery Template

This one-pager Template covers the outline, the operation, and the financial plan of a cookie production and retail store. Designed to enthrall, this slide paints a vivid portrait of your cookie haven. This Template entails company information, company management, market segmentation, products and services offered, business objectives, market size and competition, and product pricing strategy. Furthermore, it helps you dive into the financial plan with projected profit and loss statements. This Template also unveils the annual sales forecast.

One pager business plan for cookies bakery

Template 3: One-Pager Marketing Plan for Bakery Businesses Template

This PPT Theme is your gateway to confectionery triumph. This slide encapsulates a dynamic blueprint, distilled to perfection, igniting your bakery's marketing prowess. This one-pager Template provides an overview of the bakery business marketing plan. With the help of this Template, you can showcase an executive summary, overview, management, budget, marketing mix , and target customers. You can also unveil the marketing goals and strategies, including the marketing goals strategy, due date, progress, and expected outcome, with the help of this Template.

One Pager Marketing Plan for Bakery Business

The Endnote

In the world of bakery entrepreneurship, success is rooted in meticulous planning. The presented Bakery Business Plan Templates, enriched with samples and examples, stand as beacons of guidance. These invaluable tools illuminate the path and fuel creativity and strategy. By dissecting successful models, aspiring bakers and seasoned pastry chefs gain a holistic view of what it takes to flourish. From financial projections to marketing strategies, these templates empower dreamers to become accomplished bakers, one delectable creation at a time. So, armed with insights and inspiration, let the aroma of fresh-baked success waft from these templates as you embark on your flavorful journey. Experience the value of our premium PPT Slides with a subscription; choose from monthly, semi-annual, or annual options.

Discover the secrets to the must-have catering marketing plan templates in an engaging blog; click here to start your learning journey.

FAQs on the Bakery Business Plan

What is a bakery business plan, and why is it important.

A Bakery Business Plan outlines your bakery's goals, strategies, and financial projections. It serves as a path, guiding your bakery's operations, growth, and potential investors. It includes details like your bakery's concept, target market, products, marketing strategy, and financial forecasts. This plan is crucial for securing funding, making informed decisions, and ensuring a successful bakery venture.

How do I create a Bakery Business Plan?

Start by defining your bakery's concept, mission, and vision. Identify your target market and competition. Detail your product offerings, pricing strategy, and marketing plan. Include information about your bakery's location, legal structure, and management team. Develop a comprehensive financial projection covering startup costs, operating expenses, sales forecasts, and projected profits. Ensure your plan is well-structured, realistic, and aligned with your bakery's goals.

What should be included in the marketing section of a Bakery Business Plan?

The marketing section should outline your bakery's target market, positioning, and promotional strategies. Describe how you'll reach your audience through social media, local events, and collaborations. Emphasize your unique selling proposition (USP) and how you will set yourself apart from rivals. Include details about your branding, logo, and packaging to create a cohesive image. A strong marketing plan helps attract customers and establish a recognizable bakery identity.

How do I project financials in a Bakery Business Plan?

To project financials, estimate startup costs, including equipment, ingredients, licenses, and marketing expenses. Estimate monthly operating costs like rent, utilities, and staff salaries for project sales by considering pricing, foot traffic, and market demand. Calculate profit margins for each product. Make a projected profit and loss statement that includes gross revenue, costs, and net income for at least the first year. Use realistic assumptions and consider various scenarios to ensure your bakery's financial viability.

How can I make my Bakery Business Plan stand out to potential investors or lenders?

Make your Bakery Business Plan compelling by showcasing a clear understanding of your target market and a unique approach to meeting their needs. Highlight the expertise of your management team and emphasize any distinctive skills or experience. Include detailed financial projections demonstrating profitability and a solid repayment strategy for investors or lenders. Use visuals like graphs and charts to make complex financial information more accessible. Lastly, communicate your passion, dedication, and commitment to making your bakery successful, conveying that your venture is not just a business but a genuine labor of love.

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  • Sample Business Plans
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Bakery Business Plan

Executive summary image

Ready to turn your love for baking baked goods into a successful business?

To ensure that your business endeavor happens to be a flourishing one, write a business plan specifically crafted for your unique bakery business.

From helping you finalize the bakery location to evaluating the financial position of your business- a detailed plan uncovers every detail essential to kickstart a successful bakery business.

Writing a business plan can get complicated. With this step-by-step guide, you will have all the information essential to write a bakery business plan . Also, download our free bakery business plan template and modify it to fit your needs.

Ready to dive in? Let’s get started.

Key Takeaways

  • Conduct a detailed industry analysis of the bakery market to understand market trends, target market, and the growth scope of your business.
  • Outline the business goals and devise a business strategy that is in line with your bakery’s branding image.
  • Analyze the competitive landscape of your business and identify local businesses that will offer direct and indirect competition to your business.
  • Make calculations, assumptions, and projections to form key reports such as income statement, balance sheet, Cash Flow statement, and Break-even analysis.
  • Determine the operations of your bakery business by outlining the procedures, processes, and equipment required to kickstart the business.
  • Determine the baked goods and services you will sell through your bakery business.

Why is a bakery business plan important?

A business plan helps achieve your business objectives by creating a roadmap that will guide your bakery business in a strategic direction. An actionable well-drafted plan offers an in-depth view of your business idea and are a few benefits you must know:

  • A business plan instills clarity in your business idea. All the ideas that were messed up in your mind start getting a clear point of view once you start writing a plan.
  • A business plan is your checklist to understand what different aspects of the business need- the resources, equipment, manpower, licenses, etc.
  • It helps crystallize your business vision and what it aims to achieve in the bakery market.
  • A business plan optimizes the bakery operations and brings down the operating expenses by ensuring the resourceful allocation of bakery resources.
  • A plan evaluates the financial aspects and viability of your bakery idea before you actually invest money in the business.

And, of course, a well-crafted plan will get you essential funds to get started in the bakery market. Moving forward, let’s craft a spectacular plan for your bakery business.

How to Write a Bakery Business Plan: A Complete Guide

From writing an executive summary to creating your financial plan- let’s decode the key elements of writing a business plan.

1. Get a business plan template

Before you start writing a business plan, consider getting a sample template to simplify the entire plan writing process.

A lot of information goes into writing a comprehensive business plan. Addressing all the key components in brief details is a challenging task.

However, by using a template, you can add structure to your plan. Not only that, it will help you organize the information clearly in a cohesive manner. With appropriate prompts, you will know exactly what to write in each section.

We know you would start searching for a template. Well, the Upmetrics business planning template is perfectly relevant and suited for your bakery business. It’s intuitive, modern, and available for free download.

business plan bakery ppt

Need Assistance Writing a Bakery Business Plan?

Get Upmetrics’ business plan template, import data directly into the editor, and start editing using Upmetrics AI Assistant.

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Start Planning Now

2. Write an executive summary

The executive summary is a concise description of your entire bakery business plan. It highlights the key findings and entices the reader to delve further into your business plan. So make sure to keep it interesting.

A well-drafted executive summary includes an answer to every question, a potential investor might have.

For instance,

  • What is the core objective of your bakery business?
  • What are the pain points of your target customers and what solutions can you offer?
  • What type of baked goods will you offer?
  • What is your target market?
  • What is your marketing strategy?
  • What are the financial highlights of your bakery business?

As you start writing, remember that the executive summary should summarize the plan and not your business idea.

Lastly, fit your compelling summary description in 1-2 pages.

3. Conduct a competitive and market analysis

The market analysis section paints a clear picture of your ideal target market, bakery industry trends, and your competitors in the market. In a way, this section is your chance to validate the potential success of your bakery shop.

The market analysis section of your bakery plan must include:

Market share, growth potential, and industry trends

Identify your targeted available market (TAM) through thorough market research and determine your share in the bakery market. Analyze the emerging trends in the bakery market and assess your growth potential as a retail bakery.

Understanding of the target market 

Who will be your potential customer at a bakery shop?

It gets much easier to succeed in the market when you have a clear understanding of who your target customers are.

In this section of customer analysis, you will create a buyer’s persona of your ideal customer by understanding their psychographic and demographic details.

Competitor analysis

This is an equally important part of the market study, where you evaluate the position and competitive landscape of your bakery shop.

Begin by identifying your top competitors and evaluate your strengths, weaknesses, opportunities, and threats against other bakeries. Establish your competitive edge and show the potential investors that your business stands a promising opportunity in the competitive market.

business plan bakery ppt

Want to Perform Competitive Analysis for your Business?

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4. Prepare a company overview

The company overview section of a bakery’s business plan is a brief description of your bakery business concept, its legal structure, location, and value proposition.

Be creative and write a compelling section that can propel the readers’ interest in your business idea.

Wondering what to include in your bakery’s company overview section? Let’s check:

  • Type of bakery business: retail bakery, specialty bakery, cloud bakery, mobile bakery, etc.
  • Business structure: Sole proprietorship, LLC, partnership LLC, corporation, etc.
  • Mission statement
  • Value proposition
  • Quantifiable business goals and milestones
  • History and background of the bakery, if applicable
  • Partnership and ownership structure
  • Name of owners/ partners
  • Operating hours
  • Service style

Drill down to details and make this section an engaging read.

5. Describe your products and services

After describing your bakery structure and mission statement in the previous section, you will now outline the product and service offerings of your bakery shop.

As a bakery business, you may sell a variety of delicious baked goods such as pastries, cakes, fresh bread, cookies, tarts, pies, donuts, sweet buns, etc. Add this to your product section and also non-baked goods such as savory snacks, coffee, etc, if it’s on your menu offering.

Specifically mention, if you will have products for special diets, i.e. gluten-free, keto-friendly, sugar-free, vegan baked goods, etc.

products and services for bakery business plan

6. Bakery store design and layout

An effective bakery business plan must include a blueprint of your bakery shop’s layout and design to demonstrate the bakery’s concept practically to the readers.

Mention your bakery size and the space allocated for the back of the house and front of the house operations. Also, explain how the proposed layout will increase the efficiency of your business operations in great detail.

In this section, you will also talk about the decor and theme that will create a warm ambiance for your target audience. Keep in mind that the decor should reflect the branding image you want to create in your target market.

Offer an immersive experience to the readers while explaining this section.

bakery store design and layout

7. Prepare a bakery marketing plan

The bakery marketing plan offers a detailed outlook of marketing strategies you will use to market and promote your bakery shop. Consider it as a roadmap that will guide you in building a brand of sustainable value in the market.

So how do you build a perfect marketing plan?

Begin by identifying the marketing channels and different types of digital marketing campaigns that will work best for your potential customers. Now, allocate the monthly budget to different marketing activities. Lastly, devise a marketing strategy for each channel with a clear plan of action.

Here are a few marketing strategies that are popularly used by successful bakery businesses:

  • Social media platforms for brand development
  • Email marketing for promotional offers
  • Video content such as easy baking recipes, tips, tricks, etc
  • Online workshops and live sessions
  • Influencer marketing
  • Tasting events and sampling
  • Customer testimonials

Now detail all your plans in this section and show your investors that you have a solid way to establish your business’s popularity in its target market.

8. Outline your organizational structure

In this section of your bakery business plan, you introduce the management team and employees at your shop. Also, highlight the organizational structure and hierarchy of employees in the organization.

Begin by introducing the owners and their role in your organization. Highlight their experience in the bakery industry and the key skills that can benefit the business.

Introduce your talented baker and their role in recipe development and standardization. Show their experience in the baking field and prove their asset worthiness.

Draw a clear flowchart depicting the flow of authority and responsibility in your bakery business. It is your chance to show the investors that you have a team and knack to take this business on a successful path.

9. Create a logistics and operational plan

The operations plan of your bakery business plan is a strategic document highlighting the processes, procedures, and resources needed to efficiently run your bakery shop.

A well-planned operations plan is like a business manual that has answers to all the questions one might have while running a bakery shop.

Wondering what to add to your operations plan? Well try to include answers to the following questions to make it detailed and comprehensive:

  • Physical facilities: What will be your bakery location to produce bakery goods? Will you serve customers from that location or a different shop? Are you planning to sell the bakery goods online?
  • Suppliers: Where will you get the raw materials and supplies for producing bakery goods? Who will supply non-bakery items like scones, sandwiches, and savory snacks?
  • Inventory: Where will you store the raw material and ingredients? What will be the shelf life of these ingredients? How will you manage the stock levels? What are the minimum thresholds for different items and how long it takes to stock them?
  • Production: Who will bake the goods? How long is the process? Will everything be made fresh or in batches to be stored for a few days? Will there be recipe cost cards for each menu item? How will you meet an unexpected spike in demand?
  • Bakery Equipment: What type of bakery equipment will you require? Will there be a POS system at your store? What other technologies will you use? How will you take online orders?

The amount of precision here will help you regulate your operating expenses once the bakery starts serving the customers. Proper planning is advisable at this stage.

10. Create a Financial Plan

And now comes the most exciting part for investors- a financial plan. The figures in financial statements are helpful in determining the viability of your business idea. So this section holds a considerable weightage in terms of whether you will get funding or not.

To ensure you create a comprehensive bakery financial plan , including financial projections for these key components:

  • Cost of starting a bakery shop
  • Sales forecast
  • Revenue projection
  • Operating expenses
  • Pricing strategy
  • Income statement/ Profit & Loss statement
  • Break-even analysis
  • Cash flow statement
  • Balance sheet
  • Business ratios

In this section, you will also evaluate your funding requirements and identify the funding sources for your business. i.e. bank loans, SBA-guaranteed loans, angel investors, and personal savings.

Having realistic financial projections at hand will help you realize your financial goals while evaluating the sustainability of your bakery business.

However, creating the projections for all these elements from scratch can get overwhelming. Additionally,  you also need to work on visuals and graphs to add impact and clarity to your plan.

Well, there is an easy way. Create your plan with the Upmetrics Financial forecasting tool . This tool will generate key reports and visuals that can be easily downloaded and added to your plan.

financial plan for bakery business

We hope this sample plan will guide you in writing a perfect business plan. Now, let’s move forward and check the industry trends ruling the bakery world.

Bakery Industry Highlights 2023

Before you open a bakery, here are some latest highlights from the bakery industry, you may find helpful:

  • Bakery market size: The US bakery market size was valued at $99.47 billion dollars in 2023. It is projected to grow at a CAGR of 2.08% between 2023-2028.
  • Retail Bakeries: According to IBIS World , there are 8,780 independent retail bakery shops in the US.
  • Bakery consumption: In 2022, Americans consumed 8.6 billion kilograms of cake and pastry goods, a sizable amount compared to other countries.
  • Bakery trends: There is a growing trend of providing healthier alternatives, i.e. gluten-free baked goods in the bakery market. The organic and gluten-free baked goods market grew by 2.45% in 2022.
  • Market Saturation: 55% of commercial bakery revenue in the US is generated by 3 major players- Grupo Bimbo, Flower Foods, and Campbell Soup.
  • Specialty bakery market: The US Specialty bakery market share is expected to grow by 10.54 billion US dollars by 2026.

Download a sample Bakery business plan

Need help writing your own bakery business plan? Well, download our bakery business plan pdf and write your plan section-by-section with utmost precision.

Upmetrics templates are perfectly suited for entrepreneurs who need a little help to kickstart their business planning. Import the data into the editor and start planning.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

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With more than 400+ business plan examples , we offer invaluable guidance to help you write a cohesive business plan.

Whether you are writing a business plan to strategically grow your business or attract investors, Upmetrics’ invaluable resources like AI assistance, forecasting tools, and step-by-step guides will serve you perfectly.

Let’s bake a recipe for success together.

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Frequently asked questions, what should be included in a bakery business plan.

An effective bakery business plan must include:

  • Executive summary
  • Business overview
  • Industry and competitors analysis
  • Bakery goods and services
  • Bakery design and layout
  • Operations plan
  • Key management team
  • Financial bakery plan

How long should my bakery business plan be?

A bakery business plan should be not more than 15-20 pages including graphs, visuals, and charts. You are likely to lose the interest of investors with a lengthy plan. However, keeping it extremely short is also not favorable, as it would not cover important details. So try using crisp content for your business plan.

Can a bakery business plan template help in setting clear business objectives and goals?

Absolutely yes. A template offers a variety of prompts that will help you to write each section clearly and cohesively. Moreover, you will get a variety of bakery-specific examples that shall help in clearly determining your goals and objectives.

Do I need to have financial projections in my bakery business plan?

Yes, financial projections are important to assess the viability and profitability of your business idea. If you are planning to seek investor funds, this section is of crucial importance. Investors will evaluate the financial section and determine whether to invest or not.

Can I use the same bakery business plan template for different locations?

Yes, you can. However, you need to alter the content of your business plan for different locations and target markets by making specific modifications.

About the Author

business plan bakery ppt

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

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Download Bakery Business Plan

Bakery Business Plan PowerPoint Template | Download Now

Bakery Business Plan PowerPoint Template | Download Now

Type: PowerPoint templates

Category: Food & Beverage

Sources Available: .jpg, .potx, .pptx

Product ID: PP01893

Bakery Business Plan PowerPoint Template - Enhance your bakery presentation with our professional and customizable bakery business plan template. Download now for PowerPoint and Google Slides.

Introducing our Bakery Business Plan PowerPoint Template – the perfect solution for bakery owners, entrepreneurs, and professionals in the food industry. Whether you're starting a new bakery venture or looking to enhance your existing bakery's success, our template offers a comprehensive and visually appealing way to present your business plan.

Customizable Features and Variety of Options

Our bakery business plan template provides an extensive range of features and customization options to suit your specific needs. With a user-friendly interface and professionally designed slides, you can easily modify the content, colors, and fonts to match your brand identity and style. Showcase your bakery's unique offerings, target market analysis, financial projections, marketing strategies, and more with ease.

Engaging Infographics, Charts, and Diagrams

Make your bakery business plan stand out with visually compelling infographics, charts, and diagrams. Our template includes a wide variety of graphical elements that allow you to present complex data in a clear and concise manner. Impress your stakeholders with captivating visuals that enhance understanding and make your presentation more memorable.

Flexible Formats for PowerPoint and Google Slides

Our Bakery Business Plan template is available in both PowerPoint (PPTX) and Google Slides formats, ensuring compatibility across different platforms and devices. Whether you prefer working with Microsoft PowerPoint or Google's collaborative environment, our template provides seamless integration and effortless sharing.

Who Can Benefit from Our Bakery Business Plan Template?

Our bakery business plan template is ideal for:

  • Bakery owners and managers
  • Entrepreneurs looking to start a bakery
  • Consultants offering bakery business services
  • Investors and lenders in the food industry
  • Students studying bakery and culinary programs

Whether you're seeking funding, presenting to potential partners, or simply organizing your bakery's growth strategy, our template will assist you in creating a comprehensive and impactful bakery business plan.

Download Your Bakery Business Plan Template Today

Don't miss out on the opportunity to elevate your bakery presentation. Download our Bakery Business Plan PowerPoint Template now and take your bakery business to new heights. Impress your audience, gain a competitive edge, and showcase your expertise in the industry.

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Bakery Business Plan - PowerPoint PPT Presentation

business plan bakery ppt

Bakery Business Plan

... pastries and confections, coffee-related accessories and equipment, and a line ... espresso machines, coffee filters, storage containers, travel tumblers and mugs. ... – powerpoint ppt presentation.

  • Executive Summary
  • 1.0 Introduction
  • Jolly's Java and Bakery (JJB) is a start-up coffee and bakery retail establishment located in southwest Washington. JJB expects to catch the interest of a regular loyal customer base with its broad variety of coffee and pastry products. The company plans to build a strong market position in the town, due to the partners' industry experience and mild
  • competitive climate in the area.
  • JJB aims to offer its products at a competitive price to meet the demand of the middle-to higher-income local market area residents and tourists.
  • JJB is incorporated in the state of Washington. It is equally owned and managed by its two partners.
  • Mr. Austin Patterson has extensive experience in sales, marketing, and management, and was vice president of marketing with both Jansonne Jansonne and Burper Foods. Mr. David Fields brings experience in the area of finance and administration, including a stint as chief financial officer with both Flaxfield Roasters and the national coffee store chain, BuzzCups.
  • The company intends to hire two full-time pastry bakers and six part-time baristas to handle customer service and day to day operations.
  • Products and Services
  • JJB offers a broad range of coffee and espresso products, all from high quality Columbian grown imported coffee beans. JJB caters to all of its customers by providing each customer coffee and espresso products made to suit the customer, down to the smallest detail.
  • The bakery provides freshly prepared bakery and pastry products at all times during business operations. Six to eight moderate batches of bakery and pastry products are prepared during the day to assure fresh baked goods are always available.
  • The retail coffee industry in the U.S. has recently experienced rapid growth. The cool marine climate in southwest Washington stimulates consumption of hot beverages throughout the year.
  • JJB wants to establish a large regular customer base, and will therefore concentrate its business and marketing on local residents, which will be the dominant target market. This will establish a healthy, consistent revenue base to ensure stability of the business. In addition, tourist traffic is expected to comprise approximately 35 of the revenues. High visibility and competitive products and service are critical to capture this segment of the market.
  • Financial Considerations
  • JJB expects to raise 110,000 of its own capital, and to borrow 100,000 guaranteed by the SBA as a ten-year loan. This provides the bulk of the current financing required.
  • JJB anticipates sales of about 491,000 in the first year, 567,000 in the second year, and 655,000 in the third year of the plan. JJB should break even by the fourth month of its operation as it steadily increases its sales. Profits for this time period are expected to be approximately 13,000 in year 1, 36,000 by year 2, and 46,000 by year 3. The company does not anticipate any cash flow problems.
  • JJB aims to offer high quality coffee, espresso, and pastry products at a competitive price to meet the demand of the middle- to higher-income local market area residents and tourists.
  • 1.2 Keys to Success
  • Keys to success for JJB will include
  • Providing the highest quality product with personal customer service.
  • Competitive pricing.
  • 2.0 Company Summary
  • JJB is a bakery and coffee shop managed by two partners. These partners represent sales/management and finance/administration areas, respectively. The partners will provide funding from their own savings, which will cover start-up expenses and provide a financial cushion for the first months of operation. A ten-year Small Business Administration (SBA) loan will cover the rest of the required financing. The company plans to build a strong market position in the town, due to the partners' industry experience and mild competitive climate in the area.
  • 2.1 Company Ownership
  • JJB is incorporated in the state of Washington. It is equally owned by its two partners.
  • JJB is a start-up company. Financing will come from the partners' capitaland a ten-year SBA loan. The following chart and table illustrate the company's projected initial start-up costs.
  • 3.0 Products
  • Market Analysis
  • 4.0 Market Analysis
  • JJB's focus is on meeting the demand of a regular local resident customer base, as well as a significant level of tourist traffic from nearby highways.
  • JJB focuses on the middle- and upper-income markets. These market segments consum e the majority of coffee and espresso products.
  • Local Residents
  • JJB wants to establish a large regular customer base. This will establish a healthy, consistent revenue base to ensure stability of the business.
  • Tourist traffic comprises approximately 35 of the revenues. High visibility and competitive products and service are critical to capture this segment of the market.
  • The chart and table below outline the total market potential of the above described customer segments. 
  • 4.2 Target Market Segment Strategy
  • The dominant target market for JJB is a regular stream of local residents. Personal and expedient customer service at a competitive price is key to maintaining the local market share of this target market.
  • 4.2.1 Market Needs
  • Because Washington has a cool climate for eight months out of the year, hot coffee products are very much in demand. During the remaining warmer four months of the year, iced coffee products are in significantly high demand, along with a slower but consistent demand for hot coffee products. Much of the day's activity occurs in the morning hours before ten a.m., with a relatively steady flow for the remainder of the day.
  • The retail coffee industry in the U.S. has recently experienced rapid growth. The cool marine climate in southwest Washington stimulates consumption of hot beverages throughout the year. Coffee drinkers in the Pacific Northwest are finicky about the quality of beverages offered at the numerous coffee bars across the region. Despite low competition in the immediate area, JJB will position itself as a place where customers can enjoy a cup of delicious coffee with a fresh pastry in a relaxing environment.
  • 4.3.1 Competition and Buying Patterns
  • Competition in the local area is somewhat sparse and does not provide nearly the level of product quality and customer service as JJB. Local customers are looking for a high quality product in a relaxing atmosphere. They desire a unique, classy experience.
  • Leading competitors purchase and roast high quality, whole-bean coffees and, along with Italian-style espresso beverages, cold-blended beverages, a variety of pastries and confections, coffee-related accessories and equipment, and a line of premium teas, sell these items primarily through company-operated retail stores. In addition to sales through company-operated retail stores, leading competitors sell coffee and tea products through other channels of distribution (specialty operations).
  • Larger chains vary their product mix depending upon the size of each store and its location. Larger stores carry a broad selection of whole bean coffees in various sizes and types of packaging, as well as an assortment of coffee- and espresso-making equipment and accessories such as coffee grinders, coffee makers, espresso machines, coffee filters, storage containers, travel tumblers and mugs. Smaller stores and kiosks typically sell a full line of coffee beverages, a more limited selection of whole-bean coffees, and a few accessories such as travel tumblers and logo mugs. During fiscal year 2000, industry retail sales mix by product type was approximately 73 beverages, 14 food items, eight percent whole-bean coffees, and five percent coffee-making equipment and accessories. Technologically savvy competitors make fresh coffee and coffee-related products conveniently available via mail order and online. Additionally, mail order catalogs offering coffees, certain food items, and select coffee-making equipment and accessories, have been made available by a few larger competitors. Websites offering online stores that allow customers to browse for and purchase coffee, gifts, and other items via the Internet have become more commonplace as well.
  • JJB will succeed by offering consumers high quality coffee, espresso, and bakery products with personal service at a competitive price.
  • 5.1 Competitive Edge
  • JJB's competitive edge is the relatively low level of competition in the local area in this particular niche.
  • 5.2 Sales Strategy
  • As the chart and table show, JJB anticipates sales of about 491,000 in the first year, 567,000 in the second year, and 655,000 in the third year of the plan.
  • Austin Patterson has extensive experience in sales, marketing, and management, and was vice president of marketing with both Jansonne Jansonne and Burper Foods. David Fields brings experience in the area of finance and administration, including a stint as chief financial officer with both Flaxfield Roasters and the national coffee store chain, BuzzCups.
  • 6.1 Personnel Plan
  • As the personnel plan shows, JJB expects to make significant investments in sales, sales support, and product development personnel.
  • JJB expects to raise 110,000 of its own capital, and to borrow 100,000 guaranteed by the SBA as a ten-year loan. This provides the bulk of the current financing required.
  • 7.1 Break-even Analysis
  • JJB's Break-even Analysis is based on the average of the first-year figures for total sales by units, and by operating expenses. These are presented as per-unit revenue, per-unit cost, and fixed costs. These conservative assumptions make for a more accurate estimate of real risk. JJB should break even by the fourth month of its operation as it steadily increases its sales.
  • The following is a projected Balance Sheet for JJB.
  • The following table represents key ratios for the retail bakery and coffee shop industry. These ratios are determined by the Standard Industry Classification (SIC) Index code 5812, Eating Places.

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Intel reports second-quarter 2024 financial results; announces $10 billion cost reduction plan to increase efficiency and market competitiveness, related documents.

NEWS SUMMARY

  • Second-quarter revenue of $12.8 billion, down 1% year over year (YoY).
  • Second-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.38); non-GAAP EPS attributable to Intel was $0.02.
  • Forecasting third-quarter 2024 revenue of $12.5 billion to $13.5 billion; expecting third-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $(0.03).
  • Implementing comprehensive reduction in spending, including a more than 15% headcount reduction, to resize and refocus.
  • Suspending dividend starting in the fourth quarter of 2024. The company reiterates its long-term commitment to a competitive dividend as cash flows improve to sustainably higher levels.
  • Achieved key milestones on Intel 18A with the 1.0 Process Design Kit (PDK) released and key power-on of first client and server products on Intel 18A, Panther Lake and Clearwater Forest.

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today reported second-quarter 2024 financial results.

“Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones. Second-half trends are more challenging than we previously expected, and we are leveraging our new operating model to take decisive actions that will improve operating and capital efficiencies while accelerating our IDM 2.0 transformation,” said Pat Gelsinger, Intel CEO. “These actions, combined with the launch of Intel 18A next year to regain process technology leadership, will strengthen our position in the market, improve our profitability and create shareholder value.”

“Second-quarter results were impacted by gross margin headwinds from the accelerated ramp of our AI PC product, higher than typical charges related to non-core businesses and the impact from unused capacity,” said David Zinsner, Intel CFO. “By implementing our spending reductions, we are taking proactive steps to improve our profits and strengthen our balance sheet. We expect these actions to meaningfully improve liquidity and reduce our debt balance while enabling us to make the right investments to drive long-term value for shareholders.”

Cost-Reduction Plan

As Intel nears the completion of rebuilding a sustainable engine of process technology leadership, it announced a series of initiatives to create a sustainable financial engine that accelerates profitable growth, enables further operational efficiency and agility, and creates capacity for ongoing strategic investment in technology and manufacturing leadership. These initiatives follow the establishment of separate financial reporting for Intel Products and Intel Foundry, which provides a "clean sheet" view of the business and has uncovered significant opportunities to drive meaningful operational and cost efficiencies. The actions include structural and operating realignment across the company, headcount reductions, and operating expense and capital expenditure reductions of more than $10 billion in 2025 compared to previous estimates. As a result of these actions, Intel aims to achieve clear line of sight toward a sustainable business model with the ongoing financial resources and liquidity needed to support the company’s long-term strategy.

The plan will enable the next phase of the company’s multiyear transformation strategy, and is focused on four key priorities:

  • Reducing Operating Expenses: The company will streamline its operations and meaningfully cut spending and headcount, reducing non-GAAP R&D and marketing, general and administrative (MG&A) to approximately $20 billion in 2024 and approximately $17.5 billion in 2025, with further reductions expected in 2026. Intel expects to reduce headcount by greater than 15% with the majority completed by the end of 2024.
  • Reducing Capital Expenditures: With the end of its historic five-nodes-in-four-years journey firmly in sight, Intel is now shifting its focus toward capital efficiency and investment levels aligned to market requirements. This will reduce gross capital expenditures* in 2024 by more than 20% from prior projections, bringing gross capital expenditures in 2024 to between $25 billion and $27 billion. Intel expects net capital spending* in 2024 of between $11 billion and $13 billion. In 2025, the company is targeting gross capital expenditures between $20 billion and $23 billion and net capital spending between $12 billion and $14 billion.
  • Reducing Cost of Sales: The company expects to generate $1 billion in savings in non-variable cost of sales in 2025. Product mix will continue to be a headwind next year, contributing to modest YoY improvements to 2025's gross margin.
  • Maintaining Core Investments to Execute Strategy: The company continues to advance its long-term innovation and path to leadership across process technology and products, and the increased efficiency from its actions is expected to further support its execution. In addition, Intel continues to sustain investments to build a resilient and sustainable semiconductor supply chain in the United States and around the world.

Intel is taking the added step of suspending the dividend starting in the fourth quarter, recognizing the importance of prioritizing liquidity to support the investments needed to execute its strategy. The company reiterates its long-term commitment to a competitive dividend as cash flows improve to sustainably higher levels.

Q2 2024 Financial Highlights

 

 

Revenue ($B)

$12.8

$12.9

down 1%

 

 

 

Gross Margin

35.4%

35.8%

down 0.4 ppt

38.7%

39.8%

down 1.1 ppts

R&D and MG&A ($B)

$5.6

$5.5

up 2%

$4.9

$4.7

up 5%

Operating Margin

(15.3)%

(7.8)%

down 7.5 ppts

0.2%

3.5%

down 3.3 ppts

Tax Rate

17.5%

280.5%

n/m**

13.0%

13.0%

Net Income (loss) Attributable to Intel ($B)

$(1.6)

$1.5

n/m**

$0.1

$0.5

down 85%

Earnings (loss) Per Share Attributable to Intel

$(0.38)

$0.35

n/m**

$0.02

$0.13

down 85%

In the second quarter, the company generated $2.3 billion in cash from operations and paid dividends of $0.5 billion.

 

Business Unit Summary

Intel previously announced the implementation of an internal foundry operating model, which took effect in the first quarter of 2024 and created a foundry relationship between its Intel Products business (collectively CCG, DCAI and NEX) and its Intel Foundry business (including Foundry Technology Development, Foundry Manufacturing and Supply Chain, and Foundry Services (formerly IFS)). The foundry operating model is a key component of the company's strategy and is designed to reshape operational dynamics and drive greater transparency, accountability, and focus on costs and efficiency. The company also previously announced its intent to operate Altera ® as a standalone business beginning in the first quarter of 2024. Altera was previously included in DCAI's segment results. As a result of these changes, the company modified its segment reporting in the first quarter of 2024 to align to this new operating model. All prior-period segment data has been retrospectively adjusted to reflect the way the company internally receives information and manages and monitors its operating segment performance starting in fiscal year 2024. There are no changes to Intel’s consolidated financial statements for any prior periods.

Intel Products:

 

 

Client Computing Group (CCG)

$7.4 billion

up 9%

Data Center and AI (DCAI)

$3.0 billion

down 3%

Network and Edge (NEX)

$1.3 billion

down 1%

Total Intel Products revenue

$11.8 billion

up 4%

Intel Foundry

$4.3 billion

up 4%

All other:

 

 

Altera

$361 million

down 57%

Mobileye

$440 million

down 3%

Other

$167 million

up 43%

Total all other revenue

$968 million

down 32%

Intersegment eliminations

$(4.3) billion

 

Total net revenue

$12.8 billion

down 1%

Intel Products Highlights

  • CCG: Intel continues to define and drive the AI PC category, shipping more than 15 million AI PCs since December 2023, far more than all of Intel's competitors combined, and on track to ship more than 40 million AI PCs by year-end. Lunar Lake, the company’s next-generation AI CPU, achieved production release in July 2024, ahead of schedule, with shipments starting in the third quarter. Lunar Lake will power over 80 new Copilot+ PCs across more than 20 OEMs.
  • DCAI: More than 130 million Intel ® Xeon ® processors power data centers around the world today, and at Computex Intel introduced its next-generation Intel ® Xeon ® 6 processor with Efficient-cores (E-cores), code-named Sierra Forest, marking the company’s first Intel 3 server product architected for high-density, scale-out workloads. Intel expects Intel ® Xeon ® 6 processors with Performance-cores (P-cores), code-named Granite Rapids, to begin shipping in the third quarter of 2024. The Intel ® Gaudi ® 3 AI accelerator is also on track to launch in the third quarter and is expected to deliver roughly two-times the performance per dollar on both inference and training versus the leading competitor.
  • NEX: Intel announced an array of AI-optimized scale-out Ethernet solutions, including the Intel AI network interface card and foundry chiplets that will launch next year. New infrastructure processing unit (IPU) adaptors for the enterprise are now broadly available and supported by Dell Technologies, Red Hat and others. IPUs will play an increasingly important role in Intel’s accelerator portfolio, which the company expects will help drive AI data center growth and profitability in 2025 and beyond. Additionally, Intel and others announced the creation of the Ultra Accelerator Link, a new industry standard dedicated to advancing high-speed, low-latency communication for scale-up AI systems communication in data centers.

Intel Foundry Highlights

  • Intel is nearing the completion of its promised five-nodes-in-four-years strategy, with Intel 18A on track to be manufacturing-ready by the end of this year and production wafer start volumes in the first half of 2025. In July 2024, Intel released to foundry customers the 1.0 PDK for Intel 18A. The company’s first two Intel 18A products, Panther Lake for client — the first microprocessor to use RibbonFet, PowerVia and advanced packaging — and Clearwater Forest for servers, are on track to launch in 2025.
  • Ansys, Cadence, Siemens, and Synopsys announced the availability of reference flows for Intel’s embedded multi-die interconnect bridge (EMIB) advanced packaging technology, which simplifies the design process and offers design flexibility. The companies also declared readiness for Intel 18A designs.
  • During the quarter, Intel named industry veteran Kevin O'Buckley to lead Foundry Services. The company also recently appointed Dr. Naga Chandrasekaran to lead Intel Foundry Manufacturing and Supply Chain. Their leadership will support Intel’s continued development of the first systems foundry for the AI era.

Other Highlights

Intel announced its second Semiconductor Co-Investment Program (SCIP) agreement, the formation of a joint venture with Apollo related to Intel’s Fab 34 in Ireland. SCIP is an element of Intel’s Smart Capital strategy, a funding approach designed to create financial flexibility to accelerate the company’s strategy, including investing in its global manufacturing operations, while maintaining a strong balance sheet.

Q3 2024 Dividend

The company announced that its board of directors has declared a quarterly dividend of $0.125 per share on the company’s common stock, which will be payable Sept. 1, 2024, to shareholders of record as of Aug. 7, 2024.

As noted earlier, Intel is suspending the dividend starting in the fourth quarter.

Business Outlook

Intel's guidance for the third quarter of 2024 includes both GAAP and non-GAAP estimates as follows:

 

 

Revenue

 

$12.5-13.5 billion

 

 

Gross Margin

 

34.5%

 

38.0%

Tax Rate

 

34%

 

13%

Earnings (Loss) Per Share Attributable to Intel—Diluted

 

$(0.24)

 

$(0.03)

Reconciliations between GAAP and non-GAAP financial measures are included below. Actual results may differ materially from Intel’s business outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below. The gross margin and EPS outlook are based on the mid-point of the revenue range.

Earnings Webcast

Intel will hold a public webcast at 2 p.m. PDT today to discuss the results for its second quarter of 2024. The live public webcast can be accessed on Intel's Investor Relations website at www.intc.com . The corresponding earnings presentation and webcast replay will also be available on the site.

Forward-Looking Statements

This release contains forward-looking statements that involve a number of risks and uncertainties. Words such as "accelerate", "achieve", "aim", "ambitions", "anticipate", "believe", "committed", "continue", "could", "designed", "estimate", "expect", "forecast", "future", "goals", "grow", "guidance", "intend", "likely", "may", "might", "milestones", "next generation", "objective", "on track", "opportunity", "outlook", "pending", "plan", "position", "possible", "potential", "predict", "progress", "ramp", "roadmap", "seek", "should", "strive", "targets", "to be", "upcoming", "will", "would", and variations of such words and similar expressions are intended to identify such forward-looking statements, which may include statements regarding:

  • our business plans and strategy and anticipated benefits therefrom, including with respect to our IDM 2.0 strategy, Smart Capital strategy, partnerships with Apollo and Brookfield, internal foundry model, updated reporting structure, and AI strategy;
  • projections of our future financial performance, including future revenue, gross margins, capital expenditures, and cash flows;
  • projected costs and yield trends;
  • future cash requirements, the availability, uses, sufficiency, and cost of capital resources, and sources of funding, including for future capital and R&D investments and for returns to stockholders, such as stock repurchases and dividends, and credit ratings expectations;
  • future products, services, and technologies, and the expected goals, timeline, ramps, progress, availability, production, regulation, and benefits of such products, services, and technologies, including future process nodes and packaging technology, product roadmaps, schedules, future product architectures, expectations regarding process performance, per-watt parity, and metrics, and expectations regarding product and process leadership;
  • investment plans and impacts of investment plans, including in the US and abroad;
  • internal and external manufacturing plans, including future internal manufacturing volumes, manufacturing expansion plans and the financing therefor, and external foundry usage;
  • future production capacity and product supply;
  • supply expectations, including regarding constraints, limitations, pricing, and industry shortages;
  • plans and goals related to Intel's foundry business, including with respect to anticipated customers, future manufacturing capacity and service, technology, and IP offerings;
  • expected timing and impact of acquisitions, divestitures, and other significant transactions, including the sale of our NAND memory business;
  • expected completion and impacts of restructuring activities and cost-saving or efficiency initiatives;
  • future social and environmental performance goals, measures, strategies, and results;
  • our anticipated growth, future market share, and trends in our businesses and operations;
  • projected growth and trends in markets relevant to our businesses;
  • anticipated trends and impacts related to industry component, substrate, and foundry capacity utilization, shortages, and constraints;
  • expectations regarding government incentives;
  • future technology trends and developments, such as AI;
  • future macro environmental and economic conditions;
  • geopolitical tensions and conflicts and their potential impact on our business;
  • tax- and accounting-related expectations;
  • expectations regarding our relationships with certain sanctioned parties; and
  • other characterizations of future events or circumstances.

Such statements involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied, including those associated with:

  • the high level of competition and rapid technological change in our industry;
  • the significant long-term and inherently risky investments we are making in R&D and manufacturing facilities that may not realize a favorable return;
  • the complexities and uncertainties in developing and implementing new semiconductor products and manufacturing process technologies;
  • our ability to time and scale our capital investments appropriately and successfully secure favorable alternative financing arrangements and government grants;
  • implementing new business strategies and investing in new businesses and technologies;
  • changes in demand for our products;
  • macroeconomic conditions and geopolitical tensions and conflicts, including geopolitical and trade tensions between the US and China, the impacts of Russia's war on Ukraine, tensions and conflict affecting Israel and the Middle East, and rising tensions between mainland China and Taiwan;
  • the evolving market for products with AI capabilities;
  • our complex global supply chain, including from disruptions, delays, trade tensions and conflicts, or shortages;
  • product defects, errata and other product issues, particularly as we develop next-generation products and implement next-generation manufacturing process technologies;
  • potential security vulnerabilities in our products;
  • increasing and evolving cybersecurity threats and privacy risks;
  • IP risks including related litigation and regulatory proceedings;
  • the need to attract, retain, and motivate key talent;
  • strategic transactions and investments;
  • sales-related risks, including customer concentration and the use of distributors and other third parties;
  • our significantly reduced return of capital in recent years;
  • our debt obligations and our ability to access sources of capital;
  • complex and evolving laws and regulations across many jurisdictions;
  • fluctuations in currency exchange rates;
  • changes in our effective tax rate;
  • catastrophic events;
  • environmental, health, safety, and product regulations;
  • our initiatives and new legal requirements with respect to corporate responsibility matters; and
  • other risks and uncertainties described in this release, our 2023 Form 10-K, and our other filings with the SEC.

Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made in this release and in other documents we file from time to time with the SEC that disclose risks and uncertainties that may affect our business.

Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this filing. In addition, the forward-looking statements in this release are based on management's expectations as of the date of this release, unless an earlier date is specified, including expectations based on third-party information and projections that management believes to be reputable. We do not undertake, and expressly disclaim any duty, to update such statements, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law.

About Intel

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.

© Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

Intel Corporation

Consolidated Condensed Statements of Income and Other Information

 

 

 

 

 

 

 

 

 

 

 

Cost of sales

 

 

8,286

 

 

 

8,311

 

 

 

 

 

 

 

Research and development

 

 

4,239

 

 

 

4,080

 

Marketing, general, and administrative

 

 

1,329

 

 

 

1,374

 

Restructuring and other charges

 

 

943

 

 

 

200

 

 

 

 

 

 

 

 

 

 

 

Gains (losses) on equity investments, net

 

 

(120

)

 

 

(24

)

Interest and other, net

 

 

80

 

 

 

224

 

 

 

 

 

Provision for (benefit from) taxes

 

 

(350

)

 

 

(2,289

)

 

 

 

 

 

Less: Net income (loss) attributable to non-controlling interests

 

 

(44

)

 

 

(8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive effect of employee equity incentive plans

 

 

 

 

 

14

 

 

 

 

 

 

 

 

 

 

Employees

 

 

 

Intel

116.5

116.4

118.1

Mobileye and other subsidiaries

5.3

5.2

4.7

NAND

3.5

3.6

4.0

Total Intel

Employees of the NAND memory business, which we divested to SK hynix on completion of the first closing on December 29, 2021 and fully deconsolidated in Q1 2022. Upon completion of the second closing of the divestiture, which remains pending and subject to closing conditions, the NAND employees will be excluded from the total Intel employee number.

Intel Corporation

Consolidated Condensed Balance Sheets

 

 

 

 

 

 

 

Current assets:

 

 

 

 

Cash and cash equivalents

 

$

11,287

 

 

$

7,079

 

Short-term investments

 

 

17,986

 

 

 

17,955

 

Accounts receivable, net

 

 

3,131

 

 

 

3,402

 

Inventories

 

 

 

 

Raw materials

 

 

1,284

 

 

 

1,166

 

Work in process

 

 

6,294

 

 

 

6,203

 

Finished goods

 

 

3,666

 

 

 

3,758

 

 

 

 

 

 

 

 

Other current assets

 

 

7,181

 

 

 

3,706

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

Short-term debt

 

$

4,695

 

 

$

2,288

 

Accounts payable

 

 

9,618

 

 

 

8,578

 

Accrued compensation and benefits

 

 

2,651

 

 

 

3,655

 

Income taxes payable

 

 

1,856

 

 

 

1,107

 

Other accrued liabilities

 

 

13,207

 

 

 

12,425

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

Common stock and capital in excess of par value, 4,276 issued and outstanding (4,228 issued and outstanding as of December 30, 2023)

 

 

49,763

 

 

 

36,649

 

Accumulated other comprehensive income (loss)

 

 

(696

)

 

 

(215

)

Retained earnings

 

 

66,162

 

 

 

69,156

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intel Corporation

Consolidated Condensed Statements of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows provided by (used for) operating activities:

 

 

 

 

Net income (loss)

 

 

(2,091

)

 

 

(1,295

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

 

 

 

 

Depreciation

 

 

4,403

 

 

 

3,733

 

Share-based compensation

 

 

1,959

 

 

 

1,661

 

Restructuring and other charges

 

 

1,291

 

 

 

255

 

Amortization of intangibles

 

 

717

 

 

 

909

 

(Gains) losses on equity investments, net

 

 

(84

)

 

 

(146

)

Changes in assets and liabilities:

 

 

 

 

Accounts receivable

 

 

272

 

 

 

1,137

 

Inventories

 

 

(116

)

 

 

1,240

 

Accounts payable

 

 

184

 

 

 

(1,102

)

Accrued compensation and benefits

 

 

(1,309

)

 

 

(1,340

)

Income taxes

 

 

(2,174

)

 

 

(2,186

)

Other assets and liabilities

 

 

(1,983

)

 

 

(1,843

)

 

 

 

 

 

 

 

 

 

 

 

 

Cash flows provided by (used for) investing activities:

 

 

 

 

Additions to property, plant, and equipment

 

 

(11,652

)

 

 

(13,301

)

Proceeds from capital-related government incentives

 

 

699

 

 

 

49

 

Purchases of short-term investments

 

 

(17,634

)

 

 

(25,696

)

Maturities and sales of short-term investments

 

 

17,214

 

 

 

26,957

 

Other investing

 

 

(355

)

 

 

662

 

 

 

 

 

Cash flows provided by (used for) financing activities:

 

 

 

 

Issuance of commercial paper, net of issuance costs

 

 

5,804

 

 

 

 

Repayment of commercial paper

 

 

(2,609

)

 

 

(3,944

)

Payments on finance leases

 

 

 

 

 

(96

)

Partner contributions

 

 

11,861

 

 

 

834

 

Proceeds from sales of subsidiary shares

 

 

 

 

 

1,573

 

Issuance of long-term debt, net of issuance costs

 

 

2,975

 

 

 

10,968

 

Repayment of debt

 

 

(2,288

)

 

 

 

Proceeds from sales of common stock through employee equity incentive plans

 

 

631

 

 

 

665

 

Payment of dividends to stockholders

 

 

(1,063

)

 

 

(2,036

)

Other financing

 

 

(444

)

 

 

(453

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intel Corporation

Supplemental Operating Segment Results

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Desktop

 

$

2,527

 

 

$

2,370

 

Notebook

 

 

4,480

 

 

 

3,896

 

Other

 

 

403

 

 

 

514

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Altera

 

 

361

 

 

 

848

 

Mobileye

 

 

440

 

 

 

454

 

Other

 

 

167

 

 

 

117

 

 

 

 

 

 

 

 

 

 

 

Intersegment eliminations

 

 

(4,254

)

 

 

(3,941

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Altera

 

 

(25

)

 

 

346

 

Mobileye

 

 

72

 

 

 

129

 

Other

 

 

(82

)

 

 

(120

)

 

 

 

 

 

 

 

 

 

Intersegment eliminations

 

 

(291

)

 

 

(413

)

Corporate unallocated expenses

 

 

(1,720

)

 

 

(1,608

)

 

 

For information about our operating segments, including the nature of segment revenues and expenses, and a reconciliation of our operating segment revenue and operating income (loss) to our consolidated results, refer to our Form 10-K filed on January 26, 2024, Form 8-K furnished on April 2, 2024 and 10-Q filed on August 1, 2024.

Intel Corporation Explanation of Non-GAAP Measures

In addition to disclosing financial results in accordance with US GAAP, this document contains references to the non-GAAP financial measures below. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. Some of these non-GAAP financial measures are used in our performance-based RSUs and our cash bonus plans.

Our non-GAAP financial measures reflect adjustments based on one or more of the following items, as well as the related income tax effects. Income tax effects are calculated using a fixed long-term projected tax rate of 13% across all adjustments. We project this long-term non-GAAP tax rate on at least an annual basis using a five-year non-GAAP financial projection that excludes the income tax effects of each adjustment. The projected non-GAAP tax rate also considers factors such as our tax structure, our tax positions in various jurisdictions, and key legislation in significant jurisdictions where we operate. This long-term non-GAAP tax rate may be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in our geographic earnings mix, or changes to our strategy or business operations. Management uses this non-GAAP tax rate in managing internal short- and long-term operating plans and in evaluating our performance; we believe this approach facilitates comparison of our operating results and provides useful evaluation of our current operating performance.

Our non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the financial results calculated in accordance with US GAAP and reconciliations from these results should be carefully evaluated.

Acquisition-related adjustments

Amortization of acquisition-related intangible assets consists of amortization of intangible assets such as developed technology, brands, and customer relationships acquired in connection with business combinations. Charges related to the amortization of these intangibles are recorded within both cost of sales and MG&A in our US GAAP financial statements. Amortization charges are recorded over the estimated useful life of the related acquired intangible asset, and thus are generally recorded over multiple years.

 

We exclude amortization charges for our acquisition-related intangible assets for purposes of calculating certain non-GAAP measures because these charges are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. These adjustments facilitate a useful evaluation of our current operating performance and comparison to our past operating performance and provide investors with additional means to evaluate cost and expense trends.

 

Share-based compensation

Share-based compensation consists of charges related to our employee equity incentive plans.

We exclude charges related to share-based compensation for purposes of calculating certain non-GAAP measures because we believe these adjustments provide comparability to peer company results and because these charges are not viewed by management as part of our core operating performance. We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model, how management currently evaluates core operational performance, and additional means to evaluate expense trends, including in comparison to other peer companies.

 

Restructuring and other charges

Restructuring charges are costs associated with a restructuring plan and are primarily related to employee severance and benefit arrangements. Other charges include periodic goodwill and asset impairments, and costs associated with restructuring activity. Q2 2024 includes a charge arising out of the R2 litigation.

We exclude restructuring and other charges, including any adjustments to charges recorded in prior periods, for purposes of calculating certain non-GAAP measures because these costs do not reflect our core operating performance. These adjustments facilitate a useful evaluation of our core operating performance and comparisons to past operating results and provide investors with additional means to evaluate expense trends.

 

(Gains) losses on equity investments, net

(Gains) losses on equity investments, net consists of ongoing mark-to-market adjustments on marketable equity securities, observable price adjustments on non-marketable equity securities, related impairment charges, and the sale of equity investments and other.

 

We exclude these non-operating gains and losses for purposes of calculating certain non-GAAP measures because it provides comparability between periods. The exclusion reflects how management evaluates the core operations of the business.

 

(Gains) losses from divestiture

(Gains) losses are recognized at the close of a divestiture, or over a specified deferral period when deferred consideration is received at the time of closing. Based on our ongoing obligation under the NAND wafer manufacturing and sale agreement entered into in connection with the first closing of the sale of our NAND memory business on December 29, 2021, a portion of the initial closing consideration was deferred and will be recognized between first and second closing.

 

We exclude gains or losses resulting from divestitures for purposes of calculating certain non-GAAP measures because they do not reflect our current operating performance. These adjustments facilitate a useful evaluation of our current operating performance and comparisons to past operating results.

Adjusted free cash flow

We reference a non-GAAP financial measure of adjusted free cash flow, which is used by management when assessing our sources of liquidity, capital resources, and quality of earnings. Adjusted free cash flow is operating cash flow adjusted for (1) additions to property, plant, and equipment, net of proceeds from capital-related government incentives and partner contributions, and (2) payments on finance leases.

 

This non-GAAP financial measure is helpful in understanding our capital requirements and sources of liquidity by providing an additional means to evaluate the cash flow trends of our business.

Net capital spending

We reference a non-GAAP financial measure of net capital spending, which is additions to property, plant, and equipment, net of proceeds from capital-related government incentives and partner contributions.

We believe this measure provides investors with useful supplemental information about our capital investment activities and capital offsets, and allows for greater transparency with respect to a key metric used by management in operating our business and measuring our performance.

 

Intel Corporation Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals

Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the reconciliations from US GAAP to Non-GAAP actuals should be carefully evaluated. Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors.

 

 

 

Acquisition-related adjustments

 

224

 

 

306

 

Share-based compensation

 

195

 

 

210

 

 

 

 

 

Acquisition-related adjustments

 

1.7

%

 

2.4

%

Share-based compensation

 

1.5

%

 

1.6

%

 

 

 

 

Acquisition-related adjustments

 

(41

)

 

(44

)

Share-based compensation

 

(585

)

 

(712

)

 

 

Acquisition-related adjustments

 

265

 

 

350

 

Share-based compensation

 

780

 

 

922

 

Restructuring and other charges

 

943

 

 

200

 

 

 

 

 

Acquisition-related adjustments

 

2.1

%

 

2.7

%

Share-based compensation

 

6.1

%

 

7.1

%

Restructuring and other charges

 

7.3

%

 

1.5

%

 

 

 

 

Income tax effects

 

(4.5

)%

 

(267.5

)%

 

 

 

Acquisition-related adjustments

 

265

 

 

350

 

Share-based compensation

 

780

 

 

922

 

Restructuring and other charges

 

943

 

 

200

 

(Gains) losses on equity investments, net

 

120

 

 

24

 

(Gains) losses from divestiture

 

(39

)

 

(39

)

Adjustments attributable to non-controlling interest

 

(18

)

 

(18

)

Income tax effects

 

(358

)

 

(2,373

)

 

 

 

 

 

 

 

Acquisition-related adjustments

 

0.06

 

 

0.08

 

Share-based compensation

 

0.18

 

 

0.22

 

Restructuring and other charges

 

0.22

 

 

0.05

 

(Gains) losses on equity investments, net

 

0.03

 

 

0.01

 

(Gains) losses from divestiture

 

(0.01

)

 

(0.01

)

Adjustments attributable to non-controlling interest

 

 

 

 

Income tax effects

 

(0.08

)

 

(0.57

)

 

 

 

 

 

 

 

Net partner contributions and incentives received (cash expended) for property plant and equipment

 

5,863

 

 

(5,454

)

Payments on finance leases

 

 

 

(81

)

 

 

 

 

Intel Corporation Supplemental Reconciliations of GAAP Outlook to Non-GAAP Outlook

Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the financial outlook prepared in accordance with US GAAP and the reconciliations from this Business Outlook should be carefully evaluated. Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors.

 

 

Approximately

 

Acquisition-related adjustments

 

1.7

%

Share-based compensation

 

1.8

%

 

 

 

 

Income tax effects

 

(21

)%

 

 

 

Acquisition-related adjustments

 

0.06

 

Share-based compensation

 

0.23

 

Restructuring and other charges

 

0.06

 

(Gains) losses from divestiture

 

(0.01

)

Adjustments attributable to non-controlling interest

 

 

Income tax effects

 

(0.13

)

Non-GAAP gross margin percentage and non-GAAP EPS outlook based on the mid-point of the revenue range.

Intel Corporation Supplemental Reconciliations of Other GAAP to Non-GAAP Forward-Looking Estimates

Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the reconciliations should be carefully evaluated. Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors.

 

 

 

 

Approximately

 

Approximately

 

 

 

 

 

 

 

Acquisition-related adjustments

 

(0.2)

 

(0.1)

Share-based compensation

 

(2.7)

 

(2.5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from capital-related government incentives

 

(1.5 - 3.5)

 

(4.0 - 6.0)

Partner contributions

 

(12.5)

 

(4.0 - 5.0)

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20240801042170/en/

Kylie Altman Investor Relations 1-916-356-0320 [email protected] Penny Bruce Media Relations 1-408-893-0601 [email protected]

Source: Intel Corporation

Released Aug 1, 2024 • 4:01 PM EDT

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tatarstan kazan

Tatarstan, Kazan

Jul 19, 2014

470 likes | 1.39k Views

Russian Federation. Tatarstan, Kazan. Welcome to Kazan !. Kazan is the capital of the Republic of Tatarstan, one of the largest and most beautiful cities of Russia, which is on the list of UNESCO World Heritage cities. Kazan. The old Kazan.

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  • world class sport events
  • red bell tower
  • antiquity spell

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Presentation Transcript

Russian Federation Tatarstan, Kazan Welcome to Kazan!

Kazan is the capital of the Republic of Tatarstan, one of the largest and most beautiful cities of Russia, which is on the list of UNESCO World Heritage cities. Kazan

The old Kazan The old Kazan in the center of the city. There are beautiful buildings raised in different architectural styles

Buildings of Kazan Mansions in the style of modernism coexist with the Baroque monuments. You can feel the aura of antiquity spell from ancient walls of the Kazan Kremlin wherefrom a superb view on the river opens.

Downtown Imagination is boggled by the red bell tower of Bogoyavlenskaya church at the pedestrian Bauman street beloved by tourists.

The East`s and the West`s cultures Kazan easily combines the culture and traditions of the East and the West: next to the finely cut minaret towers there are old Orthodox churches. A prevailing feature of life in the city is peaceful, creative coexistence of different religions andnationalities.

One of the important areas of life in the city belongs to sports. Ice hockey Club "Ak Bars", soccer "Rubin", basketball club "Unics", volleyball club “Zenit" and others commendably represent Kazan at the championships of Russia, Europe and the world. Sport

Sports facilities In recent years the following major sports facilities have been built in Kazan: Basket-hall, Ice Sports Palace "Tatneft Arena ", horse race track, Russian ice hockey stadium. The Central Stadium has been renovated. Water Sports Palace construction will be completed shortly. The world- class sport events are held in the city.

Kazan got the privilege of organizing the biggest event – 2013 Summer Universiade. In Brussels the majority of the executive committee members gave their votes for the Russian application. Universiade 2013 Summer

Universiade In 2004 Kazan was recognized as the Best City of Russia and finally became All-Russian social “Russian National Olympus” prize winner. 2013 Summer Universiade is going to become a general rehearsal of Sochi Olympic Games as well as a good start for All-Russia and Povolzhye region sport development.

TATNEFT ARENA presents: Unique project elaborated by the employees of the Ice Sport Palace TATNEFT ARENA

Professional tournament "Fighting by the rules of the TNA" was launched in Kazan in 2007! Now the tournament is well known among fans of martial arts. The tournament involving athletes from 30 countries!!! The requirements for the participants became stricter: Russian competitors are obliged to have Russian champion status, the same is for foreign participants - they have to be champions of their own country.

TNA Rules – the fight policy was elaborated especially for the Championship, it combines striking techniques from different kinds of martial arts such as kyokushinkai, Muay Thai, kickboxing, that certainly makes the whole event quite spectacular. The fighters are prohibited from wrestling and grappling. Victory,only by knockout! Muay Thai Kickboxing Kyokushinkai

The rules of the project allow the participation of sportsmen in different kinds of Martial Arts. It means that in the end of the season the Alea's Champion Martial Arts (Absolute Champion) is going to be revealed. Victory,only by knockout!

The fights take place on a quadrilateral boxing ring at audience presence. Each event is a spectacular show, which satisfies world’s standards.

Number of participants: 48 sportsmen In each weight are 16 athletes. Number of weight divisions: three Up to 70 (seventy) kilograms; Up to 80 (eighty) kilograms; Over 80(eighty) kilograms; The tournament continues throughout the entire calendar year, and consists of eight tournaments. 1/8 finals - 4 tournament ¼ finals - 2 tournament ½ finals - 1 tournament Final - 1 tournament. Each tournament consists of 6 matches. The duration of each tournament about 2 hours and 30 minutes. Tournament table and the schedule of fights are developed and confirmed by the Organizing committee.

Selective, test and rating fights – three 3-minute rounds with two 1-minute rest period in-between rounds. If all 3 rounds end in a draw an extra 3-minute round is usually added to define the ultimate winner.Each tournament lasts about 2 hours and 30 minutes. FORMULA FIGHTS 3 min 3 min 3 min 3 min Round 1 Extra Round Round 2 Round 3 1 min 1 min Rest period Rest period

Television and Radio Company “TATARSTAN – New Age” is a satellite television. TV programs can be received from 2 satellites. TV Shoot and Broadcast ABS-1 (LMI-1) EUTELSAT W4

ABS-1 (LMI-1)satellite Orbital location – 75 degrees Transponders bandwidth – 12731.5 MHz Signal polarization – vertical Symbol rate – 22.00 Msyb/s Modulation – QPSK; FEC – 7/8 Receiving antennas requirements: professional transmission – 1,5 – 2,4 m, individual transmission – 1,2 – 1,5 m. This satellite covers the area of Eastern and Central Europe, Scandinavia, Northern India, China, Japan, Central Asia and Far Eastern parts of Russia, thus TNV programs can be easily viewed in these regions. TV Shoot and Broadcast

“EUTELSAT W4”satellite Satellite based traffic flow parameters correspond with MPEG-2/DVB-s Transponders bandwidth – 12174,375 MHz Symbol rate –4.340 Msyb/s FEC - 3/4 Signal polarization – circular left hand, horizontal Oscillator frequency – 10 750 MHz PID: Video=320; Audio1=401 (TV sound support); Audio2=402 (“Yana Gasyr” radio programme) PCR= 320 This satellite allows transmission of TNV programmes to European parts of Russia, Ural, Eastern Siberia, practically all CIS countries and some countries of the near abroad. TV Shoot and Broadcast

Our championship is interesting and available for the wide public. At the same time the championship target audiences are people with high income, who have taste for high quality life. Our target audiences are the consumers of high quality products in high or mid-price category. Championship Target Audience Interests of our target audience: sport, active recreation, cars, high-tech technologies.

Championship Target Audience

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Welcome to Tatarstan. Welcome to Tatarstan. Tatarstan. The Republic of Tatarstan is a subject of the Russian Federation. The Declaration of State sovereignty of the Republic was signed on the 30 th of August, 1990. The names “republic of Tatarstan” and “Tatarstan” are equivalent. Languages.

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COMMENTS

  1. Bakery Business Plan

    Premium Google Slides theme, PowerPoint template, and Canva presentation template You're walking down the street, you pass by the store window of a bakery and that's the moment when love at first sight happens. Between the delicious smell of freshly baked bread and the various chocolate or strawberry cakes, you can't take your eyes off the bakery.

  2. Bakery Business Plan PDF Example

    Our bakery business plan is designed to encompass all crucial elements required for a thorough strategic approach. It details the bakery's operations, marketing strategy, market environment, competitors, management team, and financial projections, ensuring a holistic view of the business's path to success. Executive Summary: Offers an ...

  3. Bakery Business Plan Free Google Slides PowerPoint Templates

    Bakery Business Plan Google Slides Theme and PowerPoint Template - This Free Presentation template and theme makes it easy to create professional Google Slides and PowerPoint. Free Google Slides Themes PowerPoint Templates - Talk to your customers with this creative marketing presentation.

  4. Download Now: Bakery Business Plan Templates for 2021

    We provide bakery business plan templates you can download in PDF, PowerPoint, and Google Docs for free. Don't start a bakery before viewing these documents.

  5. Bakery Business Plan

    Hand-Drawn Bakery Business Plan Presentation Free Google Slides theme, PowerPoint template, and Canva presentation template Every bakery needs a business plan, so make sure you make yours look good! This template is a great way to do it. Its beautiful hand-drawn design is full of illustrations of bread, wheat, and more.

  6. Bakery Business Plan Template & Sample (2024)

    PlanBuildr's bakery business plan template will help you to quickly & easily complete your plan & take your company to the next level.

  7. Bakery Business Plan

    Fully editable 30+ slides Powerpoint presentation business plan template for bakeries. 5,900+ downloads. Free support.

  8. Bakery Business Plan PowerPoint Template and Google Slides Theme

    Use this editable template for MS PowerPoint and Google Slides to showcase your Bakery Business Plan in an appealing manner. High-resolution infographics!

  9. Must-Have Bakery Business Plan Templates with Samples and ...

    Enter the realm of SlideTeam's Bakery Business Plan PowerPoint Templates, a game-changing tool designed to empower entrepreneurs with a clear path to success. Tailored for both novices and connoisseurs of the culinary arts, these Templates marry the artistry of handmade cookies with the precision of a financial mastermind, catering to the diverse needs of the bakery business landscape.

  10. Bakery Business Plan Template [Updated 2024 ]

    Planning to write a bakery business plan? This article will serve you perfectly with its step-by-step guide and examples perfectly relevant to your bakery business.

  11. PPT

    Discover the key ingredients for bakery business success with our Bakery Business Plan PDF. This essential guide provides a roadmap for entrepreneurs, offering insights on market research, marketing strategies, financial projections, and more. Whether you're a seasoned baker or just starting, download our PDF to turn your bakery dreams into a profitable reality.

  12. PPT

    Bakery Business Plan. Heather Haeusler, Whitney Block, Nicole Greenbank, & Andrew Spencer. Project Overview. The bakery is proposed as a means of additional income for the family farm. Products are homemade and of high quality. The bakery will be run the women family. Operations Plan. Download Presentation inventories accounts receivable payable country oven whitney block bulk cheese warehouse ...

  13. Bakery Business Plan PowerPoint Template

    Bakery Business Plan PowerPoint Template - Enhance your bakery presentation with our professional and customizable bakery business plan template. Download

  14. Bakery Business Plan Presentation by Cristina Hutchinson on Prezi

    Target Market Competitive Advantage Ages 10-64 years old Male and Female Middle-to-higher income residents Surrounding Business Diversified product lines Central location Quality known Brand Business 227 Business Plan Presentation April 11, 2016 Cristina Hutchinson 300103062

  15. PPT

    The Bakery Business Plan. Heather Haeusler, Whitney Block, Nicole Greenbank, & Andrew Spencer. Project Overview. The bakery is proposed as a means of additional income for the family farm. Products are homemade and of high quality. The bakery will be run the women family. Operations Plan.

  16. PPT

    Bakery Business Plan. Executive Summary. 1.0 Introduction. Jolly's Java and Bakery (JJB) is a. start-up coffee and bakery retail establishment. located in southwest Washington. JJB expects to. catch the interest of a regular loyal customer. base with its broad variety of coffee and pastry.

  17. How to Write a Restaurant Business Plan (+Free Template)

    A restaurant business plan can create a solid foundation to help your restaurant flourish. Use these steps and templates to create one.

  18. Tatarstan Republic (Kazan)

    1. Make: Epifanova Olesya Student 4 courses of group 4331 2. I want to tell you about Tatarstan, one of the biggest republics of Russia. It is located in the Eastern part of Europe at the junction of the Volga and Kama rivers. Its population is about three million people. Climate is moderatecontinental with warm, sometimes hot summers and moderate cold winters. ...

  19. The Grove Cafe & Bakery

    Noticed this bakery/cafe while driving through Felton on my way to Henry Cowell. Seemed like the perfect place for a post-hike treat, so we made it a point to stop in on our way out. We came later in the day and they still had a pretty good selection of pastries!

  20. PPT

    Famous people of Tatarstan. Oh, Kazan! Spirited Kazan! Melodious Kazan! Radiant Kazan!. Here are all the solemn places and deeds of our ancestors, Here are all the beauties and t he paradise of the yearning soul!. Gabdullah Tukay. - er. - or. p aint write c ompose d ance

  21. Intel Reports Second-Quarter 2024 Financial Results; Announces $10

    Intel Reports Second-Quarter 2024 Financial Results; Announces $10 Billion Cost Reduction Plan to Increase Efficiency and Market Competitiveness

  22. PPT

    Investment Project: «Construction of Industrial Complex for Deep Processing of Colza Oilseeds in the Republic of Tatarstan». The Republic of Tatarstan, Kazan. MAIN PROJECT PARAMETERS (1/2). PROJECT NAME. Construction of industrial complex for deep processing of colza oilseeds.

  23. Moving north

    Over the last two years, around 10 restaurants have either established a Baltimore location or plan to add one soon. Here's what's drawing them up Interstate 95.

  24. PPT

    Russian Federation. Tatarstan, Kazan. Welcome to Kazan !. Kazan is the capital of the Republic of Tatarstan, one of the largest and most beautiful cities of Russia, which is on the list of UNESCO World Heritage cities. Kazan. The old Kazan.