Dp Poland Plc · LSE:DPP
Dp Poland — H1 2025 Earnings Presentation
24 slides from Dp Poland's earnings presentation, September 2025
Slide 1: Half Year Results 2025
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Slide 2: Management
MANAGEMENT TODAY’S PRESENTERS NILS GORNALL EDWARD KACYRZ CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER APPOINTED AUGUST 2022 APPOINTED DECEMBER 2022 • ”Dominoid” • Chartered Accountant with 20 years of experience. • 30 years of operational experience at Domino’s • Has held a number of financial, s
Slide 3: Strong H1 Performance; Momentum Continuing
STRONG H1 PERFORMANCE; MOMENTUM CONTINUING • Group system sales up 5.6% YoY to £28.8m1 • Revenue growth of 8.7% to £28.7m • EBITDA up 22.5% YoY to £2.5m (Pre-IFRS EBITDA H1’2025 up by 264.6% YoY)2 DELIVERED IN • Strategic acquisition of Pizzeria 105 in March 2025 (90 franchised stores, 76 H1 2025 fr
Slide 4: Financial Statements 2025
FINANCIAL STATEMENTS 2025 4
Slide 5: H1 2025 Financial Results
H1 2025 FINANCIAL RESULTS* IMPROVEMENTS EVIDENT IN THE NUMBERS • Revenue growth continues, with the Group FRANCHISE NETWORK delivering record system sales in H1 2025 GROUP REVENUE • We are advancing our transition to a SHARE franchise-led model, with franchised stores representing 17% of the estate
Slide 6: Revenue Growth and Softer Inflation Boost Performance
REVENUE GROWTH AND SOFTER INFLATION BOOST PERFORMANCE EBITDA GROWTH UNDERPINS IMPROVED RESULTS Group Income Statement Unaudited Unaudited 6 months to 6 months to 1. Continuous revenue growth (+8.7%) 30.06.2025 30.06.2024 • Group system sales up 5.6%1 Currency: GBPm Restated % change • Pizzeria 105 g
Slide 7: Healthy Balance Sheet
HEALTHY BALANCE SHEET NET ASSETS OF THE GROUP OF £34.2 MILLION Group Balance Sheet Unaudited Audited Currency: GBPm Jun25 Dec24 % change 1. Goodwill and intangible assets increased by 39.6% Non-current assets 43.8 31.3 39.6% due to the recognition of identifiable intangible assets Goodwill and intan
Slide 8: Poland
POLAND 8
Slide 9: Our Core Market – Poland
OUR CORE MARKET – POLAND ESTABLISHED BRAND WITH POTENTIAL TO SCALE POLAND • Store footprint: 118 Domino’s locations in Poland, of which 17% are franchise-operated and the remainder are corporate-owned POPULATION: 38.1 MILLION CURRENT STORE COUNT: 118 STORES • Pizzeria 105 acquisition unlocks potenti
Slide 10: Poland Delivers Outstanding Sales Growth
10 10 12 14 16 18 20 22 24 26 JAN 22 FEB 22 MAR 22 APR 22 JUN 22 JUL 22 AU G 22 SEP 22 OCT 22 NOV 22 DEC 22 JAN 23 FEB 23 MAR 23 APR 23 OPERATIONAL EXCELLENCE PAYS OFF MAY 23 JUN 23 JUL 23 AU G 23 SEP 23 OCT 23 NOV 23 DEC 23 JAN 24 FEB 24 MAR 24 APR 24 SYSTEM SALES IN PLNM MAY 24 JUN 24 POLAND DELIV
Slide 11: Where Is Sales Growth Coming From?
WHERE IS SALES GROWTH COMING FROM ? THE THREE KEY DRIVERS* New customers** Order frequency*** Ticket Value in PLN 600 CAGR 8.9% 5.2 CAGR 2.4% 65 CAGR 4.3% 500 5 400 4.8 60 300 4.6 200 4.4 55 100 4.2 0 4 50 H1 2022 H1 2023 H1 2024 H1 2025 H1 2022 H1 2023 H1 2024 H1 2025 H1 2022 H1 2023 H1 2024 H1 202
Slide 12: Improved Customer Satisfaction
IMPROVED CUSTOMER SATISFACTION NET PROMOTER SCORE (12 MONTH AVERAGE) 50 45 40 35 30 25 20 15 10 Jul 23 Jul 24 Jul 25 Oct 23 Oct 24 Nov 23 Nov 24 Dec 23 Dec 24 Jan 24 Jan 25 Feb 24 Apr 24 Feb 25 Apr 25 Mar 24 Mar 25 Aug 23 Aug 24 Aug 25 Sep 23 Sep 24 Jun 23 Jun 24 Jun 25 May 24 May 25 New customers R
Slide 13: Franchise Partners
FRANCHISE PARTNERS TRANSFORMATION TOWARDS FRANCHISE MODEL HAS STARTED DOMINO’S FRANCHISE STORE NETWORK DEVELOPMENT 20 4 18 18 16 1 14 13 12 10 8 8 6 4 2 0 2023 YE 2024 YE Q1 2025 Q2 2025 H1 2025 • Five corporate stores were sold to four franchise partners in H1 2025, raising the share of franchised
Slide 14: Pizzeria 105 Integration Update
PIZZERIA 105 INTEGRATION UPDATE BECOMING THE DOMINANT PIZZA QSR IN POLAND • Pilot stores completed : Our first two stores successfully rebranded in July 2025, delivering strong sales uplift and customer counts. Franchisee feedback has been very positive on training, conversion process, and the new s
Slide 15: Croatia
CROATIA 15
Slide 16: Croatia
CROATIA STRENGTHENING BRAND PRESENCE IN AN EMERGING QSR PIZZA MARKET • Store footprint: 4 locations in Zagreb and 1 in Osijek. 2 more Croatian CROATIA stores are set to open in Q4 2025, bringing the total to seven by the POPULATION: 4 MILLION** end of the year CURRENT STORE COUNT: 5 STORES POTENTIAL
Slide 17: Outlook & Summary
OUTLOOK & SUMMARY 17
Slide 18: Cash Position
CASH POSITION INVESTMENT IN ”PIZZERIA 105” THE MAIN DRIVER OF CASH POSITION CHANGE 18 *including acquisition costs
Slide 19: Three-Year Strategic Outlook
THREE-YEAR STRATEGIC OUTLOOK 3 years 2X over ~£110M SYSTEM SALES £55.2M 2024 2025 2026 2027 250 Domi no's Stores 200 NO. OF STORES 150 100 220 ~190 50 118 0 2024 2025 2026 2027 FRANCHISE SHARE >50% ~44% ~33% 12% 19 2024 2025 2026 2027
Slide 20: H1 2025 Summary
H1 2025 SUMMARY • Strong financial outcome - Pre-IFRS EBITDA H1’2025 up by £0.48 milion (264.6% YoY) o Corporate store profitability is rising, but we aim for further improvements and work to close the gap with franchisee profitability • After a slower-than-expected start to H1 system sales, swift a
Slide 21: H2 2025 and 2026 Outlook
H2 2025 AND 2026 OUTLOOK SHAPING THE FUTURE FOR DP POLAND • Profitability : Key profit drivers are trending positively, positioning the business for scalable and sustainable profit growth - further strengthened by our transition to a franchisee-led model • Market Opportunity : Poland remains one of
Slide 22: Appendices
APPENDICES 22
Slide 23: Management Team & Board
MANAGEMENT TEAM & BOARD STRENGTHENED BOARD WITH PRIOR DOMINO’S EXPERIENCE EXECUTIVE DIRECTORS NON-EXECUTIVE DIRECTORS Nils Gornall - CEO David Wild - Chairman Przemyslaw Glebocki - NED Appointed August 2022 Appointed January 2023 Appointed January 2021 • 28 years of operational experience at Domino’
Slide 24: Store Number Potential
STORE NUMBER POTENTIAL 24 Source: Public information available for Domino’s operators