Domino's Pizza Enterprises Limited · ASX:DMP
Domino's Pizza Enterprises — FY2014 Earnings Presentation
48 slides from Domino's Pizza Enterprises's earnings presentation, Aug 12, 2014
Slide 1: Full Year Results
For personal use only RESULTS FULL YEAR
Slide 2: Executive Team
For personal use only TEAM EXECUTIVE
Slide 3: Section 1: The Highlights
For personal use only ~ Section 1 ~ THE HIGHLIGHTS
Slide 4: Result Highlights
RESULT HIGHLIGHTS For personal use only These results include 10 months contribution from Domino’s Japan for the period 3 rd Sep 2013 to 29th Jun 2014 (1) Based on underlying results (2) During the DPE ownership period from 3rd Sep 2013 to 29th Jun 2014 (3) Underlying NPAT growth after Minority Inte
Slide 5: Group Highlights
GROUP HIGHLIGHTS For personal use only • • • • • • (1) Acquisition and integration costs associated with Domino’s Japan, along with additional restructuring costs in Europe (2) EPS has been restated in FY14 following the capital raising for Japan acquisition. Refer slide 13 for further detail ~ 5 ~
Slide 6: Significant Charges
SIGNIFICANT CHARGES For personal use only ~ 6 ~
Slide 7: FY14 Guidance Assessment
FY14 GUIDANCE ASSESSMENT For personal use only (1) Guidance for Japan was based on full 12 months for the Japan business from Jul 2013 to Jun 2014, including the period prior to DPE ownership. EBITDA figures based on JGAAP and not reported (2) Based on underlying results ~ 7 ~
Slide 8: Network Sales Growth
NETWORK SALES GROWTH For personal use only Network Sales $m 1,249.3 H2 158.4 H2 193.6 848.6 805.3 746.4 H2 694.3 H2 153.0 H2 676.4 133.5 321.1 H2 H2 128.9 591.2 H2 122.2 134.0 H2 518.9 H2 H2 H1 106.0 283.8 H2 270.7 101.5 H2 H2 80.7 H2 253.0 218.6 H2 H2 198.2 213.8 H1 H1 168.2 • H1 187.2 H1 H1 127.7
Slide 9: Network Store Count
NETWORK STORE COUNT • For personal use only • • • • • • ~ 9 ~ (1) Only includes stores opening in Japan during the DPE ownership period from 3rd Sep 2013 to 29th Jun 2014 (2) Stadium outlets have an immaterial impact on DPE revenues and are solely for the purpose of branding, especially in immature
Slide 10: Financials
For personal use only ~ Section 2 ~ FINANCIALS
Slide 11: Profit & Loss
PROFIT & LOSS • For personal use only • • • (1) EPS has been restated in FY14 following the ~ 11 ~ capital raising for Japan acquisition. Refer slide 13 for further detail
Slide 12: Geographic Summary
GEOGRAPHIC SUMMARY • For personal use only • • • • ~ 12 ~
Slide 13: Earnings Per Share
EARNINGS PER SHARE For personal use only FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 • • • Note: The denominators for the purposes of calculating both the basic and diluted earnings per share have been adjusted to reflect the capital raising in FY14 ~ 13 ~
Slide 14: Cash Flow
For personal use only ~ 14 ~ • • • CASH FLOW
Slide 15: Balance Sheet
BALANCE SHEET For personal use only • • • • ~ 15 ~
Slide 16: Key Financial Ratios
KEY FINANCIAL RATIOS For personal use only • • • (1) Due to the seasonality of the Japanese business and better matching of the timing of capital contribution and earnings, we have changed our methodology for calculating ROE and ROCE. The new methodology uses average monthly equity and capital emplo
Slide 17: Australia/NZ
~ Section 3 ~ For personal use only AUSTRALIA/NZ
Slide 18: Australia/NZ Highlights
AUSTRALIA/NZ HIGHLIGHTS • For personal use only • • • • • • ~ 18 ~
Slide 19: Network Sales – Australia/NZ
NETWORK SALES – AUSTRALIA/NZ For personal use only • • • ~ 19 ~ ANZ has been held in constant currency from FY07
Slide 20: Product Innovation - ANZ
PRODUCT INNOVATION - ANZ For personal use only • • • • • ~ 20 ~
Slide 21: Digital Update
DIGITAL UPDATE • For personal use only • • • • • ~ 21 ~
Slide 22: The Theatre of Food Continues
THE THEATRE OF FOOD CONTINUES For personal use only • • • ~ 22 ~
Slide 23: Looking Forward - Australia/NZ
LOOKING FORWARD - AUSTRALIA/NZ • For personal use only • • • • • • ~ 23 ~
Slide 24: Looking Forward – Australia/NZ cont…
LOOKING FORWARD – AUSTRALIA/NZ cont… For personal use only ~ 24 ~
Slide 25: Looking Forward – Australia/NZ cont…
LOOKING FORWARD – AUSTRALIA/NZ cont… For personal use only • ~ 25 ~
Slide 26: Looking Forward – Australia/NZ cont…
LOOKING FORWARD – AUSTRALIA/NZ cont… • For personal use only o o o ~ 26 ~
Slide 27: Looking Forward – Australia/NZ cont…
LOOKING FORWARD – AUSTRALIA/NZ cont… For personal use only • ~ 27 ~
Slide 28: Europe
For personal use only ~ Section 4 ~ EUROPE
Slide 29: Europe Highlights
EUROPE HIGHLIGHTS • For personal use only • • • • • ~ 29 ~
Slide 30: Network Sales – Europe
NETWORK SALES – EUROPE For personal use only • • • • ~ 30 ~
Slide 31: Europe Profitability
EUROPE PROFITABILITY For personal use only • € • • ~ 31 ~
Slide 32: European Achievements
EUROPEAN ACHIEVEMENTS For personal use only • • • ~ 32 ~
Slide 33: Product Innovation – Europe
PRODUCT INNOVATION – EUROPE For personal use only • • • ~ 33 ~
Slide 34: Looking Forward - Europe
LOOKING FORWARD - EUROPE • For personal use only • • • • • • • ~ 34 ~
Slide 35: Japan
For personal use only ~ Section 5 JAPAN ~
Slide 36: Japan Highlights
JAPAN HIGHLIGHTS • For personal use only • • • • • • ~ 36 ~ (1) During the DPE ownership period from 3rd Sep 2013 to 29th June 2014
Slide 37: Network Sales – Japan
NETWORK SALES – JAPAN • For personal use only • • • ~ 37 ~ (1) During the DPE ownership period from 3rd Sep 2013 to 29th Jun 2014 (2) During the full 12 month period, 61 stores have been added to the network
Slide 38: Japan Profitability
JAPAN PROFITABILITY For personal use only • ¥ • Note: this slide has been prepared for information purposes only and direct comparisons between periods should not be made ~ 38 ~
Slide 39: Japanese Achievements
JAPANESE ACHIEVEMENTS • For personal use only • • • ~ 39 ~
Slide 40: Japanese Achievements
JAPANESE ACHIEVEMENTS • For personal use only • • • ~ 40 ~
Slide 41: Product Innovation – Japan
PRODUCT INNOVATION – JAPAN For personal use only • • ~ 41 ~
Slide 42: Looking Forward - Japan
LOOKING FORWARD - JAPAN • For personal use only • • • • • • ~ 42 ~
Slide 43: Summary
For personal use only ~ Section 6 ~ SUMMARY
Slide 44: Future Outlook – Group Store Count
FUTURE OUTLOOK – GROUP STORE COUNT For personal use only • • • ~ 44 ~
Slide 45: FY15 Group Guidance
FY15 GROUP GUIDANCE For personal use only • ~ 45 ~ * Based on underlying results
Slide 46: Trading Update
TRADING UPDATE For personal use only • • • ~ 46 ~
Slide 47: Conclusion
CONCLUSION • For personal use only • • • • • • • • ~ 47 ~
Slide 48: Disclaimer & Important Information
DISCLAIMER & IMPORTANT INFORMATION For personal use only • • • ~ 48 ~
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