Shakey's Pizza Asia Ventures, Inc. · PSE:PIZZA
Shakey's Pizza Asia Ventures — 9M 2025 Earnings Presentation
23 slides from Shakey's Pizza Asia Ventures's earnings presentation, Nov 14, 2025
Slide 1: We Wow Everyone, Everywhere, Every Day
WE 3 WOW EVERYONE, EVERYWHERE, EVERY DAY SHAKEY’S PIZZA ASIA VENTURES, INC. 9M25 EARNINGS PRESENTATION 14 NOVEMBER 2025
Slide 2: 9M 2025 Financial Performance
9M 2025 FINANCIAL PERFORMANCE
Slide 3: 9M 2025 Financial Highlights
9M 2025 FINANCIAL HIGHLIGHTS NETWORK SYSTEMWIDE GROSS CORE NET REVENUES EXPANSION SALES MARGINS INCOME* 9M +188 17.7B 11.2B 22.6% 650M Total network: 2,807 +14% YoY +12% YoY -170 bps YoY -3% YoY SSSG: 0.9% Headline: -15% YoY 3Q +89 6.1B 3.8B 23.2% 223M +12% YoY +9% YoY -100 bps YoY -11% YoY SSSG: -1
Slide 4: 9M25 SWS grows 14% YoY amidst a soft environment
9M25 SWS grows 14% YoY amidst a soft environment, supported by the Group’s continued investments in its global network 9M Systemwide Sales (SWS) Global Network Expansion in PHP B 456 14% units vs 2024 base 9M25 vs 9M24 13% 0.9% 89 99 NSO Impact 9M25 SSSG 17.7 268 1H25 NSOs 3Q25 NSOs 2,807 INTERNATIO
Slide 5: 3Q25 SWS growth buoyed by store network expansion
3Q25 SWS growth buoyed by store network expansion, outweighing impact of soft SSSG Trailing 4 Quarters Systemwide Sales (SWS) 3Q25 vs 3Q24 Systemwide Sales in PHP B 12% 2% 3Q25 vs 3Q24 3Q25 vs 2Q25 6.1 5.4 14% -1.5% 6.2 6.0 6.1 NSO Impact 3Q25 SSSG T2025 5.6 12% 5.4 3Q25 vs 3Q24 3Q24 3Q25 T2024 Quar
Slide 6: NSO acceleration and marketing initiatives supported topline performance
NSO acceleration and marketing initiatives for the quarter supported topline performance 89 Units Added to SPAVI Global Network in 3Q25 Innovations and Promotions Across Brands Shakey’s Ayala Crossroads Uni-President, Xinyi Taipei Bulacan, Northern Luzon 1st PC Taiwan Store New Product Offerings to
Slide 7: 3Q25 performance affected by macroeconomic and weather conditions
3Q25 performance was adversely affected by macroeconomic and weather conditions, as well as academic calendar changes Subdued Philippine GDP in 3Q Impacted by Typhoons Change in Seasonality from School Calendar Shift Q1 Q2 Q3 4.0% PH 3Q GDP 4.1% PH 3Q Consumption 2024 Growth YoY Growth YoY 1Q: 5.4%
Slide 8: 3Q25 NIAT growth performance
Impact of topline performance, new store openings and product improvements drive 3Q25 NIAT growth performance YoY Impact on Net Margins 3Q25 Net Income 8.0% in PHP M 7.0% 7.1% 6.0% -1.0% 0.4% 5.8% -0.7% 290 5.0% 270 4.0% 250 3.0% 250 11% 223 2.0% 230 1.0% 210 0.0% 3Q24 GM Opex Others 3Q25 to Sales 1
Slide 9: 9M25 core NIAT growth performance
Impact of new store openings and product improvements drive 9M25 core NIAT growth performance YoY Impact on Net Margins 9M25 Net Income 8.0% in PHP M 7.0% 6.7% 6.0% 0.7% 5.8% 800 5.1% -1.7% -0.7% 671 5.0% 650 700 3% 4.0% 3.0% 600 570 Core 2.0% 15% 500 Headline 1.0% 0.0% 400 9M24 GM Opex Core NPM One
Slide 10: 2025 Growth Outlook
2025 GROWTH OUTLOOK » (6
Slide 11: Fuel for Growth
We need to unlock more efficiencies in our business model to navigate through short-term headwinds as we continue to scale FUEL FOR GROWTH OPTIMIZE EXPAND SECURE base store network network more effectively Supply chain and G&A profitability and efficiently efficiencies 11
Slide 12: Investing in our brands, stores, and people to fuel topline growth
By investing in our brands, stores, and people, we continue to fuel topline growth at a sustainable pace Learning from our wins and doing them better Value-for-money bundles Relevant offerings Experiential in-store initiatives Better product quality Product innovations and promotions for loyalty pro
Slide 13: Geographically diverse, multi-brand portfolio
Our long-term sustainable growth is hinged on our investments across our geographically diverse, multi-brand portfolio DOMESTIC INTERNATIONAL CORE BRAND #1 full-service chain STRONG CHALLENGER One of the largest full- GROWTH BOOSTER EMERGING PC: World's best flavored fries scales restaurant & full-s
Slide 14: 2025 Topline and Bottomline Growth Outlook
2025 Topline and Bottomline Growth Outlook Topline Guidance Performance Drivers in PHP B Impact of degree of operating leverage to kick in with Double Digit higher 4Q sales from celebratory holiday spending SWS YoY Growth Investments in sales-generating activities skewed towards 4Q 21.7 Activations
Slide 15: 2026 Preliminary Outlook
2026 PRELIMINARY OUTLOOK SUSTAINED DOUBLE- RETURN TO DOUBLE- DIGIT TOPLINE DIGIT BOTTOM LINE LEVERAGING MULTI- GROWTH BRAND PORTFOLIO GROWTH driven by better value to deliver long-term growth driven by network expansion proposition, improved brand and supported by resilient relevance, and optimized
Slide 16: We Wow Everyone, Everywhere, Every Day
WE 3 WOW EVERYONE, EVERYWHERE, EVERY DAY SHAKEY’S PIZZA ASIA VENTURES, INC. 9M25 EARNINGS PRESENTATION 14 NOVEMBER 2025
Slide 17: Other Financials
OTHER FINANCIALS
Slide 18: 9M 2025 Summarized P&L
9M 2025 Summarized P&L Δ 9M25 In PHP M 9M 2024 9M 2025 vs 9M24 Systemwide Sales 15,524 17,676 14% • 9M25 systemwide sales grew 14% YoY, Total Revenue 10,047 11,239 12% driven by the: Cost of Sales o impact of global network (7,608) (8,700) 14% expansion and Gross Profit 2,438 2,539 4% o supported by
Slide 19: 9M 2025 Summarized Balance Sheet
9M 2025 Summarized Balance Sheet In PHP M Dec 2024 Sep 2025 In PHP M Dec 2024 Sep 2025 Cash 1,320 821 Trade and Other Payables 2,213 1,711 Receivables 1,560 861 Short-Term Debt 1,048 1,368 Inventories 1,760 1,601 Other Current Liabilities 536 462 Other Current Assets 630 1,285 Total Current Liabilit
Slide 20: 9M 2025 Summarized Cash Flows
9M 2025 Summarized Cash Flows In PHP M 9M 2024 9M 2025 Headline Income before Income Tax 714 624 Higher changes in working capital Depreciation and Amortization 572 743 drive YoY change in operating cash Changes in Working Capital (53) (420) flows Other Operating Cash Flows 97 85 Net Operating Cash
Slide 21: Key Financial Ratios
Key Financial Ratios 1.9 1.9 1.2 1.2 Net Net Interest Bearing Debt-to-Equity (x) Debt-to-EBITDA (x) FY24 9M25 FY24 9M25 0.6 0.6 14.2% 13.5% Net Core Return on Equity Gearing (x) (ROE)* FY24 9M25 FY24 9M25 • Gearing ratios are manageable and remain at healthy levels • Core ROE stable in the mid-teens
Slide 22: Cash Conversion Cycle
Cash Conversion Cycle WORKING CAPITAL RECEIVABLES 1,560 1,107 861 751 24 39 • Working capital 17 20 increase reflect net timing FY24 9M25 FY24 9M25 differences in: Working Capital WC Days Receivable Receivable Days o settlement of trade payables and o collection of franchisee INVENTORY PAYABLES rece
Slide 23: Serving You Through Thick and Thin
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Shakey's Pizza Asia Ventures — 9M 2025 Earnings Presentation on 6ix