Shakey's Pizza Asia Ventures, Inc. · PSE:PIZZA
Shakey's Pizza Asia Ventures — H1 2025 Earnings Presentation
23 slides from Shakey's Pizza Asia Ventures's earnings presentation, Aug 7, 2025
Slide 1: We WOW Everyone, Everywhere, Every Day
WE 3 WOW EVERYONE, EVERYWHERE, EVERY DAY SHAKEY’S PIZZA ASIA VENTURES, INC. 1H25 EARNINGS PRESENTATION AUGUST 2025
Slide 2: Passing the Baton
PASSING THE BATON MANNY DEL BARRIO MYROSE VICTOR DAPPY TECSON Outgoing Chief Finance Officer Incoming Chief Finance Officer Head of Investor Relations 2
Slide 3: 1H 2025 Financial Performance
1H 2025 FINANCIAL PERFORMANCE
Slide 4: 1H 2025 Financial Highlights
1H 2025 FINANCIAL HIGHLIGHTS GLOBAL NETWORK 2,718 NETWORK EXPANSION +99 2Q: +47 SYSTEMWIDE SALES 11.6B +15% YoY SAME STORE SALES 3% REVENUES 7.4B +13% YoY GROWTH 2Q: 6.0B, +13% YoY 2Q: 3% 2Q: 3.9B, +13% YoY GROSS MARGIN 22.3% -200bps YoY OPEX TO SALES 13.3% -140 bps YoY CORE NET INCOME* 427M +2% YoY
Slide 5: 1H25 SWS grows 15% YoY, supported by global network expansion
1H25 SWS grows 15% YoY, supported by the Group’s global network expansion 1H Systemwide Sales (SWS) Global Network Expansion in PHP B 486 15% units vs 2024 base 1H25 vs 1H24 14% 12% 387 99 2,718 INTERNATIONAL NSO Impact 11.6 2024 NSOs 1H25 NSOs 1H24 vs 1H23 SSSG: 2% 3% 2,232 418 1H25 SSSG 10.1 286 1
Slide 6: 2Q25 SWS growth fueled by store network expansion and resilient SSSG
2Q25 SWS growth was also fueled by store network expansion and a resilient SSSG amidst a low inflationary environment Trailing 4 Quarters Systemwide Sales (SWS) Quarterly Net Store Openings (NSOs) in PHP B 8% 486 openings vs 2024 base 2Q25 vs 1Q25 132 136 119 6.2 6.0 5.6 13% 52 47 5.4 T2025 5.3 2Q25
Slide 7: Off-premise channel remains a key driver of restaurant sales growth
Off-premise channel remains one of the key drivers of restaurant sales growth Dine-in vs Off-Premise Contribution* Sequential and YoY Improvements in Off-premise Sales* Peak holiday season ~40% OFF-PREMISE T2025 ~60% T2024 DINE-IN 3Q 4Q 1Q 2Q • Off-premise growth driven by reinforcement of in-house
Slide 8: Store openings and product improvements drive 1H25 core NIAT growth
Impact of new store openings and product improvements drive 1H25 core NIAT growth performance YoY Impact on Net Margins Profitability Metrics 8.0% in PHP M NIAT 6.4% 7.0% 6.0% 1.4% 5.8% 450 421 427 2% Core 400 4.7% 17% 5.0% 350 -1.1% 347 -2.0% 300 4.0% 250 Reported 3.0% 200 2.0% 1H24 1H25 1.0% Core
Slide 9: 2025 Business Highlights & Outlook
2025 BUSINESS HIGHLIGHTS & OUTLOOK
Slide 10: Long-term growth hinged on 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 11: Reinforcing the leadership of core brand Shakey's
Reinforcing the leadership of our core brand Shakey’s and bolstering its relevance GOLDEN ANNIVERSARY CAMPAIGN PRODUCT IMPROVEMENTS TRAINING AND DEVELOPMENT EXPANDING REACH BEYOND THE METRO featuring cross-generational AND PROMOTIONS to equip personnel with the skills with new store designs endorser
Slide 12: Building the Peri-Peri experience
Building the Peri-Peri experience by strengthening business fundamentals TRAINING AND DEVELOPMENT MENU OPTIMIZATIONS CREATING THE PERI STORE EXPERIENCE to deliver great service to focus on value with bigger store formats to the guest Peri-Peri Silang Cavite, South Luzon Peri-Peri Malolos Restaurant
Slide 13: Scaling Potato Corner 'glocally'
Scaling Potato Corner ‘glocally’ by amplifying the experience for our guests and franchisees BRAND BUILDING PRODUCT INNOVATIONS MAINTAIN NETWORK EXPANSION PROMOTING ENTREPRENEURSHIP with a thematic campaign AND BRAND MERCHANDISE domestically and internationally among SMEs globally featuring a top in
Slide 14: 2025 Topline and Bottomline Growth Outlook
2025 Topline and Bottomline Growth Outlook Topline Guidance Performance Drivers in PHP B Double Digit Soft consumer environment; Changing seasonality in 3Q SWS YoY Growth followed by celebratory 4Q spending Domestic and international expansion 21.7 to accelerate in succeeding quarters Commodities ex
Slide 15: 1H 2025 Key Takeaways
1H 2025 KEY TAKEAWAYS AIMS TO ACHIEVE MUTED BOTTOM LINE DOUBLE DIGIT SALES SWS HIT DOUBLE-DIGIT PERFORMANCE GROWTH amidst deliberate investments AND CORE PROFIT driven by global network in store network expansions GROWTH expansion and supported by and brand building, as well as underpinned by accele
Slide 16: We WOW Everyone, Everywhere, Every Day
WE 3 WOW EVERYONE, EVERYWHERE, EVERY DAY SHAKEY’S PIZZA ASIA VENTURES, INC. 1H25 EARNINGS PRESENTATION AUGUST 2025
Slide 17: Other Financials
OTHER FINANCIALS
Slide 18: 1H 2025 Summarized P&L
1H 2025 Summarized P&L Δ 1H25 In PHP M 1H 2024 1H 2025 vs 1H24 Systemwide Sales 10,091 11,582 15% • 1H25 systemwide sales grew 15% YoY, Total Revenue 6,524 7,402 13% driven by the: Cost of Sales o impact of global network (4,939) (5,755) 17% expansion and Gross Profit 1,586 1,648 4% o supported by a
Slide 19: 1H 2025 Summarized Balance Sheet
1H 2025 Summarized Balance Sheet In PHP M Dec 2024 Jun 2025 In PHP M Dec 2024 Jun 2025 Cash 1,320 1,084 Trade and Other Payables 2,213 1,617 Receivables 1,560 1,122 Short-Term Debt 1,048 1,368 Inventories 1,760 1,700 Other Current Liabilities 536 382 Other Current Assets 630 691 Total Current Liabil
Slide 20: 1H 2025 Summarized Cash Flows
1H 2025 Summarized Cash Flows In PHP M 1H 2024 1H 2025 Higher cash position in 1H25 Headline Income before Income Tax 441 377 compared to the prior year Depreciation and Amortization 357 474 Changes in Working Capital (147) (291) Other Operating Cash Flows Higher changes in working capital 52 (13) d
Slide 21: Key Financial Ratios
Key Financial Ratios 1.9 1.8 1.2 1.1 Net Net Interest Bearing Debt-to-Equity (x) Debt-to-EBITDA (x) FY24 1H25 FY24 1H25 0.6 0.6 14.2% 13.9% Net Core Return on Equity Gearing (x) (ROE)* FY24 1H25 FY24 1H25 • 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 1,205 1,122 24 • Working capital 29 39 26 increase reflect net timing FY24 1H25 FY24 1H25 differences in: Working Capital WC Days Receivable Receivable Days o settlement of trade payables and o collection of franchisee INVENTORY PAYABLES
Slide 23: Serving You Through Thick and Thin
This document is highly confidential and being given solely for your information and for your use and may not be, or any portion thereof, shared, copied, reproduced or redistributed to any other person in any manner. The statements contained in this document speak only as of the date which they are
Shakey's Pizza Asia Ventures — H1 2025 Earnings Presentation on 6ix