Domino's Pizza Enterprises Limited · ASX:DMP
Domino's Pizza Enterprises — Shareholder Meeting (November 2012)
33 slides from Domino's Pizza Enterprises's shareholder meeting presentation, Nov 7, 2012
Slide 1: Annual General Meeting 2012
For personal use only Annual General Meeting 2012
Slide 2: Chairman's address
For personal use only address Chairman’s
Slide 3: Financial highlights
financial highlights For personal use only > NPAT up 25.7% to $26.9m; 5 year CAGR is 24.2% > Strong SSS across the system; ANZ +6.6% and Europe +6.3% > EBITDA growth of 23.1% to $48.1m > Strong NPBT growth of 26.9% to $37.6m > EPS 38.9c, up 24.3% > Free cash flow +5.0% to $25.7m
Slide 4: Key highlights
key highlights For personal use only > Robust balance sheet with a positive Net Cash position of +$26.3 million > Digital performance was a key driver of growth in Australia and New Zealand > Domino’s added 62 stores to the Network > The 200th store opened in France, a significant milestone for our
Slide 5: Dividends
dividends For personal use only > Final fully-franked dividend of 14.1 cents per share > This brought the Full Year dividend to 27.1 cents reflecting a 70.2% payout ratio > represents an increase of 23.7% on the previous year
Slide 6: ANZ achievements
ANZ achievements For personal use only > Strong digital performance and successful launches of new products helped achieve Same Store Sales growth of 6.6% > Focus on value offering and operational improvements ensured we remained competitive > Key senior management appointments
Slide 7: Europe achievements
Europe achievements For personal use only > Record organic store growth in Europe > Enabled the market to achieve Full Year Network Sales growth of 12.2% > Same Store Sales growth of 6.3%, despite rolling over 5.9% growth from last year > Europe recorded EBITDA growth of 68.1%
Slide 8: Looking forward
Looking forward For personal use only > Determined to continue our solid momentum through more product and technology innovation > Strong new store pipeline across all countries
Slide 9: Chairman's Address speech notes
Domino’s Pizza Enterprises Ltd AGM 2012 For personal use only Chairman’s Address 7 November 2012 (SLIDE ONE) Good afternoon, Welcome to the 2012 Domino’s Pizza Enterprises Limited Annual General Meeting. (SLIDE TWO) The 2012 Financial Year was a positive year for Domino’s Pizza with solid results ac
Slide 10: Chairman's Address speech notes (continued)
For personal use only European markets and the introduction of improved menu items and a healthier range of products in Australia. This has resulted in the Company’s annual growth rate over the last five years of 24.2%. The year’s profit was generated from Total Network Sales of $805.3 million, an i
Slide 11: Chairman's Address speech notes (continued)
For personal use only During the year, 62 new stores were added to the Network which also included the opening of the 200th store in France. This was a significant milestone for our continued organic growth in the European market. (SLIDE FIVE) Dividends As a result of its strong NPAT, Domino’s paid
Slide 12: Chairman's Address speech notes (continued)
For personal use only Domino’s increased its value offering throughout the year with improved pizza and sides promotions aimed at enticing people to try new menu items. Key operational improvements, including greater awareness of improved service, across all of our stores helped Domino’s remain comp
Slide 13: Chairman's Address speech notes (continued)
For personal use only (SLIDE EIGHT) Looking forward to the Financial Year 2012/13, Domino’s Pizza has strategies in place to ensure we continue our drive to offer great value to our customers and shareholders. These include new store openings, investment in product development and technology initiat
Slide 14: CEO-MD address
For personal use only CEO-MD address
Slide 15: Highlight areas
highlight areas For personal use only > Recap of 2012 performance > Current trading update > Store rollout and refresh > 2013 outlook
Slide 16: 2012 performance: Australia and New Zealand
2012 performance For personal use only Australia and New Zealand > Successfully launched our new Classic Crust, our biggest core product improvement in recent years > Achieved 50% of orders through digital via our 7 ordering platforms > 40% of Online Orders now via Mobile Ordering > Theatre of food
Slide 17: 2012 performance: Europe
2012 performance For personal use only Europe >Opened 38 new stores in the market >Record system sales in The Netherlands, breaking the million Euro milestone in one week >Benefits from investment in digital and social media platforms >9 new pizzas launched with exciting new flavours
Slide 18: Trading update
trading update For personal use only > Group Same Store Sales 1.3% on top of the 10.3% achieved the prior year > ANZ SSS of 0.3% > Europe SSS of 3.6% > ANZ 2 Year aggregate SSS% of 19.7% > Europe 2 Year aggregate SSS% of 12.3%
Slide 19: Store focus
store focus For personal use only > New store openings will be in the region of 70-80, mostly through organic growth in Europe > We have already opened 18 new stores > Today we have 921 stores across 5 countries > We hope to open our 1,000th group store by Dec 2013 > Theatre of food image refurbishm
Slide 20: 2013 outlook
2013 outlook For personal use only Confirming guidance >We have achieved encouraging results in the first quarter despite the challenging retail environment >Strategies are in place to continue achieving results during the remainder of FY12/13 >guidance UPDATE - SSS% 3-5% - New Store Openings 70-80
Slide 21: 2013 outlook – ANZ
2013 outlook – ANZ For personal use only > Significant product development to push us further ahead of competitors > We Will achieve improved service times due to efficiencies of online ordering > More focus on sustainability with stores purchasing electric scooters and bicycles for deliveries > Val
Slide 22: 2013 outlook – Europe
2013 outlook – Europe For personal use only > FY12/13 will see our European market expand significantly > We will relocate the Paris commissary to ensure we can continue to deliver the freshest ingredients to all of our stores > Increased focus on our growth in Belgium including adding several corpo
Slide 23: Conclusion
conclusion For personal use only > Record organic growth planned with between 70-80 stores to open this year > Pleased with performance during the first quarter of FY12/13 > We are cautious but optimistic about continuing our momentum in FY12/13 > Affirming our FY13 guidance with NPAT growth to be i
Slide 24: Managing Director's Address speech notes
Domino’s Pizza Enterprises Ltd AGM 2012 For personal use only Managing Director’s Address 7 November 2012 (SLIDE NINE) Thank you Mr Chairman. Ladies and Gentlemen, it’s my pleasure to address you once again as Managing Director of Domino’s Pizza Enterprises Ltd. I’m very proud to share with you toda
Slide 25: Managing Director's Address speech notes (continued)
For personal use only Firstly, the key focus areas I will cover today include: • 2012 performance • Current trading update • Store roll out and refresh • 2013 outlook. (SLIDE ELEVEN) 2012 Performance – Australia and New Zealand Classic Crust 2012 marked a new era for Australian and New Zealand pizza
Slide 26: Digital success and Theatre of Food notes
For personal use only Digital success Our determination to be the market leader for digital innovation has seen us achieve 50% of sales online with 40% of these orders coming from mobile devices. In the second half of 2011-12 Domino’s launched two new online ordering platforms, Facebook ordering and
Slide 27: Chef's Inspirations and Europe notes
For personal use only We achieved this by creating our new chalkboard design which encompasses our love of great food and focus on quality ingredients. It’s classic, authentic and simple. Chef’s Inspirations Our new Chef’s Inspirations range, launched last month, is about bringing our customers qual
Slide 28: Trading update speech notes
For personal use only We also launched nine new pizzas with an exciting range of new flavours thanks to our ongoing product development team who continue to work closely with suppliers to improve the health of key ingredients. (SLIDE THIRTEEN) Trading Update We have experienced encouraging Same Stor
Slide 29: Store focus speech notes
For personal use only Europe has also achieved solid performance to start the 2012/2013 Financial Year with 3.6% Same Store Sale Growth on top of the 8.3% achieved last year. Across both the ANZ and European markets, we have a large number of stores opening. We’re also on track to sell a significant
Slide 30: Store refresh speech notes
For personal use only By achieving these forecasted openings during the next twelve months we hope to be able to open the 1,000th Domino’s store in our network by December 2013. While new store openings play an important role in growing Domino’s Pizza, we are also committed to refreshing our existin
Slide 31: Guidance and ANZ outlook speech notes
For personal use only Confirming our Guidance for Full Year 2013: • Same Store Sales growth of 3-5% • New store openings between 70-80 • EBITDA growth in the region of 15% • NPAT growth in the region of 15% • Estimated tax rate of 29% • Approximate Net Capex - $20-25 million (SLIDE SIXTEEN) 2013 Out
Slide 32: Europe outlook speech notes
For personal use only To further support a positive Domino’s experience, we will be incorporating a greater focus on sustainability with stores purchasing electric scooters and bicycles for deliveries. This delivery method is still a relatively new concept for the pizza industry, which means our sco
Slide 33: Conclusion speech notes
For personal use only (SLIDE EIGHTEEN) Conclusion In conclusion, I would like to recap some of the key points from today’s presentation: • Record organic growth planned with the opening of between 70-80 new stores in Full Year 2013 • We are pleased with our performance during the first quarter of th
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