Shakey's Pizza Asia Ventures, Inc. · PSE:PIZZA
Shakey's Pizza Asia Ventures — Q1 2026 Earnings Presentation
22 slides from Shakey's Pizza Asia Ventures's earnings presentation, May 14, 2026
Slide 1: We Wow Everyone, Everywhere, Every Day
WE 3 WOW EVERYONE, EVERYWHERE, EVERY DAY SHAKEY’S PIZZA ASIA VENTURES, INC. 1Q26 EARNINGS PRESENTATION 14 MAY 2026
Slide 2: 1Q 2026 Financial Performance
1Q 2026 FINANCIAL PERFORMANCE
Slide 3: 1Q 2026 Financial Highlights
1Q 2026 FINANCIAL HIGHLIGHTS Shakey’s delivers 14% systemwide sales growth in 1Q26, Core net income falls 17%; Earnings weighed by investments in expansion and subdued macroeconomic environment NETWORK SYSTEMWIDE GROSS CORE NET CORE EXPANSION SALES MARGINS INCOME* EBITDA* Change +69 +14% -120 -17% +
Slide 4: 1Q26 Systemwide Sales and Global Network Expansion
Amid a soft consumer discretionary landscape, 1Q26 SWS grows 14% YoY driven by the Group’s continued investments in expanding its global network 1Q26 Systemwide Sales (SWS) Global Network Expansion in PHP B 420 14% units vs FY 2024 1Q26 vs 1Q25 351 69 2,970 1Q26 NSOs 3,039 INTERNATIONAL FY25 NSOs 6.
Slide 5: Trailing 4 Quarters SWS and Quarterly Net New Store Openings
1Q26 SWS tapers from previous quarter’s seasonal uplift; the pullback in discretionary spending starting 2H25 continues as reflected in the muted SSSG performance Trailing 4 Quarters Systemwide Sales (SWS) Quarterly Net New Store Openings (NSOs) in PHP B 420 10% openings vs FY 2024 1Q26 vs 4Q25 163
Slide 6: New Store Openings Continue to Show Healthy Payback Periods
Topline performance was driven by long -term investments in network expansion, supported by demand -generating and brand -building activities New Store Openings Continue to Show Innovations and Promotions Healthy Payback Periods Across Brands Support Growth Restaurants 3-5Y Payback Period Shakey’s A
Slide 7: 1Q26 Profitability Metrics
Similarly, impact s of network expansion and brand -building activities dampen 1Q26 core profitability performance 6.0% YoY Impact on Net Margins 1Q26 Profitability Metrics in PHP M 5.1% 5.0% Net Income & Net Margin 0.5% 3.8% 182 17% 210 10.0% 4.0% -1.2% 3.3% 9.0% 152 190 8.0% -0.5% -0.1% 170 Core 7
Slide 8: 1Q 2026 Cash Flows and Leverage Ratios
SPAVI’s healthy EBITDA generated adequate cash levels, which, along with the Group’s strong balance sheet, support operations and expansion plans 1Q 2026 Cash Flows Leverage Ratios in PHP M Gearing Ratio 0.7 0.6 558 (167) 1,167 (346) FY25 1Q26 (70) 995 (147) Net Gearing Ratio 0.5 0.5 Cash Core Worki
Slide 9: 2026 Growth Outlook
2026 GROWTH OUTLOOK »{6
Slide 10: Middle East conflict expected to have lingering impacts globally
Given heightened geopolitical tensions, there is considerable uncertainty within the landscape in which we operate The Middle East conflict is expected to have Domestic macroeconomic headwinds translate to lingering impacts across the globe key risks that need to be addressed Month-end 119.2 Diesel
Slide 11: Mitigating actions based on contingency scenarios
We are proactively navigating risks and building resilience in our business model to withstand near -term volatilities Mitigating actions based on contingency scenarios GUEST FIRST MANAGE SECURE OPERATIONS CONSERVE CASH INFLATIONARY IMPACTS • Double down on value • Increase covers and • Engaging sup
Slide 12: 2026 Preliminary Indications
202 6 Preliminary Indications Given the deteriorating macroeconomic environment and the discretionary nature of our portfolio, we refrain from giving our default double-digit growth guidance. Tapered SWS growth Profits remain subdued Faster topline growth in in early 2Q26 Kiosks remain resilient dri
Slide 13: Our unique portfolio composition creates resilience
Our unique portfolio composition creates resilience and sets us up for long -term growth CASUAL DIN ING KIOSKS Group & celebratory occasions Impulse-driven affordable luxury Higher average check Lower ticket size Larger formats, diversified menus Smaller formats, simpler menus Concentrated in the Ph
Slide 14: Multi-brand portfolio delivers lasting value
Our multi -brand portfolio allows us to deliver lasting value as we work on near - term jobs to be done DOMESTIC RESTAURANTS DOMESTIC KIOSKS INTERNATIONAL Short-Term Focus RESTRUCTURE REINFORCE EXPAND SUSTAINABLY STORE NETWORK BUILD ON MOMENTUM BRAND RELEVANCE ACROSS KEY MARKETS & UNIT ECONOMICS Lon
Slide 15: We Wow Everyone, Everywhere, Every Day
WE 3 WOW EVERYONE, EVERYWHERE, EVERY DAY SHAKEY’S PIZZA ASIA VENTURES, INC. 1Q26 EARNINGS PRESENTATION 14 MAY 2026
Slide 16: Other Financials
OTHER FINANCIALS
Slide 17: 1Q 2026 Summarized P&L
1Q 2026 Summarized P&L Δ 1Q26 In PHP M 1Q 2025 1Q 2026 vs 1Q25 Systemwide Sales 5,578 6,383 14% Total Revenue 3,549 4,000 13% • 1Q26 systemwide sales grew 14% YoY, Cost of Sales driven by the impact of global network (2,794) (3,196) 14% expansion and store A&P Gross Profit 756 804 6% Operating Expen
Slide 18: 1Q 2026 Summarized Balance Sheet
1Q 2026 Summarized Balance Sheet In PHP M Dec 2025 Mar 2026 In PHP M Dec 2025 Mar 2026 Cash 1,167 995 Trade and Other Payables 2,347 1,979 Receivables 1,729 1,516 Short-Term Borrowings 4,769 4,769 Inventories 1,490 1,367 Other Current Liabilities 548 573 Other Current Assets 535 636 Total Current Li
Slide 19: 1Q 2026 Summarized Cash Flows
1Q 2026 Summarized Cash Flows In PHP M 1Q 2025 1Q 2026 Headline Income before Income Tax 192 140 Stable EBITDA performance YoY and Depreciation and Amortization 224 282 working capital management contribute to higher operating cash Changes in Working Capital (474) (169) flows YoY Other Operating Cas
Slide 20: Key Financial Ratios
Key Financial Ratios 1.1 1.1 Net Interest Bearing 1.8 1.9 Net Debt-to-Core EBITDA Debt-to-Equity (x) (x) FY25 1Q26 FY25 1Q26 0.5 0.5 10.5% 10.0% Net Core Return on Equity Gearing (x) (ROE)* FY25 1Q26 FY25 1Q26 • Gearing ratios are manageable and remain at healthy levels • 1Q26 core ROE broadly simil
Slide 21: Cash Conversion Cycle
Cash Conversion Cycle WORKING CAPITAL RECEIVABLES 1,729 1,516 872 904 39 33 14 15 FY25 1Q26 FY25 1Q26 • Cash conversion cycle Receivable Receivable Days Working Capital WC Days maintained vs year-end, with decrease in payable days INVENTORY PAYABLES offset by improving receivable and inventory days
Slide 22: 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 — Q1 2026 Earnings Presentation on 6ix