Domino's Pizza Group Plc · LSE:DOM
Domino's Pizza — H1 2026 Earnings Presentation
34 slides from Domino's Pizza's earnings presentation, Aug 4, 2026
Slide 1: Half Year Results 2026
Half Year Results 2026 Domino’s Pizza group plc 26 weeks ended 28 June 2026 04.08.2026 1
Slide 2: Delivering Results, Building Confidence
DELIVERING RESULTS, BUILDING CONFIDENCE “FOCUS ON CORE” DELIVERED STRONG H1 RESULTS • LFL growth in both Pizza and Chicken • Market share gains across all markets • Profit and Cash flow growth LEVERAGE OUR CORE SKILL SETS • Innovation – Launch of CHICK‘N’DIP and Italianos • Class leading delivery –
Slide 3: Finance update
FINANCE update Andrew Andrea CFO
Slide 4: H1 26 Financial highlights
H1 26 Financial highlights SYSTEM SALES TOTAL ORDERS 1 DPG revenue LFL SALES £825.3m 36.1M +4.9% £353.6m +6.1% +2.9% +6.7% 2 ebitda 2 eps Underlying Underlying UNDERLYING1 FCF Interim Dividend £66.2m 8.8p £50.2m 3.7p +3.6% +4.8% +74.9% +2.8% Strong sales DRIVING EARNINGS AND cash flow GROWTH 4 Half
Slide 5: System Sales and Order Count Trends
SYSTEM SALES AND ORDER COUNT TRENDS Quarterly profile • LFL sales and order growth in pizza value and order across H1 Q1 Q2 H1 • Chicken growth contributing to Q2 performance reflecting 5.2% 4.9% February launch 4.5% • Q2 momentum supported by World Cup 2.2% 1.6% 0.9% LFL System Sales LFL Orders Tra
Slide 6: System and DPG Sales Performance
SYSTEM AND DPG SALES PERFORMANCE £m HY26 HY25 % change • System sales +6.1% with LFL sales growth of 4.9% and LFL orders UK system sales 781.7 738.7 +5.8% up 1.6% Ireland system sales 43.6 39.1 +11.5% • Supply chain revenue up due to higher volumes Total system sales 825.3 777.8 +6.1% • Royalty reve
Slide 7: Earnings analysis
Earnings analysis • Group EBITDA growth driven by % higher SCC profit, royalties and Underlying, £m HY26 HY25 corporate store income change Group EBITDA 66.2 63.9 +3.6% • D&A: SCC automation; larger corporate store estate; IT investment Depreciation & Amortisation (11.8) (10.8) (9.3%) • Net finance
Slide 8: Cash Flow and Debt
CASH FLOW AND DEBT £m HY26 HY25 • Working capital inflow driven through Group EBITDA 66.2 63.9 trading IFRS 16 – net lease payments (4.2) (3.9) • Tax lower due to refunds in HY26 (agreement on UK/ RoI transfer pricing Working capital 3.2 (12.1) arrangements) Net interest (8.7) (8.1) • Non - underlyi
Slide 9: Investing for growth – 2026 capex spend
INVESTING for growth –2026 capex spend Supply Chain NEW STORE CAPEX ECOMM DEVELOPMENT c.£24m c.£3m c.£8m Shorecal & Victa Investment and Avonmouth SCC open store growth innovation FY26 capex c.£35m reflecting completion and launch of SCC5 9 Half Year Results 2026 - Finance Update
Slide 10: Capital Allocation Framework
CAPITAL ALLOCATION FRAMEWORK CAPITAL ALLOCATION PRIORITIES POLICY • Support sustainable growth Invest in core business • Rigorous growth capex discipline – 20% ROC hurdle rate Progressive dividend • Sustainable and progressive policy • 1.5x – 2.5x leverage ▪ 2.3x leverage at H1 2026 Pay down debt Re
Slide 11: Strategic update
Strategic update Nicola Frampton CEO
Slide 12: Organic Growth Strategy
ORGANIC GROWTH STRATEGY More CUSTOMERS More OFTEN More for less Additional CHICK’N’DIP Growth Supply Chain Productivity initiatives Aggregator Growth Loyalty Growth from Core innovation Leveraging Operational Efficiencies our foundations Digital Innovation Delivering more for all 12 Half Year Result
Slide 13: Business with Strong Foundations
BUSINESS WITH STRONG FOUNDATIONS >1,400Stores across UK 25-min & ROI Delivery time World class World class supply chain franchisees Unmatched position of strength 13 Half Year Results 2026 - Strategic Update
Slide 14: Leveraging Our Foundations
LEVERAGING OUR FOUNDATIONS PRODUCT - INNOVATION IMAGE – BRAND STRENGTH +21.5% orders vs prior year (9-11pm) +25% reorder c.45k order uplift vs prior year rate Core strengths delivering growth 14 Half Year Results 2026 - Strategic Update
Slide 15: Domino's strategy is already delivering
Domino’s strategy is already delivering Strong Customer base Increasing Frequency 14.0 4.46 4.32 13.8 2023 2026 YTD 2023 2026 YTD More customers & frequency 15 Half Year Results 2026 - Strategic Update
Slide 16: Slide 16
Slide 17: Significant Growth Opportunity
SIGNIFICANT GROWTH OPPORTUNITY 4.2% share of a £3 bn Market growing market >1,400 immediate Hot Food Fast No additional customer Deliver in capex required distribution points 25 - minutes more occasions more markets 17 Half Year Results 2026 – Chick ‘N’ Dip
Slide 18: Building Our Position in the Chicken Market
BUILDING OUR POSITION IN THE CHICKEN MARKET 82% Satisfaction amongst 18- 24 year olds 80% Satisfaction when eating with friends Increasing average order value £36 VS £26 87% also buying pizza Increasing frequency – driving ONE MORE TIME 18 Half Year Results 2026 – Chick ‘N’ Dip
Slide 19: Loyalty
LOYALTY 19
Slide 20: One more time
One more time Already MORE Aiming delivering MORE Frequency for MORE 2.2M customers Drives orders Learnings from signed up across low, Pilot Full Rollout medium and by end of 2026 high frequency Improved customers. functionality and capability Long - Term frequency engine for core business 20 Half Y
Slide 21: Moving to a Full Scheme Unlocks Further Growth
MOVING TO A FULL SCHEME UNLOCKS FURTHER GRO q4 2026 2027 Full scheme launch National advertising Live to the full customer base —including new and reactivating We'll nationally advertise the loyalty proposition customers —with a dedicated Rewards tab in the App above - the - line to build broad awar
Slide 22: Aggregators
aggregators 22
Slide 23: Driving Incremental Reach
Driving INCREMENTAL REACH Route to Market Different customer Significant market Higher Income and growing fast Younger Use our Network Less Price sensitive Aggregator value: £2.7bn Growth: 6.5% CAGR ‘22 to ‘26 Accessing more customers 23 Half Year Results 2026 - Aggregators
Slide 24: Strengthening Our Position in the Aggregators
STRENGTHENING OUR POSITION IN THE AGGREGATO Differentiator in Positive progress Aggregators Forming strong partnerships Market leading brand Aggregator share in line with 1,400 stores internal share of pizza Our customer journey Retain non - champion customers Hot food fast Grow customer base Our ow
Slide 25: Supply Chain Productivity
SUPPY CHAIN PRODUCTIVITY 25
Slide 26: Domino's Outstanding Supply Chain
DOMINO’S OUTSTANDING SUPPLY CHAIN Naas 4200 100% 99.95% Deliveries Food Accuracy per week Availability CAPACITY, RESILIENCE, EFFICIENCY 26 Half Year Results 2026 – Supply Chain Productivity
Slide 27: Relentless Focus on Productivity
RELENTLESS FOCUS ON PRODUCTIVITY 14 productivity projects delivered across 2024 to 2028 with 7 due to be completed in 2026 • Production Automation • Quality Assurance • Dough Picking Automation • Warehouse Automation Additional projects under consideration DELIVERING MARGIN IMPROVEMENT IN H2 2026 IN
Slide 28: Summary
summary 28
Slide 29: Organic Growth Strategy
ORGANIC GROWTH STRATEGY More CUSTOMERS More OFTEN More for less Additional CHICK’N’DIP Growth Supply Chain Productivity initiatives Aggregator Growth Loyalty Growth from Core innovation Leveraging Operational Efficiencies our foundations Digital Innovation Delivering more for all 29 Half Year Result
Slide 30: Strategy Delivering Market Share Growth
STRATEGY DELIVERING MARKET SHARE GROWTH LEADER IN PIZZA HEADROOM IN CHICKEN GROWTH IN QSR Pizza Chicken QSR QSR Takeaway QSR Takeaway Takeaway 53.8% 4.2% 7.7% Share Share Share (Up 1.2ppts) (up 0.4ppts) (up 0.4ppts) Increasing share across all markets 30 Half Year Results 2026 – Summary
Slide 31: Outlook & Summary
Outlook & SUMMARY CURRENT TRADING • Strong momentum in July benefitting from World Cup • Confident of achieving full year expectations CLEAR BRAND STRENGTH LEVERAGING CORE VALUES • Core Marketing and Innovation strength • Class leading supply chain CLEAR AND FOCUSSED GROWTH STRATEGY • Focus on "MORE
Slide 32: Delivering More for All
DELIVERING MORE FOR ALL 32
Slide 33: Appendix: Outlook & guidance
Appendix: Outlook & guidance FY26 TECHNICAL GUIDANCE • Depreciation and amortisation: £m mid -twenties Pizza Chicken • Interest: c.£21m QSR Takeaway QSR Takeaway • Underlying tax rate: c.25% • Capital Expenditure: c.£35m • FY26 gearing expected to end in line with FY25 with HY26 likely higher reflec
Slide 34: Appendix: Analysis of Underlying EBITDA
Appendix: ANALYSIS OF UNDERLYING EBITDA £m HY26 HY25 % change • Supply chain and Royalty EBITDA Supply chain centre EBITDA increase driven by higher sales. 62.7 62.0 +1.1% • Corporate store growth driven Net royalties 23.1 21.7 +6.5% by increased orders and full half year of Victa. Net overheads, pr