Pizza Pizza Royalty Corp. · TSX:PZA
Pizza Pizza Royalty — Shareholder Meeting (June 2025)
33 slides from Pizza Pizza Royalty's shareholder meeting presentation, Jun 13, 2025
Slide 1: 2024 Annual General Meeting of Shareholders
PIZZA PIZZA ROYALTY CORP 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS June 13, 2025
Slide 2: Table of Contents
TABLE OF CONTENTS WELCOME & FORWARD LOOKING STATEMENTS Jay Swartz, Board Chair Pizza Pizza Royalty Corp. MANAGEMENT PRESENTATION Paul Goddard, CEO, Pizza Pizza Ltd. Pizza Pizza Limited Business Update 2
Slide 3: Welcome
WELCOME JAY SWARTZ PIZZA PIZZA ROYALTY CORP. BOARD CHAIR 3
Slide 4: Forward Looking Statements
FORWARD LOOKING STATEMENTS ● This presentation will contain forward-looking statements. ● Investors should be aware that any forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those disclosed here today. ● Investors are directe
Slide 5: Pizza Pizza Royalty Corp. Financial Update
PIZZA PIZZA ROYALTY CORP. FINANCIAL UPDATE PAUL GODDARD CEO, PIZZA PIZZA LIMITED 5
Slide 6: Corporate Structure
CORPORATE STRUCTURE Public Shareholders PPRC OWNERSHIP PPL PPRC Fully Diluted Shares % Public Shareholders 24,618,392 73.8% PPL Equivalent Shares 8,735,196 26.2% 26.2% of GP 73.8% of GP Common Shares Pizza Pizza Common Shares Total 33,353,588 100.0% Royalty Limited Partnership $47 M License and Cred
Slide 7: Royalty Stream Overview
ROYALTY STREAM OVERVIEW PPL Royalty Royalty Income to Dividends to PPRC Pool PPRC Shareholders System Sales 7
Slide 8: Shareholder Information
SHAREHOLDER INFORMATION ● TSX exchange listing PZA ● Publicly-traded shares outstanding 24,618,392 ● Fully Diluted shares 33,353,588 ● Pizza Pizza Limited’s ownership 26.2 % ● Market Capitalization $ 487 Million ● Currently monthly dividend $ 0.0775 ● Current dividend yield 6.4 % ● Credit facility $
Slide 9: PZA.TO Performance
PZA.TO Dividend increase PERFORMANCE Dividend increase Dividend increase Dividend increase Dividend Dividend increase Dividend increase increase Dividend increase Peak COVID-19 June 6 2025 PPRC increased the dividend seven times in the last four years 9
Slide 10: Performance Highlights
PERFORMANCE HIGHLIGHTS 2024 Q1 2025 Royalty Pool System Sales $ 621 M $ 151 M Restaurants in Royalty Pool 774 (+31) 794 (+20) Same Store Sales (SSS) -3.0 % 1.2 % Royalty Revenue $ 39.8 M $ 9.7 M Annual dividend $ 0.93 $ 0.2325 Working Capital Reserve $ 6.1 M $ 5.2 M Payout Ratio 110 % 117 % Same Sto
Slide 11: Monthly Dividend Growth
MONTHLY DIVIDEND GROWTH +3.3% +3.6% +3.5% +1.9% +2.5% +2.3% +3.8% +3.7% +2.6% +2.7% +4.2% +4.0% +8.3% +9% +10% -30% PPRC increased the dividend seven times subsequent to the COVID-19 related decrease in April 2020 11
Slide 12: SSSG and Working Capital
SSSG AND WORKING CAPITAL Secondary Offering COVID-19 Global Recession Global Recessio PPRC’s healthy cash reserve of $5.2M is available during sales variability 12
Slide 13: Pizza Pizza Limited Business Update
PIZZA PIZZA LIMITED BUSINESS UPDATE PAUL GODDARD CEO, PIZZA PIZZA LIMITED 13
Slide 14: Business Fundamentals
BUSINESS FUNDAMENTALS 14
Slide 15: Strong Brand Portfolio Poised for Growth
STRONG BRAND PORTFOLIO POISED FOR GROWTH 488 traditional and 205 non-traditional locations 104 locations in Alberta, 4 locations in Guadalajara, Mexico, with across Canada, with a majority in Ontario & Quebec. Saskatchewan & British Columbia. a target of 10 new restaurants per year. Rapid expansion
Slide 16: Iconic Canadian Brand with #1 Market Position
ICONIC CANADIAN BRAND WITH #1 MARKET POSITION 16
Slide 17: Track Record of Steady Restaurant Growth
TRACK RECORD OF STEADY RESTAURANT GROWTH Restaurant Count Since IPO 296 Restaurants Added 777 801 742 3 4 752 760 773 749 102 103 723 732 739 726 727 99 671 695 690 694 616 640 102 103 101 108 113 104 104 103 207 88 89 89 94 190 203 531 72 81 505 57 232 187 231 222 225 228 231 217 205 192 199 216 22
Slide 18: International Expansion Opportunities
INTERNATIONAL EXPANSION OPPORTUNITIES
Slide 19: Building Our Brands
BUILDING OUR BRANDS BIPARTISAN WINGS helped drive wing REVERSE TARIFF PIZZA addresses the HOCKEY BOX invites our SPORTS SPONSORSHIPS build fan sales with a clever and unifying parody concerns Canadians have about US existing fanbase to enjoy engagement in venue and encourage of political attack ads.
Slide 20: Investing in Food Quality
INVESTING IN FOOD QUALITY 100% Canadian Cheese Curds Dry Cured Pepperoni 100% Canadian Canadian Chicken Mozzarella Cheese Raised Without Antibiotics Homestyle Sauce from Vine Ripened Tomatoes 100% Canadian Wheat 20
Slide 21: Innovating Our Menu
INNOVATING OUR MENU HAWAIIAN STROMBOLI SIGNATURE WRAPS highlights menu LOADED TOTS provided a treat for XXL PIZZAS introduced a whole new builds on the category with variety and food innovation, while fans of the retro tater tot, updated 18” size pizza to customers that fed a favourite flavour. attr
Slide 22: Delivering on Value
DELIVERING ON VALUE Guaranteed delivery times or it's free Track your delivery order in our app Your Pizzas stay hot in our certified delivery bags Quick Delivery by car, never by bike One delivery fee, never surged prices Continuous promotion of high quality, value oriented offerings, and popular w
Slide 23: Multi-Channel Ordering Platform
MULTI-CHANNEL ORDERING PLATFORM + + Call Centre DIGITAL CALL CENTRE IN-RESTAURANT Multi-channel ordering platform provides multiple touchpoints for consumers and supports focus on convenience 23
Slide 24: Continuously Leveraging Technology & Innovation
CONTINUOUSLY LEVERAGING TECHNOLOGY & INNOVATION Delivery Driver Loyalty Program, Push Notifications Pizza 73 Website and Tracking and Email Marketing Mobile App Redesign Leverages organic and third party technology to ensure the Pizza Pizza and Pizza 73 brands are top of mind with consumers with stro
Slide 25: Re-imaged Exteriors
RE-IMAGED EXTERIORS OLD NEW Restaurant re-imaging keeps our brands current and top of mind, driving SSS 25
Slide 26: Re-imaged Interiors
RE-IMAGED INTERIORS OLD NEW Restaurant re-imaging keeps our brands current and top of mind, driving SSS 26
Slide 27: Impressive History of Awards & Recognition
IMPRESSIVE HISTORY OF AWARDS & RECOGNITION Elite Franchising Best Workplaces For Mental Health Strategy Magazine Brands of the Year Canadian Marketing Association Canadian Marketing Effectiveness (Effie) Waterstone Great Place to Work Pinnacle Awards Career Directory CFA D&I Champion Franchisee’s Cho
Slide 28: Industry Authority and Leadership
INDUSTRY AUTHORITY AND LEADERSHIP Track record of recognition in the media for our financial results, marketing accomplishments, brand strength, company culture and operational innovation. 28
Slide 29: Investing in Communities
INVESTING IN COMMUNITIES SPORTS SPONSORSHIPS let us connect with SLICES FOR SMILES promotions PRIDE PARADE sponsorships 905 HERO PROGRAM The Raptors 905 sports fans, especially the hugely allow us to fundraise for help us support LGBTQ2S+ partnered with Pizza Pizza to recognize and passionate fans o
Slide 30: Environmental, Social, Governance
ENVIRONMENTAL, SOCIAL, GOVERNANCE OUR OUR PLANET FOOD Our packaging (boxes, slice Head office uses 3 wind Thermoelectric generators Over $3 million Carbon reduction, Food safety, ethical trays, bags, napkins) is all turbines, battery farm, an capture and divert waste has been raised packaging, food
Slide 31: Investment Summary
INVESTMENT SUMMARY Pizza Pizza's been delivering great pizza since 1967 and consistent, increasing value to our shareholders since our IPO in 2005. 31
Slide 32: Advantages of PZA
ADVANTAGES OF PZA ● Exceptional Brand Recognition ● Simple Royalty Structure ● High-yield Dividend Corp ● Strong Sales Growth History ● Healthy Cash Position ● Poised for Growth 32
Slide 33: Thank You!
Thank You!
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