Domino's Pizza Enterprises Limited · ASX:DMP
Domino's Pizza Enterprises — Shareholder Meeting (October 2013)
31 slides from Domino's Pizza Enterprises's shareholder meeting presentation, Oct 29, 2013
Slide 1: For personal use only
For personal use only
Slide 2: For personal use only
For personal use only
Slide 3: FY13 financial highlights
# Underlying NPAT growth up 13.0% to $30.4M* # SSS grew 2% for the full year = Total Network Sales up 5.4% to $848.6M # Underlying EBITDAgrowth of 16.2% to $55.9M* # Return on capital employed 30.7%* Dividend +14% to 30.5 cents per share # Underlying EPS 43.4c, up 11.5%* “Based on Underfying results
Slide 4: Dividends
Final fully-franked dividend of 15.4 cents per share Interim dividend of 15.5 cents per share Full Year dividend to 30.9 cents per share In addition to the dividends, a $30M Capital Return was made bringing the total return to shareholders in 2013 to 73.7 cents per share
Slide 5: Key highlights – DPE Group
« Digital performance continues to be a key driver of growth in ANZ # Celebrated 500" store opening in Australia « Added 67 new storesto the network (27 in ANZ, 40 in Europe) # Acquisition of 75% shareholding interest in Domino’s Pizza Japan (DPJ)
Slide 6: Performance – ANZ
# Astronger second half SSS of 2.6% contributed to an overall result of 1.4% in ANZ # Network Sales growth of 3.4% in ANZ # ANZ EBITDAup 17.5%* due to a combination of improved margins, economies of scale and the continued sell down of corporate stores. &
Slide 7: Performance – Europe
= We had record organic store growth over the twelve month period « Total Network Sales grew 12.8% (constant currency on FY12) « DPE Europe Same Store Sales growth of +3.1%
Slide 8: Domino's Pizza Japan acquisition
September 3, 2013 DPE completedthe acquisition ofa 75% interest in DPJ Comprising 216 corporate stores and 43 franchise stores Exciting opportunity to leverage our experience in store growth/digital etc. Increases our total store network to over 1,250 stores in the DPE Group
Slide 9: Management changes
CEO Europe, CEO France — Andrew Rennie Domino’s Pizza France Chairman — Jean- Marc Dayan CEO Australia & New Zealand — Andrew Megson ANZ Operations Manager - Nick Knight
Slide 10: Looking ahead
* Continued store growth = Growth strategies in Europe » Exciting new chapter of growth with Japan joining the DPE group = Set new benchmarks and lead the way in digital innovation — as we progress to 80% of sales online = Continue to exceed expectations in product, service and image
Slide 11: Chairman's Address speech notes
Domino’s Pizza Enterprises Ltd AGM 2013 Chairman’s Address (SLIDE ONE) For personal use only Annual General Meeting Good afternoon, Welcome to the 2013 Domino’s Pizza Enterprises Limited Annual General Meeting. (SLIDE TWO) Chairman’s Address Domino’s Pizza Enterprises has seen some solid results fro
Slide 12: Chairman's speech: dividends and key highlights
(SLIDE FOUR) Dividends As a result of its solid underlying NPAT, Domino’s paid shareholders a final fully- franked dividend of 15.4 cents per share, in addition to the interim dividend of 15.5 cents per share. For personal use only This brought the total dividend for the Financial Year 2012-2013 to
Slide 13: Chairman's speech: Japan and management
(SLIDE EIGHT) Domino’s Pizza Japan (DPJ) On 3rd of September this year DPE completed the acquisition of a 75% interest in Domino’s Pizza Japan. For personal use only The acquisition represents an exciting opportunity to leverage our proven track record of successfully growing the Domino’s network to
Slide 14: Chairman's speech: looking ahead
(SLIDE TEN) Looking Ahead The months ahead look strong for the DPE Group: We will continue to drive impressive store growth numbers We will work closely with Europe on store growth, marketing initiatives and profit improvement For personal use only plans We will further integrate Domino’s Pizza Japa
Slide 15: For personal use only
For personal use only
Slide 16: Agenda
Recap of 2013 performance Store roll out and planned progression Current trading update 2014 outlook Conclusion
Slide 17: ANZ performance: digital and product innovation
Biggestlaunch in our 20 year history — Chef's Best Over 50% - progressing to 60% of sales now coming from online 50% ofthese are coming from mobile HTML5 roll out, Facebook Real Time App, iPad App Product innovation and value
Slide 18: Europe performance: product and digital
Exciting new product launches including new Artisan range in France, Dutch Pancakes in The Netherlands Roll out of Pulse POS systemin The Netherlands Significant digital investment in France launching the iPhone App and Mobile website First official Entice branded store opened in The Netherlands (al
Slide 19: Current store growth
Celebrated milestone of 500" store opening in Australia 67 new stores (27 in ANZ, 40 in Europe) Current store growth Total of 74 ANZ stores were refurbished to new Entice look and feel Plan to open 70-80 new stores in ANZ and Europe with an additional 40-50 opening in Japan 600" ANZ store opening by
Slide 20: First quarter trading update
First quarter FY 14 results in line with management expectations ANZ SSS growth of 5.2% Europe SSS is flat at 0.1% Japan SSS growth of 9.7% Total Group SSS growth is 4.3% e
Slide 21: FY14 outlook
* Continue current momentumin FY14 to deliver EBITDAgrowth in the region of 15% # Confirm underlying EBITDAgrowth in the region of 15% after removing the effects of non-recurring acquisition and associated integration costs relating to the Japan acquisition # Total DPE Group SSS growth of 3-5%
Slide 22: FY14 outlook – ANZ
Solid momentum in new stores in ANZ Recent upgrade to HTML5 means even bigger push towards digital to drive sales in FY14 Online print, POS and our biggesttelevision marketing campaign in the past two years Sell down of corporate stores remains a key strategy Continued product development, innovatio
Slide 23: FY14 outlook – Europe
Committed to achieving our growth & profit objectives — big part of DPE’s future Accelerate growth and improve returns Digital innovations Continue to roll out the Pulse POS system HTML5 technology
Slide 24: FY14 outlook – Japan
Sirong start to the year —-SSS 9.7%‘ Continued integration of DPJ into the DPE group Continued growth of online in DPJ Relocation strategy Leverage the expertise within the DPE business to assist in the DPJ growth plans Internally funded franchising program to support our best managers in the system
Slide 25: Conclusion and FY14 guidance
Record organic growth planned with approx. 110-130 new stores to open FY14 in the group Pleased with performance during the first quarter of FY14 Cautious but optimistic about continuing the solid momentum already seen in FY14 Confirming FY14 underlying EBITDA growth in the region of 15% and Same St
Slide 26: Managing Director's Address speech notes
Domino’s Pizza Enterprises Ltd AGM 2013 Managing Director’s Address For personal use only 29 October 2013 (SLIDE ELEVEN) Group CEO Address – Don Meij Thank you Mr Chairman. Ladies and Gentlemen, it’s my pleasure to address you once again as Managing Director and Group CEO of Domino’s Pizza Enterpris
Slide 27: Managing Director's speech: ANZ digital
Currently, over 50% of our sales now come from online and over 50% of those sales from mobile. This is an area of the business we are enjoying much success and cut-through in and we have every intention to continue with the momentum already achieved by Domino’s in the digital space. Being leaders in
Slide 28: Managing Director's speech: Europe and store rollout
New store rollout and same store sales continue to drive growth in Europe. Our impressive store growth includes a record 67 additional new stores to the network during the year (27 of these in ANZ and 40 in Europe). This was slightly lower than our guidance update of 80+ given in February 2013. Regu
Slide 29: Managing Director's speech: FY14 outlook
We do want to take this opportunity to reiterate our guidance for Full Year 2014 to deliver underlying EBITDA growth in the region of 15% after removing the effects of non-recurring acquisition and associated integration costs relating to the Japan acquisition. We are also confirming guidance of Sam
Slide 30: Managing Director's speech: Japan outlook
(SLIDE TWENTY) FY14 – Outlook Japan We are really excited about the inclusion of Domino’s Pizza Japan in the DPE Group. The existing management has already achieved some significant milestones and we believe we can take the For personal use only business to the next level. We have already seen a str
Slide 31: Conclusion and thank you
• Domino’s Pizza Japan presents an exciting opportunity for the DPE Group – store growth, digital and innovation. Our ongoing solid financial performance would not be possible without the support of our Board members, team members, franchisees, Leadership Team, managers and frontline employees. Your
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