Slide 1: First Half 2026 Results Presentation
DPC Dash Ltd (1405.HK) First Half 2026 Results Presentation August 26, 2026
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by DPC Dash Ltd (the “Company” and together with its subsidiaries, the “Group”) solely for information purposes and does not constitute a recommendation regarding the securities of the Group or an offer to sell or issue or the solicitation of an offer t
Slide 3: 1H2026 Results
1H2026 Results Revenue Store Footprint Same-store Transaction Count Growth (SSTG) 7.1% Positive SSTG for 22 consecutive quarters RMB 3,133.8 million 1,550 Stores in 75 Cities Average Transaction Price +20.8% YoY Growth +235 net new stores (ATP) 72.9 +15 new cities (10%) lower ATP amid the 3PP campai
Slide 4: Continued Store Expansion & Revenue Growth
Continued Store Expansion & Revenue Growth Store Count and Growth Revenue and Growth YoY % 31.1% 30.5% 29.4% YoY % 27.0% 22.7% 20.8% 1,550 (RMB mm) 3,133.8 1,315 2,788.7 1,198 2,593.4 647 +199 45% +91 448 36% 357 35% +26 867 +36 903 841 65% 64% 55% 1H25 2H25 1H26 1H25 2H25 1H26 Initial City markets
Slide 5: 1H 2026 Environment: Signs of Stabilization
1H 2026 Environment: Signs of Stabilization Impact of 2025 aggregator war starting to ease in 1H 2026 Average Transaction Average Daily Transaction Average Daily Sales Price (“ATP”) Counts Per Store (“ADTC”) Per Store (“ADS”) (RMB) (RMB) 1.3% 80.7 12,915 (7.2%) (7.0%) 160 160 162 (1.4%) (2.7%) 74.9
Slide 6: 1H 2026 SSSG: Sustained SSTG, Mitigating ATP Decline
1H 2026 SSSG: Sustained SSTG, Mitigating ATP Decline SSTG 12.0% 8.4% 8.5% 3.9% 7.1% 6.8% Transaction volumes were positive across all 2.2% markets (7.9%) Group SSTG was high-single-digit even as 3PP subsidies moderated (19.1%) New City turned positive in 1H26 despite the Group Initial City markets N
Slide 7: 1H 2026 Profitability: Stabilizing Margins
1H 2026 Profitability: Stabilizing Margins Store Level Operating Profit and Margin 1 Group Adjusted EBITDA and Margin 2 Margin % Margin % (RMB mm) (RMB mm) 14.6% 12.4% 12.9% 12.5% 11.2% 11.2% 390.4 379.2 360.5 350.7 322.9 311.7 1H25 2H25 1H26 1H25 2H25 1H26 ____________________ 5 1) Store-level oper
Slide 8: Near-term Initiatives for Growth and Profitability
Near-term Initiatives for Growth and Profitability Growth levers Product Innovation Value Program ✓ Continue to lead on pizza taste and ✓ Combos replace discounts (i.e. RMB innovation 79 6-item Signature) ✓ Offer single meals for new occasions ✓ Crazy Tue/Wed to New City Delivery Marketing & Brandin
Slide 9: Appendix
“ Appendix
Slide 10: Financial Results Overview
Financial Results Overview 2023-2025 1H26 vs. 1H25 RMB mm 2023 2024 2025 1H25 1H26 CAGR % Growth % Revenue 3,050.7 4,314.1 5,382.0 2,593.4 3,133.8 32.8% 20.8% Growth (%) 51.0% 41.4% 24.8% 27.0% 20.8% Store EBITDA 1 576.6 831.4 1,001.0 502.8 544.5 31.8% 8.3% Margin (%) 18.9% 19.3% 18.6% 19.4% 17.4% S
Slide 11: Store Profitability Impacted by ATP, however Still At Healthy Level
Store Profitability Impacted by ATP, however Still At Healthy Level Store Cost Items as % of Revenue Store Operating Profit and Margin 4 YoY % 48.7% 18.5% 2.9% (RMB mm) 14.5% 739.7 14.6% 15.7% 13.8% Other cost 1 17.0% 16.4% 16.2% 15.9% 12.5% 13.7% 4.9% 624.0 D&A cost 5.1% 4.8% 4.9% 4.8% 10.4% Lease-
Slide 12: Corporate Efficiency Continues: ~4% Improvement Over 2.5 Years
Corporate Efficiency Continues: ~4% Improvement Over 2.5 Years Cash-Based Compensation Corporate D&A and as % of Corporate G&A and as % of Cost and as % of Revenue Revenue Revenue (RMB mm) (RMB mm) (RMB mm) 7.3% 2.4% 2.0% 1.9% 5.7% 5.1% 5.1% 4.9% 1.8% 1.8% 1.7% 1.3% 1.1% 1.1% 1.0% 55.4 58.8 97.9 53.
Slide 13: Reconciliation of Adjusted EBITDA and Adjusted Net Profit
Reconciliation of Adjusted EBITDA and Adjusted Net Profit 1 Adjusted EBITDA and Margin Adjusted Net Profit and Margin (% Margin) 9.9% 11.5% 11.8% 12.4% 11.2% (% Margin) 0.3% 3.0% 3.5% 3.5% 3.1% (RMB mm) (RMB mm) 634.6 187.9 495.2 131.2 322.9 350.7 98.2 301.7 91.4 8.8 2023 2024 2025 1H25 1H26 2023 20