Slide 1: DP Poland plc Investor presentation
DP Poland plc Investor presentation September 2017
Slide 2: H1 2017 Highlights system performance
H1 2017 Highlights system performance ▪ System Sales +50% Excl. summer effect ▪ System Sales like-for-like +17% ▪ +24% July and +28% August, like-for-like System Sales Actual ▪ 19 consecutive quarters of double digit like-for-like growth in System Sales ▪ Combined corporate store EBITDA and commissa
Slide 3: Growing momentum: store openings
Growing momentum Store openings ▪ 48 stores open to date Excl. summer effect – 13 opened January – September 2017 – 37% increase in store numbers Actual ▪ 3 stores under construction ▪ Store number 50 opening in October 2017 ▪ More than 50 stores by YE 2017 ▪ Domino’s is now in 19 towns and cities ▪
Slide 4: Orders per week
Average Weekly Orders 10 stores, each 5-6 years old Year on year comparison like-for-like stores 1,600 1,400 1,200 1,000 Orders per week 800 600 400 200 2012 2013 2014 2015 2016 2017 0 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 Weeks 4
Slide 5: Delivery sales made online
Delivery sales made online 10 stores, each 5-6 years old Year on year comparison like-for-like stores 90% 80% 70% 60% 50% 40% 30% 20% 10% 2012 2013 2014 2015 2016 2017 0% 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 Weeks 5
Slide 6: Financials: strong sales performance
Financials Strong sales performance ▪ System sales up 50% ▪ Strengthening like-for-like System Sales growth performance: July +24% and August +28% ▪ Continued growth in online sales Change H1 2017 H1 2016 % System sales PLN 26,856,460 17,928,548 +50% L-F-L system sales +17% +28% Delivery system sale
Slide 7: Financials: group performance 2017 on 2016
Financials Group performance 2017 on 2016 Constant exchange rate of £1: PLN 4.9625 ▪ Strong growth in Group Revenue Group Revenue & EBITDA H1 2017 H1 2016 Change % ▪ Group EBITDA lags revenue growth Revenue PLN 21,845,267 16,613,361 +31% – new stores loss making in first months Revenue £ 4,402,069 3
Slide 8: Financials: cash position
Financials Cash position ▪ June fund raising of £5m net ▪ Cash consumption, excluding June fund raising, (£2.7m) – including fund raising expenses 1 January 2017 Cash increase* 30 June 2017 Cash in bank £ 6,308,260 2,507,848 8,816,108 * Cash consumption of £2.7m actual 8
Slide 9: Store expansion
Store expansion Update on store openings Extending coverage Towns and cities with Domino’s ▪ 48 stores to date ▪ 25 corporate ▪ 2 under management contract ▪ 21 sub-franchised ▪ Domino’s is now in 19 towns and cities ▪ Store 50 in October 2017 ▪ 50+ stores by YE 2017 ▪ Moving towards critical mass ▪
Slide 10: Commissary
Commissary Additional c.100 store capacity has come on stream Excl. summer effect ▪ Capital light fit-out ▪ Central location will reduce distribution costs to North, South and West Actual ▪ Efficient production ▪ Lodz and Warsaw commissaries provide c.150 store supply capacity ▪ 2 production centres
Slide 11: Marketing and innovation
Marketing and innovation Online plus national marketing opportunity Excl. summer effect ▪ 73% delivery System Sales made online (69% H1 2016) ▪ 90% delivery orders placed online during certain promotions Actual ▪ 100% possible in near future ▪ Upgrading mobile platform ▪ GPS trials ▪ Chatbot technol
Slide 12: Outlook
Outlook Current trading and plans for H2 2017 ▪ Return to 24% and 28% like-for-like System Sales growth in July and August respectively ▪ suggests that H2 like-for-likes will be higher than H1 ▪ Polish economy outperforms predictions ▪ Moody’s predicts 4.3% growth for 2017, versus its previous predi