Shakey's Pizza Asia Ventures, Inc. · PSE:PIZZA
Shakey's Pizza Asia Ventures — H1 2026 Earnings Presentation
23 slides from Shakey's Pizza Asia Ventures's earnings presentation, Aug 13, 2026
Slide 1: Charging Through Challenges: 1H 2026 Earnings Presentation
CHARGING THROUGH CHALLENGES INVESTING BOLDLY, SCALING ACROSS BORDERS SHAKEY’S PIZZA ASIA VENTURES, INC. 1H 2026 EARNINGS PRESENTATION 1 3 AUGUST 2026
Slide 2: 1H 2026 Financial Performance
1H 2026 FINANCIAL PERFORMANCE
Slide 3: 1H 2026 Financial Highlights
1H 2026 FINANCIAL HIGHLIGHTS Shakey’s Group sustains double - digit systemwide sales growth of 12% YoY in 1H26 Profits lag due to economic headwinds NETWORK SYSTEMWIDE GROSS CORE NET CORE EXPANSION SALES MARGINS INCOME* EBITDA* 1H +104 13.0B 20.1% 315M 1.1B vs Dec ‘25 +12% YoY -120 bps YoY -26% YoY
Slide 4: 1H26 Systemwide Sales and Global Network Expansion
Amid a weak consumer discretionary landscape, 1H26 SWS grows 12% YoY as continued investments in network expansion offset soft same - store sales 1H26 Systemwide Sales (SWS) Global Network Expansion in PHP B 12% 403 1H26 vs 1H25 units vs 2025 base 13% -1% 104 NSO Impact 1H26 SSSG 299 2,970 3,074 13.
Slide 5: New Store Openings Continue to Show Healthy Payback Periods
Long - term investments in network expansion continued in 2Q 2026, albeit at a deliberate moderated pace Quarterly NSOs New Store Openings Continue to Show Healthy Payback Periods 403 openings vs 2025 base Restaurants 163 3-5Y 89 Payback Period 69 47 35 Shakey’s Festive Walk Shakey’s Castillejos Ilo
Slide 6: Trailing 4 Quarters Systemwide Sales and SSSG
Despite the ongoing geopolitical conflict, 2Q26 reflected flattish same - store sales; nonetheless, SWS grows QoQ driven by celebrations Promotions and brand-building activities Trailing 4 Quarters Systemwide Sales (SWS) to support growth 4% in PHP B 2Q26 vs 1Q26 7.1 6.6 6.1 6.4 11% T2026 6.0 2Q26 v
Slide 7: Soft bottom line amid compounding headwinds
Soft bottom line delivery amid compounding headwinds and deliberate efforts to restructure Peri - Peri network YoY Impact on Net Margins 1H26 Profitability Metrics in PHP M 4.6% 5.0% 4.5% Net Income 1.0% 3.9% 427 4.0% 450 -1.2% 26% 3.5% 315 400 3.0% 0.7% 2.8% 350 347 Core 300 232 2.5% 250 -1.3% 33%
Slide 8: 1H 2026 Cash Flows, Cash Conversion Cycle, Net Gearing
SPAVI’s healthy EBITDA generated healthy cash levels, which, along with the Group’s strong balance sheet, support operations amid volatility 1H 2026 Cash Flows Cash Conversion Cycle in PHP M 14 6 Mainly related to network expansion and FY25 1H26 1,040 Payments for renovations expansion- 1,818 relate
Slide 9: 2026 Outlook
2026 OUTLOOK ?
Slide 10: Geopolitical tensions persist; consumer sentiment declines
Geopolitical tensions continue to persist, with new challenges coming into the second half of 2026 Consumer sentiment declines amid Risks remain for the balance of year GDP growth slowdown and increasing inflation Month-end 119.2 Diesel Price 58.3 (Php/L) 69.1 7 6.4 PH GDP 5.3 40.0 Growth YoY 5 4.1
Slide 11: Portfolio composition to navigate near-term volatility
Our unique portfolio composition allows us to navigate near - term volatilities and sets us up for long - term growth CASUAL DIN ING KIOSKS TAKE ADVANTAGE OF LONG-TERM PROVIDE STABILITY AND RESILIENCE PHILIPPINE GROWTH STORY AS A COUNTER-CYCLICAL CUSHION ENABLE SUSTAINABLE TOPLINE GROWTH AND STRENGT
Slide 12: Casual dining initiatives: solo diners, value, loyalty
For casual dining formats, we are strengthening our value proposition and brand equity alongside reinforcing business fundamentals TOPLINE INITIATIVES BOTTOM LINE INITIATIVES Introduce Launch offerings for value-for- solo diners money UNLOCK STORE EFFICIENCIES innovations by optimizing utility costs
Slide 13: Kiosk initiatives: brand relevance and value offerings
For kiosks, we are boosting brand relevance through consistent communications and compelling value offerings to fuel growth momentum TOPLINE INITIATIVES BOTTOM LINE INITIATIVES Reinforce Feature equity value- OPTIMIZE SUPPLY CHAIN through driven MANAGEMENT thematic bundles campaign ROLL-OUT COST-EFF
Slide 14: 2026 Outlook
202 6 Outlook Given the volatile macroeconomic environment and the discretionary nature of our portfolio, we refrain from giving our default double-digit growth guidance. Better 2H SSSG Higher cost performance due to environment in 2H to Headline profits to Net store openings: prior year base effect
Slide 15: 2026 as a Reset Year to secure long-term growth
We are approaching 2026 as a “Reset Year” to secure the long - term growth of our portfolio DOMESTIC RESTAURANTS DOMESTIC KIOSK S INTERNATIONAL CORE BRAND CHALLENGER BRAND GROWTH BOOSTER EMERGING #1 full-service chain One of the largest full- #1 kiosk chain* & 'Franchise BRANDS PC: World's best flav
Slide 16: Charging Through Challenges
CHARGING THROUGH CHALLENGES INVESTING BOLDLY, SCALING ACROSS BORDERS SHAKEY’S PIZZA ASIA VENTURES, INC. 1H 2026 EARNINGS PRESENTATION 13 AUGUST 2026
Slide 17: Other Financials
OTHER FINANCIALS
Slide 18: 1H 2026 Summarized P&L
1H 2026 Summarized P&L Δ 1H26 In PHP M 1H 2025 1H 2026 vs 1H25 Systemwide Sales 11,581 13,023 12% • 1H26 systemwide sales grew 12% YoY, as Total Revenue 7,483 8,168 9% continued global network expansion Cost of Sales (5,892) (6,524) 11% offsets softness in same-store sales Gross Profit 1,592 1,644 3
Slide 19: 1H 2026 Summarized Balance Sheet
1H 2026 Summarized Balance Sheet In PHP M Dec 2025 Jun 2026 In PHP M Dec 2025 Jun 2026 Cash 1,167 919 Trade and Other Payables 2,347 2,464 Receivables 1,729 1,361 Short-Term Borrowings 4,769 2,893 Inventories 1,490 1,307 Other Current Liabilities 548 605 Other Current Assets 535 1,115 Total Current
Slide 20: 1H 2026 Summarized Cash Flows
1H 2026 Summarized Cash Flows In PHP M 1H 2025 1H 2026 Headline Income before Income Tax 377 242 Stable EBITDA performance YoY and Depreciation and Amortization 474 565 working capital management contribute to higher operating cash Changes in Working Capital (291) (411) flows YoY Other Operating Cas
Slide 21: Key Financial Ratios
Key Financial Ratios 1.2 Net Interest Bearing 1.8 1.9 Net 1.1 Debt-to-Core EBITDA Debt-to-Equity (x) (x) FY25 1H26 FY25 1H26 0.5 0.5 10.5% Net Core Return on Equity 9.1% Gearing (x) (ROE)* FY25 1H26 FY25 1H26 • Gearing ratios are manageable and remain at healthy levels • Impact of weak macroeconomic
Slide 22: Cash Conversion Cycle
Cash Conversion Cycle WORKING CAPITAL RECEIVABLES 872 1,729 1,361 14 204 39 29 6 FY25 1H26 FY25 1H26 • Cash conversion cycle Receivable Receivable Days Working Capital WC Days improves vs year-end, with decrease in payable days INVENTORY PAYABLES offset by improving receivable and inventory days 2,3
Slide 23: Serving You Through Thick and Thin
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Shakey's Pizza Asia Ventures — H1 2026 Earnings Presentation on 6ix