DP Eurasia N : Annual Report and Accounts 2022

Delivering together

DP Eurasia N.V.

Annual Report and Accounts 2022

About us

DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Russia, Azerbaijan and Georgia.

Domino's Pizza is one of the most successful fast-food brands worldwide and a global leader in home delivery.

Strategy	Culture
in action	in action

Our values

Ambition

Integrity

Cohesion

Team spirit

Sustainability

in action

Find out more on	Find out more on	Find out more on
pages 15 to 26	pages 40 and 41	pages 42 to 44

1	DP Eurasia N.V.	Strategic report	Corporate governance	Financial statements	Additional information
	Annual Report and Accounts 2022

What's inside

A

smart idea:

Strategic report

At a glance	2
Highlights	4
Key financial figures	5
2022 Highlights	6
Chairman's statement	7
Message from the CEO	9
Competitive advantages	12
Business model	13
Our purpose and strategy	14
Strategy in action: Innovation	15
Strategy in action: Growth	21
Strategy in action: Brand	22
COFFY	27
Strategic review	32
Stakeholder engagement	38
Culture in action	40
Sustainability in action	42
Task Force on Climate-related Financial
Disclosures ("TCFD")	45
Risk management	59
Group structure	77

Corporate governance

Board	79
Leadership team	81
Board attendance and composition	82
Corporate governance report	83
Remuneration report	95
Directors' remuneration policy	99
Annual remuneration report	110
Board declaration	121
Shares and shareholders	122

Financial statements

Consolidated statement	127
of comprehensive income
Consolidated statement	128
of financial position
Consolidated statement of	129
changes in equity
Consolidated statement of	130
cash flows
Notes to the consolidated	131
financial statements
Company income statement	178
Notes to the Company	180
financial statements

Additional information

Independent auditor's report	185
ESG appendix	195
Glossary	196
Contacts	197

COMPLIANCE STATEMENT

This document is the PDF/printed version of the 2022 Annual Report of DP Eurasia and has been prepared for ease of use. The 2022 Annual Report was made publicly available, and was filed with the NSM in European single electronic reporting format (the ESEF package). The ESEF package is available on the company's website at www.dpeurasia.com and includes a human readable XHMTL version of the 2022 Annual Report. In any case of discrepancies between this PDF version and the ESEF package, the latter prevails.

Pizzetta

Find out more on pages 16 and 17

Time for

COFFY

Find out more on pages 27 to 31

CEO

Q&A

Find out more on pages 10 and 11

Community

support

Find out more on pages 42 and 43

2 DP Eurasia N.V.

Annual Report and Accounts 2022

At a glance

Domino's Pizza is one of the most successful fast-food brands and an international leader in home delivery, with global retail sales of over $17.5 billion in 2022 and more than 19,800 stores in over 90 markets.

DP Eurasia is the fifth-largest franchisee of the Domino's Pizza brand owned by Domino's Pizza, Inc.

Ambition	Integrity
The Group is committed to	The Group is dedicated to
improving its brand to	choosing the path that helps
overcome new challenges	strengthen its principles
whilst demonstrating an	of honesty, truth, loyalty and
eagerness to adapt and grow.	justice in the daily conduct
	of all workers.

Strategic report

Corporate governance

Financial statements

Additional information

Values	Vision	Mission
Underpinning the Group's	The Group's vision is to be an	The Group's mission is to create
ethical principles and business	international leader by utilising	value for shareholders, whilst
conduct are its core values of	the best market practices to	respecting the community in a
ambition, integrity, cohesion and	provide excellent services to both	socially responsible way.
team spirit.	customers and the community.

Cohesion	Team spirit
The Group aims to achieve the	The Group operates globally
ambitious goals it sets through	in culturally diverse contexts
the contribution of all business	and encourages a respect for
units. Building on experience,	differences, a sense of
the Group comes together to	belonging, loyalty and
overcome new challenges.	reciprocity amongst all workers.

3	DP Eurasia N.V.	Strategic report	Corporate governance	Financial statements	Additional information
	Annual Report and Accounts 2022

At a glance continued

The Group operates through both corporate and franchised stores. As of 31 December 2022, 14% of the Group were corporate stores, principally located in densely populated cities, while 86% were franchised stores.

The corporate stores serve as a platform to develop best practices that the Group subsequently deploys in its franchised stores.

Where we operate

				Georgia	6
				-
	566				Azerbaijan	10
Turkey	4	10 19		-
89

Franchised stores

Corporate stores

Domino's

Commissaries

COFFYCOFFYStores

TRY

3.6 billion

system sales

(2021: TRY 3.5 bn)

700

stores across

three countries

(2021: 629)

86%

franchised

store mix

(2021: 83%)

81%

of delivery online

• All Group figures exclude Russian business, which is now a discontinued operation.

• All Group figures are restated according to hyper inflation accounting.

(2021: 76%)

• All Group and Turkey figures include COFFY. Like-for-like and online delivery figures exclude COFFY.