DP Poland : H1 2022 Presentation

DP Poland plc

H1 2022 Results

Investor Presentation

Legal Disclaimer

This trading update presentation (the "Presentation") has been prepared by DP Poland PLC (the "Company") in respect of its group (the "Group") and contains inside information as stipulated under the UK version of the Market Abuse Regulation (EU No. 596/2014) as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

The financial information referenced in this Presentation has not been audited and does not contain sufficient detail to allow a full understanding of the results of the Group. The information in this Presentation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. It is the responsibility of any person publishing or communicating the contents of this document or communication, or any part thereof, to ensure compliance with all applicable legal and regulatory requirements. Nothing in this Presentation should be construed as either an offer or invitation to sell or any offering of securities or any invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in the Company in any jurisdiction in which such offer or solicitation would be unlawful, or an invitation or inducement to engage in investment activity under section 21 of the Financial Services and Markets Act 2000 (as amended).

This Presentation includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward- looking terminology, including the terms "believes", "estimates", "plans", "anticipates", "targets", "aims", "continues", "expects", "intends", "hopes", "may", "will", "would", "could" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include matters that are not facts. They may appear in a number of places throughout this Presentation and include statements regarding the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Group's results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which the Group operates. By their very nature, forward-looking statements involve risk and uncertainty because they relate to events, and depend on circumstances, that may or may not occur in the future. A number of factors could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements, including, without limitation: conditions in the public markets; the market position of the Group; the earnings, financial position, cash flows, return on capital and operating margins of the Group; the anticipated investments and capital expenditures of the Group; changing business or other market conditions; changes in political or tax regimes, exchange rates and clients; changes in governmental policies, and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this Presentation, based on past trends or activities, should not be taken as a representation that such trends or activities will continue in the future. Subject to any requirement under the Aim Rules and UK MAR, the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should therefore not place undue reliance on forward-looking statements, which speak only as of the date of this Presentation.

No statement in this Presentation is intended to constitute a profit forecast or profit estimate for any period, nor should any statement be interpreted to mean that earnings or earnings per share for the current or future financial years would necessarily match or exceed the historical published earnings per share of the Company.

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Our vision is to emulate the success of major Domino's Pizza franchises across the globe, delivering attractive returns to our shareholders and deliver best in class value for our customers.

H1 2022 highlights

EBITDA positive

• Like For Like ("LFL") System Sales in H1 increased by 23.8% year on year (in local currency)
• • LFL increase of 21.8% in Q1, accelerating to 25.6% in Q2
  • Rapid recovery of dine-in sales with 128.1% LFL growth compared to H1 2021, whilst growing the strong delivery sales recorded in H1 2021 (+2.5% LFL)
• Total system sales increased by 16.8% to £17.1m (H1 2021: £14.6m)
• Average delivery times significantly reduced, boosting Net Promoter Scores1, for new and existing customers
• EBITDA2 increased to £388k (H1 2021: £(14k))
• Cash at bank of £1.7m at 30 June 2022, before £4.8m gross equity fundraise in August 2022
• Post period end, Nils Gornall joined the Company as CEO, bringing 28 years of operational experience at Domino's businesses.

1.	NPS measures the level of customer experience	4
2.	excluding non-cash items, non-recurring items and store pre-opening expenses

Our core market - Poland

A significant market for Domino's which remains largely untapped

• Strong economic fundamentals
• • Large EU market with 38m population, 19th globally in terms of GDP (PPP)
  • Above average GDP growth
  • • 63% GDP growth (in PPP) since 2011
    • 527% GDP growth (in PPP) since 1991
• Fragmentation of the quick service restaurant (QSR) space, opportunity to lead consolidation
• Potential to multiply the store count
• • Untapped market for Domino's in second- and third-tier towns (feasibility already proven)
  • Further in-fill opportunities in larger cities
• Croatian Domino's showing the potential to increase sales per store in the Polish market
• +30% like for like system sales growth post period end in July and August 2022

Sources: World Bank, IMF, Polish Statistical Office	5