Trading update for H1 2015

DP Poland PLC (“DP Poland or the “Company”)

Trading update for H1 2015, unaudited.

11 consecutive quarters of double digit like-for-like system sales growth. System sales, excluding 3 stores closed in 2014, up by 23.3% . Continued improvement in store EBITDA performance.

DP Poland, through its wholly owned subsidiary DP Polska S.A., has the exclusive right to develop, operate and franchise Domino’s Pizza stores in Poland. It currently operates 12 corporate stores in Warsaw and Krakow and franchises 6 stores in Warsaw.

Highlights

  • Total system sales*, excluding 3 stores closed in 2014, PLN 11.4m H1 2015 vs PLN 9.3m H1 2014, up 23.3%
  • Total system sales, including 3 stores closed in 2014, PLN 11.4m H1 2015 vs PLN 10.1m H1 2014, up 13.2%
  • Maintaining strong like-for-likes**
    • Like-for-like system sales (PLN) up 15.8% **
    • Like-for-like gross profit*** (PLN) up 27.1%
    • Like-for-like order count† up 15.1%
  • Total stores†† EBITDA positive for each month January – June 2015
  • Top 3 corporate stores averaged +£26k††† EBITDA each in H1 2015 vs +£7.5k each in H1 2014
  • Oldest corporate store delivers EBITDA of +£29.4k††† in H1 2015
  • Significant new store openings in the pipeline for Q4 2015

Peter Shaw, Chief Executive of DP Poland said:

“Total system sales, excluding 3 stores closed in 2014, were up 23.3% in the first half of 2015 and we saw continued double digit like-for-like store growth in system sales, order count and gross profit.

Store EBITDA continues to improve with our top 3 stores delivering an average of +£26k in the first half of 2015, compared to +£7.5k in the first half of 2014.

We are well advanced in site negotiations and store construction for expansion into new cities in Q4 2015”

20 July 2015.

Enquiries:

    • 020 3393 6954DP Poland PLC
    • Peter Shaw, Chief Executive
    • 020 7418 8900 Peel Hunt
    • Dan Webster
      Richard Brown
      George Sellar

* System Sales – total retail sales including sales from corporate and sub-franchised stores.
** Like-for-like growth in PLN, matching trading periods for the same stores between 1 January and 30
June, 2014 and 1 January and 30 June, 2015
*** Sales minus food costs. This figure excludes franchised stores
† Order count for corporate and franchised stores
†† Total stores includes corporate and franchised stores
†††Exchange rate average for H1 2015 – £1:PLN 5.65

dppolandAdmin