#1Domino's Domino's Pizza Enterprises Limited 1/485 Kingsford Smith Drive Hamilton, QLD, Australia 4007 ACN: 010 489 326 www.dominos.com.au 22 February 2023 The Manager Market Announcements Office Australian Securities Exchange 4th Floor, 20 Bridge Street SYDNEY NSW 2000 Dear Sir Market presentation for the half-year ended 01 January 2023 Please find attached for immediate release the market presentation in relation to the financial results for the Company for the half-year ended 01 January 2023. To register for the Half Year Results Presentation and Q&A visit: https://investors.dominos.com.au/presentations/2022/2/23/fy23-half-year-results For further information, contact Nathan Scholz, Head of Investor Relations at [email protected] or on +61-419-243-517. Authorised for lodgement by the Board. Craig Ryan Company Secretary END#2Domino's HALF YEAR RESULTS PERIOD ENDING 01/01/2023 ASIA PACIFIC | EUROPE#3Domino's WE ARE THE DOMINANT SUSTAINABLE DELIVERY QSR IN EVERY MARKET BY 2030#4Domino's GROUP - VALUE EQUATION FORTRESSING - brings us closer to Customers PROXIMITY TO CUSTOMERS allows for quicker, more consistent delivery experience MANAGEMENT IS WORKING WITH FRANCHISEES TO DELIVER The Value Equation is at the heart of Domino's strategy During this Half, Domino's has not fully balanced this equation for all customer cohorts and ordering methods Delivering the right product, service and image, at an affordable price, is key to an improved performance in H2 As Domino's re-balances this equation, we anticipate we will build frequency and continue to win new customers PROFITABLE FRANCHISEES - continue to open Stores PRODUCT SERVICE VALUE - IMAGE = PRICE HIGHER CLV AND LOWER COST OF DELIVERY fuels Franchisee Profitability IMPROVED CUSTOMER EXPERIENCE - drives Customer Lifetime Value. Lower run times reduce Cost of Delivery 3 g#5Domino's GROUP - KEY METRICS Network Sales H122 Actual $2,048.4m H123 Growth vs. H122 Online Sales Same Store Sales Growth $1,597.7m +2.8% Actual (1) $1,966.3m $1,525.1m -0.6% -$82.1m -4.0% -$72.6m -4.5% Network Store Count 3,227 stores 3,736 stores +509 stores +15.8% EBITDA (3) $212.8m $182.3m -$30.5m -14.3% EBIT(3) $144.7m $113.9m -$30.8m -21.3% NPAT (after Minority Interest) (3) $91.3m $71.7m -$19.6m -21.5% EPS (3) 105.5 cps 82.5 cps -23.0 cps -21.8% Dividend 88.4 cps 67.4 cps -21.0 cps -23.8% Net CAPEX (4) $66.1m $65.4m Free Cash Flow (5) ($4.5m) $15.9m Network Sales growth +1.2% excluding FX(2) NPAT growth -16.7% excluding FX(2) 1) H123 - included one less trading week than H122 (26 weeks vs. 27 weeks) 2) FX - Network Sales FX translation headwind c. $105m vs. H122, NPAT FX translation headwind c. $5m vs. H122 3) H123 underlying compared to H122 underlying, excluding significant charges - see Slide 16 & Appendix 5 for further details Excluding capital expenditure relating to acquisitions of $202.8m 4) 4 5) Free Cash Flow excluding capital expenditure relating to acquisitions, including Net lease principal payments - see slide 17 for further details#6Domino's GROUP - EBIT PERFORMANCE - PRE COVID TO NOW EBIT $M WATERFALL - PRE COVID TO NOW (H123 VS. H120) (1) Increase Decrease Total $8.2 $131.4 $4.9 +13.7% $4.5 $115.6 $113.9 -$1.7 -1.5% IT EBIT movement Germany Royalty Headwind FX Headwind H120 EBIT H123 EBIT Denmark Investment H123 EBIT (adjusted) 1) Underlying EBIT, excluding significant charges 3-Year EBIT growth +13.7%, excluding Germany royalty payment step-up, Denmark investment and FX translation headwind 3-Year EBIT growth includes the benefit of Malaysia and Singapore acquisitions from December 2022, and Taiwan acquisition from September 2021 ($3.3m total EBIT for H123). Excluding these acquisitions, EBIT growth is +10.8% 5#7Domino's 123 1) 2) 3) GROUP - TRADING UPDATE Half Year Results Trading Update First Weeks of Trade for H2 H122 H123 H221 (1) Actual Actual Actual YTD H222 Actual YTD (2) H223 Actual YTD (3) Network Sales Growth +11.1% -4.0% +20.9% +6.0% +4.2% Same Store Sales Growth +2.8% +129 stores -0.6% +10.1% +1.7% -2.2% New Organic Store Additions +79 stores +4.0% of network +2.1% of network +11 stores +23 stores +15 stores Network Sales growth +4.2% for first 7 weeks of trade, including the benefit of Malaysia and Singapore acquisitions Same Store Sales -2.2%. DPE anticipates Full Year SSS will be below our 3-5 year outlook as Domino's works to rebalance the Value Equation, especially for delivery customers. New Store Openings Due to recent trading weighing on franchisee sentiment, DPE forecasts Full Year new store openings may be below our 3-5 year outlook Network Sales and SSS growth (28 December 2020 - 14 February 2021); new organic store additions (28 December 2020 - 17 February 2021) Network Sales and SSS growth (03 January 2022 - 13 February 2022); new organic stores additions (03 January 2022 - 23 February 2022) Network Sales and SSS growth (02 January 2023 - 19 February 2023); new organic stores additions (02 January 2023 - 22 February 2023) 6#8Domino's ◉ GROUP - SHORT-TERM HEADWINDS LOWER THAN ANTICIPATED SSS AND PASS-THROUGH OF INFLATION AFFECTED EARNINGS Response to inflation - Domino's acted to offset rapidly increasing inflation, including through price rises ■ After multiple buy cycles some of the initial positive effect unwound in December, largely in delivery Higher delivery pricing (including service fees and higher bundles) reduced delivery customer acquisition and retention Customer counts have not met expectations since December, especially in Europe and Asia, lowering store profitability ■ December EBIT was particularly impacted in Japan due to the large number of Corporate stores, especially our immature stores in regional locations ■ Pricing strategies are currently being worked through, with DPE continuing to balance its Value Equation ■ Warehouse Earnings - impacted by lower than anticipated volumes & delayed pass-through of higher COGS ■ FX headwinds - c. $5m NPAT for H1, with the AUD strengthening against both the Yen and Euro ■ One Fewer Trading Week - H123 included one less trading week than H122 (26 weeks vs. 27 weeks) 7#9Domino's GROUP - RECENT PERFORMANCE ACHIEVEMENTS ■ Domino's team members - Management recognises the extraordinary and ongoing efforts of our team members in stores and in corporate roles, navigating historic inflation to deliver for customers, franchisees and the greater business Digital technology innovations - continue to enhance our Product, Service and Image, including our New mobile app - launched globally - which is winning new customers and growing Customer Lifetime Value (CLV) ■ Product Launches - The Burger Range (ANZ) most successful launch since Taste the Colour in 2016. New crispy fries were the most successful sides launch (NL/France). Single occasion 'My Box', has now premiered (Japan) ■ Protecting Franchisee Profitability - Franchisees remained sustainable in the face of historic levels of inflation ■ Franchisees lifted customer experience - improved execution, with top performers recognised in Club 18:45(1). Stores with the highest PSI have been the most successful in growing sales and margins Geographic Expansion of Asia - acquisition of Malaysia and Singapore, with these markets trading well - Germany Acquisition – Put option exercised in November for acquisition of minority interest. DPE working through pricing mechanism with Domino's UK IN THE FACE OF A CHALLENGING POST-COVID ENVIRONMENT, MANAGEMENT AND FRANCHISEES ARE WORKING IN PARTNERSHIP TO DELIVER 1) Newly launched Franchisee initiative 'Club 1845': 18 minute delivery times and 4.5 star product ratings for the highest achievers each quarter 8#10Domino's GROUP - NETWORK SALES NETWORK SALES (1) ONLINE SALES Total Network Sales Online Sales H118 H119 H120 H121 H122 H123 H118 H119 H120 H121 H122 H123 +11.1% -4.0% +11.5% -4.5% +16.5% +26.7% +10.6% +14.6% $2,048.4m $1,966.3m +21.0% $1,597.7m +7.1% $1,843.0m $1,525.1m +17.7% $1,432.5m $1,582.2m +20.5% $1,430.9m $1,130.4m $1,248.9m $934.3m $794.0m +8.5% +4.0% +3.3% +4.1% +2.8% (2) Total Network Sales SSS% (3) -0.6% 77.7% 78.0% 77.6% 63.6% 65.3% 71.4% Online Sales (4) Online %(5) 1) ■ - Network Sales declined -4.0% (-$82.1m) – DPE is cycling an additional trading week and an FX translation headwind of c. $105m vs. H122 (Network Sales +1.2% in constant currency) Group Online Sales declined -4.5%, noting lower aggregator sales and a shift in ordering from delivery to carry-out. Domino's new app is delivering a larger share of digital sales - Same Store Sales -0.6% – negative SSS growth primarily attributable to lower 1-year performance in Japan, with this market rolling very high 3-year comps as a result of COVID tailwinds H123 - included one less trading week than H122 (26 weeks vs. 27 weeks) 2) Total Network Sales growth - is calculated using Half Year average FX rates, as reported during the respective periods SSS % - is calculated in constant currency and excludes the benefit of the additional trading week in H122 Online Sales - including sales via aggregator platforms 3) 4) 5) Online Sales % - is calculated as total Online Sales divided by total Network Sales (including acquisitions) 9#11Domino's ศิล 1) 2) GROUP - STORE ADDITIONS - NETWORK STORE COUNT EXISTING AND NEW NETWORK SALES Network Store Count Existing and New Network Sales H118 H119 H120 H121 H122 2,454 2,596 2,795 131 3,227 285 H123 3,736 357 H118 H119 H120 H121 H122 H123 2,193 85 77 70 $1,248.9m $13.9m $1,430.9m $85 1m $1,582.2m $169.3m $1,843.0m $292.6m $2,048.4m $450.1m $1,966.3m $496.7m 3,379 2,123 2,377 2,511 2,664 2,942 $1,235.1m $1,345.8m $1,412.9m $1,550.4m $1,598.3m $1,469.6m +22.0% +25.3% +5.0% +3.4% +3.5% +4.6% +15.9% +3.5% +2.4% +5.9% +10.7% +1.1% (1) Existing Stores New Stores & Acquisitions New Organic Store Growth % (1) (2) Existing Stores & Acquisitions New Stores New Stores % of Total Group: +357 stores added to the network during H123 (+79 organic stores and +278 acquired stores) Asia: +36 new stores, plus +278 stores acquired from the December Malaysia & Singapore acquisition ANZ: +23 new stores ■ Europe: +20 new stores Continued significant store growth, from both new and existing stores See Appendix 2 for further details New Stores & Acquisitions - including acquisitions in Germany (FY18), Taiwan (FY22), Malaysia and Singapore (FY23) New organic stores include all new stores opened after 03 July 2017 10#12Domino's 1) 2) GROUP - H123 DASHBOARD NETWORK SALES H123 STORE ADDITIONS H123 NETWORK SALES H123 NETWORK SALES GROWTH +23 $769.0m $1.97B EU $25.6m $510.0m ORGANIC NEW STORE ADDITIONS H123 STORE ADDITIONS GROWTH EU $687.3m $2,048.4m ($27.6m) ($2.3m) $1,966.3m ($52.2m) +79 STORES +20 ANZ +36 ASIA ANZ ASIA H122 EU EU ANZ ASIA H123 ANZ ASIA UNDERLYING EBIT (1) H123 EBIT $63.4m $113.9M ($11.6m) $144.7m H123 EBIT GROWTH $3.1m $113.9m ($24.1m) ($9.3m) ($0.6m) $36.4m EU ANZ ASIA Global H122 EU ANZ ASIA Global H123 Underlying EBIT, excluding significant charges Note a 3-Year Dashboard is also available in Appendix 3 +1.5% NET CAPEX (INVESTING ACTIVITIES) H123 GROUP CAPEX $5.5m $6.7m $23.3m ■CAPEX which recycles $29.9m ■Digital CAPEX $65.4M Stay in Business CAPEX Other Investments +2.7% +3.5% 11#13Domino's GROUP - FRANCHISEE DASHBOARD FRANCHISED STORE COUNT (1) 292 138 262 2,082 49 2,823 FY20 Fran Stores FY21 Net Additions FY22 Taiwan Acq FY22 Net Additions H1 Net Additions H1 23 Fran Stores (2) NUMBER OF STORES PER FRANCHISEE 24.2% 23.0% GROUP FRANCHISEE WEIGHTED AVERAGE COMPANY EBITDA ($AUD) CONSTANT CURRENCY 'OODS 2.2 2.3 2.5 2.6 $324.3 $305.0 $264.0 $224.8 (3) 12-Month Rolling Q1 20 12-Month Rolling Q1 21 12-Month Rolling Q1 22 12-Month Rolling Q1 23 STORES PER FRANCHISEE EBITDA $ GROUP FRANCHISEE WEIGHTED AVERAGE EBITDA PER STORE ($AUD) CONSTANT CURRENCY '000S (4) 8.5% 10.3% 9.8% 7.5% 132.7 130.8 10.5% 103.9 101.1 60.4 82.6 50.0 44.0 53.9 50.1 70.4 57.1 1) 2 3-5 H1 FY20 H1 FY21 ■H1 FY22 H1 FY23 6 or more Franchised Store Count - is based on closing period store counts as per Appendix 2 2) Number of stores per Franchisee, including Taiwan for all periods 3) Group Franchisee company EBITDA - is calculated on the basis of multiplying Group weighted average store EBITDA submitted to DPE, by Group average number of stores per franchisee, excluding Taiwan 12-Month Rolling Q1 20 12-Month Rolling Q1 21 12-Month Rolling Q1 22 12-Month Rolling Q1 23 6 Mth to Mar 6 Mth to Sep EBITDA % 4) Franchisee profitability - includes 73% of stores that have submitted P&Ls during Q1 23 12-month rolling period, 78% of stores for Q1 22 12-month rolling period, 76% of stores for Q1 21 12-month rolling period and 79% of stores for Q1 20 12-month rolling period, excluding Taiwan 12#14GROUP FINANCIALS#15Domino's GROUP - FINANCIAL HIGHLIGHTS (INCLUDING FX) H122 Underlying H123 Underlying Growth vs. H122 $ mil $ mil $ mil % Network Sales 2,048.4 1,966.3 -82.1 -4.0% Revenue EBIT 1,206.6 1,154.5 -52.2 -4.3% 144.7 113.9 -30.8 -21.3% NPAT 91.3 71.7 -19.6 -21.5% EPS (basic) 105.5 cps 82.5 cps -23.0 cps -21.8% Dividend Per Share 88.4 cps 67.4 cps -21.0 cps -23.8% Euro average FX Yen average FX 0.630 81.924 0.662 93.738 Significant 1-year FX translation headwind, noting the Yen vs. AUD, in particular, was -12.6% weaker on a 1-year basis Network Sales growth includes an FX translation headwind of c. $105m vs. H122 (growth headwind -5.2%) ■ ■ NPAT growth includes an FX translation headwind of c. $5m vs. H122 (growth headwind -4.8%) H123 included one less trading week than H122, impacting profit growth by c. -3% (26 weeks vs. 27 weeks) Half Year Dividend Per Share 67.4 cents (60% franked) 14 14#16Domino's GROUP - GEOGRAPHIC SUMMARY (INCLUDING FX) H120 H122 H123 H121 Underlying Underlying Underlying Underlying Growth vs. H122 $ mil $ mil $ mil $ mil $ mil % Revenue Europe 281.0 324.8 361.0 364.3 +3.3 +0.9% ANZ 343.1 383.0 403.0 402.7 -0.3 -0.1% Asia 281.7 387.3 442.6 387.5 -55.1 -12.5% Total Revenue 905.8 1,095.1 1,206.6 1,154.5 -52.2 -4.3% EBIT Europe 37.3 44.6 49.7 25.6 -24.1 -48.4% ANZ 58.1 64.2 60.3 63.4 +3.1 +5.2% Asia 26.9 55.3 45.7 36.4 -9.3 -20.3% Global (6.6) (10.6) (11.0) (11.6) -0.6 -5.3% Total EBIT 115.6 153.4 144.7 113.9 -30.8 -21.3% EBIT Margin % Europe 13.3% 13.7% 13.8% 7.0% ANZ 16.9% 16.8% 15.0% 15.8% Asia 9.5% 14.3% 10.3% 9.4% Total EBIT Margin % 12.8% 14.0% 12.0% 9.9% Euro average FX Yen average FX 0.617 0.612 0.630 0.662 73.920 75.986 81.924 93.738 15#17Domino's ◉ GROUP - NON-RECURRING COSTS (1) $5.4m - ANZ Fast Food Industry Award class action legal defense costs (2) - $3.2m Acquisition and integration costs, primarily incurred in ANZ, relating to specialist advisors for the Malaysia, Singapore and Cambodia acquisitions $2.5m EU Non-Recurring costs, including brand re-launch in Denmark, and France legal dispute & resolution costs (2) - 1) Non-Recurring Costs before tax. See Appendix 5 for a reconciliation between Statutory and Underlying Earning 2) See Appendix 6 for further details on Class Action and other litigation matters 16#18Domino's (1) GROUP - FREE CASH FLOW" H121 H1 22 Statutory Statutory H1 23 Statutory $ mil $ mil $ mil Underlying EBITDA 218.2 212.8 182.3 Change in working capital (11.7) (57.2) (11.6) Profit on sale of non-current assets (13.2) (13.3) (11.4) Other movements 1.9 (2.3) (1.3) Operating cash flow before interest & tax 195.1 140.0 157.9 Non-recurring costs (1.0) (3.1) (11.1) Net interest paid (6.7) (5.8) (8.3) Tax paid (25.7) (38.2) (29.3) Net operating cash flow 161.8 92.8 109.1 Capital expenditure (67.9) (104.0) Proceeds from sale of PP&E & intangibles 10.4 15.9 (101.8) 11.5 Loans repaid by franchisees 21.1 22.0 24.9 Net cash used in investing activities (36.4) (66.1) (65.4) Free cashflow before Acquisitions 125.4 26.7 Net lease principal payments (29.6) (31.1) 43.8 (27.9) Free cashflow (ex acquisitions) 95.8 (4.5) 15.9 Acquisitions (1.0) (79.6) (202.8) Free cashflow 94.8 (84.1) (186.9) 1) H123 included one less trading week than H122 (26 weeks vs. 27 weeks) 2) See Appendix 8 for further details on Working Capital Working Capital is $11.6m higher than FY22. Primarily as a result of additional build-up of equipment and food inventories, due to lower than planned sales and store openings in Europe & Japan. Expect this will unwind in coming 6 months (2) Net operating cash flow up +17.6%, to +$109.1m Higher CAPEX in line with growth strategy & 3-5 year outlook Proceeds from sale excludes non-cash loans of $22.5m Loan book continues to recycle across all Regions 17#19Domino's GROUP - INVESTING ACTIVITIES (CAPEX) $6.7m $23.3m H123 GROUP CAPEX $5.5m $65.4M $29.9m CAPEX which recycles Stay in Business CAPEX Digital CAPEX Other Investments ◉ ◉ H123 Net CAPEX excluding acquisitions $65.4m (Prior Half $66.1m) CAPEX which Recycles $29.9m (Prior Year $28.5m) Gross CAPEX $66.4m, including investment in new corporate stores (primarily Japan), franchisee loans for new and existing stores and franchisee acquisitions (predominantly Europe and ANZ) Cash inflows $36.5m, arising from franchisee loan repayments and proceeds on sale of corporate stores Digital CAPEX $23.3m (Prior Year $21.0m) Including investment in online digital platforms, such as: roll-out of new native ordering app to the majority of our markets, launching Domino's Wallet, enhancement to our Voucher Tool and GPS "Stay in Business" CAPEX $6.7m (Prior Year $6.5m) - Including investment in corporate store refurbishments and upgrades Other Investments $5.5m (Prior Year $10.1m) Including Head Office, operational initiatives & logistics and back-of- house systems 18#20Domino's GROUP - BALANCE SHEET FY22 VS. FY22 H123 $ mil $ mil $ mil Cash & cash equivalents 76.9 143.7 66.8 Trade and other receivables 163.6 170.8 7.2 Inventories 30.9 58.7 27.9 Other current assets 139.9 169.4 29.5 Total Current Assets 411.3 542.7 131.5 Net Debt (1) $666.5m- $95.8m higher than FY22, primarily as a result of higher borrowings relating to the Malaysia and Singapore acquisitions, partly offset by $163.2m net capital raising Inventories (including equipment) - $27.9m higher, as a result of the following: Property, plant & equipment 273.5 337.4 63.9 Goodwill 485.7 565.7 79.9 ☐ Intangible assets 450.4 669.7 219.4 Other non-current assets 810.9 836.4 25.5 ■ Total Non-current Assets 2,020.4 2,409.2 388.8 Total Assets 2,431.7 2,951.9 520.2 Trade & other payables 304.0 349.6 45.6 Current tax liabilities 17.6 25.0 7.5 Borrowings 32.0 104.5 72.5 Other current liabilities 287.0 300.0 13.0 Total Current Liabilities 640.6 779.2 138.6 Borrowings 612.1 702.7 90.6 Other financial liabilities 0.5 50.4 49.9 Deferred tax liabilities 85.2 132.4 47.1 Other non-current liabilities 671.4 683.6 12.2 Total Non-current Liabilities 1,369.2 1,569.1 199.9 Total Liabilities 2,009.8 2,348.3 338.5 Net Assets 422.0 603.7 181.7 Malaysia and Singapore acquisition ($10.1m) Advance purchase of food into Distribution Centres, where food is anticipated to materially increase in price Lower sales than planned in December, resulting in stock build-up in Japan ■ Continued higher inventories, to mitigate supply chain risk, including new store equipment Payables - $45.6m higher, primarily as a result of: Timing of Financial close period in Japan Malaysia and Singapore acquisition ($20.4m) Spot FX rates EUR/AUD JPY/AUD 0.653 92.200 0.636 89.880 19 1) Banking Covenant Ratio excluding AASB16 - see Appendix 9 for further details#21Domino's GROUP - DEBT POSITION DPE STRENGTHENS ITS BALANCE SHEET & FUNDING CAPABILITY ■ The Group raised new debt, with a 4-year term, to fund the acquisition of Malaysia and Singapore (net cash payment $202m) Total Cash and Cash Equivalents The Group's debt composition includes $367.2m of debt which has been fixed at <1% and has a maturation profile of 4-6 years In addition, DPE completed a Capital raising of $163.2m net, during H123, to be used primarily to fund the acquisition of remaining shares held by Domino's Pizza Group plc in the German joint venture (forecast to complete H223) Banking Covenant Ratios H122 FY22 H123 12 Month Rolling EBITDA (ex AASB 16) Total Debt $362.6m $339.7m $310.8m Interest Coverage Ratio Net Leverage Ratio $598.5m $647.5m $810.2m $107.6m $76.9m $143.7m $491.2m $570.7m $666.5m 36.3x 33.7x 24.8x 1.4x 1.7x 2.1x Net Debt Total Cash and Undrawn Debt $m 597.4 400.2 ■ Total available cash and cash equivalents $143.7m 307.2 453.7 292.7 ■ Multi-currency undrawn debt facilities of $453.7m 230.3 ◉ Net Leverage Ratio is significantly below our 3.0x banking covenant requirement 107.6 143.7 76.9 H122 FY22 H123 ■Total Cash & Cash Equivalents I Undrawn Debt 20#22Domino's 1) 2) GROUP - KEY FINANCIAL RATIOS DPE Key Financial Ratios (1) Return on Equity H122 FY22 H123 Underlying Underlying Underlying 48.0% 42.3% 29.3% Return on Capital Employed 18.1% 16.8% 13.0% Cash Conversion (2) Banking Covenant Ratios Interest Coverage Ratio Net Debt 65.8% 71.6% 86.6% ROE lower, as a result of lower profits and a small dilution from the recent capital raising ROCE lower, due to lower EBIT, combined with investment in new and existing international markets, and Corporate stores Cash Conversion higher, primarily due to stronger operating cash flows 36.3x 33.7x 24.8x ◉ Interest Coverage Ratio lower, due to lower EBITDA $491.2m $570.7m $666.5m Net Leverage Ratio 1.4x 1.7x 2.1x DPE key financial ratios including AASB16 - see Appendices 7 & 8 for further details Banking Covenant Ratios excluding AASB16 - see Appendix 9 for further details ◉ Net Debt increases by $95.8m vs. FY22, as a result of the Malaysia and Singapore acquisitions and dividend payment, partly offset by $163.2m net capital raising Net Leverage ratio increases, primarily as a result of higher net debt attributable to recent Malaysia and Singapore acquisition 21#23Domino's GROUP - UNDERLYING EPS Underlying EPS 82.5c, -21.8% on H122 Underlying EPS 5-Year CAGR +2.9% ■ Underlying EPS 10-Year CAGR +15.3% 133.6 218.1 169.1 165.0 106.7 152.8 84.8 85.3 81.5 105.4 66.2 74.2 53.1 54.6 40.5 41.5 29.9 21.6 84.3 79.6 71.3 67.4 52.4 33.8 24.7 19.9 FY13 FY14 FY15 FY16 FY17 190.6 85.1 111.4 105.5 82.5 FY18 FY19 FY20 FY21 FY22 FY23 |H1 H2 Underlying EPS (cents per share) 22#24Domino's EUROPE PERFORMANCE#25Domino's EU FINANCIAL HIGHLIGHTS AUD - CONSTANT CURRENCY" H122 Underlying H1 23 Growth vs. Underlying H122 Europe $ mil $ mil $ mil % Network Sales 759.0 769.0 +10.1 +1.3% Revenue EBITDA 343.9 364.3 +20.4 +5.9% 67.1 46.5 -20.6 -30.7% EBIT 47.4 25.6 -21.7 -45.8% EBITDA on Revenue 19.5% 12.8% EBIT on Revenue 13.8% 7.0% Network Sales growth +1.3% (+$10.1m) EBIT -45.8% (-$21.7m) 1) Euro FX translation headwind has been removed from the above by re-translating Euro figures for H122 using H123 FX rate 24#26Domino's EUROPE - PERFORMANCE ■ Our European business has faced significant geopolitical disruption, challenging macro- economic conditions, including navigating the highest levels of inflation across the Group ■ Price increases to the customer has seen a decline in customer counts, particularly within delivery. Nonetheless, delivery orders remain elevated vs. pre-COVID; management are working to rebalance the Value Equation for our customers and franchisees ■ Network sales +1.3% higher: increasing pricing but smaller weekly customer counts ■ Decreased food volumes through Domino's commissaries, combined with a delay in passing through increased food costs, affected Domino's Europe's earnings ■ Increased investment in the European network (stores and Head Office), to deliver long-term growth, also resulted in a short-term impact on margins ■ Denmark: with the new marketing campaign, customer sentiment towards Domino's has ■ materially improved, as have sales and underlying earnings. Franchisee performance for the December quarter in Europe was resilient given the trading conditions, with Netherlands and Germany being the leaders within Europe. 88 The recent launch of fries in France and NL, designed for delivery, was the most successful sides launch for these markets 25#27Domino's ASIA PERFORMANCE 0 D 98#28Domino's ASIA FINANCIAL HIGHLIGHTS AUD - CONSTANT CURRENCY" (1) H122 Underlying H1 23 Underlying Growth vs. H122 Asia $ mil $ mil $ mil % Network Sales 494.9 510.0 +15.1 +3.0% Revenue EBITDA 391.6 387.5 -4.1 -1.0% 67.1 64.1 -2.9 -4.4% EBIT 40.2 36.4 -3.8 -9.5% EBITDA on Revenue 17.1% 16.6% EBIT on Revenue 10.3% 9.4% Network Sales growth +3.0% (+$15.1m) EBIT -9.5% (-$3.8m) 1) Yen FX translation headwind has been removed from the above by re-translating Yen figures H122 using H123 FX rate 27#29Domino's ASIA - PERFORMANCE ■ Our Markets in Asia are materially larger vs pre-COVID, with mature stores (+5 years) delivering strong returns for franchised and corporate operations ■ Sales in Asia increased +3.0% on a constant currency basis ■ The newly acquired markets (Malaysia and Singapore) are performing at expectations, with Management intending to apply High Volume Mentality to store operations ■ Warehouse earnings were lower than prior-year in Japan, due to food cost increases not being fully passed onto stores in the half ■ Franchisee profitability remained strong in Japan for Q2 ◉ Corporate Store profit for our mature stores in Japan, although below expectations, remained on par with last year: the maturation of a significant portion of the Japan business, opened during COVID, is expected to deliver growth in earnings and margins in the medium term Domino's BÜRGER PIZZA バーガーピザ ライス RICE 究極のフュージョン! バーガー×ピザ×ライス お持ち帰 Domino's Big Dac ビッグダック ¥999€ Domino's continues to develop menu offerings aimed at the single customer occasion 28#30Domino's AUSTRALIA & NEW ZEALAND PERFORMANCE#31Domino's ANZ - FINANCIAL HIGHLIGHTS H122 Underlying H1 23 Underlying Growth vs. H122 ANZ $ mil $ mil $ mil % Network Sales 689.6 687.3 -2.3 -0.3% Revenue 403.0 402.7 -0.3 -0.1% EBITDA 78.7 81.9 +3.3 +4.1% EBIT 60.3 63.4 +3.1 +5.2% EBITDA on Revenue 19.5% 20.3% EBIT on Revenue 15.0% 15.8% Network Sales growth -0.3% (-$2.3m) EBIT +5.2% (+$3.1m) 30#32Domino's ANZ - PERFORMANCE ■ EBIT grew +5.2% to $63.4 million, with Network Sales marginally lower (-0.3%), to $687.3 million ■ Reinvestment in the franchise base (Project Ignite) has delivered network expansion, with +23 new stores opened in the Half, versus 23 in the prior Full Year (including +3 Mobile Pizza Kitchen stores) Protecting, and rebuilding, franchisee profitability following significant input costs (largely food and labour) was a priority ■ Some franchisees exited the business due to underperformance as part of ongoing ABF program. Corporate store counts have increased in response; enhanced unit economics the key to re- franchising these stores Rebuilding store returns and payback remains a focus, with increasing average weekly order counts key FROM NEW INTRODUCING MINIS dominos.com.au MINI MEATLOVERS MINI SUPREME $5.99 PICK UP 08 FROM $8.99 DELIVERED 31#33DOMINO'S FOR GOOD ENVIRONMENT, SOCIAL, GOVERNANCE#34Domino's FOR GOOD SUSTAINABILITY REPORT HIGHLIGHTS DOMINO'S FOR GOOD ENVIRONMENTAL, SOCIAL AND GOVERNANCE Submitted our Science Based Targets and developed our environmental strategy and climate roadmap Approaching our 2030 target of 40% female leadership across all regions Making strong advances on animal welfare through new initiatives and partnerships: our work in Europe has been recognised by PETA and CIWF Delivering a menu in Australia, 100% free of artificial flavours and colours. Receiving the Corporate Philanthropist of the year award as a result of the support offered through our registered charity Give for Good in Australia Founding our own charity in Japan and providing grants to organisations that support farmers in agriculture and forestry Domino's DOMINO'S PIZZA ENTERPRISES LIMITED SUSTAINABILITY REPORT FY22 OUR PIZZA BRINGS PEOPLE CLOSER ESG updates are available at: https://DominosForGood.dominos.com.au 33#35Domino's FOR GOOD ESG - ENVIRONMENTAL STRATEGY KEY FOCUS AREAS AND CURRENT ACTIONS Roadmaps for every Centre of Excellence that include near term targets and a clear direction for the markets towards 2030 Improving data quality and measurement to help us target our actions and report on progress Guidelines on sustainable stores Supplier engagement with key suppliers Product innovation triangle that includes sustainability SUSTAINABLE STORES • & OPERATIONS E-delivery in all our markets • Low carbon energy ⚫ Energy efficiency in our operations, stores and offices • Waste management in our operations, stores and offices ⚫ Sustainable store design 2030 SBT ALIGNED ENVIRONMENTAL STRATEGY 3 KEY FOCUS AREAS RESPONSIBLE SOURCING Responsible sourcing policy ⚫ Traceability for our top commodities ⚫ Zero deforestation top high-risk commodities • Sourcing core ingredients from low impact agricultural practices or from alternatives ⚫ Less carbon intensive transport modes and fuel SUSTAINABLE PRODUCT INNOVATION ⚫ Footprint reduction of cheese per pizza in the menu in all markets ⚫ Low impact ingredients products on the menu ⚫ Customer transparency for all products ⚫ Sustainable consumer facing packaging in all markets SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION BUSINESS AMBITION FOR 1.5°C ▶ 34#36Domino's LOOKING FORWARD ASIA PACIFIC | EUROPE#37Domino's LOOKING FORWARD REBUILDING WITH CUSTOMERS FIRST ■ Commodity and labour increases are anticipated in the short term, continuing into FY24, albeit not as significant as previous increases passed through in FY23 ■ There remains a potential for further, unanticipated inflationary pressures to affect unit economics, notably labour increases and short-term energy price rises ■ Initiatives designed to offset inflation are still in play to optimise franchisee profitability and grow customer counts ■ Pricing power is built on higher quality customer experiences through operations and an improved product (More for More) ■ Domino's Value (Product + Service + Image at an affordable price) is central to attracting new customers and building frequency with existing customers Management are confident the strategy of building improved performance through increasing customer counts and sales is sound. ■ The fundamentals of Domino's Value Tree are strong (slides 37-40) BURGER JOINT FINALLY, A... NEW BURGER HAMBURGER MINI MADE FOR DELIVERY BURGER JOINT HAMBURGER BURGER JOINT CHEESEBURGER MINI BURGER JOINT CHEESEBURGER 36#38Domino's NPS HIGH QUALITY MEALS FASTER, SAFE DELIVERIES VALUE PRODUCT +SERVICE+ IMAGE INFLATION BUSTERS BRAND POSITIVE TECH NEW PRODUCTS THE VALUE TREE#39Domino's DOMINO'S VALUE TREE: STORE INITIATIVES (NPS) STORE INITIATIVES Delivery times remain industry-leading through fortressing, e-bikes and Domino's end-to-end ownership of the ordering experience Supply-chain initiatives, including the expansion of in-store dough making in Asia, will support operational efficiencies with offsetting savings Reduced delivery times are a key determinant of heightened product quality and customer satisfaction scores ■ Newly launched 'Club 1845': 18 minute delivery times and 4.5 star product ratings for the highest achievers each quarter ■ 17 stores have attained Club 1845 status for the entire FY YTD 63 stores are on track to reach Club 1845 in Q3 DOMINO'S 1845 ピザ全品 MIZUE STORE TOKYO, JAPAN CREW 持ち帰り Domin To hear from one of our Club 1845 stores, visit: https://vimeo.com/780168734/9847336012 38#40Domino's DOMINO'S VALUE TREE: BRAND POSITIVE DIGITAL ■ Domino's digital sales channels are performing strongly, led by the new- generation mobile application ■ The new app is delivering a record proportion of online sales App users demonstrate a higher Customer Lifetime Value (CLV) through increased order frequency Loyalty programs are driving positive customer sentiment in applicable markets DOMINO'S STORE OPERATIONS AND DIGITAL CHANNELS ARE PERFORMING WELL - PRODUCT DEVELOPMENT AND PRICING ARE MANAGEMENT'S PRIMARY FOCUS AREAS PRODUCT DEVELOPMENT ☐ Product development teams in APAC and Europe have developed menu additions offering new choices for existing customers, and options for new customers and occasions ■ These include MyBox (APAC), focused on the single customer occasion, and 'crispy fries' designed to be delivered (Europe) that are resonating strongly with customers in France and the Benelux WALLET GET DEALS WITHOUT THE ORDEAL NEW FIND IT IN THE APP 6:00 Domino's 20-7 WALLET NO MORE SEARCHING NO MORE MISSING OUT NO MORE FRUSTRATION 目 My Acc Menu bale) My Order GET THE APP FIND, SAVE & REDEEM IN ONE PLACE App-only specials, including the ability to save them in Domino's Wallet, drives higher CLV 39#41Domino's DOMINO'S VALUE TREE: INFLATION BUSTERS PRICING Menu and promotional pricing remains highly complex - balancing different cohorts, occasions and ordering channels Repeated buying cycles has provided Domino's additional insights into the affect of pricing changes on customer behaviour These insights are an important part of ongoing pricing adjustments, which will be required to both optimise franchisee margins and grow customer counts Where pricing has moved ahead of customer expectations - these will be offset with targeted special offers (including App-only deals) Stores may earn additional ticket where customers continue to see Domino's very strong relative value (e.g. carry-out in some markets) DOMINO'S HAS LAUNCHED FLEXIBLE, DIGITAL VOUCHERS THAT GIVE CUSTOMERS MORE CHOICE, CONTROL AND TRANSPARENCY OVER THEIR ORDERS A lower entry price: customers choose the meal and price that suits them This has been in test in ANZ since December and is now being rolled-out DOMINO'S IS WORKING WITH FRANCHISEES TO GET THE BALANCE RIGHT 2PIZZAS PLUS 2SIDES VALUE PIZZAS PICK UP FROM $17 UPGRADES VALUE MAX FROM $2⭑EA TO TRADITIONAL FROM $3*EA PREMIUM FROM $5 EA SIDES D 1.25L DRINKS FROM $1 EA DESSERTS FROM $2 EA CHEESY GARLIC BREAD CHICKEN SIDES FROM FROM $2 EA $3 EA Initial results show higher engagement, sales and net benefit to stores 40#42Domino's OUTLOOK ASIA PACIFIC | EUROPE#43Domino's GROUP - FUTURE OUTLOOK HISTORICAL STORE COUNT AND FUTURE OUTLOOK 5,000 4,000 3,736 3,227 2,454 2,596 2,795 H119 H120 H121 H122 H123 7,250 CY23 CY26-27 FY33 Europe ANZ Asia Group Milestones HISTORICAL UNDERLYING EBIT $M $153.4m $144.7m $115.6m $113.9m $108.3m H119 H120 H121 H122 H123 Europe ANZ Asia Global ■ Europe milestone 3,050 stores by 2033 Europe 2.2x current market size ANZ store target 1,200 by 2025-2028 - ANZ 1.3x current market size Asia milestone 3,000 stores by 2033 Asia 2.1x current market size Group milestone 7,250 stores by 2033 - Group 1.9x current market size Management remains active in pursuing suitable acquisitions, through its One Brand, One Focus strategy 42#44Domino's 3-5 YEAR GROUP OUTLOOK H121 H122 H123 Actual Actual Actual 3-5 Year Annual Outlook Same Store Sales Growth +8.5% +2.8% -0.6% +3-6% New Organic Store Additions +131 stores +4.7% of network +129 stores +4.0% of network +79 stores +2.1% of network +8-10% of network Net CAPEX (1) $36.4m $66.1m $65.4m $100-150m ■ Same Store Sales Growth is anticipated to be lower than 3-5 Year Outlook, as a result of most-recent tumultuous trading conditions ■ New Store Additions, are still anticipated to be strong, but may be below our 3-5 Year Outlook depending on short-term franchisee sentiment ■ Net CAPEX (excluding acquisitions) expected to be within our 3-5 Year Outlook Management Outlook provides an illustration of our medium-term annual growth expectations, but does not constitute specific earnings guidance 1) Excluding capital expenditure relating to acquisitions 43#45Domino's ◉ ■ CONCLUSION: PERFORMANCE Group Network Sales - were positive in Q2, however, not as strong as anticipated ■ Inflation - Domino's has seen a short-term decline in delivery customers and is rebalancing the value equation FX headwinds - c. $5m NPAT for H1, with the AUD strengthening against both the Yen and Euro ■ ■ ■ One fewer trading week - H123 included one less trading week than H122 (26 weeks vs. 27 weeks) Acquisitions - the newly acquired markets of Malaysia and Singapore are performing at expectations, with management intending to apply High Volume Mentality to store operations. Cambodia acquisition is expected to complete in H2 - Our businesses in Asia – are materially larger than pre-COVID, and will strengthen as a significant portion of the store network matures Customer Satisfaction - customer satisfaction scores are still high across the business, but it is clear that some price conscious customers have chosen to reduce frequency ■ Competitive on Price - we continue to be focused on ensuring we can provide best-in-class value and choice for our customers by delivering and evolving the Value Equation - to win new customers and rebuild frequency 44#46Domino's ◉ CONCLUSION: OUTLOOK WITH NEW MARKETS AND ORGANIC GROWTH, DOMINO'S IS NOW 1,140 STORES (44%) LARGER THAN H120 People - Domino's is confident in the power of our people to navigate these extraordinary times. Management is proud of their efforts to respond and lift our performance ■ Performance - DPE continues to drive performance of our Network, through various initiatives, including Flexible Vouchers, our new Native Ordering App, as well as targeted savings for stores and corporate overheads ◉ ☐ Same Store Sales Growth - Management anticipates one-year SSS growth may be lower than 3-5 Year Outlook, as a result of most-recent tumultuous trading conditions New Store Openings - are anticipated to be strong, but may be below our 3-5 Year Outlook of +8-10% of the network, depending on franchisee sentiment Price Transparency & Choice - The initial customer response to more transparent and flexible pricing is positive Scale - With an increase in customer order counts, our significantly larger network, and the maturing of corporate stores, the benefits of DPE's significantly larger scale will leverage to benefit customers, franchisees and shareholders THE FUTURE OF THE QSR INDUSTRY REMAINS CLEAR: LONG-TERM GROWTH THROUGH CONVENIENCE OPTIONS - LARGELY DELIVERY DOMINO'S PIZZA ENTERPRISES HAS THE STRATEGY, STORE FOOTPRINT, AND EXPANSION PLANS TO DELIVER ON THIS FUTURE 45#47Domino's DASHBOARDS ASIA PACIFIC | EUROPE#48Domino's EUROPE - DASHBOARD (EURO) Total Network Sales Online Sales H118 H119 H120 H121 H122 H123 H118 H119 H120 H121 H122 H123 +16.5% -1.2% +26.4% +15.3% +1.3% +13.8% +26.3% €398.0m €393.0m +9.4% +17.4% +20.6% €341.6m +12.6% €502.1m €508.8m +51.3% €435.7m €270.3m €382.8m €349.9m €214.0m €298.0m €177.5m +7.7% +6.4% +5.0% +2.3% +3.6% +0.3% Total Network Sales SSS% (1) 79.3% 77.2% 59.6% 70.6% 78.4% 61.2% Online Sales (2) Online % (3) Network Store Count Existing and New Network Sales H118 H119 H120 H121 H118 H119 H120 H121 H122 H123 H122 €502.1m H123 €508.8m 1,207 1,074 1,123 1,321 39 1,413 20 891 35 33 37 50 €298.0m €3.3m €349.9m €19.7m €382.8m €39.0m €435.7m €64.3m €109.3m €138.7m 856 1,041 1,086 1,157 1,282 1,393 €294.7m €330.3m €343.9m €371.4m €392.8m €370.1m +27.3% +21.8% +4.2% +3.7% +3.4% +4.5% +3.2% +10.2% +14.8% +1.5% +5.6% +1.1% (4) Existing Stores New Stores New Organic Store Growth % Existing Stores & Acquisitions New Stores New Stores % of Total 1) H123 closing same-store count was 967 out of 1,413 total stores (68.4%) 2) Including sales via aggregator platforms 3) 4) Online Sales percentage calculated as total Online Sales divided by total Network Sales New organic stores include all new stores opened after 03 July 2017 47#49Domino's EUROPE - REGION IN FOCUS GERMANY 416 TOTAL STORES H123 +8 NEW STORES AVERAGE NUMBER OF STORES PER FRANCHISEE: 2.4 (+0.1) POPULATION: 84.3M 203,000+ PEOPLE PER STORE BENELUX 486 TOTAL STORES H123 NIL NEW STORES AVERAGE NUMBER OF STORES PER FRANCHISEE: 2.6 (+0.0) POPULATION: 29.6M 61,000+ PEOPLE PER STORE FRANCE 484 TOTAL STORES H123 +11 NEW STORES AVERAGE NUMBER OF STORES PER FRANCHISEE: 3.0 (+0.0) POPULATION: 67.1M 139,000+ PEOPLE PER STORE 2 Number of Stores per Franchisee 23.3% 3-5 26.4% 6 or more H1 FY20 H1 FY21 H1 FY22 H1 FY23 5.5% 2 Number of Stores per Franchisee 24.7% 21.6% 9.9% 2 6 or more 3-5 H1 FY20 H1 FY21 H1 FY22 H1 FY23 DENMARK 27 TOTAL STORES H123 +1 NEW STORES POPULATION: 5.8M 215,000+ PEOPLE PER STORE Number of Stores per Franchisee 23.8% 26.5% 3-5 6 or more H1 FY20 H1 FY21 H1 FY22 H1 FY23 11.6% 48#50Domino's ASIA - DASHBOARD (AUD INCLUDING FX) Total Network Sales Online Sales H118 H119 H120 H121 H122 H123 H118 H119 H120 H121 H122 +11.8% H123 +16.4% +52.4% -5.2% +38.7% -9.3% $421.8m +23.5% +40.3% +16.9% $562.1m $377.3m $399.8m -7.2% $241.3m $483.1m $510.0m +25.4% $348.3m $282.1m -2.5% $140.7m $247.6m $176.5m +36.4% +4.8% +6.1% +3.5% -1.9% (1) Total Network Sales SSS% Network Store Count H118 H119 H120 H121 -6.6% 78.1% 58.3% 62.6% 71.1% 74.9% 78.4% H122 H123 H118 H119 Online Sales (2) Online % (3) Existing and New Network Sales H120 H121 H122 H123 1,417 $562.1m $483.1m $510.0m 742 503 550 10 493 31 519 ៩១ 642 1,043 243 314 68 1,103 600 674 800 $241.3m $3.8m $237.5m $282.1m $22.2m $259.9m $348.3m $64.0m $284.3m $202.5m $133.8m $197.3m $349.2m $359.7m $312.6m +10.6% +11.7% +7.6% +6.2% +36.0% +38.7% +27.7% +3.5% +2.1% +18.4% +1.6% +7.9% Existing Stores New Stores & Acquisitions 1) H123 closing same-store count was 886 out of 1,417 total stores (62.5%) 2) Including sales via aggregator platforms from FY20 onwards (4) New Organic Store Growth % Existing Stores & Acquisitions New Stores New Stores % of Total 3) 4) Online Sales percentage calculated as total Online Sales divided by total Network Sales New organic stores include all new stores opened after 03 July 2017 49#51Domino's ASIA - REGION IN FOCUS JAPAN 957 TOTAL STORES H123 +24 NEW STORES AVERAGE NUMBER OF STORES PER FRANCHISEE: 4.3 (+0.2) POPULATION: 126.2M 132,000+ PEOPLE PER STORE 2 Number of Stores per Franchisee 17.8% 37.0% 3-5 H1 FY20 H1 FY21 H1 FY22 H1 FY23 25.2% 181 TOTAL STORES H123 +11 NEW STORES AVERAGE NUMBER OF STORES PER FRANCHISEE: 4.1 (-0.3) POPULATION: 23.9M TAIWAN 132,000+ PEOPLE PER STORE 6 or more 2 Number of Stores per Franchisee 23.7% 3-5 26.3% 18.4% 6 or more 50 H1 FY20H1 FY21 H1 FY22 H1 FY23#52Domino's ASIA - REGION IN FOCUS CONTINUED MALAYSIA 241 TOTAL STORES H123 +1 NEW STORES POPULATION: 32.8M 136,000+ PEOPLE PER STORE 38 TOTAL STORES H123 NIL NEW STORES POPULATION: 5.5M 145,000+ PEOPLE PER STORE SINGAPORE 51#53Domino's ANZ - DASHBOARD (AUD) Total Network Sales Online Sales H118 H119 H120 H121 +5.7% H122 +6.4% +6.2% +3.5% +7.1% $557.8m $592.5m $613.2m $648.0m $689.6m H123 -0.3% $687.3m H118 H119 H120 H121 H122 H123 +9.7% +11.8% +8.4% +6.4% +12.1% $545.1m $496.9m -2.5% $531.3m $385.3m $417.6m $444.5m +3.7% +3.5% +5.1% +3.0% Total Network Sales 69.1% 70.5% 72.5% 76.7% 79.0% 77.3% +1.7% +1.7% SSS% (1) ■■Online Sales (2) ■■ Online % (3) Network Store Count Existing and New Network Sales H118 H119 H120 H121 H122 H123 H118 H119 H120 H121 799 830 831 846 863 906 23 $557.8m $5.0m $592.5m $31.6m $613.2m $42.2m $648.0m $53.7m H122 $689.6m $74.2m H123 $687.3m $89.8m 13 6 13 25 $552.7m $560.9m $571.0m $594.3m $615.4m $597.5m 774 817 825 833 860 883 +3.4% +1.6% +0.7% +1.6% +2.7% +5.3% +6.9% +8.3% +10.8% +13.1% +0.4% +0.9% Existing Stores New Stores 1) H123 closing same-store count was 767 out of 906 total stores (84.7%) 2) Including sales via aggregator platforms (4) New Organic Store Growth % Existing Stores & Acquisitions New Stores New Stores % of Total 3) 4) Online Sales percentage calculated as total Online Sales divided by total Network Sales New organic stores include all new stores opened after 03 July 2017 52#54Domino's ANZ - REGION IN FOCUS 906 TOTAL STORES H123 +23 NEW STORES AVERAGE NUMBER OF STORES PER FRANCHISEE: 2.2 (+0.0) POPULATION: 31.0M 34,000+ PEOPLE PER STORE 2 Number of Stores per Franchisee 23.5% 18.3% 3-5 6 or more H1 FY20 H1 FY21 H1 FY22 H1 FY23 6.4% 53#55Domino's APPENDIX ASIA PACIFIC | EUROPE#56Domino's APPENDIX 1 - INVESTOR RELATIONS CALENDAR ■ May - ASEAN Investor Day (virtual) ■ August 23 - DMP Full Year Results. ■ November 1 - DMP Annual General Meeting Clarification: FY22 Annual Report A graphic on page 15 of the Annual Report showing 'APAC 107.3 million pizzas sold' in FY22, reflected only ANZ, not the Asia/Pacific. Further, Domino's Pizza Enterprises Ltd has recently reviewed product classifications and menu hierarchies to obtain more accurate, globally consistent product meta-data. Accordingly, the updated numbers of pizzas sold, and prior comparable period was: APAC EU FY21 161.57M FY22 165.64M 80.50M 85.22M 55#57Domino's APPENDIX 2 - NETWORK STORE COUNT European stores H1 20 FY 20 H121 FY 21 H1 22 FY 22 H1 23 Franchised stores 1,042 1,060 1,105 1,174 1,198 1,267 1,278 Corporate stores 81 101 102 112 123 134 135 European Network Stores 1,123 1,161 1,207 1,286 1,321 1,401 1,413 Net stores added in period 26 64 46 125 35 115 12 ANZ stores Franchised stores 713 714 736 763 782 813 812 Corporate stores 118 119 110 100 81 70 94 ANZ Network Stores 831 833 846 863 863 883 906 Net stores added in period 6 8 33 30 0 20 23 23 Asia stores Franchised stores Corporate stores Asia Network Stores Net stores added in period 275 367 642 42 407 597 694 733 393 446 409 684 800 1,043 1,103 1,417 126 243 303 314 Consolidated number of stores Franchised stores 2,030 2,082 2,198 2,344 2,577 2,774 2,823 Corporate stores 566 586 597 605 650 613 913 Total Network Stores 2,596 2,668 2,795 2,949 3,227 3,387 3,736 Corporate store % 21.8% 22.0% 21.4% 20.5% 20.1% 18.1% 24.4% Net stores added in period 74 146 127 281 278 438 349 Europe as % of total stores Asia as % of total stores ANZ as % of Total Stores 43.4% 43.5% 43.2% 43.6% 40.9% 41.4% 37.8% 24.7% 25.3% 26.5% 27.1% 32.3% 32.6% 37.9% 32.0% 31.2% 30.3% 29.3% 26.7% 26.1% 24.3% ■ Europe: +20 new store additions, with -8 store closures ■ ANZ: +23 new store additions Asia: +36 new store additions, with +240 acquired stores relating to Malaysia and +38 acquired stores relating to Singapore ■ Group: +349 net stores added during the period (+357 new store openings, -8 closures) 56#58Domino's APPENDIX 3 - GROUP 3-YEAR PERFORMANCE DASHBOARD NETWORK SALES H123 NETWORK SALES $769.0m $1,97B $510.0m H123 NETWORK SALES GROWTH $161.7m $1,966.3m $687.3m $74.1m $148.4m $1,582.2m ORGANIC NEW STORE ADDITIONS 3-YEAR PERIOD STORE ADDITIONS 3-YEAR PERIOD NET STORE GROWTH +39 EU +9.7% +109 +339 STORES ANZ +4.7% +191 ASIA EU ANZ ASIA H120 EU ANZ ASIA H123 EU ANZ ASIA $25.6m H123 EBIT (1) UNDERLYING EBIT $63.4m $113.9M ($11.6m) H123 EBIT GROWTH NET CAPEX (INVESTING ACTIVITIES) H121 $10.3m $6.8m $10.8m $8.5m $36.4m $9.6m $115.6m $113.9m $5.4m ($5.0m) ($11.6m) H122 $28.5m EU $36.4m ANZ ASIA Global H120 EU ANZ ASIA Global H123 1) Underlying EBIT, excluding significant charges H123 $29.9m $21.0m $6.5m $10.1m $66.1m $23.3m $6.7m $5.5m $65.4m CAPEX which Recycles Digital Capex Stay in Business CAPEX Other Investments +29.8% 57#59Domino's APPENDIX 4 - GROUP P&L HIGHLIGHTS 2-Year Movement 3-Year Movement H1 22 Underlying H1 23 Underlying +/(-) H122 Underlying H121 Underlying +/(-) H121 Underlying H120 Underlying +/(-) H120 Underlying $ mil $ mil % $ mil % % % Network Sales 2,048.4 1,966.3 (4.0%) 1,843.0 6.7% 1,582.2 24.3% Revenue 1,206.6 1,154.5 (4.3%) 1,095.1 5.4% 905.8 27.5% EBITDA 212.8 182.3 (14.3%) 218.2 (16.5%) 176.7 3.2% Depreciation & Amortisation (68.0) (68.4) (0.5%) (64.7) (5.6%) (61.0) 12.0% EBIT 144.7 113.9 (21.3%) 153.4 (25.8%) 115.6 (1.5%) EBIT Margin 12.0% 9.9% 14.0% 12.8% Interest (6.7) (9.1) (36.0%) (7.2) (26.4%) (7.3) 23.7% NPBT 138.1 104.8 (24.1%) 146.2 (28.3%) 108.3 (3.2%) Tax Expense (41.8) (31.1) 25.6% (45.1) 30.9% (33.3) (6.6%) NPAT before Minority Interest 96.2 73.7 (23.4%) 101.2 (27.2%) 74.9 (1.7%) Minority Interest (4.9) (2.0) (59.0%) (4.7) 57.2% (2.5) (19.9%) NPAT 91.3 71.7 (21.5%) 96.4 (25.7%) 72.4 (1.0%) Performance Indicators EPS (basic) 105.5 cps 82.5 cps (21.8%) 111.4 cps (26.0%) 84.3 cps (2.2%) Dividend per Share 88.4 cps 67.4 cps (23.8%) 88.4 cps (23.8%) 66.7 cps 1.0% Euro average FX Yen average FX 0.630 0.662 81.924 93.738 58#60Domino's APPENDIX 5 - GROUP STATUTORY TO UNDERLYING RECONCILIATION H122 H122 H122 H123 Significant Statutory Underlying Statutory $ mil Charges $ mil $ mil $ mil H123 Significant Charges $ mil H123 (1) Underlying +/(-) H122 Underlying $ mil % Network Sales 2,048.4 2,048.4 1,966.3 1,966.3 (4.0%) Revenue 1,206.6 1,206.6 1,154.5 1,154.5 (4.3%) EBITDA 209.7 3.1 212.8 171.1 11.1 182.3 (14.3%) Depreciation & Amortisation (68.0) (68.0) (68.4) (68.4) (0.5%) EBIT 141.6 3.1 144.7 102.8 11.1 113.9 (21.3%) EBIT Margin 11.7% 12.0% 8.9% 9.9% Interest (6.7) (6.7) (9.1) (9.1) (36.0%) NPBT 135.0 3.1 138.1 93.7 11.1 104.8 (24.1%) Tax Expense (40.9) (0.9) (41.8) (27.8) (3.4) (31.1) 25.6% NPAT before Minority Interest 94.1 2.2 96.2 65.9 7.8 73.7 (23.4%) Minority Interest (4.9) 0.0 (4.9) (2.0) 0.0 (2.0) 59.0% NPAT 89.1 2.2 91.3 63.9 7.8 71.7 (21.5%) Performance Indicators EPS (basic) 103.0 cps 2.5 cps 105.5 cps 73.5 cps 9.0 cps 82.5 cps (21.8%) Dividend per Share 88.4 cps 88.4 cps 67.4 cps 67.4 cps (23.8%) Euro average FX Yen average FX 0.630 81.924 1) H123 underlying compared to H122 underlying, excluding significant charges 0.630 0.662 81.924 93.738 0.662 93.738 59#61Domino's APPENDIX 6 - GROUP LITIGATION UPDATE AU FAST FOOD INDUSTRY AWARD CLASS ACTION ☐ The Company rejects the allegations and has been defending the action vigorously ☐ ☐ The trial was held in November 2022 and a judgment is not expected to be delivered before June 2023 The statement of claim does not quantify any loss by the lead applicant or the alleged group. The expert evidence at trial concerned the lead applicant's claim only, and no other group members Accordingly, the Company remains unable to determine any potential obligation or financial impact arising from the alleged damages claimed in the proceeding SPEED RABBIT PIZZA Domino's Pizza France is involved in various separate proceedings: In the main claim, after winning at first instance and in the Court of Appeal, in January 2020 the Cour de Cassation set aside parts of the Court of Appeal's decision. The matter was referred back to the Court of Appeal and was heard in January 2022. In May 2022, the Court of Appeal issued a decision making no findings on the allegations and appointing an independent expert whose mission is to provide a report to inform the Court on the allegations. The expert is working on the report with no known due date for the report. In other proceedings, the Court has ruled in favour of DPF at first instance and those decisions are in various stages of appeal. For two of these cases, appeals by SRP were heard before the Court of Appeal of Paris. In November 2022 the Court appointed an expert whose mission is to provide a report to inform the Court on the allegations. In one final proceeding the matter was heard at first instance in December 2022. In February 2023 the Court issued a judgment appointing an independent expert whose mission is to provide a report to inform the Court on the allegations. 60#62Domino's APPENDIX 6 - GROUP LITIGATION UPDATE CONTINUED PIZZA SPRINT Multiple separate proceedings have been brought in relation to matters which occurred before the Company's ownership of the Pizza Sprint company: In one proceeding brought by the French Ministry for the Economy and Finance, the Court ruled in favour of DPF. The decision was appealed by the Ministry. In January 2022 the Court of Appeal ruled in favour of the Ministry, imposing a €500k fine, €60k to six former Sprint franchisees and €20k in procedural costs. DPF is appealing the decision in the Cour de Cassation (Supreme Court) with no hearing date yet. In other proceedings brought by former Sprint franchisees, DPF was ordered to pay a total of about €3 million at first instance. DPF appealed these decisions. The appeals were heard in November 2022. In February 2023 the Court of Appeal issued a decision requiring DPF to pay a total of about €2.1m to certain former Sprint franchisees. As the decision has only recently been issued, DPF is currently considering it, including grounds for appeal to the Cour de Cassation (Supreme Court). 61#63Domino's APPENDIX 7 - GROUP FINANCIAL RATIOS H122 FY22 H123 H122 FY22 H123 Return on Equity Return on Capital Employed (1) Underlying Underlying Underlying Underlying Underlying Underlying $ mil $ mil 12 Month Rolling NPAT (Before Minority Interest) 193.2 173.0 $ mil 150.4 12 Month Rolling EBIT $ mil 285.0 $ mil 262.9 $ mil 232.1 Shareholders equity (1) 402.8 408.5 512.8 Total Assets 2,415.4 2,392.1 2,691.8 Less: Investment in Lease Assets (417.1) (431.2) (455.7) ROE 48.0% 42.3% 29.3% Total Assets (Net of Investment in Lease Assets) 1,998.2 1,960.9 2,236.1 Trade and other payables (341.9) (325.1) (326.8) Other financial liabilities (29.3) (21.2) (77.3) Current tax liabilities (28.2) (23.3) (21.3) Provisions Contract liabilities Less: Current Liabilities (18.1) (21.5) (21.3) (3.1) (3.1) (3.2) (420.6) (394.1) (449.9) Capital Employed 1,577.6 1,566.8 1,786.1 ROCE 18.1% 16.8% 13.0% Summary Summary ROE lower, as a result of lower profits and a small dilution from the recent capital raising ROCE lower, due to lower EBIT, combined with investment in new and existing international markets, and Corporate stores Excluding Put/Call Option $122.7m 1) Shareholder equity is based on the average balance during respective periods 1) Balance Sheet figures are based on the average balance during respective periods 62#64Domino's APPENDIX 8 - GROUP FINANCIAL RATIOS CONTINUED H122 FY22 H123 H122 FY22 H123 Cash Conversion Movement in Working Capital Underlying Underlying Underlying $ mil $ mil $ mil $ mil $ mil $ mil Operating cash flow before interest & tax 140.0 283.7 157.9 Trade and other receivables (5.9) (16.0) (11.5) Trade and other payables (29.2) (44.0) 24.0 EBITDA 212.8 396.5 182.3 Inventories (15.4) (3.7) (16.7) Other current assets (6.6) (13.8) (7.4) Cash conversion 65.8% 71.6% 86.6% Total Change in Working Capital (57.2) (77.5) (11.6) Summary Summary Cash Conversion higher, primarily due to stronger operating cash flows Working Capital is $11.6m higher than FY22. Primarily as a result of additional build-up of equipment and food inventories due to lower than planned sales and store openings in Europe & Japan. Expect this will unwind in coming 6 months 63#65Domino's APPENDIX 9 - GROUP BANKING COVENANT RATIOS Interest Coverage H122 Underlying FY22 Underlying Pre AASB16 Pre AASB16 H123 Underlying Pre AASB16 Net Debt (¹) $ mil $ mil $ mil $ mil H122 Underlying Pre AASB 16 $ mil FY22 Underlying Pre AASB 16 H123 Underlying Pre AASB 16 $ mil 12 Month Rolling EBITDA (ex AASB16) 362.6 339.7 310.8 Non-current borrowings 608.0 622.6 711.8 Plus: Current borrowings 6.5 38.0 110.5 12 Month Rolling Interest (ex AASB16) (10.0) (10.1) (12.5) Plus: Capitalised borrowing costs 4.6 3.8 5.2 Interest Coverage (multiple) 36.3x 33.7x 24.8x Less: DPG MI borrowings (20.3) (16.9) (17.3) Banking Covenant > 3.0x Less: Cash and cash equivalents Net Debt (107.6) (76.9) (143.7) 491.2 570.7 666.5 12 Month Rolling EBITDA (ex AASB16) Net Leverage Ratio (x) 362.6 339.7 310.8 1.4x 1.7x 2.1x Banking Covenant <3.0x Summary ☐ Interest Coverage Ratio lower, due to lower EBITDA Summary ☐ Net Debt increases by $95.8m vs. FY22, as a result of the Malaysia and Singapore acquisitions ($202.8m), partly offset by $163.2m net equity raising Net Leverage ratio increases, primarily as a result of an increase in net debt (above), attributable to recent Malaysia and Singapore acquisition The following acquisition payments are anticipated in future periods: Germany MI, acquisition payment of circa $122.7m 1) Current and Non-current borrowings include historic Finance leases under legacy leasing standard, per banking covenant facilities arrangement 64#66Domino's APPENDIX 10 - GROUP NETWORK & SAME-STORE CALCULATION ☐ Same Store Sales are calculated weekly, measured in local currency ◉ ✓ Same Store Sales is the process of comparing year-on-year growth of existing, mature, stores ✓ Stores are included after two years of trading (either two years of DPE, or one year pre-acquisition plus one year of DPE) ✓ Where a delivery territory is fortressed by the opening of a new store, both the existing and new store(s) are excluded until two years of like-for-like trading data is collected ✓ During COVID-19 - stores that were closed for greater than a week are not included in Same Store Sales calculations for the period of their closure ✓ The above provides a normalised estimate of performance from a like-for-like group of stores that continued to trade at a point. in time Network Sales are calculated in both local currency and AUD ✓ Network Sales growth includes sales for all stores ✓ Stores are included from the first day of trading ✓ Where a delivery territory is fortressed, the Network Sales from both stores are included at all times ✓ During COVID-19 - closed stores have zero Network Sales OPE HAS TAKEN A CONSISTENT APPROACH TO MEASURING SSS AND NETWORK SALES GROWTH SINCE LISTING 65#67Domino's DISCLAIMER AND IMPORTANT INFORMATION ◉ ◉ ■ Domino's Pizza Enterprises Limited (Domino's) advises that the information in this presentation contains forward looking statements which may be subject to significant uncertainties outside of Domino's control Domino's does not undertake any obligation to provide recipients of this presentation with further information to either update this presentation or correct any inaccuracies While due care has been taken in preparing these statements, no representation or warranty is made or given as to the accuracy, reliability or completeness of forecasts or the assumptions on which they are based Actual future events may vary from these forecasts and you are advised not to place undue reliance on any forward looking statement A number of figures in the tables and charts in this presentation pack have been rounded to one decimal place. Percentages (%) and variances have been calculated on actual figures Statutory Profit and Underlying Profit: ■ Statutory profit is prepared in accordance with the Corporations Act 2001 and Australian Accounting Standards (AASB), which comply with International Financial Reporting Standards (IFRS) Underlying profit is the Statutory profit contained in Appendix 4D of the Domino's Financial Report, adjusted for significant items specific to the period. Comparisons to prior periods in financial statements are generally made on an underlying basis, rather than statutory. Where highlighted in this document, Statutory results have been adjusted for significant items (as shown in previous Market Presentations) Underlying Profit after tax is reported to give information to shareholders that provides a greater understanding of the performance of the Company's operations. DPE believes Underlying Profit after tax is useful as it removes significant items thereby facilitating a more representative comparison of financial performance between financial periods. Underlying Profit is a non-IFRS measure which is not subject to audit or review 66