DPZ Investor Presentation
MODEL FUNCTIONS WELL WITH LEVERAGE
Outstanding Debt:
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~$4.1 billion total (completed latest recapitalization in November 2019)
New debt added includes $675 million at a rate of 3.67%
Have Used Leverage and Free Cash Flow to:
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Buy Back Shares
•
$305 million in 2020
$25.0 million 2021 YTD as of 2/18/21
$594 million in 2019
As of Q4 2020
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Existing 2018 debt of $825 million
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Existing 2017 debt of $1.6 billion in fixed rate notes
and $300 million in variable rate notes
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Existing 2015 debt of $800 million
➤ Blended rate of total outstanding notes is ~3.8% as of Q4 2020
Debt-to-EBITDA ratio at ~6.0x upon 2019 recap completion
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3-6x is stated target range
Next par call date:
➤ October 2022 ($420 million 2018 notes, due 2025)
($774 million 2015 notes, due 2025)
$591 million in 2018
$1.06 billion in 2017
$1 billion repurchase authorization as of 2/25/21
Pay Dividends
Quarterly dividends:
➤ $122 million (2020)
$105 million (2019)
$92 million (2018)
➤ $84 million (2017)
Special dividends in 2007 and 2012
DPZ INVESTOR PRESENTATION 22View entire presentation