DPZ Investor Presentation
MODEL FUNCTIONS WELL WITH LEVERAGE
Outstanding Debt:
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~$5 billion total (completed latest recapitalization in April 2021)
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Existing 2021 debt of $1,845.4 million
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Existing 2019 debt of $664.9 million
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Existing 2018 debt of $802.3 million
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Existing 2017 debt of $965.0 million
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Existing 2015 debt of $762.0 million
Blended rate of total outstanding notes is ~3.8% after the 2021
recapitalization transaction
Debt-to-EBITDA ratio at ~5.5x
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Next par call date:
October 2022 ($415 million 2018 notes, due 2025)
($766 million 2015 notes, due 2025)
Have Used Leverage and Free Cash Flow to:
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Buy Back Shares
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~$1.1 billion in 2021 YTD
$1.0 billion under accelerated share repurchase
transaction
~$105 million in open market share repurchases
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$305 million in 2020
- $699 million in 2019
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$591 million in 2018
$1.06 billion in 2017
Pay Dividends
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Quarterly dividends:
~$71 million (paid in Q2 & Q3 2021)
$122 million (2020)
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$105 million (2019)
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$92 million (2018)
$84 million (2017)
As of Q3 2021
Special dividends in 2007 and 2012
DPZ INVESTOR PRESENTATION 22View entire presentation