Domino’s Pizza Enterprises Ltd Financial Results For the 6 months ended December 2022

Highlights Europe

·  Network Sales Growth DPE-Europe: +1.3%

·  EBIT: -45.8%

·  Price increases to the customers has seen in a decline in customer counts, particularly within delivery.

· Increased investment in  the European Network (stores and head office) to deliver long term growth also results in short term impact on margins.

· Franchisee performance for the December quarter in Europe was resilient giving the trading conditions, with the Netherlands and Germany being the leaders in Europe.

· Domino’s For Good (ESG): submitted our Science Based Targets and developed an environmental strategy and climate roadmap

· EU: Strong advances on animal welfare through new initiatives and partnerships. Our work has been recognized by Peta and CIWF.

Berchem, 28 February 2023 -Domino's Pizza Enterprises (DPE), parent company of Domino's Pizza Belgium and Luxembourg, intends to return to higher same store sales and earnings in the second half, by delivering increased choice and value for new and existing customers. This was announced Wednesday the 22th of February by the world's largest pizza chain during the publication of its half-year results. Domino's Pizza Enterprises Limited (ASX: DMP) reported that European operations of the company faced significant geopolitical disruption, and the highest levels of inflation across the group. Sales were +1.3% higher in local currency, however earnings were materially lower due to the impact of inflation on the cost base and lower volumes.

Customer value

Domino’s Pizza will continue to focus on customer value:  good product + good service + image at an affordable price. DPE Europe CEO André ten Wolde explains: “Our European operations have been affected by the high levels of inflation all our markets. Passing through input costs has seen a decline in customer frequency across multiple markets, particularly in delivery. Nonetheless, delivery orders remain elevated vs pre-COVID, driven by new technology (app) and some great new product development. Fortunately, the customer demand globally for freshly prepared, affordable out-of-home meals, remains strong. This gives us confidence that the power to overcome these short-term challenges.”

Domino’s Belgium and Luxembourg

Anneke de Groot, CEO BeLux: "In recent years we have grown tremendously in Belgium. In the number of stores, but we have also expanded our menu. The recent introduction of oven fries shows great results. In the coming six months we will continue to focus in Belux on providing customer value and at the same time we want to do the right thing, for people, the environment and society."

Domino’s For Good (ESG)

The Company’s ESG program, Domino’s for Good, continued to make significant progress in H1. Domino’s has reconfirmed its commitment to take action on reducing greenhouse gas emissions according to science-based targets, which focus on the company’s main impact areas: Sustainable Stores & Operations, Responsible Sourcing and Sustainable Product Innovation.

#End of press release#