Domino's Pizza Enterprises Ltd (OTCPK:DMZPY)
$ 11.77 0 (0%) Market Cap: 2.18 Bil Enterprise Value: 3.10 Bil PE Ratio: 34.24 PB Ratio: 5.45 GF Score: 73/100
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Full Year 2024 Domino's Pizza Enterprises Ltd Earnings Call Transcript

Aug 21, 2024 / 12:30AM GMT
Release Date Price: $9.49

Key Points

Positve
  • Domino's Pizza Enterprises Ltd (DMZPY) reported a record profit year for its Australia and New Zealand business, with an EBIT increase of $11.7 million.
  • The company successfully exited the Danish market, contributing to a $17.9 million EBIT increase in Europe.
  • Franchise partner profitability grew by 6.7%, highlighting a focus on unit economics and restructuring efforts.
  • Domino's Pizza Enterprises Ltd (DMZPY) achieved significant cash flow improvements, reducing net debt by $148.6 million and lowering the net leverage ratio to 2.35 times.
  • The company reported a 7.5% increase in online sales, driven by digital platform enhancements and global media partnerships.
Negative
  • The Asian business experienced a decline, with EBIT down $17.3 million, reducing margins by 150 basis points.
  • Domino's Pizza Enterprises Ltd (DMZPY) faced challenges in France and Japan, with underperformance impacting overall financial results.
  • Interest costs increased by 56% due to Central Bank rate hikes in Europe and ANZ, affecting debt funding costs.
  • The company incurred non-recurring costs totaling $44.2 million, including store closures and employee-related expenses.
  • Same-store sales growth was negative in Japan, and the company is still rolling over geopolitical impacts in Malaysia.
Nathan Scholz;s Pizza Enterprises Ltd;Chief Communications and Investor Relations Officer;Donald Meij;
Domino;Domino

'-

Good morning and welcome to the Domino's Pizza Enterprises full-year 2024 financial results. I can see the attendees are now inside of the meeting and so we will get started.

My name is Nathan Scholz. I'm the Head of Investor Relations and Communications. Joining us on the call today, our Group CEO and Managing Director, Mr. Don Meij; our Group CFO, Richard Coney; our CEO of Europe, Andre ten Wolde; our CEO of Asia, Josh Kilimnik.

And I'm also very delighted to welcome other guests from overseas, our CEO of France, Joel Tissier, who's dialing in very early hours for us; Martin Steenks, our CEO of Japan, who is joining us in Australia on the road-show at this time, and a very warm welcome to our new ANZ CEO, Kerri Hayman. So I'm sure everyone will get the opportunity to ask your questions today.

So with that, I'm going to hand over to our Group CEO and Managing Director, Mr. Don Meij.

- '

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