February Trading update & Investor Q&A

TRADING UPDATE

• H1 25 underlying NPBT expected to be between $84m and $86m1, within our guidance range.

• Comprehensive strategy review underway including delivering a value creation plan and market review to enhance performance, with key focus areas including Japan and France.

• Domino’s will close 205 loss-making stores2 (172 in Japan) to sharpen market focus and improve profitability, including $15.5m in estimated annualised savings from store closures and accelerated refranchising, with a one-off cost of in the region of $97m (~$37.4m cash component).

• Net Debt increased by $15m to $705.1m at H1, with an underlying reduction in net debt of $31.4m, offset by $46.4m in FX translations. Comfortably below banking covenant thresholds.

• Dividend: Domino’s presently intends to determine a 55.5 cent per share interim dividend (unfranked), subject to a fully underwritten DRP.

• H1 Group Same Store Sales (SSS) of -0.6% | H2 SSS (first five weeks) +4.3%3.

[Announcement - PDF]

[Investor Q&A - mp3 audio]

[Investor Q&A transcript - PDF]