2012 Annual Report - Domino's Pizza

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KEY FINANCIAL INDICATORS 2006 2007 2008 2009 2010 2011 2012 NETWORK SALES 359.4 518.9 591.2 676.4 694.3 746.4 805.3 Revenue 172.9 230.1 229.6 239.0 236.1 246.7 264.9 EBITDA 24.7 22.0 25.3 28.3 32.5 39.1 48.1 Depreciation & amortisation (6.0) (6.8) (6.2) (6.4) (8.0) (8.7) (10.0) EBIT 18.7 15.2 19.1 21.8 24.5 30.4 38.1 Interest (1.6) (2.9) (2.1) (1.6) (0.8) (0.7) (0.5) NPBT 17.1 12.3 17.0 20.3 23.7 29.7 37.6 Tax (4.1) (3.2) (5.2) (4.9) (5.9) (8.2) (10.7) PRO-FORMA NPAT 13.0 9.1 11.8 15.4 17.8 21.4 26.9 After tax share issue costs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 NPAT 13.0 9.1 11.8 15.4 17.8 21.4 26.9 EARNINGS PER SHARE (BASIC) 21.7 14.8 18.4 22.6 26.2 31.3 38.9 DIVIDENDS PER SHARE 10.9 10.9 10.9 12.4 17.8 21.9 27.1 KEY OPERATING DATA NETWORK SALES GROWTH % 17.4% 44.4% 13.9% 14.4% 2.6% 7.5% 7.9% REVENUE GROWTH % 29.6% 33.1% (0.2%) 4.1% (1.2%) 4.5% 7.4% EBITDA GROWTH % 38.8% (10.9%) 15.0% 11.7% 15.1% 38.3% 48.0% EBITDA MARGIN % 14.3% 9.6% 11.0% 11.8% 13.8% 15.8% 18.2% EBIT MARGIN % 10.8% 6.6% 8.3% 9.1% 10.4% 12.3% 14.4% Franchised stores 301 533 629 669 717 760 796 Corporate stores 137 130 112 107 106 106 112 TOTAL NETWORK STORES 438 663 741 776 823 866 908 Corporate store % 31.3% 19.6% 15.1% 13.8% 12.9% 12.2% 12.3% The above table has not been audited. 2 ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES LIMITED
CORPORATE GOVERNANCE STATEMENT OVERVIEW Corporate Governance is an important matter to Domino’s Pizza Enterprises Limited (“DPE Limited” or the “Company”) and the Board of Directors (the “Board”). The Board endorses the 2nd edition of the Australian Securities Exchange (“ASX”) Corporate Governance Council’s Corporate Governance Principles and Recommendations with 2010 Amendments (“ASX Principles”) originally issued by the ASX Corporate Governance Council in August 2007. Set out below is a table describing the various ASX Principles and statements as to the Company’s compliance or otherwise with them. Terms used in the table have the meanings given to them in the ASX Principles unless otherwise defined. Principle No. Best Practice Recommendation Principle 1 – Lay solid foundations for management and oversight 1.1 Establish the functions reserved to the Board and those delegated to senior executives and disclose these functions. Compliance Refer to page 5 Reason For Non-Compliance Not applicable 1.2 Disclose the process for evaluating the performance of senior executives. Refer to page 14 Not applicable 1.3 Provide the information in the Guide to reporting on Principle 1. Refer to page 5 & 14 Not applicable Principle 2 – Structure the Board to add value 2.1 A majority of the Board should be independent directors. Refer to page 5 Not applicable 2.2 The Chair should be an independent director. Refer to page 5 Not applicable 2.3 The roles of the Chair and Chief Executive Officer should Refer to page 5 Not applicable not be exercised by the same individual. 2.4 The Board should establish a nomination committee. Refer to page 6 Not applicable 2.5 Disclose the process for evaluating the performance of the Refer to page 9 Not applicable Board, its committees and individual directors. 2.6 Provide the information in the Guide to reporting on Principle 2. Refer to page 5, 6 & 9 Not applicable Principle 3 – Promote ethical and responsible decision-making 3.1 Establish a code of conduct and disclose the code or summary of the code as to: Refer to page 6 Not applicable • the practices necessary to maintain confidence in the Company’s integrity • the practices necessary to take into account their legal obligations and the reasonable expectations of their stakeholders • the responsibility and accountability of individuals for reporting and investigating reports of unethical practices. 3.2 Establish a policy concerning diversity and disclose Refer to page 7 Not applicable the policy or a summary of that policy. 3.3 Disclose in each Annual Report the measurable objectives for Refer to page 7 Not applicable achieving gender diversity set by the Board in accordance with the Diversity Policy and progress towards achieving them. 3.4 Disclose in each Annual Report the proportion of women employees in the whole Refer to page 7 Not applicable organisation, women in senior executive positions and women on the Board. 3.5 Provide the information in the Guide to reporting on Principle 3. Refer to page 6 & 7 Not applicable Principle 4 – Safeguard integrity in financial reporting 4.1 The Board should establish an audit committee. Refer to page 6 Not applicable 4.2 The audit committee should be structured so that it: Refer to page 6 Not applicable • consists only of non-executive directors • consists of a majority of independent directors • is chaired by an independent Chair, who is not Chair of the Board • has at least three members. 4.3 The audit committee should have a formal Charter. Refer to page 6 Not applicable 4.4 Provide the information in the Guide to reporting on Principle 4. Refer to page 6 Not applicable Principle 5 – Make timely and balanced disclosure 5.1 Establish written procedures designed to ensure compliance with ASX Listing Rule Refer to page 8 Not applicable disclosure requirements and to ensure accountability at a senior executive level for that compliance and disclose those policies or a summary of those policies. 5.2 Provide the information in the Guide to reporting on Principle 5. Refer to page 8 Not applicable ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES LIMITED 3
Page 1 and 2: Theatre Of Food ANNUAL REPORT 2012
Page 3 and 4: RECORD GROWTH IN EUROPE - TOTAL NET
Page 5 and 6: CHAIRMAN’S message Embracing tech
Page 7 and 8: Financial PERFORMANCE Investing in
Page 9 and 10: Digital Australia and New Zealand O
Page 11 and 12: New stores new designs Australia an
Page 13 and 14: The Future We remain focused and de
Page 15 and 16: Healthier CHOICES A rally to health
Page 17: Healthier ingredients Domino’s pr
Page 20 and 21: Theatre Of Food For THE LOve of FOO
Page 22 and 23: Connecting Through technology Techn
Page 24 and 25: FRANCE AND BELGIUM To interact with
Page 26 and 27: Domino’s Pizza Enterprises Ltd 8t
Page 30 and 31: CORPORATE GOVERNANCE STATEMENT CONT
Page 36 and 37: DIRECTORS’ REPORT The directors o
Page 38 and 39: DIRECTORS’ REPORT CONTINUED Share
Page 40 and 41: DIRECTORS’ REPORT CONTINUED REMUN
Page 42 and 43: DIRECTORS’ REPORT CONTINUED REMUN
Page 44 and 45: DIRECTORS’ REPORT CONTINUED BONUS
Page 46 and 47: DIRECTORS’ REPORT CONTINUED The f
Page 48 and 49: AUDITOR’S INDEPENDENCE DECLARATIO
Page 50 and 51: INDEPENDENT AUDITOR’S REPORT CONT
Page 53 and 54: INDEX TO THE FINANCIAL REPORT CONTE
Page 55 and 56: CONSOLIDATED STATEMENT OF FINANCIAL
Page 57 and 58: CONSOLIDATED STATEMENT OF CASH FLOW
Page 59 and 60: 2.2 Standards and Interpretations a
Page 61 and 62: 3. SIGNIFICANT ACCOUNTING POLICIES
Page 63 and 64: 3.8.5 Dividend and interest revenue
Page 65 and 66: For certain categories of financial
Page 67 and 68: 3.20 Impairment of tangible and int
Page 69 and 70: 4. CRITICAL ACCOUNTING JUDGEMENTS A
Page 71 and 72: 6.3 Segment assets and liabilities
Page 73 and 74: 10. INCOME TAXES 10.1 Income tax re
Page 75 and 76: 10.4 Deferred tax balances 2012 OPE
Page 77 and 78: 11. PROFIT FOR THE YEAR FROM CONTIN
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13. TRADE AND OTHER RECEIVABLES Tra
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Ageing of loans to franchisees Amou
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18. PROPERTY, PLANT AND EQUIPMENT 2
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Key assumptions The key assumptions
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22. TRADE AND OTHER PAYABLES Trade
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26. OTHER LIABILITIES 2012 $’000
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29. RESERVES Foreign currency trans
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32.1.1 Gearing ratio Debt (i) 14,04
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The following table details the val
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32.9 Liquidity risk management The
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The following share-based payment a
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34. KEY MANAGEMENT PERSONNEL COMPEN
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The compensation of each member of
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Executive share options of Domino
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36. ACQUISITION OF BUSINESSES NAME
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37.1 Reconciliation of profit for t
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43. PARENT ENTITY INFORMATION 43.1
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TWENTY LARGEST HOLDERS OF QUOTED EQ
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CORPORATE DIRECTORY DIRECTORS Ross
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ANNUAL REPORT 2012 DOMINO’S PIZZA
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2012 Annual Report - Domino's Pizza

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