2012 Annual Report - Domino's Pizza

CHAIRMAN’S
message
Embracing technology and improving
our core product offering were two
significant strategies Domino’s Pizza
Enterprises Ltd embraced during the
2011-12 Financial Year to ensure the
Company continued to deliver
robust results.
Our commitment to investing for the future
and enhancing the customer experience saw
Domino’s exceed sales expectations, particularly
in a challenging economic environment.
During the 12 months to 1 July 2012,
Domino’s added 62 stores to the network
which included 38 stores across the European
market, while a further 24 were opened in
Australia and New Zealand. During the year,
the 200th store opened in France, highlighting
a significant milestone for our continued
growth in the market.
At year end Domino’s store count was 908
with 559 stores across Australia and New
Zealand and 349 across France, Belgium and
The Netherlands.
Solid performances across the European and
Australian and New Zealand markets helped
deliver a Net Profit After Tax of $26.9 million,
up 25.7% on full year 2011.
The 2011-12 Financial Year profit was the
result of strong Total Network Sales of $805.3
million, an increase of 7.9% on the previous
full year. This was generated by strong Same
Store Sales which grew 6.5% above the
previous year’s double digit growth of 11%.
Our continued strong growth and earnings
meant the Company’s balance sheet remained
robust with a positive Net Cash position of
+$26.3 million.
Domino’s will pay shareholders a final fullyfranked
dividend of 14.1 cents per share, in
addition to the interim dividend of 13 cents
per share. This brings the full year dividend
to 27.1 cents reflecting a 70.2% payout ratio,
which represents an increase of 23.7% on the
previous year.
Strong promotions around our product
improvements as well as digital innovation
- including new product offerings across all
countries and the enhancement of our digital
platforms - meant new and existing customers
had more reasons to choose Domino’s.
Domino’s success across Australia,
New Zealand, France, Belgium and The
Netherlands would not have been achieved
without our experienced senior management
who have focused on delivering marketleading
initiatives which continually set
Domino’s apart from the competition.
Our people are our most valuable asset and
Domino’s will remain committed to developing
and investing in our franchisees, managers and
team members.
Looking forward, a key element of the
Company’s strategy is further developing our
digital competitive advantage and thinking
outside the box for new product development.
The support and commitment of our
shareholders will ensure Domino’s Pizza can
continue to grow and deliver solid financial
performance in years to come. On behalf of the
directors, I thank you for this support and look
forward to sharing future milestones with you.
Ross Adler
ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES limited 5