2012 Annual Report - Domino's Pizza

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New online ordering platforms in Australia and New Zealand, coupled with the launch of our new and improved Classic Crust, resulted in Same Store Sales growth of 6.6% during the 12 months to 1 July 2012, rolling over double digit growth of 13.2%. In Europe, all three countries performed well to achieve Same Store Sales growth of 6.3%, despite rolling over 5.9% growth from last year. The year’s results were achieved with solid Group Network Sales of $805.3 million, up 7.9% on the previous year. Our continued success across Australia, New Zealand, France, Belgium and The Netherlands has ensured a strong balance sheet with a positive Net Cash position of +$26.3 million for the full year. As a result of strong earnings, we announced to shareholders a final fully-franked 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, and which represents an increase of 23.7% on the previous year. Record organic store growth in Europe enabled the market to achieve Network Sales growth of 12.2% for 2011-12. Our Australian and New Zealand market reached Network Sales growth of 9.1%. Domino’s EBITDA for the 2011-12 was also strong with growth of 23.1% to $48.1 million. Europe recorded EBITDA growth of 68.1%. 8 ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES limited
Digital Australia and New Zealand Our determination to be the market leader for digital innovation has seen us achieve 50% of sales online with half of these orders coming from mobile devices. In the second half of 2011-12 Domino’s launched two new online ordering platforms, Facebook ordering and a dedicated Catering tool for large groups, both of which will help drive our digital growth over the coming year. We now offer custom-built ordering applications across seven ordering platforms, giving control to our customers no matter where they are or what they are doing. Later in the 2012 calendar year we will launch our iPad App, featuring ‘Pizza Chef’, a fun and interactive way to create the perfect pizza. As well as growing sales and ordering through digital, we are also more focused than ever on receiving live feedback from our customers about their ordering and pizza experience. At the completion of an online order, customers can provide real-time feedback about their ordering experience and product directly to the store. This tool has already helped to significantly improve product quality and service times. Europe Our European market is benefitting from key digital learnings in Australia and further investment will see this market develop significantly in the online ordering space. The Netherlands and France are actively building their online ordering capabilities with the number of orders growing by the week. Soon, France will launch an iPhone Application, which will be the first mobile ordering device to launch in our European market. ANNUAL REPORT 2012 DOMINO’S PIZZA ENTERPRISES limited 9
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: Financial PERFORMANCE Investing in
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 28 and 29: KEY FINANCIAL INDICATORS 2006 2007
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
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2.2 Standards and Interpretations a
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3. SIGNIFICANT ACCOUNTING POLICIES
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3.8.5 Dividend and interest revenue
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For certain categories of financial
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3.20 Impairment of tangible and int
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4. CRITICAL ACCOUNTING JUDGEMENTS A
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6.3 Segment assets and liabilities
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10. INCOME TAXES 10.1 Income tax re
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10.4 Deferred tax balances 2012 OPE
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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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