DPEU Dp Eurasia N.v.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTOOR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

FOR IMMEDIATE RELEASE

                                                                                                                                                                16 February 2024

DP Eurasia N.V.

("DP Eurasia" or the "Company")

Update on FY2023 performance

Jubilant FoodWorks Limited ("Jubilant") has today shared a presentation with the National Stock Exchange of India (the "NSE") and the Bombay Stock Exchange (the "BSE") on which it is dual listed (the "Presentation").

DP Eurasia announces the following information included within the Presentation:

1.    The Company's store count as at 31 December 2023:

a.    Domino's Turkey: 690

b.    Domino's Azerbaijan: 10

c.     Domino's Georgia: 7

d.    COFFY: 89

2.    COFFY (DP Eurasia's homegrown brand), is profitable, operates in a market with high frequency of coffee consumption and is on the path to become one of the top five coffee brands in Turkey by the end of CY 2024

3.    The Company's net debt, post IFRS-16, as at 31 December 2023: 466 TRY million

4.    System Sales in TRY mn:

a.    Pre-IAS-29: 6,136 (growth of 102.0% versus 31 December 2022)

b.    Pre-IAS 29 LFL: 95.9%

c.     Post-IAS-29:  7,583 (growth of 31.0% versus 31 December 2022)

d.    Post-IAS-29 LFL: 27.1%

5.    Pro Forma financial metrics for the year ended 31 December 2023:

a.    Revenue: Rs 17,509 mn

b.    PAT from Continuing Operations: Rs 1,663 mn

Note: The Company has used a TRY/INR exchange rate of 3.642. This is computed based on the monthly average TRY/INR exchange rate for the year ending 31 December 2023.

Enquiries

Important Notices

This announcement is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction,  nor shall there be any sale, issuance or transfer of securities of DP Eurasia in any jurisdiction in contravention of applicable law.

This announcement contains certain statements which are, or may be deemed to be, "forward-looking statements" which are prospective in nature. The words "believe", "anticipate", "expect", "intend", "aim", "plan", "predict", "continue", "assume", "positioned", "may", "will", "should", "shall", "risk" and other similar expressions that are predictions of or indicate future events and future trends identify forward-looking statements. These forward-looking statements include all matters that are not current or historical facts. By their nature, forward-looking statements involve risks and uncertainties because such statements relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not indicative of future performance and DP Eurasia's actual results of operations, financial condition and liquidity, and the development of the industry in which DP Eurasia sources operates, may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. The cautionary statements set out above should be considered in connection with any subsequent written or oral forward-looking statements that DP Eurasia, or persons acting on the behalf of DP Eurasia, may issue.

Nothing in this announcement is intended or shall be deemed to be a forecast, projection or estimate of the future financial performance of DP Eurasia and no statement in this announcement should be interpreted to mean that earnings or earnings per share of DP Eurasia (where relevant) for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share for DP Eurasia.

Notes to Editors

DP Eurasia N.V. is the exclusive master franchisee of the Domino's Pizza brand in Turkey, Azerbaijan, and Georgia. The Company was admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 3 July 2017. The Company (together with its subsidiaries, the "Group") is the largest pizza delivery company in Turkey. The Group offers pizza delivery and takeaway/ eat-in facilities at its 707 stores (690 in Turkey, 10 in Azerbaijan and 7 in Georgia) as of 31 December 2023 and operates through its owned corporate stores (11,3%) and franchised stores (88,7%). In addition to its pizza delivery business, the Group also has its own coffee brand, COFFY, which trades from 89 stores at year-end, 66 of which are franchised. The Group maintains a strategic balance between corporate and franchised stores, establishing networks of corporate stores in its most densely populated areas to provide a development platform upon which to promote best practice and maximise profitability.

In line with the announcement on 21 August 2023, the Company has initiated the steps to file for DP Russia's bankruptcy. This was preceded by the announcement on 28 December 2022, which confirmed that the Company was evaluating its presence in Russia, the impact of sanctions and its continuing ability to serve its customers in Russia. In this connection, the Russian segment was classified as discontinued operations within the Company's audited financial statements for the year ended 31 December 2022 and also within the (unaudited) financial statements for the period ended 30 June 2023.