Press

• Despite current uncertainty and global inflation, during 2Q2022 chain sales grew 20.4% more than in the same period in 2021, and 5.4% more than in 2019, before the pandemic

• The Group’s adjusted EBITDA in 1H has registered 16 million euros, in line with the figure obtained in the same period last year

Madrid, 04 August 2022 - Food Delivery Brands, a leading pizza delivery restaurant group present in 33 countries, with over 2,350 establishments, has today presented its financial results for 2Q2022, confirming its positive business performance and exceeding by 5.4% the chain sales reached in the same period in 2019 (before the pandemic). These results reflect the strength of the group’s business model and its successful international growth.

During the first six months of the year, the Group’s chain sales registered a double-digit increase and amounted to 620 million euros, 18.7% more than in the same period last year (+14.4% at a constant exchange rate). In the second quarter, sales have grown up to 323.5 million euros, 20.4% more than in the same period in 2021. This sales performance has had a positive impact on the Group’s net income statement, with a 15.9% growth in revenues, reaching 104.7 million euros in the second quarter.

Adjusted* EBITDA in the first half of the year has reached 16 million euros, in line with the 16.2 million registered by the Group in the same period in 2021, despite the current scenario of predominant uncertainty and inflation on the company’s markets.

The Group’s liquidity at closing of June 2022 has amounted to 36.4 million euros, before the payment of interest referring to 1H2022.

By markets, in Spain and Portugal, where the company has relaunched the Telepizza brand, sales in the first six months of the year have registered a 10.9% increase over the same period last year.

In Latam, chain sales in 1H2022 increased by 28.8% with respect to the same period in 2021 (+19.5% at a constant exchange rate). Although the effects of inflation and the war in the Ukraine have had a lower impact here than in Europe, some occasional difficulties have arisen, such as in Ecuador, where a temporary and slight impact was registered on local sales

In Mexico, Food Delivery Brands is launching a strategy for growth involving heavy investment for local consolidation of the Pizza Hut brand. This strategy has resulted in a new dough factory being inaugurated in June in Querétaro, with an investment of more than 7.5 million euros, which will supply the Group’s Pizza Hut establishments in Mexico and will also export to PH franchisees in Central America and the Caribbean. This investment is in addition to others already made in renovating and expanding the Pizza Hut brand in Mexico, which is expected to sustainably remain over the next few years.

Business development

In total, the group ended 2H2022 with 91 net openings over the same period the previous year, and already has 2,350 establishments running worldwide.

Food Delivery Brands has continued its investments to reinforce the Group’s operative and industrial capacity all over the world during 2Q2022. The new Mexican factory, operating since June, is in addition to the 4 located in Spain, Colombia, Chile and Ecuador.

The Group has continued to register positive performance in results during the second quarter. These results have been backed up by Telepizza’s solid progress in the Iberian market, growth in the Apache Pizza brand in Ireland, and consolidation of the Pizza Hut project in Latin America.