Earnings release
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3 August 2021 Domino's DOMINO'S PIZZA GROUP PLC Half Year results for the 26 weeks ended 27 June 2021 Strong first half trading performance reflecting good progress on strategic objectives 26 wks ending 27 June 2021 26 wks ending 28 June 2020 Change System sales¹ £ 752.3m £ 628.9m 19.6 % Like - for - Like system sales growth ( exc.splits ) ² + 19.3 % + 4.8 % n / a Underlying EBIT³ £ 63.9m £ 51.4m 24.3 % Underlying profit before tax £ 60.8m £ 47.6m 27.7 % Underlying basic EPS 10.7p 8.7p 23.0 % Net Debt4 £ 177.6m £ 202.1m ( 12.1 ) % Statutory profit after tax £ 41.3m ₤ 19.0m 117.4 % Statutory basic EPS 8.9p 4.4p 102.3 % All commentary below is on an underlying basis unless otherwise stated Financial highlights • • • • . • • Strong UK & Ireland performance , with system sales of £ 752.3m , up 19.6 % , with like - for - like system sales , excluding splits , up 19.3 % ( 18.4 % including splits ) aided by the reduced rate of VAT . Excluding the benefit of the reduced rate of VAT , underlying like - for - like system sales , excluding splits , grew by 5.5 % Underlying profit before tax of £ 60.8m , up 27.7 % , driven by the strength of the core business and lower Covid- 19 related costs Statutory profit after tax of £ 41.3m , up from £ 19.0m , benefitting from the successful disposal of all but one of the loss making international operations Strong free cash flow performance increasing by 9.3 % to £ 51.3m ( H1 20 : £ 46.9m ) Net Debt of £ 177.6m , ( H1 20 : £ 202.1m , FY 20 : £ 171.8m ) broadly in line with last year , 1.36x Net Debt / EBITDA on a continuing basis In line with our capital allocation philosophy and commitment to distribute surplus capital to shareholders we are announcing an additional £ 35m to the existing £ 45m share buyback programme and will pay an interim dividend of 3.0p per share on 24 September 2021 In FY 21 we have announced £ 136m of surplus capital to be returned to shareholders via dividends and share buybacks Operational highlights • • Strong sales performance boosted by our new integrated media campaign , ‘ Domin - Oh - Hoo - Hoo ' , targeting families and friends reuniting post lockdown and by the Euros group stage . The England vs Scotland match was our highest recorded trading day this calendar year Total orders returned to a positive trend , up 3.5 % in the first half , driven by collection orders up 27.1 % , as we lap the closure of the collection business for much of Q2 last year . Collection orders traded at 71 % of 2019 levels during the half , and are currently trading at over 75 % Impressive service standards with best in class average delivery time of less than 25 minutes Digital momentum continues , with UK online sales up 25 % , representing 93 % of UK system sales