Hello and welcome to the DP Eurasia Trading Update call. Afterwards, there will be a question and answer session. This call is being recorded. Today, I'm pleased to present Aslan Saranga, Chief Executive Officer. Please go ahead with your meeting. Good morning, everybody. Welcome to our trading update for the six months ended 30 June 2022. I have my colleagues, Group CFO Neval and IR Director İlknur, with me. I will start my presentation for the trading update. In the first half of 2022, we continued our strong business momentum despite the unprecedented challenges in the regions we operate. This was thanks to our experienced team as we navigated the operating environment very carefully. Even in these difficult times, with our innovative and customer-centric mindset, we managed to grow in a healthy manner. Group system sales grew by 65%. We delivered 39% like-for-like performance versus a year ago. System sales in Turkey grew by 59% corresponding to 51% like-for-like growth. This was achieved against a strong competitive period of 72% system sales growth and 65% like-for-like growth. In the first half 2022, with our diligent price adjustments and low single-digit growth in volumes, we broadly caught up with the rapid pace of inflation. While increasing prices, we remain committed to providing the best value for money proposition and ensuring our franchises remain profitable. We believe that we are well-positioned to succeed on this environment and deliver long-term sustainable growth. Our online channel continues to be the main driver behind our solid growth rates. In Turkey, like-for-like growth for online system sales was 60% on top of an almost 100% increase last year. Our share of online sales in the Turkish delivery system reached 81%. This corresponded to a near 7 percentage point increase over the last 12 months. In Russia, we faced a strong comparable period while operating in a difficult geopolitical and economic environment. As a result, we had a negative like-for-like by the end of the first half. The online system sales share increased to 94%, delivering around 1.5 percentage points of increase. As previously announced, the group continues to limit investment into the territory and is focused on optimizing the existing store coverage in Russia, resulting in the closure of four stores during the first half of the year. We continue to monitor the situation in the region closely, while the safety and welfare of all groups, employees, and customers remain our primary priority. The strong performance in Turkey continues to generate a very robust franchise demand. We opened 21 net stores in Turkey during the first half of the year. Given our strong pipeline, we remain confident that 2022 will be another solid year for store growth. Our new and own branded coffee concept has performed extremely well. We achieved robust volume expansion also supported by the enhanced product range, which is well received by the Turkish public. Our network reached 15 by the end of June with the addition of new store concepts that serve different consumer profiles. I am personally very excited for the future growth prospects for coffee and believe it has the ability to make a considerable contribution to our investment story in years to come. We have a good liquidity position at period end with TRY 262 million cash and undrawn bank facility of TRY 107 million cash. We didn't give in the beginning of the year an outlook and so we want to give it now. The group is mindful of operating in a volatile environment with the potential for further macroeconomic and geopolitical challenge. As a result of increased full year visibility, management is reinstating guidance for 2022. Strong store openings momentum in Turkey is anticipated to continue in the second half, driven by solid franchise demand. The group continues to limit investments into its Russian operation, given the sustained conflict in the region and is focused on optimizing its existing store network. Management is monitoring the situation in the region closely. COFFY remains in the early stages of its development, having launched in 2021, but management believes it represents outstanding growth opportunity. More store openings are expected in the second half. Guidance for store opening, like-for-like growth rates, and capital expenditure for 2022 is as follows. Like-for-like growth rate for Turkey will be between 55%-65%. This is excluding the impact of hyperinflationary accounting. Russia, we are targeting to finish the year by 0% like-for-like based on rubles. We believe Domino's Pizza's net store openings will be between 30-40 stores in Turkey. In Russia, we will remain in the same number of stores. It's a zero new store opening. COFFY net store opening will be between 20-30 stores. Capital expenditure for Turkey will be TRY 90 million, and for Russia it will be RUB 190 million. With the board is cautious of the ongoing uncertainty, current trends suggest that our adjusted EBITDA for 2022 is likely to be above the current market expectations. Thank you for listening to us. If you have any further questions, myself and my colleagues will be happy to answer. Thank you. Ladies and gentlemen, if you wish to ask a question at this time, please signal by pressing star one on your telephone keypad. Again, please press star one to ask a question over the phone. I will pause for just a moment to allow you to signal. There are currently no questions in the phone queue. As a reminder, please press star one to ask a question. We have a question from Mark Photiades from Canaccord Genuity. Please go ahead. Hi, guys. Can you hear me? Yes, I hear you, Mark. Hi, good morning. Just a couple from me. Go ahead. Can I just ask on the CapEx guidance for Turkey, how much of that TRY 90 million is down to COFFY as opposed to Domino's? If I could ask that question. Then the second one is just on the like-for-like assumptions for Turkey. I think you've got a slight pickup compared to the 51% seen in the first half. I was just wondering what your assumptions are around H2. Is that the pickup again largely due to price increases, or are you expecting also a little bit of volume pickup as well? Thank you. Our target is to increase the prices because it's going up, and we are also focused on the sustainability of our franchise stores. Our target will be to increase the prices and keep the volumes in this level. This is your question. Yeah, about the COFFY, you know, we are planning to open some corporate stores strategically in COFFY in different parts of Istanbul. We are planning to spend like around open another eight-10 corporate stores. We have a budget of TRY 15 million we have budgeted for COFFY in our CapEx. Okay, great. Can you maybe just comment on some of the different formats which you've opened within COFFY and maybe just explain how you're seeing those fit in. Yeah. As you know, COFFY concept is good value coffee with a good value. Our prices are usually lower than 30%-40%. One of the main reasons of this is the rent, because we started with this business with a small coffee concepts like 50-60 meters square. After a while, we have also opened some locations in the university. In the universities, that worked very well. This is our second concept. The third concept, we lately start to open in a larger locations, not like big like Starbucks, but like 150-200 meters square in the street shops. These are working very well. We can say like we have three types of shops right now. The kiosk ones in the city center, the ones in the universities, and third one is what we call street stores, the larger formats. Perfect. Okay. Thank you very much. Thank you. There are currently no further questions. Again, as a final reminder to ask a question, please signal by pressing star one. We will pause for another moment to allow you to signal. As there are no further questions in the queue, I would like to hand the call back over to Mr. Aslan Saranga, Chief Executive Officer, for any additional or closing remarks. Over to you, sir. Thank you for listening to us. We are happy to make this trading update with you and hope to see you for the half-year and results in September. Thank you very much. This concludes today's conference call. Thank you for your participation. Ladies and gentlemen, you may now disconnect. Great.