DODO BRANDS:
INVESTOR
RELATIONS
Ovchinnikov
Founder,
CEO
“We’ve coped well with the challenging pandemic years.
In 2020 we not only
maintained our growth trajectory but also started our transformation from
a mono-brand company into a platform for innovative restaurant brands. Our next
target is to strengthen Dodo’s footing in Russia, expand the chain in Europe and
Asia, and start scaling new concepts.”
MONTHLY TRADING UPDATE: December 2021
Our monthly trading update provides an overview of our chain’s performance over the past month. Here we highlight actual system sales, the chain growth pipeline, store count, like-for-likes, and startup results.
net new stores
771 stores in total
billion rubles system sales
year-over-year growth
like-for-like
in Russia, Kazakhstan,
and Belarus
like-for-like
in other markets
QUARTERLY RESULTS: 2021/Q3
In 2020, we started to issue quarterly consolidated financial statements in accordance with IFRS. This kind of reporting helps us track results promptly within a single framework. We don’t audit reports for interim dates.
net new stores
741 stores by end of Q3
billion rubles system sales
+55.7% growth
million rubles adjusted EBITDA
7.4% margin
million rubles free cash flow
+291% growth
ANNUAL RESULTS:
2020
Our first consolidated IFRS statements got off the ground in 2019 for the year 2018. Since then, we’ve been drawing up annual financial statements audited by Ernst & Young. Find all the reports below.
net new stores
679 stores by end of 2020
billion rubles system sales
+27.1% growth
million rubles adjusted EBITDA
6.6% margin
million rubles free cash flow
growth n.a.
COMPANY PRESENTATION
CORPORATE DOCUMENTS
Memorandumand articles of
association
FAQ
Companies usually try not to announce their IPO plans until the last possible moment, because this process involves a lot of risk. That’s why IPO preparations are traditionally conducted somewhat secretively. However, being secretive is far from the Dodo spirit. That’s precisely why we talk about our plans openly. We publicly set extremely ambitious business goals for ourselves. By 2024, we expect our main region of interest, Eurasia, to almost triple its sales. International markets will move on to the scaling phase and generate more than 10% of the company’s revenue. Two new concepts, Drinkit and Doner 42, will also have to begin scaling and each surpass the one hundred shops mark. We believe that by 2024 our company will become a worthy candidate for the capital markets. Both in Russia and overseas, in pizza, and in other concepts.
A Russian IPO traditionally has three options: the stock exchange in
Moscow, London, or New York. Technically, the stock exchanges aren’t
mutually exclusive. There is a high probability that the Moscow
stock exchange will be one of the platforms that we’ll trade on.
Right now, it is one of the most dynamically developing platforms in
the world. Besides, we’re a Russian company, and we’re well known
among Russian investors. Therefore, it seems obvious for us to
choose the Moscow stock exchange as one of our platforms.
Will
there be any other international platform? It’s a little too early
to say. It’ll depend on the size of the issuance. The latest Russian
companies to make an IPO, Ozon and Fix Price, are companies with
enormous capitalization, around $10 billion, give or take. Even if
everything goes perfectly, by 2024 we’re still going to be much
smaller compared to these giants. That’s why we have to plan our
stock issue correctly, so that the stocks are saleable enough on the
platforms we go to, and, therefore, a fair assessment of our company
can be made.
We’re not planning to pay dividends in the foreseeable future. We
consider it more prudent to reinvest funds into business growth.
It’s more profitable for our shareholders than quick dividends would
be.
Perhaps at some point, we’ll be able to grow as well as pay
dividends — we are going to see and act in accordance with
shareholders’ best interests. For the past 3 years, we’ve offered
audited financial reports and will continue to do so.
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