Telepizza : Half-Year 2017 Results

19 September 2017

• International sets a new record, with 14.4% growth in constant currency
• Spanish sales rose by 6.3%, driven by digital growth of over 20%, confirming success of the company's digital strategy
• Telepizza has opened 51 new stores this half year and expanded into four new countries
• Net profit for this period stands at €15.4 M

International set a new record for half-year growth, increasing by 14.4% in constant currency. Specifically, Telepizza continued to develop its international strategy successfully, expanding operations to four new countries over this period: the Czech Republic, Paraguay, Iran and the United Kingdom.

Operations in Spain have also been highly satisfactory over the first half year, growing by 6.3%, driven by excellent digital sales, which increased by 22.9%. It is worth highlighting, in particular, the outstanding growth in mobile of 45.6%.

"Assessing this half year, we can see that both our comprehensive digital strategy and our ambitious internationalisation policy are bearing fruit," stated Pablo Juantegui, Executive President and CEO of Telepizza. "We're delighted with these results, which demonstrate that our strategic plan is working well. We hope to close the year along these lines and start 2018 from this position of strength."

The first half-year of 2017 has also seen many new openings. Over this period, the group has opened 51 stores, 19 of which created a Telepizza brand presence in four new countries: the Czech Republic, Paraguay, Iran and the United Kingdom.

As regards customers, novelty in this half-year is a new app delivering a more attractive and intuitive design, better user experience and improved order tracking.

In terms of innovation, two gourmet Telepizzas have been launched in the first half: Carnívora and Carbonara, as well as the first sweet Telepizza, called Sweet, in collaboration with Nestlé.

These new products boost market differentiation, as Telepizza is always keen to offer attractive innovations to consumers, who have responded enthusiastically to these new products. This is borne out by the fact that innovative products account for 14% of total sales in Spain.

We are the largest non-U.S.-based pizza delivery company in the world by number of stores. Headquartered in Madrid, Spain, Telepizza operates in more than 20 countries through a network of own stores, franchisees and master franchisees, with 1,440 stores globally, including 469 own stores (33%) and 971 franchised and

master franchised stores (67%) as of 30 June, 2017.

Including our U.S.-based competitors, we are the fourth largest global player in pizza delivery in terms of number of stores. We are the market leader in our core markets by number of stores (number one in Spain, Portugal, Chile and Colombia and number two in Poland).

The total sales within our network, including own stores, franchisees and master franchisees, are recorded as chain sales, which amounted to €541.2 million in the twelve months ended 30 June 2017.

Telepizza listed on the Barcelona, Bilbao, Madrid and Valencia stock exchanges with its shares starting trading on 27 April 2016. The total number of shares is 100,720,679.

There will be a webcast and conference call presentation on these results today at

18.00 PM Central European Summer Time (17:00 GTM). To access the webcast, use the link:

http://event.onlineseminarsolutions.com/r.htm?e=1503558&s=1&k=CBE2B048C57CC328F42F39 C1217F4FE7

To listen by telephone, dial one of the numbers below:

Spain: +34 914142021

Spain (toll free): 800300988 UK: +44 (0) 2030432440

US: +1 6467224907

All this numbers must be followed by the pin code below: 90640716#

http://www.telepizza.com/en/

+34 91 6576200

investors@telepizza.com

1. Chain sales are sales of own stores plus sales of the franchises and master franchises.

2. Excluding sales of the master franchises

3LFL growth relates to the growth of chain sales following adjustments due to openings and closures of stores and to the impact of the exchange rate with respect to the euro.

4 EBITDA excluding 32.2 million euros of costs related with the IPO in the first six months of 2016.