Asahi Group Holdings Ltd · TSE:2502
Asahi — Investor Day (September 2026)
34 slides from Asahi's investor day presentation, Sep 30, 2026
Slide 1: Asahi Europe & International Business Strategy Briefing
ASAHI EUROPE & INTERNATIONAL Business Strategy Briefing 30th September 2026
Slide 2: Agenda
AGENDA • Asahi Europe & International Overview • 2035 Strategy – Pathways – Portfolio – People – Planet • EABL introduction • Close and Q&A
Slide 3: Asahi Europe & International Overview
ASAHI EUROPE & INTERNATIONAL OVERVIEW © Asahi Europe & International
Slide 4: AEI Leadership Team
AEI Leadership Team AEIリーダーシップチーム NIGEL PARSONS CATHERINE SINCLAIR PAVLÍNA KALOUSOVÁ DAVID BIDAU ANDREW BAILEY CHIEF EXECUTIVE OFFICER CHIEF HUMAN RESOURCES OFFICER CHIEF CORPORATE AFFAIRS OFFICER CHIEF SUPPLY CHAIN OFFICER CHIEF FINANCIAL OFFICER NATHALIE PFAFF ROB KENNEY TAKEFUMI TAKANO EMILY PITT
Slide 5: CEO Introduction – Nigel Parsons
CEO Introduction – Nigel Parsons CEOの紹介 30+ years leading growth and transformation across FMCG, beverages and branded consumer goods FMCG、飲料、ブランド消費財業界において、30年以上にわたり成長と変革を牽引 Deep commercial expertise across customers, categories, channels, RGM, digital commerce and execution 顧客、カテゴリー、チャネル、RGM、デジタルコマ
Slide 6: 2035 Strategy: Future Profitable Growth
2035 STRATEGY Future Profitable Growth
Slide 7: We Decided to Review Our 2035 Strategy
We Decided to Review Our 2035 Strategy 2035年に向けた戦略の見直しを決定 Future Profitable Growth
Slide 8: Future Profitable Growth
Future Profitable Growth 将来の収益性ある成長 PURPOSE MAKE THE WORLD SHINE BY CREATING GENUINE CONNECTIONS つながりを広げ、世界を輝かせる オーナーシップ PASSION 情熱 OWNERSHIP PEOPLE-CENTRICITY 人の尊重 TOGETHERNESS 共創 VALUES We are passionate to exceed consumer We act proactively with the ownership mindset. We achieve more by working t
Slide 9: Our growth choices: Pathways
Our growth choices 成長に向けた選択 PAT H W AY S PORTFOLIO PEOPLE PL AN ET MARKETS & THEIR SEGMENTS CULTURE & IMPACT & ROLES 事業セグメント PEOPLE GROWTH LICENSE TO OPERATE 市場とその役割 企業文化と人材の成長 社会へのインパクトと事業基盤
Slide 10: Our growth choices: Markets & their roles
Our growth choices 成長に向けた選択 PAT H W AY S PORTFOLIO PEOPLE PL AN ET MARKETS & THEIR SEGMENTS CULTURE & IMPACT & ROLES PEOPLE GROWTH license to operate 市場とその役割
Slide 11: Market Roles
MARKET ROLES 市場の役割 CZECHIA | SLOVAKIA | ROMANIA | POLAND | HUNGARY DEFEND LEADERSHIP, DRIVE MARGIN EXCELLENCE SCALED リーダーシップを堅持し、収益性を最大化 ITALY | NETHERLANDS | UNITED KINGDOM DISRUPT INCUMBENTS, CAPTURE SIGNIFICANT SHARE CHALLENGER 既存勢力に挑み、大幅なシェア獲得を目指す USA | CANADA | GERMANY | FRANCE HIGH-POTENTIAL M
Slide 12: AEI gaining or flat in share in 5 out of 8 markets
AEI GAINING OR FLAT IN SHARE IN 5 OUT OF 8 MARKETS OVER LAST YEAR AEIは8市場中5市場で、前年からシェアを拡大または維持 MARKET POSITION 1 1 1 1 1 2 3 5 (VALUE SHARE) VALUE SHARE CHANGE MAT +60bps -20bps -70bps +60bps flat +60bps -60bps +50bps SCALED MARKETS CHALLENGER MARKETS 当社ポーランドの販売数量シェア推移 ・昨年下期以降、ブランド投資の強化によりシェアは回復傾向 ・
Slide 13: Europe: Performance Trends and Future Direction
EUROPE: PERFORMANCE TRENDS AND FUTURE DIRECTION 欧州：業績推移と今後の方針 PERFORMANCE TRENDS 業績推移 • Experienced the largest cost increases among the 3 RHQ but continuously invested in global brands and other products from 2022, while maintaining (EUR Million) consistent profit growth through significant price r
Slide 14: Cost Effectiveness Programme to Improve Margins
COST EFFECTIVENESS PROGRAMME TO IMPROVE MARGINS 利益率改善のための収益構造改革 EXPECT TO GENERATE EFFICIENCIES EXCEEDING KEY EFFICIENCY AREAS OUR INITIAL TARGET OF EUR 100M BY THE END OF 主な効率化領域 THIS YEAR, WITH CONTINUED EFFICIENCIES EXPECTED THROUGH TO 2029 Revenue management 本年末までに当初目標の100Mユーロを上回る効率化を見込み、 & Inno
Slide 15: Our growth choices: Portfolio
Our growth choices 成長に向けた選択 PAT H W AY S PORTFOLIO PEOPLE PL AN ET MARKETS & THEIR SEGMENTS CULTURE & IMPACT & ROLES 事業セグメント PEOPLE GROWTH license to operate
Slide 16: Consumer Trends Evolving: Quest for Better Value Becomes Habitual
CONSUMER TRENDS EVOLVING: WHILE CONSUMER CHOICES DIVERSIFY, QUEST FOR BETTER VALUE BECOMES HABITUAL 消費者トレンドの変化：選択肢が多様化する一方、より高い価値を求める消費行動が定着 RISE OF LOCALISM HEALTH FIRST MINDSET GEN Z DRINKING HABITS COST CONSCIOUSNESS 68% of EU consumers prefer local 79% of shoppers think their health is their NOR
Slide 17: Beer Category Decline Continued, Accelerating in 2025
BEER CATEGORY DECLINE CONTINUED ACCELERATING IN 2025 ビールカテゴリーの縮小が継続、2025年にはさらに加速 Volume – AEI Europe region total (mil.hl) OFF trade ON trade -3% 143.3 142.3 136.5 38.4 37.8 -7% 36.7 33.5 32.9 30.7 55% 55% 74% 74% 55% 74% -2% -4% 19.0 19.3 18.9 93% 93% 14.3 14.3 13.7 94% 67% 67% 68% 68% 69% 69% 45%
Slide 18: Beyond Beer
NAB categories continue to have strong growth momentum across our Region, with FNAB continue to perform strongly across CEE and WSE, while beyond beer (including RTD) presents market share potential in Western Europe & North America NABは欧州全域で力強い成長が継続。FNABはCEE・WSEで好調に推移する一方、beyond beer（RTD含む）は西欧・北米でシ
Slide 19: Our Portfolio Playground
OUR PORTFOLIO PLAYGROUND ポートフォリオの展開領域 While core beer remains under pressure, in low single digit decline, we will maintain strong shares in core beer while pushing into growth categories in line with our Future Profitable Growth strategy. 主力のビール市場は引き続き1桁前半の縮小が続く一方、「Future Profitable Growth」戦略に沿って、主
Slide 20: Peroni Nastro Azzurro Global Growth
PERONI NASTRO AZZURRO Global growth of +6.6.% in value and +6.8% in volume (vs LY) グローバルで金額ベース＋6.6％、数量ベース＋6.8％の成長（前年比） GB Internal Data, P6 YTD 2026
Slide 21: Asahi Super Dry Growth Accelerating in 2026
N O.1 B E E R AEI Asahi Super Dry growth is accelerating in 2026, focusing J A P A N 'S on UK and USA 英国・米国に注力し、2026年にアサヒスーパードライの成長が加速 TOTAL VOLUME 2025 vs 2024 +17% 2026 H1 vs 2025 H1 +30% VOLUME VOLUME 2025 vs 2024 2025 vs 2024 +25% +13% 2026 H1 vs 2025 H1 2026 H1 vs 2025 H1 +40% +24%
Slide 22: Lead Our Core Beer Business
LEAD OUR CORE BEER BUSINESS コアビール事業を牽引 • Win market share in core beer in our G8 markets G8市場におけるコアビールのシェア拡大 PORTFOLIO 01 • Turbo charge our Global Brands (Asahi SuperDry and Peroni Nastro Azzurro) growth グローバルブランドの成長加速 • Sustain Local Jewels premium growth in CEE 中東欧でローカル主力ブランドのプレミアム成長を持続 SEGMENTS
Slide 23: Our growth choices: People
Our growth choices 成長に向けた選択 PAT H W AY S PORTFOLIO PEOPLE PL AN ET MARKETS & THEIR SEGMENTS CULTURE & IMPACT & ROLES PEOPLE GROWTH license to operate 企業文化と人材の成長
Slide 24: Our People agenda progressed well in 2025
Our People agenda progressed well in 2025 2025年は人材戦略が着実に進展 >120 77% 82% Leaders completed Internal appointments Participation in 32% HG21+ gender diversity Inclusive Leadership (target 60%) with 54% Stop for Safety & (vs target of 34%) Programme listed as successor Wellbeing moments (target 60%) (ta
Slide 25: People
PEOPLE 1 2 3 Our High performing, Fit-for-growth Sustainable inclusive culture, organization & succession Culture & driving a growth capabilities, pipeline, People Growth mindset and building capabilities developing a diverse 企業文化と人材の成長 One AEI identity for growth and pipeline of leaders competitive
Slide 26: Our growth choices: Planet
Our growth choices 成長に向けた選択 PAT H W AY S PORTFOLIO PEOPLE PL AN ET MARKETS & THEIR SEGMENTS CULTURE & IMPACT & ROLES PEOPLE GROWTH LICENSE TO OPERATE 社会へのインパクトと事業基盤
Slide 27: Planet 2025 highlights
Planet 2025 highlights Planet 2025のハイライト 60% 100% 2.91 RESILIENCE DECREASE OF RENEWABLE HL/HL WATER REGENERATIVE SCOPE 1,2 CARBON ELECTRICITY EFFICIENCY AGRICULTURE EMISSIONS OF OUR POWERING OUR ACHIEVED IN OUR PROGRESS BREWERIES SINCE BREWERIES BREWERIES SUPPORTING OUR 2019 FINALIZED IN 2025 IT AND
Slide 28: Net Zero from Grain to Glass, Water Resilience, Circular Packaging
NET ZERO FROM GRAIN TO GLASS, PL AN ET 01 through clean energy in breweries and partnership across value chain ビール工場でのクリーンエネルギー活用とバリューチェーン全体での連携により、 穀物からガラスまでのネットゼロ実現 IMPACT & LICENSE TO OPERATE 社会へのインパクトと事業基盤 02 WATER RESILIENCE, through efficiency everywhere and progress in priority basins 水利用効率の向
Slide 29: EABL introduction
EAST AFRICAN BREWERIES PLC EABL introduction
Slide 30: FY26 results – strong sales performance and excellent P&L leverage
FY26 results – strong sales performance and excellent P&L leverage FY26実績 ― 好調な売上と高い利益成長 12 months ending 30 June 2026 | Source: EABL Full Year 2026 Press Release +13% +13% +27% +49% VOLUME NET REVENUE EBIT PROFIT AFTER TAX All markets and KES 146bn KES 32bn KES 18bn categories EUR 960m EUR 211m EUR
Slide 31: Closing Remarks
CLOSING REMARKS
Slide 32: Our Future Profitable Growth Strategy Is in Place
OUR FUTURE PROFITABLE GROWTH STRATEGY IS IN PLACE AND WILL UNDERPIN OUR AMBITION TO BE THE FASTEST-GROWING BEVERAGES COMPANY IN OUR PEER SET 将来の収益性の高い成長に向けた戦略を確立し、同業他社の中で最も成長率の高い飲料企業となることを目指す • Our updated Future Profitable Growth strategy highlights our priorities and choices in terms of Pathways,
Slide 33: Q&A
Q&A Future Profitable Growth
Slide 34: Thank you
ありがとうございました Thank you Asahi Group Holdings https://www.asahigroup-holdings.com/en/ 1-23-1 Azumabashi, Sumida-ku Tokyo 130-8602, Japan IR Section E-mail: ir@asahigroup-holdings.com © Asahi Europe & International