Nissin Foods Holdings Co., Ltd. · TSE:2897
Nissin Foods — FY 3/2022 2Q Earnings Presentation
24 slides from Nissin Foods's earnings presentation, Nov 8, 2021
Slide 1: Financial Results for FY 3/2022 2Q
Financial Results for FY 3/2022 2Q Announced on November 5, 2021 NISSIN FOODS HOLDINGS CO., LTD. (TSE Stock Code: 2897) Financial Results Presentation: November 8, 2021
Slide 2: Today’s content
Today’s content I. FY 3/2022 2Q Financial Results ……………… P2 Takashi Yano, CFO II. Current Year Initiatives to Achieve Our ..…………… P10 Mid- to Long-Term Growth Strategy Koki Ando, Representative Director, President and CEO Noritaka Ando, COO and Executive Vice President, and President & Representativ
Slide 3: FY 3/2022 2Q Financial Results
FY 3/2022 2Q Financial Results 2
Slide 4: Management Policy for FY 3/2022
Management Policy for FY 3/2022 Reboot and Make a Fresh Start In the first year of our new management plan, we will sprint ahead with three growth strategies, as well as organizational and human resource reforms Domestic Existing Businesses Overseas Existing Businesses New Businesses • Instant Noodl
Slide 5: FY 3/2022 2Q Financial Results Highlights
FY 3/2022 2Q Financial Results Highlights FY 3/2022 2Q Results Institutional accounting Management accounting Target level basis basis*1,*2 for FY 3/2022 Revenue 275.0 Bil. yen +14.1% 270.5 Bil. yen +18.1% Double Digit Core Operating Profit of Existing Businesses 27.1 Bil. yen (14.8%) 26.7 Bil. yen
Slide 6: Consolidated Financial Summary
Consolidated Financial Summary • Institutional accounting basis: Increase in revenue and decrease in profits, but maintained high growth compared to FY 3/2020 2Q • Management accounting basis: Significantly higher YoY in all categories Institutional accounting basis Management accounting basis （Cons
Slide 7: Revenue Results by Segment
Revenue Results by Segment • Institutional accounting basis: Increased in all segments except Domestic Others, even before deducting the impact of COVID-19 • Management accounting basis: Increased in all segments except Domestic Others Management accounting basis Institutional accounting basis （Cons
Slide 8: Revenue Contribution by Segment (Management accounting basis)
Revenue Contribution by Segment (Management accounting basis) FY 2021 2Q Revenue: Major Factors* 229.1 Bil. yen Less COVID-19 (+4%, Before deducting C-19: +2%) Cup type: CUP NOODLE KARAMEN, CUP NOODLE PRO and U.F.O. performed well. CUP NOODLE SUPER GATTAI series also contributed. Bag type: BAKURETSU
Slide 9: Core OP Results by Segment
Core OP Results by Segment • Institutional accounting basis: Decreased in almost all segments, but maintained steady growth compared to FY 3/2020 2Q • Management accounting basis: Domestic segments were strong, and existing businesses as a whole exceeded the planned level for this fiscal year Manage
Slide 10: Existing Businesses Contribution to Core OP by Segment
Existing Businesses Contribution to Core OP by Segment (Management accounting basis) FY 2021 2Q Core OP: Bil. yen Less COVID-19 23.7 Major Factors Domestic +) Increased in operating profit due to increased sales, decreased selling expenses, general expenses, advertising expenses and NISSIN FOOD PROD
Slide 11: Current Year Initiatives to Achieve Our Mid- to Long-Term Growth Strategy
Current Year Initiatives to Achieve Our Mid- to Long-Term Growth Strategy 10
Slide 12: Deeper Global Branding
Growth Strategy 1 Strengthen the Cash-Generating Capacity of Existing Businesses Deeper Global Branding Establish brand propositions tailored to the market, competitive environment, and target preferences in each region, leading to sustained, fast-paced growth ⚫ Achieved cumulative global sales of 5
Slide 13: Overseas Business
Growth Strategy 1 Strengthen the Cash-Generating Capacity of Existing Businesses Overseas Business Continue momentum of growth and build greater presence in overseas businesses by pursuing high value-added products and price revisions China (Incl. H.K.) ⚫ Strong sales for CUP NOODLES Big in mainland
Slide 14: EARTH FOOD CHALLENGE 2030
Growth Strategy 2 EARTH FOOD CHALLENGE 2030 We are generally on track in sourcing sustainable palm oil, conserving water use, and reducing food waste Our Challenge to Utilize Finite Resources Effectively Recycling rate in production Sustainable palm oil Overall water use processes (Japan) procuremen
Slide 15: EARTH FOOD CHALLENGE 2030
Growth Strategy 2 EARTH FOOD CHALLENGE 2030 In response to climate change, we aim to achieve the SBT targets, focusing on the use of renewable energy Our Challenge to Address Climate Change Scope 1+2 Scope 3 30% reduction 15% reduction (Vs. FY 3/2019) (Vs. FY 3/2019) Began procuring renewable energy
Slide 16: Major Activities During the First Half of FY 3/2022
Growth Strategy 3 Pursue New Businesses Major Activities During the First Half of FY 3/2022 1 2 EC/Intensive Employee Cafeterias Demonstration experiment developing Developed illness prevention NISSIN menus to support health management program linked to vital data Delicious Complete Nutrition Meals
Slide 17: Pursuing Business Structure Reform in the Digital Era (1)
Pursuing Business Structure Reform in the Digital Era (1) NBX (Nissin Business Transformation) : Leverage digital technology to pursue business structure reform through the seven approaches detailed in our Mid- to Long-Term Growth Strategy for production, logistics, sales, human resources, materials
Slide 18: Pursuing Business Structure Reform in the Digital Era (2)
Pursuing Business Structure Reform in the Digital Era (2) 2. Data-Driven/ Solution proposals based on 360-degree consumer understanding (multi-insight strategy) ~Proposals on targeting and sales promotion based on data analysis~ Change the conventional approach to sales in response to environmental
Slide 19: Appendix
Appendix I. FY 3/2022 2Q: Analysis of Core OP of Existing Businesses …………….. P19 II. FY 3/2022: Analysis of Core OP Forecasts of Existing Businesses ……..… P21-22
Slide 20: 2Q: Analysis of Core OP of Existing Businesses
2Q: Analysis of Core OP of Existing Businesses (YoY, constant currency basis, including COVID-19 impact) Bil. yen Decrease Increase Major Factors: Domestic Major Factors: Overseas A： Revenue (Domestic) (0.4) - Increased in sales promotion expenses, etc. + Increased in sales across all regions, etc.
Slide 21: Appendix
Appendix I. FY 3/2022 2Q: Analysis of Core OP of Existing Businesses …………….. P19 II. FY 3/2022: Analysis of Core OP Forecasts of Existing Businesses ……..… P21-22
Slide 22: Analysis of Core OP Forecasts of Existing Businesses
Disclosed on August 5, 2021 Revised materials for "Financial Results for FY 3/2022 1Q" Analysis of Core OP Forecasts of Existing Businesses (vs FY 3/2021, planned constant currency basis, including C-19 impact) Bil. yen Decrease Increase Major Factors : Domestic Major Factors: Overseas A： Revenue +
Slide 23: FY 3/2022 Forecasts by Segment
Disclosed on August 5, 2021 Reprinted materials for "Financial Results for FY 3/2022 1Q" FY 3/2022 Forecasts by Segment Aiming for significant growth beyond FY 3/2021 performance (excluding COVID-19 impact) across many segments Revenue (IFRS) Core Operating Profit (Non-GAAP) PY (FY 3/2021 Results) P
Slide 24: • These presentation materials are available in PDF format at our official website, under
Company plans, business forecasts, strategies, and other information contained in this document are based on management judgments derived from information available at the time of this publication. Be aware that these are only future projections, and actual results may differ due to various risks an
Nissin Foods Holdings — FY 3/2022 2Q Earnings Presentation on 6ix