Japan Tobacco Inc. · TSE:2914
Japan Tobacco — Q1 2022 Earnings Presentation
13 slides from Japan Tobacco's earnings presentation, Apr 28, 2022
Slide 1: JT Group 2022 First-Quarter Results
JT Group 2022 First-Quarter Results Nobuya Kato JT Group Chief Financial Officer *Please be reminded that the figures shown on these slides may differ from those shown in the financial statements as they are intended to facilitate the reader’s understanding of individual businesses. *For details of
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. These statements appear in a number of places in this document and include statements regarding the intent, belief, or current and future expectations of our management with respect to our business, financial condition
Slide 3: Humanitarian aid in Ukraine
Humanitarian aid in Ukraine • Supporting relocation of employees and their families to safer areas, including outside the country • Committed $5 million funding to support access to health, medical, food and daily necessities in Ukraine and surrounding countries through: Contributing funds to Japa
Slide 4: Update on the Russia situation and potential impact on full-year forecasts
Update on the Russia situation and potential impact on full-year forecasts Business overview of Russian market • Suspended all new investments and marketing activities as well as the planned launch of Ploom X • Given the challenging and unpredictable environment, continuing to evaluate various optio
Slide 5: 2022 First-Quarter Consolidated Results
2022 First-Quarter Consolidated Results 2022 Core revenue at constant FX: +3.8% vs. 2021 (JPY BN) vs. 2021 Adjusted operating profit (AOP) at constant FX: +4.5% vs. 2021 Jan-Mar • Driven by increases across all businesses, mainly fueled by strong Reported pricing in the tobacco business Revenue 581.
Slide 6: Tobacco business: Volume Performance
Tobacco business: Volume Performance Volume (BnU) Total volume 2022 • Total volume increased by 1.2% despite the vs. 2021 declining trend of industry volume in several Jan-Mar markets. Sales volume increased in Global Travel Retail* and in emerging markets. Total volume 128.5 +1.2% Combustibles Comb
Slide 7: Tobacco business: Financial Results
Tobacco business: Financial Results Core Revenue and AOP Financials (JPY BN) Operations • Core revenue and AOP increased driven by robust pricing effects in 2022 several markets, notably Japan and Turkey vs. 2021 Jan-Mar • Volume contribution was negative due to lower industry size in some high-marg
Slide 8: Tobacco business: key takeaways by cluster and key markets
Tobacco business: key takeaways by cluster and key markets Asia WE EMA Japan Italy Romania • On-going down-trading trend in • Market share gains driven by • Total volume growth and market combustibles Winston share gains driven by Winston • HTS volume and market share increase Spain Russia The Phili
Slide 9: Tobacco business: Ploom X progress in Japan market
Tobacco business: Ploom X progress in Japan market • Since the national launch of Ploom X in August Market share evolution 2021, HTS market share has grown steadily in RRP and HTS segment* achieving 7.2% within the HTS segment 12.0% 11.8% 12 11 9.8% 9.9% 9.6% 10 7.2% 7 6.5% 6 5 4.2% 4.0% 4 3.4% JT R
Slide 10: Pharmaceutical and Processed food businesses: Financial Results
Pharmaceutical and Processed food businesses: Financial Results Pharmaceutical Business • Revenue increased by 8.3% driven by sales growth at our consolidated subsidiary, Torii Pharmaceutical, CORECTIM® 2022 Ointment in the area of skin diseases and CEDARCURE® (JPY BN) vs. 2021 Jan-Mar Japanese Ceda
Slide 11: Closing remarks
Closing remarks 2022 Jan-Mar results • Tobacco Business • Gradual unwind of COVID trends has been observed in several markets • Strong performance fueled by pricing in line with the full-year forecasts Shareholders 2022 Full-year earnings forecasts • Guidance remains unchanged for now, given the cha
Slide 12: Definitions
<Definitions> Adjusted operating profit (AOP): Adjusted operating profit = operating profit + amortization cost of acquired intangibles arising from business acquisitions + adjusted items (income and costs)* * Adjusted items (income and costs) = impairment losses on goodwill ± restructuring income a
Slide 13: Definitions
<Definitions> Total volume: The volume of tobacco-based products which excludes contract manufactured products, waterpipe, RRP devices and related accessories. Combustibles volume: The shipment volume of combustibles which excludes contract manufactured products, snus, waterpipe, heated tobacco prod