Sapporo Holdings Limited · TSE:2501
Sapporo — Q3 2015 Earnings Presentation
23 slides from Sapporo's earnings presentation, Nov 6, 2015
Slide 1: Sapporo Group Business Results Presentation for the Nine Months Ended September 30, 2015
2015 Sapporo Group Business Results Presentation for the Nine Months Ended September 30, 2015 November 6, 2015 Sapporo Holdings Ltd. URL http://www.sapporoholdings.jp/english Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 1/23
Slide 2: Contents
Contents 1. Third-Quarter 2015 Topics 2. Overview of Third-Quarter 2015 Results 3. Revision of 2015 Full-Year Earnings Forecasts Reference: Supplementary Information to Third-Quarter 2015 Results and Data Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 2/23
Slide 3: 1. Third-Quarter 2015 Topics
1. Third-Quarter 2015 Topics Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 3/23
Slide 4: Third-Quarter 2015 Group Topics
Third-Quarter 2015 Group Topics Consolidated earnings: operating income declines ¥2.2 billion y-o-y (billions of yen) 3Q 2014 3Q 2015 Change In the Japanese Alcoholic Beverages Business, sales volume of beer and beer-type beverages declined to 93% of the same Net sales 379.3 388.1 8.7 period a yea
Slide 5: Third-Quarter 2015 Topics (1)
Third-Quarter 2015 Topics (1) Japanese Alcoholic Beverages Sales volume of beer and beer-type beverages down 7% y-o-y (total demand down 1%) － intensified competition in happoshu and new genre % Y-o-y change in beer sales volume Japanese beer business <Beer> Jan – Sep unchanged y-o-y (total demand
Slide 6: Third-Quarter 2015 Topics (2)
Third-Quarter 2015 Topics (2) International North American beer business performed well; competition intensifying in Vietnamese premium beer market; to review the strategy North American beer business Vietnamese beer business Focus on premium market; both Sleeman and Sapporo Domestic sales volum
Slide 7: Third-Quarter 2015 Topics (3)
Third-Quarter 2015 Topics (3) Food & Soft Drinks Domestic soft drinks sales volume were up 2% y-o-y (total demand was up 1%), while both domestic food and overseas soft drinks businesses finished 3Q with increased sales Lemon-based drinks and soup, which are our strength led Domestic Food and Soft
Slide 8: Third-Quarter 2015 Topics (4)
Third-Quarter 2015 Topics (4) Restaurants The restaurants business in Japan maintained net sales at about the same level as the previous year while it reduced the number of unprofitable restaurants Opened in April Restaurants business in Japan Garden Terrace Lion Ibaraki Campus, Billion Trends of
Slide 9: Third-Quarter 2015 Topics (5)
Third-Quarter 2015 Topics (5) Real Estate Yebisu Garden Place improved office occupancy rate. Drive forward refurbishment to boost attractiveness of the area <Yebisu Garden Place> Trend of average occupancy rate of Leasing of the space occupied by major tenants has been Yebisu Garden Place offic
Slide 10: 2. Overview of Third-Quarter 2015 Results
2. Overview of Third-Quarter 2015 Results Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 10/23
Slide 11: Overview of Third-Quarter 2015 Results (1)
Overview of Third-Quarter 2015 Results (1) Special factors in the business results from 1Q to 3Q (no change in items from 2Q) Operating Segment Factors Net sales impact income impact Change in reportable segment: New Sanko Inc. Japanese Alcoholic Changed from Japanese Alcoholic Beverages to Restaura
Slide 12: Overview of Third-Quarter 2015 Results (2)
Overview of Third-Quarter 2015 Results (2) YoY change (billions of yen) 2014 3Q 2015 3Q Net sales: up Y-o-Y (amount, %) Japanese Alcoholic ・ Japanese Alcoholic Beverages: sales volume of beer and Beverages 203.4 195.2 (8.1) (4.0)% beer-type beverages declined from the previous year due to the impa
Slide 13: Overview of Third-Quarter 2015 Results (3)
Overview of Third-Quarter 2015 Results (3) ＋8.7 Factors Contributing to Change in Net Sales y-o-y Overseas (billions of yen) Soft drinks Foreign 2015 3Q Sales exchange Sales Consolidated increase 1.0 increase: Net sales Increase Decrease 1.0 YGP and Ebisu First (4.0) Square 388.1 3.8 Sale of 0.6 res
Slide 14: Overview of Third-Quarter 2015 Results (4)
Overview of Third-Quarter 2015 Results (4) Factors Contributing to Change in Operating Income 2014 3Q Consolidated (billions of yen) (2.2） Operating y-o-ｙ income Increase Decrease 8.2 2015 3Q Consolidated Japanese Sales Operating food &Soft increase: income Beer and drinks YGP and beer-genre Sales E
Slide 15: Overview of Third-Quarter 2015 Results (5)
Overview of Third-Quarter 2015 Results (5) Implementation Status of Stgrategic Investments (including ordinary capex, on a cash bases) Direction of Long-Term Strategic Investment ① <Capital expenditure and lease fees> We will continue to actively carry out strategic investments Consolidated total:
Slide 16: 3. Revision of 2015 Full-Year Earnings Forecasts
3. Revision of 2015 Full-Year Earnings Forecasts Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 16/23
Slide 17: Revision of 2015 Full-Year Earnings Forecasts
Revision of 2015 Full-Year Earnings Forecasts 2015 (billions of yen) 2015 initial revised Change 2014 results Change forecasts Net sales: down ¥11.0 billion from initial forecasts forecast Japanese Alcoholic 290.2 277.0 (13.2) 281.8 (4.8) ・ Japanese Alcoholic Beverages: revised down the （単位：億円） Be
Slide 18: Reference: Supplementary Information to Third-Quarter 2015 Results and Data
Reference: Supplementary Information to Third-Quarter 2015 Results and Data *For information on the profitability of each business, please see the Supplementary Information to our Earnings Report. Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 18/23
Slide 19: Reference Material (1) Japanese Alcoholic Beverages: Beer and Beer-type Beverages Data
Reference Material (1) Japanese Alcoholic Beverages: Beer and Beer-type Beverages Data ＜Core brand sales volume Y-o-Y change (Jan-Sep)＞ ＜Beer and beer-type beverages sales volume change (Jan-Sep)＞ Total demand Sapporo 10,000 cases Beer, happoshu, new Beer Happoshu, new genre genre Beer, happoshu, Bl
Slide 20: Reference Material (2) Japanese Alcoholic Beverages: Multilayers
Reference Material (2) Japanese Alcoholic Beverages: Multilayers Jan-Sep sale value (billions of yen) Wine Japanese Promoting diversification of product offerings 10.0 wine Imported wine 9.3 8.9 8.0 7.4 7.8 8.3 <Japanese Alcoholic Beverage Business 5.3 6.0 4.9 5.1 Jan-Sep sales breakdown by category
Slide 21: Reference Material (3) International: Data
Reference Material (3) International: Data SLEEMAN Net Sales in Local Currency (Jan-Sep) Overseas expansion of SAPPORO brand (before elimination of inter-company transactions) Trend of overseas sales volume of SAPPORO brand products (Jan-Sep) (10,000 cases) Sapporo USA Net Sales in Local Currency (J
Slide 22: Reference Material (4) Food & Soft Drinks: Data
Reference Material (4) Food & Soft Drinks: Data Food & Soft Drinks <Soft Drinks (Japan): POKKA SAPPORO Food & Beverage Ltd.> <Lemon-based drinks> Japanese soft drinks sales composition POKKA SAPPORO Food & Beverage Japanese soft drinks sales volume by sales channel (Jan–Sep) sales composition (Jan-S
Slide 23: As an intrinsic part of people's lives, Sapporo will contribute to the evolution of creative, enriching and rewarding lifestyles
As an intrinsic part of people's lives, Sapporo will contribute to the evolution of creative, enriching and rewarding lifestyles. The earnings forecasts and forward-looking statements appearing in this document were prepared by the SAPPORO Group based on currently available information and its best