Asahi Group Holdings Ltd · TSE:2502

Asahi — Q3 2021 Earnings Presentation

18 slides from Asahi's earnings presentation, November 2021

Slide 2: 2021 Q3 Financial Results Highlights
2021 Q3 Financial Results Highlights (Constant Currency Basis) ◆ Core Operating Profit for Q3 (Jan-Sep) increased by 15.7% driven by Overseas, but was below the plan mainly due to Alcohol Beverages and Soft Drinks. ・Alcohol Beverages: YoY decline in revenue and profit due to the sluggish on-premise
Slide 3: Financial Results Highlights (Actual Currency Basis)
Financial Results Highlights (Actual Currency Basis) ＜Revenue and Core operating profit （actual currency basis）＞ (JPY billion) vs Prev. forecast 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Alcohol Beverages Business 503.
Slide 4: Sales Trend by Region
Sales Trend by Region ◆ Monthly Sales in the Key Businesses (January 2020 - September 2021) 【Alcohol Business (Japan)】 Jan-Sep 2021 Revenue: -10％ YoY ・ State of emergency has been re-declared in some areas 20% *Value basis (Beer-type Beverages total) since January of this year. 10% ・ Sales recovered
Slide 5: Alcohol Beverages Business (Revenue of Beer-type/Sales Volume by Brands)
Alcohol Beverages Business (Revenue of Beer-typed/Sales Volume by Brands) <Sales Volume by Brands> (Millions of cases) <Market Trend> (Volume basis) 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) 2021 vs Prev. Q3 YoY YoY (Amount / %) YoY (Amount / %) Est. YoY forecast Super Dry
Slide 6: Alcohol Beverages Business (Revenue)
Alcohol Beverages Business (Revenue) <Revenue> (JPY billion) 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) vs Prev. forecast (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Asahi Breweries Revenue 502.3 - 44.5 - 8.1% 722.9 - 22.4 - 3.0% - 17.7 Other/elimination in segme
Slide 7: Alcohol Beverages Business (Core OP)
Alcohol Beverages Business (Core OP) <Core Operating Profit> (JPY billion) 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) vs Prev. forecast (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Change in sales, category and container mix - - 10.7 - - 0.7 - 6.6 Cost reduction i
Slide 8: Soft Drinks Business (Sales Volume)
Soft Drinks Business (Sales Volume) <Sales Volume> (Millions of cases) <Market Trend> 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) 2021 vs Prev. Q3 YoY YoY (Amount / %) YoY (Amount / %) Est. YoY forecast Carbonated drinks 62.17 0.37 0.6% 81.10 2.90 3.7% - 1.40 Approx. 1% - Lac
Slide 9: Soft Drinks Business (Core OP)
Soft Drinks Business (Core OP) <Core Operating Profit> (Millions of cases / JPY billion) vs Prev. forecast 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Sales Volume Total 190.12 - 1.59 - 0.8% 250.65 1.97 0.8% - 5.35 Reven
Slide 10: Food Business (Revenue/Core OP)
Food Business (Revenue/Core OP) <Revenue> (JPY billion) 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) vs Prev. forecast (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Asahi Group Foods 91.4 1.7 1.9% 124.3 1.1 0.9% - 4.1 Other / elimination 0.3 0.1 43.3% 0.4 0.1 35.6% 0
Slide 11: Overseas Business (Revenue)
Overseas Business (Revenue) <Revenue> *including liquor tax (JPY billion) vs Prev. forecast 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Europe Business 365.1 41.4 12.8% 489.8 78.8 19.2% - Oceania Business * 349.2 147.9 7
Slide 12: Overseas Business (Core OP)
Overseas Business (Core OP) <Core OP> (JPY billion) vs Prev. forecast 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Europe Business 59.5 6.7 12.6% 73.9 13.6 22.5% - 2.2 Oceania Business * 53.4 39.6 284.9% 82.5 49.5 150.3%
Slide 13: Overview of Europe Business Results
Overview of Europe Business Results ◆ Results on Local Currency Basis *Excluding the impact of currency translation of local currencies into Euro khl、million Euro vs Prev. Forecast Q3 (9 months YoY*2 Full-year Forecast YoY*2 (announced on ended Sep 30) Aug 10) *3 Sales Volume 32,307 0% 42,549 5% - N
Slide 14: (Reference) Recovery in Major Countries (Europe)
(Reference) Recovery in Major Countries (Europe) ◆ Monthly Beer Sales Volume in the Key Countries (January 2020 - September 2021) 【Czech】 3Q 2021：Sales Volume -5％【Poland】 3Q 2021：Sales Volume -3％ FY2019 ：On-premise Ratio approx.40％ FY2019 ：On-premise Ratio Mid-single Digit 30% 20% 20% 10% 10% 0% 0%
Slide 15: Overview of Oceania Business Results
Overview of Oceania Business Results ◆ Results on Local Currency Basis million AUD vs Prev. Forecast Q3 (9 months YoY *3 Full-year Forecast YoY *3 (announced on ended Sep 30) Aug 10) Alcohol Beverages *1 2,069 73% 2,954 40% - Non-alcohol Beverages *1 828 9% 1,178 6% - Net Sales (exc liquor tax) *1 2
Slide 16: Operating Profit/Profit Attributable to Owners of Parent
Operating Profit/Profit Attributable to Owners of Parent (JPY billion) 2021 Q3 (9 months ended Sep 30) 2021 forecast (announced on Nov 10) vs Prev. forecast (announced on YoY (Amount / %) YoY (Amount / %) Aug 10) Revenue 1,620.3 148.9 10.1% 2,246.0 218.2 10.8% - 30.0 Core Operating Profit 154.3 28.3
Slide 17: <Reference> FX Impact
＜Reference＞FX Impact ◆ FX Impact on P/L (Result and Forecast) ◆ FX Sensitivity for 2021 (JPY billion) <Impact of 1 yen change (full year)> Q3 2021 forecast (JPY billion) (9 months (announced on Currency Assumption Revenue Core OP Business Currrency ended Sep 30) Nov 10) Euro 129.5 ±3.8 ±0.6 Results
Slide 18: Information in this material is not intended to solicit sale or purchase of shares
Information in this material is not intended to solicit sale or purchase of shares in Asahi Group Holdings. The views, estimates and other information expressed in this document are based on the company's judgment at the time of publication, and no guarantees are provided regarding the accuracy of s

Asahi Group Holdings — Q3 2021 Earnings Presentation on 6ix

Asahi — Q3 2021 Earnings Presentation

Slide 1: Q3 2021 Financial Results Presentation

Slide 2: 2021 Q3 Financial Results Highlights

Slide 3: Financial Results Highlights (Actual Currency Basis)

Slide 4: Sales Trend by Region

Slide 5: Alcohol Beverages Business (Revenue of Beer-type/Sales Volume by Brands)

Slide 6: Alcohol Beverages Business (Revenue)

Slide 7: Alcohol Beverages Business (Core OP)

Slide 8: Soft Drinks Business (Sales Volume)

Slide 9: Soft Drinks Business (Core OP)

Slide 10: Food Business (Revenue/Core OP)

Slide 11: Overseas Business (Revenue)

Slide 12: Overseas Business (Core OP)

Slide 13: Overview of Europe Business Results

Slide 14: (Reference) Recovery in Major Countries (Europe)

Slide 15: Overview of Oceania Business Results

Slide 16: Operating Profit/Profit Attributable to Owners of Parent

Slide 17: <Reference> FX Impact

Slide 18: Information in this material is not intended to solicit sale or purchase of shares