Asahi Group Holdings Ltd · TSE:2502
Asahi — Q3 2022 Earnings Presentation
16 slides from Asahi's earnings presentation, Nov 10, 2022
Slide 1: Q3 2022 Financial Results Presentation
Q3 2022 Financial Results Presentation November 10, 2022
Slide 2: Revenue / Core Operating Profit
Revenue / Core Operating Profit (Constant Currency Basis) (Constant Currency Basis) Q3 2022 (JPY billion) Change YoY Change YoY (9 months) Forecast Revenue Japan 969.4 95.9 11.0% 1,317.5 98.1 8.0% Europe 436.8 49.8 13.7% 565.1 78.2 16.5% ➢ +10.3% YoY in total mainly due to increase in sales volume a
Slide 3: Operating Profit / Profit Attributable to Owners of Parent
Operating Profit / Profit Attributable to Owners of Parent (Actual Currency Basis) (Actual Currency Basis) Q3 2022 (JPY billion) Change YoY Change YoY (9 months) Forecast Revenue 1,849.9 229.6 14.2% 2,450.0 213.9 9.6% Core Operating Profit 176.9 22.6 14.6% 240.0 22.1 10.1% Operating Profit Adjustmen
Slide 4: Improvement in Unit Sales Price/Cost Increases
Improvement in Unit Sales Price/Cost Increases ◆ Improvement in Unit Sales Price（Jan-Sep YoY） Japan Australia Europe (Alcohol Beverages) (Alcohol Beverages) Beer-Type Beverages Unit Price （Excluding Liquor Tax） ＋1.3％ +11.6％ +4.8％ *Including non-alcohol category Ref: Overall Business Revenue （Excludi
Slide 5: Japan
Japan Q3 2022 Revenue (JPY billion) Change YoY Change YoY (9 months) Forecast ➢ +11.0% YoY in total due to recovery in Alcohol Beverages Business 585.1 81.6 16.2% 795.2 73.0 10.1% Alcohol Beverages Business and strong sales of beer cans, as well as the effect of Non-Alcohol Beverages Business 278.2
Slide 6: Japan (Alcohol Beverages: Revenue/Sales Volume)
Japan (Alcohol Beverages: Revenue/Sales Volume) (JPY billion) Q3 2022 (Beer-typed beverages) *Before rebate deduction Change YoY Change YoY (9 months) Forecast ➢ +19.2% YoY due to sales decreased for Beer-type beverages 442.7 71.3 19.2% 610.1 71.4 13.2% new genre, but recovered for on- Whiskey and s
Slide 7: Japan (Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Alcohol Beverages: Breakdown of Changes in Profit) Q3 2022 (JPY billion) Change YoY Change YoY (9 months) Forecast Change in sales, category and container mix - 29.0 - 33.0 Cost reduction in manufacturing - 0.9 - 1.0 Cost increase in manufacturing - - 7.0 - - 14.9 Factors Contributing to Adve
Slide 8: Japan (Non-Alcohol Beverages: Sales Volume)
Japan (Non-Alcohol Beverages: Sales Volume) Q3 2022 (Millions of cases) Change YoY Change YoY (9 months) Forecast Carbonated drinks 65.42 3.26 5.2% 83.80 3.48 4.3% Sales volume Lactic acid drinks 35.13 2.13 6.5% 44.00 1.82 4.3% ➢ +4.9% YoY due to sales expansion in Coffee 24.14 - 1.74 - 6.7% 34.00 -
Slide 9: Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit) Q3 2022 (JPY billion) Change YoY Change YoY (9 months) Forecast Change in sales, category and container mix - 3.1 - 10.3 Cost reduction in manufacturing - 1.2 - 1.8 Cost increase in manufacturing - - 7.4 - - 10.8 Advertisement and Sales p
Slide 10: Europe
Europe Q3 2022 Sales Volume （Khl／million Euro） Change *1 YoY *1 Change *1 YoY *1 (9 months) Forecast ➢ +2.7% YoY due to growth in local Revenue premium categories including NAB and (Incl. liquor tax) 3,210 384 13.7% 4,217 602 16.5% expanded development of global brands. Core OP*1 450 - 13 - 2.9% 555
Slide 11: Oceania
Oceania Q3 2022 (million AUD) Change YoY Change YoY (9 months) Forecast Revenue Revenue 4,463 225 5.3% 6,340 280 4.6% ➢ +5.3% YoY due to the increased sales volume of Alcohol Beverages Business Core Operating Proifit 712 63 9.7% 1,176 169 16.8% and Non-Alcohol Beverages Business centered on mainstay
Slide 12: Reference
Reference
Slide 13: Sales Trend by Region
Sales Trend by Region Japan (Alcohol Beverages) *Value basis (Beer-type Beverages total) YoY Vs 2019 ⚫ Jan-Sep, 2022 Results ・Revenue +19.2% YoY (-10% vs 2019) On-premise: +high 60% range YoY (- Approx. 40% vs 2019) Off-premise: +high single digit YoY (+Low single digit vs 2019) *Figures by channel
Slide 14: FX Impact (Q3 Results)
FX Impact (Q3 Results) (Actual Currency Basis) (Constant Currency Basis) Q3 (JPY billion) Prev. Year Change YoY FX Impact Change YoY <Exchange Rate Trends> (9 months) Japan 969.4 873.4 95.9 11.0% - 95.9 11.0% Q3 2022 Q3 2021 (Yen) (9 months) (9 months) Europe 436.8 365.1 71.7 19.6% 21.8 49.8 13.7% E
Slide 15: FX Impact (Full-Year Forecast)
FX Impact (Full-Year Forecast) (Actual Currency Basis) (Constant Currency Basis) (JPY billion) 2022 2021 Change YoY FX Impact Change YoY <Exchange Rate Trends> Forecast Results 2022 2021 Japan 1,317.5 1,219.4 98.1 8.0% - 98.1 8.0% (Yen) Forecast Results Europe 565.1 474.4 90.7 19.1% 12.5 78.2 16.5%
Slide 16: 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