Lifedrink Company Inc. · TSE:2585
Lifedrink — Q2 FY2025 Earnings Presentation
26 slides from Lifedrink's earnings presentation, Nov 13, 2024
Slide 1: Financial Results for Q2 2025
Financial Results for Ｑ２ 202５ November 13 , 2024
Slide 2: Executive Summary: Q2 FY2025
Executive Summary： Q２ FY2025 Production volume increased by 13% (ＹoY) due to improved operating rates at (ＦＹ2025) LDC's existing factories, increased capacity at Nitto Beverage, and the start of Increased production at the Gotemba factory. production ・ Sales increased by 17% (ＹoY) due to securin
Slide 3: Q2 FY2025 Performance; Reference: Company Introduction
１．Q2 ＦＹ2025 Performance 2.（Reference） Company Introduction 3
Slide 4: Highlights: Q2 FY2025
Highlights ： Q2 FY2025 Production quantity*1 Revenue 37 24.0 Million cases*2 Billion yen YoY + 13% YoY + 17% Operating profit EBITDA 3.0 3.9 Billion yen Billion yen YoY ＋ 5% YoY ＋ 13% *1： Incl, Nitto Beverage, but not incl, Ikoma meisui. 4 *2： １box = 12L is calculated
Slide 5: Financial Results: Q2 FY2025
Financial Ｒesults ： Q2 FY2025 Sales increased by 3.6 billion yen (+17% YoY) due to an increase in production volume*1 (+13%). Operating income increased by 150 million yen (+5%) due to an increase in sales that exceeded the increase in fixed costs associated with the operation of the Gotemba Factory
Slide 6: Analysis of Operating Profit: Q2 FY2025
Analysis of Operating Profit： Q2 FY2025 Operating income increased by 150 million yen(YoY), as the increase in revenue covered fixed costs at the Gotemba factory, M&A costs, and increases in miscellaneous costs such as personnel and labor costs. Unit：MM JPY 876 1,610 ▲ 692 2,910 ▲ 1,250 3,061 Increa
Slide 7: Performance Progress: Q2 FY2025
Performance Progress：Q2 FY2025 The progress rate against the full-year forecast is 55% for sales and 53% for operating income. We believe that the progress is generally smooth compared to our expectations. FY2025 Plan Revenue Act24.0BN Progress 55% ４4.0ＢＮ Operating Act3.0ＢＮ Ｐrogress53% ５.７5BN Profit
Slide 8: Reference: Quarterly Performance Trends (1)
[Ｒeference] Quarterly Performance Trends (１) ■ ＦＹ２０２３ ■ ＦＹ２０２３ ■ ＦＹ２０２４ ■ ＦＹ２０２４ ■ ＦＹ２０２５ ■ ＦＹ２０２５ Unit：ｍillion cases*1 Unit：ｂｎ JPY Production quantity Revenue ＋2.3ｂｎ （+22%） ＋2.９ｍｎ （+17%） 12.7 19.6 11.3 18.1 10.4 16.6 16.7 9.9 14.8 14.6 8.9 8.8 13.6 14.1 8.0 7.9 7.2 7.0 16.3 14.3 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 9: Reference: Quarterly Performance Trends (2)
[Ｒeference] Quarterly Performance Trends(２) ■ ＦＹ２０２３ ■ ＦＹ２０２３ ■ ＦＹ２０２４ ■ ＦＹ２０２４ ■ ＦＹ２０２５ ■ ＦＹ２０２５ Unit：bn JPY Unit：bn JPY Operating profit/％ EBITDA/EBITDA% ＋310MM 20.0 （＋20%） 16.0% ＋530MM 14.3% 14.2% 25.0 （＋２９%） 20.0% 14.1% 18.0 18.0% 14.0% 18.0% 17.0% 16.9% 12.5% 15.7% 16.0 11.7% 20.0 15.2% 15.4% 1
Slide 10: Balance Sheet: Q2 FY2025
Balance Sheet： Q2 FY2025 Fixed assets increased by 1.1 billion yen due to the completion of capital investment at the Gotemba Factory, etc. Net interest-bearing debt also increased temporarily, but due to the steady acquisition of operating cash flow, the Net debt EBITDA ratio improved by 0.1 points
Slide 11: Cash flow: Q2 FY2025
Cash flow： Q2 FY202５ Operating cash flow increased by 1.1 billion yen (ＹoＹ) due to the operation of the Gotemba Factory, etc. In addition, we made growth investments such as capital investments at the Gotemba Factory and the acquisition of the carbonated water manufacturing base. FY202４ FY202５ Unit：
Slide 12: Growth Investment Results and Future Plans: Q2 FY2025
Growth Investment Results and Future Plans：Q2 FY2025 We have decided to expand water production line at Nitto Beverage. We also plan to take over the water production business in January 2025. FY2025 Unit：ｂｎ JPY Before Note FY2024*1 Full-year Q２ results forecast LDC Completion of capacity enhancem
Slide 13: Q2 FY2025 Topics: M&A and others
Ｑ2 FY2025 Topics：M&A and others With the aim of expanding production, we signed a contract to acquire the water production business on November 13, 2024. Additionally, PMI for M&A conducted after 2023 is progressing smoothly. New business acquisition PMI Progress Nitto Beverage Acquire shares in Jan
Slide 14: Q2 FY2025 Topics: Launch of new products
Ｑ2 FY2025 Topics：Launch of new products In the second quarter, we launched the Expo2025 MYAKU-MYAKU Natural Water as an official licensed product for the Expo 2025 Osaka, Kansai, Japan. Sales of Expo 2025 MYAKU- Sales of Aya-cha Jasmine Tea MYAKU Natural Water Sales start in July 2024 Sales star
Slide 15: Reference: Company Introduction
１．Q2ＦＹ2025 Performance 2.（Reference） Company Introduction 15
Slide 16: About us
About us Our head office is located in Osaka, and our main business is the drink and leaf business that manufactures and sells Mineral water, tea, and carbonated drinks. Issuer LIFEDRINK COMPANY, INC. (“LDC”) President and CEO Kuniaki Okano Founded 1950 (Established：1972) Head office Osaka-shi, Osak
Slide 17: History
History • Formed a capital and business alliance with Sunrise Capital, sub-advised by CLSA 2015 Capital Partners Japan Our company is 5２ years of 2016 • Established the Fuji Meisui Ashikaga factory (currently the Tochigi factory) establishment. 2017 • Changed the company name to Life Drink Company •
Slide 18: Corporate Philosophy
Corporate Philosophy Based on our corporate philosophy, “Center of Deliciousness, Foremost Reassurance”, we conduct according to action guidelines, “Only what you want your loved ones to drink”. Center of Deliciousness, Foremost Reassurance To “always” be close to our customers from babies to the el
Slide 19: Features and Strengths
Ｆeatures and Ｓtrengths We have the advantage of offering "low-price products" and ensuring "stable supply" through "mass production of fewer varieties," "high in- house coverage," and "nationwide expansion of factories. Specializing in 2L and 500ml of Mass water, tea and carbonated ｐroduction wate
Slide 20: Features and Strengths (Mass Production of less variety products)
Ｆeatures and Strengths （Mass Production of less variety products） The liquids available are water, tea, and carbonated water, with capacities concentrated in 2 liters or 500 milliliters. We aim to minimize waste in each process. Natural mineral water Carbonated water ZAO SODA 500ml/ 2L for EC 500ml
Slide 21: Features and Strengths (In-house/Nationwide Expansion of Factories)
Ｆeatures and Strengths （In-house/Nationwide Expansion of Factories） In-house production mainly reduces manufacturing costs, and nationwide expansion of factories reduces distribution costs. In-house production from Nationwide ｅxpansion of factories procurement to sales ﾚｼﾞﾝ PF （写真） （写真） Resin Pre-fo
Slide 22: Sales Channels
Ｓales Ｃhannels We build relationships with major retailers in each channel. Our e-commerce business is steadily expanding, with our main products and directly managed stores each winning the Rakuten Ranking Grand Prize. 「 Expansion of direct channels through EC Strong partnership with retailers deve
Slide 23: Initiatives for FY2025
Initiatives for ＦＹ2025 Our company aims to increase production capacity through expansion and acquisition, venture into the EC/D2C model, and enhance productivity to elevate corporate value. Evolution and deepening of max production and max sales ＝Increase/acquire production capacity Increase prod
Slide 24: Sustainability Policy and Materiality
Ｓustainability Ｐolicy and Ｍateriality Based on our sustainability policy, we aim to achieve both the promotion of sustainability and the improvement of corporate value from a long- term perspective. Establishi Sustainability ng stable supplying Policy system Manageme Sustainable Fulfill our social n
Slide 25: Disclaimer
Disclaimer This document has been prepared by LIFEDRINK COMPANY, INC. (the “Company”) solely for information purpose only. This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the C
Slide 26: LIFEDRINK COMPANY
LIFEDRINK COMPANY LIFEDRINK COMPANY