Orion Breweries, Ltd. · TSE:409A

Orion Breweries — Q3 FY2026 Earnings Presentation

40 slides from Orion Breweries's earnings presentation, Feb 10, 2026

  1. Slide 1: FY2025 Q3 Earnings Presentation

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  2. Slide 2: Q3 results summary

    FY2025 3Q 2026 3 3 2026 3 235 105% 9/25 100 41 129% 9/25 112 EBITDA 53 118% 9/25 109 2026 3 9/25 296 103% 9/25 99 41 120 9/25 105 2026/2/10 EBITDA 57 110 9/25 104 GHD 9/25 RevPAR 1

  3. Slide 3: Orion

    Orion 0263 AH S30+HREZ

  4. Slide 4: Consolidated results summary

    FY2025 3Q  GHD  2026年 3月期 2025年 3月期 9/25公表 （百万円） 前期比 (%) 3Q 3Q 計画比 (%) 23,570 22,540 104.6% 99.6% 18,922 17,764 106.5% 99.2% 4,647 4,777 97.3% 101.1% 19,263 18,225 105.7% - 4,181 3,236 129.2% 112.4% 3,408 2,915 116.9% 109.9% 780 328 237.5% 124.7% 4,015 3,333 120.5% 111.7% 3,496 2,255 155.0% 111.4%

  5. Slide 5: Alcoholic and soft drinks business results

    FY2025 3Q  EBITDA +2.9   RevPAR EBITDA +6.0 +8.7 +16.3 +5.7 +17.7 -2.7 +21.8 4

  6. Slide 6: Alcoholic beverage and RTD results

    FY2025 3Q   25 4 GHD -1.7  RTD -2.6 +4.6 +3.6 -2.6 -1.7 RTD +29.9 +4.9 +150.8 +92.0 +48.7 +23.1 5

  7. Slide 7: Tourism and hotel business results

    FY2025 3Q EBITDA   4Q RevPAR 25.0 27.9 6

  8. Slide 8: Balance sheet and financial position

    [Eg sence Orion © BE AUAUMTIVRBOSHC KSRERERY SEBACUC, HRA A7, 4388 5A. © AR AEA, ARO BCR RORY ESOROICKY, RAR AG 5315 5A. C SeWIRR ) (BSF) 20263 AH3QRat 20253 AHA BEA 43,436 50,875 A7,438 mMBeae 18,060 18,968 A907 Aran 25,376 31,907 A6,531 Net SatAiiim 7,434 3,863 +3,571 Net D/ELY A (4#) 0.41 0.20 +0

  9. Slide 9: Orion

    Orion

  10. Slide 10: Full-year forecast revision

    FY2025 2026 3 9/25  9/25  GHD  RevPAR 2025年 2026年 （百万円） 前回発表対比 9/25発表 2/10発表 売上高 30,106 29,683 98.6% -422 内 酒類清涼飲料事業 24,456 23,965 98.0% -491 内 観光・ホテル事業 5,649 5,718 101.2% +68 営業利益 3,945 4,160 105.4% +214 内 酒類清涼飲料事業 3,494 3,559 101.9% +65 内 観光・ホテル事業 462 611 132.3% +149 経常利益 3,788 3,957 104.4% +16

  11. Slide 11: Forecast by quarter and progress rate

    2026 3  1 9/25 40  4Q A B C 2026年 3月期 前期比 (%) 4Q (百万円） 2026年 3月期 2026年 3月期 2025年 3月期 3Q進捗率（％） 1Q 2Q 3Q B/C 業績予想 3Q （修正通期計画） A/B 売上高 23,570 29,683 28,866 102.8% 79.4% 7,045 8,739 7,785 6,112 内 酒類清涼飲料事業 18,922 23,965 22,728 105.4% 79.0% 5,739 6,666 6,516 5,042 内 観光・ホテル事業 4,647 5,718 6,138 93.2% 81.3

  12. Slide 12: Business initiatives

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  13. Slide 13: RevPAR

      9 RevPAR +8.1 +12.1 +4.2 +10.1 6.8 +4.4 12

  14. Slide 14: EBITDA change analysis

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  15. Slide 15: Shareholder returns and EBITDA margin

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  16. Slide 16: Appendix

    Orion Appendix

  17. Slide 17: Topics

    Orion AYR RICMIT ERY HY (2025/11/12 ROR Bis)

  18. Slide 18: Initiatives in focus

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  19. Slide 19: Opportunity

    Opportunity 11/12   FY19:13 FY25 28 4.9 24.7 30.9 15.1 1.6 18

  20. Slide 20: Opportunity

    Opportunity 11/12   • • • • • 19 10/26 11/1

  21. Slide 21: Opportunity

    Opportunity 11/12   EC • • • • • 20

  22. Slide 22: Opportunity

    Opportunity   UK UK • • • • • • • • • • 21

  23. Slide 23: Opportunity

    Opportunity 11/12   • • • 8/29＠表参道 WALL&WALL 9/27 ラゾーナ川崎 9/2～＠ららぽーとTOKYO-BAY 10/15～＠あべのハルカス近鉄本店 22

  24. Slide 24: Opportunity

    Opportunity 11/12  Re PAR  • • • • • • • 20 23

  25. Slide 25: Opportunity

    Opportunity  50% CF 7.5% 15% 2 CF 24

  26. Slide 26: Tourism and GDP trends

    GDP 2024    7.0  2.2 969 966  137.3 146.9   2007 2023  GDP 160.0 13.3 7.5 3,783 9,835 3.74 4.37 2011 2025 2011 2021 25

  27. Slide 27: Appendix: market data

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  28. Slide 28: Appendix: brand initiatives

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  29. Slide 29: Company history and brands

    1957 2025 2019 WATTA 2024 2019 2022 natura 2018 75 2002 2014 1975 1972 1966 1959 1957 1945 28

  30. Slide 30: Mission

    PRED 5, AB SBE HARE, SeRAIC.

  31. Slide 31: Orion at a Glance

    | Woe Orion at a Glance Orion © OrionFSVREROU CT, FRAICS CBECSREE EI o RA BAICSIFSAUAY- F- RIDREROS UCR CO SU MRE Orion FY24%be: 28,867855 ( REROMRCHR (EEA) ) C i ae ») (EUREKA) (BSE RTL 27,274 (81.6%) 6,139 (18.4%) “a Orion ees oe, of prs 2 3 iB. Pianw ai Ut Ga 3%) C AUADRT VERT II—F&AN 6,806 (20.4

  32. Slide 32: Brand ranking and strengths

    EARS SE—ILISUR AVA VISHMBERRS SE—IVISIREUT, BUM EBLTS EDMMOAVAY FRITH TERLEN, MRE HE EAMMOAVAY--RIDb DERON. Soe B Snot e- RICHI TUT he AUAY- Y- RSD bse bette (5A) BA Oral sete ets 9,556 BRIOAb ARSE! 8,680 Bee 7913 Pt | eeouk | mest 20 UYE-IL 76.2 3 PHEEIL 75.4 4 dyttoe— 74.4 FYI9. -FY20.-FY21.—s#FY2

  33. Slide 33: Appendix

    Appendix  5 24 15 • • • • • • • • • • • • ⾧ • • • ⾧ • • • • 32

  34. Slide 34: Appendix: sales channels

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  35. Slide 35: Appendix

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  36. Slide 36: Appendix: new products

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  37. Slide 37: Appendix: new products

    | Saas RI DESea ot yt v7 Orion Orion: natura © MONSUTA (A-AZARSUP BRE) 36

  38. Slide 38: RYUKYU CREOLE

    Opportunity  RYUKYU CREOLE  • • • • 37

  39. Slide 39: Orion Island Waves

    Appendix Orion Island Waves - Beachside Music Festival - • • • • • • 38

  40. Slide 40: Slide 40

Orion Breweries — Q3 FY2026 Earnings Presentation on 6ix