Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — H1 2023 Earnings Presentation
24 slides from Sti Foods's earnings presentation, Aug 9, 2023
Slide 1: Results Briefing Materials for the First Half of the Fiscal Year Ending December 31, 2023
Results Briefing Materials for the First Half of the Fiscal Year Ending December 31, 2023 Standard Market of the Tokyo Stock Exchange (Securities Code: 2932) IR e-mail distribution registration (Japanese only) https://www.magicalir.net/2932/mail/index.php August 9, 2023
Slide 2: Summary of financial results for the first half of the fiscal year ending December 31, 2023
Summary of financial results for the first half of the fiscal year ending December 31, 2023 1
Slide 3: Summary of consolidated financial results
Summary of consolidated financial results Net sales Ordinary income Ordinary income ratio 1H FYE December 31, 2023 14,835 million yen 1,074 million yen 7.2% (January to June 2023) 1H FYE December 31, 2022 12,866 million yen 704 million yen 5.5% (January to June 2022) Trends in semi-annual results Ne
Slide 4: Consolidated statement of income
Consolidated statement of income (Unit: million yen) 1H FYE December 31, 2022 1H FYE December 31, 2023 (January to June 2022) (January to June 2023) Results Sales ratio Results Sales ratio YoY Change Net sales 12,866 - 14,835 - 115.3% 1,968 Cost of sales 9,385 72.9% 10,683 72.0% 113.8% 1,297 Gross p
Slide 5: Consolidated balance sheet
Consolidated balance sheet (Unit: million yen) Ratio of FYE 12/2022 FYE 12/2023 increase/ Change Year end End-1H decrease Current assets 9,139 8,104 88.7% (1,034) Of which, cash and 2,686 2,720 101.2% 33 deposits Non-current assets 4,666 4,712 101.0% 45 Of which, property, plant 4,035 4,142 102.7% 1
Slide 6: Growth rate and progress versus earnings forecast
Growth rate and progress versus earnings forecast 5
Slide 7: Growth rate and progress versus earnings forecast
Growth rate and progress versus earnings forecast Net sales grew by about 145% and ordinary income by about 305% over the four years since listing. Steady progress versus earnings forecasts for FYE December 31, 2023 Unit: million yen Net sales Ordinary income Net income attributable to owners of
Slide 8: Priority measures and strategies
Priority measures and strategies 7
Slide 9: Another look at priority measures
Another look at priority measures ■ Creating a strong corporate Group through contributions to the business from the raw material procurement, manufacturing, and intellectual property departments. Thorough commitment to Enhance and expand Intellectual property rights procuring raw materials manufact
Slide 10: Priority measures: production capacity expansion and aquaculture
Priority measures Changes in maximum capacity (number of days) Efforts to boost production capacity (Unit: thousands of meals) 1,000 STI Foods STI Enak ■ Further expansion planned for STI Miyagi daily line STI Delica STI Miyagi expansion Kinki plant / M&As, etc. Room for ■ Various areas in the Kansa
Slide 11: Earnings forecast and shareholder return policy
Earnings forecast and shareholder return policy 10
Slide 12: FYE 12/2023 full-year earnings forecast
FYE 12/2023 full-year earnings forecast Although 1H FYE 12/2023 is progressing smoothly versus the performance forecast, we will maintain our current forecast for the time being as we assess market trends moving forward. FYE December 31, 2022 FYE December 31, 2023 Earnings Results Sales ratio Sale
Slide 13: Shareholder return policy
Shareholder return policy There are no changes to our policy of maintaining dividends at the same level as the previous fiscal year and providing shareholders with shareholder benefits twice a year. [Dividends] FYE 12/2021 results FYE 12/2022 schedule FYE 12/2023 forecast Dividend per share 55 yen
Slide 14: 35th anniversary
35th anniversary STI Foods Holdings, Inc. will celebrate its 35th anniversary on December 1, 2023. We would like to express our deep gratitude to all the stakeholders who have supported us over the years. 13
Slide 15: Appendix
Appendix 14
Slide 16: Company profile / business description
Company profile / business description Company profile Name of STI Foods Holdings, Inc. Establishment November 2017 (founded in December 1988) company 1-15-14, Minami Aoyama, Minato-ku, Number of Headquarters 283 (including 885 temporary employees) Tokyo employees *As of the end of December 2022, th
Slide 17: Group and production bases
Group and production bases The Group is formed of STI Foods Holdings, six consolidated subsidiaries and one non-consolidated subsidiary. Each plant has its own specialties and products, and by combining them, the manufacturing system Overseas can handle any of the three temperature ranges (chill
Slide 18: Strengths of the business: Manufacturing technologies and patents
Strengths of the business: Manufacturing technologies and patents Research and development of new manufacturing methods and unique marine food products that do not exist in the world using technologies with high barriers to entry Nurture food professionals: Enhance Taking on the challenge of new pro
Slide 19: Strengths of the business: Improvement of taste quality through integrated production
Strengths of the business: Improvement of taste quality through integrated production Thorough temperature control and reduction in the number of thawing cycles in the integrated production (cooking) process to improve the quality of taste Manufacturing process for grilled fish prepared foods Stan
Slide 20: Strengths of the business: Balancing food loss and cost reduction
Strengths of the business: Balancing food loss and cost reduction Reduce raw material costs by thoroughly addressing food loss with a product portfolio that uses up all ingredients. Integrated production system that achieves both deliciousness and reduced raw material costs Procurement Integrated
Slide 21: SDGs initiatives
SDGs initiatives We will reduce the burden on the environment and society in all parts of the value chain, from procurement, processing, distribution, consumption, and disposal, and work to solve social issues through business. Social issues Initiatives Targets Procurement of sustainable raw Respons
Slide 22: 2022 - 2023 Project
SDGs initiative: Promoting the sale of Miyagi Prefecture Suisan High School’s Kinka Canned Mackerel Supporting recovery efforts in collaboration with local high school students in Ishinomaki, Miyagi Prefecture, which was severely affected by the Great East Japan Earthquake 2022 - 2023 Project In Jap
Slide 23: SDGs initiative: Formulation of Group Human Rights Policy
SDGs initiative: Formulation of Group Human Rights Policy STI Foods Holdings Group understands and supports the minimum principles and standards that should be adhered to as outlined in the United Nations International Bill of Human Rights and the ILO’s Declaration on Fundamental Principles and Righ
Slide 24: [Precaution]
[Precaution] The forward-looking statements contained in this document are based on management's assumptions and beliefs in light of the information currently available, and are subject to change due to macroeconomic conditions and industry trends. Accordingly, please be aware that there are risks a