Ezaki Glico Co., Ltd. · TSE:2206

Ezaki Glico — FY2024 Earnings Presentation

45 slides from Ezaki Glico's earnings presentation, Feb 13, 2025

  1. Slide 1: 2024年12月期 通期決算説明資料

    FOPMNBBA. WE DIBA Glico 245F 128A i RA Ae HAS Ti Jest aE3$I—-K 2206 2025.02.1315 8 2025.02.14aitHAS AE

  2. Slide 2: 目次

    目次 Ⅰ. 24年12月期 通期業績報告 P. 3~16 Ⅱ. 25年12月期 通期業績計画 P.17~23 Ⅲ. 中期経営計画について P.24~38 ※ 補足資料 P.39~44 ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 2

  3. Slide 3: 24年12月期 通期業績報告

    Ⅰ. 24年12月期 通期業績報告 ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 3

  4. Slide 4: 24年12月期 通期業績サマリー

    242F12ARA OYU— Btls): FDR owe LORS (CLOG Lik, SRIF A0.4 MOU m 2 S27les : BOBS CAAIBOEA CFA, SRIF 240.6% iS ests :3,7008H (xa +11.7%) m =7e8 : 1808 (xa +62.7%) m BUST (FY22-24) : BttROMMaaS, MooMbss bebe CASK CESS m SP HSt(FY25-27) : MBSE CLSFA El HeHR, ROE 6 ~8%OiEKE BEST ©2025 Ezaki Glico Co., Ltd.

  5. Slide 5: 連結業績

    mm ESOL ico Ble : FNS LOR A CLOSE _Limk, SBI A0.4 DIX m SSF : OSS CABO RAN CAM, MBIT £40.6%OiaES (34 : fF) 234F1 2AM 244127 SH ese ALS 3,325 3,311 40.4% ea de 186 110 440.6% ade 212 133 437.3% BAAD AAS 141 81 442.6% SSF ee 5.6% 3.3% - ©2025 Ezaki Glico Co., Ltd. All Rights Reserved

  6. Slide 6: 連結損益計算書

    BRT ROTO Gfice- (8547 : (9) 234F12ARA 244F12AHA als 3,325 100.0% 3,311 100.0% Fo LiRih 2,087 62.8% 2,034 61.4% Fo Liha 1,238 37.2% 1,276 38.6% EERE 261 7.9% 272 8.2% eaaBesS 108 3.3% 116 3.5% Lae 127 3.8% 158 4.8% Affe B+ 320 9.6% 342 10.4% eS - (e418 233 7.0% 276 8.4% feat RU iS if at 1,052 31.6% 1

  7. Slide 7: 営業利益の増減要因

    BRO eK Gpico- BEN § : RMtCOhADNSMNTSb0O0., SLAP RMA. RSE A OR MCL es Bt : SHISPRMOCOMARMORNC LOe (B47 : (2) 250 mis2s meet +119 m7 200 Ai12 Pe A BlNai3 a6 A38 150 A BNa4s A EAa2i 100 A74 |W BA+86 64 186 A BiWa81 Py Fasa40 110 50 0) 23/1288 ALB ate RMGOTOM BARE RFE — AEE 24/1238 EASE RBCKSMM RHIC LRH

  8. Slide 8: セグメント別売上高

    CIXD MSIF EBOKSE pico EEA : FLMaimeS OSS CUR, MHI 4.8% Best : EICHHS CHM, E+ 15.6% (S47 : FA) 234F12AH 244F12AHH mM Ga 3,325 3,311 A0.4% (BIA) 2,613 2,488 A4.8% sR - RoaSs 504 466 A7.6% 9S 696 560 A19.5% FRR SS 618 647 +4.6% Boks 133 139 +4.4% EANtoOhSs 659 673 +2.2% et} SB 712 823 +15.6% <@=> iRSL-

  9. Slide 9: セグメント別営業利益

    PIX aE SEFIZROIT Gice- SEAN : SCAB Os LMSICE), WA A81 SUMO wets H(CHE COs HESICEO, RIE + 101.4% 0182 (S47 : FA) 234F12AHH 244F12AHH ro r=) 186 110 440.6% (EIA) 144 26 A81.5% ie Rms 20 Al - PLES 5 A63 - RESTS 65 51 A20.3% Bors 24 20 A13.9% HINtoOhes 20 a0 - alae 8 19 +123.4% Se 41 83 +101.4% ©2025 Ez

  10. Slide 10: セグメント別業績: 菓子・食品

    4 Glico COX hall : HR: Aan dla a @R-BmBACSENSERTIDVE : 7 —EY BOR, SUNAO, JVED, 742OH, DONBURI= BIO NSES : UM, SBT 7.6% 466/84 mw COX> bess eR, HE 22/8 Oa 118A LAT Like S|ChSY—EY PARSONS IEO RACES Bas! 6: PED RRA, NCD, 7A ZORS IIR 550 30 504 P—-EY KIO Tas 500 20 (4Y7—-YSRI+) str 83 466 m ERR TB 450 1

  11. Slide 11: セグメント別業績: 乳業

    VIX hall : FLERB Glico B COBMICSENSERTIVE : = BifiXS-—DILK, De¢APYhI—->, 2IVTI-YIP-AA, HILA-L, FvFVTFUY B COX LES : UM, HIE A 19.5%O560/84 : aS, SHRITE a 68/8AO 26318 mw UID hz LAF LS (CLO FEEL: FL SO Wee LEASE Bans: SV¢PYNI->Y, tIYT1-YPAAZSIHSM 750 150 696 700 100 650 50 600 ) 550 -50 500 -100 ©202

  12. Slide 12: セグメント別業績: 市販用

    CIXV hal : RBS SS Glico TOBRICSENSERTIVE : siltw+—, EAD, FUyy, AFVI CIXAY NSS ES : HEU, SHRITE+4.6% 0647/8 CIXY MUS: aa, TE A 13/805 1/8 siw+—--EZISOMES LB MDA, DAAMME SES (Ck CIANBOI m Mons!) =: Ay+—, EAD, TUyy SAS 700 100 647 650 80 618 600 60 550 40 500 20 234F125 MA 244712 AM er: 9) ak: Lt a: Ht

  13. Slide 13: 海外事業

    CIXY Nall +5 NB o FE (B42 : BAZ) sts 1,482 1,871 +26.3% ae Iran 143 228 +59.5% @ ASEAN* (HART : BACKRID) sls 128 130 +1.4% ee bang A1i0 0) - o*KE** (BIRT + BKRIL) sls 114 101 A11.2% ee i basy 21 23 +12.4% ©2025 Ezaki Glico Co., Ltd. All Rights Reserved *ASEANODS RAMA. BHO24F12A A SML— bh CMSA OK ES,

  14. Slide 14: 海外事業: 中国

    CIS Nall : OBE (CF a)ER)) SERRE C iF eas HAASBCOwWOAY+— @ igi : CAZoy high (ADS1Y) . STRIFE A9.0% BescotsS : hie -BSA-AC1SB71 BA. MAI +26.3%O018M wm Flas : 22887. MAE+59. SUOMI m itis) §=6: 1-2REBTHRSUCHAR FAIL VIVE) AOHERTIELMMARLEED, 1Q (20244F1A) ¢4Q (20244F12A) (CaO ZeAzS= +19% 1+ 29RABTBOF LIEB

  15. Slide 15: 海外事業: ASEAN

    CIX> NS! : BOB (ASEAN) Gpico mw igs : EAD hh, 97 (SHTRIFE + 9.3%, 4 ERD PSSTRISE + 6.8% este: Way TREN -—Z2130RHUSS, RIE + 1.4% O1BIN m 22728 : 5475US$, Wa + 1OBDUS$ CRT EaiB m ital =: S44, P—EY SORIA, Myt-FLY LOWAbHORAlL RF AVERYS Cd, MMS aa \OL— AMBRE, RABE CER AYIPYIARP le CRAVE —EYR ©2025 Ezaki

  16. Slide 16: 海外事業: 韓国

    CIXY ABI > SABE CKED) Gice- Thigii : FaIL—Nhia, WATE 0.3% sob : ie Bite —-ACISLAAUSS, SATE &11.2%O RU Belz : 2HAUSS, WHME+ 12. 4%0 Bicos! =: BRU hig CORA SORMEODSERLCbOO, FHTIS MAMOAW+-TLIWNYIOGA SPS SUECE CRE LH FHICBALEARYE-YIP ND SHARE SIZE (34 : BA $) 11 STICKS x10 PACKS TOLmOWE (b- FR) 120 90 6

  17. Slide 17: 25年12月期 通期業績計画

    Ⅱ. 25年12月期 通期業績計画 ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 17

  18. Slide 18: 25年12月期 連結業績計画

    Et SSteOs te] Gpico- Be scte : 3,700, SAIE+11.7%O1SUN m Fz : 1808, Wa +62.7%018 (34 : fF) 244F12AR 25471288 BSF RALE chs 3,311 3,700 +11.7% eA at 110 180 +62.7% ier Fl fe 133 195 +46.1% SRA A et 81 120 +47.9% SSF ee 3.3% 4.9% - ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 18

  19. Slide 19: 連結損益計画

    BF lEOs Te Gpico- (B47 : (BF3) 244F12ARA 254F12AHA als 3,311 100.0% 3,700 100.0% Fo LiRih 2,034 61.4% 2,256 61.0% Fo Liha 1,276 38.6% 1,444 39.0% EERE 272 8.2% 287 7.8% eaaBesS 116 3.5% 123 3.3% Lae 158 4.8% 189 5.1% Mes BES 342 10.4% 347 9.4% <S - (AS 276 8.4% 318 8.6% ee RU fis Sie Sat 1,166 35.2%

  20. Slide 20: 営業利益の増減要因計画

    BRO eK Glico BEN : RMEMMBPABEA MSHS Sb, FL Ramos DBS (CLO wie +: Sibi com LSC hoist (#7 : (8A) 300 mize myizt +160 417 250 +162 m7 7 AW HA+15 200 A HN a31 A45 #0 Wy Ba37 100 A aw $115 180 A EIA 50 110 +154 ) 24/1288 ALeiR Ree RGotoh BR AKER. — Ea 25/1288 ORAS RBCS AHICKSMR =| HEH eset ita Oma ©2025

  21. Slide 21: セグメント別売上高計画

    VIX NES LORE Glico BHA : FSS mOWAR), (MBAS: mo) LE mMORRO MA eEICLOHSU, WHI + 12.1% mw Bt =: PEMPASEANS COMBE LA CLOSE, SRI + 10.5% (347 : 44F)) 244F12AHA 254F12AHA ae aa 3,311 3,700 +11.7% (EIA) 2,488 2,790 +12.1% SZ - Bins 466 530 +13.5% oS 560 720 +28.4% RRS 647 680 +5.0% Baka sSs 139 140 +0.5% E

  22. Slide 22: セグメント別営業利益計画

    CIXY hall BSF Os Twa Glico BEA : FILS RMOWBSLUMMEAE: LE MORTC L5G HES MAEWES ICL, RIF + S7(B AOA mw ot: Sitios LISS(cL), WAI + 12 AOs A= ma (EIAY) se Boe FL RESTS Books Ss EINCO ss ae 244F12AR 96 (34fZ : 48) 254F12ARi BUFR +62.7% +213.7% +14.4% ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 22

  23. Slide 23: 海外事業計画

    2 ==] = => _— = 4 Sse Thilo La, SFOs tel o FE (B42 : BAZ) cLkeS 1,871 2,030 +8.5% ae aS 228 260 +13.9% @ASEAN* (Biz : BASKNL) Thea 124 139 +12.2% StF 0 1 +114.9% o*KE** (BIRT + BKRIL) sks 101 105 +4.4% etl ae 23 26 +13.0% ©2025 Ezaki Glico Co., Ltd. All Rights Reserved *ASEANOS ARBHAS, BHO25F12A Hs

  24. Slide 24: 中期経営計画について

    Ⅲ. 中期経営計画について ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 24

  25. Slide 25: 中期経営計画 (FY25-27)

    CORA ST (PNRIIT—A : FY25-27) HABA Ti Jest aE3$I—-K 2206 2025.02.1316%

  26. Slide 26: パーパスと長期ビジョン

    LN-NACR Sto pico PURPOSE [ggeace-= TCP BBA. DEM AE RPS BRB TRFCHSAR Aft B AFWILTTACIISULAERIE «—ENLEATAMLCOILTT A 06 RMR BAOR sPCASHRO Lt AUISEN © Glico Gall IR 1Y Rey heTBIOBE BJO) EERO) Wa-F1-YO mw ARM PIAVARRS XY MOMS RMIT EMEA OBS 1838 F—bAIAVHOBA B BLA ABBA OUT NCLB FUO EE TDF -ITY I STB ASN om

  27. Slide 27: 中期経営計画の位置づけ

    LRA BCA SMBS LORE Gicr FCPY RBA. OED AE Fpse aad rie HES brig =I ALABRBR aie 1ABEO Base Stauyns a Tikk iWetet FARR FY25-27 : ROE 6~8% ©2025 Ezaki Glico Co., Ltd. All Rights Reserved

  28. Slide 28: 前中期経営計画(FY22-24)の振り返り

    2B Pai a Te (FY22-24) OOOO pico CAGR (427i) aR) XFY21I @ Sobig 3: +4.2% (4+3~5%/#) 3,500 m SFI : 017.0% (45~10%/#) 3,000 —FY24 : ERPHST)L 2 CALS : WAI A0.4% 2,500 XALEDMOBIAS bie 2 SHIAE+8% 2,000 ; : ) 1,500 ‘ane 445.0%! cine 50 — we ° 110 1,000 = r 100 ES 500 fH 50 () 0 FY21 FY22 FY23 FY24 Bol mre

  29. Slide 29: 前中期経営計画の振り返り: 取り組み

    2B Pai Sa Te FY 22-24) OFROIRI® pico BM DTTV-VRIXY NDS BRN RY XY NAAT B | fER 4 /N\—Sa> BS | SLE SS IO UIST BBS RBRT ARSE | CS DOEN TAIT UT, 3 DOERR (AF, 3e44, BSCE) CGlicoHRA ORER MMB ORNS e Het HEI} Se OWLAK B 10% EOS FRORMRCCHIMBOMA(CEBHS ToL : FH18%IA LE, BRFSS : 7.8% 1510.2%lCie)_E MeEAhEs—YOLH

  30. Slide 30: キャッシュ・フロー・資本配分実績

    2.5 PaaS aT FY22-24] OROIRI® Glico Fl RE BM FeICAAS RIE IMAREEICCCOC, MROROOIRA erate) (Ce Be tyy>170— m FY22 : 168/89 m FY23 : 2808/9 m FY24 : 18/879 FRAERSD ©2025 Ezaki Glico Co., Ltd. All Rights Reserved =a exiws SS eeltivscwmm 8 2430r 466an RIS 4786 _. EES Fx74e FEY 203 ¢R 7586 CBIEEE 300¢er BRA

  31. Slide 31: 資本コストと株価を意識した経営

    3. HAs: BNMm EOD Geico BATZNCDU COPIA m EBATZL : 4~6VCE : 5.8% 5.6% 5.6% 5.6% 5.4% * WACC : 3.69~5.29% * CAPM :5.27~5.29% 5.0% 5 EAAIZAL : 4~6% (HEE) + @S4I[GIO (1/PER) : 3.69% 4.0% -O-ROE 10 ~~ og 100 ot 10 . os =—mPar 0.0! 0. 19.3 19.12 20.12 21.12 22.12 23.12 24.12 ROEIa)]_F - BATA Miia CIa FEAR

  32. Slide 32: 中期経営計画 (FY25-27) の数値目標

    4 Fh PRR Sa Tiel (FY25-27) OR pico MMB ANS (CLA AAAI ZAR, ROE6~8HOIERE AES ROE FY25-27 : 6~ 8%, FY28-30 : ¢5266 4B by SeeFES FeLi +5~10%, SRAB+10~15% "“(CERER witety) “MNBL - (a DRONE NICS 67 bat Aaa _L ‘ ¥ ROERRKETE~8%I SLE. BAIROICOMA (CLAIM SEO RUE BABA MRILAC MRL, BARRE CRE eer CHE ¥ ROERROEMEBE

  33. Slide 33: 基本戦略

    Glico a) SS ES ERE BAB ©2025 Ezaki Glico Co., Ltd. All Rights Reserved B MEALSOMLR, TIL - ALESHA ROC L RATT LOE BTR BUSISY KMROMLR (hy+—-E2I1-7-EV RR) + AE] ASEAN CO filifiAie ei ODR + ARK CORRODE m SSIS LCA SBIOCAO Bi WAFERS RR CHAU SLOOM APIS A COMBED OSE BAN MROPRMDA DFR mw ABA bOAUAORME BTD4)L-

  34. Slide 34: 基本戦略: 国内事業

    4-2, -BsS ORES (EIA) Glico @ (EIA) —— Sam B BALSONLR, T59)L- ACE ALICE ROCS RATT LOE SSSR 9 a ReACLE BSI -F1 YORE (FL-DhA-P—EDK) KP] Sock: +5~8%/ B (MEALS MO LHX, PHBSESA, Laas BATE RB e 2k Bass Res Hors mOMeahse MEBMZONLRE e +3 FUZS7KAEO PAA FEELS — Fy NBEAO MERE OSRE e XS 7S3= WARE Om Hc tones ©20

  35. Slide 35: 基本戦略: 海外事業

    4-3, EBS ORES eIh) Glico BEBE E COPSYRREOMER (Aw+—--ERZI-7—-ED RR) C3 SSSAWRER a BL/ ASEAN Lovee Fas LOM (5 ay) BORBOKRBECLCOILK COBSBEOBR KPI a ALS: +10%UE/F ATA BRAS e Fz) 1-24haBri COMBE ROMA @ ASEAN SE COMBE ROSE HLA e *H SRE OBR, HBAORS- Y-Fy Nomi bic Ofett ©2025 Ezaki Glico Co., Ltd. All Right

  36. Slide 36: 基本戦略: 新規事業

    4-4 AAFC Q) TAFE w TAM— hIAVAO BBE AO BIBT BRAT VCR Ree Bact. RBI OCADswst AFORE CAR CHS ESTA FADE ISAC O HEE IE 6 ASB MICAIKIOISLOREt purpose GC PD ABA. DED RAL NIVP-IA DY L XY ( ER AREA) (SIAM ~—) ST COMES || BAe THA) BULE OTRAS FY25-27HARH Cia bICOBNS BULACERO MMB s monBaeM x SUORAE PAT —NOHEE mB

  37. Slide 37: 基本戦略: 経営基盤

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  38. Slide 38: キャッシュ・アロケーション

    4-6. BABGR (Aypyl1-7O--7OI-FAY) GSice Bst+py>170— 950~1,000/8F3_ Frese 50/871 (Fx AsSGhe 80) B BRR AEM OF (AFEDLO%IAF) ©2025 Ezaki Glico Co., Ltd. All Rights Reserved IME PIN CRRA HE RIES HA 3004 oe S2CROLMORA 3005 (Bit Ab MIA) Btyyl170-— (3D) 950~ REA REA 450~500(8F9 PMERERE DONA LE DIYS 1 ' 000¢ 4

  39. Slide 39: 補足資料

    ※ 補足資料 ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 39

  40. Slide 40: 補足資料: 四半期セグメント別売上高

    AEA BVIXV NODA (5e_Lia) Glico (4447 : 4879) CIAYb A : — 1A-3A 1A-6A 1A-9A 1H -12A|1A-3A 1A-6A 1A-9A 1A -12A ate BiSERRIRALL ER 28 61 96 127 28 104 AOR P1RN-b| 26 176 209 29° 222 Be zo | 3976119 tes] 41 139 Et 94 466 1 PARIY-Ly 49 | RBS o BE Zot 52| +77.6% Ht _-| 142. 285 421. +618] 164 299 433 647 6

  41. Slide 41: 補足資料: 連結貸借対照表

    AEA EER ROT Gpico- (4447 : 4279) 4,000 rede 2312 24%12A® 1S RERUBS 971 602 4369 3,500 yz =RDFURUEHS 484 499 +15 1,159 866 2 ates - - - 3,000 1,884 1.654 = msm 338 414 +75 ’ weet 1,884 1,654 = 4230 AVEERE 1,114 1,118 +3 2,500 RVEERE 269 305 +36 be A is 468 466 al 2,000 BeaeAEt 2,072 2,123 +50 ar 2312

  42. Slide 42: 補足資料: キャッシュ・フロー

    REA -pyTT0-OWW Glico Be aRCLS +ryy170-— FLAARCLS Fryy170-— FCF (W-+ry>170-) ARS ARICLS +ryy170— We LURE ASO HAAS BE 172 A124 47 A97 924 WR 286 A291 A5 A48 894 We 168 A201 A33 A102 799 (37 : BF) 2047128 | 2147128 | 22412AF4| 234F12A88 |24412A iW 280 A86 194 A6él1 946 ie 18) A102 A84 A392) 566 ©2025 E

  43. Slide 43: 補足資料: 設備投資・減価償却費・研究開発費

    AEA aimiesar, Hae (acl TAHA Glico 2212AH8 | 23412A4 244712AH FIA (37 : BF) 25712AH8 StH as ai aA VAT Lia ain ADS HARA BAA RASA 183 118 70 61 138 140 51 59 106 66 167 62 12] 20 180, 71 ©2025 Ezaki Glico Co., Ltd. All Rights Reserved 43

  44. Slide 44: 補足資料: 為替レート

    AEA TIMAML-b Gpico- 94N-Y Tc 100% H94> | 10049} 457°? THB 100KRW 100IDR 3/31 110.71 129.80 3.54 16.84 9.78 0.77 3021 6/30 110.58 131.58 3.44 17.11 9.78 0.77 9/30 111.42 129.11 3.26 17.15 9.37 0.73) 12/31 115.02 130.51 3.43 18.06 9.73 0.81) 3/31 122.39 136.70 3.68 19.26 10.13 0.86 6/30 136.68 142.67

  45. Slide 45: 注意事項・お問合せ先

    【注意事項】 ＊この資料中の当社および当社グループの現在の計画、見通し、取り組みなどは、 現時点において入手可能な情報の判断に基づくものですが、重大なリスクや不確 実性を含んでおります。実際の業績は、さまざまな要素によりこれら予測とは大きく 異なる可能性があることをご承知おきください。 ＊そのような要因の例としては、経済情勢の悪化、為替レートの変動、法律・行政 制度の変化、競合会社の価格・製品戦略による圧力、当社の既存製品および 新製品の販売力の低下、生産中断、当社の知的所有権に対する侵害、急速 な技術革新、重大な訴訟における不利な判決等がありますが、業績に影響を与 える要素はこれらに限定され

Ezaki Glico — FY2024 Earnings Presentation on 6ix