Sapporo Holdings Limited · TSE:2501
Sapporo — Q1 2015 Earnings Presentation
22 slides from Sapporo's earnings presentation, May 8, 2015
Slide 1: Sapporo Group Business Results Presentation for the Three Months Ended March 31, 2015
2015 Sapporo Group Business Results Presentation for the Three Months Ended March 31, 2015 May 8, 2015 Sapporo Holdings Ltd. URL http://www.sapporoholdings.jp/english Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 1/22
Slide 2: Contents
Contents 1. First-Quarter 2015 Topics 2. Overview of First-Quarter 2015 Results Reference 1 Sapporo Group Management Plan 2015 - 2016 2 Supplementary Information to First-Quarter 2015 Results (Overview by Business Segment) Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 2/22
Slide 3: 1. First-Quarter 2015 Topics
1. First-Quarter 2015 Topics Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 3/22
Slide 4: First-Quarter 2015 Group Topics
First-Quarter 2015 Group Topics Reaction to the last-minute demand Total demand for beer and beer-type beverages in Japan were 90% of the same period a year ago, when there was the last minute surge in demand before the consumption tax rate increase. Further, the Group’s beer and beer-type beverag
Slide 5: First-Quarter 2015 Topics (1)
First-Quarter 2015 Topics (1) Japanese Alcoholic Beverages Sales volume of beer and beer-type beverages (beer, happoshu and new genre) down 17% y-o-y (total demand down 10% y-o-y) Beer and beer-type beverages sales volume Y-o-Y change (Jan-Mar) <3 core brands> status – Reaction to last-minute dema
Slide 6: First-Quarter 2015 Topics (2)
First-Quarter 2015 Topics (2) International Sales, which were affected by the intensified competition in Canada and unseasonal weather in North America U.S. in 2014, normalized in 1Q. Sales grew strongly. (Jan-Mar) SLEEMAN Net Sales (before elimination of inter-company SLEEMAN (Canada) transaction
Slide 7: First-Quarter 2015 Topics (3)
First-Quarter 2015 Topics (3) Food & Soft Drinks Net sales in Japan at the same level as 2014 led by solid sales of lemon-based drinks and unsweetened tea drinks Domestic Food and Soft Drinks: POKKA SAPPORO Food & Beverages Ltd. <Overview of main categories> Domestic soft drinks: Sales volume of
Slide 8: First-Quarter 2015 Topics (4)
First-Quarter 2015 Topics (4) Restaurants Restaurants business in Japan Overseas restaurants business Jan-Mar 2015 sales in Japan at the same level as 2014 Locations operating as of Mar 31, 2015 Trends of net sales and number of outlets Sales for all outlets declined as in Japan operation of the
Slide 9: 2. Overview of First-Quarter 2015 Results
2. Overview of First-Quarter 2015 Results Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 9/22
Slide 10: Overview of First-Quarter 2015 Results (1)
Overview of First-Quarter 2015 Results (1) Ｓｐｅｃｉａｌ Ｆａｃｔｏｒｓ ＜Net Sales＞ ＜Operating Income＞ ＜Japanese Alcoholic Beverages＞＜Restaurants＞ ＜International＞ Change in reportable segment : New Sanko Inc. Account period change: Silver Springs Citrus Change from Japanese Alcoholic Beverages to Restauran
Slide 11: Overview of First-Quarter 2015 Results (2)
Overview of First-Quarter 2015 Results (2) YoY changes (billions of yen) 2014 1Q 2015 1Q (amount, %) Net sales: down Y-o-Y Japanese Alcoholic 59.0 51.2 (7.8) (13.3)% ・Japanese Alcoholic Beverages: Sales volume of beer and Beverages beer-type beverages significantly declined from the previous Inter
Slide 12: Overview of First-Quarter 2015 Results (3)
Overview of First-Quarter 2015 Results(3) Factors Contributing to Change in Net sales Increase Decrease (billions of yen) 2014 1Q Consolidated Net sales 2015 1Q Beer and beer- Consolidated Net sales 112.0 genre sales volume decline Sale of some rental ＳＳＣ properties and account period sports change:
Slide 13: Overview of First-Quarter 2015 Results (4)
Overview of First-Quarter 2015 Results (4) Factors Contributing to Changes in Operating Income 2014 1Q (billions of yen) 2015 1Q Consolidated Increase Decrease Consolidated Operating income Operating income Beer and beer-genre sales volume decline North America North America (1.7) Increase in Higher
Slide 14: Overview of First-Quarter 2015 Results (5)
Overview of First-Quarter 2015 Results(5) Implementation Status of Strategic Investments Credit Ratings (Including Ordinary Capex, on a cash basis) <Credit rating by JCR> ①<Capital expenditure and lease fees> Consolidated total: Approx. ¥9.4 bn As of May 8, 2015: A- (stable) Property, plant and
Slide 15: Reference 1: Sapporo Group Management Plan
Reference 1: Sapporo Group Management Plan 2015-2016 *There has been no changes to the figures announced on February 12, 2015. Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 15/22
Slide 16: 2015-2016 Targets Based on Current Businesses
2015-2016 Targets Based on Current Businesses Management plan 2014 results 2015 targets 2016 targets New management framework Consolidated net sales *incl. liquor tax ¥518.7 bn ¥545.7 bn ¥579.5 bn ¥600.0 bn Consolidated operating income ¥18.4 bn ¥20.7 bn ¥28.0 bn (before goodwill amortization) ¥40.0
Slide 17: 2015-2016 Targets Based on Current Businesses by Segment
2015-2016 Targets Based on Current Businesses by Segment Management Plan 2014 results 2015 targets 2016 targets Japanese Alcoholic Beverages ¥281.8 bn ¥290.2 bn ¥305.0 bn International ¥49.6 bn ¥67.8 bn ¥76.0 bn Net sales Food & Soft Drinks ¥133.4 bn ¥133.7 bn ¥141.7 bn Restaurants ¥26.3 bn ¥27.2 bn
Slide 18: Reference 2: Supplementary Information to First-Quarter 2015 Results
Reference 2: Supplementary Information to First-Quarter 2015 Results (Overview by Business Segment) For information on the profitability of each business, please see the Supplementary Information to our Earnings Report. Copyright, 2015 SAPPORO HOLDINGS LTD. All rights reserved. 18/22
Slide 19: Reference Material (1) Japanese Alcoholic Beverages
Reference Material (1) Japanese Alcoholic Beverages Jan-Mars sale value Wine (billion yen) Progress in diversified product offerings 3.5 Japanese Imported wine wine 3.1 2.8 3.0 2.7 2.6 2.5 2.3 1.7 Net sales declined due to the impact of the last- 2.0 1.6 1.4 1.5 minute surge in demand last year bu
Slide 20: Reference Material (2) International
Reference Material (2) International Profile of Country Pure Foods Overseas expansion of SAPPORO brand CPF Strength in commercial-use sales to non- Trend of overseas sales volume of SAPPORO brand products (Jan-Mar) profile commercial organizations such as educational and medical institutions mainly
Slide 21: Reference Material (3) Food & Soft Drinks, Real Estate
Reference Material (3) Food & Soft Drinks, Real Estate Food & Soft Drinks ■ Restaurants (Domestic): POKKA CREATE Co., Ltd. ■ Soft Drinks (Overseas): POKKA Corporation (Singapore) Pte. Ltd. CAFÉ de CRIÉ celebrated its 20th anniversary and the company has been actively pursuing opening new outlets i
Slide 22: As an intrinsic part of people's lives, Sapporo will contribute to the evolution of
As an intrinsic part of people's lives, Sapporo will contribute to the evolution of creative, enriching and rewarding lifestyles. The earnings forecasts and forward-looking statements appearing in this document were prepared by the SAPPORO Group based on currently available information and its best