Asahi Group Holdings Ltd · TSE:2502
Asahi — Q1 2025 Earnings Presentation
15 slides from Asahi's earnings presentation, May 12, 2025
Slide 1: Q1 2025 Financial Results Presentation
Q1 2025 FINANCIAL RESULTS PRESENTATION May 12, 2025
Slide 2: Contents
Contents (links) Executive Summary 1 Premium Strategy Progress 2 Financial Highlights (Revenue and Core Operating Profit) 3 Operating Profit/Profit Attributable to Owners of Parent 4 Japan 5 Europe 6 Oceania 7 ＜Reference＞ FX Impact (Q1 Results) 8 FX Impact (2025 Forecasts) 9 Japan (Alcohol Beverages
Slide 3: Executive Summary
Executive Summary ◆ Overview of Q1 2025 ➢ Core Operating Profit (constant currency basis) by 4.8% YoY, exceeding the plan, due to a smaller-than- expected decrease in profit in Oceania and an increase in profit in Japan due to temporary demand ahead of price revisions. ➢ Unit sales prices improved o
Slide 4: Premium Strategy Progress
Premium Strategy Progress ⚫ Beer and Beer-Like Beverages + Beer-Taste Beverages Categories Q1 2025 Results (YoY) Japan Europe Oceania Total Increase in unit sales price (excluding liquor tax) +0.2% +1.3% −3.3% +0.6% Revenue +14.9% −0.6% −6.3% +2.7% Sales volume +14.7% −1.8% −3.1% +2.1% *Japan includ
Slide 5: Financial Highlights (Revenue and Core Operating Profit)
Financial Highlights (Revenue and Core Operating Profit) (Constant Currency Basis) (Constant Currency Basis) 2025 Revenue (JPY Billion) Q1 Change YoY Change YoY Forecasts ➢ Revenue: +2.6% YoY. Revenue declined in Japan 304.6 21.9 7.7% 1,392.0 29.1 2.1% Europe and Oceania on lower sales volumes, Euro
Slide 6: Operating Profit/Profit Attributable to Owners of Parent
Operating Profit/Profit Attributable to Owners of Parent (Actual Currency Basis) (Actual Currency Basis) 2025 (JPY Billion) Q1 Change YoY Change YoY Forecasts Revenue 630.4 13.8 2.2% 2,970.0 30.6 1.0% Core Operating Profit 37.7 1.4 3.8% 287.0 1.9 0.7% Operating Profit Adjustment item *1 - 3.7 - 0.0
Slide 7: Japan
Japan 2025 (JPY Billion) Q1 Change YoY Change YoY Forecasts Revenue 304.6 21.9 7.7% 1,392.0 29.1 2.1% Revenue Core Operating Profit 27.6 7.7 38.8% 138.0 3.1 2.3% ➢ Revenue: +7.7% YoY. In addition to the impact of price revisions in each business, the spike in demand for alcohol beverages and growth
Slide 8: Europe
Europe 2025 （EUR Million） Q1 Change YoY Change YoY Forecasts Revenue 895 -9 -1.0% 4,898 194 4.1% Revenue Core Operating Profit 44 6 14.8% 649 40 6.5% ➢ Revenue: −1.0% YoY. While sales in the Czech Republic and Romania proved strong, sales volumes from Poland and Italy declined. Revenue 738 - 11 -1.5
Slide 9: Oceania
Oceania 2025 (AUD Million) Q1 Change YoY Change YoY Forecasts Revenue 1,691 -37 -2.1% 7,515 365 5.1% Revenue ➢ Revenue: −2.1% YoY. Due to the downturn in Core Operating Profit 191 -37 -16.3% 1,103 15 1.4% the broader market and the different timing of the Easter holiday than in the previous year. Re
Slide 10: Reference
Reference
Slide 11: FX Impact (Q1 Results)
FX Impact (Q1 Results) Exchange Rate Trends (Actual Currency Basis) (Constant Currency Basis) (JPY billion) Q1 Prev. Year Change YoY FX Impact Change YoY Q1 2025 Q1 2024 (JPY) Results Results Japan 304.6 282.7 21.9 7.7% - 21.9 7.7% EUR 160.6 161.3 Europe 143.7 144.6 - 0.9 - 0.6% 0.6 - 1.5 - 1.0% AUD
Slide 12: FX Impact (2025 Forecasts)
FX Impact (2025 Forecasts) Exchange Rate Trends (Actual Currency Basis) (Constant Currency Basis) 2025 2025 2024 (JPY billion) Prev. Year Change YoY FX Impact Change YoY (JPY) Forecasts Forecasts Results Japan 1,392.0 1,362.9 29.1 2.1% - 29.1 2.1% EUR 156.0 164.1 Europe 764.0 781.0 - 17.0 - 2.2% - 4
Slide 13: Japan (Alcohol Beverages: Revenue/Sales Volume)
Japan (Alcohol Beverages: Revenue/Sales Volume) (JPY Billion) 2025 *Before rebate deduction Q1 Change YoY Change YoY Forecasts Beer and beer-like beverages 132.3 14.9 12.7% 599.5 6.7 1.1% Whiskey and spirits 17.9 - 0.2 - 1.0% 72.9 0.2 0.2% RTD 12.2 3.8 46.2% 48.2 1.3 2.7% Wine 10.8 0.3 2.8% 45.9 0.3
Slide 14: Japan (Non-Alcohol Beverages: Sales Volume)
Japan (Non-Alcohol Beverages: Sales Volume) 2025 (Millions of cases) Q1 Change YoY Change YoY Forecasts Sales Volume 52.32 - 1.02 - 1.9% 260.60 3.06 1.2% MITSUYA CIDER 7.60 - 0.51 - 6.3% 41.30 0.08 0.2% WILKINSON 6.29 - 0.33 - 5.0% 33.80 0.11 0.3% CALPIS® 6.66 - 0.29 - 4.2% 35.30 0.05 0.1% WONDA 5.8
Slide 15: Information in this material is not intended to solicit the sale or purchase of
Information in this material is not intended to solicit the sale or purchase of shares in Asahi Group Holdings. The views, estimates and other information included in this document are based on the company's judgment at the time of publication, and no guarantees are provided regarding the accuracy o