Nissin Foods Holdings Co., Ltd. · TSE:2897
Nissin Foods — Q1 FY3/2024 Earnings Presentation
20 slides from Nissin Foods's earnings presentation, Aug 3, 2023
Slide 1: Financial Results for FY 3/2024 1Q
Sp Financial Results for FY 3/2024 1Q August 3, 2023 NISSIN FOODS HOLDINGS CO., LTD. (TSE Stock Code: 2897) Financial Results Presentation: August 3, 2023 My name is Takashi Yano, CFO of Nissin Foods Holdings. My presentation today will follow the content related to Financial Results for FY 3/2024 1
Slide 2: Today's Point
ssi ] Today’s Point + Point 1: FY 3/2024 1Q Financial Results > Revenue and core operating profitof existing businessesincreased by 11.5% and 65.2% year-on-year, respectively > Overseas Business: Profitability Improvement, driven by U.S., isprogressing and the ratio of core operating profitof overse
Slide 3: FY 3/2024 1Q Consolidated Financial Summary
| FY 3/2024 1Q Consolidated Financial Summary Institutional accounting basis FY 3/2024 YoY change 1Q Revenue 166.5 +172 +11.5% 163.2 +13.9 + 9.3% Core operating profit 22.2 +88 +65.2% 21.3 +79 +58.9% of existing businesses Operating profit 20.9 +76 +57.5% 20.0 +68 +51.1% Profit attributable to owner
Slide 4: Analysis of Core OP of Existing Businesses
ssi | Analysis of Core OP of Existing Businesses Domestic and Overseas: +) Price revisionsetc. Domestic (5.6), Overseas (0.6) (Bil. Yen) + 6.1 . . . 13.9 (6.1) Domestic : -) Increase inraw materialsand energycosts, etc. Overseas : -) Increase inlabor costs, etc. YoY +8.8 bil. yen +65.2% — me ClO +0.
Slide 5: Financial Summary by Segment
| Financial Summary by Segment Revenue of all three businesses increased mainly due to price revisions and robustdemand Core operating profit of domestic business turned into increase driven by increase in profit of the non -instant noodles business. Overseas business recorded a significant increase
Slide 6: Revenue Results by Segment
| Revenue Results by Segment Domestic Business and Overseas Business saw Double-Digit revenue growth. ional accounting basis YoY change Amount NISSIN FOOD PRODUCTS 51.4 +37 +7.7% 51.4 +37 +7.7% MYOJO FOODS 10.0 + 0.7 +76% 10.0 +0.7 +76% Domestic Instant Noodles Business 61.4 +44 +76% 61.4 +44 +7.6%
Slide 7: Core OP Results by Segment
| Core OP Results by Segment Overseas business, NISSIN YORK, and KOIKE-YA led the overall growth, resulting in 1.6 times increase year-on-year. El yen Other Income and Expenses Poon NISSIN FOOD PRODUCTS 7.2 0.0 71 (0.6) (7.2%) 71 (0.6) (7.2%) MYOJO FOODS 0.5 0.0 0.5 (04) (41.7%) 0.5 (04) (41.7%) Dom
Slide 8: Domestic Instant Noodles Business
| Domestic Instant Noodles Business Revenue remained strong due to steady demand with continued growth in sales volume from the previous fiscal year. However, profits decreased due to the impact of rising costs for raw materials, packaging materials and energy. Revenue _@il. Yer) Mim FY 3/2023 MN FY
Slide 9: Domestic Non-Instant Noodles Business
| Domestic Non-Instant Noodles Business ssi Revenue and profit increased due to contributions from YORK, with strong performance of lactobacillus beverages such as PILKUL MIRACLE CARE and PILKUL 400, and KOIKE-YA, with strong performance from standard products Revenue _@il. Yer) ll FY 3/2023 ME FY 3
Slide 10: The Americas
| The Americas ssi Revenue and profit increased mainly due to the strengthening of propositions and promotion of high-value-added products for the Americas as well as the impact of price revisions Revenue _@il. Yer) Ml FY 3/2023 MN FY 3/2024 U.S. : Increased due to strengthening of sales of value-ad
Slide 11: China (incl. H.K.)
| China (incl. H.K.) ssi Revenue and profits decreased due to deterioration in macroeconomic environment leading to worsened consumer sentiment Revenue _@il. Yer) Ml FY 3/2023 MN FY 3/2024 A... ea 10 FY 92023 FY 3/2024 Result Plan Core Operating Profit Gi. yer) Hong Kong : Decreased due tolower sale
Slide 12: Asia
| Asia Revenue and profit Increased in all regions due to price revisions in each country Revenue _@il. Yer) ssi Ml FY 3/2023 MN FY 3/2024 h.. Po. | 10 FY 92023 FY 3/2024 Result Plan Core Operating Profit Gi. yer) By descending order of rever Thailand India Singapore Indonesia nue : Increased (Forex
Slide 13: EMEA
| EMEA ssi Revenue rose approximately 1.5 times ye ar-on-year in the fast-growing instant noodles market Contribution of Premier Foods profit was 1.0 billion yen Revenue _ il. yer) Ml FY 3/2023 MN FY 3/2024 FY 92023 FY 3/2024 10 Result Plan Core Operating Profit Gi. yer) + CUP NOODLES, Soba and Dema
Slide 14: Appendix
Appendix 13
Slide 15: FY 3/2024 Full-Year Earnings Plan
Disclosed on May 10, 2023 Reprinted materials from "Financial Results for FY 3/2023" ANISSIN] | FY 3/2024 Full-Year Earnings Plan We aim for revenue to be over 700 billion yen. Core operating profit is projected to increase by 6.3% YoY to 64 billion yen. Profit attributable to owners of the parent s
Slide 16: FY 3/2024 Plan by Segment
Disclosed on May 10, 2023 | FY 3/2024 Plan by Segment Reprinted materials from "Financial Results for FY 3/2023" LNISSIN] Revenue (IFRS) Core Operating Profit (Non-GAAP) BIL yen FY 3/2024 FY 3/2024 NISSIN FOOD PRODUCTS 231.0 220.2 +108 + 4.9% 28.0 26.6 +14 +5.4% MYOJO FOODS: 42.0 40.5 +15 +3.7% 25 2
Slide 17: Revenue and Volume in the Americas and Overseas (YoY)
| Revenue and Volume in the Americas and Overseas (YoY) ssi FY 3/2023 FY 3/2024 —— Apr.-Jun. —— —— Jul.-Sep. —— —— Oct.-Dec. —— -—— Jan.-Mar.—— -—— Apr.- Jun. —— Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue’ Volume 9 +low-single ay +low-single 5 +low-single 9 low-single! 9 -hi
Slide 18: Price Revisions (Domestic)
| Price Revisions (Domestic) The Domestic Instant Noodles Business, YORK, BonChi and KOIKE-YA are scheduled to implement price revisions Instant Noodles Business Chilled / frozen foods from June to September. and beverages Confectionery / Snack FY 3/2020 ~ FY 3/2021 NISSIN FOOD PRODUCTS MYOJO FOODS
Slide 19: Price Revisions (Overseas)
| Price Revisions (Overseas) The Americas FY 3/2020 ~ FY 3/2021 U.S. Apr. 19 (Bag, Cup) Brazil May 20. Nov.20 Feb. 21 (Bag, Cup) (Bag, Cup) (Bag, Cup) Mexico” *Implemented for each channel Implemented gradually China (Incl. H.K.) HK Jul. 19 (Cup) Asia Implemented in some regions EMEA Implemented gra
Slide 20: ssi
ssi Company plans, business forecasts, strategies, and other information contained in this document are based on management judgments derived from information available at the time of this publication. Be aware that these are only future projections, and actual results may differ due to various risk
Nissin Foods Holdings — Q1 FY3/2024 Earnings Presentation on 6ix