Japan Foods Holding Ltd. · SGX:5OI
Japan Foods — FY2024 Earnings Presentation
24 slides from Japan Foods's earnings presentation, Jul 14, 2024
Slide 1: Corporate Presentation FY2024
Corporate Presentation FY2024 12 months ended 31 March 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is prepared for information purposes only, without regard to the objectives, financial situation nor needs of any specific person. This presentation does not constitute, or form any part of any offer for sale or subscription of, or solicitation of any offer to buy or sub
Slide 3: Overview of FY2024
JAPAN FOODS MOLDING LTD. Overview of FY2024
Slide 4: Performance at a Glance
Performance at a Glance 2H2024 / 2H2023 FY2024 / FY2023 Revenue Gross Profit Revenue Gross Profit 2H 2024: S$43.4 million S$36.8 million FY2024: S$86.4 million S$73.1 million 2H 2023: S$40.6 million S$34.3 million FY2023: S$78.5 million S$66.4 million Net (Loss) / EBITDA Net (Loss) / EBITDA Profit P
Slide 5: Network (as at 31 March 2024)
Network (as at 31 March 2024) 79 Self-operated restaurants in Singapore China 3 Restaurants operated by joint venture company in Singapore Hong Kong 17 Restaurants through associated companies in China, Hong Kong and Indonesia Malaysia Singapore 1 Restaurant operated by sub-franchisee in Malaysia In
Slide 6: FY2024 Network Highlights - Halal segment
FY2024 Network Highlights - Halal segment No. of No. of Revenue Restaurants* Brands* 54.9% As at As at As at FY2024 FY2024 FY2024 39 9 S$40.8 restaurants brands million As at As at As at FY2023 FY2023 FY2023 26 8 S$26.3 restaurants brands million * Includes “Fruit Paradise” brand and restaurants t
Slide 7: New Halal-Concept Brands in FY2024
New Halal-Concept Brands in FY2024 • Halal-style maze soba – a type • Japanese-Italian fusion concept • First Korean cuisine concept of dry ramen topped with a which features hand-made featuring tabletop BBQ signature sauce mixed with pasta, pizza, doria and grill items accompanied by Korean side ve
Slide 8: FY2024 Network Highlights - Non-Halal segment
FY2024 Network Highlights - Non-Halal segment No. of No. of Revenue Restaurants* Brands* 12.7% As at As at As at FY2024 FY2024 FY2024 40 14 S$45.6 restaurants brands million As at As at As at FY2023 FY2023 FY2023 39 12 S$52.2 restaurants brands million * Excludes Fruit Paradise” brand and restaura
Slide 9: New Non-Halal Brands in FY2024
New Non-Halal Brands in FY2024 Japanese-style Combines traditional barbeque restaurant Award-winning Italian flavours with that offers premium franchise brand from Japanese flair for a cuts such as wagyu, Tokyo, Japan, known unique culinary 120-year-old brand from angus sirloin steak Nagoya, Japan,
Slide 10: Latest Non-Halal Launch
Latest Non-Halal Launch • Launched in April 2024 in Plaza Singapura • First self-developed katsu concept brand, featuring Japanese-style deep fried cutlets Japan Foods Holding Ltd. 10
Slide 11: Business Update: Restaurants operated by associated companies & JVC
Business Update: Restaurants operated by associated companies & JVC Share of results of associated companies: No. of Share of Profit • Higher sales from the “Konjiki Restaurants* 23.9% Hototogisu” brand restaurant in Hong Kong As at As at • Partially offset by losses from the 31 March 2024 31 Marc
Slide 12: FY2024 Financial Highlights
FY2024 Financial Highlights
Slide 13: Financial Highlights
Financial Highlights 6 months ended 31 Mar 12 months ended 31 Mar Change Six months endedFY2024 30 September Change S$’ m 2H2024 2H2023 FY2023 (%) (%) Revenue 43.4 40.6 7.0 86.4 78.5 10.0 Gross Profit 36.8 34.3 7.6 73.1 66.4 10.1 Gross Profit Margin (%) 84.9 84.5 0.4% pt 84.7 84.6 0.1% pt EBIT 0.2 2
Slide 14: Revenue (S$'m)
Revenue (S$’m) Launch of 1st Revenue 2 consecutive years Halal-concept growth of record revenue restaurant in despite 86.4 Nov 2020 pandemic 78.5 26.3 40.8 51.0 54.6 1.6 13.9 67.8 68.1 68.4 49.4 52.2 40.7 45.6 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Non-Halal Halal FY2024 topline performanc
Slide 15: Profitability
Profitability Gross Profit (S$’m) Net (Loss) / Profit (S$’m) Gross Profit Margin consistently > 84% Net profit impacted by higher expenses mainly due to expanded operations and one-off impairment loss 73.1 66.4 5.5 57.7 57.5 57.8 4.1 46.2 3.6 43.2 3.3 3.2 1.0 (0.5) FY2018 FY2019 FY2020 FY2021 FY2022
Slide 16: Cash Flow
Cash Flow Change S$’m FY2024 FY2023 (%) Net cash generated from operating activities 30.7 29.5 ▲ 4.3 Net cash used in investing activities (9.6) (8.5) ▲ 12.7 Net cash used in financing activities (28.4) (25.9) ▲ 9.6 Net (decrease) in cash and (7.2) (4.9) ▲ 46.7 cash equivalents Cash and cash equival
Slide 17: Key Financial Ratios
Key Financial Ratios As at 31 Mar As at 31 Mar Change (%) 2024 2023 Cash and bank balances (S$’m) 11.5 18.5 37.9 Total assets (S$’m) 93.4 90.6 ▲ 3.0 Total equity (S$’m) 29.8 32.7 9.1 Net cash ratio (1) 0.3 0.6 41.3 Net asset value per share (S’pore cents) (2) 17.1 18.8 9.0 Net cash per share
Slide 18: FY2024 Dividend & Policy Revision
FY2024 Dividend Total dividend in FY2024: & 0.5 Singapore cents per ordinary share Policy Revision Comprising • Interim dividend of 0.3 cents per ordinary share paid in December 2023 • Proposed final dividend of 0.2 cents per ordinary share (date payable to be announced) Revision of Dividend Policya
Slide 19: Dividend History
Dividend History Strong track record of paying dividends 0.50 0.60 1.00 1.00 1.75 1.30 1.00 1.27 1.25 1.25 1.10 0.25 1.35 0.70 1.10 0.40 0.90 1.00 1.00 0.73 0.75 0.75 0.80 0.80 0.75 0.20* 0.40 0.35 0.50 0.30 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Interim (S'pore cents)
Slide 20: Outlook & Prospects
JAPAN FOODS MOLDING LTD. Outlook & Prospects
Slide 21: Industry Prospects
Industry Prospects Projected CAGR 2028 (2023-2028): 2023 4.56% In 2023, F&B industry recorded a 28.9% increase to approximately S$12.0b Drivers: • F&B services is integral to Singapore’s economy and lifestyle • Survey conducted in Dec 22 shows 48.0% of Singaporeans dine out several times a week • Of
Slide 22: Top F&B Industry Trends in Singapore
Top F&B Industry Trends in Singapore - And potential opportunities for Japan Foods Healthier food Rising demand for Embracing Food choices food-on-the-go Delivery Opportunity to add Study the potential of Adapt more menu items healthier options to our selling ready-packed food for delivery menus at
Slide 23: Outlook & Strategies
Outlook & Strategies 01 Larger restaurant network Contribute to future Increase in number of revenue growth and solidify 02 Halal-concept restaurants Japan Foods’ position in this segment FY2025 strategies: 03 Larger brand portfolio • Intend to slowdown rate of network expansion and shift focus to i
Slide 24: Thank You!
JAPAN FOODS MOLDING LTD. Thank You!