Morinaga Milk Industry Co., Ltd. · TSE:2264

Morinaga Milk Industry — 1H FYE March 2014 Earnings Presentation

17 slides from Morinaga Milk Industry's earnings presentation, November 2013

  1. Slide 1: Financial Results Presentation for the First Half of FYE March 2014

    Financial Results Presentation - for the First Half of the Fiscal Year ended March 31, 2014 November 2013

  2. Slide 2: Agenda and Cautionary Note Regarding Business Forecasts

    1. Overview of 1H of FYE March 2014 Financial Results 2. FYE March 2014 Full-Year Business Forecasts Cautionary Note Regarding Business Forecasts Figures for plans, policies and other figures included in this report other than actual past results are forecasts of future business performance, and are

  3. Slide 3: 1. Overview of 1H of FYE March 2014 Financial Results

    1.Overview of 1H of FYE March 2014 Financial Results 3 Copyright © 2013 MORINAGA MILK INDUSTRY CO., LTD

  4. Slide 4: Financial Results for 1H of FYE March 2014

    Financial Results for 1H of FYE March 2014 (Unit: billion yen) 1H of 1H of Year on Year Year on Year FYE March 2013 FYE March 2014 Change (%) Net Sales 317.1 320.9 3.8 1.2% Operating Income 9.6 9.6 0.0 0.2% Ordinary Income 9.8 10.1 0.3 3.1% Net Income 5.2 4.8 -0.4 -7.4% ROS 3.1% 3.2% (Ordinary Incom

  5. Slide 5: Sales by Product Group and Major Product (Non-Consolidated)

    Sales by Product Group and Major Product (Non-Consolidated) Areas to be Strengthened Net Sales Year on Year Profit Growth Areas Net Sales Year on Year and Developed (Billion yen) (%) (Billion yen) (%) Yogurt 28.0 2% Food service & institutional food products 19.7 4% Cheese 20.6 -4% Ice cream 32.6 -2

  6. Slide 6: Shares of Home-Use Products

    Shares of Home-Use Products Share Category 1H of 1H of Rank FYE March 2013 FYE March 2014 Chilled cup-type coffee 53% 52% 1 Chilled tea beverages 69% 72% 1 Yogurt 13% 12% 2 Chilled desserts 23% 23% 1 Cheese 14% 14% 2 Ice cream 13% 12% 3 Liquid diet 36% 36% 1 Note: Shares of home-use products by mone

  7. Slide 7: Status of Consolidated Subsidiaries

    Status of Consolidated Subsidiaries No. of Consolidated Subsidiaries Net Sales (Year on Year % Change) 30 4% Note: Simple sum before consolidated elimination Clinico Co., Ltd. Milei GmbH Sales of liquid diet products. Favorable demand for German company producing and selling such dairy by- liquid di

  8. Slide 8: Change in Consolidated Ordinary Income

    Change in Consolidated Ordinary Income Figures in parentheses are initial forecasts 1H of FYE March 2013 9.8 (billion yen) Increased sales +0.7 (+0.7) Low-cost operation +0.6 (+0.6) Streamlined sales promotion expenses +1.2 (+0.8) Change in depreciation method for property, plant and equipment +0.8

  9. Slide 9: 2. FYE March 2014 Full-Year Business Forecasts

    2.FYE March 2014 Full-Year Business Forecasts 9 Copyright © 2013 MORINAGA MILK INDUSTRY CO., LTD

  10. Slide 10: FYE March 2014 Full-Year Business Forecasts

    FYE March 2014 Full-Year Business Forecasts (Unit: billion yen) FYE FYE Year on Year Year on Year March 2013 March 2014 Change (%) Net Sales 591.2 598.0 6.8 1.2% Operating Income 10.2 11.5 1.3 13.1% Ordinary Income 10.6 12.0 1.4 13.7% Net Income 5.0 5.1 0.1 1.7% R O S 1.8% 2.0% (Ordinary Income / Ne

  11. Slide 11: Points of Interest for Second Half

    Points of Interest for Second Half Sales Forecasts for Areas to be Strengthened and Developed Areas to be Strengthened 1H Net Sales Year on Year FYE March 2014 Year on Year and Developed (%) (%) (Unit: billion yen) Net Sales Yogurt 26.0 2% 54.0 2% Cheese 21.6 0% 42.2 -2% Chilled cup-type drinks 19.2

  12. Slide 12: Points of Interest for Second Half: New Health and Functional Products

    Points of Interest for Second Half New products featuring health and functional qualities Lactoferrin Yogurt Using the catchphrase "Boost immunity," develop home-delivery channels for yogurt containing lactobacillus selected from several thousands of strains of bacteria Karada tsuyokusuru yogurt Dir

  13. Slide 13: Points of Interest for Second Half: Drastically Reform Productivity

    Points of Interest for Second Half: Drastically Reform Productivity, Improve Capital Efficiency Reorganize domestic production, ahieving low-cost operations Plant integration, particularly in the milk business Steadily discontinue production, terminating operations at the Sapporo Plant in April, Mor

  14. Slide 14: Key Initiatives: Cultivate Products That Are No.1 in Their Categories

    Key Initiatives: Cultivate Products That Are No.1 in Their Respective Categories and Apply Process of Selection and Concentration Create new markets, strengthen brands Concentrate management resources in areas to be strengthened and developed Develop and expand Active Life foods lineup Invest in gro

  15. Slide 15: Key Initiatives: Strengthen International Competitiveness

    Key Initiatives: Strengthen International Competitiveness Expand into growth markets and strengthen raw material procurement base Brisk export business Expand sales, with an emphasis on infant formula in Asia, particularly Pakistan, and lactoferrin for customers in Indonesia Promote collaboration wi

  16. Slide 16: Change in Consolidated Ordinary Income (Forecast)

    Change in Consolidated Ordinary Income (Forecast) Figures in parentheses are initial forecasts FYE March 2013 10.6 (billion yen) Increased sales +2.7 (+1.6) Improved product mix +0.1 (+0.5) Low-cost operation +1.5 (+1.4) Streamlined sales promotion expenses +2.1 (+1.5) Effect of plant integration +0

  17. Slide 17: dq NORINAGA MILKINDUSTRY CO, LTD.

    dq NORINAGA MILKINDUSTRY CO, LTD.

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