Sapporo Holdings Limited · TSE:2501
Sapporo — Q1 2014 Earnings Presentation
21 slides from Sapporo's earnings presentation, May 9, 2014
Slide 1: Sapporo Group Business Results Presentation for the Three Months Ended March 31, 2014
2014 Sapporo Group Business Results Presentation for the Three Months Ended March 31, 2014 May 9, 2014 Sapporo Holdings Ltd. URL http://www.sapporoholdings.jp/english Copyright, 2014 SAPPORO HOLDINGS LTD. All rights reserved. 1/21
Slide 2: Contents
Contents 1. First-Quarter 2014 Topics 2. Overview of First-Quarter 2014 Results Reference 1 Sapporo Group’s Medium-Term Management Plan 2014 - 2016 2 Supplementary Information to First-Quarter 2014 Results (Business Summary) Copyright, 2014 SAPPORO HOLDINGS LTD. All rights reserved. 2/21
Slide 3: 1. First-Quarter 2014 Topics
1. First-Quarter 2014 Topics Copyright, 2014 SAPPORO HOLDINGS LTD. All rights reserved. 3/21
Slide 4: First-Quarter 2014 Topics (1)
First-Quarter 2014 Topics (1) Japanese Alcoholic Beverages Jan-Mar cumulative: Sales volume of beer and beer-type beverages (beer, happoshu and new genre) up 21% yoy (total demand up 9% yoy) <Status of core brands> Sales exceeded the previous year’s level from the beginning of the year, with the l
Slide 5: First-Quarter 2014 Topics (2)
First-Quarter 2014 Topics (2) International Business North America SLEEMAN Net Sales (before elimination of inter-company transactions) in Local Currency (Jan-Mar) 65 62.5 64.9 64.2 (Jan-Mar) SLEEMAN (Canada) Unit sales (YoY) 2013 2014 55 52.1 54.2 Despite sales declining in Canada amid 48.3 inten
Slide 6: First-Quarter 2014 Topics (3)
First-Quarter 2014 Topics (3) Food & Soft Drinks POKKA SAPPORO Food & Beverages Ltd., which entered its second year of operations Sales exceeded compared to the same period a year earlier from the beginning of the year. While food product sales enjoyed the benefit of the last-minute surge in deman
Slide 7: First-Quarter 2014 Topics (4)
First-Quarter 2014 Topics (4) Real Estate Activities to enhance the value of existing properties • In consideration of the future recovery in rent levels, enhance the value of existing properties through renovation. Yebisu Garden Place Efforts to enhance the property’s value in view of its 20th
Slide 8: First-Quarter 2014 Topics (5)
First-Quarter 2014 Topics (5) Implementation Status of Strategic Investments (Including Ordinary Capex, on a cash basis) Credit Ratings <Capital expenditure and lease fees> Consolidated total: Approx. ¥5.4bn <Credit rating by JCR> Property, plant and equipment, intangible assets, lease fees, etc.
Slide 9: 2. Overview of First-Quarter 2014 Results
2. Overview of First-Quarter 2014 Results Copyright, 2014 SAPPORO HOLDINGS LTD. All rights reserved. 9/21
Slide 10: Overview of First-Quarter 2014 Results
Overview of First-Quarter 2014 Results YoY changes 2013 1Q 2014 1Q (billions of yen) (amount, %) Net sales: up YoY Japanese Alcoholic ・ Japanese Alcoholic Beverages: sales increased, Beverages 50.2 59.2 9.0 17.9% as sales volume of beer and beer-type beverages International 9.9 10.4 0.4 4.9% rose
Slide 11: Reference 1: Sapporo Group's Medium-Term Management Plan
Reference 1: Sapporo Group’s Medium-Term Management Plan 2014-2016 *There has been no change in the figures announced on February 12, 2014 Copyright, 2013 SAPPORO HOLDINGS LTD. All rights reserved. 11/21
Slide 12: 2014-2016 Targets Based on Current Businesses
2014-2016 Targets Based on Current Businesses Medium-Term Management Plan Reference 2006 results 2013 results 2014 targets 2015 targets 2016 targets 2016 New Management Framework Consolidated net sales ¥435.0 bn ¥509.8 bn ¥537.7 bn ¥563.0 bn ¥595.0 bn ¥600.0 bn *incl. liquor tax (excl. liquor tax) ¥
Slide 13: 2014-2016 Targets Based on Current Businesses by Segment
2014-2016 Targets Based on Current Businesses by Segment Medium-Term Management Plan Reference 2013 results 2014 targets 2015 targets 2016 targets Japanese Alcoholic Beverages ¥274.9 bn ¥284.3 bn ¥292.4 bn ¥305.2 bn International Business ¥48.2 bn ¥57.2 bn ¥61.6 bn ¥68.0 bn Net sales Food & Soft Dri
Slide 14: Reference 2: Supplementary Information to First-Quarter 2014 Results
Reference 2: Supplementary Information to First-Quarter 2014 Results (Business Summary) For information on the profitability of each business, please see the Supplementary Information to our Earnings Report. Copyright, 2014 SAPPORO HOLDINGS LTD. All rights reserved. 14/21
Slide 15: Japanese Alcoholic Beverages
Japanese Alcoholic Beverages *Incl. liquor taxes (billions of yen) YoY change Results highlights 2013 1Q 2014 1Q Amount % Net sales increased year over year, as total sales volumes for beer and beer-type beverages rose 21% and sales of wine, western spirits and Net sales* 50.2 59.2 9.0 17.9% shochu
Slide 16: International
International (billions of yen) YoY change Results highlights 2013 1Q 2014 1Q Amount % Net sales slightly increased thanks to the impact of weaker yen, though they declined on a local currency basis due to intensifying Net sales 9.9 10.4 0.4 4.9% competition in Canada and the impact of the cold wave
Slide 17: Food & Soft Drinks (1)
Food & Soft Drinks (1) (billions of yen) YoY change Results highlights 2013 1Q 2014 1Q Amount % Net sales of the domestic food and soft drinks business, which entered the second year after the integration, increased year Net sales 27.6 29.8 2.1 7.8% over year. Operating loss narrowed, as sales incre
Slide 18: Food & Soft Drinks (2)
Food & Soft Drinks (2) Key points in business plan: implementation status ■ Soft Drinks (International): POKKA Corporation (Singapore) Pte Ltd Boost production capacity by bringing the new plant in Malaysia on line ■ Restaurants (Domestic): POKKA CREATE Co., Ltd. Maintain and expand the lead in
Slide 19: Restaurants
Restaurants Results highlights (billions of yen) Net sales slightly declined, partly as comparable-store sales were 98.3% in the three months through March. This is mainly attributable YoY change to the impact of February single month comparable-store sales of 92% YoY due to heavy snow fall. Operati
Slide 20: Real Estate
Real Estate (billions of yen) Results highlights YoY change The majority of operating income from the Real Estate business is from real estate leasing. – The property portfolio largely comprises the following properties in Tokyo (5 central wards). 2013 1Q 2014 1Q Amount % Occupancy rates are avera
Slide 21: To make people's lives richer and more enjoyable.
To make people’s lives richer and more enjoyable. 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 assessment of potential risks and uncertainties. Actual outcomes may differ mate