Sti Foods Holdings, Inc. · TSE:2932
Sti Foods — Q2 2021 Earnings Presentation
26 slides from Sti Foods's earnings presentation, Aug 10, 2021
Slide 1: Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 31, 2021
Results Briefing Materials for the Second Quarter of the Fiscal Year Ending December 31, 2021 Second Section of the Tokyo Stock Exchange (Securities Code: 2932) ◆ 2021.8.10
Slide 2: Financial summary
Financial summary
Slide 3: Summary of consolidated financial results
Summary of consolidated financial results YoY Ordinary YoY Net sales comparison comparison income Fiscal year ending 12,408 million yen 115.9% 967 million yen 210.5% December 31, 2021 2Q Fiscal year ended 10,705 million yen - 459 million yen - December 31, 2020 2Q Net sales Ordinary income Ordinary
Slide 4: Consolidated statement of income (summary)
Consolidated statement of income (summary) (Unit: million yen) Fiscal year ended Fiscal year ending December 31, 2020 2Q December 31, 2021 2Q Results Sales ratio Results Sales ratio Change Change - Net sales 10,705 12,408 - 115.9% 1,702 Operating 468 4.3% 940 7.5% 201.0% 472 income Ordinary income 4
Slide 5: Consolidated balance sheet
Consolidated balance sheet (Unit: million yen) End of 4Q of End of 2Q of FYE 2020/12 FYE 2021/12 Results Results Change Change Total assets 11,324 11,067 97.7% -257 Current assets 6,775 6,430 94.9% -345 Of which, cash and deposits 2,598 1,839 70.7% -759 Non-current assets 4,548 4,637 101.9% 89 Of wh
Slide 6: Earnings forecast and shareholder return policy
Earnings forecast and shareholder return policy
Slide 7: FYE 2021/12 full-year earnings forecast
FYE 2021/12 full-year earnings forecast As a result of focusing on manufacturing quality products, raw material yield rate and labor productivity have improved, and the manufacturing cost ratio has been reduced, resulting in improved profitability. Therefore, profits have been revised upward. (Unit:
Slide 8: Shareholder return policy
Shareholder return policy Dividends FYE 2020/12 FYE 2021/12 FYE 2021/12 results previous forecast revised forecast Dividend per share 40 yen 45 yen 55 yen Launch of the shareholder special benefit program On the last day of June every year, shareholders who own at least one unit (100 shares) receive
Slide 9: Priority measures for the future
Priority measures for the future
Slide 10: Priority measures for the future
Priority measures for the future Maximize ability to create Strengthen R&Ds and new product Expanding business with development Seven-Eleven and Seven-Inc. ◼ Taking on the challenge of new ◼ Overseas market development production methods and (US and Asia) technologies at a faster pace ◼ Measures to
Slide 11: Priority measures for the future: Increase production capacity
Priority measures for the future: Increase production capacity New plant in Kinki area ◼ Newly built in 3Q as planned, operation to start at the end of 4Q New plant in Tokyo metropolitan area ◼ STI Foods prepares to build a new plant with limited production capacity Expansion of production facilitie
Slide 12: Priority measures for the future: Expanding business with Seven-Eleven and Seven-Inc.
Priority measures for the future: Expanding business with Seven-Eleven and Seven-Inc. Overseas expansion ◼ Commence concrete studies on the establishment of new plants in the US, including M&As, in order to expand overseas (North America) ◼ Commence concrete studies on exporting from STI Enak (Fukuo
Slide 13: Priority measures for the future: Strengthen R&Ds and new product development
Priority measures for the future: Strengthen R&Ds and new product development ◼ Research new manufacturing methods and develop unique marine food products that do not exist in the world using technologies with high barriers to entry Cup salad ◼ Use seafood and vegetables to make popular products at
Slide 14: Priority measures for the future: Expansion of new sales
Priority measures for the future: Expansion of new sales M&A strategy ◼ Expand the Group's sales functions by shifting to a strategy that includes the acquisition of sales and logistics companies, in addition to the consideration of M&As centered on existing manufacturing plants Start new transactio
Slide 15: SDGs initiatives
SDGs initiatives
Slide 16: SDGs initiatives
SDGs initiatives Reduce the burden on the environment and society in all parts of the value chain, from procurement, processing, distribution, consumption, and disposal, and work to solve social issues through business Responsibility to deliver Mission as a food Eco-friendly business activities the
Slide 17: Appendix
Appendix
Slide 18: Company profile / business description
Company profile / business description Company profile Name of STI Foods Holdings, Inc. Establishment November 2017 (founded in December 1988) company 1-15-14, Minami Aoyama, Minato- Number of Headquarters 274 (including 711 temporary employees) ku, Tokyo employees * As of December 31, 2020, tempora
Slide 19: History
History 1988 2010 2017 2018 2020 April SANYO FOODS CO., LTD. was split to establish STI 2021 Miyagi, Inc. and STI Sanyo, Inc. September Listed on the Second Section of the Tokyo 2020 Stock Exchange June Acquired all shares of YAMATOMI CO., LTD. 2020 August Established STI Delica, Inc. 2018 January B
Slide 20: Management policy
Management policy Mission of STI Foods Holdings STI Foods Holdings will fulfill its responsibility to create a valuable food culture by respecting domestic and international food resources for the happiness of its employees and a more prosperous future for society. Company creed (the values that are
Slide 21: Group and production bases
Group and production bases ◼ The Group is formed of STI Foods Holdings, six consolidated subsidiaries and one non-consolidated subsidiary. Overseas ◼ Each plant has its own specialties and products, and by combining business them, the manufacturing system can handle any of the three bases temperatur
Slide 22: Strengths of the business (1)
Strengths of the business (1) ◼ Manufacturer of marine products and food ingredients specializing in the fish category ◼ Although overall sales of prepared foods at CVS decreased due to COVID-19, sales of bagged prepared foods remained strong. Growth of home-delicatessen business is driving the food
Slide 23: Strengths of the business (2)
Strengths of the business (2) ◼ Thorough temperature control and reduction in the number of thawing cycles in the integrated production (cooking) process to improve the quality of taste Manufacturing process for grilled fish prepared foods ◼ Pursuit of freshness and size Standard raw Temperature • S
Slide 24: Strengths of the business (3)
Strengths of the business (3) ◼ Reduce raw material costs by thoroughly addressing food loss with a product portfolio that uses up all ingredients. Integrated production system that achieves both deliciousness and reduced raw material costs Integrated manufacturing Procurement (primary cooking and f
Slide 25: Progress of investment plan
Progress of investment plan 2Q cumulative Investment items Plan results Establishment of a new plant 350 million yen ー million yen in the Kinki region Sales Expansion of production improvement 267 million yen 232 million yen facilities at existing plants measures Expansion of employee 197 million ye
Slide 26: [Precaution]
[Precaution] The forward-looking statements contained in this document are based on management's assumptions and beliefs in light of the information currently available, and are subject to change due to macroeconomic conditions and industry trends. Accordingly, please be aware that there are risks a