Lifedrink Company Inc. · TSE:2585
Lifedrink — Q1 FY2025 Earnings Presentation
27 slides from Lifedrink's earnings presentation, Aug 13, 2024
Slide 1: Financial Results for Q1 2025
most Reassurance. ~s Financial Results for Q1 2025 LIFEBRINK COMPANY August 13 , 2024
Slide 2: FY2025 Q1 summary
(FY2025) e@ Increased production quantity (+9% YoY) due to improved operating rates at Increased existing factories, increased capacity at Nitto Beverage, and the start of production production at the Gotemba factory. &Revenue @ Revenue increased(+13% YoY) due to securing sales channels in response
Slide 3: 1. FY2025 Q1 Performance
1. FY2025 Q1 Performance LIFEBRINK COMPANY
Slide 4: Production quantity and revenue
Production quantitys1 Revenue 18 Million cases+2 11.3 Billion yen vor +9% yoY +1.3% 1.2 Billion yen 1.6 Billion yen YoY 3% *1: Incl, Nitto Beverage, but not incl, Ikoma meisui. 4 *2: box = 12Lis calculated LIFEBRINK COMPANY YoY al 1x
Slide 5: Operating income decreased due to Gotemba fixed costs and M&A costs
Although increased production quantity and revenue, operating income decreased by 160 million yen compared to the prior fiscal year due to fixed costs at the Gotemba factory and M&A costs. FY2024 FY2025 sae Vi i ‘9 Unit: MMUPY) or or tev) YoY% Revenue 9,971 11,308 +1,336 +13% Operating profit 1,406
Slide 6: Operating profit bridge FY2024 Q1 to FY2025 Q1
Although revenue increased, we were unable to cover the fixed costs of the Gotemba factory and miscellaneous expenses associated with M&A, resulting in a decrease in operating profit. 1,406 379 544 Operating Profit FY2024 Q1 Increase in (Productivity! productio | improvement! n and | t and cost ! sa
Slide 7: Progress against full-year forecast
Since the first quarter is the start-up period of the Gotemba factory, the progress rate for both operating income and net income against the full- year forecast is 22%. Furthermore, we believe that progress is generally going well compared to our expectations. FY2025 Plan Revenue Act] 1.3BN Progres
Slide 8: Quarterly production quantity and revenue
FY2023 FY2023 FY2024 FY2024 mFY2025 MFY2025 Unit:million cases*! Unit:bn JPY Production quantity Revenue 1a 11.3 D 10.4 16.6 16.7 9.9 14.8 146 1° 14.3 ao) 8.8 13.6 : 14.1 0 8.0 7.9 7.2 71.0 Ql Q2 Q3 Q4 Ql Q2 Q3 Q4 8 *1:Calculated with 1 box = 12L. LIFEBRINK COMPANY
Slide 9: Quarterly operating profit and EBITDA
FY2023 ' FY2023 FY2024 i FY2024 MFY2025 ' MFY2025 Unit:bn JPY | Unit:bn JPY . . 1 9 Operating Profit/% ' EBITDA/% 14.3% H 17.0% 16.9% 14.1% . : , * 11.0% 15.2% 15.4% 19.7% 12.5% 13.0% 14.4% ° ° 19, e 1 9% wre 11.4% aes , 10.3% ‘ ° 12.1% ° ! © 11.0% 7.7% H ° 7.9% / ' a0 1.50 ° : ' 1.77 1.24 \ i 1.63
Slide 10: Balance sheet and net debt
The completion of equipment investment at the Gotemba factory and new M&A activities have increased fixed assets by 1.3 billion yen. Additionally, the increase in net interest-bearing debt is due to financing the investment in the Gotemba factory through bank loans. Unit:MM [JPY] <=> % Amount on - V
Slide 11: Growth investment results and future plans
Growth Investment Results and Future Plans:Q1 FY2025 The investment in the new No. 1 production line at the Gotemba factory has been completed. Going forward, we plan to advance growth investments, including enhancing profitability investments in subsidiaries, expanding the production lines at the G
Slide 12: Gotemba factory progressing toward full production
The factory is progressing smoothly towards full production by the first half of the year. Overview of the new Gotemba factory Features of the new Gotemba factory 736-1 Itazuma, Gotemba Location | City, Shizuoka Prefecture Production | Beverages item (Water-Tea) Production | Approx. 8 million case/
Slide 13: New green tea product and Rakuten award
We had launched a new product (Green tea) at Nitto Beverage. Our main EC brand [ZAO SODA) won the 157 prize in Drink genre at Rakuten Half-Term Ranking for four consecutive years. ISales of New Products [Award Nitto Beverage’s functional drink LIFEDRINK Online Store Rakuten ”Green Tea” launched from
Slide 14: Carbonated water manufacturing business acquisition
In order to expand production and acquire a carbonated water manufacturing base in the Kyushu region, we acquired a carbonated water manufacturing business and began production on June 3, 2024. | Overview of O Beverage | PMI Collaboration in production, procurement, and sales is underway with the go
Slide 15: Stock split
Split our stock with the aim of improving the liquidity of our stock and expanding our investor base by reducing the amount per investment unit of our stock. @ Overview: 4-for-1 common stock split @ Number of Shares - Total number of issued shares before the stock split :13,064,966 - Total number of
Slide 16: 2. (Reference) Company Introduction
2.(Reference) Company Introduction 16 LIFEBRINK COMPANY
Slide 17: Company overview
Our head office is located in Osaka, and our main business is the drink and leaf business that manufactures and sells Mineral water, tea, and carbonated drinks. LIFEDRINK COMPANY, INC. (“LDC”) 1950 (Established-1972) Osaka-shi, Osaka e Drinks / Leaves Business — Mineral water, tea, carbonated drinks
Slide 18: Company history
Our company is 52 years of establishment. Listed on the prime market in June 2023. ° Soji Tanaka incorporated Ryokkaen (tea wholesaler), founded by Tanaka Tane in 1950, and established Asamiya in 1972 Foundation Entering Soft Drink Business (1950) * Acquired Seihou Beverage (currently the Minou Plan
Slide 19: Corporate philosophy
Based on our corporate philosophy, “Center of Deliciousness, Foremost Reassurance”, we conduct according to action guidelines, “Only what you want your loved ones to drink”. Center of Deliciousness, Foremost Reassurance To “always” be close to our customers from babies to the elderly, We pursue “sta
Slide 20: Low-price products and stable supply advantage
We have the advantage of offering "low-price products” and ensuring "stable supply” through "mass production of fewer varieties,” "high in- house coverage,” and "nationwide expansion of factories. e@ Specializing in 2L and 500ml of Mass water, tea and carbonated production water of less @ Other beve
Slide 21: Product lineup
The liquids available are water, tea, and carbonated water, with capacities concentrated in 2 liters or 500 milliliters. We aim to minimize waste in each process. fr Ri P| I s| z 4 Ri & 4 = E 4 a | : — & =| i o ) is iis NS : Natural mineral water Carbonated water ZAO SODA 500ml/ 2L for EC 500ml = |
Slide 22: In-house production and nationwide factories
In-house production mainly reduces manufacturing costs, and nationwide expansion of factories reduces distribution costs. In-house production from | Nationwide expansion of factories procurement to sales Iwate (Tea) Zao bottl (Carbonated water) bea PET bottle Nitto gg (Tea-Other) st Salle Tochigi ‘l
Slide 23: Sales channels
Sales Channels We build relationships with major retailers in each channel. Our e-commerce business is steadily expanding, with our main products and directly managed stores each winning the Rakuten Ranking Grand Prize. ; ; Expansion of direct channels through EC | Strong partnership with retailers
Slide 24: Growth strategy
Our company aims to increase production capacity through expansion and acquisition, venture into the EC/D2C model, and enhance productivity to elevate corporate value. Evolution and deepening of max production and max sales =Increase/acquire production capacity e@ Increase production capacity by upd
Slide 25: Sustainability policy
Based on our sustainability policy, we aim to achieve both the promotion of sustainability and the improvement of corporate value from a long- term perspective. / Sustainability Policy Fulfill our social responsibility that support consumer’ s life and infrastructure continuously through stable supp
Slide 26: Disclaimer
This document has been prepared by LIFEDRINK COMPANY, INC. (the “Company”) solely for information purpose only. This document does not constitute or form part of and should not be construed as, an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in J
Slide 27: LIFEDRINK
LIFEDRINK COMPANY LIFEBRINK COMPANY