Asahi Group Holdings Ltd · TSE:2502
Asahi — Q1 2022 Earnings Presentation
17 slides from Asahi's earnings presentation, May 16, 2022
Slide 1: Q1 2022 Financial Results Presentation
Q1 2022 Financial Results Presentation May 16, 2022
Slide 2: Revenue / Core Operating Profit
Revenue / Core Operating Profit (Constant Currency Basis) (Constant Currency Basis) (JPY billion) Q1 Change YoY 2022 Change YoY Revenue Forecast Japan 258.4 14.1 5.8% 1,331.6 112.2 9.2% ➢ +7.1% YoY in total mainly due to sales Europe 99.0 19.8 26.2% 554.0 90.8 19.1% increase in Japan and Europe resu
Slide 3: Operating Profit / Profit Attributable to Owners of Parent
Operating Profit / Profit Attributable to Owners of Parent (Actual Currency Basis) (Actual Currency Basis) 2022 (JPY billion) Q1 Change YoY Forecast Change YoY Operating Profit Revenue 496.9 40.2 8.8% 2,450.0 213.9 9.6% ➢ -82.7% YoY mainly due to the previous Core Operating Profit 24.7 - 3.6 - 12.8%
Slide 4: Sales Trend by Region
Sales Trend by Region Alcohol Beverages (Japan) 2022 Q1 Revenue: +13% YoY *Value basis (Beer-type beverages total) 40% (-15% vs 2019 Q1) ・ The state of emergency declaration was fully removed in October 2021, and 2020 2021 2022 30% restaurants resumed serving alcohol, and on-premise demand entered a
Slide 5: Japan
Japan Revenue ➢ Sales of Non-Alcohol Beverages declined due 2022 to a poor mix, but which was offset by (JPY billion) Q1 Change YoY Change YoY Forecast higher sales of Alcohol Beverages due to Alcohol Beverages Business 151.3 15.2 11.2% 809.3 87.1 12.1% strong sales of canned beer, resulting in a 5.
Slide 6: Japan (Alcohol Beverages: Revenue / Sales Volume)
Japan (Alcohol Beverages: Revenue / Sales Volume) (JPY billion) 2022 *Before rebate deduction Q1 Change YoY Change YoY Forecast Revenue by Category Beer-type beverages 109.5 12.9 13.4% 602.0 63.6 11.8% (Market) Whiskey and spirits 10.3 - 0.4 - 3.3% 53.0 3.6 7.3% RTD low-alcohol beverages 8.1 0.0 0.2
Slide 7: Reference: Initiatives for Asahi Super Dry
Reference: Initiatives for Asahi Super Dry Number of Users ・First Full Renewal in 36 Years since Launch (million) 22 At the end of March, 2022: Canned Beer 20.36 million users 20 March ＋41％ 18 Jan – Mar ＋21％ 16 Source: Asahi Cumulative 12-month moving total YoY (Volume basis) 14 Reference: YoY Chang
Slide 8: Japan (Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Alcohol Beverages: Breakdown of Changes in Profit) 2022 (JPY billion) Q1 Change YoY Change YoY Forecast Change in sales, category and container mix - 6.9 - 34.3 Cost reduction in manufacturing - 0.2 - 1.3 Cost increase in manufacturing - - 2.5 - - 9.4 Factors Contributing to Advertisement and
Slide 9: Japan (Non-Alcohol Beverages: Sales Volume)
Japan (Non-Alcohol Beverages: Sales Volume) 2022 (Millions of cases) Q1 Change YoY Change YoY Forecast Carbonated drinks 16.36 0.30 1.9% 84.51 4.19 5.2% Lactic acid drinks 8.62 - 0.02 - 0.2% 43.11 0.93 2.2% Sales volume Coffee 7.72 - 0.71 - 8.4% 35.22 - 0.16 - 0.5% (Market) Tea 7.70 0.70 10.0% 38.92
Slide 10: Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit) 2022 (JPY billion) Q1 Change YoY Change YoY Forecast Change in sales, category and container mix - - 1.7 - 8.1 Cost reduction in manufacturing - 0.4 - 1.5 Cost increase in manufacturing - - 1.0 - - 6.9 Advertisement and Sales promotion ex
Slide 11: Europe
Europe 2022 Sales Volume （Khl／million Euro） Q1 YoY YoY Forecast ➢ +7.4% YoY due to significant recovery in the Revenue on-premise channel as restrictions were (Incl. liquor tax) 759 26.2% 4,311 19.1% loosened up in most of markets despite the impact of the Omicron variant spreading. Core OP*1 15 349
Slide 12: Sales Trend in Major Countries (Europe)
Sales Trend in Major Countries (Europe) Czech 2022 Q1: Sales Volume +24％ Poland 2022 Q1: Sales Volume -4％ FY2019: On-premise Ratio approx.40％ FY2019: On-premise Ratio Mid-single Digit 2020 2021 2022 2020 2021 2022 ・ On-premise: Q1 Volume increased due to a rebound from the previous year’s ・ On-premi
Slide 13: Oceania
Oceania 2022 (million AUD) Q1 YoY YoY Revenue Forecast ➢ -0.4% YoY due to lower sales in Alcohol Revenue 1,523 -0.4% 6,454 6.5% Beverages offsetting increased Non-Alcohol Beverages sales including increased no- Core Operating Proifit 255 -11.5% 1,188 18.0% sugar beverage sales and the consolidation
Slide 14: Reference
Reference
Slide 15: FX Impact (Q1 Results)
FX Impact (Q1 Results) (Actual Currency Basis) (Constant Currency Basis) <Exchange Rate Trends> (JPY billion) Q1 Prev. Year Change YoY FX Impact Change YoY Japan 258.4 244.2 14.1 5.8% - 14.1 5.8% (Yen) Q1 2022 Q1 2021 Europe 99.0 75.7 23.3 30.7% 3.4 19.8 26.2% Euro 130.4 127.8 Oceania 128.2 125.3 2.
Slide 16: FX Impact (Full-Year Forecast)
FX Impact (Full-Year Forecast) (Actual Currency Basis) (Constant Currency Basis) <Exchange Rate Trends> 2022 2021 (JPY billion) Change YoY FX Impact Change YoY Forecast Results 2022 2021 Japan 1,331.6 1,219.4 112.2 9.2% - 112.2 9.2% (Yen) Forecast Results Europe 554.0 474.4 79.6 16.8% - 112.1 191.7
Slide 17: Information in this material is not intended to solicit sale or purchase of shares
Information in this material is not intended to solicit sale or purchase of shares in Asahi Group Holdings. The views, estimates and other information expressed in this document are based on the company's judgment at the time of publication, and no guarantees are provided regarding the accuracy of s