Nissin Foods Holdings Co., Ltd. · TSE:2897
Nissin Foods — FY 3/2023 2Q Earnings Presentation
35 slides from Nissin Foods's earnings presentation, Nov 10, 2022
Slide 1: Financial Results for FY 3/2023 2Q
Financial Results for FY 3/2023 2Q Announced on November 10, 2022 NISSIN FOODS HOLDINGS CO., LTD. (TSE Stock Code: 2897) Financial Results Presentation: November 11, 2022
Slide 2: Index
Index I. FY 3/2023 2Q Financial Results …………… P2 II. Current-Year Initiatives to Achieve Mid- to Long-Term …………… P10 Growth Strategy Appendix 1
Slide 3: FY 3/2023 2Q Consolidated Financial Summary
FY 3/2023 2Q Consolidated Financial Summary • Revenue: Overall revenue achieved double-digit growth on a consolidated basis, driven overall by the Overseas Business, record high for the first half of the year • Core Operating Profit of Existing Businesses: Increased due to price revisions and improv
Slide 4: FY 3/2023 2Q Consolidated Financial Summary
FY 3/2023 2Q Consolidated Financial Summary Institutional accounting basis Constant currency basis Bil. yen YoY change YoY change FY 3/2023 FY 3/2023 2Q 2Q Amount Ratio Amount Ratio Revenue 317.0 + 41.9 + 15.2% 297.6 + 22.6 + 8.2% Core operating profit 28.3 + 1.2 + 4.4% 26.8 (0.3) (1.3%) of existing
Slide 5: Financial Summary by Segment
Financial Summary by Segment Revenue increased across all three businesses, with substantial growth overseas and steady demand in Japan Overseas profit increased significantly, while domestic profit decreased mainly due to cost increases Domestic Instant Noodles Business Domestic Non-Instant Noodles
Slide 6: Revenue Results by Segment
Revenue Results by Segment Revenue increased across all segments due to steady demand in domestic business, particularly in the Overseas Business, which recorded a large jump in sales Institutional accounting basis Constant currency basis Bil. yen FY 3/2023 YoY change FY 3/2023 YoY change 2Q 2Q Amou
Slide 7: Revenue Contribution by Segment (YoY, Institutional accounting basis)
Revenue Contribution by Segment (YoY, Institutional accounting basis) FY 3/2022 2Q Revenue 275.0 Bil. yen Major Factors* (+3%) Cup type: CUP NOODLE SUPER GATTAI series contributed. Also continued strong sales of CUP NOODLE PRO and SAIKYO DONBEI. NISSIN FOOD Bag type: Continued strong sales of NISSIN
Slide 8: Core OP Results by Segment
Core OP Results by Segment Performance in the Americas led the Overseas Business, expanding profit increase FY 3/2023 2Q Institutional accounting basis FY 3/2023 2Q Constant currency basis Bil. yen Other Income YoY change YoY change OP and Expense Core OP Core OP Amount Ratio Amount Ratio NISSIN FOO
Slide 9: Existing Businesses Contribution to Core OP by Segment
Existing Businesses Contribution to Core OP by Segment (YoY, Institutional accounting basis) Bil. yen FY 3/2022 2Q Core OP 27.1 Major Factors* Domestic NISSIN FOOD PRODUCTS (0.3) +) Increased in operating profit due to increased sales. Instant - ) Increase in cost ratio due to soaring raw material c
Slide 10: Analysis of Core OP of Existing Businesses
Analysis of Core OP of Existing Businesses (YoY, Institutional accounting basis) Bil. yen Decrease Increase Major Factors: Domestic Major Factors: Overseas A： Revenue (Domestic) +6.7 (including the impact of change + Price revisions + Price revisions and impact of foreign (Overseas) +18.7 in selling
Slide 11: Current-Year Initiatives to Achieve Mid- to Long-Term Growth Strategy
Current-Year Initiatives to Achieve Mid- to Long-Term Growth Strategy 10
Slide 12: FY 3/2023 First Half Review and Future Prospect
FY 3/2023 First Half Review and Future Prospect Our Resilient Businesses ➢ Basic demand for instant noodles, which has risen worldwide due to the COVID-19 pandemic, continues to be strong amid rapidly rising prices ➢ Regarding our products, price revisions have spread globally due to brand strength
Slide 13: The Americas
The Americas In the U.S., strong demand continued after the August price revisions; volume exceeded the same period in the previous year. Swung to a profit earlier than expected. We created demand for instant noodles in Brazil as the leader in that market. Launched U.F.O., a new cup category, aiming
Slide 14: China (Incl. H.K.)
China (Incl. H.K.) While the unstable market environment continued, CUP NOODLES performed well based on an established premium position. We will continue to maximize profit-earning opportunities by strengthening brands in the Instant Noodles Business and by expanding our Non-Instant Noodles Business
Slide 15: EARTH FOOD CHALLENGE 2030 (EFC2030) Initiatives
EARTH FOOD CHALLENGE 2030 (EFC2030) Initiatives 14
Slide 16: EARTH FOOD CHALLENGE 2030 Results
EARTH FOOD CHALLENGE 2030 Results Trends align with forecasts: despite a slight increase due to the business growth, absolute CO2 emissions have decreased Our Challenge to Utilize Finite Resources Effectively Conserve Natural Create a World Source Sustainably Resources without Waste Overall water us
Slide 17: The Carbon-Neutral Declaration of NISSIN FOODS Group
The Carbon-Neutral Declaration of NISSIN FOODS Group NISSIN FOODS Group commits to building sustainable societies with a Nature-Positive approach, aiming to achieve carbon neutrality by 2050 Restoring biodiversity while achieving net neutral CO2 emissions In April 2020, the NISSIN FOODS Group launch
Slide 18: Relationship between Nature-Positive and Carbon Neutrality
Relationship between Nature-Positive and Carbon Neutrality Nature-Positive initiatives lead to significant reductions and absorption of CO2 as well as the restoration of biodiversity. Nature Positive Halts the loss of nature and Carbon increases gains in nature (compared to the year 2020) Neutral Re
Slide 19: Strategic Direction for Achieving Carbon Neutrality
Strategic Direction for Achieving Carbon Neutrality Scope 1+2: Initiatives at Production Plants Scope 3: Initiatives in the Supply Chain Phased adoption of available carbon reduction technologies Aiming to build a Nature-Positive supply chain, focusing on emissions from procurement, which account fo
Slide 20: Scope 1+2 Progress
(Japan/ FOODS 2020 Results 会社名 NISSIN グループ 日清食品 Overseas) Group Switched to renewable （日本・海外） energy at the Shizuoka Plant Switched to renewable energy at the Shimonoseki Plant Unit: thousand t-CO2 Switched to renewable energy Scope at two plants in Brazil Scope3 Scope2 Scope1 Scope1＋2 Energy-Saving
Slide 21: Scope 3 Progress
Scope 3 Progress Scope 3 comprises a wide range of initiatives such as the Biomass ECO Cup, joint transportation, and switching to pallets made from marine plastic waste. 会社名 Scope 単位 Unit 2018 2019 2020 2021 CAGR 2021 vsvs 2021 2018年比 2018 Scope1 237 254 266 269 4.3% 13.5% 日清食品 NISSIN Scope2 179 17
Slide 22: A Path towards Nature-Positive
A Path towards Nature-Positive By focusing on preventing deforestation in the supply chain first, then followed by a gradual shift to a business model with less environmental impact, we plan to transition to a business model that promotes nature regeneration. Transition to a Nature- regenerative Bus
Slide 23: Progress in Sustainable Palm Oil Initiatives
Progress in Sustainable Palm Oil Initiatives We have disclosed information on palm oil mills procured by the Japanese group, based on which satellite monitoring and dialogues with farmers in high-risk areas followed. We strive to be Nature-Positive with sustainable palm oil initiatives as our starti
Slide 24: NISSIN FOOD PRODUCTS・New Businesses
Current-Year Initiatives to Achieve Mid- to Long-Term Growth Strategy NISSIN FOOD PRODUCTS・New Businesses 23
Slide 25: Domestic Instant Noodles Business (NISSIN FOOD PRODUCTS)(1)
Domestic Instant Noodles Business (NISSIN FOOD PRODUCTS)(1) Market Trends Through the First Half of the Year ◼ Since retail price of NISSIN rose ahead of competitors in June and also due to temperature ◼ Average selling price increased as of June reasons, sales decreased temporarily both on volume a
Slide 26: Domestic Instant Noodles Business (NISSIN FOOD PRODUCTS) (2)
Domestic Instant Noodles Business (NISSIN FOOD PRODUCTS) (2) First Half Results Initiatives in the Second Half and Beyond Core Brands Toward six consecutive years Toward eight consecutive years ➢ CUP NOODLE Brand Total (1H YoY): +5% *Shipped basis of record-high sales! of record-high sales! ・Despite
Slide 27: Breakthrough of the KANZEN MEAL Brand
Breakthrough of the KANZEN MEAL Brand - Strong Start Toward 3 Billion Yen in Current Fiscal-Year Sales - Packaged Foods Progress Further Expansion of KANZEN MEAL A New Era of Anpan, Sweet bean bun, Beginning August 25, 2022! Strong Sales! (300% vs. Budget for First Month) Traditional Taste With Good
Slide 28: Healthcare Cooperation and Development of Complete Nutrition Meals for the Elderly
Healthcare Cooperation and Development of Complete Nutrition Meals for the Elderly 29th International Society of Hypertension Lecture on the Complete Nutrition Meal Project Researchers, doctors, and other experts from Japan and abroad showed great interest in Complete Nutrition Meals Special Lecture
Slide 29: Acquisition of Land for a Plant in Ken-O Expressway Interpark Tsukubamirai
Acquisition of Land for a Plant in Ken-O Expressway Interpark Tsukubamirai Acquired land in Ibaraki Prefecture for the construction of a new plant to serve as a flagship center for new food culture. Plans to build one of the largest production centers in Japan, also aiming to research and develop cu
Slide 30: Appendix
Appendix 29
Slide 31: Full-Year Consolidated Earnings Forecasts for FY 3/2023
Disclosed on May 13, 2022 Reprinted materials from "Financial Results for FY 3/2022" Full-Year Consolidated Earnings Forecasts for FY 3/2023 (Excluding Russia/Ukraine impact) Aiming for 52.0 billion yen in core operating profit of existing businesses. We expect IFRS operating profit to be between 47
Slide 32: FY 3/2023 Forecasts by Segment
Disclosed on May 13, 2022 Reprinted materials from "Financial Results for FY 3/2022" FY 3/2023 Forecasts by Segment Aim for increase revenues and operating profits in all business segments from FY 3/2022 results Revenue (IFRS) Core Operating Profit (Non-GAAP) Bil. yen FY 3/2022 Results FY 3/2022 Res
Slide 33: FY 3/2023 Price Revisions (Domestic)
FY 3/2023 Price Revisions (Domestic) Company Name Main Products Price Revision Date Price Revision Rate Bag-type instant noodles, cup-type instant noodles, NISSIN FOOD PRODUCTS Beginning with June 1, 2022 shipments 5%-12% increase in suggested retail price cup-type instant rice, cup-type instant sou
Slide 34: FY 3/2023 Price Revisions (Overseas)
FY 3/2023 Price Revisions (Overseas) The Americas Main Products Price Revision Date U.S. Bag-type instant noodles, cup-type instant noodles August 2022 Brazil Bag-type instant noodles, cup-type instant noodles May 2022 China (Incl. H.K.) Main Products Price Revision Date DEMAE ICCHO, CUP NOODLES, U.
Slide 35: • These presentation materials are available in PDF format at our official website, under
Company plans, business forecasts, strategies, and other information contained in this document are based on management judgments derived from information available at the time of this publication. Be aware that these are only future projections, and actual results may differ due to various risks an
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