Asahi Group Holdings Ltd · TSE:2502
Asahi — Q1 2023 Earnings Presentation
16 slides from Asahi's earnings presentation, May 12, 2023
Slide 1: Q1 2023 Financial Results Presentation
Q1 2023 画像検討中 Financial Results Presentation 代えられる なら変えた い May 12, 2023
Slide 2: Executive Summary
Executive Summary Overview for Q1 2023 ➢ Achieved 7.9% revenue growth and 24.3% core operating profit growth (constant currency basis) • Achieved top-line growth in all businesses due to the effect of price revisions and continued premiumization • Profit growth exceeded the plan, mainly in Japan, ev
Slide 3: Improvement in Unit Sales Price/Cost Increases
Improvement in Unit Sales Price/Cost Increases ◆ Improvement in Unit Sales Price（Jan-Mar YoY） Japan Australia Europe (Alcohol Beverages) (Alcohol Beverages) Beer-Type Beverages Unit Price （Excluding Liquor Tax） ＋6.6％ +17.3％ +4.1％ *Including non-alcohol category *Including non-alcohol category Ref: O
Slide 4: Revenue / Core Operating Profit
Revenue / Core Operating Profit (Constant Currency Basis) (Constant Currency Basis) 2023 (JPY billion) Q1 Change YoY Change YoY Revenue Forcast Japan 273.8 15.4 6.0% 1,351.0 49.3 3.8% ➢ +7.9% YoY in total mainly due to Europe 118.4 10.5 10.6% 657.0 91.9 16.0% increased revenues in all business drive
Slide 5: Operating Profit / Profit Attributable to Owners of Parent
Operating Profit / Profit Attributable to Owners of Parent (Actual Currency Basis) (Actual Currency Basis) 2023 (JPY billion) Q1 Change YoY Change YoY Forecast Revenue 556.3 59.5 12.0% 2,690.0 178.9 7.1% Operating Profit Core Operating Profit 32.3 7.7 31.0% 245.0 1.2 0.5% Adjustment item - 0.3 15.3
Slide 6: Japan
Japan 2023 (JPY billion) Q1 Change YoY Change YoY Forecast Revenue Alcohol Beverages Business 158.7 7.3 4.9% 789.8 3.6 0.5% ➢ +6.0% YoY in total mainly due to recovery in on-premise in Alcohol Non-Alcohol Beverages Business 76.1 2.8 3.8% 390.6 23.3 6.3% Beverages Business and increased sales Food Bu
Slide 7: Japan (Alcohol Beverages: Revenue/Sales Volume)
Japan (Alcohol Beverages: Revenue/Sales Volume) (JPY billion) 2023 *Before rebate deduction Q1 Change YoY Change YoY Forecast (Beer-type beverages) Beer-type beverages 115.1 5.7 5.2% 611.9 18.5 3.1% Whiskey and spirits 13.5 3.2 30.8% 55.5 0.2 0.3% ➢ +5.2% YoY due to the increase in beer sales result
Slide 8: Japan (Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Alcohol Beverages: Breakdown of Changes in Profit) 2023 (JPY billion) Q1 Change YoY Change YoY Forecast Change in sales, category and container mix - 7.8 - 26.5 Cost reduction in manufacturing - 0.5 - 1.8 Cost increase in manufacturing - - 4.1 - - 21.0 Advertisement and Sales promotion expens
Slide 9: Japan (Non-Alcohol Beverages: Sales Volume)
Japan (Non-Alcohol Beverages: Sales Volume) 2023 (Millions of cases) Q1 Change YoY Change YoY Forecast Carbonated drinks 16.82 0.46 2.8% 87.70 5.21 6.3% Lactic acid drinks 8.37 - 0.25 - 2.9% 44.10 - 0.38 - 0.9% Sales volume Coffee 7.43 - 0.29 - 3.8% 31.70 - 1.07 - 3.3% ➢ +2.4% YoY due to the increas
Slide 10: Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit) 2023 (JPY billion) Q1 Change YoY Change YoY Forecast Change in sales, category and container mix - 2.0 - 14.8 Cost reduction in manufacturing - 0.4 - 1.3 Cost increase in manufacturing - - 4.5 - - 22.9 Advertisement and Sales promotion ex
Slide 11: Europe
Europe Sales Volume 2023 ➢ -3.4% YoY due to a decreases in Poland, （Khl／million Euro） Q1 Change *1 YoY *1 Change *1 YoY *1 Forecast where a rebound of temporary demand Revenue 833 81 10.6% 4,693 665 16.0% at the end of the previous period following price revisions at the Core OP*1 32 14 98.1% 532 5
Slide 12: Oceania
Oceania 2023 (million AUD) Q1 Change YoY Change YoY Forecast Revenue 1,663 142 9.3% 6,905 509 8.0% Core Operating Profit 248 -7 -2.8% 1,196 20 1.7% Revenue ➢ +9.3% YoY due to the increased sales volume of Alcohol Beverages Business Net Sales (exc liquor tax) *1 1,144 94 8.9% 4,673 248 5.6% centered
Slide 13: Reference
Reference
Slide 14: FX Impact (Q1 Results)
FX Impact (Q1 Results) (Actual Currency Basis) (Constant Currency Basis) (JPY billion) Q1 Prev. Year Change YoY FX Impact Change YoY Japan 273.8 258.4 15.4 6.0% - 15.4 6.0% <Exchange Rate Trends> Europe 118.4 99.0 19.4 19.6% 8.9 10.5 10.6% 2023 Q1 2022 Q1 Oceania 150.7 128.2 22.4 17.5% 10.5 12.0 9.3
Slide 15: FX Impact (Full-Year Forecast)
FX Impact (Full-Year Forecast) (Actual Currency Basis) (Constant Currency Basis) 2023 (JPY billion) Prev. Year Change YoY FX Impact Change YoY Forecast <Exchange Rate Trends> Japan 1,351.0 1,301.7 49.3 3.8% - 49.3 3.8% 2023 2022 (Yen) Forecast Results Europe 657.0 573.9 83.1 14.5% - 8.7 91.9 16.0% E
Slide 16: 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