Asahi Group Holdings Ltd · TSE:2502
Asahi — Q3 2024 Earnings Presentation
15 slides from Asahi's earnings presentation, Nov 14, 2024
Slide 1: Q3 2024 Financial Results Presentation
Q3 2024 Financial Results Presentation November 14, 2024
Slide 2: Executive Summary
Executive Summary ◆ Overview of Q3 2024 ➢ Achieved 2.2% growth in revenue and 2.3% growth in Core Operating Profit (constant currency basis) ・The increase in overall profit slightly exceeded our plan as strong performances in Japan and Europe offset the decline in profit from our Oceania business. ・
Slide 3: Premium Strategy Progress
Premium Strategy Progress ⚫ Beer-Type Beverages and Non-Alcohol Beer Categories Q3 (9 months) 2024 Results (YoY) Japan Europe Oceania Total Improvement in unit sales price ＋4.5％ ＋4.1％ ＋1.4％ ＋3.0％ (excluding liquor tax) Revenue +1.0％ +4.5％ −4.4％ ＋1.7％ Sales volume −3.3％ +0.3％ −5.7％ −1.3％ *The above f
Slide 4: Financial Highlights (Revenue and Core Operating Profit)
Financial Highlights (Revenue and Core Operating Profit) (Constant Currency Basis) (Constant Currency Basis) Revenue 2024 Q3 (JPY Billion) Change YoY Revised Change YoY ➢ +2.2% YoY. Fueled by revenue increases in (9 months) Forecasts Europe, Oceania, and other locations thanks Japan 1,002.5 - 3.7 -
Slide 5: Operating Profit/Profit Attributable to Owners of Parent
Operating Profit/Profit Attributable to Owners of Parent (Actual Currency Basis) (Actual Currency Basis) 2024 Q3 (JPY Billion) Change YoY Revised Change YoY (9 months) Forecasts Operating Profit Revenue 2,168.0 144.9 7.2% 2,950.0 180.9 6.5% Core Operating Profit 214.2 14.6 7.3% 287.0 23.3 8.8% ➢ +2.
Slide 6: Japan
Japan 2024 Q3 (JPY Billion) Change YoY Revised Change YoY (9 months) Forecasts Alcohol Beverages Business 590.3 - 2.9 - 0.5% 813.3 2.0 0.2% Revenue Non-Alcohol Beverages Business 295.4 4.8 1.6% 389.8 7.6 2.0% ➢ −0.4% YoY. While the Non-Alcohol Food Business 97.0 1.8 1.9% 133.0 0.8 0.6% Beverages Bus
Slide 7: Europe
Europe 2024 Q3 （EUR Million） Change*1 YoY*1 Revised Change*1 YoY*1 (9 months) Forecasts Revenue Revenue 3,706 185 5.3% 4,704 228 5.0% ➢ +5.3% YoY. Rose on the back of stable Core Operating Profit 514 58 12.5% 584 34 6.1% demand, higher unit sales prices driven by premiumization efforts, and the impa
Slide 8: Oceania
Oceania 2024 (AUD Million) Q3 Change YoY Change YoY Forecasts Revenue 4,937 130 2.7% 7,372 386 5.5% Revenue ➢ +2.7% YoY. While sales volumes of alcohol Core Operating Profit 621 -95 -13.3% 1,205 20 1.7% beverages declined following a deterioration in the market environment, among other factors, reve
Slide 9: Reference
Reference
Slide 10: FX Impact (Q3 Results)
FX Impact (Q3 Results) (Actual Currency Basis) (Constant Currency Basis) Exchange Rate Trends Q3 (JPY billion) Prev. Year Change YoY FX Impact Change YoY (9 months) Japan 1,002.5 1,006.2 - 3.7 - 0.4% - - 3.7 - 0.4% (JPY) Q3 2024 Q3 2023 (9 months) (9 months) Europe 609.9 524.4 85.6 16.3% 57.8 27.8 5
Slide 11: FX Impact (2024 Forecasts)
FX Impact (2024 Forecasts) (Actual Currency Basis) (Constant Currency Basis) 2024 Exchange Rate Trends (JPY Billion) Revised Prev. Year Change YoY FX Impact Change YoY Forecasts 2024 2023 (JPY) Revised Japan 1,362.7 1,362.9 - 0.2 - 0.0% - - 0.2 - 0.0% Results Forecasts Europe 776.2 688.7 87.5 12.7%
Slide 12: Japan (Alcohol Beverages: Revenue/Sales Volume)
Japan (Alcohol Beverages: Revenue/Sales Volume) (JPY Billion) 2024 Q3 *Before rebate deduction Change YoY Revised Change YoY (9 months) Forecasts Beer-type beverages 429.5 - 16.7 - 3.7% 594.4 - 16.7 - 2.7% Whiskey and spirits 52.0 5.1 10.9% 69.8 3.5 5.3% RTD 33.2 5.9 21.7% 44.1 7.3 20.0% Wine 31.4 -
Slide 13: Japan (Non-Alcohol Beverages: Sales Volume)
Japan (Non-Alcohol Beverages: Sales Volume) 2024 Q3 (Millions of cases) Change YoY Revised Change YoY (9 months) Forecasts Carbonated drinks 69.38 1.98 2.9% 88.00 1.42 1.6% Lactic acid drinks 33.33 - 0.30 - 0.9% 43.80 0.13 0.3% Coffee 20.22 - 1.36 - 6.3% 27.50 - 1.91 - 6.5% Tea 29.33 - 2.39 - 7.5% 3
Slide 14: Quarterly Results
Quarterly Results (Constant Currency Basis) (Constant Currency Basis) Q3 (JPY Billion) H1 Change YoY Q3 Change YoY Change YoY (9 months) Japan 630.1 8.1 1.3% 372.4 △ 11.8 △ 3.1% 1,002.5 △ 3.7 △ 0.4% Europe 379.5 18.9 6.0% 230.5 8.9 4.3% 609.9 27.8 5.3% Oceania 329.7 13.2 4.6% 165.1 △ 1.2 △ 0.7% 494.
Slide 15: Information in this material is not intended to solicit the sale or purchase of
Information in this material is not intended to solicit the sale or purchase of shares in Asahi Group Holdings. The views, estimates and other information included in this document are based on the company's judgment at the time of publication, and no guarantees are provided regarding the accuracy o