Coca-cola Bottlers Japan Holdings Inc. · TSE:2579
Coca-cola Bottlers Japan — Q2 2025 Earnings Presentation
29 slides from Coca-cola Bottlers Japan's earnings presentation, Aug 1, 2025
Slide 1: Second Quarter 2025 Earnings Presentation
Second Quarter 2025 Earnings Presentation August 1, 2025 Coca-Cola Bottlers Japan Holdings Inc. Calin Dragan, President Bjorn Ivar Ulgenes, Vice President & CFO (Posted to CCBJH website August 1, 2025)
Slide 2: Second Quarter 2025 Earnings Presentation
Coca-Cola Bottlers Japan Holdings Inc. (CCBJH) Second Quarter 2025 Earnings Presentation 1H 2025 Results New Strategic Business Plan Vision 2030 2
Slide 3: Today’s Highlights
Today’s Highlights Extremely strong performance in 1H business income, up 4.3 billion yen vs previous year. Key measures such as price revisions and transformation progressing ahead of plan. In vending business, fixed assets reevaluated for optimal future capital allocation; non-cash impairment loss
Slide 4: 1H 2025 Results
1H 2025 Results
Slide 5: Strong revenue and BI growth, steady progress in underlying performance
1H Results (vs 2024) Strong revenue and BI growth, steady progress in underlying performance Unit: Million JPY 1H 2025 1H 2024 Change YoY Actual Actual YoY Revenue 417,942 411,455 +6,488 +1.6% Sales Volume (Million Cases) 230 232 -2 -1% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million C
Slide 6: 1H Business Income Drivers (vs 2024)
1H Business Income Drivers (vs 2024) Accelerated earnings growth driven by top-line expansion and transformation benefits, profit up 4.3 billion yen vs previous year 1H 2024 Volume, Price & Transformation DME Manufacturing Others Commodity & 1H 2025 Actual Mix*1 (Direct Marketing (excl. Utility Cost
Slide 7: 1H NARTD Sales Trend (vs 2024)
1H NARTD Sales Trend (vs 2024) Effective commercial measures drove sales volume above market growth and continued to improve wholesale revenue per case Due to marketing efforts this year sales volume outperformed the market and decreased only 1% despite the impact of price revisions in October last
Slide 8: FY2025 Guidance Revised
FY2025 Guidance Revised Reflecting impairment loss and other items. BI revised upward, target 11 billion yen growth vs previous year Revised FY forecast reflects vending business fixed asset impairment and changes in Coca-Cola Japan Company marketing investment methods due to evolving market dynamic
Slide 9: New Strategic Business Plan Vision 2030
New Strategic Business Plan Vision 2030
Slide 10: Progress toward Vision 2028
Progress toward Vision 2028 Tremendous progress toward Vision 2028 with strong BI growth Over past 2 years, earnings improved fundamentally; BI exceeded targets with 26+ billion yen increase vs 2022 Key measures outlined in Vision 2028 have delivered exceptional results: Achieved top-line growth wit
Slide 11: Vision 2028 Upward Revision Summary
Vision 2028 Upward Revision Summary Revamping Vision 2028 to address new opportunities and challenges Growth opportunities and challenges identified through Vision 2028, leading to new measures Developing strategies to unlock further transformation through enhanced use of data and technology Deepeni
Slide 12: Accelerating expansion of shareholder returns
Vision 2028 Upward Revision Summary Accelerating expansion of shareholder returns Announced comprehensive shareholder return measures in Forecast for capital efficiency and shareholder return metrics November 2024 10+ Updated dividend policies and shifted 7+ to progressive dividends ROIC, % 3 Sh
Slide 13: Elevating 2028 targets and setting new 2030 targets
Vision 2028 Upward Revision Summary Elevating 2028 targets and setting new heightened new 2030 targets 2028 targets are revised upward, new 5-year (2026-2030) Strategic Business Plan Vision 2030 formulation 2030 targets of BI 80+ billion yen (2x record-high), ROIC of 10+% (2x WACC) Implement largest
Slide 14: New Strategic Business Plan to further enhance shareholder value
New Strategic Business Plan Vision 2030 New Strategic Business Plan to further enhance shareholder value Vision 2030: Targeting superior profitability and capital efficiency Achieving company-wide goals through greater transparency and accountability for business units to improve market execution an
Slide 15: Commercial Strategy: Vending
Commercial Strategy: Vending Rebuild profit base and lead the business with “retailer” mindset Boost profitability and competitive edge through transformation driven by data and technology Fully leverage technology platforms and consumer insights from big data and vending machines to maximize the im
Slide 16: Commercial Strategy: OTC, Food Service
Commercial Strategy: OTC, Food Service Aim for global bottlers benchmarks to improve returns across segments OTC Food Service Lead revenue and profit growth through execution of Expand business opportunities by strengthening top-line strategies focused on key opportunities customer proposal capabili
Slide 17: Supply Chain Strategy, Back-Office and IT Strategy
Supply Chain Strategy, Back-Office and IT Strategy Drive cost reduction and reinforce foundation through digital transformation Supply Chain Backoffice/IT Optimize end-to-end supply chain processes Continue building a solid foundation to through full-scale digital enablement further advance data-dri
Slide 18: Financial Strategy, Shareholder Return Measures
Financial Strategy, Shareholder Return Measures Prioritize capital efficiency and enhance performance, delivering record- high shareholder returns • Strategies focused on enhancing shareholder value • Continue optimizing the balance sheet, that will enable ambitious shareholder returns • Execute fle
Slide 19: Summary
Summary Vision 2030 sets bold new targets, aims for significantly enhanced profitability and capital efficiency to drive shareholder value through the largest shareholder return program in our company history. Business Income ROIC Dividend per Share Share buyback 80+ B JPY 10+ % 140~150 JPY Cumulati
Slide 20: THANK YOU
THANK YOU Investor Relations Coca-Cola Bottlers Japan Holdings Inc. ir@ccbji.co.jp https://en.ccbj-holdings.com/ir/
Slide 21: Appendix
Appendix
Slide 22: Q2 QTD (April - June) Results (vs 2024)
Q2 QTD (April - June) Results (vs 2024) Unit: Million JPY Q2 2025 Q2 2024 Change YoY Actual Actual YoY Revenue 228,182 224,926 +3,256 +1.4% Sales Volume (Million Cases) 127 128 -2 -1% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million Cases) 125 127 -2 -1% COGS 127,863 125,164 +2,700 +2.2
Slide 23: NARTD Sales Trend by Channel / Category / Package (vs 2024)
NARTD Sales Trend by Channel / Category / Package (vs 2024) Q2 QTD (April to June) Sales Volume -1% By Package 1H (Jan to June) By Channel Wholesale Package Volume 1% Channel Volume revenue per case 4% 7% (Yen) S-PET Flat Supermarket (SM) -3% +56 M-PET +39% 12% 21% L-PET -8% Drug & Discounter (D&D)
Slide 24: 1H Market Share and OTC Retail Price Trends (vs 2024)
1H Market Share and OTC Retail Price Trends (vs 2024) Total channel value share remained flat vs previous year, despite a persistently competitive environment. VM value share continued to grow with solid market share foundation, capture demand despite contracting market. OTC value share dropped slig
Slide 25: 1H Marketing Initiative Review
1H Marketing Initiative Review MARKETING CORE INNOVATIONS EXPERIENCE Coke & Chicken “# CoChiLu” Minute Maid Glass Bottle Coke Yokocho Zero Sugar Lemonade in Osaka Ayataka & Onigiri / Koi-Ryokucha Renewal Osaka-Kansai EXPO GEORGIA Clear Black Portfolio Promotion thru Coke ON & Receipt Aquarius Core R
Slide 26: Q3 Marketing Initiative Highlights
Q3 Marketing Initiative Highlights MARKETING CORE INNOVATIONS EXPERIENCE Coke & Chicken FANTA Coke Summer Campaign “# CoChiLu” Promotion Amazuppai Lemon with Under-The-Cap promotion Yakan Barley Tea Ayataka Café Coke -2℃ Vending Machine Summer Campaign Green Tea Lemonade 26
Slide 27: Q2 ESG Initiatives
Q2 ESG Initiatives ------------------------------------------------------------------ Major Initiatives --------------------------------------------------------------- --------------Values-------------- Reducing waiting time and streamlining loading operations: The Beverage Environment Industry Stud
Slide 28: We bottle happy moments.
mn HIUDIS. We bottle happy moments.
Slide 29: Forward-looking Statements
Forward-looking Statements The plans, performance forecasts, and strategies appearing in this material are based on the assumptions and judgment of the management of Coca-Cola Bottlers Japan Holdings Inc. (CCBJH or Company) in view of data obtained as of the date this material was released. These fo
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