Asahi Group Holdings Ltd · TSE:2502
Asahi — Q3 2023 Earnings Presentation
16 slides from Asahi's earnings presentation, Nov 10, 2023
Slide 1: Q3 2023 Financial Results Presentation
Q3 2023 画像検討中 Financial Results Presentation 代えられる なら変えた い November 10, 2023
Slide 2: Executive Summary
Executive Summary ◆Overview of Q3 2023 ➢ Achieved 6.1% growth in revenue and 8.6% growth in core operating profit (Q1-Q3 2023: constant currency basis) ・ Achieved a higher-than-planned increase in profit after the impact of higher revenue more than offset the considerable increase in costs. Greater
Slide 3: Improvement in Unit Sales Price/Variable Cost Increases
Improvement in Unit Sales Price/Variable Cost Increases ◆ Improvement in Unit Sales Price (vs. Jan-Sep 2022) Japan Australia (Alcohol Europe (Alcohol Beverages) Beverages) Beer-Type Beverages Unit Price （Excluding Liquor Tax） ＋9.5％ ＋15.6％ +3.1％ *Including non-alcohol category *Including non-alcohol
Slide 4: Revenue/Core Operating Profit
Revenue/Core Operating Profit (Constant Currency Basis) (Constant Currency Basis) 2023 Q3 (JPY billion) Change YoY Revised Change YoY (9 months) Forecast * Revenue Japan 1,006.2 36.9 3.8% 1,338.0 36.3 2.8% ➢ +6.1% YoY overall. Revenue rose Europe 524.4 37.7 8.6% 666.2 63.9 11.1% across all businesse
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 Q3 (JPY billion) Change YoY Revised Change YoY (9 months) Forecast Revenue 2,023.0 173.1 9.4% 2,690.0 178.9 7.1% Operating Profit Core Operating Profit 199.6 22.8 12.9% 254.0 10.2 4.2% Adjus
Slide 6: Japan
Japan Revenue Q3 2023 ➢ +3.8% YoY overall thanks to the on- (JPY billion) Change YoY Revised Change YoY premise recovery in the Alcohol (9 months) Forecast Beverages Business and higher revenue Alcohol Beverages Business 593.2 8.1 1.4% 791.9 5.7 0.7% from each business fueled by successful price rev
Slide 7: Japan (Alcohol Beverages: Revenue/Sales Volume)
Japan (Alcohol Beverages: Revenue/Sales Volume) (JPY billion) 2023 Q3 *Before rebate deduction Change YoY Revised Change YoY (9 months) Forecast Beer-type beverages 446.2 3.4 0.8% 596.3 2.9 0.5% Beer-Type Beverages Whiskey and spirits 46.9 8.1 20.8% 65.9 10.6 19.2% ➢ +0.8% YoY. While off-premise sal
Slide 8: Japan (Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Alcohol Beverages: Breakdown of Changes in Profit) 2023 Q3 (JPY billion) Change YoY Revised Change YoY (9 months) Forecast Change in sales, category and container mix - 23.3 - 29.5 Cost reduction in manufacturing - 1.9 - 2.5 Cost increase in manufacturing - - 14.0 - - 18.1 Advertisement and s
Slide 9: Japan (Non-Alcohol Beverages: Sales Volume)
Japan (Non-Alcohol Beverages: Sales Volume) 2023 Q3 (Millions of cases) Change YoY Revised Change YoY (9 months) Forecast Sales volume Carbonated drinks 67.40 1.98 3.0% 83.00 0.50 0.6% Lactic acid drinks 33.63 - 1.50 - 4.3% 41.90 - 2.58 - 5.8% ➢ +0.6% YoY. Despite lower sales of lactic acid drinks a
Slide 10: Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit)
Japan (Non-Alcohol Beverages: Breakdown of Changes in Profit) 2023 Q3 (JPY billion) Change YoY Revised Change YoY (9 months) Forecast Change in sales, category and container mix - 8.4 - 8.4 Cost reduction in manufacturing - 1.7 - 2.6 Cost increase in manufacturing - - 14.4 - - 22.9 Advertisement and
Slide 11: Europe
Europe 2023 Q3 （Khl／million Euro） Change *1 YoY *1 Revised Change *1 YoY *1 (9 months) Sales volume Forecast Revenue 3,501 277 8.6% 4,495 462 11.1% ➢ -3.9% YoY as sales volumes were impacted by inflation and deteriorating Core OP*1 461 -1 -0.2% 532 5 0.8% weather conditions during peak times Revenue
Slide 12: Oceania
Oceania 2023 Q3 (million AUD) Change YoY Revised Change YoY (9 months) Forecast Revenue 4,808 342 7.7% 6,927 523 8.2% Revenue Core Operating Profit 716 4 0.5% 1,195 20 1.7% ➢ +7.7% YoY. Sales volumes centered around mainstay brands increased. Also, unit sales prices improved thanks to Net Sales (exc
Slide 13: Reference
Reference
Slide 14: FX Impact (Q1-Q3 Results)
FX Impact (Q1-Q3 Results) (Actual Currency Basis) (Constant Currency Basis) Q3 (JPY billion) Prev. Year Change YoY FX Impact Change YoY (9 months) Japan 1,006.2 969.4 36.9 3.8% - 36.9 3.8% <Exchange Rate Trends> Europe 524.4 436.8 87.6 20.1% 49.9 37.7 8.6% Q3 2023 Q3 2022 (Yen) Oceania 444.2 404.2 4
Slide 15: FX Impact (Revised 2023 Forecasts)
FX Impact (Revised 2023 Forecasts) (Actual currency basis) (Constant currency basis) 2023 (JPY billion) Revised Prev. Year Change YoY FX Impact Change YoY Forecast <Exchange Rate Trends> Japan 1,338.0 1,301.7 36.3 2.8% - 36.3 2.8% 2023 Europe 666.2 573.9 92.3 16.1% 28.4 63.9 11.1% Revised 2022 (Yen)
Slide 16: Information in this material is not intended to solicit the sale or purchase of shares
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 expressed in this document are based on the company's judgment at the time of publication, and no guarantees are provided regarding the accuracy