Create Restaurants Holdings Inc.TSE: 3387

Financial Results of Fiscal 2022 Q2(Supplementary Material)

Nov 15, 2021 at 2:09 AM UTC · Issued by create restaurants holdings inc.

Unlimited excitement! Financial Results of Fiscal 2022 Q2

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October 14, 2021

create restaurants holdings inc.

【TSE1, Stock code: 3387】

Contents

Ⅰ． Financial Highlights

Financial Results Overview［IFRS］
Outlet Operating Conditions and Same-store Sales vs. FY2020 3．Financial Results Overview（By Category）
4．Topics (Opened SARASHINA HORII NY)

Ⅱ．Business Forecasts for Fiscal 2022

FY2022 Overview of Business Forecasts
FY2022 Overview of Business Forecasts (By Category)

Ⅲ．Shareholder Reward Policy

1. Shareholder Reward

Ⅳ．Medium-term Management Plan

Medium to Long-Term Growth Strategy (Summary)
Improvement of Financial Base

３．Further Development of the Group Federation Management (Establishment of CMD)

４．Digital Transformation (DX)

5．Sustainability Initiatives ①②

Ⅴ．Appendix

Opening and Closing of Outlets
Same-storeSales Transition
Financial Position
Sustainability Initiatives (Environment / Social / Governance)

１

Ⅰ . Financial Highlights

２

1. Financial Results Overview ［IFRS］

Revenue: 34.5 billion yen, Operating profit: 7.3 billion yen, Profit attributable to owners of parent: 4.8 billion yen,

Adjusted EBITDA: 15.1 billion yen

Revenue
- Generally in line with forecasts (+17 million yen vs. target)
- Declaration of the fourth State of Emergency (from July 12, 2021 in Tokyo) and expansion of the stricter COVID-19 measures
- - To protect the health of our customers and employees, we continued to cooperate in preventing the spread of the COVID-19 and respond sincerely to requests from the government and local governments.
- Actual YoY same-store sales (vs. FY2020)*1 was 44.4% due to the impact of shortened operating hours, temporary closures, and the ban on serving alcohol.
Operating Profit
- In addition to the completion of the shift to a more lean cost structure, which is now firmly in place, there is support from subsidy for shorten operation hours, employment adjustment subsidies, etc. that exceeded initial expectations.
  ⇒Achieved a significant surplus, exceeding the forecast by approximately 3.8 billion yen.

	FY2021 Q2	FY2022 Q2

(Million yen)	Result *2	Ratio to	Result	Ratio to
revenue	revenue

Revenue	32,031		34,493

Operating profit	-9,760	－	7,314	21.2%

Profit before taxes	-10,198	－	7,170	20.8%

Profit for the period	-10,169	－	5,267	15.3%

Profit attributable to	-9,165	－	4,823	14.0%
owners of parent


Adjusted EBITDA *4	-1,006	－	15,121	43.8%

FY2022 Q2	Vs. target
		Difference
Target *3	Ratio to

revenue

34,476		+17

3,503	10.2%	+3,811

3,305	9.6%	+3,865

2,317	6.7%	+2,950

2,177	6.3%	+2,646


11,472	33.3%	+3,648

*1： Actual same-store sales are calculated based on the figures for FY2020 before COVID-19, including closed outlet.

*2： In the previous fiscal year, the Company finalized the provisional accounting treatment for business combinations, and the related consolidated operating results for the previous fiscal year reflect the provisional accounting treatment

*3： Figures for FY2022 Q2 (Target) are internal targets.

*4： Adjusted EBITDA= Operating profit + Other operating expenses - Other operating revenues (excluding sponsorship income, employment adjustment subsidies, subsidy for shorten operation hours, rent reductions and exemptions, etc.) + Depreciation and amortization + non-recurring expense items (advisory expenses related to share acquisition, etc.)

３

2. Outlet Operating Conditions and Same-store Sales vs. FY2020

	March	April	May	June	July	August	September	October
	（As of March 31, 2021）	（As of April 30, 2021）	（As of May 31, 2021）	（As of June 30, 2021）	（As of July 31, 2021）	（As of August 31, 2021）	（As of September 30, 2021）	（As of October 14, 2021）
Total number of outlets	1,073	1,075	1,068	1,067	1,066	1,060	1,058	1,058
Number of outlets in operation	1,041	760	790	994	870	831	841	941
（Number of outlets in operation /	97.0%	70.7%	74.0%	93.2%	81.6%	78.4%	79.5%	88.9%
Total number of outlets）

Number of outlets with shortened	637	468	549	724	542	649	671	660
operating hours

(Number of outlets with shortened operating	61.2%	61.6%	69.5%	72.8%	62.3%	78.1%	79.8%	70.1%
hours / Number of outlets in operation）

Actual same-store sales vs. FY2020	51.9%	47.6%	35.5%	42.2%	51.0%	38.3%	40.4% ※1	60.1% ※2
（Reference） SFP Category
Total number of outlets	226	226	226	226	227	227	227	227
Number of outlets in operation	222	79	41	180	68	42	48	129
（Number of outlets in operation / Total number of	98.2%	35.0%	18.1%	79.6%	30.0%	18.5%	21.1%	56.8%
outlets）

Number of outlets with shortened	176	54	24	149	36	30	32	108
operating hours

(Number of outlets with shortened operating hours	79.3%	68.4%	58.5%	82.8%	52.9%	71.4%	66.7%	83.7%
/ Number of outlets in operation）

Actual same-store sales vs. FY2020	36.5%	30.2%	7.1%	14.7%	16.4%	5.4%	5.3% ※1	30.4% ※2

*1: Preliminary	*2: Preliminary figures
figures for
for October
September
(As of Oct. 11)

* Definition of actual same-store sales vs. FY2020

Calculated based on figures for outlets opened two years ago (FY2020) or earlier, and include outlets that were closed during the period.

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