Asahi Group Holdings Ltd · TSE:2502

Asahi — Q1 2024 Earnings Presentation

14 slides from Asahi's earnings presentation, May 14, 2024

  1. Slide 1: Q1 2024 Financial Results Presentation

    Q1 2024 Financial Results Presentation May 14, 2024

  2. Slide 2: Executive Summary

    Executive Summary ◆ Overview of Q1 2024 ➢ Achieved 5.1% growth in revenue and 8.4% growth in Core Operating Profit (constant currency basis) ・Achieved overall sales growth that was in line with our plan thanks to appropriate pricing strategies and premiumization policy ・While profit from our busines

  3. Slide 3: Premium Strategy Progress

    Premium Strategy Progress ⚫ Beer-Type Beverages and Non-Alcohol Beer Q1 2024 Results (YoY) Japan Europe Oceania Total Improvement in Unit Sales Price (Excluding Liquor Tax) +5.6% +5.1% +3.9% +3.9% Revenue +6.5% +5.9% −5.8% +3.0% Sales Volume +0.8% +0.8% −9.3% −0.9% *The above figures are calculated

  4. Slide 4: Financial Highlights (Revenue and Core Operating Profit)

    Financial Highlights (Revenue and Core Operating Profit) (Constant Currency Basis) (Constant Currency Basis) 2024 Revenue (JPY Billion) Q1 Change YoY Change YoY Forecasts Japan 282.7 8.9 3.3% 1,378.0 15.1 1.1% ➢ +5.1% YoY. All businesses reported higher revenue thanks primarily to the impact of Euro

  5. 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 (JPY Billion) Q1 Change YoYvs Forecasts Change YoY Forecasts Revenue 616.6 60.3 10.8% 2,840.0 70.9 2.6% Core Operating Profit 36.3 4.0 12.2% 271.0 7.3 2.8% Operating Profit Adjustment item -

  6. Slide 6: Japan

    Japan 2024 (JPY Billion) Q1 Change YoY Change YoY Forecasts Alcohol Beverages Business 166.4 7.7 4.9% 821.0 9.7 1.2% Revenue Non-Alcohol Beverages Business 78.3 2.3 3.0% 390.7 8.5 2.2% ➢ +3.3% YoY. The overall YoY increase in Food Business 30.7 0.3 1.1% 131.7 - 0.5 - 0.4% revenue for the Alcohol Bev

  7. Slide 7: Europe

    Europe 2024 (EUR Million) Q1 Change YoY Change YoY Forecasts Revenue 896 56 6.7% 4,822 344 7.6% Revenue Core Operating Profit 34 4 12.1% 557 7 1.3% ➢ +6.7% YoY. Rose on the back of higher sales volumes and an improvement in unit sales prices generated by successful price Revenue revisions and strong

  8. Slide 8: Oceania

    Oceania 2024 (AUD Million) Q1 Change YoY Change YoY Forecasts Revenue Revenue 1,731 66 4.0% 7,423 437 6.3% ➢ +4.0% YoY. While sales volumes of alcohol Core Operating Profit 224 -24 -9.6% 1,303 118 9.9% beverages declined following a deterioration in the market environment, revenue increased on the b

  9. Slide 9: Reference

    Reference

  10. Slide 10: FX Impact (Q1 Results)

    FX Impact (Q1 Results) (Actual Currency Basis) (Constant Currency Basis) Exchange Rate Trends (JPY billion) Q1 Prev. Year Change YoY FX Impact Change YoY (JPY) 2024 Q1 2023 Q1 Japan 282.7 273.8 8.9 3.3% - 8.9 3.3% Results Results Europe 144.6 118.4 26.3 22.2% 18.3 8.0 6.7% EUR 161.3 142.2 Oceania 16

  11. Slide 11: FX Impact (2024 Forecasts)

    FX Impact (2024 Forecasts) (Actual Currency Basis) (Constant Currency Basis) Exchange Rate Trends 2024 (JPY Billion) Prev. Year Change YoY FX Impact Change YoY Forecasts (JPY) 2024 2023 Japan 1,378.0 1,362.9 15.1 1.1% - 15.1 1.1% Forecasts Results Europe 723.3 688.7 34.6 5.0% - 17.8 52.4 7.6% EUR 15

  12. Slide 12: Japan (Alcohol Beverages: Revenue/Sales Volume)

    Japan (Alcohol Beverages: Revenue/Sales Volume) (JPY Billion) 2024 *Before rebate deduction Q1 Change YoY Change YoY Forecasts Beer-type beverages 117.4 2.2 1.9% 621.0 9.9 1.6% Whiskey and spirits 18.1 4.6 34.1% 61.7 - 4.6 - 7.0% RTD 8.3 0.4 4.6% 39.0 2.2 6.1% Wine 10.5 - 0.2 - 2.2% 47.0 1.4 3.0% Sh

  13. Slide 13: Japan (Non-Alcohol Beverages: Sales Volume)

    Japan (Non-Alcohol Beverages: Sales Volume) 2024 (Millions of cases) Q1 Change YoY Change YoY Forecasts Carbonated drinks 17.45 0.63 3.7% 84.80 - 1.77 - 2.0% Lactic acid drinks 8.34 - 0.03 - 0.4% 43.50 - 0.17 - 0.4% Coffee 6.40 - 1.03 - 13.8% 29.70 0.29 1.0% Tea 8.12 0.35 4.6% 43.40 1.72 4.1% Minera

  14. Slide 14: 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

Asahi Group Holdings — Q1 2024 Earnings Presentation on 6ix