Financial Results for H1 Fiscal Year Ending December 31, August 6, 2015 Suntory Beverage & Food Limited

Transcription

1 Financial Results for H1 Fiscal Year Ending December 31, 2015 August 6, 2015 Suntory Beverage & Food Limited

2 2015 SUNTORY 2013 BEVERAGE SUNTORY BEVERAGE & FOOD & LIMITED. Limited. All Rights All Reserved Rights Reserved. 2 H1 Review and Future Challenges Nobuhiro Torii, President & CEO

3 Performance Highlights of H1, 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 3 2 Jan Jun, YoY Change Net sales % Operating Income % Net Income %

4 Key Initiatives in 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 4 3 Reinforcing Core Brands Strengthening Distribution Reducing Manufacturing Cost

5 Key Initiatives in 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 5 4 Reinforcing Core Brands

6 Key Initiatives in 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 6 5 Strengthening Distribution Strengthened businesses in Horeca (on-premise) channel in Spain Started SBF s marketing activities in Malaysia and Hong Kong

7 Key Initiatives in 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 7 6 Reducing Manufacturing Cost Started production of bottle-shaped canned coffee at Haruna Plant Launched operation of PET bottle preform plant in Vietnam

8 Our Vision 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 8 7 Our vision for value A quest for the best tastes & quality to bring happiness & wellness into everyday life. Our vision for the company To be the leading global soft drink company recognized for our premium and unique brands.

9 2015 SUNTORY 2013 BEVERAGE SUNTORY BEVERAGE & FOOD & LIMITED. Limited. All Rights All Reserved Rights Reserved. 9

10 2015 SUNTORY 2013 BEVERAGE SUNTORY BEVERAGE & FOOD & LIMITED. Limited. All Rights All Reserved Rights Reserved. 10 Financial Results for H1, Kazuhiro Saito, Managing Executive Officer & CFO

11 Financial Results for H1, Change YoY % YoY Net Sales % Operating Income Net Income Ratio 5.8% 6.1% 18.8 Ratio 2.5% 3.0% % +26.4% EBITDA Net income before amortization of goodwill % % * EBITDA = operating income + depreciation and amortization + amortization of goodwill 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 11 10

12 Japan: Invested in marketing to reinforce core brands 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved YoY Change % YoY Sales Segment Profit % -20.3%

13 Japan Segment: Results for H1, 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved Breakdown of Changes in Segment Profit Volume Product mix Cost reduction Sales promotion & advertising Others

14 Overseas Segment: Results for H1, Sales YoY Change % YoY Currency neutral Overseas % +1.7% Europe % -4.5% Asia % +10.2% Oceania % +6.6% Americas % +2.5% 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 14 13

15 Overseas Segment: Results for H1, 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved Segment Profit Overseas 28.2 YoY Change % % YoY Currency neutral +19.0% Europe % +17.1% Asia % +29.3% Oceania % +34.6% Americas % +7.3%

16 Europe: Good sales in Horeca channel in Iberia % Change Currency neutral Sales % -4.5% Like-for-like* -1.6% Segment Profit % +17.1% * Like-for-like basis: Exclude the reclassification impact of recording sales of Lucozade and Ribena in Asia and Oceania to respective area in 2015, which were both included in Europe in SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 16 15

17 Asia: Strong performance in Vietnam % Change Currency neutral Like-for-like* Sales % +10.2% +6.2% Segment Profit % +29.3% * Like-for-like basis: Exclude the reclassification impact of recording sales of Lucozade and Ribena in Asia and Oceania to respective area in 2015, which were both included in Europe in SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 17 16

18 Oceania: Incremental sales from V and new products % Change Currency neutral Like-for-like* Sales % +6.6% +1.8% Segment Profit % +34.6% * Like-for-like basis: Exclude the reclassification impact of recording sales of Lucozade and Ribena in Asia and Oceania to respective area in 2015, which were both included in Europe in SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 18 17

19 Americas: Further improvement in business efficiency 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved % Change Currency neutral Sales % +2.5% Segment Profit % +7.3%

20 Consolidation of Japan Beverage Group and others 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved Completed acquisition of shares and brands by end of July 2015 Impact on financial performance will be disclosed at financial results announcement for Q3,

21 2015 SUNTORY 2013 BEVERAGE SUNTORY BEVERAGE & FOOD & LIMITED. Limited. All Rights All Reserved Rights Reserved. 21

22 Forecast for Change YoY % YoY Net Sales 1, , % Operating Income Ratio 6.8% 7.1% % Net Income % Ratio 2.9% 3.2% EBITDA Net income before amortization of goodwill % % * EBITDA = operating income + depreciation and amortization + amortization of goodwill 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 22 21

23 Japan Segment: Forecast for 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved Change YoY % YoY Sales Segment Profit % +2.9%

24 Japan Segment: Forecast for 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved Breakdown of Changes in Segment Profit Volume Product mix Cost reduction Sales promotion & advertising Others (Forecast)

25 Overseas Segment: Forecast for Sales YoY Change % YoY Currency neutral Overseas % +4.8% Europe % +1.2% Asia % +12.0% Oceania % +7.4% Americas % +0.9% 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 25 24

26 Overseas Segment: Forecast for Segment Profit Overseas 64.4 YoY Change % % YoY Currency neutral +7.2% Europe % +7.3% Asia % +14.3% Oceania % +4.5% Americas % +0.7% 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 26 25

27 Exchange Rates (Yen) (Forecast) U.S. Dollar Euro British Pound Singapore Dollar New Zealand Dollar Australian Dollar Indonesian Rupiah * Average exchange rate 2013 SUNTORY BEVERAGE & FOOD Limited. All Rights Reserved 27 26

28 2015 SUNTORY 2013 BEVERAGE SUNTORY BEVERAGE & FOOD & LIMITED. Limited. All Rights All Reserved Rights Reserved. 28 Forward-Looking Statements This document contains forward-looking statements related to business and financial performance of the Company or the Group. These forward-looking statements are projections made based on the currently available information and are subject to risks and uncertainties including, but not limited to, economic trends, competition in the industry in which the Company and the Group operate, market needs, exchange rates, as well as tax and other systems. Therefore, actual business results and other outcomes published in the future may vary due to these factors. The Company accepts no liability for any loss or damage arising from the use of the information contained in this document.