Sapporo : 3Q Financial Results Presentation Material(2.2MB)

Sapporo Group Business Results Presentation

for the Nine Months Ended September 30, 2021

*In this document, the following company name abbreviations are used:	November 5th 2021
SH: Sapporo Holdings Limited SB: Sapporo Breweries Ltd. SLN: Sapporo Lion Limited.	URL https://www.sapporoholdings.jp/en/
PS: Pokka Sapporo Food & Beverage Ltd. SRE: Sapporo Real Estate Co., Ltd.

Copyright, 2021 SAPPORO HOLDINGS LTD. All rights reserved. 1/36

１. Key Factors of 2021 3Q Results and Full-year Earnings Forecast ・・・P３

２. Business Results

・・・P4～P22

３. Appendix・・・P23～P35

Copyright, 2021 SAPPORO HOLDINGS LTD. All rights reserved. 2/36

Key Factors of 2021 3Q Results and Full-year Earnings Forecast

SB commercial-use beer and restaurant business results

for 2021 3Q and current status

Restrictions on alcoholic beverage provision due to the state of emergency had an unexpected impact on the peak season for the alcoholic beverages business. However, the restaurant market has been recovering drastically since October with the end of the state of emergency.

Full-year earnings forecast*: Unchanged

Toward fulfilling the core operating profit plan*

• Need to increase profit by ¥2.1 billion YoY for 2021 4Q.

Beer sales volume (bottle/keg) and restaurant business sales (YoY)	Core operating profit (YoY)
				(billions of yen)
		COVID-19
		5th Wave	End of State of Emergency	(Profit are needed for 4Q to achieve revised plan)
		Expansion of State of
		Emergency	Hour restrictions lifted in some areas
		Alcohol provision		Full-year earnings forecast
+10％
	restrictions

	Down
−10%	ca. 10%
YoY

Beer sales volume (bottle/keg)

−30%

−50% Restaurant business sales

Down ca. 60%

−70%

Down ca. 80%

−90%
				Jul.							*Revised full-year earnings forecast and profit plan (Released on August 6, 2021)
		Jan.-Jun.			Aug.		Sep.		Oct.
										Copyright, 2021 SAPPORO HOLDINGS LTD. All rights reserved. 3/36
*Calculated from preliminary simple cumulative sales value of SLN

Business Results

Copyright, 2021 SAPPORO HOLDINGS LTD. All rights reserved. 4/36

Review of the Nine Months Ended September 30, 2021: Results

Sales of canned beer, lemon-based products, and plant-based milk products remained solid.

RTD and Sapporo brand sales in North America rose strongly.

Black Label brand canned	Yebisu brand canned	RTD sales volume
product sales volume	product sales volume

Up	% YoY	Up % YoY	Up	% YoY
North America Sapporo Brand	Lemon-based products	Soy beans and chilled
products sales
sales volume	sales

Up % YoY	Up % YoY	Up % YoY

Copyright, 2021 SAPPORO HOLDINGS LTD. All rights reserved. 5/36