Suntory Beverage & Food : Supplementary Information for Q2 2021

Supplementary Material on Consolidated Financial Results for the First

Six Months of the Year Ending December 31, 2021

1. Summary of Consolidated Statement of Profit or Loss, Indices, etc.
2. Revenue Details
3. Profit Details
4. Summary of Consolidated Statement of Financial Position
5. Summary of Consolidated Statements of Cash Flows
6. Other Information

Suntory Beverage & Food Limited

August 12, 2021

1. Summary of Consolidated Statement of Profit or Loss, Indices, etc.

(1) Summary of Consolidated Statement of Profit or Loss

						(Billions of yen with fractional amounts rounded off)
	Six months ended		Six months ended
	June 30, 2020		June 30, 2021	Increase (decrease)
		Ratio to revenue			Ratio to revenue
Revenue	552.5		100.0%	603.8		100.0%	51.3	9.3%
Gross profit	225.2		40.8%	253.6		42.0%	28.4	12.6%
Selling, general and administrative	188.6		34.1%	192.7		31.9%	4.0	2.1%
expenses
Gain on investments accounted for	(0.1)		(0.0)%	0.0		0.0%	0.1	(124.5)%
using the equity method
Other income	1.5		0.3%	1.0		0.2%	(0.5)	(35.5)%
Other expenses	2.3		0.4%	1.5		0.3%	(0.7)	(32.2)%
Operating income	35.7		6.5%	60.4		10.0%	24.7	69.1%
Finance income	0.6		0.1%	0.3		0.0%	(0.3)	(55.8)%
Finance costs	1.2		0.2%	1.3		0.2%	0.1	11.1%
Profit before tax for the period	35.1		6.4%	59.3		9.8%	24.2	69.0%
Income tax expense	8.6		1.5%	18.8		3.1%	10.3	120.1%
Profit for the period	26.6		4.8%	40.5		6.7%	14.0	52.5%
Profit for the period attributable to	5.6		1.0%	8.3		1.4%	2.7	48.2%
non-controlling interests
Profit for the period attributable to	20.9		3.8%	32.2		5.3%	11.2	53.7%
owners of the Company

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(2) Other Indices

									(Billions of yen)
		Six months ended	Six months ended	Increase (decrease)
		June 30, 2020		June 30, 2021
Depreciation				35.3			34.5	(0.8)	(2.2)%
Operating income	Operating margin	35.7		6.5%	60.4		10.0%	24.7	69.1%
EBITDA *1	EBITDA margin	71.8		13.0%	95.5		15.8%	23.7	33.1%
*1 EBITDA is calculated as operating income - other income + other expenses + depreciation.
									(Billions of yen)
		As at December 31, 2020	As at June 30, 2021	Increase (decrease)
Total assets				1,574.3			1,672.3	98.1	6.2%
Total equity				859.6			915.7	56.2	6.5%
D/E ratio (Times) *2			0.1			0.0

*2 D/E ratio is calculated as (interest-bearing debt - cash and cash equivalents ± valuation difference from adopting hedge accounting, etc.) / total equity.

(3) Exchange Rates for the Consolidation of Profit or Loss of the Major Overseas Companies

			(Yen, average exchange rate)
	Six months ended		Six months ended
	June 30, 2020		June 30, 2021
USD		108.2	107.9
EUR		119.3	129.9
GBP		136.4	149.9
SGD		77.4	80.9
THB		3.4	3.5
VND		0.0046	0.0047
NZD		67.8	77.3
AUD		71.2	83.2

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2. Revenue Details

					(Billions of yen)
	Six months ended	Six months ended			Increase
	Increase (decrease)	(decrease)	Reference
	June 30, 2020	June 30, 2021			currency
					neutral
Japan	298.7	298.0	(0.7)	(0.2)%	-
Asia Pacific	127.6	148.7	21.1	16.5%	11.6%
Europe	87.7	111.1	23.4	26.7%	16.2%
Americas	38.6	46.0	7.4	19.2%	19.6%
Reconciliations	-	-	-	-	-
Consolidation total	552.5	603.8	51.3	9.3%	6.7%

• Due to the organizational changes, the previous segments of "Asia" and "Oceania" were merged and are now presented as "Asia Pacific."

3. Profit Details

(1) EBITDA

					(Billions of yen)
					Increase
	Six months ended	Six months ended	Increase (decrease)	(decrease)	Reference
	June 30, 2020	June 30, 2021			currency
					neutral
Japan	30.7	35.9	5.2	17.0%	-
Asia Pacific	23.9	31.0	7.0	29.5%	26.9%	*1
Europe	16.2	24.6	8.4	51.8%	38.9%
Americas	4.7	7.7	3.0	63.8%	64.3%
Reconciliations	(3.8)	(3.8)	0.1	-	-	*2
Consolidation total	71.8	95.5	23.7	33.1%	29.5%

*1 Due to the organizational changes, the previous segments of "Asia" and "Oceania" were merged and are now presented as "Asia Pacific."

*2 "Reconciliations" to segment EBITDA represents overhead costs incurred by the Company to manage the Group's operations and is not allocated to each reportable segment.

(2) Segment Profit

					(Billions of yen)
					Increase
	Six months ended	Six months ended	Increase (decrease)	(decrease)	Reference
	June 30, 2020	June 30, 2021			currency
					neutral
Japan	11.1	17.6	6.5	58.7%	-
Asia Pacific	16.6	23.6	7.0	42.1%	37.9%	*1
Europe	10.5	18.8	8.3	78.8%	63.5%
Americas	2.9	5.8	2.9	97.8%	98.5%
Reconciliations	(5.4)	(5.4)	0.0	-	-	*2
Consolidation total	35.7	60.4	24.7	69.1%	62.9%

*1 Due to the organizational changes, the previous segments of "Asia" and "Oceania" were merged and are now presented as "Asia Pacific."

*2 "Reconciliations" to segment profit represents overhead costs incurred by the Company to manage the Group's operations and is not allocated to each reportable segment.

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(3) Breakdown of Increase (Decrease) in Segment Profit for Japan Business Segment

	(Billions of yen)
Segment profit for the six months ended June 30, 2020	11.1
Decrease in revenue	(0.7)
Decrease in cost of goods sold	3.3
Decrease in sales promotion and advertising costs	0.5
Decrease in other expenses	3.4
Segment profit for the six months ended June 30, 2021	17.6

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