Suntory Beverage & Food : Supplementary Information for Q2 2022

Supplementary Material on Consolidated Financial Results for the First

Six Months of the Year Ending December 31, 2022

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 Statement of Cash Flows
6. Other Information

Suntory Beverage & Food Limited

August 9, 2022

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, 2021		June 30, 2022	Increase (decrease)
					Ratio to revenue			Ratio to revenue
Revenue				603.8		100.0%	679.0		100.0%	75.2	12.4%
Gross profit			253.6		42.0%	267.8		39.4%	14.2	5.6%
Selling,	general and	administrative	192.7		31.9%	203.2		29.9%	10.5	5.5%
expenses
Gain on	investments	accounted	for	0.0		0.0%	0.1		0.0%	0.1	245.9%
using the equity method
Other income			1.0		0.2%	17.4		2.6%	16.4	-
Other expenses			1.5		0.3%	1.7		0.2%	0.1	7.2%
Operating income			60.4		10.0%	80.4		11.8%	20.0	33.1%
Finance income			0.3		0.0%	0.8		0.1%	0.6	220.1%
Finance costs			1.3		0.2%	1.0		0.1%	(0.3)	(24.5)%
Profit before tax for the period		59.3		9.8%	80.2		11.8%	20.9	35.2%
Income tax expense			18.8		3.1%	22.1		3.3%	3.3	17.3%
Profit for the period			40.5		6.7%	58.1		8.6%	17.6	43.4%
Profit for the period	attributable	to	8.3		1.4%	9.4		1.4%	1.0	12.3%
non-controlling interests
Profit for the period	attributable	to	32.2		5.3%	48.7		7.2%	16.6	51.5%
owners of the Company

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(2) Other Indices

									(Billions of yen)
		Six months ended	Six months ended	Increase (decrease)
		June 30, 2021		June 30, 2022
Depreciation				34.5			35.1	0.5	1.6%
Operating income	Operating margin	60.4		10.0%	80.4		11.8%	20.0	33.1%
EBITDA*1	EBITDA margin	95.5		15.8%	99.7		14.7%	4.2	4.4%
*1 EBITDA is calculated as operating income - other income + other expenses + depreciation.
		As at December 31, 2021	As at June 30, 2022	Increase (decrease)
Total assets				1,676.9			1,848.9	171.9	10.3%
Total equity				944.0			1,056.6	112.7	11.9%
D/E ratio (Times) *2			0.04			(0.02)

*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, 2021		June 30, 2022
USD		107.9	123.2
EUR		129.9	134.4
GBP		149.9	159.6
SGD		80.9	90.2
THB		3.5	3.7
VND		0.0047	0.0054
NZD		77.3	81.6
AUD		83.2	88.6

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2. Revenue Details

			(Billions of yen with fractional amounts rounded off)
	Six months ended	Six months ended			Increase
	Increase (decrease)	(decrease)	Reference
	June 30, 2021	June 30, 2022			currency
					neutral
Japan	298.0	305.9	7.9	2.6%	-
Asia Pacific	148.7	174.6	25.8	17.4%	7.8%
Europe	111.1	140.1	29.0	26.1%	21.0%
Americas	46.0	58.5	12.5	27.1%	11.3%
Reconciliations	-	-	-	-	-
Consolidation total	603.8	679.0	75.2	12.4%	8.1%

3. Profit Details

(1) EBITDA

					(Billions of yen)
					Increase
	Six months ended	Six months ended	Increase (decrease)	(decrease)	Reference
	June 30, 2021	June 30, 2022			currency
					neutral
Japan	35.9	32.0	(4.0)	(11.0)%	-
Asia Pacific	31.0	33.5	2.5	8.1%	1.7%
Europe	24.6	29.0	4.4	17.7%	12.6%
Americas	7.7	9.5	1.8	22.9%	7.5%
Reconciliations	(3.8)	(4.2)	(0.5)	-	-	*
Consolidation total	95.5	99.7	4.2	4.4%	0.1%

• "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, 2021	June 30, 2022			currency
					neutral
Japan	17.6	14.1	(3.4)	(19.6)%	-
Asia Pacific	23.6	41.3	17.7	74.8%	61.2%
Europe	18.8	23.3	4.5	23.7%	18.4%
Americas	5.8	7.4	1.6	26.8%	11.0%
Reconciliations	(5.4)	(5.7)	(0.3)	-	-	*
Consolidation total	60.4	80.4	20.0	33.1%	25.5%

• "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, 2021	17.6
Increase in revenue	7.9
Increase in cost of goods sold	(11.3)
Increase in sales promotion and advertising costs	(0.6)
Decrease in other expenses	0.6
Segment profit for the Six months ended June 30, 2022	14.1

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