17( -1- -36-
FACTBOOK
20132 14
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.
2020
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.2
•
•
• s
2015
CF
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.3
58.4%23.5%
6.4%
10.0%
1.7%
12 12 31
29 H19. 6.22 10,000 1.88% H26. 6.202023 CB H20. 5.29 35,144 0.00% H35. 5.262028 CB H20. 5.29 35,000 0.00% H40. 5.26
31 H21. 7.17 10,000 0.92% H26. 7.17H22. 4.27 20,000 0.63% H27. 4.27
1 H23. 10.21 30,000 0.52% H28. 10.21 2 H23. 10.21 20,000 0.76% H30. 10.19 3 H24. 7.13 18,000 0.33% H29. 7.13 4 H24. 7.13 10,000 0.55% H31. 7.12
23 7 1
(12 12 31 )
15,791
12
12 12 31
R&I AJCR AA
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.4
12 12 31
'08/12 '09/12 '10/12 '11/12 '12/12
2,165 1,727 1,830 1,724 1,9441,401 1,118 1,427 1,314 1,625
483,585 483,585 483,585 483,585 483,58518,762 18,577 18,220 17,950 17,611
EPS 96.3 102.5 114.1 118.4 122.820.0 21.0 23.0 25.0 28.0
115,450 119,908 131,262 123,931 120,251
39.9 37.8 37.7 37.7 37.0
25.6 26.9 25.9 26.5 28.0
16.7 16.8 17.2 16.5 15.8
16.5 16.3 16.2 16.2 16.7
1.4 2.2 2.9 3.2 2.5
0
20
40
60
80
100
'08/12 '09/12 '10/12 '11/12 '12/12
12 12 31
25,208 5.2%
20,472 4.2%
18,785 3.9%16,920 3.5%16,683 3.4%9,585 2.0%9,028 1.9%8,949 1.9%8,126 1.7%
7,384 1.5%
141,142 29.2%17,611
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.5
(12 12 31 )
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.6
35
38
310
24
24
(12 12 )
2011
487 448 96 64114 103 - -
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.7
11
(12 12 )
1312 , NZ 1 )
21 , NZ 1 )
Permanis Sdn. Bhd. 2
(12 12 )
91 19662 19723 19914 20025 19736 18917 19988 1921
79 1934
10 196011 196912 197713 196714 195915 1914
116 -
117 -
318 200119 199420 1990
21 -22 -
423 -24 -25 -26 -
327 -28 -29 -
230 -31 -
232 -33 -
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.8
18891889 20032003
M&A
1889( 22 ) 111891( 24 ) 101892( 25 )1897( 30 )1906( 39 ) 3
1930( )1944( 19 )1949( 24 ) 9
1954( 29 ) 81972( 47 ) 31980( 55 )1982( 57 )1983( 58 )1985( 60 ) 101986( 61 ) 2
31987( 62 ) 31988( 63 ) 7
101989( 64 ) 1
( )1990( 2 ) 91992( 4 ) 3
91993( 5 )1994( 6 ) 1
31995( 7 ) 121996( 8 ) 71997( 9 ) 9
121998( 10 ) 4
512
1999( 11 ) 189
2000( 12 )2001( 13 ) 2
412
2002( 14 ) 1789
1012
2003( 15 ) 1
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.9
20042004 20122012
M&A
2004( 16 ) 2457
112005( 17 ) 3
4569
2006( 18 ) 1
35
2007( 19 ) 2
34
122008( 20 ) 3
468
1112
2009( 21 ) 24
122010( 22 3
41112
2011( 23 178999
112012( 24 1
247
10
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.10
2007 2008 2009 2010 2011 201219 20 21 22 23
1,464,071 1,462,747 1,472,468 1,489,460 1,462,736 1,579,077961,181 953,486 958,444 943,323 907,243 974,702
(494,663) (473,106) (451,011) (433,820) (414,327) (421,953)502,890 509,261 514,024 546,137 555,493 604,375415,934 414,741 431,247 450,787 448,303 495,937(2,486) (3,994) (7,055) (7,723) (8,905) (13,991)86,955 94,520 82,777 95,349 107,190 108,437-2,972 -3,395 -1,873 -2,624 -2,198 -2,304
678 312 328 314 333 4021,369 1,485 2,426 1,389 1,136 1,335
-5,020 -5,193 -4,628 -4,328 -3,668 -4,0439,010 9,105 8,512 9,846 5,480 10,617
90,217 96,474 90,546 101,142 110,909 114,82244,797 45,014 47,644 53,080 55,094 57,183
EBITDA 1 134,692 145,867 145,758 157,675 166,833 170,982
44,480 36,134 32,580 27,820 30,685 41,19745,250 47,353 55,926 54,602 50,738 48,553
1,324,391 1,299,058 1,433,652 1,405,358 1,529,908 1,732,188411,211 412,344 428,047 421,052 457,146 529,189278,238 265,048 274,558 274,379 279,596 317,008
90,436 97,039 - - - -- - 97,442 95,358 102,631 113,519
913,179 886,714 1,005,605 984,305 1,072,762 1,202,998622,718 606,791 599,108 557,100 536,236 583,399596,796 516,061 573,780 499,874 602,166 680,068197,813 248,369 282,169 292,813 283,943 325,240332,457 302,259 391,876 311,423 390,092 456,234529,872 534,627 577,702 612,670 643,799 726,879514,666 521,594 573,472 612,191 641,733 723,819
69,573 106,094 106,358 125,608 108,513 109,292-117,828 -58,235 -180,637 -41,790 -171,235 -134,320
36,126 -46,365 78,545 -90,828 67,090 43,00211,741 12,697 18,082 10,813 16,137 34,320
2 28,170 65,378 67,121 95,463 81,919 68,9521: 2: ±
ROE 9.0% 8.7% 8.7% 9.0% 8.8% 8.4%ROA 6.9% 7.4% 6.6% 7.1% 7.6% 7.0%EPS 94.9 96.3 102.5 114.1 118.4 122.8BPS 1,089.3 1,122.1 1,233.3 1,315.5 1,378.2 1,553.4
20.0% 20.8% 20.5% 20.2% 21.1% 22.8%
34.3% 34.8% 34.9% 36.7% 38.0% 38.3%5.9% 6.5% 5.6% 6.4% 7.3% 6.9%
(9.0%) (9.6%) (8.1%) (9.0%) (10.2%) (9.4%)6.2% 6.6% 6.1% 6.8% 7.6% 7.3%3.1% 3.1% 3.2% 3.6% 3.8% 3.6%
EBITDA 9.2% 10.0% 9.9% 10.6% 11.4% 10.8%
1.12 1.12 1.08 1.05 1.00 0.973.0 2.8 2.7 2.5 2.3 2.32.3 2.4 2.4 2.6 2.7 2.8
16.0 15.6 15.1 15.5 14.8 14.65.3 5.4 5.5 5.4 5.3 5.3
38.9% 40.2% 40.0% 43.6% 41.9% 41.8%154.4% 146.6% 149.3% 129.5% 138.1% 138.9%
68.9% 79.9% 74.6% 84.2% 75.9% 77.8%177.4% 170.0% 175.4% 160.8% 167.2% 166.2%128.2% 115.2% 117.5% 108.8% 115.9% 114.7%
13.4 20.4 23.1 30.7 32.4 32.70.65 0.58 0.68 0.51 0.61 0.63
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.11
2012
2011
1,697 30 2,304 175 4,001 205 2,760 113 2,559 126 9,424 468622 +28 930 +90 1,552 +118 962 5 796 +61 3,298 +176242 +18 262 +7 504 +25 236 +5 278 +1 1,001 +27207 36 204 31 411 67 204 38 328 +71 942 3435 19 13 10 48 29 192 2 182 +12 706 +27
- - - - - - 211 +15 176 +9 744 +5(761) ( 18) (1,033) ( 85) (1,794) ( 103) (1,216) ( 45) (1,133) ( 48) (4,143) ( 195)2,802 39 3,714 119 6,517 157 4,145 137 3,966 +27 14,627 267
84 +83 224 8 308 +75 383 +55 309 +10 1,010 +1388 +2 70 +30 62 +31 72 +7 8 8 142 +31
12 +8 11 4 23 +4 3 6 19 +0 45 25 +10 7 +3 2 +13 3 +6 34 +22 29 +41
19 3 8 2 26 6 3 5 3 +2 8 4- - - - - - 36 37 35 35 72 74
18 1 19 2 38 1 19 +1 33 12 89 1274 +99 290 +19 364 +118 403 +22 304 21 1,072 +11818 2 19 12 37 14 23 23 5 7 55 44
106 +124 307 +10 413 +134 411 4 285 32 1,109 +9836 +36 126 29 163 +7 197 +89 192 76 551 +20
E B I T D A 224 +92 439 +13 663 +105 546 +6 459 20 1,668 +92:
13,333 720 - - 13,576 478 14,506 +452 - - 15,299 +1,2453,553 +438 - - 3,018 96 3,699 +585 - - 3,901 +787
2.6% +3.5% 7.8% +0.7% 5.6% +1.9% 9.7% +0.8% 7.7% 0.6% 7.3% +0.9% 3.6% +4.8% 10.8% +0.8% 7.7% +2.5% 13.8% +1.1% 10.7% 1.1% 10.2% +1.2%
65 1 50 12 114 12 71 +12 121 +29 307 +29131 7 130 8 261 14 124 14 123 10 507 39
314 130 - - 195 207 974 62 - - 1,085 17172 +39 - - 102 +131 1,457 1,142 - - 1,712 1,294
463 +180 - - 87 +125 532 +1,305 - - 671 +1,57978 +89 - - 6 +53 49 +103 - - 52 +125
1Q 2Q 2Q 3Q 4Q
1,775 +31 2,409 +47 4,183 +79 2,688 73 2,569 +10 9,440 +16692 +75 984 +61 1,676 +136 1,008 +46 1,071 +275 3,754 +456245 +9 261 +10 506 +20 243 +6 286 +8 1,035 +34394 +188 353 +149 747 +337 356 +152 476 +148 1,580 +637156 +12 195 +7 351 +19 193 +0 201 +20 745 +39153 8 208 +4 360 3 198 +13 205 29 763 19
(797) (36) (1,069) (36) (1,865) (72) (1,191) ( 26) (1,164) (30) (4,220) (76)3,110 +308 3,993 +279 7,103 +586 4,289 +144 4,399 +433 15,791 +1,163
136 +49 269 +37 405 +86 361 21 367 +58 1,133 +12336 28 67 3 32 31 39 34 32 +25 102 402 10 8 3 10 12 7 +4 22 +4 40 5
13 +8 4 +11 18 +20 2 +4 51 +17 70 +413 +0 3 2 0 2 1 2 5 +3 6 2
30 30 35 34 65 64 27 +9 34 +1 127 5436 17 35 16 71 33 33 15 35 3 140 5146 28 281 9 328 37 349 54 408 +104 1,084 +123 21 55 +36 52 +15 22 1 32 +38 106 +51
40 65 318 +11 359 54 352 59 437 +152 1,148 +3913 23 243 +117 256 +94 200 +3 116 76 572 +21
E B I T D A 204 46 499 +31 703 15 501 44 574 +114 1,710 +42:
15,281 18 - - 15,698 +399 15,606 92 - - 17,322 +2,0234,461 +560 - - 4,148 +247 3,747 401 - - 4,562 +661
1.5% 1.2% 7.0% 0.8% 4.6% 1.0% 8.1% 1.6% 9.3% +1.6% 6.9% 0.5% 2.0% 1.6% 9.6% 1.2% 6.3% 1.5% 11.3% 2.5% 12.6% +1.9% 9.4% 0.9%
70 +5 87 +38 157 +43 79 +7 176 +55 412 +105119 13 117 12 236 25 119 5 131 +8 486 22
- - - - 315 +120 - - - - 1,093 +8- - - - 244 142 - - - - 1,343 +369- - - - 147 +234 - - - - 430 241- - - - 217 +210 - - - - 182 +130
4Q1Q 2Q 2Q 3Q
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.12
12
12
1,656 100.0% - 20 15 288
632 12 10 264 20 20 261
346 5-20 - 341
82 100.0% 05 5 - - -
228 100.0% - - - - -
308 100.0% 06 4 20 14 61 06 4 227 07 3 9
154 100.0% 08 7 5 1 1 08 6 7 10 12 1
2,552 100.0% 09 4 193 20 16 157 *1 (*2) 1,265 20 16-18 1,237
60 4-20 - 220
Permanis 335 100.0% 11 11 133 19 18 142
70 9 8 72
- 19.9% 09 10 20 17 435 -
- 30.4% 04 4 20 12 104 -
*1 Asahi Holdings (Australia) Pty Ltd
*2 Asahi Beverages Australia Charlie's Group Independent Liquor Group 11 9
8
379
54
500
297
236
-
12 ,
3,336 88 20 3,440 120 20
265 10 8 1,200 72 33
204 2 215 4
513 23 540 24
364 10 4 380 15 4
197 7 + 1 213 8 + 1
111 1 120 1
1,297 69 92 1,450 101 104
Permanis 155 6 15 188 8 17
( 3) ( 12)
( 5) ( 21)
( 66) ( 68)
( 16) ( 27)
( 10) ( 10)
Permanis ( 8)
( 9)
302
76
33
99
8
412
54
20
486
82.7
12.7
25.9
79.8
82.4
12.4
12 13 2/13
1211
181
71
52
13
85.0
88.0
12 13 2/13
13.0
28.0
US 79.8
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.13
785 847 993 1,115911
9,1969,6339,8559,208
10,196
0
2,000
4,000
6,000
8,000
10,000
08 09 10 11 120
200
400
600
800
1,000
1,200
1,400
4%
3%
1%
14%
3%2%
7% 65%
12
12
1949 9 9,208200 1,1154,783 ( )
2011 7
” ”
RTD
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.14
1 2 3 4 5 6
1,096 +11.3% 49.9% 1,313 -2.5% 44.0% 1,677 -4.6% 49.7% 2,036 +5.2% 49.9% 1,403 -18.7% 43.1% 2,079 -11.0% 50.3%390 +13.3% 17.8% 508 -16.0% 17.0% 540 -18.2% 16.0% 697 -1.8% 17.1% 523 -19.8% 16.0% 606 -20.0% 14.7%711 +15.5% 32.4% 1,163 +19.4% 39.0% 1,160 -12.6% 34.3% 1,350 +5.3% 33.0% 1,332 +12.3% 40.9% 1,449 -6.9% 35.0%
2,196 +13.0% - 2,984 +2.0% - 3,377 -9.8% - 4,083 +4.0% - 3,258 -8.6% - 4,134 -11.1% -
7 8 9 10 11 12
2,520 +2.2% 53.2% 2,127 -6.3% 51.9% 1,689 -6.7% 46.0% 1,657 -4.5% 48.3% 1,939 +4.1% 53.1% 2,568 -8.9% 55.6%686 -10.8% 14.5% 605 -11.2% 14.8% 562 -17.5% 15.3% 540 -10.4% 15.8% 507 -14.9% 13.9% 638 -14.8% 13.8%
1,531 +3.4% 32.3% 1,366 +4.4% 33.3% 1,421 -2.5% 38.7% 1,232 +0.5% 35.9% 1,203 +1.7% 33.0% 1,416 -3.4% 30.6%4,737 +0.4% - 4,098 -3.8% - 3,672 -7.0% - 3,429 -3.8% - 3,649 +0.2% - 4,621 -8.2% -
1-3
4,086 -0.1% 47.7% 5,518 -8.0% 48.1% 6,335 -3.2% 50.7% 6,164 -3.9% 52.7%1,438 -10.7% 16.8% 1,827 -13.8% 15.9% 1,853 -13.1% 14.8% 1,685 -13.5% 14.4%3,034 +4.0% 35.5% 4,130 +2.7% 36.0% 4,319 +1.7% 34.5% 3,851 -0.6% 32.9%8,557 -0.7% - 11,475 -5.5% - 12,507 -3.2% - 11,700 -4.4% -
1Q 2Q 3Q 4Q9,604 -4.8% 47.9% 12,499 -3.6% 51.6% 22,103 -4.1% 50.0% 18.5% 25.0% 28.7% 27.9%3,264 -12.5% 16.3% 3,537 -13.3% 14.6% 6,802 -12.9% 15.4% 21.1% 26.9% 27.2% 24.8%7,164 +3.2% 35.8% 8,170 +0.6% 33.8% 15,334 +1.8% 34.7% 19.8% 26.9% 28.2% 25.1%
20,032 -3.5% - 24,207 -3.8% - 44,239 -3.7% - 19.3% 25.9% 28.3% 26.4%
4-6
5
1-3
2,100 +6.1% 51.4% 2,763 -10.3% 50.1% 3,248 -3.3% 51.3% 3,050 -6.2% 49.5%384 -1.6% 26.7% 448 -12.8% 24.5% 440 -10.0% 23.8% 392 -18.6% 23.3%835 +20.8% 27.5% 1,037 -0.5% 25.1% 1,105 +11.3% 25.6% 961 +0.6% 25.0%
3,318 +8.5% 38.8% 4,249 -8.4% 37.0% 4,793 -1.0% 38.3% 4,404 -6.1% 37.6%
4,863 -3.8% 50.6% 6,298 -4.7% 50.4% 11,161 -4.3% 50.5%832 -8.0% 25.5% 832 -14.2% 23.5% 1,664 -11.2% 24.5%
1,872 +8.0% 26.1% 2,067 +6.1% 25.3% 3,939 +7.0% 25.7%7,567 -1.7% 37.8% 9,197 -3.5% 38.0% 16,764 -2.7% 37.9%
2 3 4 5 6 7 8 9 10 11 12+2.0% 0.0% -6.0% 0.0% -13.0% -12.0% -2.0% -2.0% -9.0% -1.0% -3.0% -4.0%-7.0% -15.0% -15.0% -13.0% -2.0% -12.0% -5.0% -16.0% -15.0% -14.0% -13.0% -12.0%
+2.0% +33.0% -7.0% +4.0% 0.0% -5.0% +27.0% +11.0% -4.0% +18.0% 5.0% +6.0%+1.0% +5.0% -7.0% 0.0% -9.0% -11.0% +3.0% -1.0% -8.0% +1.0% -2.0% -3.0%
1,943 -2.2% 2,713 -8.5% 3,323 -4.0% 3,099 -3.0% 4,656 -6.0% 6,422 -3.5% 11,078 -4.6%340 -13.0% 448 -9.3% 449 -11.7% 411 -12.7% 788 -10.9% 859 -12.1% 1,648 -11.6%745 +7.4% 987 -0.8% 1,147 +11.1% 1,008 +9.0% 1,731 +2.6% 2,155 +10.1% 3,886 +6.6%
3,028 -1.4% 4,148 -6.9% 4,918 -1.6% 4,518 -1.6% 7,176 -4.6% 9,435 -1.6% 16,611 -2.9%
-3
4-6 10-127-9
4-6 7-9 10-12
2 3 4 5 6 7 8 9 10 11 125 6 4 1 0 0 2 2 1 1 1 1 17 9 26
+62.7% +76.4% -21.0% -83.5% -97.5% -97.9% -84.0% -95.0% -93.9% -89.5% -87.8% -88.8% -44.0% -91.3% -80.8%
2 3 4 5 6 7 8 9 10 11 1248 74 91 89 77 92 144 128 116 94 92 121 469 694 1,163
+60.0% +117.6% +97.8% +20.3% +22.2% +39.4% +46.9% +0.0% -26.1% +14.6% +21.1% +1.7% +50.3% +5.5% +19.9%
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.15
1-3
2,122 +1.1% 50.7% 2,840 +2.8% 50.7% 3,107 -4.4% 50.8% 3,081 +1.0% 50.2%313 -18.4% 23.9% 425 -5.2% 25.7% 412 -6.4% 24.7% 416 +6.1% 25.4%725 -13.1% 23.2% 1,078 +3.9% 25.5% 961 -13.0% 22.9% 949 -1.3% 24.0%
3,161 -4.8% 36.7% 4,343 +2.2% 37.8% 4,480 -6.5% 37.4% 4,446 +1.0% 37.9%
4,963 +2.0% 50.7% 6,188 -1.8% 50.5% 11,150 -0.1% 50.6%738 -11.3% 24.9% 828 -0.5% 25.1% 1,566 -5.9% 25.0%
1,803 -3.7% 24.5% 1,910 -7.6% 23.4% 3,714 -5.7% 24.0%7,504 -0.8% 37.3% 8,926 -2.9% 37.7% 16,430 -2.0% 37.5%
2 3 4 5 6 7 8 9 10 11 12+1.0% -3.0% +10.0% -7.0% +16.0% +2.0% -8.0% +3.0% -2.0% +1.0% +1.0% -4.0%-11.0% -9.0% -6.0% -7.0% -16.0% -9.0% -15.0% +4.0% -4.0% +5.0% +2.0% -6.0%
+19.0% -11.0% -4.0% -7.0% +9.0% +3.0% -12.0% +1.0% -12.0% -5.0% -4.0% -11.0%+3.0% -6.0% +4.0% -7.0% +10.0% +1.0% -12.0% +3.0% -5.0% +0.0% +0.0% -6.0%
2,008 +3.3% 2,786 +2.7% 3,240 -2.5% 3,062 -1.2% 4,794 +3.0% 6,302 -1.9% 11,096 +0.2%311 -8.6% 400 -10.6% 423 -5.8% 411 +0.1% 712 -9.8% 834 -3.0% 1,545 -6.2%726 -2.5% 1,004 +1.8% 1,009 -12.0% 935 -7.2% 1,730 -0.1% 1,944 -9.8% 3,675 -5.4%
3,045 +0.6% 4,191 +1.0% 4,672 -5.0% 4,408 -2.4% 7,236 +0.8% 9,080 -3.8% 16,315 -1.8%
7-9 10-12-3 4-6
4-6 7-9 10-12
1 2 3 4 5 6
1,044 -4.7% 49.5% 1,269 -3.3% 44.6% 1,874 +11.8% 51.1% 1,736 -14.7% 47.9% 1,670 +19.0% 47.0% 2,199 +5.8% 51.1%340 -12.7% 16.1% 457 -9.9% 16.1% 514 -4.9% 14.0% 569 -18.4% 15.7% 511 -2.3% 14.4% 572 -5.7% 13.3%724 +1.9% 34.3% 1,116 -4.0% 39.3% 1,282 +10.6% 34.9% 1,318 -2.3% 36.4% 1,376 +3.3% 38.7% 1,531 +5.7% 35.6%
2,109 -4.0% - 2,843 -4.7% - 3,671 +8.7% - 3,624 -11.3% - 3,557 +9.2% - 4,303 +4.1% -
7 8 9 10 11 12
2,266 -10.1% 52.7% 2,203 +3.6% 52.3% 1,643 -2.7% 47.5% 1,783 +7.6% 49.4% 1,860 -4.1% 51.3% 2,496 -2.8% 55.5%584 -15.0% 13.6% 575 -4.9% 13.7% 508 -9.6% 14.7% 527 -2.5% 14.6% 496 -2.1% 13.7% 612 -4.1% 13.6%
1,447 -5.5% 33.7% 1,434 +4.9% 34.0% 1,311 -7.8% 37.9% 1,301 +5.6% 36.0% 1,269 +5.5% 35.0% 1,391 -1.8% 30.9%4,296 -9.3% - 4,213 +2.8% - 3,462 -5.7% - 3,611 +5.3% - 3,625 -0.7% - 4,498 -2.7% -
1-3
4,187 +2.5% 48.6% 5,606 +1.6% 48.8% 6,113 -3.5% 51.1% 6,139 -0.4% 52.3%1,312 -8.8% 15.2% 1,652 -9.5% 14.4% 1,667 -10.0% 13.9% 1,634 -3.0% 13.9%3,123 +2.9% 36.2% 4,226 +2.3% 36.8% 4,192 -2.9% 35.0% 3,961 +2.9% 33.8%8,622 +0.8% - 11,484 +0.1% - 11,971 -4.3% - 11,734 +0.3% -
1Q 2Q 3Q 4Q9,793 +2.0% 48.7% 12,251 -2.0% 51.7% 22,045 -0.3% 50.3% 19.0% 25.4% 27.7% 27.8%2,964 -9.2% 14.7% 3,301 -6.7% 13.9% 6,265 -7.9% 14.3% 20.9% 26.4% 26.6% 26.1%7,349 +2.6% 36.6% 8,153 -0.2% 34.4% 15,502 +1.1% 35.4% 20.1% 27.3% 27.0% 25.6%
20,106 +0.4% - 23,705 -2.1% - 43,811 -1.0% - 19.7% 26.2% 27.3% 26.8%
4-6
5
2 3 4 5 6 7 8 9 10 11 1255 149 93 126 135 146 172 190 148 124 108 141 704 883 1,587
+14.6% +101.4% +2.2% +41.6% +75.3% +58.7% +19.4% +48.4% +27.6% +31.9% +17.4% +16.5% +50.1% +27.2% +36.5%
2 3 4 5 6 7 8 9 10 11 120 70 22 35 40 50 54 63 49 41 33 45 217 286 503
-90.4% +1,042.3% +429.3% +3,223.2% +28,414.9% +38,715.9% +2,449.2% +3,623.7% +3,369.4% +3,098.8% +2,803.6% +2,921.4% +1,193.4% +3,021.0% +1,838.1%
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.16
1.0
2.6
6.1
8.9
7.8
9.1
26.6
16.9
12
KL, ,
, , 5
22
RTDRTD
/
98%
104%
100%106%
99%
(’12/’11
96%
87%
102%
0.9
(’10/’09
96%
99%
1.7
0.2
0.4
+2.4
0.3
+0.2
+0.1
541 556 546 572 542 546 534491 457 437
386 344 312 307 282 277 274 256 239 230 221 220
114 21 33
77 107 124176
203202 185
139 125 122112
95 78 68 63
0 2579 96 100
114139
151 153 155
0
100
200
300
400
500
600
91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12
1,048 1,033 1,024 1,016 977 956 949
640 606 642 657 725 751 754
90 84 82 89 103 103 105249 243 249 258 274 298 329
782 746 721 698 645 637 637
0
500
1,000
1,500
2,000
2,500
3,000
06 07 08 09 10 11 12
126%
RTD 15%28%5%
3%
1% 3%
8%
21%
11% 11%
32%
(’12/’11
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.17
37.535.6
11.814.2
0
10
20
30
40
50
60
70
53 58 63 68 73 78 83 88 93 98 03 08
A B C
( 5 )
(12 1-12 ) (12 1-12 )
(12 1-12 , )
12
96.5% 97.8% 101.3% 98.2%96.5% 101.7% 100.4% 100.2%
96.0% 100.2% 101.5% 99.7%
100.4% 99.1% 99.7%
CVS10.1%
SM26.3%
DS17.1%
DS21.7%
SM40.5%
CVS13.6%
DS14.9%
SM19.6%
CVS8.5%
15.0%
14.7%
66.6%
66.3%
18.4%
19.0%
0% 20% 40% 60% 80% 100%
11
12
22.4%
21.6%
50.7%
51.4%
26.9%
26.9%
0% 20% 40% 60% 80% 100%
11
12
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.18
72101
134
7088
2,736
3,336
2,744 2,9163,109
0
1,000
2,000
3,000
08 09 10 11 120
50
100
150
12
1982 3 3,336111 882,872 ( )
12
PET500ml)
“ ”
500ml 140
190ml)
“ ”
190ml 115
PET600ml)
600ml 140
PET500ml)
500ml 95
PET600ml)
600ml 115
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.19
12 1-12
12 1-12 ,
12 1-12 ,
12 1-12 ,
12 1-12
12 1-12
4,870 4,338 112.3% 18.4%3,908 3,654 107.0%
684 476 143.7% -
4,042 3,858 104.8% 10.3%4,123 3,597 114.6% 8.3%2,009 1,839 109.2% -
2,185 1,996 109.4% 10.4%1,895 1,383 137.0% -1,617 1,339 120.8% 7.6%
862 823 104.8% -250 177 141.4% -
1,345 1,156 116.4% -19,293 17,283 111.6% 10.7%
25.3%19.5%
8.7%
21.4%
28.0%
SM38.1%
CVS13.4%
20.5%
PET52.0%
36.6%
8.8%2.6%
495 465 106.4% 8.5%PET 10,037 9,109 110.2% 9.2%
500ml 4,405 4,027 109.4% -2.0L) 5,632 5,082 110.8% -
7,060 6,306 112.0% 12.5%356 248 143.6% 3.7%
1,345 1,156 116.4% -19,293 17,283 111.6% 10.7%
5,397 5,107 105.7% 9.2%13,896 12,176 114.1% 11.4%
SM 7,351 6,257 117.5% 11.1%CVS 2,585 2,264 114.2% 7.0%
3,960 3,655 108.3% 20.4%19,293 17,283 111.6% 10.7%
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.20
12
1917 10130.61,137
571,004
12
470ml)
90
( ) 470ml 460
500ml)
( )500mlPET 140
(500ml)
40
3
( )500mlPET 140
Welch‘s800ml)
Welch‘s100%
( ) 380
2535
504457
1,2311,137
1,2411,139 1,182
-
300
600
900
1,200
08 3 09 3 10 3 11 3 12 30
20
40
60
1000ml)LTP
( ) 550
80%
1%
5%
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.21
12
12
(’12/’11
103%
102%
100%108%
111%
102%
101%
(’12/’11
103%
101%100%
100%
106%
12
96,500 94,800 100,900 103,150
58,900 56,800 56,500 56,450
5,950 5,950 5,800 5,8009,750 9,850 9,550
109,200
60,900
6,1009,45010,500
0
50,000
100,000
150,000
200,000
08 09 10 11 12
60,800 58,200 59,000 58,050
57,900 60,800 62,400 66,100
35,200 34,500 35,100 36,000 36,900
19,800 19,400
58,600
58,200
18,800 18,600 18,450
0
50,000
100,000
150,000
200,000
08 09 10 11 12
174,000 169,400 173,500 174,400 181,000
1.7%
14.6%
10.6%
23.1%
22.7% 27.5%
PET60.3%
5.4%
3.3%
32.4%
32.4%
SM36.5%
CVS20.4%
10.7%
50,500 48,750 50,300 49,350
39,150 38,450 38,600 39,200
19,250 17,950 19,000 19,300 21,400
22,500 24,600 24,450 26,4003,100 3,150 3,250 3,150 3,15039,000 36,900 37,900 40,050 41,050
49,800
39,650
23,500
0
50,000
100,000
150,000
200,000
08 09 10 11 12
174,000 169,400 173,500 174,900 181,000
174,000 169,400 173,500 174,900 181,000
(’12/’11
103%
105%
103%
106%
101%
8 97
24
213237225
204229
0
100
200
300
08 09 10 11 120
5
10
15
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.22
12
1956 124.9
2042
223
1000ml, 500ml)
1000ml 120 500ml 80
1000ml)1951
1000ml 120
12 (1000ml)
1000ml 120
125ml)
110
1000ml)
1000ml 148
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.23
( ) 100
( ) 150
12
1994 33251323422
46
1 160kcal
( ) 3,00010
( ) 1,05029 30
( ) 2,4802000
10
21 2013
23
388
513441 471 489
0
100
200
300
400
500
600
08 09 10 11 120
10
20
30
12
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.24
22 211717
10
344 364362 366 371
0
100
200
300
400
08 09 10 11 120
5
10
15
20
25
(850 )
( ) 2,300
(80g) (9 )
( ) 165
12
1953 1029.236410499 ( )
( ) 560
07 12
20
( ) 480
(100
( ) 200
12
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.25
5 56
1
7
141
197
160 167 178
0
50
100
150
200
250
08 09 10 11 120
2
4
6
8
10
12
1947 50.7197
7736
(
09 12( ) 110
( ) 250
( ) 220
12
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.26
12
12
228 259339
510 472545
491444553
628
98%113%
131%150%
116% 110%
81%
93%113% 114%
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
- 1 0 0 %
- 5 0 %
0 %
5 0 %
1 0 0 %
1 5 0 %
10%
90%
565
73
16%
13%
16%
8%
7%
%%
90%
29%
30.4%
20%
40%
6.5%
Schweppes Australia 100%
Asahi Beverages Australia 100%
Independent Liquor 100%
Permanis Sdn. Bhd. 100% Charlie’s Group 100%
Mountain H2O 100%
2011 12
2012 9
Asahi Indofood Beverage Makmur 51%
Indofood Asahi Sukses Beverage 49%
%%
90%
29%
30.4%
20%
40%
6.5%
Schweppes Australia 100%
Asahi Beverages Australia 100%
Independent Liquor 100%
Permanis Sdn. Bhd. 100% Charlie’s Group 100%
Mountain H2O 100%
2011 12
2012 9
Asahi Indofood Beverage Makmur 51%
Indofood Asahi Sukses Beverage 49%
(12 12 )
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.27
00 702 2
09 3
08 910
1112
90%
2004 52007 4 10 KL
2010 8
40%
2009 1
29%
12 4 259 102%
1994
2011 370 3 KL
09
66 70 77 80 70
2008 2009 2010 2011 2012
3425 29 35 36
2008 2009 2010 2011 2012
15 12 13 15
1715 16 16
16
17
2008 2009 2010 2011 2012
06 11 6
0760 11
08
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.28
11 17 25 30 31 35 35 37 56100
186
251
302326
371408
454
505538
575
635
715
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11
46%54%
09 4
1903 19932
21
1212 11--99 2121,,795795 11114%4%
12 1-9
60 18
KL
KL
+11.0%360
+12.9%682
11 1 -12 11 1 -12
886 989
1,5891,936
2,1972,142
13,709
16,02318,026
19,898
23,15821,795
02004006008001,0001,2001,4001,6001,8002,0002,2002,4002,6002,8003,0003,2003,4003,6003,8004,0004,2004,4004,6004,8005,0005,2005,4005,6005,8006,0006,2006,4006,6006,8007,0007,2007,4007,6007,8008,0008,2008,4008,6008,8009,0009,2009,4009,6009,80010,00010,20010,40010,60010,80011,00011,20011,40011,60011,80012,00012,20012,40012,60012,80013,00013,20013,40013,60013,80014,00014,20014,40014,60014,80015,00015,20015,40015,60015,80016,00016,20016,40016,60016,80017,00017,20017,40017,60017,80018,00018,20018,40018,60018,80019,00019,20019,40019,60019,80020,00020,20020,40020,60020,80021,00021,20021,40021,60021,80022,00022,20022,40022,60022,80023,00023,20023,40023,60023,80024,000
2007 2008 2009 2010 2011 2012 3Q0
500
1,000
1,500
2,000
2,500
3,000
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.29
1,024 110% 20.9% 266 3,325 6 80 SABMiller
715 112% 14.6% 231 2,888 17.4 218
566 109% 11.6%
551 109% 11.2% 121 1,513 8.2 103
180 107% 3.7% 30 375
128 107% 2.6% 36 450 1 6
108 107% 2.2% 27 338 1.5 19 Carlsberg
4,899 109% - - -
482429
281 262 235165
61
648
050
100150200250300350400450500550600650
11 1 -12
11
11
KLImpact Data2012L
Impact Data2012
121 120 105 99 106 100 78
KL
12.5
91
11 1 -12
11 1 -12
25 28 31 34 38 41 43 45 49
104%
114%110% 110%
112%108%
105% 104%109%
0
10
20
30
40
50
60
2003 2004 2005 2006 2007 2008 2009 2010 201140%
50%
60%
70%
80%
90%
100%
110%
120%
106.791.1
72.4 73.344.336.4
0
50
100
150
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.30
1%
12%
28%
47%
12%
6%
26%
20%
16%
7%
4%
21%
12 1 -12
AC
2004
121
1212 11--99 4,4,327327 US$US$ 110808%%
96 24
203 253 287 326458
208
0200400600800
1,0001,2001,4001,6001,8002,0002,2002,4002,6002,8003,0003,2003,4003,6003,8004,0004,2004,4004,600
2007 2008 2009 2010 2011 2012 3Q0
100
200
300
400
500
600
8%
22%
18%
12%9%
31%
12%
54%
23%
10%1%
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.31
AC
12 1 -
12
AC
KL
12 1 -12
12 1 -12
41 46 51 58 63 67
114% 113% 112% 113%107%109%
02007 2008 2009 2010 2011 2012
40%
50%
60%
70%
80%
90%
100%
110%
120%
8%
21%
19%
9%9%
7%
2%3%
22%
91%
9%
2%
5%
15%
18%24%
31%
5%
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.32
2009 42
2011 3 P&N Bevegrages
Charlie’s 2012H2O
6%
31%
23%9%
8%
4%
4%3%
3% 9%
PepsiSchweppes Solo
Cottee’s Monster
12 1 -12 12 1 -12
12 1 -12
Gatorade
Frantelle
9%
69%
3%6%3%
4%6%
Sunkist Cool Ridge
Extra Juicy Spring Valley
15%
11%5%
11%
58%
Charlie’s
417 435 450 459 471 485
17 22 27 31 34 38
1,5981,632 1,627 1,6141,6421,672
676681686682685699
139 135 12813113313410475 90615143 90 93 96 98 100 103
162156146138128123
2007 2008 2009 2010 2011 2012
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.33
3,200 3,189 3,218 3,254 3,277 3,294
102% 100% 101% 101% 101% 101%
01020304050607080901001101201301401501601701801902002102202302402502602702802903003103203303403503603703803904004104204304404504604704804905005105205305405505605705805906006106206306406506606706806907007107207307407507607707807908008108208308408508608708808909009109209309409509609709809901,0001,0101,0201,0301,0401,0501,0601,0701,0801,0901,1001,1101,1201,1301,1401,1501,1601,1701,1801,1901,2001,2101,2201,2301,2401,2501,2601,2701,2801,2901,3001,3101,3201,3301,3401,3501,3601,3701,3801,3901,4001,4101,4201,4301,4401,4501,4601,4701,4801,4901,5001,5101,5201,5301,5401,5501,5601,5701,5801,5901,6001,6101,6201,6301,6401,6501,6601,6701,6801,6901,7001,7101,7201,7301,7401,7501,7601,7701,7801,7901,8001,8101,8201,8301,8401,8501,8601,8701,8801,8901,9001,9101,9201,9301,9401,9501,9601,9701,9801,9902,0002,0102,0202,0302,0402,0502,0602,0702,0802,0902,1002,1102,1202,1302,1402,1502,1602,1702,1802,1902,2002,2102,2202,2302,2402,2502,2602,2702,2802,2902,3002,3102,3202,3302,3402,3502,3602,3702,3802,3902,4002,4102,4202,4302,4402,4502,4602,4702,4802,4902,5002,5102,5202,5302,5402,5502,5602,5702,5802,5902,6002,6102,6202,6302,6402,6502,6602,6702,6802,6902,7002,7102,7202,7302,7402,7502,7602,7702,7802,7902,8002,8102,8202,8302,8402,8502,8602,8702,8802,8902,9002,9102,9202,9302,9402,9502,9602,9702,9802,9903,0003,0103,0203,0303,0403,0503,0603,0703,0803,0903,1003,1103,1203,1303,1403,1503,1603,1703,1803,1903,2003,2103,2203,2303,2403,2503,2603,2703,2803,2903,3003,3103,3203,3303,3403,3503,3603,3703,3803,3903,4003,4103,4203,4303,4403,4503,4603,4703,4803,4903,5003,5103,5203,5303,5403,5503,5603,5703,5803,5903,6003,6103,6203,6303,6403,6503,6603,6703,6803,6903,7003,7103,7203,7303,7403,7503,7603,7703,7803,7903,8003,8103,8203,8303,8403,8503,8603,8703,8803,8903,9003,9103,9203,9303,9403,9503,9603,9703,9803,9904,0004,0104,0204,0304,0404,0504,0604,0704,0804,0904,1004,1104,1204,1304,1404,1504,1604,1704,1804,1904,2004,2104,2204,2304,2404,2504,2604,2704,2804,2904,3004,3104,3204,3304,3404,3504,3604,3704,3804,3904,4004,4104,4204,4304,4404,4504,4604,4704,4804,4904,5004,5104,5204,5304,5404,5504,5604,5704,5804,5904,6004,6104,6204,6304,6404,6504,6604,6704,6804,6904,7004,7104,7204,7304,7404,7504,7604,7704,7804,7904,8004,8104,8204,8304,8404,8504,8604,8704,8804,8904,9004,9104,9204,9304,9404,9504,9604,9704,9804,9905,000
2007 2008 2009 2010 2011 201240%
50%
60%
70%
80%
90%
100%
110%
120%
3%
48%
21%
15%
4%
3%
5%1%
13%
87%
AC
KL
12 1 -11
KL
12 1 -12
12 1 -12
4%
39%
26%
PB14%
4%
TBB4%
1%
2%6%
99
10398
99
115103112104
16%
14%
30%
24%
12%
4%
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.34
Independent Liquor (NZ)
2%
RTD65%12%
11%
9%1%
6%
RTD50%
26%
11%
7%
12 1 -12 12 1 -12
RTD
2012 1 -11 2012 1 -11AC Aztec
Cruiser WOODSTOCK CODY’S2011 9
Independent Distillers (Aust)10 Independent Distillers (Aust)
DB5%
2%
9%
27%
55%
Independent Distillers (Aust)
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.35
15 11
Impact Data2012 Impact Data2012
Impact Data2012
15 11Impact Data2012
140 143 147 156 176 182158 171 176 177
102%102%103%106% 108%100%101%102%103%102%
0
200
2002 2003 2004 2005 2006 2007 2008 2009 2010 20110%
20%
40%
60%
80%
100%
120%
Snow
BudLig
ht
Tsingta
o
Budweis
erSco
l
Corona
Brahma
Heinek
en
Coors
Light
Yanjin
g
Super
Dry
11/10 11/10
1 Anheuser-Busch InBev 48.0 101% 11 Guinness Brewing Worldwide 2.4 104% 2 SABMiller 22.9 101% 13 Efes Beverages Group 2.3 95% 3 Heineken 17.8 104% 12 San Miguel Corp. 1.7 110% 4 Carlsberg Breweries 11.9 104% 15 Suntory 1.5 106% 5 China Resources Enterprise 10.2 110% 14 Radeberger Gruppe(Oetker) 1.3 99% 6 Tsingtao Brewery 7.1 113% 147.8 103% 7 Molson Coors Brewing Co. 6.3 103%8 Beijing Yanjing Beer Group 5.4 107%9 Kirin Brewery Co. 5.1 98% 33.8 100%10 Asahi Breweries 3.9 102% 181.6 102%
15
15
2008 2009 2010 2011 11/10 2008 2009 2010 2011 11/101 41.3 43.2 45.0 49.0 104% 11 2.8 2.9 2.9 3.0 100%2 24.2 23.7 23.3 22.9 98% 12 2.9 2.7 2.9 2.8 107%3 10.4 10.5 11.6 12.3 111% 13 1.9 2.1 2.4 2.7 111%4 11.1 10.0 9.8 9.5 99% 14 2.3 2.3 2.3 2.3 102%5 9.1 9.0 8.8 8.8 98% 15 2.4 2.3 2.1 2.0 92%6 6.4 6.5 6.3 6.5 98% 132.9 132.6 134.6 138.7 102%7 6.1 6.0 5.8 5.6 97%8 5.1 5.0 4.7 4.5 93%9 3.6 3.2 3.4 3.5 107% 42.9 43.6 42.8 43.0 98%10 3.3 3.3 3.3 3.3 100% 175.8 176.2 177.4 181.6 101%
15
15
Copyright © ASAHI GROUP HOLDINGS. All rights reserved.36
350ml
1 1
215
160140
4424
1611
10101010
87
0 10 20 30 40 50
(5 )
(5.5 )
(5 )
7
(40 )
(25 )
(37 )
(12 )
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