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I N V E S T O R S ' G U I INVESTORS’GUIDE Consolidated Results for the First Half of the Fiscal Year Ending March 31, 2012 (FY 2012) October 27, 2011 Ticker Code 2897 URL http://www.nissinfoods-holdings.co.jp/ Contents Slide NO. Page 3. Business Environments in First Half of FY2012 2 4. Overview of Consolidated Results for First Half of FY2012 2 5. Business Performance by Quarter 3 6. Performance by Reportable Segment 3 7. Breakdown of Operating Income (Consolidated) 4 8. Ordinary Income, Net Income (Consolidated) 4 10. Japan Business – NISSIN FOOD PRODUCTS CO., LTD. 5 New Generations of Instant Noodles 11. 6 Made Possible by Technical Innovation 12. Features of Hybrid Noodles 6 13. Cup Noodle 40th Anniversary Campaign 7 14. Cup Noodle Gohan Seafood Launched Nationwide！ 7 Average Price of Mainstay Products at Mass Merchandise Stores 15. 8 (Jan. 2008 to Aug. 2011) 16. Instant Noodle Business Japan – MYOJO FOODS CO., LTD. 8 18. – NISSIN CHILLED FOODS, NISSIN FROZEN FOODS 9 19. Cereal, Beverage Business – NISSIN CISCO, NISSIN YORK 10 21. Overseas Segment Information 11 22. The Americas Segment (Jan. to June 2011) 11 23. China Segment (Jan. to June 2011) 12 25. Forecasts for the Fiscal Year Ending March 2012 (Consolidated) 13 28. Overview of CUPNOODLES MUSEUM 14 A．Supplementary Data A-1. Results for the First Half of FY2012 16 A-2. Results and Forecasts by Segments and Regions 17 A-3. Forecasts for Consolidated Results for FY2012 18 A-4. Exchange Rates for First Half of FY2012 18 A-5. Equity in Earnings of Affiliates 18 A-6. Effect of Retirement Benefit Expenses since FY2008 18 A-7. Management Indicators for the First Half of Fiscal Year 19 A-8. Changes in Balance Sheet Items 20 B．The Data about Instant Noodle Industry B-1. Instant Noodle Production in Japan (Annual Production) ( 2001-2010 ) 22 B-2. Instant Noodle Production in Japan ( Monthly Production ) （Apr.-Sep.） 23 B-3. Instant Noodle Markets in the World ( 2008-2010 ) 24 2011/10/27 Consolidated Results for the First Half of the Fiscal Year Ending March 31, 2012 (FY 2012) October 27, 2011 NISSIN FOODS HOLDINGS CO., LTD. Code Number 2897 1 Let’s move the world of food. Notes for This Document These presentation materials have been posted in PDF format in the Financial Statements section of the corporate website. http://www.nissinfoods-holdings.co.jp/english/inv/fin.html The amounts in this document have been rounded to the nearest 100 million yen; totals may not agree with the sums of their components. FY2012 is the year from April 1, 2011 to March 31, 2012. The “first half” is the period from April 1 to September 30, 2011. The "second half" is the period from October 1, 2011 to March 31, 2012. The same ±notation as used in the Summary of Consolidated Financial Statements has been applied to percentage change in sales and income. The average foreign exchange rates for the period have been applied to translating revenues and expenses at affiliates overseas. Slide numbers appear at the bottom right of each slide. 2 Let’s move the world of food. COPYRIGHT©2011. NISSIN FOODS HOLDINGS. ALL RIGHTS RESERVED. 1 2011/10/27 Business Environments in First Half of FY2012 Business Environment The appreciation of the yen and the decline in stock prices led to continued deflation. However, due to energy saving and earthquake reconstruction, private consumption has stopped falling and has stabilized. The market price of wheat rose overseas, and prices of palm oil, crude oil, and other materials increased. Total instant noodle production in Japan rose 9% year on year in the first half (as of October 24). Effects of Great East Japan Earthquake: In April and May, campaigns were reduced due to instability in supply of materials. Our Situation First-half net income reached record high. Effects of retirement benefit expenses: Retirement benefit expenses pushed down operating income. Transfer of benefit obligation relating to employees’ pension fund was recorded as extraordinary gain. Sales of core national brand products increased year on year thanks to the value- based strategy. Sales of products based on technical innovation show expansion: Sixth generation products were going to be launched. North America region recorded operating loss due to rising prices of raw materials. 3 Let’s move the world of food. Overview of Consolidated Results for First Half of FY2012 Change FY2011 FY2012 Amount % Net Sales 175.8 180.0 +4.2 +2.4% Operating Income 14.4 12.0 -2.3 -16.3% (Effect of retirement benefit expenses excluded) 12.4 12.0 -0.3 Ordinary Income 15.3 13.2 -2.1 -13.4% Net Income 9.5 10.6 +1.1 +11.5% Jan. thru Jan. thru Exchange Rate (¥ Billion) Jun., 2010 Jun., 2011 ¥/USD 91.36 82.04 -10.2% ¥/HKD 11.75 10.54 -10.3% ¥/CNY 13.39 12.54 -6.3% * Rates are average rates for the period. 4 Let’s move the world of food. COPYRIGHT©2011. NISSIN FOODS HOLDINGS. ALL RIGHTS RESERVED. 2 2011/10/27 Business Performance by Quarter FY2011 FY2012 Year on year Net Operating Net Operating Sales Income Income Sales Income Sales Income Ratio Ratio Ratio % % % (Announce (Announce expenses* expenses* expenses expenses expenses excluded excluded excluded Pension Pension Pension Pension Pension d) d) 1Q 89.1 9.8 1.0 8.8 91.1 9.8 0.4 9.4 2.2 0.2 7.1 2Q 86.7 4.6 1.0 3.6 88.9 2.2 -0.4 2.6 2.6 -51.8 -28.3 3Q 104.2 12.2 1.0 11.2 4Q 94.9 7.9 1.0 6.9 1H 175.8 14.4 2.0 12.4 180.0 12.0 0.0 12.0 2.4 -16.3 -3.1 2H 199.1 20.1 2.0 18.1 Total 374.9 34.5 4.0 30.5 395.0 26.0 -0.6 26.6 5.4 -24.7 -12.8 1Q: First quarter. The figures in italic type are results of calculation. (¥ Billion) * Pension expenses show the impact of retirement benefit expenses. 5 Let’s move the world of food. Performance by Reportable Segment Nissin Food Myojo Chilled and The Adjust- China Other* Total Products Foods frozen foods Americas ments** 1Q 91.1 44.8 10.5 13.2 6.3 4.9 11.3 - Net Sales 2Q 88.9 44.7 9.7 13.7 5.9 4.4 10.5 - 1H 180.0 89.5 20.2 27.0 12.2 9.3 21.8 - 3Q 4Q Full year 1Q 9.8 6.3 1.3 0.6 0.1 0.3 1.0 0.2 Income or Loss 2Q 2.2 2.0 0.2 0.3 -0.3 0.1 0.4 -0.5 1H 12.0 8.4 1.5 0.9 -0.2 0.4 1.4 -0.3 3Q 4Q Full year * The “Other” segment includes the confectionery, beverage, and restaurant businesses and business (¥ Billion) in Europe and in Asia. Please refer to p. 17. ** Adjustments include retirement benefit expenses, amortization of goodwill, and inter-segment sales. The figures in italic type are results of calculation. 6 Let’s move the world of food. COPYRIGHT©2011. NISSIN FOODS HOLDINGS. ALL RIGHTS RESERVED. 3 2011/10/27 Breakdown of Operating Income (Consolidated) Operating Income ¥12 billion Negative Factors (¥2.3 billion year-on-year decrease) Positive Factors A: Increase due to lower 1.6 advertising expenses [Calculation Method] B: Increase due to sales increase 1.1 Variable costs (B, C, E, H) C: Increase due to lower promotion = (Current FY sales X expense ratio 0.9 previous FY sales ratio) D: Increase due to lower SG&A - current FY costs expenses 0.1 (2) Fixed costs (A, D, F, G) E: Decrease due to higher = (Previous FY costs -2.1 cost to sales ratio - current FY costs) F: Decrease due to greater impact -2.0 of retirement benefit expenses G: Decrease due to higher -1.6 depreciation and amortization H: Decrease due to higher -0.4 distribution cost ratio -2.3 Decrease in operating income (¥ Billion) -3.0 -2.0 -1.0 0.0 1.0 2.0 3.0 7 Let’s move the world of food. Ordinary Income, Net Income (Consolidated) Operating Income 12.0 Interest income: 0.4; Dividends income: 0.9; Equity in Non-Operating Income earnings of associates: 0.2; Other: 0.3 1.8 Non-Operating Expenses Foreign exchange losses: 0.3; Other: 0.3 0.6 Ordinary Income 13.2 Transfer of benefit obligation relating to Extraordinary Gains employees’ pension fund: 5.4; Other: 0.2 5.6 Extraordinary Losses Loss on disposal of fixed assets: 0.1 0.1 Income Taxes 8.1 Net Income 10.6 0.0 5.0 10.0 15.0 20.0 (¥ Billion) 8 Let’s move the world of food. COPYRIGHT©2011. NISSIN FOODS HOLDINGS. ALL RIGHTS RESERVED. 4 2011/10/27 Business Conditions in Japan (Core Business: Instant Noodles) NISSIN FOOD PRODUCTS CO., LTD. MYOJO FOODS CO., LTD. 9 Let’s move the world of food. Japan Business – NISSIN FOOD PRODUCTS CO., LTD. NISSIN FOOD PRODUCTS CO., LTD. shows expansion in sales of products based on technical innovation: Nissin-no-Donbei Kitsune Udon Up 18% year on year (Oct. 2010 – Sep. 2011) New Nissin Ra-O and new Nissin SPA-O contributed to sales. Cup Noodle Gohan (launched nationwide on July 25, 2011) NISSIN’s exclusive sixth generation technology for producing hybrid noodles* Nissin HYBRID Futomen DouDou featuring the hybrid noodles with seafood, pork bone and soy sauce broth (launched on October 3, 2011) * Industry’s first technology for producing completely new hybrid noodles combining the features of fried noodles and non-fried noodles.
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