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Financial Results of Fiscal 2022

（Supplementary Material）

April 14, 2022

create restaurants holdings inc. 【TSE Prime, Stock code: 3387】

Copyright © 2022 create restaurants holdings inc. All Rights Reserved.

Contents

Ⅰ ．Financial Highlights

１．Financial Results Overview［IFRS］

２．Outlet Operating Conditions and Same-store Sales vs. FY2020

３．Financial Results Overview（By Category）

４．Financial Condition①②

５．Topics

Ⅱ．Business Forecasts for Fiscal 2022 １．FY2023 Business Forecasts

2．FY2023 Business Forecasts (By Category)

Ⅲ．Shareholder Reward Policy

１．Shareholder Reward

Ⅳ．Medium-term Management Plan

１．Mid-toLong-term Growth Strategy (Overview)

２．Progress of the Medium-term Management Plan

３．Numerical Targets

Ⅴ．Appendix

１．Opening and Closing of Outlets

２．Same-store Sales Transition

３．Financial Position

４．Sustainability Initiatives①②

Copyright © 2022 create restaurants holdings inc. All Rights Reserved.

１

Ⅰ ．Financial Highlights

Copyright © 2022 create restaurants holdings inc. All Rights Reserved.

２

1. Financial Results Overview［IFRS］

Revenue: 78.3 billion yen, Operating profit: 7.6 billion yen, Profit attributable to owners of parent: 5.9 billion yen,

Adjusted EBITDA: 27.1 billion yen

  • Revenue
    • Although revenue was generally in line with the plan until the end of Q3, it fell short of the forecasts as the stricter COVID-19 measures were expanded to more prefectures and its period was extended reflecting the spread of the Omicron variant from Q4.
    • YoY change in same-store sales*1 was 52.7% for the full year (forecast: 60.6%)
  • Operating profits
    • V-shapedrecovery from the deficit in the previous fiscal year
    • Established a lean cost structure generating profits even with low revenue (lowered break-even point) ⇒ Adjustment EBITDA was in line with expectations

[Major factors behind -3.1 billion yen compared to forecast]: ① Recorded subsidy for January and February (generated in FY2022) in FY2023 (-2.2 billion yen); ② conservatively added impairment losses at the end of the period (-2.7 billion yen)

FY2021

FY2022

FY2022

FY2022

FY2022

FY2022

(Previous fiscal year)

Q1 (Mar-May)

Q2 (Jun-Aug)

Q3 (Sep-Nov)

Q4 (Dec-Feb)

(Total)

(Million yen)

Results

Results

Results

Results

Results

Results

Revenue

74,425

17,740

16,753

21,227

22,603

78,324

Operating profit

△ 14,181

1,520

5,794

4,405

△ 4,086

7,633

Profit before taxes

△ 15,021

1,461

5,709

4,295

△ 4,331

7,134

Profit for the period

△ 15,571

1,068

4,199

3,118

△ 1,725

6,660

Profit attributable to

△ 13,874

1,067

3,755

2,625

△ 1,530

5,919

owners of parent

Adjusted EBITDA *2

5,130

5,562

9,558

9,098

2,869

27,088

FY2022

(Disclosed on Oct. 14,

Vs. forecasts

2021)

Forecasts

91,200

△ 12,875

10,800

△ 3,166

10,200

△ 3,065

7,400

△ 739

6,500

△ 580

27,100

△ 11

*1 ： Same-store sales are calculated based on the figures for FY2020 before COVID-19, including temporarily closed outlet.

*2：Adjusted EBITDA= Operating profit + Other operating expenses - Other operating revenues (excluding sponsorship income, employment adjustment subsidies, subsidy for shorten operation hours, rent reductions and exemptions, etc.) + Depreciation and amortization + non-recurring expense items (advisory expenses related to share acquisition, etc.)

Copyright © 2022 create restaurants holdings inc. All Rights Reserved.

３

２. Outlet Operations and Same-store Sales vs. FY2020

・For the entire year, there were only about 3 months for which there were no requests from local governments for shorter operating hours, etc.

・Normal business operations are not possible due to shortened operating hours, temporary closures, refraining from serving alcoholic beverages, etc.

・Customers' consumption behavior, which has changed due to the self-restraint lifestyle, did not return immediately.

The stricter COVID-19 measures were completely lifted on March 21. Approximately 98% of the Group's operations resumed at the end of March, and the same-store sales vs. FY2020 has recently recovered to 74.5%.

2nd State of Emergency

3rd State of Emergency

4th State of Emergency

(Jan. 8-Mar. 21)

(Apr. 25-Jun. 20)

(Jul. 12-Sep. 30)

Stricter COVID-19 Measure

Stricter COVID-19 Measure

Period to prevent

Stricter COVID-19 Measure

re-spreading

(Apr. 12- Apr. 24)

(Jun. 21- Jul. 11)

(Oct. 1-24)

(Jan. 21- Mar. 21)

74.1%

74.9%

As of Apr. 10:

Recovered to 74.5%

65.5%

*Preliminary figure for

march

Same-store sales vs. FY2020※２

58.1%

57.1%

51.9%

51.0%

47.6%

47.1％

42.2%

38.3%

40.5%

35.5%

(Unit: outlets)

1,200

32

73

18

26

73

21

1,000

196

229

217

227

194

315

278

800

637

607

563

589

575

724

600

542

468

549

649

671

636

667

400

404

432

470

435

200

397

292

241

270

328

182

171

190

176

0

Mar. 2021 Apr. 2021 May 2021

Jun. 2021

Jul. 2021 Aug. 2021 Sep. 2021 Oct. 2021 Nov. 2021 Dec. 2021 Jan. 2022 Feb. 2022 Mar. 2022

Outlets operating with regular hours (consolidated)

Outlets operating with shorter hours (consolidated)

Temporarily closed outlets (consolidated)

*1:Periods of various requests, etc. listed are based on the Tokyo Metropolitan Government announcement.

*2: Definitions of "same-store sales vs. FY2020" are calculated by comparing outlets opened before the previous fiscal year (FY2020) prior to the COVID-19 crisis and by including outlets that were closed during the period.

Copyright © 2022 create restaurants holdings inc. All Rights Reserved.

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create restaurants Holdings Inc. published this content on 03 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2022 03:21:01 UTC.