Create restaurants : Financial Results of Fiscal 2023 Q1 (Supplementary Material）

	Financial Results of Fiscal 2023 Q1
Unlimited excitement!	(Supplementary Material）

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July 14, 2022

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

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Contents

Ⅰ ．Financial Highlights

１．Financial Results Overview［IFRS］

２．Outlet Operating Conditions and Same-store Sales vs. FY2020(before Corona Disaster)

３．Financial Results Overview（By Category）

４．Topics①②

Ⅱ．Business Forecasts for Fiscal 2023

１．FY2023 Business Forecasts

Ⅲ．Appendix

１．Opening and Closing of Outlets

２．Same-store Sales Transition vs. FY2020(before Corona Disaster)

３．Financial Position

４．Sustainability Initiatives①②

５．FY2023 Business Forecasts（By Category）

６．Shareholder Reward

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１

Ⅰ ．Financial Highlights

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２

1. Financial Results Overview［IFRS］

Revenue: 26.2 billion yen, Operating profit: 5.2 billion yen, Profit attributable to owners of parent: 3.4 billion yen,

Adjusted EBITDA: 9.3 billion yen

• Revenue

• Progressing almost on target (+100 million yen vs. target, 22.8% to the full-year forecast)

・The stricter COVID-19 measures, which had been in effect from January 2022, were lifted on March 21, 2022

• The same-store sales*1 in FY2/20 (before COVID-19) was 68.7% (for the three months period), generally in line with the target.
• Operating profits

• Cost of sales and personnel expenses were within the expected range due to the maintained and continued lean cost structure.
• Operating profits exceeded the target by 1.1 billion yen due to higher-than-expected contributions from the subsidy for cooperation of shorten operating hours, employment adjustment subsidy, and others.

Actual Same-store Sales vs. FY2020(before Corona Disaster) *1

	March	April	May	Q1 total
Target	55.6%	73.6%	78.5%	68.9%
Result	57.0%	71.5%	78.4%	68.7%

	FY2022 Q1	FY2023 Q1
(Million yen)	Result	Ratio to	Result	Ratio to
revenue	revenue
Revenue	17,740		26,243
Operating profit	1,520	8.6%	5,166	19.7%
Profit before taxes	1,461	8.2%	5,130	19.5%
Profit for the period	1,068	6.0%	3,873	14.8%
Profit attributable to	1,067	6.0%	3,422	13.0%
owners of parent
Adjusted EBITDA *2	5,562	31.4%	9,294	35.4%

FY2023 Q1	Vs. target
		Difference
Target *3	Ratio to
revenue
26,122		+121
4,086	15.6%	+1,080
3,943	15.1%	+1,186
2,794	10.7%	+1,078
2,493	9.5%	+928
8,339	31.9%	+954

FY2023		Rate of
		progress
Full-year forecasts	Ratio to
revenue
115,000		22.8%
7,300	6.3%	70.8%
6,800	5.9%	75.5%
5,100	4.4%	75.9%
4,500	3.9%	76.1%
24,700	21.5%	37.6%

*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.)
*3	： Figures for FY2023 1Q(Target) are internal targets.
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2. Outlet Operating Conditions and Same-store Sales vs. FY2020(before Corona Disaster)

• Many of the closed outlets reopened after the stricter COVID-19 measures were lifted on March 21. （Percentage of total number of outlets operating :
  during the period of the stricter COVID-19 measures: 81％→ after the measure is lifted: 98％）

・The same-store sales vs. FY2020 (before COVID-19) has recovered steadily to the upper 70% range.

Stricter COVID-19 Measure （until March 21）

						* June （Preliminary）
					78.4%	78.1%	* As of July 10
					76.6%
				71.5%
Same-store sales vs. FY2020(before COVID-19) *2
			57.0%
		47.1%
〔Unit: outlets〕
	1,200
Outlets operating			21	10	8	10
with regular hours	1,000	194
(consolidated)
	800		575	472	483	484
Outlets operating
600
with shorter hours	667
(consolidated)
	400
Temporarily closed	200		435	556	542	539
outlets		176
(consolidated)	0
		Feb. 2022	Mar. 2022	Apr. 2022	May 2022	Jun. 2022

Total number of outlets at	1,037	1,031	1,038	1,033	1,033
end of month

* Definition of actual same-store sales vs. FY2020 (before Corona Disaster)

Calculated based on figures for outlets opened two years ago or earlier (before Corona Disaster), and include outlets that were closed during the period.

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