Medium-Term Management Plan

(2023 to 2026)

Sapporo Holdings Limited

Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.

1

Medium-Term Management Plan (2023 to 2026)Contents

1.

Medium-Term Management Plan (2023 to 2026)Development Background and Outline

P.3

2. Review of Group Management Plan 2024

P.5

3.

Medium-Term Management Plan (2023 to 2026)

P.9

・Business Strategies

P.14

・Sustainability

P.26

・Financial Strategies

P.29

・ Management Platform, etc.

P.32

Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.

2

Medium-Term Management Plan (2023 to 2026)Development Background

Since its foundation in 1876, we have constantly innovated and delivered products

and services that have enriched customers' lives. In 2026, we will mark our 150th

anniversary.

In order to keep demonstrating its exclusive value to society beyond 150 years, we

have developed a new management plan for the four (4) year period from 2023 to 2026.

They key points of this plan are a revision of our business portfolio, realizing group management aligned with the positioning of each of our businesses, and increasing our corporate value through higher capital efficiency. We look to reliably meet the

expectations of stakeholders during these four years.

Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.

3

Essentials of Mid-Term Plan 2023-26

<Basic Policy> Beyond150 ~Transforming the business structure for new growth~

Structural Reforms

Strengthen and Grow

Decisive action based on portfolio

Realize growth in overseas and core

management

businesses

・Accelerate North American Alcoholic Beverage and

・Businesses positioned as "Restructuring" and

Overseas Soft Drinks

・Focus on domestic beer and cultivate RTD brands

"Divestment" are drastically managed by 2024

・Diversification of the profit structure of the Real estate

business

Financial Targets

Non-Financial Targets

・ROE:

8%

・ CO2 reduction

・EBITDA :

approximately 10%

Scope 1, 2 SBT *1 certification level

(4.2% per year reduction)

Compound Annual Growth Rate (CAGR)

Scope 3 SBT certification level

(2.5% per year reduction)

※Submitted and accepted commitment letter to SBTi

・Overseas Sales: approximately

10%

・ Ratio of female directors and female managers:

Compound Annual Growth Rate (CAGR)

12% or more*2

※1 SBT(ScienceBased Targets)

The greenhouse gas emission reduction target set by a company consistent with the level required by the Paris Agreement.

※2 22-year results: 8.3% for female executives and 5.4% for female managers

Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.

Review of Group Management Plan 2024

Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.

5

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Sapporo Holdings Limited published this content on 01 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2022 08:31:02 UTC.