ValueAct Capital Activist Presentation Deck
Step 4. Operational Review of 7-Eleven Outside of Japan
Huge untapped earnings potential to expand 7-Eleven into new countries around the world, currently
contributing less than $150m to earnings
White Space Outside Japan/US
Promote New Market Entry
Operational
Formats
(# of Markets)
Consolidated
subsidiaries
4
Area licensees
12
989
Worldwide 7-Eleven
Global Brand Comparisons
# of Stores
# of Markets
7-Eleven
McDonald's
SUBWAY
Starbucks
Coffee
approx.
72,000
approx. 38,000
approx. 35,000
approx. 32,000
16
Copyright (C) 2021 Seven & i Holdings Co., Ltd. All Rights Reserved.
approx. 100
104
83
Having the largest store network in the world but only in 16 countries and regions
Enormous attractive markets and growth opportunities left for global expansion
SEVEN&HOLDINGS
GO
(As of December 2020)
22
Sources: Public company documents, VAC analysis
Memo: FY26 potential based on estimate of current earnings (FY21 level) plus 1,100 directly franchised new units per year x SEJ-level per-unit economics
International
Expansion
MTMP
Target?
N/A
FY26 Profit
Potential?
>$700m
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