Slide 1: ESPEC CORP. 2Q FY2016 Results Briefing
ESMEC AEF I—-K6859 TANI 7RASUA 20167R(20173A i) oe 2 OF RAR a PAS 20164115178 www.espec.co.jp ESPEC CORP.
Slide 2: Contents
Fix Suite 20162 20484 RAZ 20165 ER 20+HRA COXVb GID 201 6 Re este Senet ESPEC CORP. 1
Slide 3: Company overview
Sime AMIS TMHROOR WARE OR ILI x—H— Sue IAZN79 RSH aa), AREER AMI IE KW 3-5-6 tz BH HR (ULE #&de) Als AA 19475F( bR#N225F )7 A258 RIL AA 19545F( R#N295F 15138 RAE 689585 FT ARNBRM 23,781,394 — HES AL 1,427 (ie) BRAB Rae. LF D-FNARE. +HRRERE. MMLRORE- Ws. P7Z—-V—-EA, RTRMREC (20164F9A 30 BRE)
Slide 4: Group companies
FO—-NRYEI—-F mean 134 (HOH. BIA4 tH) ¢ ~ +. Q&ESPEC EUROPE GmbH AESPEC IKLIM KABINLERI SATIS VE MUHENDISLIK S LIMITED SIRKETI C Be aS] TO OLARYIFARVAT LH @LANKyYDAINA @LAKyFE97 1h) AWE9777—LAA BArykI-F BAMA 260 43734 Bantee 46# FIT, ow a > pare WR re ee OS Pee rer ye < Nw © BE Fir Gk Fe Hee Hee (bs)
Slide 5: Business segments and products
PRE ( SSO ks / Ae ) Fe RES LtP-FINMARE Ed a ad * +RCHERE PIS—-Y—-EAX LYYIPYYF Site LYBIb ag ® ft ER san: ommE TREES see ett “imines DE -FPDeia SRE 7 REESE Gt RE N-YTVRE LRM HATA ‘F74—-Y ERA -MRAWLS -RECbIRE EBL Ue—b “BE WURLYIIPYYD =<, AKDS<, MIE “BT iBin, STR ‘ADE +k Ekin, Ras LCD, A#@EL REKB HE IR
Slide 6: Topics
TOPICS MAF Oil RBH) (20163AMA) BERa HSB) seLRl+—HAM BMUTREA RHP ARHSRAE AV—-hYAF LARA SRL TH) Beh ht 4—(Ambmee) fA Sian : WARG: AHP ERasS OENBTRAOBRERS * Qo EBS RR ELT Y—-F7 NA ARB) Faixz: ABKEBHIO A: ABN —lA Fs 1yat—Ote- REG ORS - MBtRuRTCECHSHOMEHG 100kWEORERE PBA 21by chats QBS itaya—bléABSlc, BA
Slide 7: Topics
TOPICS MAOGl( Rie) (20162AMA) BAAAS A2AR-VHER =HRETPV/NA( 20165545 MR) WAR: (ERRhL——Y 7B ERR FAs: (EER S IKKE TOL —=Y ACA Ss HR BE + HETIL PAY—-hOR KR. MRASKL——YIHEORR ERM ——L IS EMRT—VS ESPEC CORP. 6
Slide 8: Topics
TOPICS MA F#ill( TO fh FSR ) (201633 AMA ) BERAFR RAR S— WAR in: REM ARESRA ie 2 (Hai, (BiB, MSE. AEC RIO ARH) FAs: BERR HE COPPA REST SEARO Mh EY He 1K A FRO PASE SERGE eh MORRIE ete sth ASO LEH SER ESPEC CORP. 7
Slide 9: Topics
TOPICS #2<UGiA' ROMA IZLA LANIFZIIORIS AGA HES MATH CCl PICHROMMHA MHS eR AX KY SVC RIC SURRENDERS BES SRA Hh OIE, SEM AMT TH CORSA ASHMASHMEITL’. SACL RAOREEDLELL. DRAKA Mie ib es SE te MIRO ENB ORF KEMAH -LLRHAOR (Wea hESOSie ) ESPEC CORP. 8
Slide 10: FY2016 first-half results
20167 RS 20+ RARE ESPEC CORP. 9
Slide 11: Highlights
201 6SFE EHO!) Bw!) 5 aD Te Meow - PENT TONE ESPEC KH SHES moet (2015 7A EMIZNYPABS FSH) RURAL MOWICICA SE AE . . EBB LIA—OBH AME ACK QUALMARK4t @# HF S4tie BRA RBHORSECAT SHSM (20159128 ) (ECE R100-2. Partll )O i FABHSs : 20165575 WIF)-RERityS—eFR Sl ARERR MMe (20155F9F ) loT, AIRE Fe tings A FE “R
Slide 12: Results summary
iAP Re RAIS BSE RALE CISHE iat. HADETBOAS< PHOLED, CHA HAS BCH PRO TAEECER Ritmls, RBFRCTO BRA MF MMe PAY), EMH Tt DLEA, RERRO—MON MBS TRERMOMALA SY, FF TLlals,. RES CHMMRELLABPPDREOHt LHW, 114 fe FSS OEMS. SRAMOMD IMA, ABERONRBLCCEY, Hs Amores. eRe Cole AS. 2 BRR A1. 3 TRAUB. st mieéds!) 12 : i FRT
Slide 13: Consolidated results
iat O)4Ki (BAF) 20,764 19,000 19,914] A4. 1% 4. 8% —$——— 16,136 18,000 17, 250 6.9% | A4.2% 10,392 11,650 11,360 ; (64.4%) (64.7%) (65.9%) 93% A2.9% 5, 743 6,350 5, 889 2.5% A7.3% 4, 609 4,950 4,880 5.9% A1.4% 1,133 1,400 1,009 |A11.0% | A27.9% 1,274 1, 450 833 |A34. 6% | A42. 6% 802 1, 000 512 |A36
Slide 14: Results detail
BIAY bE ORO AR: 17, 156 12, 909 887 2, 944 2,615 215 808 733 32 A145 A122 A2 20, 764 16, 136 1, 133 15, 600 14, 900 1, 150 2, 800 2, 800 300 700 400 A50 A100 A100 19, 000 18, 000 1, 400 16, 508 14, 188 901 2, 908 2, 666 152 621 502 A45 A124 A108 1 19, 914 17, 250 1, 009 A3. 8% 9.9% 1.5% A1. 2% 1.9%
Slide 15: Operating income change
SRR eOM REA (BAB) Plamen [| d-eABR Mt nas | TORR Dw DY W>IRe bE EEC Bs) MORRIS Och 1,133 C a ~\- ! a “1,009 393 | A251 3 A270 RLOWRIES RMMRORHIC | ERO | FLBAROBR j KSnLBAR Oia Co 0 TTT 2.95 SF BE 2QR5t 2QRit ESPEC CORP.
Slide 16: Operating income factors
AE -AROwRERaM (SAA) 00 7 573 4144 66 "As2 A 655 Bad "87989 201 A105 163 * £8 ta # Rh £ gg ot t @# ho Hf Be oS FE F Beige # ee * © @ ow ¢ ka R ff 4045 25 @ ® ff @ & & 4808 & B a zee & a = 43,953 43,953 A4,092 A4,092 201 5B 201688 2015E% 2016#E 20% 20% ESPEC CORP. 45
Slide 17: Cash flow
. 4 Frvvs70—O%K | weEANN +? TA | - | — SHS Raa Ht SARKOW ihe 495 oa CR- HRA MBS ESOP! 2461043 HERR ARF L261 BS r< o MMOWt HMRC RES — RORMHCRR HHS RSD RELA a #048 SP He ad fee BS a a o 1w) 2) wi a n WwW
Slide 18: Q2 results by segment
2016 RS Q2OD+FRIRG tOXVbAlD EH ESPEC CORP.
Slide 19: Segment overview
Rie PRCUTXYL int Ras Bitimld. BUSES RAMS Célcmey AURIS. REPO? RNZPDOTSRURORBAAS STIL Cd, UK: HH BROTSAAMM Ras Bcbisld, RSERPAL CISIBMLEAD, ASEHUS WIAA TURE Bs FS HOSE RRALE TIS. ARSE OARPPDRESAR. DASLRMERAA Cee BTL Tht, PASLRMPSHBICSRIST, BATSAOREZEKASCRA LIY-FINTARB Bitwls. BRR Matec elcieM RAS hAM
Slide 20: Environmental test equipment results
Rie PREPAY (BARA) Pe Jaa sr | 2QR5t 20 5tH nec raat atte 17, 156 15, 60016, 508 A3. 8% 5. 8% —_— 12, 909 14, 900 14, 188 9.9% A4. 8% BRAlat 887 [ARES (%) ] [6. 9%] 1,150 [7. 7%] 1.5% A21. 7% ESPEC CORP.
Slide 21: Energy / Device segment results
Y-EARRUIAVh (SAR) 2, 944 2, 800 2,908 A1.2% 3. 9% 2, 615 2, 800 2, 666 1.9% A4.8% 215 300 152 ; ; [8.2%] [10.7%] [5.7%] 429:3% 49. 3% Vie TLAC&l, MEM AMA, MM BIOML TEXSEEREL itmls. WMA, AMS wess!) Fells, HSER AEA, MAS RIAA TUM BICISE ST LYS WANE, FAIL VIF 17 VS Be PICEA EAS ols FAS ESPEC CORP.
Slide 22: Other segment results
EO HhFRLI XL (BAF) 2015 | 201658 | 2016fE BOSE ig) 20%Et 20nate 20m5t PALE StL 808 700 at A23.2% A11.3% et 733 400 802, A31. 5% 25. 5% Sez 32 A50 7 [ FRESE (%) J [4.4%] [A12. 5%] 7 WLIYVIP VY - BML MBM LRSLORI<UAEAL, Rie The SRAROT. Tics THEMMe FHS Btls SRAM RISMMtwe LaS ESPEC CORP.
Slide 23: Overseas sales ratio
TBE ts Ae be ato the Bf (RBS) 0 Ame hie 759M RT 427 Vd TS 100% 80% | OSTim : STR hs oF 60% + : : 40% + 20% | 11 10 10 201257 = 2013SFRE = 014SFRE = Q01SSERE = 2016ERE 205e5t 20585t 20585t 2055t 20585t 0% ESPEC CORP.
Slide 24: Sales breakdown
sthistall5c_t ta Ax bb MATL BU: 44, 2% 2.9% 15.8% 4.9% 2015 2Q 55.8% 14.7% 1.0% 4:9" st 16, 13684 (FEL : 7, 12587) 2016 20%5t bebe: 42, 5% aes gE] oe mR BRET O?T EtO th BA 14.3% 4.0% 2016 2Q 57.5% 15.9% ~4.8% 0.8% st 17, 250854 Cats Li: 7, 3398) ESPEC CORP.
Slide 25: 2016 forecast
2016 Rite ESPEC CORP.
Slide 26: Order and exchange rate assumptions
201 OSE RARESBL—h Be ael—h Ce tsaseat | mse S10 | em | me TSS"), 120.31 121.11 115.33 | 111.74 105 B2016FEABSOR OK) 1 AA soli 1268AARY BRA 2,56050mY ESPEC CORP.
Slide 27: Forecast highlights
Ab iinls. BEC - BR AHRROMEM EATSEUBAACERAS RISIR Hale aR ae AVAABS. RUEKACHKOMBAEA CSUR AACE RIS HAs, FaORBI SORA MICS IHS, PRISER, RAP YP Sz LtY-FINARE RA Bibs, RA Bik ROR EAEA TS) BA +ECR ERE +HCS RRR MITe PCE PIS-LYA SMF i & Rit MRIS AS He PC KDI<VISRAEA. HDI -RIO<VIS ESPEC CORP.
Slide 28: Full-year forecast
2016 Mite 2015#E 2016 {SIEHH mwatH BWR Rite 39, 903 Lm 39, 035 we bee Alas 13, 573 EES (34. 826) SR Alat 3, 521 [FRESE (%) ] (9. 0%) eR Ales 3,570 [AEE (%) ] (9.1%) WAHRECM TSM MASE 2. aie [AUS (%) ] ; isi AeA 1,162 whhwAs 757 RARER 956 1 RY Te BR (a) 104. 75 ESPEC CORP. oT
Slide 29: Segment forecast
Rie PRCUIXV (87F) 2016E amen | em (SEH ay 32,060 A2.7% 33,000 16,508 15, 552 14,188 16,722 30,910 A3.5% 32,000 BRA 901 1,599 2, 500 A16. 3% 3, 000 [aE (%) | [6. 4%] [9. 6%] [8. 1%] “Ve 19. 4%] ESPEC CORP.
Slide 30: Segment forecast
Y-EARRUIXVA (BF) Fl , mite | amare | (EE) Rite 5, 874 2, 908 3, 002 5,910 0. 6% 6, 000 lim 5, 786 2, 666 3, 284 5, 950 2.8% 6, 00O Sle 516 152 348 500 As 1% 600 [AURERE (%) | [8.9%] [5.7%] [10.6%] [8.4%] 7’ 110, 0%] ESPEC CORP.
Slide 31: Segment forecast
EMH FREIX YL (BAP) foo] ee ance | tmxe an 1, 340 609 1, 230 A8. 2% 1, 200 1,474 502 838 1, 340 AY. 1% 1, 200 Beal 19 A45 45 0 _ 0 [ARES (%) | [1.3%] [A9.1%] [5.4%] ESPEC CORP.
Slide 32: Shareholder returns
Bc 5 Boe RENALSE OMMET EES OBRREO—SCBMI SCCM, KRHE PRMBOM LARS HER] LOBROBSA, AMIS CA SEM eMRL CRE THA EVUECH Scat (Fa) (FA) He) = aX 32 32 30 | 94 26 22 20 20 20 | 18 15 15 14 " "sit ll 06 07 08 09 10 11 12 13 14 15 16 (SERE) Bote) 20.6% 46.7% - - 21.4% 21.9% 286% 29.6% 285% 30.5% 36.5% 2007 F Risa
Slide 33: Quality is more than a word
Quality is more than a word ESOEC ESPEC CORP.
Slide 34: Notes and contact
CORES. SHOMEDHHPRAABLECABENTHET. CHNSBROHH? HMMS. REAF UM RCRRESC, HatAsto-PAMLLENTHVIET. RRORMECIS, SRORVERE- BRICLVC OH MSCs RESBAMS!), CORASTORMEBHLE!), REET SEO Tt CEWEA. [SHU Bdts ) TAN YPRASA 7530-8550 APRTICRAMH3-5-6 TEL 06-6358-4744 FAX 06-6358-4795 e-mail ir-div@espec.jp I-—#L—-bas3-47—-Yav
Slide 35: Appendix
Seat ESPEC CORP.
Slide 36: Company background
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Slide 37: History
BROZE bala Clot SUR RLIE i ve RAISE HA | meee | SRIRBLACIC) | i 1975 19823 +ECRREE FPD Sit BRSA 19945 HMYATA _ BRS)
Slide 38: Product lineup
[ Fei Se ee be ot Rae OD FE Sl =RBR CUSYTU— D-TEF—-Yay ECU ESPEC CORP. FINTZ JOA / BRR 4a [W9—FIST2) MSMGSRR:—40004+125C AMESRE RH | MMH: + 175°C, +85 ChB)A-Tv oi BN\- Lt N-YtVRE (MRtyv—) an BRHOREY1 IRR: —4000+110T Gime 7IFTA)/A-7v BSAKHWRORERERR: -—30C5+85CEVU=7EE | \-YTVRE- ARBRE rN @ gigg | OAR:
Slide 39: Topics
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Slide 40: Topics
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Slide 41: Topics
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Slide 42: Topics
(RBS) LIY-FNARBOMESGHI FMB 17ers NMT7VIKAHRSPSABHRCORUKAMERICM ONSVUFILIAVOIR Biko REteAas LONOKE CHS GRE ZREHOUEPA REP PENYARISYFU—FAR— ESPEC CORP.
Slide 43: Topics
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Slide 44: Topics
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Slide 45: Topics
(Y-EABRITOPICS HRM Ny FV) -RERERYS—) SHR 20159, FRETI/AY ILIAC MR EAR AVECE R100—2. Partll* TESSHLIABOREERRORIE BAU EMMA OBER eV R-hT SIV ALY TV —-EA SR 20164745 SiR bas NIFIRARECYS— (FMESO/AILIIZA) FRA RE BIRSARE) P2RSHRS ESPEC CORP.
Slide 46: Glossary
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Slide 47: Topics
(TOs) TOPICS AA Z BTR heey te 201633. MERE KEEAL ATH MRO Lt Shei eRe MADSUT1-LIFY—, RRASCORMMA | WO . v : t q by) Pee Tie (AB) Cee RR SRI —7) ESPEC CORP.