Slide 1: Results Presentation for Three Months Ended March 31, 2024
Results Presentation for Three Months Ended March 31, 2024 EBARA (6361) May 14, 2024
Slide 2: Table of Contents
Table of Contents Points of Results P3 4. Topics 1. FY24 1Q Summary of Results ・Stock Split P20 ・Consolidated P5 5. Appendix ・Segment P6 ・Consolidated Forecast（FY24 3-4Q) P22 ・Breakdown of Changes in Operating Profit P7 ・Revenue by Region P8 ・Orders P23 2. FY24 1Q Results by Segment ・Revenue P24 ・Bu
Slide 3: Points of Results
Points of Results FY24 1Q Results FY24 Forecast YoY* YoY* ¥-6.3 B. ¥13.4 B. Orders ¥191.6 B. -3.2% → Orders ¥834.0 B. +1.6% → ¥9.7 B. ¥67.6 B. Revenue ¥193.8 B. +5.3% ↗ Revenue ¥827.0 B. +8.9% ↗ ¥4.0 B. ¥0.9 B. Operating Profit ¥19.2 B. +26.4% ↗ Operating Profit ¥87.0 B. +1.1% → OP Ratio 10.0% +1.7p
Slide 4: 1. FY24 1Q Summary of Results
1. FY24 1Q Summary of Results 2. FY24 1Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 4 Copyright(c) Ebara Corporation, All rights reserved
Slide 5: Consolidated
1. FY24 1Q Summary of Results Consolidated (billions of yen) FY23 1Q FY24 1Q Change Change % a b b-a (b-a)/a Orders 197.9 191.6 -6.3 -3.2% Revenue 184.0 193.8 +9.7 +5.3% Operating Profit 15.2 19.2 +4.0 +26.4% OP Ratio 8.3% 10.0% +1.7pts Profit Attributable 8.0 14.6 +6.5 +81.5% to Owners of Parent EP
Slide 6: Segment
1. FY24 1Q Summary of Results Segment (billions of yen) FY23 1Q FY24 1Q Change Change % a b b-a (b-a)/a Orders 197.9 191.6 -6.3 -3.2% Revenue 184.0 193.8 +9.7 +5.3% Total Operating Profit 15.2 19.2 +4.0 +26.4% OP Ratio 8.3% 10.0% +1.7pts Orders 52.2 58.1 +5.8 +11.3% Building Service & Revenue 53.0 5
Slide 7: Breakdown of Changes in Operating Profit
1. FY24 1Q Summary of Results Breakdown of Changes in Operating Profit Profitability and revenue growth outpaced fixed cost increase (billions of yen) • Greatly improved profitability Loss on retirement of in Precision Machinery (+) buildings at Fujisawa • Gain on sale of land in District, etc. (-)
Slide 8: Revenue by Region
1. FY24 1Q Summary of Results Revenue by Region 79.8 Japan 73.0 +9.3% 113.9 +2.7% Overseas 110.9 Middle Others East 4% 34.4 China 26.7 +28.8% 7% Europe Japan 22.7 6% 41% Asia (excl. Japan 33.6 -32.4% China) North 24.8 FY24 1Q +5.8% America Revenue Composition North America 23.4 13% Domestic 41% Over
Slide 9: 2. FY24 1Q Results by Segment
1. FY24 1Q Summary of Results 2. FY24 1Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 9 Copyright(c) Ebara Corporation, All rights reserved
Slide 10: Building Service & Industrial
2. FY24 1Q Results by Segment Building Service & Industrial Results (Billions of yen) Key Changes (vs. FY23 1Q) Orders Revenue Market ◼ GDP growth continues at a slow pace in Japan, China, and South Environment America, but is recovering in Asia in developing markets and the FY23 FY24 230.0 230.0 22
Slide 11: Energy
2. FY24 1Q Results by Segment Energy Results (Billions of yen) Key Changes (vs. FY23 1Q) Orders Revenue Market ◼ Movement in petrochemical projects in the downstream Environment market, mainly in the Middle East FY23 FY24 222.7 200.0 200.0 ◼ North American LNG market has settled compared to last yea
Slide 12: Infrastructure
2. FY24 1Q Results by Segment Infrastructure Results (Billions of yen) Key Changes (vs. FY23 1Q) Orders Revenue Market ◼ Domestic public pump market remains steady due to FY23 FY24 56.6 55.0 Environment the investment in advanced disaster prevention, 50.1 51.0 remote monitoring, and aging measures i
Slide 13: Environmental Solutions
2. FY24 1Q Results by Segment Environmental Solutions Results (Billions of yen) Key Changes (vs. FY23 1Q) Orders Revenue Market ◼ Demand for new construction of waste treatment Environment facilities for public use remains stable FY23 FY24 100.8 80.0 ◼ Progress is in line with plans, but no orders f
Slide 14: Precision Machinery
2. FY24 1Q Results by Segment Precision Machinery Results (Billions of yen) Key Changes (vs. FY23 1Q) Orders Revenue Market ◼ Demand for semiconductors has bottomed out and some Environment customers have seen a normalization of inventory conditions and FY23 FY24 280.0 265.0 a gradual recovery in fa
Slide 15: 3. FY24 Forecast
1. FY24 1Q Summary of Results 2. FY24 1Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 15 Copyright(c) Ebara Corporation, All rights reserved
Slide 16: Consolidated
3. FY24 Forecast Consolidated Full-year forecast remains unchanged (Slight revision of 1H forecasts based on 1Q results) 1-4Q 1-2Q (billions of yen) FY23 Results FY24 Plan Change Change % FY23 Results FY24 P.Plan FY24 Plan YoY Change Change from prior plan Announced date (m/d/y) Feb/14/24 Feb/14/24
Slide 17: Segment
3. FY24 Forecast Segment 1-4Q 1-2Q (billions of yen) FY23 Results FY24 Plan Change Change % FY23 Results FY24 P.Plan FY24 Plan YoY Change Change from prior plan Announced date (m/d/y) Feb/14/24 Feb/14/24 May/14/24 Change Change % Change Change % a b b-a (b-a)/a c d e e-c (e-c)/c e-d (e-d)/d Orders 8
Slide 18: Breakdown of Changes in Operating Profit
3. FY24 Forecast Breakdown of Changes in Operating Profit We expect profit levels higher than FY23, while investing in growth and infrastructure (billions of yen) 1. Increased revenue (+) • Capital investment in semiconductor market has bottomed out Decreased S&S revenue (-) • Market expected to gra
Slide 19: 4. Topics
1. FY24 1Q Summary of Results 2. FY24 1Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 19 Copyright(c) Ebara Corporation, All rights reserved
Slide 20: Stock Split
4. Topics Stock Split ◼ Create an environment that makes it easier to invest and expand investor base (Ratio of individual shareholders: 11.1% compared to an average of 17.6% for listed companies, as of Purpose December 31, 2023) ◼ Set investment unit level below level recommended by the TSE (less t
Slide 21: 5. Appendix
1. FY24 1Q Summary of Results 2. FY24 1Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 21 Copyright(c) Ebara Corporation, All rights reserved
Slide 22: Consolidated Forecast (FY24 3-4Q)
5. Appendix Consolidated Forecast（FY24 3-4Q） 3-4Q 1-2Q 3-4Q Change (billions of yen) FY23 Results FY24 Plan Change Change % FY24 Plan FY24 Plan Announced date (m/d/y) May/14/24 May/14/24 May/14/24 a b b-a (b-a)/a c b b-c Orders 452.9 439.0 -13.9 -3.1% 395.0 439.0 +44.0 Revenue 395.5 427.0 +31.5 +8.0
Slide 23: Orders
5. Appendix Orders FY23 FY24 (billions of yen) 1-2Q Plan 3-4Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q Announced date (m/d/y) May/14/24 May/14/24 Feb/14/24 Total 197.9 367.6 598.3 820.5 191.6 395.0 439.0 834.0 Building Service & 52.2 111.0 169.3 221.3 58.1 117.0 113.0 230.0 Industrial Energy 62.3 101.4 1
Slide 24: Revenue
5. Appendix Revenue FY23 FY24 (billions of yen) 1-2Q Plan 3-4Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q Announced date (m/d/y) May/14/24 May/14/24 Feb/14/24 Total 184.0 363.8 551.2 759.3 193.8 400.0 427.0 827.0 Building Service & 53.0 106.5 161.8 222.1 56.5 113.0 117.0 230.0 Industrial Energy 35.9 79.4 1
Slide 25: Operating Profit
5. Appendix Operating Profit FY23 FY24 (billions of yen) 1-2Q Plan 3-4Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q Announced date (m/d/y) May/14/24 May/14/24 Feb/14/24 Total 15.2 33.7 56.9 86.0 19.2 40.0 47.0 87.0 Building Service & 3.9 6.7 10.4 15.7 4.3 7.5 9.0 16.5 Industrial Energy 1.1 7.3 12.6 22.3 3.6
Slide 26: Backlog of Orders
5. Appendix Backlog of Orders FY23 FY24 (billions of yen) 1-2Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q Announced date (m/d/y) May/14/24 Feb/14/24 Total 827.2 836.8 892.5 890.7 909.1 885.7 897.7 Building Service & 61.7 74.6 70.1 60.6 65.0 64.6 60.6 Industrial Energy 173.6 182.0 220.4 210.1 232.9 213.6 21
Slide 27: Revenue by Region
5. Appendix Revenue by Region (billions of yen) FY23 FY24 1Q 1-2Q 1-3Q 1-4Q 1Q Building Service & Industrial 53.0 106.5 161.8 222.1 56.5 Japan 23.6 45.2 66.3 94.0 26.1 Asia (excl. Japan) 13.5 29.0 46.4 62.0 12.8 North America 3.6 7.8 11.8 15.5 4.0 Europe 5.9 12.3 17.7 23.2 6.0 Middle East 2.0 3.2 5.
Slide 28: Service & Support (S&S) Revenue
5. Appendix Service & Support (S&S) Revenue (billions of yen) FY23 FY24 1Q 1-2Q 1-3Q 1-4Q 1Q S&S Revenue 10.8 21.7 31.5 49.9 14.0 Building Service & Industrial S&S Ratio 21% 20% 20% 23% 25% S&S Revenue 21.4 46.2 67.8 96.4 22.1 Energy S&S Ratio 60% 58% 57% 58% 51% S&S Revenue 11.6 15.4 19.2 24.4 10.0
Slide 29: Balance Sheet
5. Appendix Balance Sheet (billions of yen) FY23 1Q FY23 4Q FY24 1Q Change Change a b c c-a c-b Total Assets 858.2 913.9 953.4 +95.2 +39.5 Current Assets 605.3 648.3 675.5 +70.1 +27.1 Cash and cash equivalents 145.7 148.0 165.2 +19.4 +17.1 Trade receivables 251.0 263.2 271.5 +20.5 +8.3 Inventories 1
Slide 30: Cash Flows
5. Appendix Cash Flows (billions of yen) 1Q 1-4Q FY23 FY24 Change FY23 FY24 Plan Change Announced date (m/d/y) Feb/14/24 a b b-a c d d-c CF from 12.2 19.6 7.3 70.0 70.0 -0.0 operating activities CF from -8.3 -6.7 1.5 -35.6 -73.0 -37.3 investing activities FCF 3.8 12.8 8.9 34.3 -3.0 -37.3 CF from 25.
Slide 31: ESG Topics
5. Appendix ESG Topics Certified as an Eco-First Company by the Ministry of the Environment E 2024/4 News release (Japanese language only) Environment Wins HVAC&R Award 2024 in the Product Category 2024/2 News release (Japanese language only) Ebara Elliott Energy Wins Contract to Provide Compressor
Slide 32: Disclaimer
Disclaimer This release contains forward-looking statements which involve certain risks and uncertainties that could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements which are valid only as of the da