Slide 1: Results Presentation for Nine Months Ended September 30, 2024
Results Presentation for Nine Months Ended September 30, 2024 EBARA (6361) November 14, 2024
Slide 2: Table of Contents
Table of Contents Points of Results P3 4. Topics 1. FY24 1-3Q Summary of Results Building Service & Industrial Segment P21 • Impairment Loss on Goodwill related to Turkish ・Consolidated P5 Subsidiary Vansan ・Segment P6 • E-Plan 2025 Progress ・Breakdown of Changes in Operating Profit P7 5. Appendix ・
Slide 3: Points of Results
Points of Results FY24 1-3Q Results FY24 Forecast Results YoY Current Plan YoY Change vs. Prior Plan* ¥45.2 B. ¥44.4 B. ¥20.0 B. Orders ¥643.6 B. +7.6% ↗ Orders ¥865.0 B. +3.0% → +2.4% → ¥53.1 B. ¥82.6 B. ¥15.0 B. Revenue ¥604.3 B. +9.6% ↗ Revenue ¥842.0 B. +8.9% ↗ +1.8% → ¥2.8 B. ¥0.9 B. - Operatin
Slide 4: 1. FY24 1-3Q Summary of Results
1. FY24 1-3Q Summary of Results 2. FY24 1-3Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 4 Copyright(c) Ebara Corporation, All rights reserved
Slide 5: Consolidated
1. FY24 1-3Q Summary of Results Consolidated (billions of yen) YoY FY23 1-3Q Results FY24 1-3Q Results Change Change % a b b-a (b-a)/a Orders 598.3 643.6 +45.2 +7.6% Revenue 551.2 604.3 +53.1 +9.6% Operating Profit 56.9 59.8 +2.8 +5.0% OP Ratio 10.3% 9.9% -0.4pts Profit Attributable to Owners of Par
Slide 6: Segment
1. FY24 1-3Q Summary of Results Segment (billions of yen) YoY FY23 1-3Q Results FY24 1-3Q Results Change Change % a b b-a (b-a)/a Orders 598.3 643.6 +45.2 +7.6% Revenue 551.2 604.3 +53.1 +9.6% Total Operating Profit 56.9 59.8 +2.8 +5.0% OP Ratio 10.3% 9.9% -0.4pts Orders 169.3 184.5 +15.1 +9.0% Buil
Slide 7: Breakdown of Changes in Operating Profit
1. FY24 1-3Q Summary of Results Breakdown of Changes in Operating Profit Increased revenue and profitability improvements exceeded the rise in fixed cost, resulting in higher Operating Profit (billions of yen) • Improved project mix in Precision Machinery (+) • S&S Sales up in Japan for Building Ser
Slide 8: Revenue by Region
1. FY24 1-3Q Summary of Results Revenue by Region 207.5 Japan 191.5 +8.4% 396.7 +10.3% Overseas 359.6 Middle 131.6 Others China 96.9 +35.9% East 4% Europe 5% Japan Taiwan, Korea and 84.4 7% 34% 105.5 -20.0% other Asia 87.8 North FY24 1-3Q North America 58.0 +51.4% America Revenue Composition 15% 40.
Slide 9: 2. FY24 1-3Q Results by Segment
1. FY24 1-3Q Summary of Results 2. FY24 1-3Q 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 1-3Q Results by Segment Building Service & Industrial Results (Billions of yen) Key Changes (vs. FY23 1-3Q) Orders Revenue Market ◼ GDP growth continues at a slow pace in Japan, China, and Europe, FY23 FY24 Environment but is recovering in North and South America 240.0 240.0 184.5 221.3 222.
Slide 11: Energy
2. FY24 1-3Q Results by Segment Energy Results (Billions of yen) Key Changes (vs. FY23 1-3Q) Orders Revenue Market ◼ Activity in the downstream petrochemical market, mainly in Environment North America, Asia, and the Middle East FY23 FY24 222.7 210.0 200.0 ◼ No major changes in the North American LN
Slide 12: Infrastructure
2. FY24 1-3Q Results by Segment Infrastructure Results (Billions of yen) Key Changes (vs. FY23 1-3Q) Orders Revenue Market ◼ Domestic public pump market remains steady FY23 FY24 56.6 60.0 Environment ◼ Investment in advanced disaster prevention, and aging 50.1 51.0 measures in line with the "Five-Ye
Slide 13: Environmental Solutions
2. FY24 1-3Q Results by Segment Environmental Solutions Results (Billions of yen) Key Changes (vs. FY23 1-3Q) Orders Revenue Market ◼ Demand in Japan for new construction of waste treatment plants FY23 FY24 Environment for public use remains stable 100.8 85.0 74.0 71.5 58.263.1 ◼ 2 large scale proje
Slide 14: Precision Machinery
2. FY24 1-3Q Results by Segment Precision Machinery Results (Billions of yen) Key Changes (vs. FY23 1-3Q) Orders Revenue Market ◼ Demand for Generative AI is spurring increased semiconductor FY23 FY24 Environment demand and customer fab utilization rates are on a recovery trend, 280.0 265.0 however
Slide 15: Precision Machinery Quarterly Trends
2. FY24 1-3Q Results by Segment Precision Machinery Quarterly Trends Orders (Billions of yen) Precision Machinery 96.1 Components CMP Systems 71.8 72.8 68.1 65.0 61.5 54.3 45.9 42.0 41.0 40.3 34.0 27.0 30.6 24.1 24.0 24.0 28.6 28.3 18.1 20.6 22.4 25.8 9.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 16: 3. FY24 Forecast
1. FY24 1-3Q Summary of Results 2. FY24 1-3Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 16 Copyright(c) Ebara Corporation, All rights reserved
Slide 17: Consolidated
3. FY24 Forecast Consolidated Based on progress in Q3, we have revised the plan for orders upward by ¥20 billion and revenue by ¥15 billion, while keeping operating profit unchanged 1-4Q (billions of yen) FY23 Results FY24 P.Plan FY24 Plan YoY Change Change vs. Prior Plan Announced date (m/d/y) Aug/
Slide 18: Segment
3. FY24 Forecast Segment 1-4Q (billions of yen) FY23 Results FY24 Plan FY24 Plan YoY Change Change vs. Prior Plan Announced date (m/d/y) Aug/14/24 Nov/14/24 Change Change % Change Change % a b c c-a (c-a)/a c-b (c-b)/b Orders 820.5 845.0 865.0 +44.4 +3.0% +20.0 +2.4% Revenue 759.3 827.0 842.0 +82.6
Slide 19: Breakdown of Changes in Operating Profit
3. FY24 Forecast Breakdown of Changes in Operating Profit Upward revisions in the Energy and Precision Machinery Segments will allow us to maintain our overall operating profit forecast at ¥87 billion, despite downward revision for the Building Service & Industrial Segment Compared to FY23 Compared
Slide 20: 4. Topics
1. FY24 1-3Q Summary of Results 2. FY24 1-3Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 20 Copyright(c) Ebara Corporation, All rights reserved
Slide 21: Impairment Loss on Goodwill related to Turkish Subsidiary Vansan
4. Topics Building Service & Industrial Segment Impairment Loss on Goodwill related to Turkish Subsidiary Vansan ◼ Recognized impairment loss on goodwill related to Vansan of ¥6.4 billion due to changes in the business environment in Turkey and abroad, fully impairing goodwill on the balance sheet ◼
Slide 22: E-Plan 2025 Progress
4. Topics Building Service & Industrial Segment E-Plan 2025 Progress ◼ E-Plan 2025 positions the Building Service & Industrial Segment as a growth business with operating profit ratio of over 7.0% and CAGR of over 6.0% as targets for FY25 ◼ Impairment loss on goodwill for Vansan will temporarily red
Slide 23: 5. Appendix
1. FY24 1-3Q Summary of Results 2. FY24 1-3Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 23 Copyright(c) Ebara Corporation, All rights reserved
Slide 24: Consolidated Forecast (FY24 3-4Q)
5. Appendix Consolidated Forecast（FY24 3-4Q） 3-4Q 1-2Q 3-4Q (billions of yen) FY23 Results FY24 Plan Change Change % FY24 Results FY24 Plan Change Announced date (m/d/y) Nov/14/24 Nov/14/24 a b b-a (b-a)/a d e e-d Orders 452.9 465.3 +12.4 +2.7% 399.6 465.3 +65.7 Revenue 395.5 447.4 +51.9 +13.1% 394.
Slide 25: Orders
5. Appendix Orders FY23 FY24 (billions of yen) 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Announced date (m/d/y) Nov/14/24 Total 197.9 367.6 598.3 820.5 191.6 399.6 643.6 865.0 Building Service & 52.2 111.0 169.3 221.3 58.1 123.6 184.5 240.0 Industrial Energy 62.3 101.4 173.8 222.7 54.5 95.5 166.2 210
Slide 26: Revenue
5. Appendix Revenue FY23 FY24 (billions of yen) 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Announced date (m/d/y) Nov/14/24 Total 184.0 363.8 551.2 759.3 193.8 394.5 604.3 842.0 Building Service & 53.0 106.5 161.8 222.1 56.5 114.7 172.7 240.0 Industrial Energy 35.9 79.4 118.8 167.2 43.5 92.6 145.1 200
Slide 27: Operating Profit
5. Appendix Operating Profit FY23 FY24 (billions of yen) 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Announced date (m/d/y) Nov/14/24 Total 15.2 33.7 56.9 86.0 19.2 39.9 59.8 87.0 Building Service & 3.9 6.7 10.4 15.7 4.3 7.8 5.5 10.5 Industrial Energy 1.1 7.3 12.6 22.3 3.6 7.5 15.3 24.0 Infrastructure
Slide 28: Backlog of Orders
5. Appendix Backlog of Orders FY23 FY24 (billions of yen) 4Q Plan 1Q 2Q 3Q 4Q 1Q 2Q 3Q Announced date (m/d/y) Nov/14/24 Total 827.2 836.8 892.5 890.7 909.1 938.0 938.7 913.7 Building Service & 61.7 74.6 70.1 60.6 65.0 73.2 72.4 60.6 Industrial Energy 173.6 182.0 220.4 210.1 232.9 235.3 232.3 220.1 I
Slide 29: Revenue by Region
5. Appendix Revenue by Region (billions of yen) FY23 FY24 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q Building Service & Industrial 53.0 106.5 161.8 222.1 56.5 114.7 172.7 Japan 23.6 45.2 66.3 94.0 26.1 48.7 71.0 Asia (excl. Japan) 13.5 29.0 46.4 62.0 12.8 29.7 46.6 North America 3.6 7.8 11.8 15.5 4.0 8.8 14.2 E
Slide 30: 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 1-2Q 1-3Q S&S Revenue 10.8 21.7 31.5 49.9 14.0 26.3 38.2 Building Service & Industrial S&S Ratio 21% 20% 20% 23% 25% 23% 22% S&S Revenue 21.4 46.2 67.8 96.4 22.1 44.2 69.7 Energy S&S Ratio 60% 58% 57% 58% 51
Slide 31: Balance Sheet
5. Appendix Balance Sheet (billions of yen) FY23 3Q FY23 4Q FY24 3Q Change Change a b c c-a c-b Total Assets 884.4 913.9 948.4 +64.0 +34.5 Current Assets 617.2 648.3 667.0 +49.8 +18.6 Cash and cash equivalents 142.1 148.0 183.7 +41.5 +35.6 Trade receivables 243.6 263.2 238.5 -5.0 -24.7 Inventories 2
Slide 32: Cash Flows
5. Appendix Cash Flows 1-3Q 1-4Q (billions of yen) FY23 FY24 Change FY23 FY24 Plan FY24 Plan Change Change Announced date (m/d/y) Feb/14/24 Nov/14/24 a b b-a c d e e-c e-d CF from 48.2 92.6 +44.3 70.0 70.0 90.0 +20.0 +20.0 operating activities CF from -24.3 -30.7 -6.4 -35.6 -73.0 -73.0 -37.3 +0.0 in
Slide 33: CAPEX, Depreciation and Amortization, R&D Expenses
5. Appendix CAPEX, Depreciation and Amortization, R&D Expenses 1-3Q 1-4Q (billions of yen) FY23 FY24 Change FY23 FY24 Plan FY24 Plan Change Change Announced date (m/d/y) Feb/14/24 Nov/14/24 a b b-a c d e e-c e-d CAPEX 24.8 42.0 +17.1 40.6 72.0 72.0 +31.3 +0.0 Building Service & Industrial 6.5 5.8 -0
Slide 34: ESG Topics
5. Appendix ESG Topics E Issues Sustainability Linked Bond 2024/9 News release (Japanese language only) Environment EBARA Announces Construction of World's First Full-Scale Equipment Testing and Development Center Fully Equipped with Liquid Hydrogen Pump Testing Facilities 2024/9 News release EBARA
Slide 35: 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