Slide 1: Results Presentation for FY2021
Results Presentation for FY2021 Ended December 31, 2021 EBARA (6361) February 14, 2022 Revised page 19 on February 15, 2022
Slide 2: Table of Contents
Table of Contents Points of Results P.3 4. Progress of Medium-term P.13 Management Plan “E-Plan 2022” 1. FY21 Summary of Results ・Consolidated 5. Appendix P.4 ・Orders P.26 ・Segment P.5 ・Revenue P.27 ・Revenue by Region P.6 ・Operating Profit P.28 ・Management Indicators P.7 ・Backlog of Orders P.29 2. F
Slide 3: Points of Results
Points of Results FY21 Results FY22 Forecast YoY* YoY* ■ Orders ¥771.4 B. +50.9% ↗ ■ Orders ¥692.5 B. -10.2% ↘ ■ Revenue ¥603.2 B. +15.5% ↗ ■ Revenue ¥660.0 B. +9.4% ↗ ■ Operating Profit ¥61.3 B. +63.4% ↗ ■ Operating Profit ¥66.0 B. +7.5% ↗ * ↗ +5% change or more ↘ -5% change or more → less than ± 5
Slide 4: Consolidated
1. FY21 Summary of Results Consolidated FY20 1-4Q FY21 1-4Q Change Change % (in billion yen) Orders 511.2 771.4 +260.2 +50.9% Revenue 522.4 603.2 +80.7 +15.5% Operating Profit 37.5 61.3 +23.8 +63.4% OP Ratio 7.2% 10.2% +3.0pts Profit Attributable 24.2 43.6 +19.3 +80.0% to Owners of Parent Exchange R
Slide 5: Segment
1. FY21 Summary of Results Segment FY20 1-4Q FY21 1-4Q Change Change % (in billion yen) Orders 511.2 771.4 +260.2 +50.9% Revenue 522.4 603.2 +80.7 +15.5% Total Operating Profit 37.5 61.3 +23.8 +63.4% OP Ratio 7.2% 10.2% +3.0pts Orders 301.1 354.8 +53.6 +17.8% Revenue 313.2 336.9 +23.7 +7.6% FMS Busi
Slide 6: Revenue by Region
1. FY21 Summary of Results Revenue by Region FY20 1-4Q FY21 1-4Q Composition Composition (in billion yen) Results Results Change Change % of Revenue of Revenue Total 522.4 100.0% 603.2 100.0% +80.7 +15.5% In domestic market (Japan) 235.9 45.2% 247.4 41.0% +11.5 +4.9% In overseas market 286.5 54.8% 3
Slide 7: Management Indicators
1. FY21 Summary of Results Management Indicators FY20 1-4Q FY21 1-4Q Management Indicators ROIC 6.4% 10.7% ROE 8.6% 14.5% Debt-to-equity Ratio 0.34 times 0.36 times Working Capital Turnover Receivable turnover period 142 days 127 days Inventory turnover period 71 days 67 days Shareholder Returns Ann
Slide 8: FMS Business
2. FY21 Results by Segment FMS Business Results (in billion yen) Highlights Pumps Orders 354.8 Revenue 336.9 Orders, revenue and profit of standard pumps increased FY20 FY21 301.1 313.2 due to recovery in the building equipment market (+) 258.5 222.3 237.8 220.7 In custom pumps, orders, revenue and
Slide 9: EP Business
2. FY21 Results by Segment EP Business Results (in billion yen) Highlights Orders Revenue Orders FY20 FY21 119.6 129.4 Received several large orders for the full year No orders for large projects in 4Q 71.8 61.6 47.9 61.9 50.0 67.4 Revenue 43.9 28.5 36.0 17.219.4 28.731.3 Revenue from EPC* increased
Slide 10: PM Business
2. FY21 Results by Segment PM Business Results (in billion yen) Highlights Orders Orders Revenue 285.4 192.7 Capex in the semiconductor market remains at FY20 FY21 197.2 a high level 146.6 130.8 140.3 Strong orders for both components and CMPs, 116.8 79.0 103.2 including early orders 51.3 70.3 95.0
Slide 11: Consolidated
3. FY22 Forecast Consolidated 1-2Q 1-4Q (in billion yen) FY21 FY22 Plan Change Change % FY21 FY22 Plan Change Change % Announced date(m/d/y) Feb/14/22 Feb/14/22 a b b-a c d d-c Orders 344.9 349.3 +4.3 +1.3% 771.4 692.5 -78.9 -10.2% Revenue 274.1 317.3 +43.1 +15.7% 603.2 660.0 +56.7 +9.4% Operating P
Slide 12: Segment
3. FY22 Forecast Segment 1-2Q 1-4Q (in billion yen) FY21 FY22 Plan Change Change % FY21 FY22 Plan Change Change % Announced date(m/d/y) Feb/14/22 Feb/14/22 a b b-a c d d-c Orders 344.9 349.3 +4.3 +1.3% 771.4 692.5 -78.9 -10.2% Revenue 274.1 317.3 +43.1 +15.7% 603.2 660.0 +56.7 +9.4% Total Operating
Slide 13: Review of the Second Year and Outlook for the Final Year
４. Progress of Medium-term Management Plan “E-Plan 2022” Review of the Second Year and Outlook for the Final Year Achieved targets for ROIC and operating profit ratio, the key performance indicators, one year ahead of schedule E-Plan 2022 E-Plan 2022 FY19 Results FY20 Results FY21 Results FY22 Forec
Slide 14: Business Environment in E-Plan 2022
４. Progress of Medium-term Management Plan “E-Plan 2022” Business Environment in E-Plan 2022 Market/Regional Trends Market Fluctuation Forecast* Newly Identified Main markets only Factors Original Current Risks/Opportunities Growth Businesses Building equipment Japan Stagnation of economic demand St
Slide 15: Changes in Business Environment and Impacts
４. Progress of Medium-term Management Plan “E-Plan 2022” Changes in Business Environment and Impacts FY21: Difficulty in procuring parts and rising costs due to COVID-19. Although the impact on business performance has been controlled by taking measures for each business, the situation began to dete
Slide 16: Progress of Growth Businesses
４. Progress of Medium-term Management Plan “E-Plan 2022” Progress of Growth Businesses Overseas Strategy for Standard Pumps Business Identify new markets and expand sales offices Allocate investments and resources to regions with high growth potential Basic Policy Strengthen marketing function and d
Slide 17: Progress of Growth Businesses
４. Progress of Medium-term Management Plan “E-Plan 2022” Progress of Growth Businesses Growth Strategy for PM Business Expanding market share in existing markets by transforming from a single hardware manufacturer to a solution provider Basic Policy Promote production efficiency, including the autom
Slide 18: Create New Businesses
４. Progress of Medium-term Management Plan “E-Plan 2022” Create New Businesses Needs EBARA's Products Growth Social Issues and Technologies Business Area Potential Values We Deliver Providing solutions Hydrogen supply Global acceleration Carbon neutral in Cryogenic pumps, mainly for liquefied chain
Slide 19: Growth Investment
４. Progress of Medium-term Management Plan “E-Plan 2022” Growth Investment E-Plan 2022 Target FY20 Results FY21 Results FY22 Forecast (3 years) Capex ¥100.0 B. ¥35.0 B. ¥22.7 B. ¥47.0 B. R＆D ¥40.0 B. ¥12.5 B. ¥13.5 B. ¥17.5 B. Proactive M&A - ¥10.7 B. - Main investment projects in FY22 In the PM bus
Slide 20: Shareholder Returns
４. Progress of Medium-term Management Plan “E-Plan 2022” Shareholder Returns Status of Share Repurchases As for the share repurchase announced in May 2021, we have completed the repurchase to the maximum amount of 20 billion yen in December. All shares repurchased have been cancelled on January 31,
Slide 21: Shareholder Returns
４. Progress of Medium-term Management Plan “E-Plan 2022” Shareholder Returns Forecast of Annual Dividend per Share Targeting a consolidated dividend payout ratio of 35% or more, dividends are linked to the Dividend financial results for the fiscal year. Policy Secure a ratio of dividends to equity a
Slide 22: Progress, Achievements and Next Steps
４. Progress of Medium-term Management Plan “E-Plan 2022” Progress, Achievements and Next Steps Progress and Achievements Next Steps 1st Year 2nd Year Development of New Businesses Established Strongly promoted the hydrogen- Development of pumps and Marketing/New Business related business as a compan
Slide 23: Progress, Achievements and Next Steps
４. Progress of Medium-term Management Plan “E-Plan 2022” Progress, Achievements and Next Steps Progress and Achievements Next Steps 1st Year 2nd Year Transformation of Business Structure to Strengthen Earnings Base Improved productivity in Profitability improved in Develop products that utilize Cust
Slide 24: Progress, Achievements and Next Steps
４. Progress of Medium-term Management Plan “E-Plan 2022” Progress, Achievements and Next Steps Progress and Achievements Next Steps 1st Year 2nd Year Faster Organizations Launched a project for Developed a global template Full-scale operations to begin company-wide ERP and started deployment to two
Slide 25: Progress, Achievements and Next Steps
４. Progress of Medium-term Management Plan “E-Plan 2022” Progress, Achievements and Next Steps Progress and Achievements Next Steps 1st Year 2nd Year Take Aim at Environmental Issues Developed and sold Launched a new product with low Develop new products and environmentally-friendly environmental im
Slide 26: Orders
5. Appendix Orders (in billion yen) FY20 FY21 FY21 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q 1-2Q Plan 1-4Q Plan Announced date(m/d/y) Feb/14/22 Feb/14/22 Total 124.1 258.0 366.4 511.2 159.4 344.9 576.8 771.4 349.3 692.5 FMS Business 79.1 150.8 222.3 301.1 78.9 165.4 258.5 354.8 175.0 349.0 Pumps 43.6 83.
Slide 27: Revenue
5. Appendix Revenue (in billion yen) FY20 FY21 FY21 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q 1-2Q Plan 1-4Q Plan Announced date(m/d/y) Feb/14/22 Feb/14/22 Total 123.4 245.4 369.0 522.4 135.2 274.1 419.9 603.2 317.3 660.0 FMS Business 79.0 149.3 220.7 313.2 81.9 162.8 237.8 336.9 171.0 347.0 Pumps 46.5 81
Slide 28: Operating Profit
5. Appendix Operating Profit (in billion yen) FY20 FY21 FY21 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q 1-2Q Plan 1-4Q Plan Announced date(m/d/y) Feb/14/22 Feb/14/22 Total 6.0 12.7 22.0 37.5 12.2 24.6 37.0 61.3 24.6 66.0 FMS Business 4.6 7.8 11.2 19.8 7.9 13.4 15.3 24.7 11.0 25.5 Pumps 4.6 5.9 6.4 9.2 7.6
Slide 29: Backlog of Orders
5. Appendix Backlog of Orders (in billion yen) FY20 FY21 FY21 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q 1-2Q Plan 1-4Q Plan Announced date(m/d/y) Feb/14/22 Feb/14/22 Total 481.7 493.0 477.4 467.5 498.4 546.1 633.7 651.5 683.5 684.0 FMS Business 209.3 209.8 209.1 194.2 196.6 203.2 222.2 224.3 228.3 226.3 P
Slide 30: Revenue by Region
5. Appendix Revenue by Region FY20 FY21 (in billion yen) 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q FMS Business 79.0 149.3 220.7 313.2 81.9 162.8 237.8 336.9 Japan 41.9 68.2 93.2 130.6 41.6 67.1 93.2 126.6 Asia (excl. Japan) 16.2 39.2 65.5 96.1 23.1 49.5 80.3 116.4 North America 9.0 13.5 23.3 29.1 5.4 14.
Slide 31: Balance Sheets
5. Appendix Balance Sheets (in billion yen) FY20 4Q FY21 4Q Change Total Assets 644.7 719.7 +74.9 Current Assets 440.0 499.9 +59.8 Cash and cash equivalents 120.5 136.4 +15.9 Trade receivables 200.0 218.4 +18.3 Inventories 101.6 121.3 +19.7 Other Current Assets 17.7 23.6 +5.8 Non-current Assets 204.
Slide 32: Cash Flows
5. Appendix Cash Flows (in billion yen) 1-4Q FY20 FY21 Change FY22 Plan Change Announced date(m/d/y) Feb/14/22 a b b-a c c-b CF from 68.8 72.8 +4.0 75.0 +2.1 operating activities CF from -29.2 -31.3 -2.1 -48.0 -16.6 investing activities FCF 39.6 41.4 +1.8 27.0 -14.4 CF from -14.3 -29.4 -15.0 -24.0 +
Slide 33: Capital Expenditures, Depreciation and Amortization, R&D Expenses
5. Appendix Capital Expenditures, Depreciation and Amortization, R&D Expenses (in billion yen) 1-4Q FY20 FY21 Change FY22 Plan Change Announced date(m/d/y) Feb/14/22 a b b-a c c-b CAPEX 35.0 22.7 -12.2 47.0 +24.2 FMS Business 14.6 9.9 -4.7 17.0 +7.0 EP Business 1.0 0.7 -0.2 3.0 +2.2 PM Business 16.9
Slide 34: Forward-looking statements
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 date thereof.