Slide 1: Results Presentation for Six Months Ended June 30, 2024
Results Presentation for Six Months Ended June 30, 2024 EBARA (6361) August 14, 2024
Slide 2: Table of Contents
Table of Contents Points of Results P3 4. Topics 1. FY24 1-2Q Summary of Results ・Semiconductors for Generative AI & Product P21 ・Consolidated P5 Demand for Precision Machinery ・Segment P6 5. Appendix ・Breakdown of Changes in Operating Profit P7 ・Consolidated Forecast（FY24 3-4Q) P23 ・Revenue by Regi
Slide 3: Points of Results
Points of Results FY24 1-2Q Results FY24 Forecast Results YoY Change Vs. Plan* Current Plan YoY Change vs. Prior Plan* ¥32.0 B. ¥4.6 B. ¥24.4 B. ¥11.0 B. Orders ¥399.6 B. +8.7% ↗ +1.2% → Orders ¥845.0 B. +3.0% → +1.3% → ¥30.7 B. ¥-5.4 B. ¥67.6 B. - Revenue ¥394.5 B. +8.4% ↗ -1.4% → Revenue ¥827.0 B.
Slide 4: 1. FY24 1-2Q Summary of Results
1. FY24 1-2Q Summary of Results 2. FY24 1-2Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 4 Copyright(c) Ebara Corporation, All rights reserved
Slide 5: Consolidated
1. FY24 1-2Q Summary of Results Consolidated (billions of yen) YoY FY24 1-2Q Plan Results vs. Plan FY23 1-2Q Results FY24 1-2Q Results Change Change % May/14/24 Deviation Deviation % a b b-a (b-a)/a c b-c (b-c)/c Orders 367.6 399.6 +32.0 +8.7% 395.0 +4.6 +1.2% Revenue 363.8 394.5 +30.7 +8.4% 400.0 -
Slide 6: Segment
1. FY24 1-2Q Summary of Results Segment (billions of yen) YoY FY24 1-2Q Plan Results vs. Plan FY23 1-2Q Results FY24 1-2Q Results Change Change % May/14/24 Deviation Deviation % a b b-a (b-a)/a c b-c (b-c)/c Orders 367.6 399.6 +32.0 +8.7% 395.0 +4.6 +1.2% Revenue 363.8 394.5 +30.7 +8.4% 400.0 -5.4 -
Slide 7: Breakdown of Changes in Operating Profit
1. FY24 1-2Q Summary of Results Breakdown of Changes in Operating Profit Operating Profit increased as improvements to profitability and revenue growth outpaced increase in fixed cost (billions of yen) • Project mix in Precision Machinery (+) Loss on retirement of • S&S Sales up in Japan buildings a
Slide 8: Revenue by Region
1. FY24 1-2Q Summary of Results Revenue by Region 145.1 Japan 129.5 +12.0% 249.4 +6.5% Overseas 234.2 Middle Others 80.0 East 4% China 59.5 +34.4% 5% Japan Europe 51.6 37% Taiwan, Korea 6% 73.4 -29.6% and other Asia North FY24 1-2Q 56.8 North America 35.9 +58.0% America Revenue Composition 14% 24.3
Slide 9: 2. FY24 1-2Q Results by Segment
1. FY24 1-2Q Summary of Results 2. FY24 1-2Q 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 1-2Q Results by Segment Building Service & Industrial Results (Billions of yen) Key Changes (vs. FY23 1-2Q) Orders Revenue Market ◼ GDP growth continues at a slow pace in Japan, China, and South Environment America, but is recovering in Asian emerging markets and the FY23 FY24 230.0 230.0 22
Slide 11: Energy
2. FY24 1-2Q Results by Segment Energy Results (Billions of yen) Key Changes (vs. FY23 1-2Q) Orders Revenue Market ◼ Movement in petrochemical projects in the downstream Environment market, mainly in the Middle East/India FY23 FY24 222.7 200.0 200.0 ◼ No major changes in the North American LNG marke
Slide 12: Infrastructure
2. FY24 1-2Q Results by Segment Infrastructure Results (Billions of yen) Key Changes (vs. FY23 1-2Q) Orders Revenue Market ◼ Domestic public pump market remains steady due to the FY23 FY24 60.0 Environment investment in advanced disaster prevention, and aging measures 56.6 50.1 51.0 in line with the
Slide 13: Environmental Solutions
2. FY24 1-2Q Results by Segment Environmental Solutions Results (Billions of yen) Key Changes (vs. FY23 1-2Q) Orders Revenue Market ◼ Demand for new construction of waste treatment facilities for Environment public use remains stable FY23 FY24 100.8 74.0 80.0 71.5 ◼ 1 large scale project 49.2 35.2 5
Slide 14: Precision Machinery
2. FY24 1-2Q Results by Segment Precision Machinery Results (Billions of yen) Key Changes (vs. FY23 1-2Q) Orders Revenue Market ◼ While demand is increasing for semiconductors for generative AI, Environment and customer fab utilization rates are on a recovery trend, a full- FY23 FY24 265.0 scale res
Slide 15: Precision Machinery Quarterly Trends
2. FY24 1-2Q Results by Segment Precision Machinery Quarterly Trends Orders (Billions of yen) Precision Machinery Components CMP Systems 72.8 65.0 61.5 54.3 45.9 34.0 42.0 41.0 30.6 28.3 24.1 27.0 25.8 28.6 18.1 20.6 22.4 9.0 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q FY23 FY24 FY23 FY24
Slide 16: 3. FY24 Forecast
1. FY24 1-2Q Summary of Results 2. FY24 1-2Q 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 Upward revision of ¥11.0 billion for full-year Orders, considering the increased orders in Infrastructure and Environmental Solutions in 1H and projections for 2H 1-4Q (billions of yen) FY23 Results FY24 P.Plan FY24 Plan YoY Change Change vs. Prior Plan Announced date (
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) Feb/14/24 Aug/14/24 Change Change % Change Change % a b c c-a (c-a)/a c-b (c-b)/b Orders 820.5 834.0 845.0 +24.4 +3.0% +11.0 +1.3% Revenue 759.3 827.0 827.0 +67.6
Slide 19: Breakdown of Changes in Operating Profit
3. FY24 Forecast Breakdown of Changes in Operating Profit We expect to achieve 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 expe
Slide 20: 4. Topics
1. FY24 1-2Q Summary of Results 2. FY24 1-2Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 20 Copyright(c) Ebara Corporation, All rights reserved
Slide 21: Semiconductors for Generative AI & Product Demand for Precision Machinery
4. Topics Semiconductors for Generative AI & Product Demand for Precision Machinery ◼ GPUs1 and HBM2 are essential for generative AI semiconductors, as is the wiring process on the interposer that connects them ◼ Our product lineup contributes to these key areas, and we expect our business to contin
Slide 22: 5. Appendix
1. FY24 1-2Q Summary of Results 2. FY24 1-2Q Results by Segment 3. FY24 Forecast 4. Topics 5. Appendix 22 Copyright(c) Ebara Corporation, All rights reserved
Slide 23: 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) Aug/14/24 Aug/14/24 a b b-a (b-a)/a d e e-d Orders 452.9 445.3 -7.6 -1.7% 399.6 445.3 +45.7 Revenue 395.5 432.4 +36.9 +9.3% 394.5
Slide 24: Orders
5. Appendix Orders FY23 FY24 (billions of yen) 3-4Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q Announced date (m/d/y) Aug/14/24 Aug/14/24 Total 197.9 367.6 598.3 820.5 191.6 399.6 445.3 845.0 Building Service & 52.2 111.0 169.3 221.3 58.1 123.6 106.3 230.0 Industrial Energy 62.3 101.4 173.8 222.7 54.5
Slide 25: Revenue
5. Appendix Revenue FY23 FY24 (billions of yen) 3-4Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q Announced date (m/d/y) Aug/14/24 Aug/14/24 Total 184.0 363.8 551.2 759.3 193.8 394.5 432.4 827.0 Building Service & 53.0 106.5 161.8 222.1 56.5 114.7 115.2 230.0 Industrial Energy 35.9 79.4 118.8 167.2 43.5
Slide 26: Operating Profit
5. Appendix Operating Profit FY23 FY24 (billions of yen) 3-4Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q Announced date (m/d/y) Aug/14/24 Aug/14/24 Total 15.2 33.7 56.9 86.0 19.2 39.9 47.0 87.0 Building Service & 3.9 6.7 10.4 15.7 4.3 7.8 8.6 16.5 Industrial Energy 1.1 7.3 12.6 22.3 3.6 7.5 12.4 20.0
Slide 27: Backlog of Orders
5. Appendix Backlog of Orders FY23 FY24 (billions of yen) 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q Announced date (m/d/y) Aug/14/24 Total 827.2 836.8 892.5 890.7 909.1 938.0 908.7 Building Service & 61.7 74.6 70.1 60.6 65.0 73.2 60.6 Industrial Energy 173.6 182.0 220.4 210.1 232.9 235.3 210.1 Infrastruct
Slide 28: Revenue by Region
5. Appendix Revenue by Region (billions of yen) FY23 FY24 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q Building Service & Industrial 53.0 106.5 161.8 222.1 56.5 114.7 Japan 23.6 45.2 66.3 94.0 26.1 48.7 Asia (excl. Japan) 13.5 29.0 46.4 62.0 12.8 29.7 North America 3.6 7.8 11.8 15.5 4.0 8.8 Europe 5.9 12.3 17.7 23.2 6
Slide 29: 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 S&S Revenue 10.8 21.7 31.5 49.9 14.0 26.3 Building Service & Industrial S&S Ratio 21% 20% 20% 23% 25% 23% S&S Revenue 21.4 46.2 67.8 96.4 22.1 44.2 Energy S&S Ratio 60% 58% 57% 58% 51% 48% S&S Revenue 1
Slide 30: Balance Sheet
5. Appendix Balance Sheet (billions of yen) FY23 2Q FY23 4Q FY24 2Q Change Change a b c c-a c-b Total Assets 852.7 913.9 968.8 +116.1 +54.9 Current Assets 594.1 648.3 677.2 +83.0 +28.8 Cash and cash equivalents 143.6 148.0 178.4 +34.8 +30.4 Trade receivables 228.6 263.2 246.8 +18.1 -16.4 Inventories
Slide 31: Cash Flows
5. Appendix Cash Flows (billions of yen) 1-2Q 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 52.1 64.2 +12.0 70.0 70.0 -0.0 operating activities CF from -15.9 -16.8 -0.8 -35.6 -73.0 -37.3 investing activities FCF 36.2 47.4 +11.1 34.3 -3.0 -37.3 C
Slide 32: CAPEX, Depreciation and Amortization, R&D Expenses
5. Appendix CAPEX, Depreciation and Amortization, R&D Expenses 1-2Q 1-4Q FY23 FY24 Change FY23 FY24 Plan Change Feb/14/24 a b b-a c d d-c CAPEX 16.0 27.4 +11.4 40.6 72.0 +31.3 Building Service & Industrial 3.4 3.5 +0.0 9.5 14.0 +4.4 Energy 2.2 4.0 +1.7 6.5 17.0 +10.4 Infrastructure 0.2 0.8 +0.6 0.5
Slide 33: ESG Topics
5. Appendix ESG Topics Integrated Integrated Report 2024 Release (Japanese Language) Report 2024/6 News release (Japanese language only) – English coming soon! <Key Points> - Value creation story showcasing our strengths – Visualization of conglomerate premium – Progress in ROIC management, includin
Slide 34: 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