Ushio Inc. · TSE:6925

Ushio — H1 FY2009 Earnings Presentation

13 slides from Ushio's earnings presentation, Oct 29, 2008

1. Slide 1: Lighting-Edge Technologies

   Lighting—€dge Technologies

2. Slide 2: Consolidated results summary

   2008473 Ai ex) tH 20084F3 Fi Hi st BSE a ts cle 743 A8.5% 1,481 a a 80 § 425.1% | 200 een 130 10 BPE 233 FR (2008.07.31 A) 4 MALS 8s «6 —Ea 154 FELMMRAGE 14.5% 11.3% 13.5% 13.5% HL MMAGR 17.6% 14.1% 15.7% 16.1% FL AMBRE 11.5% 9.3% 10.5% 10.5% EPS 61.97 48.299 [RRs 112.969 117.079 ROE 5.0% 4.0% 9.4%

3. Slide 3: Consolidated results trends

   CE) SRENA—ZORF BRA be at (48FA) 18.3% (arn 15.6% 14 74, 1,000 -- 150 1 3.9%14-5% 14.5% 14.8% @—-O BRAKE USHIO Lighting—€dge Technologies

4. Slide 4: Income statement analysis

   soe A85 oo. gmeens -aeithe 31 eco OM ecccee 4 ik coos peg OEE » cccceeeeRoceene EOD AH ITEM BEE 3... RBERE A?21 cccccceesoooooos MEAG BASE PERE « LO HHO BEE @ B&AR (7A) 2008/3 2008/9 FEL 3.2 3.1 RGAE 2.4 2.8

5. Slide 5: Balance sheet and equity ratio

   1m (189) 3 2,166 2,170 Al sesesnnssaseonse HFM + BS occcccce us TOwHAsa wR saaseseacesaeees Been 11 BB BCRALH 2008/3 2008/9 74.3% 74.7% 2008/3 2008/9 USHIO Lighting—€dge Technologies

6. Slide 6: Consolidated results trends

   (fF) GE) BREN A—2ORF 2006/9 2007/3 2007/9 2008/3 2008/9 USHIO tisnting—eage technologies

7. Slide 7: Results by segment

   CE) SRE N—2ORF TL Be Flat 5 2 0 AA H+ = (ALK) CF YP) (BR) BA OMB CER) (CP DPF) (BR) 5 2007/9 Mm 2008/9 (8 2007/9 mm 2008/9 USHID tighting—eage technologies

8. Slide 8: Results by segment

   et (abAR) (F YF) CE) SREHA—2ORF mm 2007/9 mm 2008/9 (Bey) = C&M Ht) USHID tighting—eage technologies

9. Slide 9: Capital expenditure and depreciation trends

   RIA MAR PARMA (fF) li EE RKRAR Po eae 80, 60; 40 = 35 20+ 2005/3 2006/3 2007/3 2008/3 2009/3 2005/3 2006/3 2007/3 2008/3 2009/3 (F#) (FE) K4RAO 200943 ASMRCIMOSELT. BMPESAH. LMRMSEN MMe ZotTHYVET. USHID tighting—eage technologies

10. Slide 10: Results by region

    2007/9 GE) SREHN—ZORF (470) 2008/9 See DU —#¥ y Ya 7oO— ecce ie Prt 1] * ( ) AISATSE RL WRRSRA 251 WARRRE 291 WERRRR 277 WARRRE 290 USHID tighting—eage technologies

11. Slide 11: Cash flow and balance sheet changes

    (BAP) BRM at SAB SINAC & EHH BRARA 2007/9 593 427 2,037 RAS EM th BRAM GE) SRAM A—Z2ORF 2008/9 Pa 537 A56 475 47 1,834 A203 1,021 293 226 59 795 234 KAC-—Vid, BHARME DY CHMERRLTWET. USHIO Lisnting—cdge technotogies

12. Slide 12: Sales trends

    3,000 2,000 GE) 4 WRAR 20064F3 A 20064F9 A 200743A 4 200749A 20084%3A 20084F9F 2A Ee @—e at USHIO Lighting—€dge Technologies

13. Slide 13: Lighting-Edge Technologies

    Lighting —€dge Technologies

Ushio — H1 FY2009 Earnings Presentation on 6ix