Slide 1: Results Presentation for FY2024
Results Presentation for FY2024 Ended December 31, 2024 EBARA (6361) February 14, 2025
Slide 2: Table of Contents
Table of Contents Key Points of Results P3 4. . Progress of Medium-term P21 1. FY24 Summary of Results Management Plan E-Plan 2025 ・Consolidated P5 ・Segment P6 5. Appendix ・Breakdown of Changes in Operating Profit P7 ・Consolidated Forecast P31 ・Revenue by Region P8 ・Orders P32 2. FY24 Results by Seg
Slide 3: Key Points of Results
Key Points of Results FY24 Results FY25 Forecast Results YoY Change Vs. Plan* Current Plan YoY ¥39.9 B. ¥-4.4 B. ¥79.4 B. Orders ¥860.5 B. +4.9% → -0.5% → Orders ¥940.0 B. +9.2% ↗ ¥107.3 B. ¥24.6 B. ¥33.3 B. Revenue ¥866.6 B. +14.1% ↗ +2.9% → Revenue ¥900.0 B. +3.8% → ¥11.9 B. ¥10.9 B. ¥3.5 B. Opera
Slide 4: FY24 Summary of Results
1. FY24 1-4Q Summary of Results 2. FY24 1-4Q Results by Segment 3. FY25 Forecast 4. Progress of Medium-term Management Plan E-Plan 2025 5. Appendix 4 Copyright(c) Ebara Corporation, All rights reserved
Slide 5: Consolidated
1. FY24 1-4Q Summary of Results Consolidated (billions of yen) FY24 1-4Q Plan FY23 1-4Q Results FY24 1-4Q Results Change Change % Deviation Deviation % Nov/14/24 a b b-a (b-a)/a c b-c (b-c)/c Orders 820.5 860.5 +39.9 +4.9% 865.0 -4.4 -0.5% Revenue 759.3 866.6 +107.3 +14.1% 842.0 +24.6 +2.9% Operatin
Slide 6: Segment
1. FY24 1-4Q Summary of Results Segment (billions of yen) FY24 1-4Q Plan FY23 1-4Q Results FY24 1-4Q Results Change Change % Deviation Deviation % Nov/14/24 a b b-a (b-a)/a c b-c (b-c)/c Orders 820.5 860.5 +39.9 +4.9% 865.0 -4.4 -0.5% Revenue 759.3 866.6 +107.3 +14.1% 842.0 +24.6 +2.9% Total Operati
Slide 7: Breakdown of Changes in Operating Profit
1. FY24 1-4Q Summary of Results Breakdown of Changes in Operating Profit Revenue growth and improved profitability outpaced the increase in fixed costs, resulting in higher profits (billions of yen) • Improved project mix in Precision Machinery (+) • S&S Sales up in Japan for Building Service & • Im
Slide 8: Revenue by Region
1. FY24 1-4Q Summary of Results Revenue by Region 290.6 Japan 271.3 +7.1% 575.9 +18.0% Overseas 488.0 190.2 +44.2% Others China 131.8 Middle East 4% Japan Europe 5% Taiwan, Korea and 129.1 34% 139.7 -7.5% 6% other Asia 123.6 North FY24 1-4Q North America 80.9 +52.8% America Revenue 14% Composition 5
Slide 9: FY24 Results by Segment
1. FY24 1-4Q Summary of Results 2. FY24 1-4Q Results by Segment 3. FY25 Forecast 4. Progress of Medium-term Management Plan E-Plan 2025 5. Appendix 9 Copyright(c) Ebara Corporation, All rights reserved
Slide 10: Building Service & Industrial
2. FY24 1-4Q Results by Segment Building Service & Industrial Results (Billions of yen) Key Changes (vs. FY23 1-4Q) Orders Revenue Market GDP growth rates slowing in Japan, China, and Southeast Asia, FY23 FY24 Environment but recovering in North and South America 244.4 238.1 184.5 221.3 222.1 Ch
Slide 11: Energy
2. FY24 1-4Q Results by Segment Energy Results (Billions of yen) Key Changes (vs. FY23 1-4Q) Orders Revenue Market Continued activity in the downstream petrochemical market, mainly in North America, Asia, and the Middle East FY23 FY24 222.7 222.7 210.4 Environment No major changes in the North A
Slide 12: Infrastructure
2. FY24 1-4Q Results by Segment Infrastructure Results (Billions of yen) Key Changes (vs. FY23 1-4Q) Orders Revenue Market Domestic public pump market remains steady FY23 FY24 56.6 60.5 51.1 Environment Investment in advanced disaster prevention, and aging 50.1 measures in line with the "Five-Ye
Slide 13: Environmental Solutions
2. FY24 1-4Q Results by Segment Environmental Solutions Results (Billions of yen) Key Changes (vs. FY23 1-4Q) Orders Revenue Market Demand in Japan for new construction of waste treatment plants FY23 FY24 Environment for public use remains stable 100.8 87.4 71.5 71.5 58.263.1 2 large scale proje
Slide 14: Precision Machinery
2. FY24 1-4Q Results by Segment Precision Machinery Results (Billions of yen) Key Changes (vs. FY23 1-4Q) Orders Revenue Market Increased demand for generative AI is driving recovery in FY23 FY24 Environment customer factory utilization rates, through the resumption of 278.3 production investments
Slide 15: Precision Machinery Quarterly Trends
2. FY24 1-4Q Results by Segment Precision Machinery Quarterly Trends Orders (Billions of yen) Precision Machinery Components CMP Systems 27.0 30.6 24.1 18.1 20.6 22.4 24.0 25.8 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY23 FY24 Revenue (Billions of yen) Precision Machinery Components CMP Systems 15 Copyright(c) Ebar
Slide 16: FY25 Forecast
1. FY24 1-4Q Summary of Results 2. FY24 1-4Q Results by Segment 3. FY25 Forecast 4. Progress of Medium-term Management Plan E-Plan 2025 5. Appendix 16 Copyright(c) Ebara Corporation, All rights reserved
Slide 17: Consolidated
3. FY25 Forecast Consolidated 1-4Q 1-2Q (billions of yen) FY24 Results FY25 Plan Change Change % FY24 Results FY25 Plan Change Change % Announced date (m/d/y) Feb/14/25 Feb/14/25 Feb/14/25 a b b-a (b-a)/a c d d-c (d-c)/c Orders 860.5 940.0 +79.4 +9.2% 399.6 457.0 +57.3 +14.3% Revenue 866.6 900.0 +33
Slide 18: Segment
3. FY25 Forecast Segment 1-4Q 1-2Q (billions of yen) FY24 Results FY25 Plan Change Change % FY24 Results FY25 Plan Change Change % Announced date (m/d/y) Feb/14/25 Feb/14/25 a b b-a (b-a)/a c d d-c (d-c)/c Orders 860.5 940.0 +79.4 +9.2% 399.6 457.0 57.3 +14.3% Revenue 866.6 900.0 +33.3 +3.8% 394.5 4
Slide 19: Breakdown of Changes in Operating Profit
3. FY25 Forecast Breakdown of Changes in Operating Profit We anticipate achieving record-high operating profit while strategically advancing growth and infrastructure investments (billions of yen) 1. Improved profitability due to 1. Revenue Growth (+) increased S&S ratio (+) • Continued strong deman
Slide 20: Shareholder Returns
3. FY25 Forecast Shareholder Returns FY24, annual dividend per share scheduled to be ¥55 (+¥9.2 compared to FY23) FY25, annual dividend per share planned to be ¥56 (+¥1 compared to FY24) Dividends per share (￥) Consolidated payout ratio (%) 35.4 35.2 35.6 35.7 35.2 35.0 33.1 24.8 55.0 56.0 38.6
Slide 21: Progress of Medium-term Management Plan E-Plan 2025
1. FY24 1-4Q Summary of Results 2. FY24 1-4Q Results by Segment 3. FY25 Forecast 4. Progress of Medium-term Management Plan E-Plan 2025 5. Appendix 21 Copyright(c) Ebara Corporation, All rights reserved
Slide 22: Positioning of E-Plan 2025
4. Progress of Medium-term Management Plan E-Plan 2025 Positioning of E-Plan 2025 Achieve top-line growth primarily in Building Service & Industrial and Precision Machinery Businesses, while maintaining the high level of efficiency and profitability achieved in E-Plan 2022 E-Plan 2022 E-Plan 2025 E-
Slide 23: E-Plan 2025 Financial Targets
4. Progress of Medium-term Management Plan E-Plan 2025 E-Plan 2025 Financial Targets In FY24, we actively expanded production facilities, developed new products, and invested in systems to enhance our management infrastructure, leading to an increase in invested capital. Despite this, all key metr
Slide 24: E-Plan 2025 Financial Targets (Growth)
4. Progress of Medium-term Management Plan E-Plan 2025 E-Plan 2025 Financial Targets (Growth) Revenue (billions of yen) Consolidated Building Service & Industrial Precision Machinery 8,000 0.3 8,000 0.3 11,00 0 0.3 Target CAGR 7.0% or higher Target CAGR 6.0% or higher Target CAGR 15.0% or higher 900
Slide 25: E-Plan 2025 Cash Allocation
4. Progress of Medium-term Management Plan E-Plan 2025 E-Plan 2025 Cash Allocation In FY24, the second year of E-Plan 2025, we executed growth investments largely as planned For FY25, we will continue to actively invest in growth areas, particularly in Precision Machinery, with an eye on future
Slide 26: E-Plan 2025 Progress & Achievements
4. Progress of Medium-term Management Plan E-Plan 2025 E-Plan 2025 Progress & Achievements Progress in strengthening customer response capabilities and infrastructure, with synergies emerging across segments Progress & Achievements Implementation of target market-specific organizational structure
Slide 27: E-Plan 2025 Progress & Achievements
4. Progress of Medium-term Management Plan E-Plan 2025 E-Plan 2025 Progress & Achievements Creating New Business Opportunities through Synergies between Existing Technologies and Collaboration Inside and Outside the Company Progress & Achievements Promoting the development of high-value-added solu
Slide 28: Appendix: E-Plan 2025 Progress by Segment
4. Progress of Medium-term Management Plan E-Plan 2025 Appendix: E-Plan 2025 Progress by Segment FY24, Excluding the one-time impairment loss in Building Service & Industrial, the OP Ratio exceeded the target FY25, Although the OP Ratio for Precision Machinery, Energy, and Environment are expect
Slide 29: Appendix: E-Plan 2025 Non-financial Targets (Human Capital)
4. Progress of Medium-term Management Plan E-Plan 2025 Appendix: E-Plan 2025 Non-financial Targets (Human Capital) 2. Percentage of non-Japanese 3. Percentage of female 1. Global Engagement Survey score employees in GKP* employees in GKP* （％） （％） 2030 Target 2030 Target 86 2030 Target 10 50 E-Plan20
Slide 30: Appendix
1. FY24 1-4Q Summary of Results 2. FY24 1-4Q Results by Segment 3. FY25 Forecast 4. Progress of Medium-term Management Plan E-Plan 2025 5. Appendix 30 Copyright(c) Ebara Corporation, All rights reserved
Slide 31: Consolidated Forecast (FY25 3-4Q)
5. Appendix Consolidated Forecast（FY25 3-4Q） 3-4Q 1-2Q 3-4Q (billions of yen) FY23 Results FY24 Plan Change Change % FY25 Plan FY25 Plan Change Announced date (m/d/y) Feb/14/25 Feb/14/25 Feb/14/25 a b b-a (b-a)/a d e e-d Orders 460.9 483.0 +22.1 +4.8% 457.0 483.0 +26.0 Revenue 472.1 468.0 -4.1 -0.9%
Slide 32: Orders
5. Appendix Orders FY23 FY24 FY25 (billions of yen) 1-2Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q Announced date (m/d/y) Feb/14/25 Feb/14/25 Total 197.9 367.6 598.3 820.5 191.6 399.6 643.6 860.5 457.0 940.0 Building Service & 52.2 111.0 169.3 221.3 58.1 123.6 184.5 244.4 120.0 255.0 Indust
Slide 33: Revenue
5. Appendix Revenue FY23 FY24 FY25 (billions of yen) 1-2Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q Announced date (m/d/y) Feb/14/25 Feb/14/25 Total 184.0 363.8 551.2 759.3 193.8 394.5 604.3 866.6 432.0 900.0 Building Service & 53.0 106.5 161.8 222.1 56.5 114.7 172.7 238.1 120.0 250.0 Indus
Slide 34: Operating Profit
5. Appendix Operating Profit FY23 FY24 FY25 (billions of yen) 1-2Q Plan 1-4Q Plan 1Q 1-2Q 1-3Q 1-4Q 1Q 1-2Q 1-3Q 1-4Q Announced date (m/d/y) Feb/14/25 Feb/14/25 Total 15.2 33.7 56.9 86.0 19.2 39.9 59.8 97.9 42.0 101.5 Building Service & 3.9 6.7 10.4 15.7 4.3 7.8 5.5 10.3 8.0 18.0 Industrial Energy 1
Slide 35: Backlog of Orders
5. Appendix Backlog of Orders FY23 FY24 FY25 (billions of yen) 2QPlan 4Q Plan 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Announced date (m/d/y) Feb/14/25 Feb/14/25 Total 827.2 836.8 892.5 890.7 909.1 938.0 938.7 917.1 942.1 957.1 Building Service & 61.7 74.6 70.1 60.6 65.0 73.2 72.4 68.7 68.7 73.7 Industrial Energy 17
Slide 36: 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 1-4Q Building Service & Industrial 53.0 106.5 161.8 222.1 56.5 114.7 172.7 238.1 Japan 23.6 45.2 66.3 94.0 26.1 48.7 71.0 100.4 Asia (excl. Japan) 13.5 29.0 46.4 62.0 12.8 29.7 46.6 63.8 North America 3.6 7.8 11
Slide 37: 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 1-4Q S&S Revenue 10.8 21.7 31.5 49.9 14.0 26.3 38.2 54.3 Building Service & Industrial S&S Ratio 21% 20% 20% 23% 25% 23% 22% 23% S&S Revenue 21.4 46.2 67.8 96.4 22.1 44.2 69.7 100.9 Energy S&S Rati
Slide 38: Balance Sheet
5. Appendix Balance Sheet (billions of yen) FY23 4Q FY24 4Q Change a b b-a Total Assets 913.9 1,005.0 +91.1 Current Assets 648.3 705.3 +56.9 Cash and cash equivalents 148.0 171.0 +22.9 Trade receivables 263.2 287.9 +24.7 Inventories 200.6 205.9 +5.3 Other Current Assets 36.3 40.3 +3.9 Non-current As
Slide 39: Cash Flows
5. Appendix Cash Flows 1-4Q (billions of yen) FY23 FY24 Change FY25 Plan Change Announced date (m/d/y) Feb/14/25 a b b-a c c-b CF from 70.0 100.9 +30.9 80.0 -20.9 operating activities CF from -35.6 -48.5 -12.9 -100.0 -51.4 investing activities FCF 34.3 52.3 +17.9 -20.0 -72.3 CF from -4.6 -31.9 -27.2
Slide 40: CAPEX, Depreciation and Amortization, R&D Expenses
5. Appendix CAPEX, Depreciation and Amortization, R&D Expenses 1-4Q (billions of yen) FY23 FY24 Change FY25 Plan Change Announced date (m/d/y) Feb/14/25 a b b-a c c-b CAPEX 40.6 58.6 +17.9 105.0 +46.3 Building Service & Industrial 9.5 8.8 -0.6 10.0 +1.1 Energy 6.5 7.6 +1.1 15.0 +7.3 Infrastructure 0
Slide 41: ESG Topics
5. Appendix ESG Topics Awarded the “Energy Conservation Center Chairman's Award” in the Product and Business E Model Category of the 2024 Energy Conservation Grand Prize Environment 2024/12 News release (Japanese language only) Progress regarding Ebara Environmental Plant’s Chemical Recycling Pilot
Slide 42: 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