Yokogawa Electric Corp. · TSE:6841

Yokogawa Electric — Q1 FY2004 Earnings Presentation

18 slides from Yokogawa Electric's earnings presentation, August 2004

1. Slide 1: Yokogawa Electric Corporation FY2004 1Q results

   17 3 1 2004 8 3 ©Yokogawa Electric Corporation 1

2. Slide 2: FY02 FY03 FY04 results and forecast

   FY04 FY02 FY03 FY04 (A) (B) (C) (B-A) (C-B) 3,608 3,905 297 4,200 295 3,288 3,719 431 4,000 281 16 183 167 300 117 0.5% 4.9% 4.4% 7.5% 2.6% 12 153 165 250 97 0.4% 4.1% 4.5% 6.3% 2.2% 262 243 505 150 93 8.0% 6.5% 14.5% 3.8% 2.7% 2 ©Yokogawa Electric Corporation 2

3. Slide 3: FY04 1Q

   FY04 1Q FY03 1Q FY04 1Q 905 993 88 677 764 87 21 16 37 20 14 34 34 3 37 3 ©Yokogawa Electric Corporation 3

4. Slide 4: FY03 1H / FY04 1H

   FY03 1H/ FY04 1H FY03 1H FY04 1H 1Q 2Q Total 1Q 2Q Total 905 981 1,886 993 1,007 2,000 677 988 1,665 764 1,036 1,800 21 68 47 16 84 100 20 52 32 14 66 80 34 31 3 3 27 30 FY04 2Q/ H 4 ©Yokogawa Electric Corporation 4

5. Slide 5: FY03/04 quarterly

   FY03/04 FY03 FY04 1Q 2Q 3Q 4Q Total 1Q 2Q Total 905 981 1,007 1,012 3,905 993 1,007 2,000 677 988 803 1,251 3,719 764 1,036 1,800 21 68 5 131 183 16 84 100 FY04 2Q/ H 5 ©Yokogawa Electric Corporation 5

6. Slide 6: FY02/03/04 income statement

   FY02/03/04 ( ) FY02 FY03 FY04 3,288 100.0% 3,719 100.0% 4,000 100.0% 2,037 61.9% 2,239 60.2% 2,368 59.2% 252 7.7% 269 7.2% 290 7.3% 983 29.9% 1,028 27.7% 1,042 26.1% 16 0.5% 183 4.9% 300 7.5% FY04 6 ©Yokogawa Electric Corporation 6

7. Slide 7: FY03 1Q/FY04 1Q income statement

   FY03 1Q/FY04 1Q ( ) FY03 1Q FY04 1Q 677 100.0% 764 100.0% 395 58.4% 436 57.1% 63 9.3% 71 9.3% 240 35.5% 240 31.4% 21 -3.1% 16 2.1% 7 ©Yokogawa Electric Corporation 7

8. Slide 8: FY03 1Q FY04 1Q

   FY03 1Q FY04 1Q ( ) FY03 1Q FY04 1Q 20.9 16.4 6.2 9.0 5.8 11.3 20.5 14.1 1.5 0.8 11.7 8.9 30.7 6.0 3.8 2.9 34.5 3.1 8 ©Yokogawa Electric Corporation 8

9. Slide 9: Results by segment and region

   ( 65.5% 65.7% 53.1% 52.5% 55.9% 41.4% 43.5% 47.0% 50.5% 48.5% 37.0% 48.4% 33.9% 40.1% 34.8% 2,054 1,737 1,665 1,551 893 590 690 575 1,097 913 869 764 752 532 442 556 456 1,147 1,161 406 380 422 432 976 975 363 311 330 169 203 274 126 471 565 372 413 216 180 358 253 237 229 245 114 94 02 1H 02 2H 03

10. Slide 10: ©Yokogawa Electric Corporation

    ( ) ( ) 993 905 126 818 119 59 764 115 31 677 123 42 306 244 588 115 37 203 118 26 49 190 274 121 458 511 502 300 346 330 10 ©Yokogawa Electric Corporation 10

11. Slide 11: FY03 1Q FY04

    ( ) 16 FY03 FY04 0 1Q 1Q 21 74 35 15 1 14 0 8 8 35 27 11 14 18 1 14 18 4 20 15 0 0 0 40 21 16 37 3 FY02 FY03 FY04 1Q 1Q 1Q 11 ©Yokogawa Electric Corporation 11

12. Slide 12: Balance sheet

    3,974 3,933 3,974 3,933 3,647 3,515 350 3,647 11 394 11 3,515 482 389 996 993 1 1 921 1,170 1,087 961 1,028 804 521 639 1,375 1,338 432 598 109 152 1,242 1,262 183 153 919 914 323 323 878 866 323 323 354 354 522 529 353 353 444 505 926 925 200 199 374 373 642 616 FY02 FY03 FY03 FY04 FY02 FY03 FY03 F

13. Slide 13: Cash flow

    FY00 03 250 200 CF CF FCF 150 114.2 100 83.0 70.4 55.3 46.9 50 18.3 0 58.9 12.2 23.5 18.7 -50 30.5 -100 -150 101.7 FY02 FY03 1Q FY03 FY04 1Q 13 ©Yokogawa Electric Corporation 13

14. Slide 14: Quarterly trend

    2,200 2,200 2,019 2,000 2,054 1,778 1,830 1,886 1,800 1,737 1,665 1,551 1,012 1,007 981 1,251 960 988 2Q 1,036 1,111 988 4Q 2,200 963 2Q 2,200 2Q 4Q 2Q 4Q 4Q 2Q 2Q 842 905 1,007 993 818 677 803 764 588 626 1Q 3Q 1Q 3Q 1Q 1Q 3Q 1Q 3Q 1Q FY02 1H FY02 2H FY03 1H FY03 2H FY04 1H FY04 2H FY02 1H FY02 2H

15. Slide 15: Quarterly trend by segment

    1,180 1,180 1,097 1,064 1,039 1,070 947 979 943 920 869 553 498 568 752 700 489 552 2Q 2Q 4Q 620 523 590 2Q 4Q 1,180 1,180 452 2Q 4Q 2Q 4Q 2Q 511 541 502 458 427 397 300 323 346 330 1Q 3Q 1Q 3Q 1Q 1Q 3Q 1Q 3Q 1Q FY02 1H FY02 2H FY03 1H FY03 2H FY04 1H FY04 2H FY02 1H FY02 2H FY03 1H FY03 2H FY04 1H

16. Slide 16: Quarterly trend by segment

    600 580 577 580 556 550 476 428 294 422 432 416 302 2Q 298 276 232 339 2Q 225 193 242 2Q 4Q 2Q 4Q 580 301 4Q 580 208 2Q 2Q 4Q 275 306 274 223 244 258 203 190 121 131 3Q 1Q 1Q 1Q 3Q 1Q 3Q 1Q 1Q 3Q FY02 1H FY02 2H FY03 1H FY03 2H FY04 1H FY04 2H FY02 1H FY02 2H FY03 1H FY03 2H FY04 1H FY04 2H 16 ©Yoko

17. Slide 17: FY04 1H forecast

    FY04 H FY04 1H ( ) 2,000 ( ) 230 1,800 FY04 FY04 FY04 Q H H 100 240 90 600 1 37 42 5 100 550 0 35 66 66 0 66 18 3 8 5 1,070 0 0 0 0 920 16 100 100 0 42 8 17 ©Yokogawa Electric Corporation 17

18. Slide 18: Yokogawa vs TOPIX share price

    200 150 100 50 0 00/3 00/6 00/9 00/12 01/3 01/6 01/9 01/12 02/3 02/6 02/9 02/12 03/3 03/6 03/9 03/12 04/3 04/6 04/8/2 Yokogawa TOPIX 03/6 100 00/3 00/6 00/9 00/12 01/3 01/6 01/9 01/12 02/3 02/6 02/9 02/12 03/3 03/6 03/9 03/12 04/3 04/6 04/8/2 Yokogawa 954 1,060 991 965 1,100 1,110 863 1,045 1,059 93

Yokogawa Electric — Q1 FY2004 Earnings Presentation on 6ix