Slide 1: ESPEC CORP. investor briefing
ESMEC AEF I—-K6859 TANY7RAS 4A 201 45F8( 201 553A HA) RARMWAS 201545218 Wwww.espec.co.jp ESPEC CORP.
Slide 2: Fix
Fix Sis 201448 RARE 201458 tIxvb EIA 2015SfE #2ite 2015R Brig ESPEC CORP. 1
Slide 3: Company profile
Sime AMIS TMROSHE WARE OR INIT x—H— Sue IZN79 RASH aa), AREER AM IE Kw 3-5-6 tz BH HR (ULE #ede) Als AA 19475F( BRA 225F )7 A258 RIS AA 19545F( R429 )1A138 Az 6.89587 FT ARMBM 23,781,394 — HES AK 1,338 (ie) BRAB nM Ras. LF D—-FT NTA $B -FPD MERE. HMLRORE- Ws. P7Z—-V—-EA, RTRMREC (2015473531 ARTE)
Slide 4: Group companies
FO—-NRYEI—-F #ean 104 BARYKI-F HAMAR 260M (954631, GIA 4 3) 43AH33# Bantee 482 a A >, at 4° AESPEC EUROPE GmbH J Par OL REM ARENA BAT] — , a O@R HT RIS (be) ROA @ESPEC NORTH AMERICA, INC. TAK 5HH ORME (LR) ARAA @LANYIFRLY AFL ARM se ARE (Lie) BARA Al \ J OLRAy TAI , @ESPEC (CHINA) LIMITED { »~> @LAK
Slide 5: TOPICS
TOPICS GHEE TFJO-NVoIyVFkY SER1 OOK, (CRE € PA #2 ry SOMME eye ft < © : 3 « ei eceeu tii 43 B74 ete 455 PR TSt GH Ge R PZ GER fA" gy MaARLARS of 7 UI Rt $7532 = AR u 8S 1 S isaee a TSehA x REL FNM MESBEBISTII ALA XERRMIEN, BROWASIRCGSBRERETSTCET HORROMMHREEU, HRRAAOM Le Bi TRAERAOM Hs ESPEC CORP. 4
Slide 6: Business and products overview
PRE ( SSO ks / Ae ) ERERS eee eee ee “RED RARE SERRE WARM Ce ee mtr RRR | NZDF EY IS— ve ERE, RE Rae # cameo AE EEE Rap a so ‘RE EACRRE pritirie tte sai) S iG re eee SHEP ie AREA GRE ABU £2 . Wyte SE HE, 1H FCO ER EKG HMDZTA | AE BASE. FRG a BRNIV—VA-Ty *LCD -+E(PI—I- FPD EGS em R500 2)—Yt-7v AMMEL
Slide 7: Fiscal 2014 results
201457 RARE ESPEC CORP. 6
Slide 8: Results overview
AR Re MRE Bls, TN TORRCIA DEA LE CH BS Lal. BAIS: BHC ee FE, ARAL CHM “BA AREO tm MRR cols ees AAG LR alSH A CHVMMOKBCMSERIST t PEP S, BHO. PRT SHSiM RAS. RNAOM HAA, REFS CHO MCH ARE BERR, HRBOR ESR mA CHOKKH, WML T27.3 418 MAGA BIS. aT BiA 56 Fie Bal 1447419 ESPEC CORP. 7
Slide 9: Consolidated results
iat O)4Ki (BAB) 31,760 36,287 [ 14.3% 32, 099 33,661 [ 4. 9%| (6.6% 64.1%) 0 9% 10, 731 12,094 12.7% 8, 654 9,450 9.2% 2, 077 2,643 { 27.3% 2, 370 3,044 28.5% 1,570 2,118 [ 34.9% ESPEC CORP. 8
Slide 10: Operating income change
et at 1S AS aT (anm) weer . [| Bax =—33— | YEAR ‘57 A247 ag Mtowwe a n139) 8 ba > ESSN Mt ORS Och + -~ — J va \ yD 577 783 | A796 2,643 2,077 i ! ' LoWRICeS RGeoRB = eos RLBAROMR kSRLBAG Oia 2013 > 207458 ESPEC CORP. 9
Slide 11: Orders and backlog
RE -ArOwReA ai BEORB 417-1723] 319.798 21 id je ce OE 16 2) t zs © 8 ft ® i | an # a = # fe Rf = & » # -g £ a ia 4a z& zi = 46,792 = 43,031 Et | Afi- REO — 46,792 jog 2 * SHB ROSH Son 20135 2014%R 2013%R 20145 ESPEC CORP.
Slide 12: Cash flow
. 4 Frvvs70—O%K st A = «HC CR - CRA WMS EPOP! 246013 > KRREHCERE MPO ts ved H<RRCER ROBMHCBE roe" RuewCe ES 4 = Rate O48 SP Fe BH fe eR ee HEAAT- J a 4 o Oo i) uu a. n uu
Slide 13: Fiscal 2014 by segment
20145E LIXVEGID A ESPEC CORP.
Slide 14: Results by segment
BAIXAKEIO AK cs 25, 271 29, 399 25, 831 26, 992 4.5% 1, 625 2,178 34. 0% 5, 288 5, 589 5. 7% 5, 168 5, 541 7.2% 504 430 A14. 6% 1,375 1,527 11.1% 1, 267 1, 350 6. 5% A52 34 - A174 A227 - A168 A223 = AO Oo - 31, 760 36, 287 14. 3% 32, 099 33, 661 4.9% 2,077 2, 643 27.3% ESPEC CORP.
Slide 15: Net sales and operating income change
SHRMACHHRAOLARD IH [| Rese {| v-e2mR [il tomes Le Salt (BAB) 33,661 2,643 32,099 2,077 ——— —~— ——_~— —~— 1562 201358 lm> 2014 201358 cuump> 2014%m BTN TORRE O RBSRAAS<CKAMLIGS ESPEC CORP.
Slide 16: Segment commentary
Rie SRC inlet Ras BEANO bls. sa AE OR eR inld. VIER TLaCtCMMel eS HASLSmls, VERS MME THMLAATL AS MMOKBICRIST Bight hisos bls. 1240 HE POPPA ORLA. PRFSHSi8M RAO, KASS HCE B Rim clecHlk, em LtY-FINAAZRE BERRA ARSKOKMEHMHRE. LELMRREBORTERS B/N 7-48 4OF MREMBRCHKBL, Se TLhacle. mM +S CR BRE BHEOLSAA-A—?
Slide 17: Segment results
Re RRA XYL (BAR) 20145 ESPEC CORP.
Slide 18: Services segment
Y-EARRUAXVb (BAP) 20144 BORALG 5, 589 5.7% 5, 541 7.2% Seat 430 [FUSES (%) ] [7. 8%] A14. 6% Rite whMcColc MMs ARB PwC CEADTANII YT SRG RICEBL, Bite whecelcieM ESPEC CORP.
Slide 19: Segment results
EO HhFRLI XL (BAF) 2014 20138 = aN 1,375 1, 527 11.1% 1, 267 1, 350 6. 5% BA et A52 34 [a3 (%) J [A4. 1%] [2. 5%] WRLYYIP VY BML BRR LY IAP UY IOR OS PHM LBSRAS AHS Bie TLBCUcwM. WRENS OMBLERAS ESPEC CORP.
Slide 20: Sales by region
Th 5G _E tes Ae be # tk (REBR) ozoene ao77 os oy 100% 80% | : . . 60% + : " : 40% Ff 20% F 1 12 10 10 0% ; ; THe 1) by) gh Te a7: V¢Tiis Fihin - STas his Bathe 2010SFR 2011SFRE 20125FRE 20135FR = 2014FE ESPEC CORP.
Slide 21: Sales composition
iis bl sc_t ie Ae Lb 2013%EF 2014 ig 5-50 + mlb: 38. 2% #95+-50_F lbs: 40. 4% 1. 3% 14.1% 1. 8% 14. 1% 3. 8% see che 3. 5% 2013 ie m BRK 201 4%E 14. 5% aR ESOT 5. 4% 61. 8% EtOH 31% |S Be 59. 6% 3. 5% 1. 3% 2.1% st 32, O99BAR Ht 33,6618 (e755 bi: 12, 25285A) Ceotse big: 13, (098A) ESPEC CORP.
Slide 22: Fiscal 2015 forecast
201ISFE #258 ESPEC CORP.
Slide 23: Fiscal 2015 forecast overview
201SFR SiR Bie 2014#E Rie colin 33 6faA oe Flat 2 6 fa Behl ae 7. 9% ESPEC CORP. 20158 Bim 35 Offs 2 8 fF 8. 0%
Slide 24: Forecast results
(BaF) a= mma MAL Es ee 18,500 36,500 6% LE ae O. 33, 661 16,000 19,000) 35, 000 4. 0% 2 soba at 12,094 5,740 6,660 12, 400 [FUER (%) ] (35. 9%) (35.9%) (35.1%) (35. 4%) Behl 2, 643 1,000 1,800 2,800 5.9% [ASE (%) ] (7. 9%) (6. 3%) (9. 5%) (8. 0%) oA ernie 3,044 1,100 1,900 3,000 4 5% [A eee (%) ] (9
Slide 25: Segment forecast
Rie PRETAX (BF) BRA a 850 1, 450 2, 300 [ABER (%) | [6.6%] [9. 5%] [8. 2%] ESPEC CORP.
Slide 26: Services segment forecast
Y-EARRUIXVA (BAR) 5, 589 2, 900 5, 541 2, 700 3, 100 5, 800 4.7% ia Eo BRA 430 200 300 500 [FURS (%) ] (7. 8%] [7.4%] [9.7%] [8.6%] 161% ESPEC CORP.
Slide 27: Segment forecast
EO BREIAY/ (BAR) Fb 600 Rit 1,527 600 - 1, 350 500 700 1,200 <A11.1% ae tiny 34 A 40 50 10 (Uae (%) | [2.5%] [A8. 0%] [7.1%] [0.8%] 470.9% ESPEC CORP.
Slide 28: Capital investment and R&D
Bc 5 ee 30 20 10 RENAESEN OM MET EES OBRRAON—IORATSCCHC, KEENE ERMEOMLARE MEMLOBACHA, HSM CaS EMeMRL CRE (FA) | nF —RAKVRAES rm) ATA jail 201157 RE «201247 RE 20134F KE 2014 FE 21st (BAR) 3,000 2,000 1,000 i Ree Bt 4% A ) SRBC un Seam © 4s Cat) 2,100 | 1,929 2,118 1,570 1,219 L 1 |} 20114F RE 20122F
Slide 29: Fiscal 2015 initiatives
20153 Bris ESPEC CORP.
Slide 30: Fiscal 2015 initiatives
2015SFR Bris HE ra BH 1 HB ra ED 2 JW—- TREO BC ESA EE] - ASEAN @ Pace L% ACR nae 2 — Sy b OL TET OREM ELKERMAROMK EARORA ERRES PUES SY) CIT Ze SRE OME WRAY —EAOMHE $n Bl aa BSE ESPEC CORP.
Slide 31: 1-1 Strengthening ASEAN
1-1 Mob COR LIK a: / KI TMBAOR MY A bE + Cc P ade “ A I< & SASEANTHIS OD BRB \ Yen IZANy i « va o OO 4A HBA BWT 7 CF 201 6S RESEE MER — ARAN \ 5 ESPEC SOUTH fst ASIAC HIE.) (cla) lt % fe i et KARSCHL RO RR Ch IDA) ESPEC CORP.
Slide 32: 1-2 Thailand hub
1-2 JoO—/\voeR—k ARADEOD, ARB LSFI-=AWYR—b 2015#~ ASEANT7=AIb ty3a—-(2T) 2013%~ ASEANY#—bh327 BS FO—INIb HDFAI ASEAN BR tv AFA ESPEC CORP.
Slide 33: 1-3 Initiatives
1-3 MoT TORR / - - 7; KIZANY IRR 4 e RES cA T2877 LW) Oo anyy EBIANYA( 4B) TANI7 ER EE) & ‘ 4 —— » KARTE El OO Fle K SATE a ‘ (EMLANY TOESFSHE) \ ‘ * ee . ESPEC CORP.
Slide 34: 2-1 Initiatives
2-1 WR RRS TS COR ROMA &> + tk Be Bean. (C#ion. (hb-ay GBS) Rawtke LIY-FNIARB RRS <HROBR> IL7 bO_~FA®% dish | Ai! Sars baie Be Sa Sa ESPEC CORP.
Slide 35: 2-2 Initiatives
2-2 Me Ries CORR ROMA LT P-FNI ABR RA : — RB. NI— RAB. ARB “REP RMRED I vty Tis in (SH) ‘LF P-FNT ABRAM » Sty —EAD SECIS - REEY — +H. EADHEX “REHFGARE —RECRSERREE ESPEC CORP.
Slide 36: 2-3 Initiatives
2-3 FAIAZ-KIPreNVRNSH CRE BHIS SY -FNTARRRRMT. LAA-HAO RB ES AEA AUTO ER BEEP -E AS IV AKY 7 Cie Seq : 20142510108 ' ARGH: 2015F10A ESDEC piss LIP-F INARA FRE) ESPEC CORP.
Slide 37: 2-4 Initiatives
2-4 MR RNB THE TORR MLOMA WHR : Ron. (CHa. on, Res RR mA Reta - AROMA ‘RmORPARIOBLE {Eien 1B ii (Ss OD AEA RECRRE ESPEC CORP.
Slide 38: 2-5 Initiatives
2-5 Mae REBT COBRA ‘AAZLRMAOMBLX » RitMRY —EADFER ‘ EnA€1y hO-Wt SHEERS EA+RH+ BES(CtBR RERDEARARRERE ESPEC CORP.
Slide 39: Initiatives
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Slide 40: Quality is more than a word
Quality is more than a word ESOEC ESPEC CORP.
Slide 41: Contact
CORES. SHOMEDHHPRAABLECABENTHET. CHNSBROHH? HMMS. REAF UM RCRRESC, HatAsto-PAMLLENTHVIET. RRORMECIS, SRORVERE- BRICLVCOHMECCS RESBAMS!), CORASTORMEBHLE!), REET SEO Tt CEWEA. [SHU Bhs) LANYFRNSAL 7530-8550 APRIL KMw3-5-6 TEL 06-6358-4744 FAX 06-6358-4795 e-mail ir-div@espec.jp a3—#L—-bassa=7—Y ay BB
Slide 42: Appendix
Seat ESPEC CORP.
Slide 43: Company history
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Slide 44: History
BROKE balan Chg 2k Be ern le Fos ie | Laxexis I SRLIC) FIGITIINIUIFBAAHE GT 1975 ~~ 1985\ 198236 1986% SECRRRE FPD Sit BHSA BRSA Mi) 7) | HMYATA BRS
Slide 45: Products and test applications
(ie Se iets =RBR CUSYTU— ABDRORRE D-TEF—-Yay ECU Ba BR a OD Fd 1: Se £5) ESPEC CORP. FINTZ Caseey> Bs [W9—FIST2) BSMBSRR: -—400904+125C AMESRE RH | MSGR: +175. +85 Ch) 4a-Fv oi BN\- Lt VRB N-YtVRE (BRtyy—) ae BShOREY17 RR: —40004+110C Ria 7IFF2Z)/A-TY BSAKHIROREBERMR: -—30C5+85CHU=7EE | NYY RE- ARBE
Slide 46: News releases
(RB SSR Row 2015#2F Gintama *RimORTitaz “Ran (CH mORM Gis aR 2014115 ARBSREBTSAYVI—ZA mMOIVbhO—F—-4ERL, HEEL 2014115 PRINSYARG—IFAFAB— ““REWHOSBORSHMRE1 ACRE 20147115 PRISYARINI FU —FeyiN— ““REHOKMBSHRELUBRElC Next BE MWCeSbnte 2014775 FThANy7 SRR °100V 115A CiH#HRA 2014785 )\PRARRERRS—v7 to -—-85CH
Slide 47: TOPICS
[ie S5 TOPICS PT )\ GER ae | 7 2014FE9Y KFUTYVReERARLELE REERISFT RUS U—Zicme, NEE < GOOD DESIGN Yf AWARD 2014 MRRE OY KTV TV RESRLELE. 1—-Y¥—-THSZSMRAPLYVIVIAP AMARA S MAMBREtZIRT SEO. AYNDRERF slc MECRRLEAY, ABRECSHGAT ave —Mto TF TV LARMRMASNELA. ESPEC CORP.
Slide 48: Product topics
(RBS) LIY-FNARBOMESGHI FMB 1 Fete NMT7VIKAHRSPSABHRCORUKAMERICM ONSVUFILIAVOIR Biko REteAas LONOKE MBH 4 FIV ee Xx RBHOVECHRED PENPALS FU—FAS— ESPEC CORP.
Slide 49: Product topics
(Rese) +SCRMEREOME SHH | #EKT NARSORRRE LEICA. ARMERALMMRACRR NYY Fey N— bonne eneeneneast bovoneneanansnenennenenanenn TEN GH) MA eR MUU RMAC TC. (SRC RRA GA ee re AEE RBANAR A ESPEC CORP.
Slide 50: Product topics
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Slide 51: Services topics
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Slide 52: Services TOPICS
[Y—-EARR TOPICS RH) |= RS REE] Z€AR—kb 201581 A, SSC OEMS LUTE GE BOMTSEHlK, (DRAS I Bb JeF—T—-KIE SSERIOR in Mi REESZAZ—b ORR in Av OA LER REBT SFFAIYU—ZX PRGBRESAY V-ZX ESPEC CORP.
Slide 53: Services TOPICS
[Y—-EABRITOPICS Fat hase L HPO maa is = A TLS P-FNA AMR = MR 20139611, Fae BRATS H Alc BURR IFY—-F NAO MER LEMAR (LFP—F NAR: LBL, NTA, ARE <A BOOED C Sh BB HE Hs TRH) (27 RIL- FERRER THR) RA BT 4kA CHG EID SN ID BRE TH ESPEC CORP.
Slide 54: (TOF) MRI VIP VY?
(TOF) MRI VIP VY? M RO<4) tt Bt TF —SICLSMERE. MH RFEREAWEBLORI<) BxkiDS<4) KEMMERALK, AE T. Bee OREM, EME MB BrmiRit E-h7P TS EKRROBAMICMRNSAICS SBL-BRMILYATS MALBRR BVORMICUREH: MRE RICE BBlCIVhO—)VL CMe COM HR ANVATLELURE AYF THM LS 7P¢hhay ESPEC CORP.
Slide 55: TOPICS
([EOtkhS5) TOPICS MIE DRAKA T ARIA ARES LIS) Ae 2013835 TANY7S7IHRMMALECEALHB BEML RRORLECRAOR RICH CT. PROLBEAR—b ESPEC CORP.