Slide 1: ESPEC Corp. Q2 results presentation
ESMEC AEAFI—-K6859 LANYIRAS 4 201 437 R(20153A H8) 2 +H RG RAS 2014411178 WWW.eSPeC.CO.jp ESPEC CORP.
Slide 2: Sue
ER Sue 2014 BS 20+h RARZ 2014 RR 2M+RRE CAAA DT 201472 ests PRES 'FOA9Y7 75720171 Sent ESPEC CORP. 1
Slide 3: Company profile
Sime AIC TRIM 7H HERE OR RNY 2—H— 2h @ LANY7 tUtStt a a WAL EM Abarh AE KA 3-5-6 tk F AH HM (ULE FESS) BFA 19472( FA#22 )7A 258 RUA 195455( BB#N29%F 1138 RAE 689585 STARNBM 23,781,394 HRA 1,354 (ia) BRAB GUS Re. LF —-F IN A-¥RK- FPR. BMLBORNE- Me. PIS—Y—-EA, BEARS (201459 F 30H RE) ESPEC CORP. 2
Slide 4: Global network
JO—-NAYNI—-F BARYKI-F mean 104 BAR 26 7PT (39546 #1. BIA 4 4) 43A7H3 34 Bates 48% a = J EU 73 Zt AESPEC EUROPE GmbH FRO 8! OLS MARMARA A us ‘ tena wise | Oxi RTMNRE Es) FRAN @ESPEC NORTH AMERICA, INC. Naas args OLN MARRAE (LR) BRAT ay ae ASMRRMBAR (ER) ARAR | - L 3 OTANI 7 * @ESPEC (CHINA) LIMITED ~
Slide 5: TOPICS
TOPICS CHER TFJOA-NbIyvyF ky TRH 1 OOK (CHE MAB H#RYry SOMME 7Sino Mats FFF REA—AI XERRAIEN, BAOWASIRCESRRERRTSCLT HORROMMHBCE. ARRFANOMLS AT RAEREOR 4 ESPEC CORP. 4
Slide 6: Business overview
FRE SO HG / Ase ) Bae fond tBQn THe Ax 20 45 OF “STim, mas Bek eb ed BTRe “R&D i Rae AMGRERE ARR ‘AE FR +E ERA | NADFevN— (RR bm, | EE. RE Raz REKAG IRB NDR Bete td ARB CREEKS 1 GRE ‘CRETE CRERRLAA ARE ABBA GRE “R&D Sib iba cari) ItY—FIMARE ‘ea NW-YTPRE EE “+E, RE FSRRSSE eae HEZ7L | BM mR, FG BEL—U
Slide 7: Q2 results summary
201 42% 20+58 RAERZ ESPEC CORP. 6
Slide 8: Results highlights
ARH Mit wls, TN COMREIA DABS A CH Bpbmlt, BAIS TRY LED eS Th elsIS OL. BOSE RAE TIS ee HA AMHORURSR mise ices AASLS MSHA THOM EM MOKA RTS t PEP OPS, SHE. PHPTSHS Ee RAS. RNAORHC ADE He POCKET SAA MAMamls, Mime OB vESR OAM CHORE, HE RIALET23.1 438 MPMaC ABs. HME HeS ALU Behe ESPEC CORP. 7
Slide 9: Financial summary
iat OAK; (BF) Ee | 2 | an Rite 15, 551 17, 418 16, 500 aLe 14, 039 14, 196 15, 000 LIA iii 9, 250 8,981 A2.9% 9, 950 5M 3 (65. 9%) (63.3%) (A2.6pt) (66.3%) 4, 788 5, 215 8. 9% 5, 050 4, 108 4, 377 6. 6% 4, 350 680 837 700 811 953 17.5% 750 PO 3? HA it Fl ot 503 590 17.2% 400 ESPEC CORP.
Slide 10: Operating income trend
oe Fl ot O38 ie RAS aT (an) plzmax ' t {l v-e2ne : WASOI_g_ tohee+ BA =A 20" ‘|40 ” [Ag8) | ee ee foal bE s WA563 ¢ BF 6S H H % H 8 8 fe mR 5 vu Ji J \ 4 S \ 4 65 361 A269 | 837 680 BLOWMKsS i RGHZORHC — BRO ALBNROwR i LSTA OR 201385 TT 20145 2Q%3t 2Qit ESPEC CORP. 9
Slide 11: Orders and sales
HE -AOwREAD (BAR) REO Af-RREOR 220° A86 A midi 411978 ott 8 Eval a m #8 a (oft in Wa. SEE R x & a Ros a # ft ‘3 > ft gf & = , = & £ EF RQ & ® ff 43,031 a8 i R ® 43,031 g z * ges 42,113 a & 42,113 2 ® is & 2013FRR 201438 20135R* 2014 20% 20% ESPEC CORP.
Slide 12: A » MHC ee
A » MHC ee oe R- EREWMHS Eeae! +401 — HERGCR aR HK<BRCRS RORMMCBE HHS RS = RESRe 7 aD 24H oP Ea ie Bl at Re HEANT SE TN | a a ° 1S) 2) Ww a. La) WW
Slide 13: Q2 results details
2014 RS Q2OFMIRA LOXVbAlD ESPEC CORP.
Slide 14: Results by segment
VAIAVEAIOIRIK re 2B 12, 682 14, 004 10.4% 13, 500 11, 320 11, 166 A1.4% 12, 150 575 698 21.5% 550 2, 493 2, 860 14.7% 2, 600 2, 306 2,594 12.5% 2, 450 177 186 5.0% 200 464 678 46.0% 500 496 553 11.3% 500 A72 A47 = A50 A88& A124 = A100 A84 A118 = A100 (0) (0) = (0) 15, 551 17,418 12.0% 16, 500 14, 03
Slide 15: Results commentary
Rie SRCIXVL Tae ae BHATRODLils. RY HAEOR EER MIs, Bite TLScCtMEAMelLAs *WASLSiald, SEE tals BH ETC L lS THOM EO KBR Bete Osct ils. $800 “PRAOMHISE. PRPS EMIS, RNOMMCKET SH B Ritmo becel, mM LIY-FINIZRE BERA_ASHORMSHMREORLEES B/N 7—-#S KOM MRESSMICHBL., Rte AlecEle, mM +EAR BRE BHEO+BAA-A—-?P BHA BA-
Slide 16: Belay
Belay [FU ses (%) | ESPEC CORP.
Slide 17: Segment results
Y-EARRUIXVA (BAR) aK 201 = —- 20RH | merit | 2, 860 14.7% 2, 600 2, 306 2,594 12.5% 2, 450 177 186 ; 200 (7. 7%] [7.2%] a (8. 2%] RSORRMAMMMBNSH, BER -TLACIC. iM ENOFAAY INT FSW TADS MICEBL, Bitm PLecocieM ESPEC CORP.
Slide 18: Operating income change
EMH BREAAV/ 2014 20R5t BOSE URAL A50 [A10. 0%] BRA A72 [AES (%) J [A14, 6%] BERR IYIIP UY IORI PEM LRA SIC BRitm LeRCblK, jem ESPEC CORP.
Slide 19: rari BUGLE ALLL
rari BUGLE ALLL “sou O7F9bN RF" 427° VA THA OSFRn: BSTREDS OFS 100% . 80% + . E 60% F " : 40% | 20% F 12 13 11 10 10 201057 RE = 20115 RE = 20125 RE = 201SSFRE «= 2014SF FE 2058et 20Ret 205et 205et 20%et ESPEC CORP.
Slide 20: Sales breakdown
Stihl 5c_b te Ae LL Meet me: 43, 3% cob mlbe:39. 7% 2.2% 14.8% sae 4.2% ao 2013 oder 20 mK 13.8% BRATS EEO Hh 60.2% ax 3.4% 1.4% at 14, 196879 st 14, 03987 Ceca bie:6, 14285) CSL :5, 583085) ESPEC CORP.
Slide 21: FY forecast
20147 awe ESPEC CORP.
Slide 22: Full-year forecast
(BAA) 201448 ite = Pete mite MMaaMate «| (AMET) 17, 582 35, 000 10. 2% 34, 000 31, 760 17, 418 Lim 32,099 14,196 18,804 33, 000 2.8% 33, 000 PLease 10, 731 5,215 6,215 11,430 6.5% 11-430 tis 20)) [33.4%] | [86.7%] [33.1%]| [34.6%] 79° 134. 6%] moe R es 2,077 837 ~—«1, 463 2, 300 10.7% 2, 300 [AUER (
Slide 23: Forecast by segment
REFRCIXVL | 2013 | 20148 #8 : = ES 14, 004 14, 396 28, 400 12.4% 27, 400 Pe ee 11,166 15, 434 26, 600 3.0% 26, 600 BR Ala 698 1, 102 1, 800 1, 800 [ARES (%) ] [6.3%] [7.1%] [6. 8%] [6. 8%] (BAR) 10. 8% ESPEC CORP.
Slide 24: Forecast by segment
(BAR) a4 RH im 5, 288 5, 168 2,594 2, 706 5, 300 2.5% Beal ie 504 186 314 500 A0. 9% [ARES (%) ] [9. 8%] [7.2%] [11.6%] [9. 4%] ~ ESPEC CORP.
Slide 25: Forecast by segment
EMHBREAXYL 201455 HM (18IE%L) ia -EA Rie Re 678 1,375 roLis 1, 267 553 747 1, 300 2.6% BRAa A52 A47 47 (0) [ASE (%) |] [A4.1%] [A8. 6%] [6. 3%] [0. 0%] ESPEC CORP.
Slide 26: R&D and capex
Bc SBR REOALSE OMMET ERE ORRREO—OOMMT SLC, ANE PRMHEOM LAKE MER LOBACHA, CASMRECH AEM SMR RE RAVES cD 307 i (rm) 20 10 CLS 20104 KE 2011 RE 20127 20135 K 1a 3,000 - 2,000 1,000 - Lt tat 2 Bc 4 8A ) bee ED OSA A 86 RR 1,929 (+) 1,654 1,570 1,600 1,219 ‘i 19 |L | 8 %e Lo HL 201247 BE un “2014mE BE (21
Slide 27: Medium-term plan 2014-2017
ARS eH [FaFyy7 FW37v2017) Et SHEHBE] 2014~2017HE ESPEC CORP.
Slide 28: ESPEC VISION 2025
BRELVAY!TESPEC VISION 2025, Stage I Pi SOGRESSIVE ... ee PLAN: 01% 2014~2017 SE 5 pe SstHi 2017FE BeRABR At @:400GRNr ERAGE: fie i 2018~20215 1 , ' 2022~2025 Si PHAR | CHR EAT ‘ \ y Lary ESPEC CORP.
Slide 29: 4h HR) <i Be
4h HR) <i Be - Se ri i) SUBRO Zbl T 37 - ASEANSEELP 1» KA BAB mld REC & LY .T34-cEReRREBTE HE /MEMROS 7 hate “PIP Ret *GY-YVIIN-YAY (LAA, SRB. MAB. NI-BBREC) “IIIT IN-YVay (SREB. Bm. BML. RMEC) ESPEC CORP.
Slide 30: Medium-term plan targets
FOFMwYT FIY20O17 (2014~2017FE) Hin einBe 201758 cL 40 0fS Alt 201788 Bell it ae ee 3 4 OfS FAA 10%WE 330 7 3 2013 2014E ES te cols 20 20172F EE fi 400 BR nee Res 40 09 28 — 6.5 1% 20135 2014 201755 Ra ate Be ESPEC CORP.
Slide 31: Basic policies
REOLOND3INOAMIE 1. TE J v— TREO BCI KS RS SH thE TOSLMX 2. BR ARIEX AG + Rene TH = B-FYRCLEBRAROUMK 3. BATE EB FA Sie te Eat BR SH Se OD It 5 FH 4) ESPEC CORP. 400fe FAA 320fa a mo Ths +45 %6UP RAL | +82%UP BATE +6%UP 20135 2017 RE B&
Slide 32: Policy 1
1. Ob TE TORR A: “~ Flee = yy KP 7A —Y—-ERMADER rx Cle +BRERTOME \ Ye LAN99 * as A ARTERL ORE . r) a ‘ ESPEC ec ASIAC ETE) . i / a ESPEC CORP.
Slide 33: Policy 1 initiatives
1. Ob TE TORR 4 Fa KLZANY IBRD TAN EMCIBIE) / ' SEE BE ARSE MATCH EMEAN9 CEH) re Ben TARY TERCER) 9 « , ¢ & a . > 5 ‘ - ey os ESPEC CORP.
Slide 34: Policy 2
2. BRMMOMA <HROBR> Ib7ko=72% EN BRAD (hb-=y 98%) Sire bait OO Sh Sa ESPEC CORP.
Slide 35: Policy 2
2. BRP LF Y—-FNI ABE WR: — RB, NIB, MAB. AB Bib -CRERPGREOD 1 ty 7H + BHMEY —CAORR - BEEY— EC AOR =REP GARE =RERRARRRRE ESPEC CORP.
Slide 36: FAIA-KY vr NYRNSHCRBRE
FAIA-KY vr NYRNSHCRBRE HHLFY-FNTARRARMC. LAA-BORBit HREM AUIOMER + BEEY—-EASZTIVA RY 7 CHE SHEA: 20145100 108 ) 4 —URBMEE : 20155840 (RE) (ww) ESPEc LIP-F INARA RM FRE) ESPEC CORP.
Slide 37: Policy 2
2. BRM WRiis: an. (bein, Rin, RRM > Raat Ron: Y-EADFER -BSmaWRmObiin. Rat VORA - EBRRORRABADSA RELCTRS RECMRE ESPEC CORP.
Slide 38: Policy 3
3. BIA bettie ROB SIR) Fathi RR BSE O) AABL=-ZAAD BS ito rt Seal 4 HAORM-Y-EATRADMIE AASLRROHGBHHOMA RYRT-QRBALEY-EARE =» EY 3 —IRAL OEE MANY —E2 Sit + fthith & o> aS Bat, *RERROET UF LYS CREA ria _} ert ROMMTSEME ASL) ARUSEAMRE( HAZ) ESPEC CORP.
Slide 39: RE RICO IE
RE RICO IE BcStti] Aim40% 40% 29. 6% —” 201 38K 20175 x8 ete ESPEC CORP.
Slide 40: Quality is more than a word
Quality is more than a word ESOEC
Slide 41: Notes and contact
CORP. HSHOREOH MP RARBLECASEN THES. TNSBROHMY FUMES, REA FO RECRRESCIC, SHAH PHMLLEOTHVET. RRORMECIS, SROMVERA- BRICLVCOHMSECS RESIZED", CNORASTORREBHLEN, REET SEO Td TEUECA. [SHADE] LANY7RASA 7530-8550 XBRAGLRAMHB3-5-6 TEL 06-6358-4744 FAX 06-6358-4795 e-mail ir-div@espec.jp a-—#L—-bhas31-F7—Yav BP
Slide 42: Appendix
Sent ESPEC CORP.
Slide 43: BTBRMALCOSESES LAN MIC TC, BE. RE. EA. RHGCORMRATICLS
BTBRMALCOSESES LAN MIC TC, BE. RE. EA. RHGCORMRATICLS BEAM HHL, RMmOMmACeARTSLOOMR <19508K> <19708 HK - 1990 > <> BATHE m Okie ate A Nat! RAGE A RmMROR RE [RBRPAR BREE JISHABIE T-VCG"), BHAC-BRCO MMIC MIAVT—FBCEWT EMA ree OMB ANCE ( mie FIFFAILV—Z ) ( Gimmie Y7r— } ESPEC CORP.
Slide 44: History
FRORE amie Clg a7 Utes BUS Hs i = CBS K : : 3 > SRMELIACIC) t t t ' 1 FIFtYIMI JKR ADE 1975 ~~ 1985| 198245 1986 eRRRRRE FPDatist BES. BREA ESPEC CORP.
Slide 45: Test chamber products
=RBB UVF A-TEF—-Yay ECU FITZ JAEZ/ RR ata [N7-F N72) BSMHBRB:-— 400041250 SREGRER oe am | MSH: + 175°C, +850 CNB)A-T Bt Nov RE (MRtvy—) an BRHORRY17/RB:—40004+110T (ERE TIFI2)/A-TL BRALHURORE EME: —3003+85CHU=7 Eb | NY fyRE- BRBERIF EI @ seg | ORME: —30CORTO+80, —5500+155C | SANE [CCD /CMOS] ee MAKE
Slide 46: Recent news and product releases
(ie Se Romie Tt 2014%78A FthANyY 7s *100V/15A CIE A 2014478 )HBRBERB V7 eo °—-85CH54+180CeHEH@ 2014455 REtRRE/REEARS “HOMBEI IV IVT RES BS 2013511 = | aR *YAFLPITOIWPTFS RINT —7 SAL CRE SHR 2012125 PENYARINIFU—=FAR— ““RERORMSHMGAYATL FISH IT EME “HROUEE, RRBREBOS 2012%5H B24-7v *BLABRK40% *WABVIZB B
Slide 47: TOPICS
[3a 3 JTOPICS CRE RER EE | Hi 20148B9y K F447 RERRLELE | SMEBBIIF+ AUS U—Zlcma, MER GOOD DESIGN “4 AWARD 2014 BREE Oy KF YREBBLELA. 1—¥—CHSMRHPIL YKP BRIER S WARMER ERT SLOIC, ALND hE CIC WEEXELANY, AKBECSHEATY ave RW—-BeH THU CYL ERAS NEL. ESPEC CORP.
Slide 48: [(RBSR) LIY-TFNAREOMEFH
[(RBSR) LIY-TFNAREOMEFH FMB 7 MRE MT7VJAFARRVPERAMRCORUKADRICMSNSUFOLTAY— BHOEREPRELZRRIT SLOOKE FMB GRE WB th O tae PH ee ESPEC CORP.
Slide 49: (RES) +SCMEREOMES HH
(RES) +SCMEREOMES HH PRAT NI ANZORRRE LEST. ARMERALMMRACER ESPEC CORP.
Slide 50: (RES) FPPBBREO MES Hl
(RES) FPPBBREO MES Hl z . oe om - cd iT R E aaa. wee WAL AE and pg eee i - a L B tid # I mt RE 33 # = Ir zr 7 \ SULT aH abt tH 5a Sa» SHE RGHES RAIA MH ABT NUT = | = i i MHRAMS—W Wa S—Nich ESPEC CORP.
Slide 51: [YEAR )
[YEAR ) PIS—V-ERZ LY GIPYYF RROPKMRZ. AVTIHVAY-ER, RROWS-UR, RB BREE Hi BIANO. 19%Yh7-ACKSAE—F EH HB RARMDNY—-EA LANYIAV ITALY Ah EAS MB PARSRICKRR CHA, BIHICSUTEHL OMA THR Siti D-H. AVY, RELY SI, PHRNMOMTD, MRBRELE BB MlLURR——ZCM RE RAM LIY—F NIAAA RM LEM (ARB NIE ABBE) °2014% 108. KT YORE AMR FAIA
Slide 52: TOPICS
[Y—-EARR TOPICS RAM I LANYIAVITYYR—bh I 20138115 FURR Y—-EAIA—Ivis. TSBSEI OS TX-HA-IAN QL itxonneve TX-A-1 YS TEHESEIA IZA ESPEC CORP.
Slide 53: TOPICS
[Y—-EARR TOPICS Ast LEHR O RR ee BA TLFY-FNT ABRAM 1 & HR 201396 11A, FaP BRAT AICHE CBRE LIY—F IN ROMMEL RS ERIC SEERA (LFY—F NTA: RBA, INT, ABA) <A BO GI> (SREB LR ) (ST FUL - ARERR ) HR RAB TH 24kKACHIE EMP SND BRE CH ESPEC CORP.
Slide 54: Bw RO<)
Bw RO<) BEARRBET—-FICLSHBEE. WE REREAD EBLORI<Y BxKaS<Y KEGMERALE, ARERR. Be FORM. EME Mi apihiRit E-bh7P 49 ERROBACMRNSBICE BL BRRIbYATL BULA BMORRICDECH BER -BIGCE BwlCIYhO—)LU CMe BC Sat R-BMYATLSESURE AF FHM LS ESPEC CORP.