Tsukishima Holdings Co. Ltd. · TSE:6332

Tsukishima — FY2017 Earnings Presentation

58 slides from Tsukishima's earnings presentation, May 26, 2017

1. Slide 1: Ze TEAR tat * AC Re HE O AE

   Ze TEAR tat * AC Re HE O 58 AE BAR AER ea TSK As tiititatt

2. Slide 2: TSK Abtinitixtet

   TSK Abtinitixtet = =

3. Slide 3: TSK Abtinitixtet

   TSK Abtinitixtet = =

4. Slide 4: TSK Abtinitixtet

   TSK Abtinitixtet = =

5. Slide 5: TSK AS tiie tt

   7 TSK AS tiie tt 5

6. Slide 6: TSK ABS titststt

   Ld TSK ABS titststt 6

7. Slide 7: O&M 142 148 140 158 154 300 140 300 140 103 125 200 95

   O&M 500 480 500 430 447 449 431 430 395 414 400 140 400 148 142 148 140 158 154 300 140 300 140 103 125 200 95 200 122 140 180 138 100 160 196 200 100 182 161 122 150 92 0 0 15.3 16.3 17.3 18.3 15.3 16.3 17.3 18.3 7

8. Slide 8: TSK Ab taitett

   TSK Ab taitett

9. Slide 9: O&M 10 13 300 11 300 10 13 44 60 65 11 61 57

   O&M 500 500 400 372 400 15 297 320 307 327 273 15 285 290 59 10 13 300 11 300 10 13 44 60 65 11 61 57 60 54 56 200 70 200 73 87 47 60 98 102 254 100 180 100 174 150 171 160 108 123 0 0 15.3 16.3 17.3 18.3 15.3 16.3 17.3 18.3 9

10. Slide 10: TSK Abtinitixtet

    TSK Abtinitixtet = =

11. Slide 11: 17.3 * 7.2% 5.0% 2.2% 5.7% 0.7% 55 38 17 42 4 31 22

    17.3 * 758 699 59 700 1 55 35 20 40 5 7.2% 5.0% 2.2% 5.7% 0.7% 55 38 17 42 4 31 22 9 25 3 1 11

12. Slide 12: 600 327 42 144 54 90 174 285 500 500 65 109 400 400

    900 900 802 58 800 744 800 758 59 700 700 699 600 372 75 297 600 327 42 144 54 90 174 285 500 500 65 109 400 400 300 300 200 430 +17 447 200 431 17 414 10 4 6 4 +4 8 100 100 0 0 16.3 16.3 17.3 17.3 16.3 16.3 17.3 17.3 12

13. Slide 13: +1.0pt 3.5pt

    45 45 40 40 35 35 30 30 25 25 20 4 20 15 32 28 15 10 10 23 5 5 0 0 16 7 16.3 17.3 16.3 17.3 16.3 17.3 16.3 17.3 20.7% 21.7% +1.0pt 24.2% 20.7% 3.5pt 13

14. Slide 14: TSK Abtinitixtet

    16.3 17.3 TSK Abtinitixtet 14

15. Slide 15: TSK Abtinitixtet

    16.3 17.3 TSK Abtinitixtet 15 A

16. Slide 16: CF CF CF CF

    CF 112 300 20 13 250 CF CF 119 200 150 CF 100 289 177 50 112 0 16

17. Slide 17: TSK Abtinitixtet

    TSK Abtinitixtet = =

18. Slide 18: +21 +7 5.0% 5.8% +0.8% +6 +5

    699 720 +21 35 42 +7 5.0% 5.8% +0.8% 38 44 +6 22 27 +5 1 18

19. Slide 19: 1000 1000 +56 +21 +23 600 297 +20 320 600 +5 110 285 +16

    1000 1000 900 900 +56 800 800 744 800 +21 720 700 700 699 +23 600 297 +20 320 600 +5 110 285 +16 290 500 90 500 109 125 400 400 300 300 +33 480 200 447 200 414 +16 430 +4 100 6 10 100 8 +2 10 0 0 17.3 17.3 18.3 18.3 17.3 17.3 18.3 18.3 19

20. Slide 20: +0.2pt +2.1pt

    45 45 40 40 35 35 30 30 25 25 20 3 20 15 28 31 15 10 10 5 5 7 +4 11 0 0 17.3 18.3 17.3 18.3 17.3 18.3 17.3 18.3 21.7% 21.9% +0.2pt 20.7% 22.8% +2.1pt 20

21. Slide 21: 12.3 13.3 14.3 15.3 16.3 17.3 18.3 6.7 6.7 7.5 7.5 17 0 0

    12.3 13.3 14.3 15.3 16.3 17.3 18.3 6.7 6.7 7.5 7.5 15 15 17 17 0 0 0 0 0 0 0 36.6% 28.2% 19.0% 22.6% 31.5% 34.5% 27.8% 21

22. Slide 22: TSK Abtinitixtet

    TSK Abtinitixtet = =

23. Slide 23: TSK Ab tiitststt

    TSK Ab tiitststt 23

24. Slide 24: 19.3 1,000 7% 17.3 18.3 1,000 5.0% 5.8% 7.0% 38 44 72 22 27

    19.3 1,000 70 7% 17.3 18.3 699 720 1,000 35 42 70 5.0% 5.8% 7.0% 38 44 72 22 27 44 24

25. Slide 25: TSK AS tiie tt

    }— 70 = | 5053-98 44 42 _ 35 : : : 1 i TSK AS tiie tt a

26. Slide 26: TSK Abtinitixtet

    TSK Abtinitixtet 26

27. Slide 27: FIT O&M O&M

    FIT O&M TSK Ab tiitststt - 27

28. Slide 28: TSK Ab tiitststt

    TSK Ab tiitststt 28

29. Slide 29: TSK Abtinitixtet

    TSK Abtinitixtet —

30. Slide 30: J

    J 30

31. Slide 31: TSK Abtinitixtet

    TSK Abtinitixtet — 31

32. Slide 32: FIT

    TSK Ab tiitststt - 32

33. Slide 33: FIT

    FIT 15.3 16.3 17.3 18.3 19.3 20.3 21.3 22.3 23.3 24.3 kW 1. 250 2. 275 3. 250 4. 750 5. 1,095 6. 103 7. 4,090 8. 253 9. 759 10. 1,116 11. 748 11 / 0.4 2 7 15 20 20 21 21 21 21 33

34. Slide 34: TSK Abtinitixtett

    TSK Abtinitixtett 34

35. Slide 35: TSK AS tiie tt

    TSK AS tiie tt eee 35

36. Slide 36: EPC

    | - > > EPC TSK Ab tiitststt 36

37. Slide 37: TSK BS etitkstStt

    TSK BS etitkstStt 37

38. Slide 38: FIT / M&A

    == 40 [3 FIT 50 [3 /M&A 100 /3 TSK AS tiie tt 38

39. Slide 39: De GE Aes tetas ti

    De GE Aes tetas ti

40. Slide 40: TSK Ab tiitststt 40.

    TSK Ab tiitststt 40.

41. Slide 41: M&A

    M&A TSK Abtinitixtet _ 41

42. Slide 42: TSK Abtinitixtett

    TSK Abtinitixtett 42

43. Slide 43: TSK Abtinitixtet

    TSK Abtinitixtet 43

44. Slide 44: FIT / O&M

    O&M FIT WS PFI O&M 14.3 16.3 17.3 19.3 44

45. Slide 45: 17.3 18.3 19.3 1,000 5.0% 5.8% 7.0%

    17.3 18.3 19.3 699 720 1,000 35 42 70 5.0% 5.8% 7.0% 45

46. Slide 46: (fl EB Ft)

    (fl EB Ft) — >

47. Slide 47: PFI DBO O&M

    / / 15.3 16.3 17.3 18.3 19.3 PFI DBO O&M PFI 8 DBO 5 O&M 33 94 47

48. Slide 48: TSK AS tiie tt

    ll , TSK AS tiie tt 438

49. Slide 49: TSK Abtinitixtet

    TSK Abtinitixtet 49 —

50. Slide 50: TSK AS tiie tt

    TSK AS tiie tt 50

51. Slide 51: FBRSR

    FBRSR BkigitSS (SEMBLE) xte.— tint Wsyb- HME [es = am (2688 tt) — a i ib AE Bi, BIR, BAUR, ORS, SHIH BE UKE) Jking (IB: REY VIF UY FH—ER) a (EMa) lu Branco yg 34% ORG. x594—3— ewe) aie : a eanieaain Fieri 23% aking . 97K, FREY Va— Yay, . SBSLB (bALYVIP UL, =wrs, ; (=N4) a a-g2RYE 3 44% JFELY VIF YY,

52. Slide 52: TSK Abtinitixtett

    ‘© TSK Abtinitixtett

53. Slide 53: TSK AS tiie tt

    TSK AS tiie tt 53

54. Slide 54: TSK Ab tiitststt

    TSK Ab tiitststt 54

55. Slide 55: STD

    / S T D 50 STD 100 PTA BMA BJK 5 70 30 150 30 150 55

56. Slide 56: TSK Abtinitixtett

    TSK Abtinitixtett

57. Slide 57: TSK Asmnittsit

    TSK Asmnittsit 57

58. Slide 58: TSK Ab tiitststt

    TSK Ab tiitststt 58

Tsukishima Holdings — FY2017 Earnings Presentation on 6ix