Ef-on, Inc. · TSE:9514

Ef-on — FY2014 Earnings Presentation

12 slides from Ef-on's earnings presentation, Aug 8, 2014

1. Slide 1: ©2014 The First Energy Service Company Limited. All Rights Reserved

   ©2014 The First Energy Service Company Limited. All Rights Reserved

2. Slide 2: ©2014 The First Energy Service Company Limited. All Rights Reserved

   2 ©2014 The First Energy Service Company Limited. All Rights Reserved

3. Slide 3: ©2014 The First Energy Service Company Limited. All Rights Reserved

   3 ©2014 The First Energy Service Company Limited. All Rights Reserved

4. Slide 4: G ©2014 The First Energy Service Company Limited. All Rights Reserved

   G 8,000 6,000 4,000 3,822 3,946 3,770 3,449 2,000 0 2011 6 2012 6 2013 6 2014 6 1,200 12.0% 984 1,000 9.7% 10.0% 849 813 803 800 8.0% 600 6.0% ➣ 4.9% 400 4.0% 3.4% 200 78 2.0% 2.0% 33 17 40 0 0.0% 1Q 2Q 3Q 4Q 4 ©2014 The First Energy Service Company Limited. All Rights Reserved

5. Slide 5: ©2014 The First Energy Service Company Limited. All Rights Reserved

   • • • 5 ©2014 The First Energy Service Company Limited. All Rights Reserved

6. Slide 6: G ©2014 The First Energy Service Company Limited. All Rights Reserved

   G 8,000 6,000 4,173 2,627 2,293 1,630 4,000 2,000 0 2011 6 2012 6 2013 6 2014 6 1,200 1,099 1,111 50.0% 1,058 45.0% 1,000 905 43.0% 40.0% 37.9% 35.0% 800 33.9% 31.2% 30.0% ➣ 600 473 25.0% 421 400 359 20.0% ➣ 282 15.0% 200 10.0% 5.0% 0 0.0% 1Q 2Q 3Q 4Q 6 ©2014 The First Energy Service Company Limited

7. Slide 7: HWP SWP

   HWP ( ) HWP 120,000,000 27.00 26.50 100,000,000 26.00 25.50 25.00 ➣ 80,000,000 24.50 ➣ 24.00 60,000,000 23.50 23.00 40,000,000 22.50 22.00 21.50 20,000,000 21.00 20.50 0 20.00 SWP ( ) SWP 120,000,000 27.00 26.50 100,000,000 26.00 25.50 80,000,000 25.00 24.50 ➣ 24.00 ➣ 60,000,000 23.50 23.00 40,000,0

8. Slide 8: ©2014 The First Energy Service Company Limited. All Rights Reserved

   / 8 ©2014 The First Energy Service Company Limited. All Rights Reserved

9. Slide 9: ©2014 The First Energy Service Company Limited. All Rights Reserved

   9 ©2014 The First Energy Service Company Limited. All Rights Reserved

10. Slide 10: 90ton/ 18,000kW 120,000MWh/

    65,000 90ton/ 18,000kW 330 / 24 8 120,000MWh/ 21 ton/ BTG 63 / UFJ 10 ©2014 The First Energy Service Company Limited. All Rights Reserved

11. Slide 11: ©2014 The First Energy Service Company Limited. All Rights Reserved

    11 ©2014 The First Energy Service Company Limited. All Rights Reserved

12. Slide 12: ©2014 The First Energy Service Company Limited. All Rights Reserved

    8,000 8,000 7,500 7,500 7,000 7,000 5,800 6,000 6,000 5,100 5,000 4,600 ( ) ( ) 5,000 4,173 3,980 4,000 4,000 3,449 4,000 3,220 3,000 3,000 2,400 3,000 ( 2,100 ( ) 1,900 ) 2,000 1,535 1,470 1,600 2,000 1,600 1,470 1,600 1,200 1,900 1,100 1,020 1,000 1,000 168 140 140 100 ( ) 100 180 100 ( ) 0 130 0

Ef-on — FY2014 Earnings Presentation on 6ix