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Outline of 1st Quarter
Financial Resultsfor Fiscal Year 2020
April 1, 2020 – June 30, 2020

Aug 12, 2020
JGC HOLDINGS CORPORATION

Contents

1.

Highlights of Fiscal Year 2020 1Q

2.

Income and Comprehensive Income

3.

Segment Information

4.

Balance Sheets

5.

Outline of Contracts

6.

Forecasts for Fiscal Year 202021. Highlights of Fiscal Year 2020 1Q
Points of the Financial Results• Improved gross profit margin year on year.
• Continued maintenance of a strong financial base.
Impacts on business from the spread of COVID-19• For the Total Engineering segment, the projects are moving
forward with the implementation of infection prevention measuresin accordance with the regulations and situation existing in eachcountry.
• For the Functional Materials Manufacturing segment, the impact of
reduced demand due to production cuts by our customers haveremained within the range foreseen in our estimation at thebeginning of the fiscal year.

32. Income and Comprehensive Income【Unit: Billions of Yen】

Forecast

FY2019 1Q

FY2020 1Q

Difference

107.4

96.8

△ 10.5480.0

8.2

9.1+0.8

43.0

Proﬁt ratio

7.7%

9.4%

+1.7pt9.0%

Operating income

2.8

4.2

+1.3

20.0

Ordinary income

5.3

4.3

△ 0.9

23.0

2.1

1.4

△ 0.6

8.0

2.1

1.4

△ 0.7

△ 3.6

9.3

+12.9

△ 1.4

10.7+12.1

Net sales
Gross profit

Profit attributable toowners of the parentProfit
Other comprehensiveincome
Comprehensive income

FY202043. Segment Information
Net salesSegment profit【Unit: Billions of Yen】

TotalEngineering

94.4

△8.7％

【Unit: Billions of Yen】

86.1

2.8+183.9%
1.0

FY2019 1Q

FunctionalMaterials
Manufacturing

FY2020 1Q△12.8%

11.8

FY2019 1Q

10.3

FY2020 1Q

FY2019 1Q

FY2020 1Q

△5.3%

1.6

FY2019 1Q

1.5

FY2020 1Q
54. Balance Sheets

Total liabilities & net assets

Assets【Unit: Billions of Yen】

671.2

133.3
FY2019JV Cash141.9
JGC Portion

671.2

656.6

537.9 △17.4+2.9

Currentassets

520.4

136.2
FY2020 1Q【Unit: Billions of Yen】

656.6

228.3△21.9

206.4

51.9

△0.3

51.6

390.9

+7.6

398.6

Current
liabilities

Non-current
liabilities

Total netassets

Non-current
assets

FY2019FY2020 1Q

142.265. Outline of Contractsⅰ）New Contracts【Unit: Billions of Yen】

FY2020

FY2020 1Q

Forecast

Overseas

65.2

540.0

Domestic

14.7

130.0

Total

79.9

670.07ⅱ）Outstanding Contracts
By Region

By Business Area
【Unit: Billions of Yen】

7%

5% 8%

6%

6%

4% 11%

15%

17%

6%

9%

10%

【Unit: Billions of Yen】

7%

7%

941.6

935.1

58%

941.6

3%

58%

13%
64%

FY2019■Oil & Gas development■Petroleum refining□LNG■Chemical■Power generation, nuclear
power■Others

FY20201QMajorContracts

FY2020 1Q

FY2019

76.2
55.1
602.2
96.4

11%2%2%64%

FY2019FY2020 1Q

98.9
52.1
599.9
82.0

■Japan66.8

61.2■Oceania

44.6

40.7

■South East Asia
□Middle East■Africa■North America & Others

7%935.1

FY2020 1Q

FY2019FY2020 1Q

158.0
70.8
32.6
119.6
18.1
542.2

Over 100 Billion Yen

Over 50 Billion Yen

Over 30 Billion Yen

LNG（Canada）

FLNG（Mozambique）

Gas Separation Plant (Saudi Arabia)
Chemicals (Thailand)
Biomass Power Generation（Japan）

140.1
65.3
62.1
108.4
19.8
539.2

8

6. Forecasts for Fiscal Year 2020

【Unit: Billions of Yen】

Forecast
New contract

670.0

Net Sales

480.0

Gross Profit

43.0

Proﬁt ratio

9.0%

Operating income

20.0

Ordinary income

23.0

Income attributable to8.0

owners of the parent
Annual dividend per share
Forecasts based on(￥/US$)¥12.00¥107.00
9Appendix

10Reference（Forecasts for Fiscal Year 2020 by segment）

Total

Functional

engineeringMaterials【Unit: Billions of Yen】

Others

432.0

42.0

6.0

Segment profit

15.05.00.0

Proﬁt ratio

3.5%

11.9%

0.0%

Net sales

11Reference（Net sales & New Contracts by Region）

New Contracts

Net sales【Unit: Billions of Yen】

FY2019 1Q

FY2020 1Q

Japan

37.1(34.6%)

40.1(41.5%)

South East Asia

15.7(14.6%)

9.1

Oceania4.3(4.1%)

Africa20.2

Middle East
Europe & CIS
North America& Others
Total【Unit: Billions of Yen】

FY2019 1Q

FY2020 1Q

Japan

39.8(77.4%)

14.7(18.5%)(9.4%)South East Asia

7.2(14.2%)

3.4(4.3%)

0.3(0.4%)

Oceania0.4(0.9%)

0.0(0.0%)(18.8%)

11.3(11.7%)

Africa0.3(0.7%)

2.2(2.8%)

12.2(11.4%)

8.7(9.1%)

Middle East

2.2(4.3%)

38.1(47.7%)

0.9(0.9%)△ 0.9(△1.0%)

Europe & CIS

0.3(0.6%)△ 1.7(△2.1%)

0.9(1.9%)

22.9(28.8%)

51.4(100.0%)79.9(100.0%)

16.7(15.6%)

27.9(28.9%)

107.4(100.0%)

96.8(100.0%)

North America& Others
Total12Reference（Historical data chart）【Unit: Billions of Yen】

722.9

693.1

44.9

44.9

619.2
480.8

Operating income

Gross profit

Net sales

43.343.021.423.220.2

20.0

480.01.4
FY2016 FY2017 FY2018 FY2019 FY2020

FY2016 FY2017 FY2018 FY2019 FY2020

Forecast

Forecast

32.3

FY2016 FY2017 FY2018 FY2019 FY2020
Forecast

Profit attributable toowners of the parent

Ordinary income

24.9△ 21.4

New Contracts

935.4

24.0
22.3

23.0

16.5
4.1

670.0

8.0506.2

547.8

189.6
△ 22.0△ 15.2FY2016 FY2017 FY2018 FY2019 FY2020
Forecast

FY2016FY2017FY2018FY2019FY2020FY2016

Forecast

FY2017FY2018FY2019FY2020
Forecast

13

Cautionary Statement

This presentation may contain forward-looking statements that reflect JGC’s plans and expectations.
Such statements are based on currently available information and current assumptions of future
events which may not prove to be accurate. Such statements are also subject to various risks anduncertainties that could cause actual results to differ materially from those forward-looking statements.
JGC Holdings Corporation undertakes no obligation to update any forward-looking statements after
the date of this presentation. These potential risks and uncertainties include, but are not limited to:•changes in general economic conditions, including foreign currency exchange rates, interest rates
and other factors that could affect our profitability•changes in government regulations or tax laws in jurisdictions where we conduct business

For questions concerning this material please contact:JGC HOLDINGS CORPORATIONGroup Management Development Department
Tel: 81-45-682-1111 Fax: 81-45-682-1112
E-mail：ir@jgc.com