2010/3 Business Overview and2011/3 Management Strategy
Takashi Kubota
President and CEOMay 13, 2010

All Rights Reserved. CHIYODA 2010

Table of Contents
1. 2010/3 Business Overview
2. Business Environment
3．2011/3 Management Strategy

1All Rights Reserved. CHIYODA 2010

1．2010/3 Business Overview（１）Qatari Projects-Completed¾ Qatargas/LNG Trains 4 & 5¾ RasGas/ LNG Trains 6 & 7¾ ExxonMobil/ Al Khaleej Gas Phase 2-Under Execution¾ Qatargas/ LNG Trains 6 &7
• To be completed by the end of 2010
¾ Qatar Shell GTL/Pearl GTL Feed Gas Preparation Works• Phase 1 to be completed by the end of 2010

2
All Rights Reserved. CHIYODA 2010

1. 2010/3 Business Overview (2) Major Projects under Execution -Overseas¾ Papua New Guinea/Esso Highlands/LNG Plant• Entering into new region¾ Saudi Arabia/ Saudi Aramco/ Heavy Oil Cracking Unit
• Re-entering into Saudi market¾ Brazil/ Petrobras/Floating LNG FEED
• Entering into new region & technology, established newbranch- Aiming for EPC award

3
All Rights Reserved. CHIYODA 2010

1. 2010/3 Business Overview (3) Major Projects under Execution -Domestic¾ Heavy Oil Treating Units¾ LNG Receiving Terminals¾ Pharmaceutical Plants¾ New Energy-related Facilities

4All Rights Reserved. CHIYODA 2010

2. Business Environment (1)LNG Supply-Demand Outlook¾Mid-term:

Tightness in supply and demand• Demand growth will exceed the supply capacity• Tightness around 2014 due to lack of FID projects in recentyears¾Long term:

Balance will be achieved• Many new projects planned in Australia will fill the gap• Asia will lead the future demand growth

5All Rights Reserved. CHIYODA 2010

2. Business Environment (2)Natural Gas Supply-Demand Outlook in the US
Unconventional gas development¾ Production is radically increasing due totechnological innovations¾ Will compensate for declining conventional
gas production¾ Water pollution issue needs to be scrutinized

6All Rights Reserved. CHIYODA 2010

2. Business Environment (3)Intensive competition with aggressive Korean
contractors¾Differentiation strategies in LNG, gas and heavy oil
cracking technologies¾Strategic JV with Korean contractors¾Group operation strategy to improve competitivenessthrough full utilization of Global Engineering Satellites(GES)¾Close communication with clients to respond to localneeds

7All Rights Reserved. CHIYODA 2010

3. 2011/3 Management Strategy (1)Successful completion of Qatari projects¾ Qatargas LNG Trains 6&7¾ Pearl GTL Project Feed Gas Preparation Work

 Diligent execution of newly awarded projects¾ Papua New Guinea LNG Plant¾ Saudi Aramco/ Heavy Oil Cracking Unit

8All Rights Reserved. CHIYODA 2010

3. 2011/3 Management Strategy (2) Targets of Business Development
OverseasDomesticz Secure and execute LNG FEED
contracts for the future EPC
contractsz Meet the needs in newly growing
business segments (electronicsmaterials, non-ferrous metals,batteries)
z Follow the overseas projectz Prompt response to O&M service
investments of domestic clientsneeds
utilizing global group networkz Expand and enter into new business z Maintain continuous awards of neworders for LNG receiving terminals
regions through strategic
and pharmaceutical plants etc inpartnership
addition to hydrocarbon processing.

9All Rights Reserved. CHIYODA 2010

3. 2011/3 Management Strategy (3) Consolidated New Orders¾Overseas： 350.0 billion yen¾Domestic：

90.0 billion yen
440.0 billion yen

10All Rights Reserved. CHIYODA 2010

3. 2011/3 Management Strategy (4) The second step in achieving the Mid-term Management Plan
(2009/4-2013/3) Targets
2010/3 (the 1st year)

2011/3 (the 2nd year)

z Cultivated the new energy sector,securing EPC and non-EPC
contractsz Establish and promote business models
geared toward low-carbon society andthe integrated utility sector including waterz Diversified business fields through- close communication with clients innew regions andbusiness sectors, and- utilizing global group networkz Enhance PLE businesses development
through close and local relationships withclientsz Support domestic customers tomaterialize overseas projects
z Promote marketing activities for floating
LNG projectsz Organized non-EPC business
schemez Improve profitability and probability ofsecuring new contracts throughenhancing our competitiveness including
strategic partnerships

11
All Rights Reserved. CHIYODA 2010

Please address inquiries to:
IR and Public Relations OfficeTEL+81-45-506-7538
FAX+81-45-506-7085
URL https://ssl.chiyoda-corp.com/contact/en/index.php

Forward-looking Statements
The forecasts and plans in this presentation are based on information available to management on May 13, 2010, thedate these materials were prepared. Actual results may differ significantly from these forecasts for a number of factors,
including but not limited to changes in economic conditions and operation environment in Japan and overseas.

12All Rights Reserved. CHIYODA 2010