Chiyoda Global Headquarters
Minato Mirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku,
Yokohama 220-8765, Japanwww.chiyodacorp.com/en

The presentation was held in Japanese.

February 10, 2021

This document is a translation/summary

IR, PR & CSR Department

for reference only.

Chiyoda Corporation

Summary of a Q&A session following the Presentation of theThird Quarter Financial Results for Fiscal Year Ending March 31, 2021
The following is a summary of a Q&A session following the presentation (telephone conference) ofChiyoda Corporation’s (“Chiyoda”) financial results for the third quarter of fiscal year ending March
31, 2021, released on February 2, 2021.

Question
1AnswerWhy is COVID-19 still impacting Chiyoda assessed the impact of COVID-19 in the secondresults?

quarter mainly on overseas projects. Its impact has been
longer than anticipated however, also on domestic
projects. Chiyoda has reassessed costs and isdiscussing cost sharing with clients under force majeure.

2

What is the current status of theTangguh LNG

three major ongoing overseas Construction is ongoing. Project overall progress rate isprojects, including the impact of approximately 89%.
COVID-19?

Texas Ethylene

Module construction is progressing in China. Project
overall progress rate is approximately 86%. Nine out ofeleven modules have left for the USA.
Golden Pass LNG

Engineering at home office and civil foundation
construction work at site are progressing. Project overall
progress rate is approximately 22%. The repercussions
for the affection by COVID-19 will be discussed with theClient under force majeure event.
3

What is the forecast for future

Although energy transition and decarbonization areLNG projects?

progressing and Chiyoda will reinforce growth strategies
in these areas, gas will remain the major energy sourcein the short to medium term and Chiyoda will continue its
efforts on LNG projects.

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Chiyoda Global Headquarters
Minato Mirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku,
Yokohama 220-8765, Japanwww.chiyodacorp.com/en

Question
4Answer

What is the forecast for the The hydrogen business, including SPERA Hydrogen,hydrogen business?

will progress with other business trends with possible
accelerated growth and is expected to be profitablefrom the years of 2025 onwards.

5

What is Chiyoda’s strategy for the We will continue to plan our path ahead while steadilychanging business environment, achieving the goals set out in the Revitalization Plansuch as energy transition and launched 18 months ago.
decarbonization?
Chiyoda history is that of a venture company, having
commenced as an engineering division of Mitsubishi Oil.
We will continue promoting growth in new business fields
in response to changes in the medium to long-termbusiness environment, while continuing with EPC lumpsum contracts in our traditional markets.

6Whatis thereason for

the Chiyoda is improving objectivity and transparency andintroduction of a nomination and promotes diversity by reinforcing the Board of Directors
remuneration committee and the towards enhanced corporate governance.
increasedratioofOutside

Directors?

-EndPlease address inquiries to: IR, PR & CSR Department: Tel. +81-45-225-7734

Note: Some additions and corrections have been made to simplify the content for readers. Any
projections included in these materials are based solely on information available at the time thispresentation was prepared. It is possible that actual results may vary significantly from the projections
due to a number of risk factors such as economic conditions. The results projected here should not
be construed in any way as being guaranteed by the Company. Investors are recommended not todepend solely on these projections for making investment decisions.

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