Chiyoda Global Headquarters
Minato Mirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku,
Yokohama 220-8765, Japanwww.chiyodacorp.com/enThe presentation was held in Japanese.

August 12, 2020

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 theFirst Quarter Financial Results for Fiscal Year Ending March 31, 2021
The following summarizes a Q&A session following the presentation of Chiyoda Corporation (“Chiyoda”)
first quarter financial results for fiscal year ending March 31, 2021, held by telephone conference in
Yokohama, Japan and released on August 6, 2020.

1Question

AnswerWhat is the impact of COVID-

To date, no projects have been suspended due to COVID-19:

19 on ongoing projects?

-Engineering: Telework operation-Procurement: Delivery schedule and cost impacts on someprojects caused by disruptions in the global supply chain,
resulting in purchased equipment/material manufacturing
and transportation delays.

-Construction: Some projects affected by construction
operative dispatch restrictions.

In prioritizing the safety of all parties in ongoing projects,
Chiyoda is taking measures against the spread of COVID-19
whist continuing discussions with clients in line with force
majeure provisions in EPC contracts to minimize the impacts ofcost and schedule.
2

What is the status of major

There are currently no suspended or delayed projects.

ongoing projects?

-Tangguh LNG: Construction is ongoing. Currently reviewing
the dispatch of construction operatives.

-Texas Ethylene: Manufacture and shipments of modules to
USA is progressing as planned.

-Golden Pass LNG: Schedule and cost discussions withclient ongoing following contained impacts due to the spreadof COVID-19 on engineering conducted by an overseas
group company. Construction ongoing as planned.

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

3

Question

AnswerFirst Quarter Gross Profit

Gross Profit Margin was 12.6% (including the impact of theMargin

spread of COVID-19) due to improved profit from LNG projects
in the USA.

4

What is the status of the North

The client upholds that the contractor for the project will be

Field Expansion project inselected this year. The bid is scheduled in September.

Qatar?

Chiyoda is planning the execution of the project encompassing
the influence of the diplomatic break with Saudi Arabia.

5

Revenue and Gross Profit

Revenue forecast is based on reasonable assessments of theMargin Forecasts

spread of COVID-19, the progress of ongoing projects anddelays to the commencement of new projects.
Chiyoda’s aim is a Gross Profit Margin of 9-10%.
No extraordinary profit or loss is expected in FY2020.

6

Whatfieldintheglobal

Chiyoda is focusing on green energy, pharmaceuticals and life

environment area is Chiyoda

sciences in the global environment business field.

focusing on?

In pharmaceutical and life science plant construction, Chiyoda
will respond properly to client requests for higher levelengineering of middle to high-molecule substances and biopharmaceuticals.
-End-Please 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 beconstrued in any way as being guaranteed by the Company. Investors are recommended not to depend
solely on these projections for making investment decisions.

2