Financial Results for Fiscal 2021

Business Overview
May 12, 2022
Tadashi Ishizuka
Representative Director, President and COO
JGC Holdings Corporation

CONTENTS(APPENDIX)

Total Engineering Orders for FY2021



Total Engineering Orders Target for FY2022



Domestic and Overseas Market EnvironmentProgress in Major Projects



Functional Materials ManufacturingResults for FY2021 and Target for FY2022



Status of Key Strategies in the medium-termbusiness plan (Summary)Status of Key Strategies in the medium-term businessplan
 Key Strategy 1: Transformation of EPC Operations
 Key Strategy 2: Expansion of Manufacturing
Business for High-Performance Functional
Materials
 Key Strategy 3: Establishment of Future Enginesof Growth2

Total Engineering Orders for FY2021
Approx.

316 Billion Yen (Target: 500 Billion yen)

Although targets were missed due to the timing of some expected
projects, the overall market environment is recovering
Overseas

DomesticResults
for fiscal 2021

Approx. 146 Billion Yen

Orders target
for fiscal 2021

340 Billion Yen

Main orders
received

Energy Solutions• Saudi Arabia• Malaysia• Nigeria• Canada© 2021 JGC HOLDINGS CORPORATION

Dew pointcontrol unit
FLNG (FEED)FLNG (FEED)LNG (change order), etc.

Approx.

160 Billion Yen

Facility InfrastructureSolutions• Taiwan
LNG Terminal• Philippines Mega solar• Malaysia
Medical products mfg.
plant
• Bangladesh Infrastructure constructionin special economic zone,etc.

170 Billion Yen

•
••
•
•

Pharmaceutical mfg. plants
Chemical plants
Hospitals
Nuclear related
Maintenance services , etc.

​Enhancing planetary health3

Total Engineering Orders Target for FY2022
Value of FY2022 Consolidated Orders Target：

840 Billion Yen

Overseas

Orders target
for fiscal 2022
Expected Projects

170 Billion Yen

670 Billion Yen
Energy Solutions• Middle East
• North America• Middle East
• North America• Southeast Asia
• Southeast Asia

© 2021 JGC HOLDINGS CORPORATION

Domestic

GOSP
Gas chemicals
Gas chemicals
LNG
LNG
Chemicals, etc.

Facility InfrastructureSolutions• Asia• Europe• Asia• AsiaSolar power and power
storage system
Battery parts mfg. plantIndustrial park tenant
factories
Biodegradable plastics
production
demonstration, etc.

• Pharmaceutical mfg. plants• Hospitals• Blue hydrogen production
demonstration• SAF production demonstration• Nuclear related• Maintenance services , etc.

​Enhancing planetary health4

Domestic and Overseas Market Environment
Overseas

Resumption of development investment, anticipating post-pandemic recovery in energy demand and energy
security policy
More inquiries/orders from international oil companies and others for feasibility studies and front-endengineering and design for LNG projects. EPC orders for large LNG projects may resume after the latter half offiscal 2022



Steady progress in Middle East/North America petrochemical projects

In infrastructure, ongoing investments such as renewable energy projects in Asia

Domestic

Investment remains brisk in life sciences, healthcare, and maintenance
Progress in large-scale investment for life science applications such as biopharmaceuticals and vaccine
production
In decarbonization, SAF and blue hydrogen production will be demonstrated, among other expected progress

We will continue to closely monitor the impact of the rising prices of materials and equipment and transportation
costs against the backdrop of the situation in Ukraine and other factors.

© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health5Progress in Major Projects: LNG Canada
Large modules being completed one after another© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health6

Progress in Major Projects: LNG Canada
Modules shipped in succession are arriving in Canada© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health7

Progress in Major Projects: LNG Canada
Progress is also being made in installing
modules and equipment on-site© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health8

Progress in Major Projects: Basra Refinery Upgrading
Temporary and permanent facilities construction now underway© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health9Functional Materials Manufacturing
Results for FY2021 and Target for FY2022

Results for
FY2021/
Target for FY2022

Net sales

Fiscal 2021 Results

Fiscal 2022 Target

Approx.

Approx.

44.2

Billion Yen

45

Billion Yen

Catalysts / Fine Chemicals

Policy for
FY2022

Demand for petroleum refining catalysts and fine chemical products is returning, lifted by global economic
recovery.
In catalysts, we are entering new fields, and in fine chemicals, we remain committed to developing multiple
applications.

Fine Ceramics
With chips still in short supply, growth in our core business for production equipment is also expected
this fiscal year. Higher sales will be sought through improved quality, increased hiring, and capital
investment.
© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health10Status of Key Strategies in the medium-term business plan(Summary)
Steady progress in implementing the three key strategies

Transformation of EPC
Operations

Expansion of Manufacturing
Business for High-Performance
Functional Materials
Establishment ofFuture Engines of GrowthImplementing strategic
investment© 2021 JGC HOLDINGS CORPORATION• Appointment of a non-Japanese president at the overseas EPC operating company (JGCCorp.)• Stronger framework for regional management: JGC Asia Pacific• Formulation of a medium-term IT strategy, with April 2023 as the start of accelerated
digitalization of EPC• Reinforcement of life science business: IHI Plant Services' pharmaceutical plant EPC businessacquired• Expansion of silica sol production/sales for hard disk polishing, in the wake of higher
chip demand• Expansion of catalyst sales overseas, development of catalysts supporting decarbonization• Start of full-scale production of high thermal conductivity silicon nitride substrates• Joint demonstration of a SAF production supply chain model, mainly sourced from usedcooking oil• Joint Green Innovation Fund project underway with Asahi Kasei to demonstrate green
chemical production using hydrogen from renewable energy sources• Invests in U.S. Company NuScale Power which is ready for commercialization

・Value of FY2021: Approx. 16 Billion Yen(Main investment)• Digital transformation of EPC• Invests in U.S. Company NuScale Power• Acquisition of IHI Plant Services' pharmaceutical plant EPC business• Development of new product technologies in functional materials manufacturing• Facilities related to high thermal conductivity silicon nitride substrates , etc.
​Enhancing planetary health11

Status of Key Strategies in the medium-term business plan(Summary)Sign Alliance Agreement on EPC Projects for Fuel Ammonia Plants with TOYOSubject

Fuel-ammonia manufacturing plants and ammonia receiving terminals
Receipt of orders and execution of EPC projects, starting from feasibility
studies (FS) and front-end engineering design (FEED) for above

SignificanceThis field is being promoted under the leadership of Japanese companies withthe backing of the Japanese government. To contribute to the development of
this field, we have established a leading position in related EPC by working withpartners who can utilize and complement each other's strengths.

License Agreement Signed with KBR for Ammonia Manufacturing Process

The company's process has a proven track record in the world (approximately 50% share of the global
production volume) and is a process technology that can be easily adapted to larger scale production.
Together with the alliances mentioned above, we will demonstrate our competitiveness in the field of fuelammonia and lead the industry.

© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health

12

（APPENDIX）
Status of Key Strategies in themedium-term business plan13

Key Strategy 1: Transformation of EPC Operations• Appointment of Mr. Farhan Mujib as president of JGC Corp.
(effective Jan. 1, 2022)

Accelerate transformation ofoverseas EPC operations

Large Projects

Accelerate digitaltransformation of EPC
Growth Markets and Segments

Strengthen framework fordomestic pharmaceuticalbusiness
Growth Markets and Segments

Start preparations to establish
regional headquarters for theAsian market© 2021 JGC HOLDINGS CORPORATION• Draws on insight from his previous executive positions at U.S.based KBR, extensive experience and knowledge of EPC
projects, and a wide professional network of clients andcontractors to accelerate transformation of our main businessof overseas EPC operations• Formulation of a medium-term IT strategy; from 2023, seeking integrated digital
execution of EPC services for overseas projects• Introducing advanced work packaging (AWP) for the Basra project in Iraq
• Acquisition of IHI Plant Services' pharmaceutical plant EPC business
Pursuit of further business expansion in this segment• Receipt of orders for large pharmaceutical projects (making fiscal 2021 the best year
on record in this segment)• Establishment of JGC Asia Pacific : Stronger framework for regional management in thefast-growing Asian region; building a framework for sales and project execution thatemphasizes local production for local consumption and works closely with regional
clients• Receipt of orders for a mega solar plant in the Philippines and an LNG receiving terminalin Taiwan​Enhancing planetary health

14

Key Strategy 2: Expansion of Manufacturing Business for HighPerformance Functional Materials
Expanding revenue from existing businessRespond to higher
semiconductor demand
Expanding revenue from existing business

Expand product sales overseas
Develop and sell catalysts
supporting decarbonization• Expansion of silica sol sales, on growing demand for hard disk polishing materials amid
higher semiconductor demand （Fine Chemicals）• Record orders and sales of structural ceramics for applications related to semiconductor
production equipment; steady growth also projected in fiscal 2022 （Fine Ceramics）• Increased revenue from more overseas orders of FCC catalysts （Catalysts）• Development of new amorphous silica-alumina material; focus on expanding sales fromfiscal 2022 （Catalysts）• Development of low-temperature denitration catalysts; market expansion for denitrationin waste incinerators and biomass power generation （Catalysts）

Promoting sales of strategic products• Start of full-scale production of high thermal conductivity silicon nitride substrates infiscal 2021; continued production line investment and R&D focused on higher
performance, to meet greater demand （Fine Ceramics）

Exploring and developing next-gen business• Start market exploration and R&D to expand applications to life science materials,
including antibacterial and dental materials expected to show stable demand

Expand production facilities forsilicon nitride substrates

Expand applications to lifescience materials© 2021 JGC HOLDINGS CORPORATION• Life Science Group established at the R&D Center （Fine Chemicals）​Enhancing planetary health

15

Key Strategy 3: Establishment of Future Engines of Growth
Clean Energy

Sustainable aviation fuel (SAF)
Clean Energy

Green chemical production

Clean Energy

SMRs – small modular reactors
Clean Energy

Carbon management
Circular Economy

Chemical recycling of plastic
and fiber waste
OtherWater treatment /Smart factory© 2021 JGC HOLDINGS CORPORATION• Current project: Joint demonstration of a supply chain model for SAF production fromused cooking oil with Revo International and Cosmo Oil• Establishment of “ACT FOR SKY” a voluntary organization working for theCommercialization, Promotion and Expansion of Domestically Produced• Joint project with Asahi Kasei demonstrating production of green chemicals usinghydrogen derived from renewable energy sources; a NEDO Green Innovation Fundproject• Targeting Japan's first demonstration of green ammonia production on a semicommercial scale in 2024
• Investment in U.S.-based NuScale Power, the company closest to commercialization• Joining North America's first SMR construction project
Potential for EPC business in the Middle East, Southeast Asia, and elsewhere from the2030s• Conducted a commissioned survey to help establish global MRV/CI methodologies for
GHG emission associated with LNG, hydrogen, and ammonia operations• Start of development for licensing a plastic waste recycling technology using anoilification process• Start of a joint working group with Teijin, the University of Tokyo, and others to submit
proposals on legislation promoting textile recycling• In water infrastructure field, start of collaboration with Nihon Suido Consultants• Receipt of FEED order for smart factory​Enhancing planetary health16

Note on Future Outlook
This presentation may contain forward-looking statements about JGC Holdings Corporation. You canidentify these statements by the fact that they do not relate strictly to historic or current facts. Thesestatements discuss future expectations, identify strategies, contain projections of results of operations orfinancial conditions, or state other "forward-looking" information.
These statements are based on currently available information and represent the beliefs of themanagement of JGC Holdings Corporation. These statements are subject to numerous risks anduncertainties that could cause JGC Holdings' actual results, performance, achievements, or financial
condition to differ materially from those described or implied in the forward-looking statements.
JGC Holdings Corporation assumes no obligation to publicly update any forward-looking statements
after the date of this presentation. These potential risks and uncertainties include, but are not limited to:competition within the financial services industries in Japan and overseas, our ability to adjust ourbusiness focus and to maintain profitable strategic alliances, volatile and sudden movements in theinternational securities markets, and foreign exchange and global economic situations affecting JGC
Holdings Corporation.

For questions concerning this material, please contact:
Group Strategic Planning &Management Development Department
Corporate Communication GroupJGC Holdings Corporation
Tel: 81-45-682-8026 Fax: 81-45-682-1112
Email: ir@jgc.com© 2021 JGC HOLDINGS CORPORATION​Enhancing planetary health17