First Half Financial Results for Fiscal 2022

Business Overview
Nov 10, 2022
Tadashi Ishizuka
Representative Director, President and COO
JGC Holdings Corporation

CONTENTS


Total Engineering First Half Results



Total Engineering Market Environment Outlook



Total Engineering Second Half Orders Sought

Total Engineering Progress in Major Projects



Functional Materials Manufacturing First Half Results and Market EnvironmentTopics

Initiatives toward Expanding Manufacturing Business for High-Performance Functional MaterialsTopicsReinforcing the Project Execution Framework

Topics

Progress in Sustainability-Oriented Sector2

Total Engineering First Half Results
Plant market recovery has set the scene for favorable progress
Value of Consolidated Orders :Approx.

463Billion Yen

Overseas

DomesticOrders Targetfor Fiscal 2022

670 Billion Yen

170 Billion Yen

First Half Results

Approx. 416 Billion Yen

Approx. 47 Billion Yen

Main Orders
Received© 2022 JGC HOLDINGS CORPORATION• Middle East
• Thailand• Indonesia• Southeast Asia
• North America• Malaysia• Vietnam

GOSP
ChemicalsGas processing
Metal refining related
LNG（FEED）
Medical mfg. plant
Solar power, etc.

• Pharmaceutical mfg. plants• Hospitals• Maintenance services , etc.

​Enhancing planetary health3

Total Engineering Market Environment OutlookOverseas

Clients are fully resuming their investments, encouraged by increased energy demand from areturn to economic activity, and by general diversification of energy suppliers driven by theneed for energy security. Steady progress in our plans is also expected in the second half.
Steady progress is expected in several low-carbon/decarbonization projects, mainly involving
FS and FEED.
As we monitor global economic developments, we will be expecting steady of progress incapital investment plans in FY2023, as well as FY2022.
We will focus on securing orders for projects likely to proceed.

DomesticIn the second half, progress is expected in pharmaceutical manufacturing projects, as well as
in decarbonization projects such as SAF and blue hydrogen production.
In FY2023, we anticipate continued progress, particularly in pharmaceutical manufacturing, as
well as in electronic materials related and decarbonization projects – circular economy (suchas SAF), hydrogen, and others.

© 2022 JGC HOLDINGS CORPORATION​Enhancing planetary health4

Total Engineering Second Half Orders Sought
Overseas

Main SecondHalf OrdersSought• North America• Southeast Asia
• Oceania• North America• Middle East
• Asia, etc.
• Asia• Asia• AsiaSecond HalfPolicy© 2022 JGC HOLDINGS CORPORATION

LNG
LNG
LNG（FEED)Gas chemicals
Gas chemicals
Low and decarbonizationrelated（FS、Pre-FEED）
Solar Power
Solar power and power
storage system
Biodegradable plastics
production
demonstration, etc.

Multiple LNG and gas chemical projects, as well as
steady progress in securing orders such as FS andpre-FEED for decarbonization projects

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

In addition to pharmaceutical plants and several
hospitals, steady progress in securing orders forproduction of blue hydrogen and SAF, among
other decarbonization projects​Enhancing planetary health5Progress in Major Projects: LNG Canada
Major modules have arrived at the site and are well underway.
JV scope is over 70% completed.

© 2022 JGC HOLDINGS CORPORATION​Enhancing planetary health6Functional Materials Manufacturing
First Half Results and Market Environment
First HalfResults

Net salesFirst Half Results

Segment
profit23.4
38

Approx.
Billion YenApprox.
Billion Yen

Fiscal 2022
Target(Revised)

47

Billion Yen

6.5

Billion Yen

Catalysts / Fine Chemicals

MarketEnvironment/
Second Half
PolicyOverall, client demand has remained firm, and we will continue to monitor this. We will also focus on
engaging clients in price negotiations to deal with increases in fuel and raw materials prices. In catalysts,
overseas market expansion is planned, along with promotion of new development for clean energy andcircular economy applications.
In fine chemicals, we are accelerating expansion of multiple applications.
Fine Ceramics
Client demand remains robust, especially for parts used in semiconductor manufacturing equipment.
Demand is also strong for high thermal conductivity silicon nitride substrates for EV power semiconductors.
We will enhance the personnel structure and promote overall quality improvement and capacity-building.

© 2022 JGC HOLDINGS CORPORATION​Enhancing planetary health7Topics

Initiatives toward Expanding Manufacturing Business for High-Performance
Functional Materials
Facility investment to increase production ofsemiconductor ceramics
In June this year, facility investment was made to increase in precision ofceramics for semiconductor manufacturing equipment and production ofsilicon nitride substrates for power semiconductors.
In July, a new plant site was acquired in Tomiya, Miyagi. Total investment ofapprox. 10 billion yen is intended to increase production of ceramics for both
applications mentioned above.

Location announcement ceremony for new site

Tomiya Factory, producing
semiconductor manufacturing
equipment parts and silicon
nitride substrates

Start of operations at JFC Materials
Ceramics business acquisition from Showa Denko Materials is now complete, and operations at the newcompany, JFC Materials Co. Ltd., began in July this year.
This has doubled our production capacity for structural ceramics, such as those used in semiconductor
manufacturing equipment. We intend to expand product lines for semiconductor manufacturing
equipment and power semiconductor applications.

© 2022 JGC HOLDINGS CORPORATION​Enhancing planetary health

8Topics

Reinforcing the Project Execution FrameworkEstablished a New Operations Centre in India
Background and purpose of establishment


Development of a project execution framework anticipating overseas plant market expansion
A facet of strengthening competitiveness and profitability in large overseas projects, in linewith a key strategy of the medium-term business plan, transforming EPC operations

Background of Selection of India


Politically stable and secure, relatively low level of labor costs
Home to many engineering companies and engineering universities serving
the same industries; many talented engineers with high English proficiency© 2022 JGC HOLDINGS CORPORATION​Enhancing planetary health

9Topics

Progress in Sustainability-Oriented Sector (1)Domestic
Steady progress is being made domestically in specific EPC projects, such as plants for SAF production and bluehydrogen production, also green ammonia demonstration. We will be targeting orders totaling approx. 30–40
billion yen between the second half of FY2022 and FY2023.

Overseas
Overseas, there has been a steady increase and progress in sustainability projects such as SAF production,
mainly for FS and pre-FEED for hydrogen/fuel ammonia projects.

Established “Sustainable Solutions”
Established on Sept. 1 at JGC Corporation as a new organization focused on low/decarbonization sector inoverseas EPC business

Target areas
Hydrogen/fuel ammonia, SAF, green chemicals,and SMRs, etc.

© 2022 JGC HOLDINGS CORPORATION

Purpose

To consolidate functions from business development
to securing orders and executing FS, FEED, and EPC
To steadily secure and execute sustainability projects
that have moved into the implementation phase​Enhancing planetary health

10Topics

Progress in Sustainability-Oriented Sector (2)HydrogenBusiness

MCH*

MilestonesAmmonia

SMR

2024

FS

1st Pre-FEED/ FEED

2025

Operation &Further EPC Projects

1stFEED

1stEPC

AProjectFS

Pre-FEED

1st FEED

1st EPC

BProjectFS

Business

Milestones

2040

Operation &Further EPC Projects

Pre-FEEDCCS Pilot

2030

1stEPCFS

CProject

Small Module
Reactor

2023

Business

Milestones
KBR+2022

FEED

Pre-FEED
Finance & Application

1st EPC

Operation &Further EPC Projects* MCH: Methyl Cyclohexane© 2022 JGC HOLDINGS CORPORATION​Enhancing planetary health11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© 2022 JGC HOLDINGS CORPORATION​Enhancing planetary health12