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Outline of 3rd Quarter
Financial Resultsfor Fiscal Year 2019
April 1, 2019 – December 31, 2019

Feb 13, 2020
JGC HOLDINGS CORPORATION

Contents

1.

Highlights of Fiscal Year 2019 3Q

2.

Income and Comprehensive Income

3.

Segment Information

4.

Balance Sheets

5.

Outline of Contracts

6.

Forecasts for Fiscal Year 201921. Highlights of Fiscal Year 2019 3Q• The pace of the progress for the quarter is in line with theforecast for Fiscal Year 2019 and there is no change in theforecasts for the full year.
• We are expecting the conclusion of the FIDʼs for the LNG
Plant Project in Mozambique and other large-scale EPC
projects. At the same time, we are actively working towards
attaining our target for new contracts.

3

2. Income and Comprehensive Income【Unit: Billions of Yen】

Forecast

FY2018 3Q

FY2019 3Q

Difference

Net sales

424.6

342.2

△ 82.4500.0

Gross profit

30.8

29.8

△ 0.9

40.0

Proﬁt ratio

7.3%8.7%+1.5pt8.0%

Operating income

15.2

13.4

△ 1.7

19.0

Ordinary income

22.6

18.3

△ 4.2

26.0

9.9

4.7

△ 5.1

10.0

10.0

4.8

△ 5.2

△ 5.3

△ 2.6+2.6

4.7

2.2

△ 2.5

Profit attributable toowners of the parentProfit
Other comprehensive
incomeComprehensive income

FY 2019

43. Segment Information
Net sales

Segment profit【Unit: Billions of Yen】

Total
Engineering

386.0△21.1％FY2018 3Q

Functional
Materials
Manufacturing

+1.2%

34.3

FY2018 3Q【Unit: Billions of Yen】

8.2

8.0

△3.0%

304.4

FY2019 3Q

FY2018 3Q

34.7

5.9

FY2019 3Q

FY2018 3Q

FY2019 3Q△12.7%

5.1

FY2019 3Q
54. Balance Sheets

Total liabilities & net assets

Assets【Unit: Billions of Yen】

708.8

541.7

167.1

FY2018JV Cash122.3
JGC Portion

708.8

686.4

+0.4

542.2

△22.8

144.2

FY2019 3Q【Unit: Billions of Yen】

Current
assets

686.4

223.5

+8.0

231.6

74.9

△24.6

50.2

410.3

△5.7

404.5

Current
liabilities

Non-current
liabilities

Total netassets

Non-current
assets

FY2018FY2019 3Q

149.965. Outline of Contractsⅰ）New Contracts【Unit: Billions of Yen】

FY2019FY2019 3Q

ForecastOverseas

38.2

650.0

Domestic89.2

150.0Total127.5800.07ⅱ）Outstanding Contracts
By Region

By Business Area
【Unit: Billions of Yen】

8%

5%

12%

6%

5%9%

8%

1,023.2

61%■Oil & Gas development■Petroleum refining□LNG■Chemical■Power generation, nuclearpower■Others

FY20193Ｑ
Major
Contracts

52%

1,208.3

6%

1,023.2

56%

FY2018FY2019 3Q

84.7
55.5
643.2
104.9

■Japan95.757.6■Oceania

63.2

77.17%
4%
13%

2%2%

FY2019 3Q

144.5
64.8
730.8
109.1

8%

15%63%FY201818%

17%5%10%1,208.3

FY20188%【Unit: Billions of Yen】

FY2019 3Q

FY2018■South East Asia
□Middle East
■Africa■North America & Others

Over 100 Billion Yen

Over 50 Billion Yen

Over 30 Billion Yen

LNG（Canada）

FLNG（Mozambique）

Chemicals (Thailand)
Gas Booster（Algeria）

204.4
102.6
68.1
177.5
31.2
624.2

FY2019 3Q

188.5
76.4
35.5
128.3
21.6
572.6

8

6. Forecasts for Fiscal Year 2019
【Unit: Billions of Yen】

Forecast
New contract

800.0

Net Sales

500.0

Gross Profit

40.0

Profit ratio8.0%

Operating income

19.0

Ordinary income

26.0

Income attributable toowners of the parent

10.0

Annual dividend per share¥12.00

Forecasts based on¥110.00(￥/US$)

9Appendix

10Reference（Net sales & New Contracts by Region）

New Contracts

Net sales【Unit: Billions of Yen】

FY2018 3Q【Unit: Billions of Yen】

FY2019 3Q

FY2018 3Q

FY2019 3Q

Japan

128.7(30.3%)

126.1(36.9%)

Japan

95.1(10.8%)89.2(70.0%)

South East Asia

47.1(11.1%)

43.7(12.8%)

South East Asia

92.2(10.5%)

15.8(12.5%)

Oceania31.3(7.4%)

6.8(2.0%)

Oceania7.3(0.8%)

0.9(0.7%)

Africa72.0(17.0%)

54.4(15.9%)

Africa1.7(0.2%)

5.9(4.7%)

Middle East

72.8(17.1%)

38.1(11.1%)

Middle East

38.8(4.4%)

5.0(4.0%)

Europe & CIS

55.0(13.0%)

5.7(1.7%)

Europe & CIS

29.6(3.4%)

3.9(3.1%)

17.4(4.1%)

67.0(19.6%)

613.2(69.9%)

6.5(5.0%)424.6(100.0%)342.2(100.0%)878.1(100.0%)127.5(100.0%)

North America& Others
Total

North America& Others
Total

11Reference（Historical data chart）【Unit: Billions of Yen】

879.9693.1

722.9

Operating income

Gross profit

Net sales
72.9619.2

49.6

44.9

500.0

44.9

21.4

40.023.2

19.01.4△ 21.4FY2015 FY2016 FY2017 FY2018 FY2019

FY2015 FY2016 FY2017 FY2018 FY2019

FY2015 FY2016 FY2017 FY2018 FY2019

Forecast

Forecast

Forecast

Profit attributable toowners of the parent

Ordinary income

52.0

42.7
32.3
24.9

26.016.5

New Contracts

935.4

24.0
10.0

506.2

547.8

FY2016FY2017800.0320.6△ 22.0△ 15.2FY2015 FY2016 FY2017 FY2018 FY2019
Forecast

FY2015FY2016FY2017FY2018FY2019Forecast

FY2015FY2018FY2019Forecast12Cautionary Statement
This presentation may contain forward-looking statements that reflect JGC’s plans and expectations.
Such statements are based on currently available information and current assumptions of future
events which may not prove to be accurate. Such statements are also subject to various risks anduncertainties that could cause actual results to differ materially from those forward-looking statements.
JGC Holdings Corporation undertakes no obligation to update any forward-looking statements after
the date of this presentation. These potential risks and uncertainties include, but are not limited to:•changes in general economic conditions, including foreign currency exchange rates, interest rates
and other factors that could affect our profitability•changes in government regulations or tax laws in jurisdictions where we conduct business

For questions concerning this material please contact:JGC HOLDINGS CORPORATIONGroup Management Development Department
Tel: 81-45-682-1111 Fax: 81-45-682-1112
E-mail：ir@jgc.com