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.

November 12, 2020

This document is a translation/summary

IR, PR & CSR Department
Chiyoda Corporationfor reference only.

Summary of the Briefing of the Second Quarter Financial Results
for the Fiscal Year Ending March 31, 2021

The following is a summary of a presentation (telephone conference) outlining Chiyoda Corporation’s(“Chiyoda”, TSE:6366) financial results, released on November 5, 2020, for the second quarter of fiscalyear ending March 31, 2021. Please also refer to the “Financial Results for the 2nd Quarter of Fiscal YearEnding March 31, 2021” on our website.
1. Highlights
Financial results progressed steadily against overall full year forecasts.

Revenue and profit progressed 58% and 83% respectively against full year forecasts.

Cameron LNG: the third and final train was completed in July 2020 and the project was successfully
handed over to the customer.

Chiyoda continues to execute ongoing projects in cooperation with our clients, prioritizing the healthand safety of our employees and stakeholders and taking countermeasures against COVID-19.



FID’s for large-scale overseas projects are expected in the second half of this fiscal year.

2. Income Statements


Revenue was JPY 161.5 billion, 58% of the full year forecast.

Gross profit was JPY 11.1 billion, 43% of the full year forecast.

Gross profit margin was 6.9%, compared to the full-year forecast of 9.3%. Although many projects
are progressing as planned, some have been impacted by COVID-19.

SG&A expenses were JPY 6 billion: a reduction of JPY 2 billion compared to the same period lastyear as a result of cost reductions.

Net profit was JPY5.8 billion, 83% of the full-year forecast.

3. Balance SheetTotal assets were JPY 325.2 billion, a reduction of JPY 59.8 billion compared to the same period last1

Chiyoda Global Headquarters
Minato Mirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku,
Yokohama 220-8765, Japanwww.chiyodacorp.com/enyear. This is due to reductions in cash and deposits, operating assets, jointly controlled assets ofJV’s and operating liabilities, coupled with the progress of ongoing projects such as the completionof Cameron LNG.
Shareholder equity was JPY 30.9 billion at the end of September 2020 with an improved shareholder
equity ratio of 9.5%. As per the Medium-term Management Plan, Chiyoda is aiming for a shareholder
equity ratio of 20% with steadily increasing profits.

4. Profit AnalysisThe gross profit of JPY 11.1 billion in the second quarter includes JPY 9.8 billion from the energy
business field and JPY 1.3 billion from the global environment business field.

SG&A expenses reduced by JPY 2 billion compared to the same period last year as a result of cost
reductions.

Non-operating income is negative JPY 0.4 billion. As extraordinary income, gain on sales of sharesof subsidiaries and associates was JPY 0.4 billion. Due to a corporate tax refund of JPY 0.6 billion
in the USA, profit attributable to owners of parent amounted to JPY 5.8 billion.

As a result of the above, shareholder equity ratio was 9.5%, an improvement of 3.2%.

5. New Order / Backlog
New orders in the second quarter stood at JPY 60.1 billion. Chiyoda aims to secure new orders as
FID’s for large-scale overseas projects are expected to be made in the second half of this fiscal year.

In the energy business field, Chiyoda is targeting the North Field Expansion (NFE) project in Qatar.
The bid was submitted to the client on September 15, 2020 and discussions are ongoing.

In the global environment business field, Chiyoda secured orders in pharmaceuticals and life
sciences. Chiyoda aims to secure more orders in this business area in the second half of the fiscalyear.



Chiyoda aims to transform its business portfolio and earnings structure, which is not affected byresource prices, by expanding its business in the environment area.

6. Forecast
The full-year consolidated forecast remains unchanged.

2Chiyoda Global Headquarters
Minato Mirai Grand Central Tower
4-6-2, Minatomirai, Nishi-ku,
Yokohama 220-8765, Japanwww.chiyodacorp.com/en＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊＊
Appendix
Ⅰ. Breakdown of Revenue, New Order, and Backlog(Omitted)
Ⅱ. Major Ongoing Projects
Chiyoda continues executing ongoing projects in cooperation with our clients, whilst taking
countermeasures against the spread of COVID-19.

Ⅲ. Growth Strategy
Digital Transformation



3D Plant Engineering

In August 2020, Chiyoda established PlantStream Inc. with Arent Inc., which has advanced CADtechnologies.

PlantStream Inc. can create a 3D Model of 1,000 pipes in 1 minute, making it possible to build
3D Models up to 5 times faster and resulting in an 80% reduction in work volume for 3D plantengineering basic design.

Please find a QR code in the presentation slide for a video.

Strengthened IT infrastructure

In October 2020, Chiyoda established TIS Chiyoda Systems Inc. with TIS Inc., a leading ITcompany.

TIS Chiyoda Systems Inc. provides integrated IT systems to advance company-wide
digitalization and delivers IT solutions to enhance corporate value.

Frontier Business

Chiyoda focuses on three business areas; carbon recycling, diversified utilities and pharmaceuticals
and life science.

Chiyoda is continuing the advance towards a hydrogen society by using its SPERA hydrogentechnology to progress the world’s first global hydrogen supply chain demonstration project. For thefirst time ever, SPERA hydrogen was successfully transported from Brunei Darussalam and supplied3

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

as a power generation fuel ne. Please find a QR code in the presentation slide for a video.
SPERA hydrogen is highly regarded in Singapore and Chiyoda is collaborating with Singapore’s
government and local companies towards a sustainable hydrogen economy in the city-state.

Chiyoda’s aim is for sustainable development through a balanced expansion between its existing EPC
business and its new non-EPC business, focusing on decarbonization and carbon recycling.

-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 be
construed in any way as being guaranteed by the Company. Investors are recommended not to depend
solely on these projections for making investment decisions.

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