BusinessBiOOverviewiffor
the First Half of
Fiscal Year Ending March 2012
Takashi Kubota
President and CEO
November 10, 2011

All Rights Reserved. CHIYODA 2011

Table of Contents
1.

2
2.

Management Overview for the First Half of FY 2012/3
Major new orders

Major projects under execution



Targeted new ordersInitiati es in new
Initiatives
ne bbusinesssiness fields

Partnering with other companies

Assistance for rehabilitation and reconstruction from theearthquake

Outlook for the Business Environment

LNG Supply-Demand Outlook

Competition with Korean contractors/ continued appreciation ofthe yenthOverseas business expansion of Japanese companies

All Rights Reserved. CHIYODA 20111

1. Management Overview for First Half of FY2012/3
 Major new ordersOverseas

 ArrowA
LNG PProjectj t FEED*11
 EPCm*2 services contract for Qatargas (Chiyoda Almana Engineering)Japan Japan Underground Oil Storage Co., Ltd. /Kuji National Petroleum Stockpiling
BaseR h bilit ti work
Rehabilitation
k on groundd ffacilities
iliti damagedddb
by theth GGreatt East
E t Japan
JEarthquake JX Nippon Oil & Energy Corporation/Sendai RefineryEmergency countermeasures against the earthquake Change orders for backlog projects*1 FEED (Front End Engineering and Design): Basic design*2 EPCm : Engineering, Procurement and Construction management

2All Rights Reserved. CHIYODA 2011

1. Management Overview for First Half of FY2012/3
 Major Projects under ExecutionOverseas
 Qatar/ Gas Processing Plant (Completed in October, 2011)
 Qatar/ Plateau Maintenance Project Saudi
S di A
Arabia/bi / H
Heavy Oil CCracking
ki UUnitit Papua New Guinea/ LNG Plant
 Malaysia/ Polycrystalline Silicon Plant
 Philippines/ Nickel Refining Plant Australia/ LNG Project FEED (Browse(Browse, Arrow) Singapore/ Oil Refinery EPCm (Chiyoda Singapore)a ays a/ OOil Refinerye e y EPCmC (C(Chiyodayoda SSingapore)gapo e) Malaysia/All Rights Reserved. CHIYODA 20113

1. Management Overview for First Half of FY2012/3
 Major projects under executionJapan LNG receiving terminal Oil refinery revamping, upgrading and energy-saving work
 Pharmaceutical plant Next-generation battery-related facility Shutdown maintenance

4All Rights Reserved. CHIYODA 2011

1. Management Overview for First Half of FY2012/3
 Major Overseas
OProjects under Execution (As( off end off Sep.
S2011))★ EPC / EPCｍ Execution★ FEED / Feasibility Study
Yamal LNG
Russia / LNG★

Arzew LNG
Algeria / LNG

Al Jubail Export Refinery
Saudi Arabia/ Refinery
Industrial Wastewater Treatment
Saudi Arabia/ Water
Nickel Refining Plant
Philippines / Material★
★★ ★

Pearl GTL
Qatar/ GTL★
★
Plateau Maintenance Project★ ★
ShellShllP
PortdicksontdikQatar/ LNG★
Malaysia/ Refinery
Long Term Service Agreement★
( RasGas / Qatargas )★
Stolthaven
Qatar/ LNG★
Singapore/Tank terminal Ichthys LNG
A t li / LNG
AustraliaShell BukomBrowse LNG
Singapore/Australia / LNG
RefineryTokuyama
Malaysia/ Renewable Energy Material★

PNG LNG
Papua New Guinea/ LNG★Arrow LNG
Australia / LNG

All Rights Reserved. CHIYODA 20115

1. Management Overview for First Half of FY2012/3
 Projects expected in 2nd Half Australia/ Ichthys LNG Project Vietnam/Vi t/ Oil Refinery
R fi Japan/ LNG Receiving Terminal Japan/ Petroleum/ Chemical/ Pharmaceutical Projects

All Rights Reserved. CHIYODA 20116

1. Management Overview for First Half of FY2012/3
 Projects expected for succeeding years
 Overseas LNG projects (Browse LNG, Arrow LNG)
 Projects in Iraq
 Projects at overseas group companies(Chiyoda Singapore, Chiyoda Almana Engineering) Projects related to overseas business expansion byJapanese
pcompaniesp
 LNG receiving terminals in Japan((grass-rootst andd expansion)i )7
All Rights Reserved. CHIYODA 2011

1. Management Overview for First Half of FY2012/3
 Initiatives in new business fields
 Infrastructure→ Green Infrastructure Project Division established
Focusing on projects related to transportation infrastructure, water
managementt andd social
i l iinfrastructuref t tbbusinessesi→ Collaboration with CTCI Corporation (Taiwan)

 New energy→ Business development of next-generationnext generation solar thermal power
generation (Cooperation with Archimede Solar Energy)

8All Rights Reserved. CHIYODA 2011

1. Management Overview for First Half of FY2012/3
 Partnering with other companies
 Saipem S.p.A (Italy)→ Onshore LNG and gas processing,processing and upstream projects
 Archimede Solar Energygy ((Italy)y)→ Next-generation solar thermal power generation projects
 CTCI Corporation (Taiwan)→ Non-Hydrocarbon projects (Capital investment of 10%)

9All Rights Reserved. CHIYODA 2011

1. Management Overview for First Half of FY2012/3
 Assistance for rehabilitation and reconstruction from theearthquake Reconstruction Support Task Team and Sendai Officeestablished.
established
The Group is making concerted efforts in rehabilitation
work.
work
 Reconstruction support・ Countermeasures against tsunami and earthquake
・ Review for production structure and location

10
All Rights Reserved. CHIYODA 2011

2. Outlook for the Business Environment LNG Supply-Demand Outlook (After the earthquake)Demand increased after the earthquake
LNG Supply-Demand Outlook

Million ton/year

400

Forecast after
the earthquake

350

Forecast before
the earthquake

300
250
200
150

Capacity in Operation
Expected Demand100
2010

2012

Capacity under Construction

2014

2016

2018

2020

Source: Made by Chiyoda Corp. based on various data

All Rights Reserved. CHIYODA 201111

2. Outlook for the Business Environment Competition with Korean contractors/continued appreciation of the yen Expanding global operations by leveraging overseas group companies
and business partnerships.
(Chiyoda Singapore, Chiyoda Almana Engineering, Toyo-Thai Corporation)→ Orders received jointly with Toyo-Thai Corporation in Southeast Asia Overseas business expansion by Japanese companies
 Enhance regional execution system for respective area
(Indonesia, Malaysia, Thailand, etc.)

Strengthen our competitiveness by improving
productivity and reducing costs
12All Rights Reserved. CHIYODA 2011

Please address inquiries to;

IR and Public Relations OfficeTELFAX+81-45-506-7538+81-45-506-7085URL https://ssl
https://ssl.chiyodachiyodacorp.com/contact/index.php

Forward-looking Statements
The forecasts
Thft andd planslin
i thisthi presentationt ti are bbasedd on iinformation
fti available
il bl tto managementt on
November 10, 2011, the date these materials were prepared. Actual results may differ significantly
from these forecasts for a number of factors, including but not limited to changes in economic
conditions and operation environment in Japan and overseas.

13

Major LNG Projects in Australia
ExistingBrowse
12.0 mmtpa

Ichthys
8.4 mmtpa

Darwin-1
3.0 mmtpa

Under Construction/After FID*
PlannedPrelude
3.636 mmtpa
Bonaparte FLNG
2.0 mmtpa*FID: Final Investment Decision
Greater Sunrise
4.0 mmtpa

North West Shelf (NWS)
16.3 mmtpa** Red boxes are the projects weparticipate

Gladstone LNG(Fisherman’s Landing)

3.0 mmtpa

Wheatstone
8.9 mmtpa

Australia Pacific LNG
9.0 mmtpa

Pluto 1
4.3 mmtpa

Queensland Curtis LNG
8.5 mmtpa

Pluto 2
4.3 mmtpa

GLNG
7.878 mmtpa

Gorgon15.0 mmtpa

Arrow Energy LNG
8.0 mmtpaScarboroughNewcastle LNG
1.0 mmtpa

Source:Souce Madeade by C
Chiyodayoda CoCorp.
p based oon various
a ous dadataaAll Rights Reserved. CHIYODA 201114

Major Planned (before Final Investment Decision)
LNG Projects
Yamal

Shtokman
Snohvit

KitimatSabine Pass
Freeport

Sakhalin T3

Damietta T2
Idku T3

Vladivostok
Arzew

Das Island

７＋BrassOK

FLNG

Cameroon

Liquid Niugini Gas
Mozambique
Pluto2Ichthys
B
BrowseScarboroughAngola T2
MaselaGreater Sunrise etc.

Arrow Energy

Source: Made byy ChiyodayCorp.
p based on various data

All Rights Reserved. CHIYODA 201115

Global Operation
6,500

Unit: Person
7,000

7,150

1,550

1,600

6,550

1,400

1,400

2,100

2,250

2,650

2,750

3 000
3,0002 900
2,900

2,800

2,800

09/3

10/3

11/3

11/9

ChiyodaGroup Companies (Domestic/Overseas)

Global Engineering Satellite*1*1:Engineering subsidiaries in India and Philippines

All Rights Reserved. CHIYODA 201116