Presenters

Mr. Masakazu Sakakida
Chairman of the Board,President & CEO

Mr. Atsushi Deguchi
Executive Vice President& CFO

0This presentation outlines Chiyoda Corporation's (Chiyoda)
financial results for the first quarter of the fiscal year ending
March 31, 2024, released on August 2, 2023.

11. Increased business profitability
Increased income and profits compared to the same period
last year. We are continuing to build on a robust start toFY2023, similar to FY2022 when we achieved the highest
annual profit for 10 years.
2. Stabilizing the profit-making baseAiming to achieve high and stable profit levels for two
consecutive terms by consistently executing existing projects,
accumulating businesses in new business fields andoptimizing resource allocation
3. Progress in new business fields
Participating in the planning of demonstration/basicengineering projects, mainly in the carbon neutral field, withthe aim of implementing the technology and creating business
opportunities for new projects2•

Increased Income and Profits compared to the same period
last year. Revenue and Profits are increasing as planned toachieve the full year forecast.

•Revenue was JPY 129.4 billion, an increase of JPY 53.7
billion YoY, achieving 29% of the full year forecast.

•Gross Profit was JPY 8.4 billion, an increase of JPY 1.9
billion YoY, achieving 24% of the full year forecast.

•SG&A Expenses was 3.3 billion, an increase of JPY 0.6
billion YoY.

•Operating Income was JPY 5.1 billion, an increase of JPY 1.3
billion YoY, achieving 25% of the full year forecast.

•Ordinary Income was JPY 6.5 billion, an increase of JPY 2.9billion YoY, achieving 32% of the full year forecast.

•

Net Profit was JPY 4.9 billion, an increase of JPY 2.7 billion
YoY, which is double that of the same period last year,
achieving 33% of the full year forecast.

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The graph shows the results for the first quarter of this fiscal year
compared to last year for Gross Profit, SG&A Expenses andOperating Income.
• Gross Profit was JPY 8.4 billion, an increase of JPY 1.9 billion
YoY. Energy and Global Environment Gross Profit are JPY 3.2billion and JPY 5.2 billion respectively, the latter increasing
significantly.
• SG&A Expenses was JPY 3.3 billion, an increase of JPY 0.6
billion YoY. The results are controlled to be 22% of the full year
forecast of 15.0 billion.
• Operating Income was JPY 5.1 billion, an increase of JPY 1.3billion YoY.

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•Total Assets was JPY 402.7 billion. This is approximately thesame as reported at the end of the last fiscal year (JPY 406.6billion).

•There was no significant fluctuation in Assets and Liabilities
with the amounts increasing or decreasing due to theprogress of ongoing projects.

•Shareholders Equity recovered to JPY 31.6 billion, anincrease of JPY 9.4 billion from the end of the last fiscal year.
Shareholders Equity Ratio improved to 7.8%.

5•

New Orders received was JPY 34.4 billion and the orderbacklog was JPY 1,128.6 billion.

•Please refer to the table below for major projects in the orderbacklog.

6This section is the latest update of Major Ongoing Projects.
All 4 projects are progressing steadily.
• The Tangguh LNG Expansion project in Indonesia is in thefinal stage of construction with completion targeted in 2023.
• Construction of Golden Pass LNG in the USA is progressing.
• Construction of NFE LNG in Qatar is ongoing, along withengineering and procurement.
• Construction of a copper smelting project in Indonesia isprogressing.

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This section concerns new projects in the carbon neutral field.
• We have been participating in the planning of demonstration/basic engineering
projects, mainly in the carbon neutral field, to implement related technologies intosociety. We will collaborate with customers in the demonstration phase of projects toaccumulate expertise and create business opportunities for new projects.
• We have been awarded an EPC contract by IMPEX CORPORATION for a CO2/hmethanation test plant. Methanation technology to convert hydrogen and CO2 into
synthetic methane is a key component for gas decarbonization and the plant is one of
the world’s largest facilities.
• We have been awarded an EPC contract by ENEOS Corporation for a 1 Barrel per
Day synthetic fuel production plant to produce synthetic fuels made from CO2 andhydrogen. Through this project, we will contribute to the early social implementation ofsynthetic fuel production technology.
• We have been awarded a contract by SEKISUI CHEMICAL CO., LTD. for a CO2 to
CO chemical transformation plant. This efficient technology developed by SEKISUItransforms CO2 to CO with a CO2 conversion rate of 90% or higher. CO is a key raw
material for carbon neutrality technologies with anticipated increasing future demand
and we will actively cooperate with its social implementation.
• We are cooperating with JERA Co., Inc. and NIPPON SHOKUBAI CO., LTD,
combining the expertise of each company in the development of ammonia cracking
technology that is competitive compared to existing technologies and the utilization ofammonia as a hydrogen carrier to transport and store hydrogen.
• Chiyoda will continue contributing to the social implementation of our technologies byscaling up and developing business opportunities in collaboration with customers.

8This is a breakdown of Revenue and Backlog for the first quarterof this fiscal year for reference.

9This is a five year financial data history for reference.

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