JGC : Outline of Financial Results for Fisical Year 2020

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Outline of Financial Results for Fiscal Year 2020

April 1, 2020 - March 31, 2021

May 12, 2021

JGC HOLDINGS CORPORATION

General Manager, Group Finance & Accounting

Department

Shinichi Taguchi

Contents

1. Highlights of Fiscal Year 2020
2. Income and Comprehensive Income
3. Segment Information
4. Balance Sheets
5. Cash Flows
6. Outline of Contracts
7. Forecasts for Fiscal Year 2021

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1. Highlights of Fiscal Year 2020

• Secured new orders exceeding the initial forecasts for large- scale overseas projects in addition to those for a growing number of domestic projects.
• Good progress made in ongoing projects despite the impact of COVID-19.
• Achieved operating income and ordinary income exceeding the initial forecasts as a result of strong project execution in projects nearing completion together with SG&A reduction.

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2. Income and Comprehensive Income

【Unit: Billions of Yen】

	FY2019	FY2020			Initial
	Difference【Unit: Billions of Yen】
					Forecast
Net sales	480.8	433.9	△ 46.8	480.0
Gross profit	43.3	43.7	+0.4	43.0
Profit ratio	9.0%	10.1%	+1.1pt	9.0%
Operating income	20.2	22.8	+2.6	20.0
Ordinary income	22.3	25.5	+3.1	23.0
Profit attributable to	4.1	5.1	+1.0	8.0
owners of the parent
Profit	4.2	5.2	+0.9
Other comprehensive	△ 18.5	24.7	+43.2
income
Comprehensive income	△ 14.2	29.9	+44.1

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3. Segment Information

【Unit: Billions of Yen】

FY2019	FY2020	Difference

Total Engineering	Net sales	426.7	388.5	△ 38.1	△ 9%
Segment profit	12.0	16.8	+4.7	+39%
Functional Materials	Net sales	46.6	40.7	△ 5.9	△ 13%
Manufacturing	Segment profit	6.7	5.8	△ 0.9	△ 14%
Others (Including	Net sales	7.3	4.6	△ 2.7	△ 37%
adjustments)	Segment profit	1.4	0.2	△ 1.1	△ 83%
Total (Consolidated)	Net sales	480.8	433.9	△ 46.8	△ 10%
Segment profit	20.2	22.8	+2.6	+13%

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4. Balance Sheets

		【Unit: Billions of Yen】
	FY2019	FY2020	Difference
Current assets	537.9	548.3	+10.4
Non-current assets	133.3	154.1	+20.8
Total assets	671.2	702.5	+31.2
	FY2019	FY2020	Difference
Current liabilities	228.3	197.0	△ 31.3
Non-current liabilities	51.9	87.8	+35.9
Total net assets	390.9	417.6	+26.6
JV Cash	141.9	197.0	+55.1
JGC Portion

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5. Cash Flows

			【Unit: Billions of Yen】
	FY2019	FY2020	Difference
Operating Cash Flows	92.4	12.4	△ 79.9
Investing Cash Flows	19.3	△ 13.5	△ 32.8
Financing Cash Flows	△ 7.6	0.1	+7.8
Net increase (decrease)	100.3	4.4	△ 95.8
Cash & cash equivalents at end	261.8	268.2	+6.3
of period
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6. Outline of Contracts

ⅰ）New Contracts

			【Unit: Billions of Yen】
		FY2020	Initial
		Actual	Forecast
Overseas	500.9	540.0
Domestic	182.1	130.0
Total	683.0	670.0
FY2020		Oil Refinery Modernization (Iraq)
Major New		Biomass Power Generation (Japan)
Contracts		Gas Separation Plant (Saudi Arabia)

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ⅱ）Outstanding Contracts

By Business Area

By Region

【Unit: Billions of Yen】

7% 5% 8%			1%
6%	13%	6%
10%		3%

941.61,241.2 36%

41%

64%

FY2019	FY2020
	FY2019	FY2020
■ Oil & Gas development	76.2	69.1
■ Petroleum refining	55.1	448.4
□LNG	602.2	510.0
■ Chemical	96.4	31.8
■ Power generation, nuclear power	66.8	163.1
■ Others	44.6	18.4

		【Unit: Billions of Yen】
17%			16%
	7%	36%	3%
941.6	1,241.2
3%
58%
13%	2%	36%
2%		7%
FY2019		FY2020
		FY2019	FY2020
■ Japan		158.0	192.7
■ South East Asia		70.8	35.2
□Middle East		32.6	452.9
■ Africa		119.6	86.1
■ Oceania		18.1	23.0
■ North America & Others		542.2	451.1

FY2020	Over 100 Billion Yen	Over 50 Billion Yen	Over 30 Billion Yen
LNG（Canada）	Biomass Power Generation	Gas Separation Plant (Saudi Arabia)
Major
Outstanding	Oil Refinery	(Japan)	Biomass Power Generation (Japan)
Contracts	Modernization（Iraq）	FLNG (Mozambique)

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7. Forecasts for Fiscal Year 2021

【Unit: Billions of Yen】

	FY2020	Forecast
	Actual
New contracts	683.0	500.0
Net sales	433.9	470.0
Gross profit	43.7	38.0
Profit ratio	10.1%	8.1%
Operating income	22.8	16.0
Ordinary income	25.5	19.0
Income attributable to owners	5.1	13.0
of the parent
Annual dividend per share	¥12.00	¥15.00
Forecasts based on (/US$)	-	¥107.00

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