Kansai Paint : Presentation Material of Financial Results for Fourth Quarter of FY2022

Presentation Material of Financial Results FY2022

May. 11, 2023

Agenda

1. Summary of Financial Results for FY2022

２．Summary of Financial Results for FY2023 （plan)

1. Financial Summary by Region
2. Shareholder Return

P3－9

P10

P11- 15

P16

• 2

Key Points for Financial Results of FY2022

Achieved the plan revised upward last November, and ordinary income and EBITDA reached a record high.

• Ordinary income increased for the 5th consecutive fiscal year
• Operating income increased approximately 7% excluding the impact of FX impacts, etc.
• Price pass-through has progressed steadily, with a 170% pass-through rate in the 4Q and 134% for the FY2022.
• Performance recovery in the automotive sector has been remarkable since the second half of the year
• Significant improvement in CCC due to securitization of receivables, etc. (-16 days)
• Steady execution of bolt-on M&A in Europe
• Implemented a large-scale share buyback. Decided to retire treasury stock and sell cross- shareholdings stocks

～Major advances in both offense and defense～

3

Consolidated results of FY2022

JPY billion

	FY2021	FY2022	YOY	YOY(%)
	results	results
Sales	419	509	90	21.4%
Operating income	30	32	2	6.6%
Ordinary income	38	40	3	6.9%
EBITDA	54	58	4	7.6%
EBITDA margin	12.8%	11.3%	-1.5pt	-
Net income	27	25	-1	-5.0%

• Price pass-through in Japan made significant progress in 4Q. Price pass-through ratio for the consolidated full year reached 134%, resulting in a significant increase in revenue.
• Although income decreased in Europe due to one-time factors such as the application of superinflation accounting in Turkey (-2.1 billion yen), however, recurring profit increased year-on- year due to recovery in Japan and India.

4

Consolidated Results (Comparison with Revised guidance)

JPY billion

	FY2022	FY2022
	orijinal	revised
	forcast	forcast
	as of May.	as of Nov.
Net sales	460	500
Operating income	29	32
Ordinary income	36	39
EBITDA​	53	56
EBITDA margin (％)	11.5%	11.2%
Net income	21	23
EPS【JPY】	82.47	95.44

FY2022 Result

509 32 40 58 11.3% 25 104.61

Original forcast	Revised
VS	forecast
FY2022	VS.FY2022
49	9
3	0
4	1
5	2
-0.2pt	0.1pt
4	2
22.14	9.17

Achieved all upwardly revised plan figures. Price pass-through in Japan segment in 4Q made a significant contribution.

5