Nippon Sanso : Supplementary Materials for Consolidated Business Performance for Q1 of FYE2022

Q1 FYE2022

Consolidated Financial Results

Earnings Announcement	7/29/2021
22:00
（Three months ended June, 2021）
edition

July 30, 2021

Tokyo（Japan）

Important Notice

	For the purpose of this notice, "presentation" means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by
	NIPPON SANSO Holdings Corporation ("NSHD") regarding this presentation. This presentation (including any oral briefing and any question-and-answer in connection with it) is not
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	be the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restriction may
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	●Forward-Looking Statements
	This presentation and any materials distributed in connection with this presentation may contain forward-looking statements, beliefs or opinions regarding NSHD's future business, future
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	expressed or implied by the forward-looking statements: the economic circumstances surrounding NSHD's global business, including general economic conditions here and abroad;
	competitive pressures and developments; changes to applicable laws and regulations; the success of or failure of product development programs; decisions of regulatory authorities and the
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	the timing and impact of PMI (post-merger integration) efforts with acquired companies; the ability to divest assets that are not core to NSHD's operations and the timing of any such
	divestment(s); and other factors identified in NSHD's most recent annual Consolidated Financial Statements on Japanese Securities relevant acts and exchange commission, available on
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	● Certain Non-IFRS Financial Measures
	This presentation and materials distributed in connection with this presentation include certain financial measures not presented in accordance with International Financial Reporting
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	evaluates results and makes operating and investment decisions using both IFRS and non-IFRS measures included in this presentation. These non-IFRS measures exclude certain income,
	cost and cash flow items which are included in, or are calculated differently from, the most closely comparable measures presented in accordance with IFRS. By including these non-IFRS
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	non-IFRS measures are not prepared in accordance with IFRS and such non-IFRS measures should be considered a supplement to, and not a substitute for, measures prepared in
	accordance with IFRS. Investors are encouraged to review the reconciliation of non-IFRS financial measures to their most directly comparable IFRS measure, which are on the part of our
	slide deck.
	● Financial information
	NSHD's financial statements are prepared in accordance with international Financial Reporting Standards ("IFRS").
2	July 30, 2021 | NIPPON SANSO Holdings Supplementary Materials FYE2022 Q1 results

Contents

1. Q1 FYE2022 Business performance
2. FYE2022 full-term Forecast
3. Appendix
4. 1. Group summary
   2. Changes in disclosure details
   3. Non-recurringitems
   4. Key performance Indicators
   5. Condensed consolidated statements of Cash flows
   6. Condensed consolidated statements of Financial position
   7. Revenue composition
   8. Industrial gas supply systems

3	July 30, 2021 | NIPPON SANSO Holdings Supplementary Materials FYE2022 Q1 results

1. Q1 FYE2022 Business performance

4	July 30, 2021 | NIPPON SANSO Holdings Supplementary Materials FYE2022 Q1 results

1. Q1 FYE2022 Business performance

Consolidated results

			FYE2021		FYE2022			YoY		FYE2022
			Q1		Q1			Difference			％ Change		Full-term forecast
（Unit: bn.）			（Apr.-Jun.）		（Apr.-Jun.）								（Announced on May 10）
Revenue			184.5		218.3	+33.8	+18.3%	865.0
Core operating income	14.0		24.5	+10.5	+74.6%	96.0
Core OI margin			7.6%		11.3%							11.1%
Non-recurring items			－		－			－				0.5
Operating income（IFRS）	14.0		24.5	+10.5	+74.6%	96.5
OI margin			7.6%		11.3%							11.2%
Financial income and expenses	-2.5		-2.3	+0.2				-10.5
Income before income taxes	11.4		22.2	+10.8	+93.1%	86.0
Income tax expenses	-3.8		-5.7	+1.9				-26.0
Net income			7.6		16.4	+8.8	+115.0%	60.0
(Attribution of net income)
Net income attributable to owners of the parent	7.4		16.0	+8.6	+116.0%	58.2
NI margin			4.0%		7.4%							6.7%
Net income attributable to non-controlling interests	0.1		0.3	+0.2				1.8
Forex （Unit: JPY）	USD	107.38		109.76							105
(average rate during the period)	EUR	118.74		132.44							125
	AUD	71.69		84.15							74

5	July 30, 2021 | NIPPON SANSO Holdings Supplementary Materials FYE2022 Q1 results