ULVAC : Financial Results Presentation for FY2021

(July 2021 - Jun 2022)

Aug.10, 2022

Breakthrough 2022

Disclaimer regarding forward-looking statements

The forward-looking statements, including the earnings forecasts shown in this document are based on information currently available to the Company and on certain Premises deemed to be reasonable. As such, they do not constitute guarantees by the Company of future performance.

Actual business performance and results may differ significantly from these forecasts and other forward-looking statements due to various factors including the global economic situation, market conditions in the semiconductor, electronic device, FPDs, raw materials, and other markets, capital expenditure trends, response to rapid technological innovation, and exchange rate fluctuations.

© 2022 ULVAC, Inc. | Confidential and Proprietary Information

2

Summary (1)

FY21 Results: Orders, sales, and operating profit exceeded both the previous fiscal year and the plan

Orders Received

¥270.1 billion（+36%YoY）

• Semiconductors and Electronics: Active investment in logic, memory, power devices, and various electronic devices
• FPDs: Active investment in LCDs for IT panels

Net Sales

¥241.3 billion（+32%YoY）

• Increased significantly due to higher orders, despite the impact of longer delivery times for parts, etc.

Operating Profit ¥30.1 billion（+75%YoY）

• Gross profit margin was 30.6% (highest level since listed)
• Operating profit margin improved to 12.5% （+3.1ptYoY）

Dividend Forecast	Year-end dividend increased to ¥124 from the initial forecast of ¥110
			(+¥29 from FY20)
			FY2020	FY2021	YoY		FY2021	Vs. Plan
	【Unit:¥1 billion】		Actual	Actual		Plan
	Orders Received	198.9	270.1	+36%		245.0	+10%
		(21/8 : 230.0)
	Net Sales	183.0	241.3	+32%		210.0	+15%
	Operating Profit	17.2	30.1	+75%		26.5	+13%
Breakthrough 2022	3
© 2022 ULVAC, Inc. | Confidential and Proprietary Information									FY211QPSN20220215

Summary (2)

1. Mid-TermManagement Plan: Growth achieved mainly in semiconductors and electronics Profitability improved due to strengthened manufacturing capabilities, despite the impact of longer delivery times for parts and materials
2. FY22 Plan : ¥270 billion for Orders, ¥250 billion for Net Sales, ¥34.5 billion for Operating Profit

Dividend Forecast Dividend for FY22 is expected to be ¥141 (+¥17 from FY21)

【Unit: ¥1 billion】

FY2021		FY2022		Rate of
Actual		Plan		Change

Orders Received	270.1	270.0	-
Net Sales	241.3	250.0	+4%
Operating Profit	30.1	34.5	+15%

4. FY23 and beyond : Next mid-term management plan will be announced in August 2023 Concentrating development investment in growth areas to increase sales and profits and improve profit margins

		Breakthrough 2022	4
© 2022 ULVAC, Inc. | Confidential and Proprietary Information		FY211QPSN20220215

Mid-Term Management Plan Performance Trends and FY22 Plan

¥241.3 billion (+¥58.2 billion YoY) for net sales and ¥30.1 billion (+¥12.9 billion YoY) for operating profit in FY21, significantly higher than the previous fiscal year.

Net Sales for FY22 are planned to be ¥250.0 billion (significant growth in semiconductors and electronics)

and operating profit to be ¥34.5 billion

		Semiconductor & Electronics Device		Component		Materials
Net Sales・Operating Profit（Margin） (Unit: ¥1 billion)		Production Equipment
	FPD Production Equipment		Industrial Equipment		Others

		241.3	250.0
185.4	183.0		13.8%
		12.5%
8.6%		9.4%	34.5
		30.1
16.0		17.2
Actual	Actual	Actual	Plan
FY19	FY20	FY21	FY22

		Breakthrough 2022	5
© 2022 ULVAC, Inc. | Confidential and Proprietary Information		FY211QPSN20220215