B i O i fBusiness Overview for the First Half ofthe First Half of
Fiscal Year Ending March 2012
Takashi KubotaTakashi KubotaPresident and CEONovember 10, 2011
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Table of Contents
1. Management Overview for the First Half of FY 2012/3 Major new orders Major projects under execution Targeted new orders Initiati es in ne b siness fields Initiatives in new business fields Partnering with other companies Assistance for rehabilitation and reconstruction from the
earthquake
2 Outlook for the Business Environment2. Outlook for the Business Environment LNG Supply-Demand Outlook Competition with Korean contractors/ continued appreciation of
ththe yen Overseas business expansion of Japanese companies
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1. Management Overview for First Half of FY2012/3
Major new ordersOverseas
A LNG P j t FEED*1 Arrow LNG Project FEED 1
EPCm*2 services contract for Qatargas (Chiyoda Almana Engineering)
JapanJapan Japan Underground Oil Storage Co., Ltd. /Kuji National Petroleum Stockpiling
BaseR h bilit ti k d f iliti d d b th G t E t JRehabilitation work on ground facilities damaged by the Great East Japan Earthquake
JX Nippon Oil & Energy Corporation/Sendai Refinery Emergency countermeasures against the earthquake
Change orders for backlog projects
*1 FEED (Front End Engineering and Design): Basic design*2 EPCm : Engineering, Procurement and Construction management
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1. Management Overview for First Half of FY2012/3
Major Projects under Execution Overseas Qatar/ Gas Processing Plant (Completed in October, 2011) Qatar/ Plateau Maintenance Project S di A bi / H Oil C ki U it Saudi Arabia/ Heavy Oil Cracking Unit Papua New Guinea/ LNG PlantMalaysia/ Polycrystalline Silicon PlantMalaysia/ Polycrystalline Silicon Plant Philippines/ Nickel Refining Plant Australia/ LNG Project FEED (Browse Arrow) Australia/ LNG Project FEED (Browse, Arrow) Singapore/ Oil Refinery EPCm (Chiyoda Singapore) Malaysia/ Oil Refinery EPCm (Chiyoda Singapore)a ays a/ O e e y C (C yoda S gapo e)
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1. Management Overview for First Half of FY2012/3
Major projects under executionJapan LNG receiving terminal Oil refinery revamping, upgrading and energy-saving work Pharmaceutical plant Next-generation battery-related facility Shutdown maintenance
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O ( f f S )
1. Management Overview for First Half of FY2012/3
★ EPC / EPCm Execution★ FEED / Feasibility Study
Major Overseas Projects under Execution (As of end of Sep. 2011)
Al Jubail Export Refinery
★
Yamal LNGRussia / LNG
Saudi Arabia/ Refinery
Industrial Wastewater Treatment
Saudi Arabia/ Water
Nickel Refining Plant★
Arzew LNGAlgeria / LNG
Pearl GTL
Qatar/ GTL
Plateau Maintenance ProjectSh ll P tdi k
★ ★
★
★
★
Philippines / Material
TokuyamaMalaysia/ Renewable Energy Material★
★
★
Qatar/ LNG
Long Term Service Agreement ( RasGas / Qatargas )
Qatar/ LNG StolthavenSingapore/ Tank terminal
PNG LNGPapua New Guinea/ LNG
Shell PortdicksonMalaysia/ Refinery
Ichthys LNGA t li / LNG
★★
★
★
Arrow LNG★
Malaysia/ Renewable Energy Material★
★
★
Shell BukomSingapore/ Refinery
Australia / LNG
Browse LNGAustralia / LNG
Arrow LNGAustralia / LNG
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1. Management Overview for First Half of FY2012/3
Projects expected in 2nd Half Australia/ Ichthys LNG Project Vi t / Oil R fi Vietnam/ Oil Refinery Japan/ LNG Receiving Terminal Japan/ Petroleum/ Chemical/ Pharmaceutical Projects Japan/ Petroleum/ Chemical/ Pharmaceutical Projects
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1. Management Overview for First Half of FY2012/3
Projects expected for succeeding years Overseas LNG projects (Browse LNG, Arrow LNG)
Projects in Iraq
Projects at overseas group companies(Chiyoda Singapore, Chiyoda Almana Engineering)
Projects related to overseas business expansion by Japanese companiesp p
LNG receiving terminals in Japan ( t d i )(grass-roots and expansion)
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1. Management Overview for First Half of FY2012/3 Initiatives in new business fields Infrastructure→ Green Infrastructure Project Division established
Focusing on projects related to transportation infrastructure, water t d i l i f t t b imanagement and social infrastructure businesses
→ Collaboration with CTCI Corporation (Taiwan)
New energy→ Business development of next generation solar thermal power→ Business development of next-generation solar thermal power
generation (Cooperation with Archimede Solar Energy)
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1. Management Overview for First Half of FY2012/3 Partnering with other companies
Saipem S.p.A (Italy)→ Onshore LNG and gas processing and upstream projects→ Onshore LNG and gas processing, and upstream projects
Archimede Solar Energy (Italy)gy ( y)→ Next-generation solar thermal power generation projects
CTCI Corporation (Taiwan)→ Non-Hydrocarbon projects (Capital investment of 10%)
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1. Management Overview for First Half of FY2012/3 Assistance for rehabilitation and reconstruction from the
earthquake
Reconstruction Support Task Team and Sendai Office establishedestablished.The Group is making concerted efforts in rehabilitation workwork.
Reconstruction support Reconstruction support・ Countermeasures against tsunami and earthquake・ Review for production structure and location・ Review for production structure and location
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2. Outlook for the Business Environment LNG Supply-Demand Outlook (After the earthquake)Demand increased after the earthquake
400LNG Supply-Demand OutlookMillion ton/year
Forecast after the earthquake
300
350Forecast before the earthquake
the earthquake
250
300
150
200
Capacity in Operation Capacity under ConstructionExpected Demand
100
150
2010 2012 2014 2016 2018 2020
Expected Demand
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Source: Made by Chiyoda Corp. based on various data
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2. Outlook for the Business Environment Competition with Korean contractors/continued appreciation of the yen
Expanding global operations by leveraging overseas group companies and business partnerships.and business partnerships. (Chiyoda Singapore, Chiyoda Almana Engineering, Toyo-Thai Corporation)
→ Orders received jointly with Toyo-Thai Corporation in Southeast Asia
Overseas business expansion by Japanese companies Enhance regional execution system for respective area Enhance regional execution system for respective area
(Indonesia, Malaysia, Thailand, etc.)
Strengthen our competitiveness by improving productivity and reducing costs
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Please address inquiries to;
IR and Public Relations OfficeTEL +81-45-506-7538FAX +81-45-506-7085
URL https://ssl chiyoda-URL https://ssl.chiyoda-corp.com/contact/index.php
Forward-looking StatementsTh f t d l i thi t ti b d i f ti il bl t tThe forecasts and plans in this presentation are based on information available to management on November 10, 2011, the date these materials were prepared. Actual results may differ significantly from these forecasts for a number of factors, including but not limited to changes in economic conditions and operation environment in Japan and overseas.
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Major LNG Projects in AustraliaExisting
Under Construction/After FID*
PlannedBrowse12.0 mmtpa
Prelude3 6 mmtpa
Darwin-13.0 mmtpa
Ichthys8.4 mmtpa
*FID: Final Investment Decision
North West Shelf (NWS)16.3 mmtpa
Greater Sunrise4.0 mmtpa
3.6 mmtpaBonaparte FLNG
2.0 mmtpa
Gladstone LNG
** Red boxes are the projects we participate
Pluto 1
Wheatstone8.9 mmtpa
Gladstone LNG (Fisherman’s Landing)
3.0 mmtpa
Australia Pacific LNG9.0 mmtpa
4.3 mmtpa
Gorgon
Pluto 24.3 mmtpa
Queensland Curtis LNG8.5 mmtpa
GLNG 7 8 mmtpaGorgon
15.0 mmtpa
Scarborough
7.8 mmtpa
Arrow Energy LNG8.0 mmtpa
Source: Made by Chiyoda Corp. based on various data
Newcastle LNG 1.0 mmtpa
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Sou ce ade by C yoda Co p based o a ous da a
Major Planned (before Final Investment Decision) LNG ProjectsLNG Projects
Shtokman Yamal
Sakhalin T3Damietta T2
Snohvit
VladivostokArzew
Idku T3Kitimat
Sabine PassFreeport
7+BrassOK
Liquid Niugini Gas
Das Island
Pluto2IchthysB
Angola T2
Cameroon
Arrow EnergyFLNG
Mozambique
BrowseScarboroughMasela
Greater Sunrise etc.
Source: Made by Chiyoda Corp. based on various data
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y y p
Global Operation Unit: Person
6,500 6,5507,000 7,150
1,400 1,4001,550 1,600
2,100 2,250 2,650 2,750
3 000 2 9003,000 2,900 2,800 2,800
09/3 10/3 11/3 11/9
Chiyoda Group Companies (Domestic/Overseas) Global Engineering Satellite*1
*1:Engineering subsidiaries in India and Philippines
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*1:Engineering subsidiaries in India and Philippines
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