20111110 ceo e

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

All Rights Reserved. CHIYODA 2011

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


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



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)



Major projects under executionJapan LNG receiving terminal Oil refinery revamping, upgrading and energy-saving work Pharmaceutical plant Next-generation battery-related facility Shutdown maintenance


O ( f f S )


★ 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



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



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)


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)


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%)


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


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


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


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


Newcastle LNG 1.0 mmtpa


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.



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


*1:Engineering subsidiaries in India and Philippines