Financial Result for 3 rd Quarter of Fiscal Year 2004 January 28, 2005 Yokogawa Electric Corporation 1
Revised Budget FY03 Result Budget 2004/5/11 Revised Budget 2004/11/9 (a) 2005/1/28 (b) (b)-(a) 390.5 420.0 410.0 400.0 (10.0) Sales 371.9 400.0 400.0 390.0 (10.0) Operating 18.3 30.0 30.0 27.0 (3.0) Ordinary 15.3 25.0 25.0 23.0 (2.0) Net 24.3 15.0 15.0 10.0 (5.0) 2
3Q Financial Result Budget 11/9 1Q Result 3Q 9 month Total Achieve ment 410.0 99.3 96.6 85.8 281.7 69% Sales 400.0 76.4 110.7 73.6 260.7 65% Operating 30.0 1.6 9.0 0.6 11.1 37% Ordinary 25.0 1.4 8.6 (0.5) 9.4 38% Net 15.0 0.3 2.5 (2.0) 0.9 6% 3
Comparison of Financial Result FY03/3Q and /3Q FY03 3Q (A) 3Q (B) Growth ratio(%) (B)-(A) 100.7 85.8 15% 14.9 Sales 80.3 73.6 8% 6.7 Operating 0.5 0.6 20% 0.1 Ordinary 0.2 0.5 0.3 Net 2.5 2.0 0.5 4
Comparison of FY03/1Q-3Q and /1Q-3Q FY03 1Q-3Q A) 1Q-3Q(B) Growth ratio(%) B)-(A) 289.3 281.7 3 (7.6) Sales 246.8 260.7 6 13.9 Operating 5.2 11.1 113 5.9 Ordinary 3.0 9.4 213 6.4 Net (2.8) 0.9 3.7 5
Non operating / Extra-ordinary Income and Expenses Operating Non-operating Non-operating expenses Ordinary Extra-ordinary Extra-ordinary expenses Income before tax Tax, etc Net FY03 1Q-3Q 5.2 2.4 4.6 3.0 2.6 7.1 (1.5) 1.3 (2.8) 1Q-3Q 11.1 2.1 3.8 9.4 1.3 8.8 1.9 1.0 0.9 6
Others Information Measurement 289.3 Comparison of FY03/1Q-3Q and /1Q-3Q and Sales by Segment 281.7 39.1 33.5 14.6 17.7 75.1 72.6 7.6 5.6 +3.1 2.5 Others Information Measuremen t 246.8 39.4 11.8 69.0 Sales 260.7 39.3 14.2 75.5 +13.9 0.1 +2.4 +6.5 Control 160.5 157.9 2.6 Control 126.6 131.7 +5.1 7
Global Sales Total 41.4% 43.5% 47.2% 37.0% 33.9% 205.4 187.1 173.7 166.5 48.9% 50.5% 48.4% Control 48.5% 52.5% 57.3% 54.1% 40.1% Measurement 55.2% 76.3% 47.0% 55.9% 155.1 57.5 59.0 69.0 89.3 88.3 109.7 34.8% Overseas Japan 97.6 114.7 97.5 116.1 98.8 73.6 36.0 37.6 75.2 38.0 37.2 91.3 86.9 44.2 45.6 47.1 41.3 53.2 56.5 91.6 52.5 39.1 40.1 21.7 18.4 42.2 16.9 36.3 43.2 12.6 20.3 25.3 23.7 22.9 55.6 57.8 31.1 31.9 24.5 25.9 17.7 13.5 4.2 8
Operating Income by Segment Operating Income 5.2 11.1 0.1 5.8 Control FY03 1Q-3Q 1.7 1Q-3Q 7.4 Diffe rence 5.7 Measurement 0.5 Measur ement 6.0 5.8 (0.2) Control Information Others 6.0 7.4 1.7 (3.0) (2.2) Inform ation Others (3.0) 0.5 5.2 (2.2) 0.1 11.1 0.8 (0.4) 5.9 9
Trend of Balance Sheet 48.2 0.1 102.8 43.2 13.5 87.8 Assets 35.0 1.1 32.0 0.1 30.0 0.1 117.0 107.8 86.3 52.1 56.4 68.2 10.9 8.8 11.2 91.9 92.2 90.5 49.2 52.2 50.4 54.5 20.0 37.4 38.8 37.6 Note/Account receivable Inventories Fixed Assets Investments Liabilities and Shareholders Equity 397.4 364.7 386.3 378.4 397.4 386.3 Cash Time 364.7 378.4 deposits FY02 FY03 H 3 Deferred tax assets 108.7 124.2 32.3 35.3 64.2 99.6 97.2 99.1 137.6 128.0 119.1 32.3 32.3 32.3 35.3 35.5 35.5 92.6 93.3 92.4 FY02 FY03 H 3Q Bank Loan & bonds Other liabilities Paid in capital Capital surplus Retained earning Total Assets Turnover Fixed Assets to Shareholders Equity FY02 0.92 115.4% FY03 0.98 106.6% H 1.06 100.1% 3Q 101.2% Interest-bearing Debt Ratio Debt/Equity Ratio Shareholders Equity Ratio FY02 29.8% 82.5% 36.1% FY03 25.1% 62.1% 40.3% 1H 25.2% 60.4% 41.7% 3Q 26.2% 61.9% 42.3% 10
Trend of Cash Flow FY01 04 3Q 25 20 15 10 20.5 16.1 8.3 8.8 Operating CF Investment CF Free CF 5 0-5 -10-15 1.8 (1.2) (4.4) (3.1) (1.9) (2.3) (10.2) (11.1) FY01 FY02 FY03 1Q-3Q 11
Revised Budget FY03 Result Budget 2004/5/11 Revised Budget 2004/11/9 (a) 2005/1/28 (b) (b)-(a) 390.5 420.0 410.0 400.0 (10.0) Sales 371.9 400.0 400.0 390.0 (10.0) Operating 18.3 30.0 30.0 27.0 (3.0) Ordinary 15.3 25.0 25.0 23.0 (2.0) Net 24.3 15.0 15.0 10.0 (5.0) 12
FY03/04 Sales and by Segment FY03 1Q 3Q Total 1Q 3Q Total 90.5 98.1 100.7 101.2 390.5 99.3 96.6 85.8 118.3 400.0 Sales 67.7 98.8 80.3 125.1 371.9 76.4 110.7 73.6 129.3 390.0 Operating (2.1) 6.8 0.5 13.1 18.3 1.6 9.0 0.6 15.8 27.0 13
Non-operating / extraordinary Income and Expenses Operating Non-operating Non-operating expenses Ordinary Extra-ordinary Extra-ordinary expenses Income before tax Tax, etc Net FY03 Annual 18.3 4.2 7.1 15.3 6.2 17.0 4.5 (19.8) 24.3 1Q-3Q 11.1 2.1 3.8 9.4 1.3 8.8 1.9 1.0 0.9 Annual Budget 27.0 (4.0) 23.0 (9.0) 14.0 4.0 10.0 14
Revised and Sales Budget by Segment Others Information Measurement 360.8 59.0 24.8 84.4 390.5 54.0 20.9 105.3 410.0 52.0 28.0 400.0 52.0 28.0 Others 328.8 59.3 Sales 371.9 56.0 20.5 400.0 390.0 55.0 55.0 24.0 24.0 105.0 95.0 Information 111.0 101.0 (10.0) 23.9 98.8 (10.0) Measurem 76.1 ent Control 192.6 210.3 225.0 225.0 Control 169.5 196.6 210.0 210.0 15
Revised Operating Income Target by Segment Operating Income Others Control 1.6 1.4 6.5.5) ) 18.3 1.5 9.8 10.2 (3.2) 30.0 1.0 12.0 18.0 ) 27.0 1.0 9.0 18.0.0) 3.0 Control Measurement Information Others Total (11/11) 18.0 12.0 (1.0) 1.0 30.0 (1/28) 18.0 9.0 (1.0) 1.0 27.0 Differ ence 0 (3.0) 0 0 (3.0) FY02 FY03 Actual Actual 11/9 1/28 16
Trend of and Sales Sales 201.9 204. 195.9 177.8 183.0 188.6 96.0 98.8 98.1 101.2 96.6 118.3 budget 100.7 81.8 84.2 90.5 99.3 85.8 1Q 3Q 1Q 3Q 1Q 3Q FY02 1H FY02 2H FY03 1H FY03 2H 1H 2H 205.4 202.9 187.1 173.7 166.5 155.1 96.3 111.1 98.8 125.1 110.7 129.3 budget 80.3 62.6 67.7 76.4 73.6 58.8 1Q 3Q 1Q 3Q 1Q 3Q FY02 1H FY02 2H FY03 1H FY03 2H 1H 2H 17
Trend of and Sales Control Business Sales 115.8 109.2 106.4 103.9 97.9 94.7 48.9 55.2 55.3 49.8 59.0 67.1 budget 45.8 54.1 42.7 51.1 50.2 48.7 1Q 3Q 1Q 3Q 1Q 3Q FY02 1H FY02 2H FY03 1H FY03 2H 1H 2H 118.4 109.7 94.3 86.9 91.6 75.2 70.0 78.3 62.0 52.3 58.6 45.2 budget 30.0 32.3 34.6 39.7 33.0 40.1 1Q 3Q 1Q 3Q 1Q 3Q FY02 1H FY02 2H FY03 1H FY03 2H 1H 2H 18
Trend of and Sales Measurement Business Sales 47.6 42.8 41.6 22.5 23.2 19.3 57.7 51.1 30.2 20.5 27.5 30.6 20.3 22.3 24.4 1Q 3Q 1Q 3Q 1Q 43.9 42.2 43.2 22.4 budget 21.5 33.9 30.1 20.8 24.2 19.0 12.1 13.1 57.8 55.6 29.8 30.4 25.8 27.4 3Q 1Q 3Q 1Q 3Q 1Q 43.2 25.2 budget 17.7 3Q FY02 1H FY02 2H FY03 1H FY03 2H 1H 2H FY02 1H FY02 2H FY03 1H FY03 2H 1H 2H 19
Trend of and Sales ATE Business 40 35 30 25 20 15 10 5 0 1.7 4.4 Ando 3.9 Yokogawa 3.0 01 1H Memory SOCetc Handler 5.6 7.4 01 2H 4.1 18.3 5.8 12.5 10.4 7.7 2.7 4.4 0.8 1.4 02 1H 14.3 15.9 02 2H 23.9 8.7 03 1H 36.3 13.6 03 2H 31.8 18.7 9.6 3.5 04 1H Sales 24.0 18.5 4.0 1.5 04 2H Budget 40 35 30 25 20 15 10 5 0 13.7 4.0 9.7 01 1H Memory Ando SOCetc Handler 6.6 2.8 3.8 Yokogawa 01 2H 14.2 12.3 4.8 3.8 7.5 7.3 7.4 11.9 2.1 1.1 1.8 02 1H 02 2H 21.2 03 1H 32.2 19.0 12.1 16.4 14.2 3.7 4.8 03 2H 38.6 04 1H 24.0 18.5 4.0 1.5 04 2H Budget 20
Trend of Stock Price 180 160 140 120 100 80 60 40 20 0 00/3 00/6 00/9 00/12 01/3 01/6 01/9 01/12 02/3 02/6 02/9 02/12 03/3 03/6 03/9 03/12 04/3 04/6 04/9 04/12 05/1/27 Yokogawa TOPIX 03/12 100 954 1,060 991 965 1,100 1,110 863 1,045 1,059 930 765 737 788 927 1,070 1,548 1,544 1,455 1,276 1,372 1,364 1,706 1,592 1,471 1,284 1,277 1,301 1,023 1,032 1,060 1,025 921 843 788 903 1,019 1,044 1,179 1,190 1,104 1,139 1,141 62 68 64 62 71 72 56 68 68 60 49 48 51 60 69 100 100 94 82 89 88 163 153 141 123 122 125 98 99 102 98 88 81 76 87 98 100 113 114 106 109 109 21
Disclaimer The information pertaining to our business plans and forecasts that has been provided in this presentation and at analyst meetings contains forward-looking statements that are based on our management s current knowledge and require the making of assumptions about future events. As such, it cannot be guaranteed that these statements will not differ materially from actual. 22