Results Briefing for the First Three Months of Fiscal 2023 (Q1 FY2023*)

August 3, 2023

UACJ Corporation

© UACJ Corporation. All rights reserved.

Key Points of Today's Announcements

Q1 FY2023: Operating profit before metal price lag increased due to profitability improvements in the domestic business and the effects of higher profit at TAA*1 and UWH*2

Revenue: ¥211.1 billion (YoY: ¥(45.1) bn), operating profit before metal price lag: ¥11.0 billion (YoY*3: +¥2.1 bn)

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  • Q1 FY2023 Overview

Japan:

Although we secured profits through revisions to prices and the adoption of a market price-

linked scheme, demand remains sluggish in some areas. With production disruption moving

towards resolution, sales of automotive body panel materials increased

    • Overseas: In addition to the positive shift in UHW's profit and loss, TAA saw an increase in profits due to improvements in product mix and manufacturing costs etc., despite the correction in demand for can stock
  • No change to initial full-year forecasts for FY2023
    • With automobile-related sectors benefiting from resolution of production disruption, positive shifts in profit and loss are expected for both Japan and UWH
    • Demand for can stock in North America and Southeast Asia is undergoing a correction, but we will work to improve profitability through price revisions and by optimizing product mix, etc.
    • Market price-linked scheme will be applied throughout the year to address the risk of soaring prices for energy and additive metals

© UACJ Corporation. All rights reserved.

*1 TAA: Tri-Arrows Aluminum Inc. *2 UWH: UACJ Automotive Whitehall Industries, Inc.

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*3 IFRS figures for Q1 FY2022 results are rough estimates, and may change depending on the results of quarterly reviews going forward.

Contents

1. Results for Q1 FY2023

2. Forecast for FY2023

3. Voluntary Adoption of International Financial Reporting Standards (IFRS)

4. Sustainability Initiatives

5. Reference Data

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© UACJ Corporation. All rights reserved.

1. Results for Q1 FY2023

© UACJ Corporation. All rights reserved.

1. Results for Q1 FY2023

Overview of Results for Q1 FY2023

Operating profit before metal price lag: ¥11.0 billion (YoY*1: +¥2.1 billion）

Operating profit: ¥8.2 billion (YoY: ¥(9.5) billion）

Sales volume: 280,000 tons (YoY: -73,000 tons)

  • Can stock: Sales at UATH (Thailand)*3 and TAA (U.S.) declined due to the impact of excess inventories of can stock, primarily in North America
  • Automotive-related:On a recovery trend following resolution of production disruption

Operating profit before metal price lag: YoY: +¥2.1 billion

Positive factors

  • Improved profitability for domestic businesses (Passing-on of sharp increases in energy, additive metal, and other prices, etc.)
  • TAA recorded increase of profits due to improvements in product mix and manufacturing costs, etc.

Interim dividend planned

Negative factors

  • UATH profitability deteriorating due to temporary slowing of demand for can stock in North America and Southeast Asia
  • Plan interim dividend per share of 40 yen and year-end dividend of 45 yen, for a total of 85 yen
  • Targeting consolidated dividend payout ratio of 20-30%

*1

IFRS figures for Q1 FY2022 results are rough estimates, and may change depending on the results of quarterly reviews going forward.

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© UACJ Corporation. All rights reserved. *2

Actual figures have been restated following change in the accounting period.

*3 UATH: UACJ (Thailand) Co., Ltd.

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Disclaimer

UACJ Corp. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 06:03:17 UTC.