Presentation Material of Financial Results FY2022

May. 11, 2023

Agenda

1. Summary of Financial Results for FY2022

２．Summary of Financial Results for FY2023 （plan)

  1. Financial Summary by Region
  2. Shareholder Return

P3－9

P10

P11- 15

P16

  • 2

Key Points for Financial Results of FY2022

Achieved the plan revised upward last November, and ordinary income and EBITDA reached a record high.

  • Ordinary income increased for the 5th consecutive fiscal year
  • Operating income increased approximately 7% excluding the impact of FX impacts, etc.
  • Price pass-through has progressed steadily, with a 170% pass-through rate in the 4Q and 134% for the FY2022.
  • Performance recovery in the automotive sector has been remarkable since the second half of the year
  • Significant improvement in CCC due to securitization of receivables, etc. (-16 days)
  • Steady execution of bolt-on M&A in Europe
  • Implemented a large-scale share buyback. Decided to retire treasury stock and sell cross- shareholdings stocks

～Major advances in both offense and defense～

3

Consolidated results of FY2022

JPY billion

Sales

Operating income Ordinary income EBITDA EBITDA margin Net income

FY2021 results

419

30 38 54 12.8% 27

FY2022 results

509

32 40 58 11.3% 25

YOY

90

2 3 4 -1.5pt-1

YOY(%)

21.4%

6.6% 6.9% 7.6% - -5.0%

  • Price pass-through in Japan made significant progress in 4Q. Price pass-through ratio for the consolidated full year reached 134%, resulting in a significant increase in revenue.
  • Although income decreased in Europe due to one-time factors such as the application of superinflation accounting in Turkey (-2.1 billion yen), however, recurring profit increased year-on- year due to recovery in Japan and India.

4

Consolidated Results (Comparison with Revised guidance)

JPY billion

Net sales Operating income Ordinary income EBITDA​ EBITDA margin (％) Net income EPS【JPY】

FY2022

FY2022

orijinal

revised

forcast

forcast

as of May.

as of Nov.

460

500

29

32

36

39

53

56

11.5%

11.2%

21

23

82.47 95.44

FY2022 Result

509 32 40 58 11.3% 25 104.61

Original forcast

Revised

VS

forecast

FY2022

VS.FY2022

49

9

3

0

4

1

5

2

-0.2pt

0.1pt

4

2

22.14

9.17

Achieved all upwardly revised plan figures. Price pass-through in Japan segment in 4Q made a significant contribution.

5

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Kansai Paint Co. Ltd. published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2023 08:25:03 UTC.