FY2015 QUARTER 3 RESULTS FY2015 QUARTER 3 RESULTS

(from 1 April 2014 to 31 December 2014)
30 January 2015

Results continue to show improvement over previous year

Market conditions remain mixed, with improvements in some regions and reductions in others

Further improvement in trading profitability expected during the remainder of FY2015

FY2015 full-year forecast maintained

Q3 results show improvement over previous year

o Cumulative Group revenues of ¥ 466.6bn were 3% above the previous year (Q3 FY14: ¥ 451.2bn)

o Trading profit, before amortization and exceptional items, of ¥ 16.7bn (Q3 FY14: ¥ 14.2bn) reflects

lower fixed costs

o Q3 FY15 Architectural revenue ¥ 189.8bn (Q3 FY14: ¥ 181.4bn) and profits of ¥ 10.1bn (Q3 FY14:

¥ 7.3bn)

o Q3 FY15 Automotive revenue ¥ 232.0bn (Q3 FY14: ¥ 224.7bn) and profits of ¥5.0bn (Q3 FY14:

¥ 6.7bn)

o Q3 FY15 Technical Glass revenue ¥ 43.9bn (Q3 FY14: ¥ 44.4bn) and profits of ¥ 4.1bn (Q3 FY14:

¥ 3.9bn)

o Cost savings continue to be delivered as expected

Market conditions mixed, with improvements in some regions and reductions in others

o Stable architectural market conditions in Europe, but still at a low level

o European cumulative light-vehicle sales were slightly ahead of previous year

o In Japan, lower architectural volumes following consumption tax increase, but long-term prospects

continue to be positive

o OE volumes in Japan robust despite consumption tax increase

o In North America, architectural markets maintaining strength. Continuing improvements in

automotive markets

o In the Rest of the World, architectural markets experienced increased demand levels in South East

Asia. Automotive markets in South America were weak

o Technical glass markets were mixed, increased competition in thin glass for displays, while components used in multi-function printers enjoyed solid demand

Nippon Sheet Glass Co., Ltd. Corporate Communications Department

5-27, 3-chome, Mita Minato-ku, Tokyo, 108-6321 Japan

TEL: +81-3-5443-9477 FAX: +81-3-5443-9543


Extract from NSG Group FY2015 Quarter 3 financial results presentation, 30 January 2015

Consolidated Income Statement

(JPY bn)

Change from Cum Q3 FY2014

Revenue 3%** Trading profit

Amortization*

Operating profit before exceptional items Exceptional items Operating profit/(loss) Finance expenses (net) Share of JVs and associates Profit/(Loss) before taxation Profit/(Loss) for the period Profit/(Loss) attributable to owners of the parent

EBITDA 8%

* Amortization arising from the acquisition of Pilkington plc only

** 0% based on constant exchange rates

Further improvement in profitability

30 January 2015 FY2015 Quarter 3 Results

Nippon Sheet Glass Co., Ltd. Corporate Communications Department

5-27, 3-chome, Mita Minato-ku, Tokyo, 108-6321 Japan

TEL: +81-3-5443-9477 FAX: +81-3-5443-9543

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