Results Briefing for Fiscal 2022 (FY2022*)

*Throughout this document, FY2022 refers to the fiscal year ended March 31, 2023.

May 11, 2023

UACJ Corporation

© UACJ Corporation. All rights reserved.

Key Points of Today's Announcements

FY2022: Sales increased YoY but ordinary income before metal price lag decreased to ¥16.1 bn (YoY: ¥(5.2) bn)

FY2023: We expect improvements resulting from the manifestation of the effects of the energy surcharge and a recovery in automotive-related demand

1

  • FY2022 Overview
    • In FY2022 profits declined year on year, hit by the impact of disruption to automotive production.
    • Japan: Automotive-related businesses was affected by market conditions, but sales of air conditioner fin materials and other general-purpose materials increased
    • Overseas: Captured strong global can stock demand, and profits increased at both TAA*1 and UATH*2
    • Structural reforms: Generated ¥21.0 billion in structural reform effects, established a system that enables to respond the external business environment promptly

2

  • Full-YearForecast for FY2023
    • We expect a recovery in automobile-related demand as a result of a recovery in domestic production units in the second half
    • We expect to achieve profitability at UWH*3 with the easing of disruption to automotive production in North America
    • Effects of energy surcharges in Japan manifested themselves throughout the year
    • Continuing to work to pass additional burden of electricity costs on to sales prices

*1

TAA: Tri-Arrows Aluminum Inc.

1

*2

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

© UACJ Corporation. All rights reserved. *3

UWH: UACJ Automotive Whitehall Industries, Inc.

Changes in the External Environment and Our Countermeasures

With the aim of stabilizing profits, we established a pricing scheme that will be resilient to changes in the business external environment

Japan

TAA (United States)

UATH (Thailand)

Increase in aluminum ingot prices

Pass on to sales prices

Updated contracts (including

Pass-through to sales prices

new ones)

Pass through to sales

Already introduced pricing

already implemented on

system linked to market

Soaring unit energy prices

schedule

prices

prices

(already introducedpricing

Revisions during contract

Continuing to consider additional

system linked to market

period for existing contracts

burden of electricity costs on to

prices)

Reached agreements with

sales prices

some customers concerning

the pass-through of high

energy prices

Soaring additive metals prices

We have introduced a pricing system linked to market prices for products that

include many additive metals

Pass through to sales prices

Increase in logistics costs

―

(already introducedformula

system)

2

Contents

1. Results for FY2022

2. Progress on Structural Reforms

3. Full-Year Forecast for FY2023

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

5. Sustainability Initiatives

6. Reference Data

3

© UACJ Corporation. All rights reserved.

１． Results for FY2022

© UACJ Corporation. All rights reserved.

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UACJ Corp. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:15:59 UTC.