Fujifilm : Earning Presentation

Earnings Presentation Financial Results for FY2023

May 9, 2024

Forward-looking statements, such as those relating to earnings forecasts and other projections contained in this material, are management's current
assumptions and beliefs based on currently available information. Such forward-looking statements are subject to a number of risks, uncertainties, and	FUJIFILM Holdings Corporation
other factors. Accordingly, actual results may differ materially from those projected due to various factors.

Agenda

FY2023 (The Fiscal Year Ended March 2024)

Earnings Highlights and Key Topics

Teiichi Goto, President and CEO, Representative Director,

FUJIFILM Holdings Corporation

Financial Results and Business Summary by Operating Segment

Masayuki Higuchi, CFO, Director and Corporate Vice President, FUJIFILM Holdings Corporation

FY2024 (The Fiscal Year Ending March 2025)

3		Financial Forecast for FY2024
	Masayuki Higuchi, CFO, Director and Corporate Vice President,
		FUJIFILM Holdings Corporation

FUJIFILM Holdings Corporation 2

Earnings Highlights		FY2023		FY2024		Appendices

FY2023

Earnings Highlights and Key Topics

01

FUJIFILM Holdings Corporation 3

Earnings Highlights		Highlights		Key Topics		FY2023		FY2024		Appendices

Earnings Highlights for FY2023

Consolidated Performance for FY2023

	Revenue
	Record high
Healthcare	¥2,960.9 billion
1.7 times	YoY	(➡+ 3.6%)
FY2020 FY2023	VISION2023 CAGR	( ➡+10.5%)
	(FY2020→FY2023)

( Exchange rates : ¥145/US$, ¥157/Euro )

	Operating income
	Record high
Healthcare	¥276.7 billion
1.7 times	(➡+ 1.3%)
FY2020 FY2023	(➡+18.7%)

¥150 / share

¥100 / share

Dividend per share

1.5 times

FY2020 FY2023

Net income

attributable to FUJIFILM Holdings

Record high

¥243.5 billion

(➡ +11.0%) (➡ +10.4%)

• Revenue, operating income and net income attributable to FUJIFILM holdings reached record highs
• Revenue and operating income increased mainly due to strong sales in Medical Systems and Imaging, and the impact of exchange rates
• Net income attributable to FUJIFILM Holdings increased mainly due to higher operating income and valuation gains on marketable and investment securities

Consolidated Performance for Q4 FY2023	( Exchange rates : ¥149/US$, ¥161/Euro )	Quarterly net income
Revenue	Operating income
attributable to FUJIFILM Holdings
Record high	Record high	Record high
¥805.5 billion	¥71.8 billion	¥69.7 billion
YoY (➡+5.3%)	(➡+1.9%)	(➡+6.2%)

• Revenue, operating income and quarterly net income attributable to FUJIFILM holdings reached record highs

FUJIFILM Holdings Corporation 4

Earnings Highlights		Highlights		Key Topics		FY2023		FY2024		Appendices

Highlights of Financial Forecast for FY2024

Full-year Forecast for FY2024

Exchange rates:

¥140/US$ (- ¥5 YoY),

¥150/Euro (- ¥7 YoY)

Revenue	Operating income	Net income
attributable to FUJIFILM Holdings
Record high	Record high
¥3,100.0 billion	¥300.0 billion	¥240.0 billion

	( + 4.7%)
YoY	➡

(

➡

• 8.4%)

( ➡- 1.4%)

Points

• No change from the forecast announced on April 17 together with the medium-term management plan VISION2030
• Aiming for record high revenue and operating income
• Net income attributable to FUJIFILM Holdings is expected to be the same level as the previous year due to the absence of valuation gains on marketable and investment securities and exchange rate gains/losses (previous year: ¥27.4 billion), which were recorded as non- operating income in the previous year
• Total investments* of ¥757.0 billion, higher than in the previous year, are planned mainly in Bio CDMO and Semiconductor Materials
• Aiming to be a company that contributes to the realization of a sustainable society by focusing more on resolving social issues through our business activities

*Total investments = Capital Expenditure (tangible, software, rental assets, etc.) + R&D expenses

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Earnings Highlights		Highlights		Key Topics		FY2023		FY2024		Appendices

Shareholder Returns

• The annual dividends for FY2023 are ¥50 per share, including a commemorative dividend for the 90th anniversary of our founding (pre-split figure: ¥150 per share)
• The annual dividends for FY2024 are forecasted at ¥60 per share, marking the 15th consecutive annual increase

(pre-split figure: ¥180 per share)	Dividends	15th consecutive
			annual increase

Shareholder

Returns

Balance of the three

Financial

Discipline

• DPS (Dividend Per Share)
  The Company implemented a 3-for-1 stock split of common

	DPS	Dividend
	¥60
	payout ratio
	per share
	DPS
60.00	¥50
per share
DPS
¥43.3	Commemorative
per share
	dividend
	30%
30.00		30%
		30%
Business
Growth
0.00		20%

FY2022FY2023FY2024

shares on April 1, 2024; DPS for FY2023 and FY2022 are post-split figures.	FUJIFILM Holdings Corporation	6

Earnings Highlights		Highlights		Key Topics		FY2023		FY2024		Appendices

Key Topics ❶ VISION2030 Follow-up 1/3

Business portfolio management

Implementing the VISION2030 strategy to further strengthen business portfolio

Business portfolio management

High

Market attractiveness (growth rate, etc.)

	Growth Driver
New / Future Potential	Bio CDMO business
	p.8

Value Reconstruction	Earnings Base
Graphic Communications

p.9

Low		Profitability of the Company		High

FUJIFILM Holdings Corporation 7

Earnings Highlights

Highlights

Key Topics

FY2023

FY2024

Appendices

Key Topics ❶ VISION2030 Follow-up 2/3

Bio CDMO

Making a new large-scale investment totaling approx. ¥180 billion ($1.2 billion) at the North Carolina site in the U.S. Aiming to achieve ¥700 billion in revenue by FY2030 through further growth in the Bio CDMO business

Negotiation progress of large bioreactors (20,000L)

SOLD*	Available
U.S. - 2nd phase		Revenue
Progress since last	New
8 units	announcement (Feb. 8, 2024)	FY2028
	Operational from

Denmark - 2nd
phase
8 units
U.S. - 1st phase
8 units
Contract with Janseen Supply
		Group (estimated)
Denmark - 1st
phase
6 units
Existing units
6 units
	6 units	12 units	20 units	28 units	･･･	36 units
	FY2023	FY2024	FY2025	FY2026	FY2030
*Including informal agreements for which the desired quantity to be manufactured is expected from negotiations and such, in addition to those already contracted.		FUJIFILM Holdings Corporation 8

Earnings Highlights

Highlights

Key Topics

FY2023

FY2024

Appendices

Key Topics ❶ VISION2030 Follow-up 3/3

Graphic Communications

Based on the business development strategy of becoming the only "solution partner" that can cover all areas of printing from office to commercial/industrial printing, we have reorganized the Graphic Communications into the Business Innovation segment

Graphic Communications market environment and our opportunities

• Global consolidation of production lines implemented in anticipation of declining overall demand for large-lot analog printing

• Advantage of an overwhelming customer base that represents the leading share of the global printing plate market

• Growing needs for high-speed digital printing and digital transformation ("DX") in line with an increase in high-mix,small-lot printing and color printing

Supporting customers' digital shift as the only solution partner that can

cover all areas of printing from office to commercial printing

Target 1	Develop devices and DX solutions based on xerography/inkjet
	technologies and their synergies to demonstrate our high ability
	to resolve our customers' problems
Target 2	Maximize sales synergies through mutual use of the customer
	bases and channels of Graphic Communications and the former
	Business Innovation segment

Shift from "Value Restruction" business to "Earnings Base" business

	Until FY2023		From FY2024
Healthcare			Healthcare
Materials	Graphic Communications	(Name change)	Electronics
Business Innovation		Reorganized	Business Innovation
	Graphic Communications
Imaging			Imaging
			FUJIFILM Holdings Corporation	9

Earnings Highlights

Highlights

Key Topics

FY2023

FY2024

Appendices

Key Topics ❷: Initiatives toward Sustainability 1/2

Environment (Nature Positive)

"Halt and reverse biodiversity loss and put nature on a path to recovery"

We are a member of the 30by30 Alliance for Biodiversity*

• Established by the Ministry of the Environment in April 2022, a voluntary coalition of companies, local governments, NPOs and others aiming to achieve the 30by30 target, an international commitment to conserve at least 30% of land and sea areas by 2030

Made a decision to donate a total of ¥1.0 billion to the Fujifilm Green Fund, a charitable trust

A charitable trust established in 1983 with our donation on the occasion of our 50th anniversary, and it is the first public trust in Japan established by

a private company for nature conservation.

Four Enterprises: Over the past 40 years, the Fund has provided 220 grants and support for various activities and research dedicated to preserving and nurturing the natural environment.

• Afforestation for the future, ❷ Greenery aid, ❸ Green activity aid, ❹ Greenery conservation and application research aid

Achieving Nature Positive

COP transition and related movements				Company's activity
		1934	Founding of Fuji Photo Film Co. Ltd.
			1983	Established the Charitable Trust Fujifilm Green Fund (FGF)
The United Nations Framework Convention on Climate Change adopted	1992
COP3 "Kyoto Protocol" adopted (effective from 2005)	1997
		1998	Started volunteer tree planting activity in desert areas of China
		2006	Established "Approach to CSR"
COP21 "Paris Agreement" adopted (effective from 2016)	2015
		2017	Established CSR plan "Sustainable Value Plan 2030"
		2020	Set decarbonization targets (targets increased in 2021)
COP15 "Kunming-Montreal Global Biodiversity Framework" adopted	2022				40th
→"Nature Positive" direction clearly defined			2024	Donated a total of ¥1.0 billion to FGF
					Anniversary

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