ＨＯＹＡ（7741） – Presentation for the three months ended Dec.31,2021

HOYA CorporationQ3 FY2021 Earnings PresentationFebruary 1, 2022© 2022 HOYA CORPORATION All Rights ReservedForward Looking StatementHOYA may make comments and disclose information which include forward-looking statements with respect to HOYA´s plans and future performance. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements and are based on management´s assumptions and beliefs in light of the information available when such statements were prepared, including exchange and interest rates, international situations, market trends and economic conditions, competition, production capacity, estimates of revenues, operating margins, capital expenditures, cash, other financial metrics, expected legal, arbitration, political, regulatory, clinical or research and development capabilities, results or practices, customer patterns or practices, reimbursement activities and outcomes, effects of pandemics or other widespread health problems such as the ongoing COVID-19 pandemic on our business, and other such estimates and results. HOYA does not guarantee the accuracy or completeness of such information and HOYA does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise.2CEO TransitionOn December 22, we announced the resignation of CEO Hiroshi Suzuki and the appointment of current CTO Eiichiro Ikeda as the next CEO. The key points of this announcement are as follows.Background of Resignationmore time with his family.• Mr. Suzuki has been CEO for more than 20 years and is now in his 60s, and he wanted to spend • About a year ago, he approached the Nomination Committee and agreed to step down when the business stabilizes from the COVID impact.Succession Process• The Nomination Committee, which has been discussing the Succession Plan for some time, began selecting specific candidates.• The committee selected Mr.Ikeda, who has a proven track record and is well versed in technological development, which is the source of growth.Upcoming Schedule• Mr.Suzuki to pass the CEO baton to Mr.Ikeda on March 1.• Plan to explain new management direction at FY21 Q4 earnings announcement.© 2022 HOYA CORPORATION All Rights Reserved3Introduction of the Incoming CEOEiichiro IkedaMarch 17, 1970Graduated from Chuo University, Bachelor of Science and Engineering——————————————————————————————Apr. 1992Jan. 2010Joined HOYAGeneral Manager of Media, MemoryDisk (MD)Co-CEO of Memory Disk (MD) & GeneralManager of MediaHead of HOYA Optical LensExecutive Officer & Chief Operating Officer(COO), Information TechnologyExecutive Officer & COO, InformationTechnology & Chief Technology Officer (CTO)Executive Officer & COO, Information & Technology& CTO & President of HOYA Eye CareExecutive Officer, Group Chief Technology Officer (CTO)Representative Executive Officer and Chief Executive Officer(CEO)Feb. 2010Sept 2010June 2013June 2015Mar. 2018Mar. 2020Mar. 2022© 2022 HOYA CORPORATION All Rights Reserved4Key Takeaways1. Achieved record-high revenue and operating profit.2. Life Care sales continued to recover and exceeded pre-COVID levels, despite concerns around the resurgence caused by variants. 3. All products achieved double-digit growth in the Information Technology Business. 3.5″ substrates for data centers maintained momentum.4. We will launch a share buyback program (amount up to ¥60bn): the policy of returning excess cash to shareholders while prioritizing investment for growth remains unchanged. © 2022 HOYA CORPORATION All Rights Reserved5Financial Overview(¥bn)RevenuePretax ProfitNet Profitcf. Operating Profitcf. Operating Profit MarginQ3 FY20Q2 FY21Q3 FY21YoY146.9162.6171.3+17%45.836.946.154.043.049.251.9+13%40.9+11%53.5+16%+9%31.4%30.3%31.3%-0.1ppt+1.0ppt• On a constant currency basis, growth rate was +11% for revenue and +9% for PTP• PTP declined QoQ due to FX loss of ¥1.9 bn in Q3 against FX gain of ¥3.0 bn in Q2.© 2022 HOYA CORPORATION All Rights ReservedQoQ+5%-4%-5%6Life Care(¥bn)RevenuePretax Profitcf. Operating Profitcf. Operating Profit MarginQ3 FY20Q2 FY21Q3 FY21YoY99.1105.5+12%QoQ+6%23.419.821.523.2+4%-8%+7%+17%23.0%19.9%22.0%-1.0ppt+2.1ppt94.520.721.7• On a constant currency basis, growth rate was +7% for revenue and +1% for PTP• Compared to pre-Covid (FY19 Q3), revenue was +7% (excluding the impact of the reactionary decline in contact lenses following the tax hike)© 2022 HOYA CORPORATION All Rights Reserved7Life Care: Revenue by ProductHealth CareMedical105.5 ¥105.5 bn29.194.5 ¥94.5 bn25.469.176.4FY20 Q3FY21 Q3© 2022 HOYA CORPORATION All Rights ReservedEndoscopes [YoY +9% / vs FY19 -1%]-Secured growth despite procurement of components remained constrained.-We will continue to focus on securing components.IOLs [YoY +6% / vs FY19 +12%]-Europe drove growth. Japan started to recover. -Continue to develop new tech & bolster sales force.Eyeglass Lenses [YoY +5% / vs FY19 +8%]-Robust sales in APAC (especially in China).-Focus on high-end products such as photochromic lenses and MiYOSMART.Contact Lenses [YoY +8% / vs FY19 +6%**]-Increased outings led to contact lens consumption.-Acquired company operating over 10 stores. We will continue to focus on M&A.*Constant currency basis** Excluding the impact of the reactionary decline in contact lenses following the tax hike (approx. 2.9 billion yen)8Information Technology (IT)(¥bn)RevenuePretax Profitcf. Operating Profitcf. Operating Profit MarginQ3 FY20Q2 FY21Q3 FY21YoY64.3+26%QoQ+4%51.123.925.162.031.030.131.3+31%+1%31.1+24%+3%49.2%48.6%48.4%-0.8ppt-0.2ppt• On a constant currency basis, growth rate was +19% for revenue and +25% for PTP© 2022 HOYA CORPORATION All Rights Reserved9IT: Revenue by ProductElectronicsImaging64.3 ¥64.3bn10.853.549.0 ¥49.0 bn7.943.1FY20 Q3FY21 Q3© 2022 HOYA CORPORATION All Rights ReservedImaging [YoY +27%]-Continued demand for high unit price lenses for mirrorless cameras, etc.- Monitoring the semi-shortage in the camera industry.Mask & Blanks [YoY +14%]LSI-Sustained momentum in EUV blanks.-Maximize existing EUV capacity to meet demand.FPD-R&D demand gradually recovered, led by the Chinese market.-Start operation of high-precision mask writer in Q4.HDD Substrates [YoY +23%]-3.5″ sets sales record, 2.5″ back to decline.-3.5″ sales are expected to adjust temporarily, but mid-to long-term growth outlook remains unchanged.*Constant currency basis10Highlights from the Balance Sheet & Cash Flow- FCF generated in Q3 was 40.8 bn yen (+7.5 bn yen YoY)- Cash & cash equivalents increased to 416.0 bn yen (+98.0 bn yen YoY) – Q3 actual was 5.5 bn yen (-3.2 bn yen YoY)- We expect around 30 bn yen this fiscal year**CashCAPEX*D&A- Q3 was 10.7 bn yen (+1.5 bn yen YoY); flat-ish QoQ- We expect around 43.0 bn yen annual D&A***Cash flow basis. Acquisition of PPE*** Decision basis. It may vary depending on the timing of cash-out. No change from the previous forecast.*** No change from the previous forecast.© 2022 HOYA CORPORATION All Rights Reserved11GuidanceQ4 Guidance(¥bn)RevenuePretax ProfitNet Profit(¥bn)RevenuePretax ProfitNet ProfitFull Year GuidanceQoQ-5%-7%-8%Q4 FY20Q4 FY21151.4163.141.330.8FY20547.9159.2125.248.137.8FY21655.0205.0163.0YoY+8%+16%+23%YoY+20%+29%+30%© 2022 HOYA CORPORATION All Rights Reserved12Notes✓ Accounting standard: IFRS✓ The fiscal year ending March 2022 is referred to as “FY21” throughout this document.✓ Figures less than 100 million yen are rounded down. Accordingly, some discrepancies may occur among totals. Ratios are calculated using actual numbers.✓ Operating profit is calculated as reference information for investors; calculated by deducting finance income/costs, share of profits(loss) of associates, foreign exchange gain/loss and other temporary gain/loss from pretax profit.✓ We have omitted a detailed breakdown of financial statements. Please refer to the tanshin or the quarterly report for detailed numbers.http://www.hoya.co.jp/english/investor/library.html © 2022 HOYA CORPORATION All Rights Reserved13© 2022 HOYA CORPORATION All Rights Reserved14