ENEOS (5020) Investor update summary

Corporate overview and business activities

• Established in 2022 through a split and integration of JSR's elastomer business and ENEOS' high-performance materials, with about 3,033 employees and ¥347.0 billion in FY2024 net sales.

• Operations are centered in Japan with global sites in Asia, Europe, and the U.S.; main business areas are tire materials, battery materials, elastomers, and high-performance polymers.

• Holds the top elastomer market share in Japan and is fourth in Asia, with 400,000 tons capacity in Japan and 500,000 tons in Asia.

• Around 80% of sales are automotive-related, with 56% of sales overseas.

Product and market positioning

• Supplies a wide range of elastomers and high-performance polymers for tires, batteries, automotive, and non-automotive applications.

• Materials are used in tire components, battery binders for EVs, automotive hoses, adhesives, golf balls, medical, and food packaging.

• Focuses on C4 fraction from naphtha crackers as key feedstock for polymer production.

ENEOS group synergies and strengths

• Leverages advanced polymer technology, high-quality production, and group-wide procurement and R&D synergies.

• Deep expertise in polymer technologies and stable mass production since 1957.

• Strong focus on developing environmentally conscious, high-performance materials for automotive and industrial applications.