1. HOYA Vision Care Evolving With You

2. Our Company HOYA Vision Care Our Vision Where we started1
Our Vision
Where we started
Fact & Figures
Basics around eyeglass lens
Global market trends for the future
Evolving with you through innovation
Approach to sustainability
75 years of HOYA Group 2 3 4 5 6 7 8

3. Our Vision HOYA Vision Care
At HOYA Vision Care, we are passionate about innovation.
Our goal is to evolve with you to create win/win situations for opticians, specs wearers and our ourselves. Around the world. Every day.
We deliver superior value for our customers and our shareholders.
By the year 2020, we will be the Preferred Eyewear Provider worldwide.

4. Our Mission HOYA Vision Care
Improving specs wearers’ quality of life by providing superior quality eyewear and customer experience worldwide.

5. Our Values      We value
The trust placed in us to improve people lives by providing superior vision care options 
The pride our employees take in designing, making and supplying vision care products 
The tradition that established superior engineering and quality standards evidenced in our products 
The long term, building long term relationships that endure with customers, suppliers and employees 
The importance of being a good citizen everywhere we conduct business respecting the local communities and environments 

6. Born from Innovation. Evolving with you.
The brothers Yamanaka
The HOYA plant circa 1950
In November, 1941, the brothers Shoichi and Shigeru Yamanaka began producing optical glass in the town of Hoya, Tokyo. At the time, production of optical glass was one of the most advanced technologies in Japan.
Seventy-five years later, HOYA has become a global business group with over 34,000 employees in over 100 subsidiaries.

7. Since 1941. Evolving with you.
Glass Disks for Hard Drives
The HOYA San Francisco Office
1958
HOYA ventures into the eyeglass business with the manufacturing of lens press material
1970
HOYA opens its first U.S. office in San Francisco
1984
The company is renamed HOYA Corporation and shifts its main business focus from “glass” to “light (optics)”
1991
HOYA begins producing glass disks for computer hard drives
1962
HOYA’s first original lens, “NEO”, is launched and its UV protection and anti glare characteristics as well as a new curve design without comma aberration, are well received
1974
HOYA’s opens its first overseas lens manufacturing plant in Patumthani, Thailand
1987
HOYA launches it’s first intraocular (IOLs) lenses
The HOYA logo in 1960

8. Since 1941. Evolving with you.
2001
HOYA launches HOYALUX Summit Pro and NuLux lenses that use EYRY, a high-index, plastic lens material.
HOYA’s first soft intraocular lenses are launched
2008
The companies merge. HOYA now operates in three fields: Information Technology, Eyecare and PENTAX (lifecare and imaging)
2011
The company donated 100 million Japanese yen to assist relief and recovery efforts in communities affected by the earthquake disaster in Japan in March. Medical equipment and other products are also provided as needed
2007
PENTAX becomes a consolidated subsidiary of HOYA
2010
HOYA Healthcare Co. Ltd. becomes Eye Care Division of HOYA Corporation. The company now operates in the business fields of Electronics, Imaging, Healthcare and Medical.
2011
HOYA Employees worldwide donated 12.5 million yen to members of HOYA group and their families who were victims of the earthquake. The Company matched the donations by contributing the same amount
PENTAX Endoscope

9. Since 1941. Evolving with you.
2015 SEIKO Xchanger 1st 3D printed wrapped,
individualised Sport Frame
with customized high curved lenses
2012
Eyeglass business expanded its direct presence in Brazil;
2014
Hoya completed the acquisition of a 50% stake in SEIKO Optical Products that became a consolidated subsidiary
2013
HOYA acquired eyeglass lens development and manufacturing business from SEIKO Epson Corporation; and acquired 30% of the shares of SEIKO Optical Products Co. Ltd., a wholly owned subsidiary of SEIKO Holdings Corporation responsible for the sales of the eyeglass-related products
Continuing…
2012
HOYA, SEIKO and EPSON; Agreements executed in the field of optical products business
2013
HOYA acquired the majority shares of Wassenburg, a leading company in the field of endoscope reprocessing
2015
HOYA reached agreement to acquire Swiss lens manufacturer Knecht & Muller AG

10. HOYA Vision Care: Facts & Figures

11. HOYA Vision Care: Key Player in HOYA Group
HOYA Group consolidated sales reached ¥ Bill [~USD 4.0 Bill] in the fiscal year ended March 2016
HOYA Vision Care division, a part of Life Care, contributes the major part of Health Care’s revenues

12. HOYA Vision Care: Key Player in HOYA Group
FY2012
FY2015
FY 2016
0.5%
6.5%
49%
27%
17%
HOYA Vision Care continues to grow as key contributor within HOYA Group

13. HOYA Vision Care: Global Market Share 2016
Americas (incl. US / Canada / Brazil)
EMEA
Japan
Market share
Revenue growth
Market share
Revenue growth
Market share
Revenue growth
11%
1.5%
9.2%
8.2%
21%
52%
Global
Asia Pacific
Market share
Revenue growth
Market share
Revenue growth
Clear #2 player in eyeglass lens market
16% Global Market Share (2015 Estimate)
Direct presence in markets accounts for 80%+ of global market value
17%
2.1 %
3.5 %
13%
HOYA Direct Presence
HOYA Partner Network
Not Covered Area
Organic Growth

14. HOYA Vision Care: Solid Portfolio
The “Global” Consumer Products
High consumer awareness, associated with innovation, technology and style
The “Quality” Trade Products
Proven B2B reputation in product quality, innovation, service, flexibility
The “Strategic” Consumer Products
Mass penetration through affordable price and consumer recognition

15. HOYA Vision Care Global Footprint 2015
2016 `
EMEA
Americas 13
Asia 41
3,040
1,960
11,015 17
FTE as of March 2016
5+ countries covered worldwide
30+ direct presence
200,000+ lenses shipped every day globally
75,000+ customer doors covered globally
40+ RX local labs
30+ RX labs with FreeForm capabilities
85+service centers (C&E satellites)
6 Global mass production facilities
State of art R&D Center in Toyko
Manufacturing Sites
Employees

16. HOYA Vision Care Global Footprint 2015
2016
Key Highlights - Manufacturing / R&D
Global Mass Production Plants
Thailand (2), Vietnam (1)
Philippines (1), China (1)
Hungary (1)
Global RX Super Labs
Thailand (3)
Philippines (1)
Hungary (1)
USA (1)
Local Labs Worldwide
+40 RX
+85 C&F centers
R&D Center
Tokyo (1)
Hungary: 1 Super Lab 1 Mass Production
USA 1 Super Lab
China:
1 Mass Prod.
Thailand: 3 Super Labs 2 Mass Production
FTE as of March 2016
5+ countries covered worldwide
30+ direct presence
200,000+ lenses shipped every day globally
75,000+ customer doors covered globally
40+ RX local labs
30+ RX labs with FreeForm capabilities
85+service centers (C&E satellites)
6 Global mass production facilities
State of art R&D Center in Toyko
Vietnam:
1 Mass Production
Philippines: 1 RX Lab
1 Mass Production
HOYA Direct Presence
HOYA Partner Network
Not Covered Area
Global Production
Facilities

17. ABOUT HOYA VISION CARE Market Focus
HOYA Vision Care focuses its direct presence operations in markets accounting for over 87% of world’s lens market value.
AMERICAS
EMEA
ASIA PACIFIC
HOYA Direct Presence
HOYA Partner Network
Not Covered Area

18. HOYA Vision Care Global Footprint 2015
2016 – as well as following charts
HOYA Vision Care Global Footprint 2015
Americas
Employees: 1,960
Manufacturing Sites: 41
EMEA
Employees: 3,040
Manufacturing Sites: 13
Asia
Employees: 11,015
Manufacturing Sites: 17
Hungary: 1 Super Labs
1 Mass Production
China: …
2 Mass Production
Thailand: 3 Super Labs
2 Mass Production
FTE as of March 2016
5+ countries covered worldwide
30+ direct presence
200,000+ lenses shipped every day globally
75,000+ customer doors covered globally
40+ RX local labs
30+ RX labs with FreeForm capabilities
85+service centers (C&E satellites)
6 Global mass production facilities
State of art R&D Center in Toyko
Vietnam: …
1 Mass Production
Philippines: 2 RX Labs
1 Mass Production
HOYA Direct Presence
HOYA Partner Network
Not Covered Area
Global Production Facilities: 40+ RX local labs, 30+ RX labs with FreeForm

19. HOYA Vision Care Global Footprint 2015 EMEA Region
Poland
Sweden
Finland
Denmark
Netherlands
Russia
Belgium UK
Czech Rep.
Germany
France
Romania
Spain
Italy
Turkey
Portugal
Hungary
Switzerland
Sales office
Rx Lab
HOYA Subsidiaries
HOYA Partner Network
Pan-European Super-Lab [Hungary]
South Africa

20. HOYA Vision Care Global Footprint 2015 APAC Region and Japan
Australia
China
Korea
India
Malaysia
Taiwan
Hong Kong
Philippines
Indonesia
Singapore
Thailand
Japan (2 companies)
Sales office
Rx Lab
HOYA Subsidiaries
HOYA Partner Network
Hoya Japan (2 companies;1 local RX Lab)

21. HOYA Vision Care Global Footprint 2015 Americas Region
Rx Lab
HOYA Subsidiaries
HOYA Partner Network

22. HOYA Vision Care: Basics on Eyeglass Lenses and the Lens Market

23. The Four Key Elements Defining Eyeglass Lenses
LENS MATERIALS
PRODUCTION TECHNOLOGY
SURFACE TREATMENTS
LENS DESIGNS
Polarized lens
Photochromatic lens
Tinting
Impact resistance coating
Water-shedding coating
Antireflection coating
Ultraviolet protection
Hard coating
ADC (refraction index 1.50)
Polycarbonate
Mid-index (1.53 / 1.55)
High-index (1.6)
Super-high index (1.67 / 1.70)
Ultra high-index (1.74)
Spherical lens
Aspherical lens
Bifocal lens
Trifocal lens
Conventional PAL
Free form PAL
Individual PAL
Single-vision lens
Multifocal lens
Progressive addition power lens (PAL)

24. Product Forms for Eyeglass Corrective Lenses
Stock Finished Single Vision Lenses [FSV]
Ready assortment of finished lenses for simple prescriptions
Photo HC AR
Mass Production Plant
Lens Casting
Treatments
FSV Lenses
Semi-Finished Lenses [SF]
Either SV or PAL for transformation into Rx, and for sale to other Rx Labs
Photo HC
Mass Production Plant
Treatments
Lens Casting
SF Lenses
Tint
Photo HC AR
Prescription Lenses [RX]
All PAL, and some SV ground and polished to unique prescriptions RX
LAB
Treatments
RX Lenses
Surfacing
Round Uncut
Round lenses before edging and mounting into frames. Sold primarily in Europe and Asia
UNCUT
Cut & Edged
Based on “frame traces” sent via EDI or the internet from optical shops, Rx or stock lenses pre-cut for delivery and mounting by customers. 80% of sales in Japan
C&E
Mounted or Fitted
Rx or stock lenses processed, cut, edged and mounted into frame by Rx Labs. 80% of sales in the U.S., South Africa, growing in Australia, U.K. and Western Europe
FIT

25. Lens Industry Structure and Vision Care Business Model
Prescription Eyeglasses
Monomer
Stock
Finished Lenses
Semi
Finished
Lenses
Lens
Edging
RX Finished Lens
Edged
Monomer / Raw Materials Makers
Lens Casting [Mass production]
Independent Opticians and Buying Groups
END CONSUMERS
RX Laboratories and Distributors
Eyeglass Web Stores
Integrated Optical Retailers
[with own RX Laboratories]
“Brick and mortar”
Eyeglass Stores
Retail Chains

26. HOYA Vision Care: Opportunities through Global Market Trends

27. Rapid Growth in Global Eyeglass Lens Consumption
Eyeglass lens consumption is expected to grow at a faster rate than the need for vision correction
+500 Mill
2025
200 Mill Pieces
300 Mill Pieces
1.0 Bill Pieces
Global lens volumes will grow from 1.0 Bill pieces in 2012 to 1.5 Bill pieces in 2025, as more people will start to have access to vision correction and will afford to purchase eyeglasses
3% CAGR
120 Mill Pieces
140 Mill Pieces
2012
740 Mill Pieces
74%
14%
12%
67%
20%
13%
Single Vision Lenses
Progressive [PAL]
Bifocal
6% CAGR
The lens mix will also change due to rapid aging population trend

28. Global Eyeglass Lenses Market Trends
Global Eyeglass Lenses Market Value (2014–18)
In US$ Bill
CAGR% ( ) ~3 ~5
Global market value expected to grow at 2-3% CAGR
A-PAC and LATAM are the key market growth vectors
3 major players accounting for over 70% of market value ~0 ~6 ~3 ~2

29. Mega Global Market Trends affect Mid-Long Term Eyewear Vision Care
Social & Demo- graphic Changes
Connectivity & Convergence
Smart is the New Green
Health, Wellness & Wellbeing
Generation Y: Impact of increased digital device use
Rise of middle classes: Higher expectations & spending power
Aging population: ↑ PAL adoption & population
Women’s empowerment: Greater influence on global trends beyond the family
E-Commerce (“Bricks & Clicks”) as a key business driver & enabler
Connected living & sensory integration: Remote refraction & integrated sensory function
Social Media & Big Data: Changes interaction with the customers
Smart materials: Responds to your surroundings
Internet of Things: Increased eyewear connectivity
New mainstream production techniques (3D/4D printing) offer more affordable, customizable & integrated eyewear
Eye health & protection: Impact of prolonged digital device use (anti-fatigue)
Delay onset of myopia / presbyopia: Greater emphasis on eye protection in younger generation
E-Health & Biometric tracking: Tracking & smart eyewear opportunity
2020:
Virtual Reality is mainstream:
integrated eyewear solutions which offer premium smart devices with electro-activated, sensory and connective capabilities will take off.
Significant developments in E-commerce will drive B2B and B2C interactions
Lack of deregulation across markets = ECP/Optical stores remain key gatekeepers Higher indexes will dominate the market as lower cost alternatives become more widely available
2025:
Integrated eyewear will be more affordable and widely used to connect (and interact with) others and environment.
Advances in on-demand and in-situ production and supply capabilities drive greater personalization and customization
-> increasing eyewear position as a mainstream fashion & lifestyle essential Online refraction will become the norm for single vision correction as ECP specializes in increasing PAL population
Sales & Marketing
Harness big data to deliver B2B & B2C “Bricks & Clicks” integrated offer
Technology Development
Emphasis on design, functional & electro- activated technologies
Production
Scalable& customizable integrated eyewear production capability

30. HOYA Vision Care: Evolving with you through Innovation

31. HOYA Vision Care: Our 202020 Evolution
Our Mission
Our Vision
“Improving patient’s quality of life by providing superior quality eyewear & customer experience worldwide”
“By the year 2020, we will be the Preferred Eyewear Provider worldwide” 1 2 3 4
Strengthen Core Excellence
Enhance Customer Experience
Increase Customer Reach and Retention
Create Consumer Engagement
AR coating superiority
Industry’s finest quality in ECP channel
Custom quality for Chain standards [low cost]
Leading product innovation pace
Premier Customer service
Professional business partner
Trusted advisor
Comprehensive portfolio
Simplified Selling processes for ECPs
Expanded Global presence
Customer Insight-driven
Best in class sales force
Telesales
Compelling global story
Consumer centricity (specs wearers)
Lifestyle-based product development
Support consumer’s decisions
Harness consumer insights and data
Complete eyewear model

32. HOYA Vision Care: Innovative Power
2015
SEIKO Xchanger 1st 3D printed wrapped, individualised Sport Frame with customized high curved lenses
2013
First PAL design with Binocular Harmonization
2015
2013
First AR coating with blue light filter!
2013
HOYA Vision Care holds a number of 2,283 Patents registered and under examination as of March 31, 2015
2012
2012
People based design!
2009
The most durable AR coating in the market!
2008
Highest level of personalization
2009
2007
The complete Hoyalux iD family
iD LifeStyle: The best selling Hoya PAL today
iD WorkStyle: Working without boundaries
2008
2007
2006
Energy for your eyes
2006
2005
2005
3x as scratch resistant as the market at that time
2004
The first integrated double surface progressive lens with Balanced View Control, a revolution in the reduction of distortion and swaying feelings
2004
(Including 683 Patents
transferred from SEIKO Optical)
2001
The first bi-aspheric single vision offering sharp vision from edge to edge, even oblique
2001
1998
World’s first double-sided aspheric lenses (SEIKO SSV AZ 1.67) launched
1997
World’s first inner surface progressive lenses (SEIKO P-1GR 1.67) launched
1998
1997

33. HOYA Vision Care: Key Innovative Strengths
World class innovative products and services under the highest quality standards in the industry
Integrated Double-Surface PAL
Hard & AR Coatings
Education Programs
HIQS Quality Standard
HOLT “Low Cost” Rx 24/7/365
Remote Edging System
New Media Tools

34. HOYA Vision Care: Innovative Production Facilities in Thailand (mass + RX)
Patumthani [Mass]
Established
Patumthani – 1974
Ayutthaya: Rx1 – 2004, Rx2 – 2006,
Rx3 – 2008
Employees
Total = 3.500
Business Systems
ISO 9001, ISO and OHSAS 18001
Operations
Operates 24 hours, 7 days a week, 365 days per year
Current Volumes [pcs/month]
Mass Production: 2.75 Mio
RX 1, 2, 3: 1.25 Mio
Total: 4.0 Mio
Ayutthaya
Rx1 + Mass
Rx2
Rx3 + Mass [Poly]

35. HOYA Vision Care: Innovative Service
HOYA is a ‘full-service’ company creating added value
Fast delivery
HOYA’s Rx factories in Thailand are operational 24/7, 365 days a year!
Mass production facilities
Available in Thailand, China, Vietnam and Hungary
HELP (HOYA’s Edged Lens Program)
Cut and edge, mounting and grooving, frame to com
Highly experienced, personal Customer Services

36. HOYA’s Service Evolution also includes:
HOYA Faculty Education & Experience Centre in Budapest
For opticians, optometrists and ophthalmologists who wish to improve their refraction skills and product knowledge
Hoyanet
The extranet platform offering access to a wide range of instore tools, the latest company news, product information and marketing support materials

37. HOYA Vision Care: 20 years of Innovating in Safety and Sustainability
Since 1995
In 1995, introduction and implementation of HOYA’s Occupational Safety and Health Principles
Measures to improve the general health, physical and mental well-being of all Hoya employees
Safety standards and risk management
Since 1996
In 1996, HOYA started working in accordance with the Environmental Management System, resulting in ISO certification of all Hoya Vision Care laboratories
Activities to reduce its waste water
Activities to recycle more waste
Other certifications: ISO 9001, OHSAS 18001

38. HOYA Vision Care: Sustainability
One example: HOYA’s factories in Thailand achievements
Recycling 74+ percent more waste since 2009
Reducing waste water by no less than 27 percent compared to previous years

39. 75 Years of HOYA Group. Evolving with you.
HOYA Group is celebrating its
Anniversary and looks to the next years of providing unparalleled services for consumers, partners and communities around the world

40. Throughout our 60+ successful years in the eyeglass lens business, the source of HOYA Vision Care’s innovation and growth has always been our committed team around the world.
– Girts Cimermans
CEO HOYA Vision Care

41. Thank you