Investor Presentaiton

Mitsubishi Corporation (mil. mt) 40.0 Metallurgical Coal Business Mineral Resources Group BMA Annual Production and Sales Volume (50% Basis) November 2, 2023 Mitsubishi Corporation BMA production in Jul-Sep 2023 decreased by 16% to 5.6 mil. mt on a year on year basis. • The decrease was mainly due to planned maintenance, and conditions of current mining area. • BMA also opened the period with low inventory levels due to an inventory drawdown in the prior year. Apr-Jun Jul-Sep Oct-Dec Jan-Mar 30.2 29.5 28.7 28.1 30.0 7.9 7.6 6.9 6.1 20.0 6.3 6.0 7.0 7.0 6.7 6.7 6.7 6.4 10.0 9.3 9.2 8.2 8.6 14.1 14.2 5.6 5.3 8.5 8.9 US$/A$ Period 0.0 Production Sales Production Sales Production Sales Average Rate FY2021 1-4Q 0.7392 FY2022 FY2023 1-4Q 0.6849 1Q 0.6681 1-2Q 0.6614 FY2021 FY2022 FY2023 USD/AUD Average Exchange Rate (*) (NOTE: Due to rounding, the quarterly figures do not necessarily add up to the total annual figures.) Source: Mitsubishi UFJ Research and Consulting *The above exchange rates differ from the effective rates applied to MDP's transactions. (US$/t) CFR China 700 600 500 400 300 200 100 0 Apr-21 Oct-21 Price Trend of Hard Coking Coal FOB US FOB Australia Apr-22 Oct-22 Apr-23 Oct-23 Copyright © 2023 Mitsubishi Corporation • Metallurgical coal index prices continued to rise after bottoming out around US$220/t at the end of May, surpassing US$360/t in the first half of October. They have since fallen and are currently around US$350/t. • Demand for metallurgical coal has remained strong in India, backed by a firm domestic economy, and in Southeast Asia, reflecting the start of operations at new blast furnaces, but demand in other regions has been weak due to worldwide economic slowdown. • The recent price increases are thought to be due mainly to production issues and supply restrictions affecting Australian suppliers. 38

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