Investor Presentaiton

4 Appendix - CAPEX, Depreciation and Amortization - - (Billion Yen, Persons) FY2019 FY2020 FY2021 Actual Actual Chg. Vs. FY19 Actual Chg. Vs. FY20 CAPEX 70.4 55.6 14.8 56.0 + 0.4 Depreciation and 61.2 61.2 0.0 63.5 + 2.3 amortization R&D expenses 52.6 44.9 - 7.6 49.5 + 4.6 Number of Employees 36,332 36,691 + 359 37,300 + 609 Domestic 26,616 26,901 + 285 27,400 + 499 Overseas 9,716 9,790 + 74 9,900 + 110 Net Sales 63.5 Depreciation and Amortization ratio to net sales 4.1% 4.2% 3.7% 3.7% 3.5% 3.3% 3.1% 2.9% CAPEX 82.7 80.0 76.3 Depreciation and Amortization 82.1 70.4 66.9 55.6 61.2 61.2 59.0 56.1 51.5 49.0 44.5 56.0 1,486.1 1,541.0 1,518.8 1,574.2 1,594.7 1,641.3 1,488.4 1,500.0 FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 FY'21 (FCST) FY'14 FY'15 FY'16 FY'17 FY'18 FY'19 FY'20 FY'21 (FCST) © Kawasaki Heavy Industries, Ltd. All Rights Reserved Kawasaki Powering your potential 47

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