Investor Presentaiton

3 Details by Segment -Aerospace systems- FY2020 (vs. FY2019) Orders received Net Sales Operating income Decreased due to a decrease in component parts for commercial aircrafts and component parts for commercial aircraft jet engines, despite an increase in aircrafts for MOD Decreased due to a decrease in aircrafts for MOD, component parts for commercial aircrafts and component parts for commercial aircraft jet engines Deteriorated due to a decrease in revenue and other factors FY2021 (vs. FY2020) Orders received Net Sales Decreased due to a decrease in component parts for commercial aircrafts and component parts for commercial aircraft jet engines Same as above Operating Income Increased due to an improvement in the profitability of jet engine business along with the recovery of operating hours and other factors' Orders received (billion yen) Net Sales (billion yen) FCST in Feb 330.0 498.9 431.6 414.9 329.5 310.0 532.5 469.5 463.9 Operating Income (billion yen) FCST in Feb 400.0 377.7 340.0 42.7 FCST in Feb -25.0 30.8 32.6 8.0 - 31.6 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 © Kawasaki Heavy Industries, Ltd. All Rights Reserved Kawasaki Powering your potential 15

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