Investor Presentaiton

3 Details by Segment -Aerospace systems- (Billion Yen) FY2019 FY2020 FY2021 Actual FCST in Feb. Actual Chg. Vs. FY19 Chg. Vs. FCST Forecast Chg. Vs. FY20 Orders Received 414.9 330.0 329.5 85.4 0.5 310.0 19.5 Aerospace 244.5 230.0 236.2 8.3 + 6.2 240.0 + 3.8 Aero Engine 170.4 100.0 93.3 - 77.0 6.7 70.0 - 23.3 Net Sales 532.5 400.0 377.7 154.8 22.3 X 340.0 - 37.7 Aerospace 339.8 275.0 262.5 77.2 - 12.5 Aero Engine 192.7 125.0 115.1 77.5 9.9 265.0 + 75.0 2.5 40.1 Operating Income (Loss) 42.7 - 25.0 - 31.6 74.4 6.6 * - 8.0 + [Margin] [8.0%] [-6.2%] [-8.3%] [-16.4pt] [-2.0pt] [-2.3%] 23.6 [+6.0pt] Details of change in Operating Income(Loss) Appendix (billion yen) Impact of COVID-19 Number of aircraft component parts sold to Boeing Number of jet engine component parts sold 42.7 -39.7 FY'19 FY'20 Change FY'19 FY'20 Change Effects of foreign exchange rates 767 34 30 - 4 V2500 47 5 - 42 FY2020 -2.4 FY 2019 -19.4 777 44 24 -20 PW1100G 726 360 366 -31.6 777X 9 9 Change in Sales -13.7 0.8 Change in product mix and other factors Change in selling, general and administrative expenses Number of jet engine component parts sold to Rolls-Royce is not disclosed 787 167 77 - 90 *The application of the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020) is expected to have a negative impact of approximately ¥73 billion on net sales and ¥10 billion on operating income © Kawasaki Heavy Industries, Ltd. All Rights Reserved Kawasaki Powering your potential 16

View entire presentation