FY2022 Results and FY2023 Forecast

AC Business - Americas FY2022 Results With the significant changes in the business environment, such as stagnant demand from inflation and higher interest rates, and supply issues from parts shortages, Daikin worked to ensure a stable supply of products, and sales trended favorably. Besides the steady implementation of selling price measures, acquisition of sales companies had a positive effect, and sales greatly exceeded the previous fiscal year. ✓ In Ducted Unitary for Houses, industry demand declined, whereas Daikin increased market share by bolstering supply and enhancing the sales network. Sales also grew for our environmental premium product FIT, for which local production has begun. ✓ In Ductless, we worked to boost supply capacity for RA/SKY and increase market share. Sales for VRV systems greatly expanded by utilizing a sales network enhanced by the acquisition of sales companies. ✓ In Applied, in addition to expanding equipment sales including air handling units and chillers, sales also increased in the After Sales Service business, resulting in sales exceeding the previous fiscal year. FY2023 Forecast In Ducted Unitary for Houses, we aim to increase market share by developing and training dealers. In response to the needs for electrification for heaters and energy savings, we are enhancing our lineup of FIT system products and promoting inverter use in the market. In Ductless, we will promote mainstream use of RA/SKY units equipped with R32 refrigerant. For VRV systems, we aim to increase market share by improving supply capabilities and expanding sales channels. Y/Y change (Volume basis) Ducted unitary for houses FY2022 FY2023 Daikin Market Daikin 102% RA/SKY 92% 98% Ductless VRV 111% 96% 104% 124% 104% 125% In Applied, we will strive for sales expansion of Applied 131% 116% 128% equipment for data centers and factories, where demand *Applied is based on total sales in local currency. is expected to grow, and expand our Solutions business. 14

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