Investor Presentaiton

3 Details by Segment - Motorcycle & Engine - FY2020 (vs. FY2019) Net Sales Operating income Remained at the same level due to a decrease in motorcycles for the Southeast Asia, the impact of strong yen and other factors, despite an increase in off-road vehicles for North America Increased due to reductions of fixed costs and sales promotion costs and other factors FY2021 (vs. FY2020) Net Sales Operating Income Increased due to recovery of demand for motorcycles, remaining demand for off-road model in North America, and replenishment of dealer inventories, which decreased excessively in the previous period Ĵ Increased due to an increase in revenue FCST in Feb Net Sales (billion yen) 330.0 380.0 356.8 331.6 337.7 336.6 Operating Income (billion yen) FCST in Feb 5.0 17.0 15.2 14.3 11.7 - 1.9 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 © Kawasaki Heavy Industries, Ltd. All Rights Reserved Kawasaki Powering your potential 35

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