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Investor Presentaiton

3 Details by Segment - Rolling Stock FY2020 (vs. FY2019) Orders received Net Sales Operating income - Decreased compared with FY2019, when major orders in domestic were received Decreased due to a decrease in passenger cars for U.S. Deteriorated due to a decrease in profit from overseas projects by the impact of COVID-19 in addition to decreased revenue FY2021 (vs. FY2020) Orders received Net Sales Operating income Decreased as a whole due to a decrease in the U.S., despite remaining at the same level in Asia and domestic Increased as a whole due to an increase in the U.S., despite a decrease in Asia and domestic Improved due to an increase in revenue and improvement in profitability Orders received (billion yen) 257.1 FCST in Feb 70.0 136.0 125.7 77.0 70.0 Net Sales (billion yen) FCST in Feb 140.0 150.0 141.7 136.5 133.2 124.6 Operating Income (billion yen) FCST in Feb -4.5 - 12.4 - 13.7 - 3.8 - 4.5 3.0 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 31
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