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3 Details by Segment - Energy System & Plant Engineering - (Billion Yen) Chg. vs FY20 FY2019 FY2020 FY2021 Actual FCST in Feb. Actual Chg. vs FY19 Chg. vs FCST Forecast Orders Received 252.3 220.0 219.0 33.3 1.0 Net Sales 242.9 240.0 240.1 2.8 + 0.1 Operating Income 17.5 13.0 13.4 [Margin] [7.2%] [5.4%] [5.5%] 4.1 [-1.6pt] + 0.4 [+0.0pt] Details of change in Operating Income(Loss) 17.5 FY2019 Appendix See page 40 for the new segment "Energy solutions and Marine Engineering" (billion yen) Impact of COVID-19 Sales of major products in the energy business above components Sales of municipal waste incineration plants -3.8 Change in Sales \ Change in selling, general and administrative expenses below after-sales service Net sales -0.1-0.6 -1.2 1.6 Effects of foreign exchange rates Change in product mix and other factors 79.4 (billion yen) 79.0 70.8 68.8 55.2 65.8 47.5 46.7 41.6 37.9 13.4 O&M ratio to net sales (billion yen) 46.3 47.5 39.0 36.2 36.6 © Kawasaki Heavy Industries, Ltd. All Rights Reserved 53.2% 45.6% 44.2% 43.6% 31.5 27.9 29.2 35.9% 22.1 24.2 FY2020 FY'17 FY'18 FY'19 FY'20 FY'21 FY'17 FY'18 FY'19 FY'20 FY'21 Kawasaki Powering your potential 20

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