Investor Presentaiton

NOMURA 3 Grow client businesses In addition to financial institutions and institutional investors, focus on growing business with corporate clients to diversify client base and ensure stable business ■Broad service offering for corporate clients led by CFS Client revenue in international region 1. Going forward Other 10% 10% 30% FIG 34% Corporates 15% 20% Institutional (Asset 41% 39% Management, Hedge Funds) FY12/13 FY15/16 1 (Avg.) FY18/19 1-3Q (Annualized) ☐ Grow services for corporate clients through CFS Client approach: Provide broad range of services centered on corporate clients with various business needs (e.g.: Offering FX Solutions unassociated with M&As to IB clients) ■ Products/service: In addition to existing underwriting related businesses (DCM, ECM, ALF) and hedging solutions (Rates, FX, Equities, etc.), expand into services such as infrastructure financing in Americas ■ Maintain/strengthen business for institutional investors and financial institutions Institutional: Use Al in market-making to increase wallet share Agency: Expand product line-up and enhance quants and technology capabilities ■ FIG: Continue to target hedging solutions; grow penetration with Advisory and CFS offering $200 - $300m Revenue Upside 11 Corporates include Sponsor; FIG includes banks, insurers, publics, CBS/SWFs and SSAS; Others include other Divisions and non-institutional clients

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