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Investor Presentaiton

1-8. Portfolio Strategies Growth of Income gain A.Rental Properties (Tangible and Intangible fixed assets) B.Real Property for Sale (for property sales to investors) Under Developing 19% Overseas Book value at the end of March 2021 9% ¥3.029 trillion + Domestic 72% Under Developing 25% Book value at the end of March 2021 ¥1.258 trillion Overseas 16% (Billions of yen) 150 140 Domestic 59% 130 Operating Asset Operating Asset Expected NOI yield Domestic Overseas 8.0% 7.7% 10.0% Expected NOI yield 6.4% Domestic Overseas 6.7% 120 5.6% A + B Under Developing 21% Book value at the end of Overseas March 2021 Operating Asset Expected NOI yield 7.5% Domestic 7.4% 11% ¥4.287 trillion Domestic 68% Overseas 8.2% MITSUI FUDOSAN CO.,LTD Mitsui Fudosan Group Management Strategy 【Trends of Operating Income in Rental Segment) (A+B) 109 110 107 104 100 95 Rent growth through 90 88 development and operation 80 21 145 141 138 135 124 120 3/'11 3/'12 3/'13 3/'14 3/'15 3/'16 3/'17 3/'18 3/'19 3/'20 3/'21 *With regard to the expected NOI returns from operating assets, in the case of properties that are in steady operation, NOI is deemed as the actual value, for properties that were completed less than one year ago, on the basis of the NOI being assumed for the time of stable operation, in both cases being calculated by excluding the amounts recorded at the end of the period balance sheets.
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