Investor Presentaiton

Consolidated Results for FY2020 1 -Details of change in profit- Reduction of SG&A expenses covered some of the impact of COVID-19 The impact of COVID-19 primarily affected Aerospace System (70% of ¥54.2bn) FY2019 Operating Income -54.2 62.0 - ¥67.3 billion yen Impact of COVID-19* FY2020 Operating Loss Effects of foreign exchange rates -6.1 Change in Sales Change in selling, general and administrative expenses -5.3 -13.7 11.9 -5.2 Change in product mix and other factors This figure is an approximate value that aggregates profit and loss fluctuations that are clearly attributable to the spread of COVID-19 in the FY2020, assuming the FY2019 results as a normal value © Kawasaki Heavy Industries, Ltd. All Rights Reserved Kawasaki Powering your potential 7

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