Analyst Meeting Presentation May 12, 2016 www.mitsuifudosan.co.jp - PowerPoint PPT Presentation

Year Ended March 31 2016 Year Ended March 31, 2016 Analyst Meeting Presentation May 12, 2016 www.mitsuifudosan.co.jp

１．Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” B Be a leader that creates markets and grows continuously in Japan Be a leader that creates markets and grows continuously in Japan B l l d d th t th t t t k t k t d d ti ti l l i i J J ⽬指す姿 Vision and secure a solid position globally and secure a solid position globally Customer-centered management t Create value by executing these three strategies Basic Basic Business model Full implementation of Strategies innovation Group management Further strengthen the competitiveness Dramatic growth ① ② of our domestic business in overseas business Combine our strengths with those Evolve from a real estate solutions partner of partners to build a highly stable portfolio to a business and lifestyle solutions partner with abundant growth potential Strengthen the competitiveness g p 1 1. 5 5. Create neighborhoods Create neighborhoods of the housing business Expand the hotel and Evolve 2. 6. resort business the office building business Growth Growth Strategies Further develop the retail Implement a model for joint 3. 7. facility business value creation with investors D Dramatic growth in the ti th i th Expand the logistics facility 4. 8. overseas business business 1 Mitsui Fudosan Analyst Meeting Presentation

１．Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” 1 1. Progress in Achieving Targets 1-1. Progress in Achieving Targets （１）Profit Plan FY2015 FY2016 FY2017 300.0 (Billions of yen) (Forecasts (Mid-term Business Plan) (Estimates as of May 2016) as of May 2015) as of May 2015) (Actual) (Actual) or higher or higher 245.0 245 0 250.0 220.0 202.4 195.0 200.0 130.0 or higher 150.0 125.0 117.7 107 0 107.0 100.0 50.0 0.0 Operating Income Profit Attributable to Owners of Parent Leasing 124.1 billion 131.0 billion 133.0 billion Property Sales Property Sales 44 5 billion 44.5 billion 60 0 billion 60.0 billion 65 0 billion 65.0 billion Management 52.4 billion 52.0 billion 52.0 billion Others (18.6 billion) (23.0 billion) (5.0 billion) 245.0 billion 245 0 billion Operating Income 202.4 billion 220.0 billion or higher 130.0 billion Profit Attributable 117.7 billion 125.0 billion or higher to Owners of Parent 30 0 billion 30.0 billion *Overseas Income 14.0 billion - or higher 2 Mitsui Fudosan Analyst Meeting Presentation

１．Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” 1-1. Progress of in Achieving Targets 1 1. Progress of in Achieving Targets （２）Investment Plan FY2015 FY2016 Two-year Mid-term Business Plan （Actual） （Actual） (Estimate) (Estimate) Totals Totals (FY2015-FY2017 three-year totals) (FY2015 FY2017 th t t l ) Domestic capital 170 billion 140 billion 310 billion 550 billion expenditures Overseas capital 150 billion 150 billion 200 billion 200 billion 350 billion 350 billion 550 billion 550 billion expenditures Real property for 420 billion 500 billion 920 billion 1,300 billion sales (domestic) Total T l 740 740 billion 840 840 billion 1 580 1,580 billion 2,400 billion （３）Other Benchmarks FY2015 FY2017 （Actual） （ Mid-term Business Plan） ROA 4.1% Approx. 5% D/E ratio D/E ratio 1.16 1.16 Approx Approx. 1 3 1.3 (Reference) 6.2% Approx. 7% ROE 3 Mitsui Fudosan Analyst Meeting Presentation

１．Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” 1-2. Create neighborhoods 1 2. Create neighborhoods Nihonbashi Muromachi 3rd District Project OH-1 Project (Otemachi 1-Chome Block2) Nihonbashi Completion of neighborhood creation creation Nih Nihonbashi Sta. b hi St Nihonbashi 1-Chome Central Block Tokyo Sta. （ 4 ～ 12 Square ） Project Park City OSAKI (OSAKI BRIGHT TOWER, OSAKI BRIGHT CORE) Nihonbashi 2-Chome Urban Redevelopment Project (Block C) Redevelopment Project (Block C) completed in Apr. 2015 l t d i A 2015 National strategic special zone special zone Yurakucho Sta. certification New Projects Hibiya Project Other Existing Projects Yaesu 2-chome North Block Project OH-1 Project Following the start of construction certified in Jun. 2015 certified in Sep. 2015 Start of construction Hibiya Project Nihonbashi 2-Chome Nihonbashi Muromachi 3 rd TGMM Shibaura Project Redevelopment Project (Block C) District Project in Dec. 2015 in Oct. 2015 4 Mitsui Fudosan Analyst Meeting Presentation

１．Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” 1-2．Evolve the office building business 1 2．Evolve the office building business Deepening of the Nihonbashi Life Science Concept ➢ Partnerships among Life Science Hub government, private Development Development i d d d i industry, and academia Universities niversities Research Research facilities facilities Government Domestic and Domestic and Domestic and Domestic and foreign foreign pharmaceutical pharmaceutical Academia Industry companies companies Nihonbashi Life Science Building Building Ventures Ventures Ventures Ventures Food Food industry industry IT IT Investors Investors companies companies Nihonbashi Life Science hub （Muromachi Chibagin Mitsui Building） Nihonbashi Life Science Nihonbashi Life Science Building2 Full-fledged Launch of Venture Co-creation Department ➢ Aimed at Creating New Industries Established Established Strategic LP Strategic LP ●31VENTURES Clip Nihonbashi p ●31VENTURES KOIL 31VENTURES KOIL Investments CVC Fund Established “31VENTURES Global Innovation Fund I” with Innovation Fund I with ●31VENTURES Life Bridge Nihonbashi JPY 5 Billion ●31VENTURES Kasumigaseki ●31VENTURES Makuhari 5 Mitsui Fudosan Analyst Meeting Presentation

１．Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” 1-2．Further develop the retail facility business 1 2．Further develop the retail facility business Commencement of operations at 5 facilities in Japan as well as 2 facilities in overseas ➢ MITSUI OUTLET PARK EXPOCITY LaLaport FUJIMI MITSUI OUTLET PARK KLIA SEPANG (opened in Nov. 2015) (opened in Apr. 2015) HOKURIKU OYABE (opened in Jul. 2015) (opened in May 2015) LaLaport EBINA LaLaport TACHIKAWA TACHIHI (opened in Oct. 2015) (opened in Dec. 2015) 【Analysis of Leasing Segment Revenue】 MITSUI OUTLET PARK LINKOU 【Major New Projects】 (opened in Jan. 2016) (Billions of yen) FY Store Floor Project Name Location 600.0 Opened Space Office buildings Hiratsuka, 2016 LaLaport HIRATSUKA ≈ 61,000 m 2 500.0 Kanagawa Retail facilities ≈ 54,600 m 2 Nagoya Komei Project g y j Nagoya, Aichi g y , , 400 0 400.0 2018 Pudong Jinqiao, 291.6 LaLaport SHANGHAI JINQIAO ≈ 74,000 m 2 Shanghai 283.4 300.0 284.5 286.9 303 283.6 291.7 Kuala Lumpur, 303.4 2021 LaLaport Kuala Lumpur ≈ 80,000 m 2 265.5 Malaysia 200.0 234.2 Retail Facility Development Project in 222 215.7 216.4 Aichigun, Aichi TBD Togocho, Aichi TBD 100.0 203.3 171 157.8 157.8 Shibuya-ku, Shibuya ku 148.6 148 6 131 5 131.5 121 9 121.9 125 8 125.8 107.3 Miyashita Park Project TBD 92.2 68.2 Tokyo 50.9 56.9 42.9 0.0 3/2004 3/2005 3/2006 3/2007 3/2008 3/2009 3/2010 3/2011 3/2012 3/2013 3/2014 3/2015 3/2016 Each FY opened and store floor space may change in the future. Some project names are tentative. 6 Mitsui Fudosan Analyst Meeting Presentation

１．Progress under the Mid-term Business Plan ”Innovation 2017 Stage Ⅱ” 1-2．Expand the logistics facility business, 1 2．Expand the logistics facility business, Implement a model for joint value creation with investors 【Major Projects】 Facilities in operation 10 properties FY Project Name Location Total Floor Space Completed Completed Facilities scheduled to commence 12 properties Yokohama, Acquired in 131,800 ㎡ MFLP Yokohama Daikoku ≈ 2013 Kanagawa operations from FY2016 GLP ・ MFLP Ichikawa Shiohama 122,000 ㎡ Ichikawa, Chiba ≈ 2013 41,900 ㎡ MFLP Yashio Yashio, Saitama ≈ 74,500 ㎡ MFLP Kuki Kuki, Saitama ≈ 133,300 ㎡ MFLP Sakai Sakai, Osaka ≈ Total number of projects 22 2014 31,000 ㎡ MFLP Funabashi Nishiura Funabashi, Chiba ≈ Aiko ‐ gun, MFLP Atsugi ≈ 43,000 ㎡ Total floor space approx. 2,000,000 ㎡ Kanagawa 213,400 ㎡ MFLP Hino Hino, Tokyo ≈ 2015 31,400 ㎡ 31,400 ㎡ MFLP Kashiwa MFLP Kashiwa Kashiwa, Chiba Kashiwa, Chiba ≈ over 300 billion yen MFLP Funabashi Ⅰ 198,000 ㎡ Funabashi, Chiba ≈ Total cost 32,400 ㎡ MFLP Fukuoka Ⅰ Kasuya, Fukuoka ≈ 2016 Hiratsuka, 33,200 ㎡ MFLP Hiratsuka ≈ Kanagawa 42,500 ㎡ MFLP Komaki Komaki, Aichi ≈ 74 300 ㎡ 74,300 ㎡ MFLP I MFLP Inazawa I Inazawa, Aichi Ai hi ≈ 2017 241,900 ㎡ MFLP Ibaraki Ibaraki, Osaka ≈ MFLP Atsugi Ⅱ 54,000 ㎡ Isehara, Kanagawa ≈ Establishment of a logistics REIT Hiratsuka, 43,400 ㎡ 2018 MFLP Hiratsuka Ⅱ ≈ Kanagawa Aug. 2015 Establishment of Mitsui Fudosan ➢ 2021 161,000 ㎡ g N building, F ‐ Plaza Tokyo Shinagawa, Tokyo ≈ TBD Logistics REIT Management Co., Ltd. Kawagoe Project Kawagoe ,Saitama TBD Each FY completed and total floor space may change in the future. Some project names are tentative. Mar. 2016 Establishment of Mitsui Fudosan ➢ Logistics Park Inc. MFLP Hino ( completed in Oct. 2015) MFLP Kashiwa ( completed in Nov. 2015) 7 Mitsui Fudosan Analyst Meeting Presentation