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Supplementary Information for the Year Ended March 2019

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Supplementary Information for the Year Ended March 2019 May 9, 2019 Mitsubishi Corporation Supplementary Information For the Year Ended March 2019 May 9, 2019 Mitsubishi Corporation Copyright © 2019 Mitsubishi Corporation May 9, 2019 Mitsubishi Corporation (Forward-Looking Statements) • This release contains forward-looking statements about Mitsubishi Corporation’s future plans, strategies, beliefs and performance that are not historical facts. Such statements are based on the company’s assumptions and beliefs in light of competitive, financial and economic data currently available and are subject to a number of risks, uncertainties and assumptions that, without limitation, relate to world economic conditions, exchange rates and commodity prices. • Accordingly, Mitsubishi Corporation wishes to caution readers that actual results may differ materially from those projected in this release and that Mitsubishi Corporation bears no responsibility for any negative impact caused by the use of this release. (Notes Regarding these Presentation Materials) • Consolidated net income in this presentation shows the amount of net income attributable to owners of the Parent, excluding noncontrolling interests. Equity shows the amount of equity attributable to owners of the Parent, excluding noncontrolling interests, which is a component of total equity. * “FY2018” refers as “Financial Year 2018”, starting from April 2018 and ends in March 2019. * “FY2019” refers as “Financial Year 2019”, starting from April 2019 and ends in March 2020. Copyright © 2019 Mitsubishi Corporation 2 May 9, 2019 Mitsubishi Corporation Supplementary Information For the Year Ended March 2019 Contents Page 1. Investment Leverage Ratio 4 2. Consolidated Net Income by Segment 5 – 11 3. Business Operations Supplementary Information by Segment 12 – 24 Copyright © 2019 Mitsubishi Corporation 3 May 9, 2019 Mitsubishi Corporation Investment Leverage Ratio Investment Leverage Ratio (*1) Capital Allocation Framework Debt applied to Investment assets Risk assets (illustrative) (*4) Investment assets Target Total equity and Balance of risk-weighted Investment Leverage Hybrid capital assets based on rating agency Investment Ratio methodology. Leverage Ratio 35% 25% 40 % (*3) Capital (*2) (100%) (106%) Adequacy Ratio 29% Cash, Trading-related Trading-related debt, Interest- 24% assets, Other bearing debt, Other (billion yen） Disciplined Approach to 8,601.3 1,664.4 Investments Investment 8,518.7 2,429.7 8,498.5 1,933.3 6,936.9 Progressive Dividends 6,565.2 Dividends 6,089.0 Buy-backs Flexible Buy- backs Debt Strengthening Reduction Balance Sheet Mar. 31 2017 Mar. 31 2018 Mar. 31 2019 PP&E＋Investments＋Lending＋Intangible assets and goodwill (*1) Investment Leverage Ratio (%)︓ －100% Total equity＋Hybrid capital (50% of the Hybrid finance amount) (*2) Capital Adequacy Ratio (%) ︓ Total equity and Hybrid capital ÷ Risk assets（%） (*3) The investment leverage ratio improved by 5 percentage points to 24% from the end of March 2018 due to the following reasons: [Increase in investment assets balance] a) increase in investment in affiliates relating to the additional acquisition of Quellaveco as well as capital expenditure for development , etc. b) acquisition of fixed assets in subsidiaries, c) acquisition of additional shares of TOYO TIRE. [Increase in shareholder’s equity] d) accumulation of net profit. (*4) The impact of IFRS 16 ‘Leases’, which is to be applied from FY2019, is currently being reviewed and not reflected. Copyright © 2019 Mitsubishi Corporation 4 May 9, 2019 Mitsubishi Corporation Global Environmental and Infrastructure Business Segment Consolidated Net Income （Billion Yen） 1Q 2Q 3Q 4Q 60.0 44.6 50.0 40.0 29.2 5.5 30.0 7.2 23.4 25.1 20.0 0.1 22.5 7.9 9.8 10.0 5.4 7.9 4.8 10.0 6.1 10.5 0.0 (5.3) (10.0) (20.0) (46.6) (30.0) (40.0) (50.0) (10.0) (60.0) (36.3) FY2015 FY2016 FY2017 FY2018 YoY FY2017 FY2018 Main Reasons Change （Billion Yen） Gross Profit 38.1 43.7 +5.6 Increase in transaction profit from the power generation business in the Americas and European countries, etc. Equity-method income 37.3 (20.0) -57.3 One-off losses from construction losses in Chiyoda Corporation, etc. Consolidated Net Income 44.6 (36.3) -80.9 One-off losses from construction losses in Chiyoda Corporation, etc. （Billion Yen） March 31, 2018 March 31, 2019 Segment Assets 1,045.6 948.2 Copyright © 2019 Mitsubishi Corporation 5 May 9, 2019 Mitsubishi Corporation Industrial Finance, Logistics & Development Segment Consolidated Net Income （Billion Yen） 1Q 2Q 3Q 4Q 50.0 44.2 40.3 40.0 35.5 36.7 10.8 16.4 11.5 30.0 13.2 9.6 10.0 5.6 20.0 6.6 10.8 8.3 9.9 7.8 10.0 9.1 7.9 9.5 9.7 0.0 FY2015 FY2016 FY2017 FY2018 YoY FY2017 FY2018 Main Reasons Change （Billion Yen） Gross Profit 49.9 43.8 -6.1 Decrease in transaction earnings in Aircraft-related business, etc. Equity-method income 28.3 30.3 +2.0 Increase in equity earnings from the North American real estate business, etc. Consolidated Net Income 44.2 36.7 -7.5 Rebound from swap profit on held real estate in the previous year, etc. （Billion Yen） March 31, 2018 March 31, 2019 Segment Assets 814.8 821.2 Copyright © 2019 Mitsubishi Corporation 6 May 9, 2019 Mitsubishi Corporation Energy Business Segment Consolidated Net Income Crude Oil (Dubai) (*) （Billion Yen） 1Q 2Q 3Q 4Q （US$/BBL） 1Q 1Q-2Q 1Q-3Q 1Q-4Q 150.0 110.9 Year Ended March 2016 74.4 63.2 62.5 59.3 100.0 9.1 50.1 Year Ended 55.5 March 2017 40.7 35.6 38.1 39.4 50.0 18.2 32.8 20.3 21.9 Year Ended 8.5 March 2018 48.3 50.7 50.4 50.4 5.1 12.1 23.0 20.8 29.8 0.0 11.8 Year Ending (3.2) (2.8) March 2019 59.3 61.6 65.0 67.3 (59.5) (0.8) (50.0) (*) To better account for the differences in fiscal year-ends of (9.8) consolidated companies and the timing when crude oil price is actually reflected in LNG sales price, the average price for the (100.0) preceding 6 month period (e.g. For the year ending March: FY2015 FY2016 FY2017 FY2018 average price from Oct. to Sep.) is utilized. YoY FY2017 FY2018 Main Reasons Change （Billion Yen） Gross Profit 55.7 83.4 +27.7 Increase in transaction earnings due to higher sales prices, etc. Equity-method income 44.1 65.6 ＋21.5 Increase in equity earnings from the LNG-related business, etc. Consolidated Net Income 20.3 110.9 +90.6 In addition to rebound from one-off losses in the previous year, increase in earnings and dividends received in the LNG-related business, etc. （of which, LNG related） [85.9] [119.8] +33.9 （Billion Yen） March 31, 2018 March 31, 2019 Segment Assets 2,074.1 2,246.4 （of which, LNG related) [1,027.8] [1,083.2] Copyright © 2019 Mitsubishi Corporation 7 May 9, 2019 Mitsubishi Corporation Metals Segment Consolidated Net Income （Billion Yen） 1Q 2Q 3Q 4Q 350.0 300.0 261.0 263.6 250.0 82.3 92.1 200.0 147.9 35.0 150.0 17.6 72.0 100.0 60.8 97.2 56.0 50.0 (8.4) 18.4 75.7 (5.5) 14.7 50.7 0.0 ・ ・ (9.4) (50.0) (337.4) ・ (100.0)(400.0) (360.7) FY2015 FY2016 FY2017 FY2018 YoY FY2017 FY2018 Main Reasons Change （Billion Yen） Gross Profit 452.8 502.0 +49.2 Higher sales prices in the Australian coal business, etc. Equity-method income 33.5 (19.9) -53.4 Impairment loss in the Chilean iron ore business, etc. Consolidated Net Income 261.0 263.6 +2.6 Increased earnings in the Australian coal business due to higher sales prices and gains from asset replacements, despite impairment loss in the Chilean iron ore business, etc. (of which, MDP） [198.0] [246.9] +48.9 (of which, Copper)* [37.8] [32.0] -5.8 (*) Copper shown as total of JECO, JECO 2, MCCH, MCRD, and dividend income at the parent. （Billion Yen） March 31, 2018 March 31, 2019 Segment Assets 3,777.3 3,959.4 （of which, MDP） [1,131.8] [1,097.2] (of which, Copper) [554.7] [717.4] Copyright © 2019 Mitsubishi Corporation 8 May 9, 2019 Mitsubishi Corporation Machinery Segment Consolidated Net Income （Billion Yen） 1Q 2Q 3Q 4Q 126.0 130.0 27.8 85.2 80.0 33.9 62.2 20.2 3.7 13.5 29.4 25.7 25.2 18.7 30.0 8.6 21.4 7.5 39.1 26.3 18.0 17.9 (4.7) (20.0) FY2015 FY2016 FY2017 FY2018 YoY FY2017 FY2018 Main Reasons Change （Billion Yen） Gross Profit 195.6 214.3 +18.7 Increase in transaction profit in the Asia automotive business, etc. Equity-method income 28.8 62.6 +33.8 Contribution of equity income from Mitsubishi Motors and increased earnings in the Asia automotive business, etc. Consolidated Net Income 85.2 126.0 +40.8 Contribution of equity income from Mitsubishi Motors and increased earnings in the Asia automotive business, etc. （Billion Yen） March 31, 2018 March 31, 2019 Segment Assets 1,921.1 2,087.7 Copyright © 2019 Mitsubishi Corporation 9 May 9, 2019 Mitsubishi Corporation Chemicals Segment Consolidated Net Income （Billion Yen） 1Q 2Q 3Q 4Q 50.0 38.1 40.0 30.5 30.6 4.7 30.0 26.7 4.3 11.0 9.6 3.2 20.0 7.3 9.3 10.3 10.0 8.0 6.2 10.0 12.4 10.7 8.2 10.8 0.0 (0.1) (10.0) FY2015 FY2016 FY2017 FY2018 YoY FY2017 FY2018 Main Reasons Change （Billion Yen） Gross Profit 116.2 119.1 +2.9 Increase in trading profits in the Petro-chemical business, etc .
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