Z

Z — Shareholder Meeting (March 2020)

24 slides from Z's shareholder meeting presentation, Mar 17, 2020

1. Slide 1: Business Integration between Z Holdings Corporation and LINE Corporation

   Business Integration between Z Holdings Corporation and LINE Corporation March 17, 2020 President and Representative Director, CEO Z Holdings Corporation Kentaro Kawabe

2. Slide 2: November 18, 2019: Announced business integration with LINE

   November 18, 2019 Announced business integration with LINE

3. Slide 3: Aiming to become a world-leading AI TECH COMPANY from Japan/Asia

   Aiming to become a world-leading AI TECH COMPANY from Japan/Asia

4. Slide 4: Strong sense of urgency and great ambition

   Strong sense of urgency and great ambition

5. Slide 5: Global tech giants: China and North America

   Global tech giants North China America

6. Slide 6: Significant gap in corporate scale

   Significant gap in corporate scale Chinese Chinese ZHD+LINE US Co. A US Co. B US Co. C Co. A Co. B Market capitalization 3 98 61 98 51 44 (JPY trillion) Operating income 0.2 2.9 2.7 1.4 0.9 1.6 (JPY trillion) R&D expenses 0.02 2.4 1.1 3.2 0.6 0.4 (JPY trillion) Employees 19,000 99,000 36,000 647,000

7. Slide 7: Technology can solve still more challenges in the Japanese society

   Technology can solve still more challenges in the Japanese society Natural Workforce Productivity disasters and many more…

8. Slide 8: Great ambition

   Great ambition

9. Slide 9: We will continue to provide the best user experience and solve social issues in Japan

   We will continue to provide the best user experience and solve social issues in Japan

10. Slide 10: From Japan, we will also provide the best user experience expanding into Asia

    From Japan, we will also provide the best user experience expanding into Asia

11. Slide 11: Towards a world-leading AI Tech Company from Japan/Asia

    Towards a world-leading AI Tech Company from Japan/Asia

12. Slide 12: Synergies through the business integration

    Synergies through the business integration

13. Slide 13: Synergies: Business Base

    Synergies: Business Base Monthly users Monthly users 67.43 mil ※1 83 mil ※2 Business clients (companies) Business clients (companies) Over 3 mil ※3 Apx. 3.7 mil ※4 No. of officers & employees (consolidated) No. of employees (consolidated) 14,624 ※5 7,913 ※6 ※1：Nielsen “TOPS OF 2018: DIGITAL IN JAPAN

14. Slide 14: Global (LINE)

    Global (LINE) Used in Users registered on 185 million over 230 LINE Pay Global; exceeded Bank business monthly users countries and regions 52 million preparing in 4 key countries

15. Slide 15: Synergies: Services

    Synergies: Services Media/advertisement Content Commerce/O2O Fintech/finance AI

16. Slide 16: Synergies: Group

    Synergies: Group “ Strategy”

17. Slide 17: Strengthening privacy protection and cybersecurity in both Companies

    Strengthening privacy protection and cybersecurity in both Companies • Data created by users belongs to users • Strict compliance with Japanese laws and regulations in data use and management • Continuously enhance cybersecurity to protect data

18. Slide 18: Our growth strategy under the new structure

    Our growth strategy under the new structure

19. Slide 19: Reinforcing collaborations among Japan's major Internet services in our group

    Reinforcing collaborations among Japan’s major Internet services in our group, we will provide unrivaled and convenient experiences to our users

20. Slide 20: Our strategy: "Winning with ease"

    Our strategy: “Winning with ease” (cf. Sun Tzu) Users Business clients AI 67.43mil 83mil 3 mil 3.7mil ※1 ※2 ※3 ※4 matching accounts accounts Improve usability Payment EC O2O Search Advertising ※1：Nielsen “TOPS OF 2018: DIGITAL IN JAPAN Top 10 Total numbers of digital users in Japan” ※2：As of the end

21. Slide 21: As a Japanese platform operator that knows Japan best

    As a Japanese platform operator that knows Japan best, we will create a big future that can only be shaped by Z Holdings Corporation

22. Slide 22: Final structure of this business integration

    General shareholders of ZHD Former LINE Final structure of this business integration New LINE

23. Slide 23: Proposal No.1 "Approval of Share Exchange Agreement"

    Proposal No.1 “Approval of Share Exchange Agreement” General shareholders of ZHD Former LINE Share exchange New LINE New LINE ZHD Shares Shares *Share exchange in which ZHD will become the wholly owning parent company and new LINE will become the wholly owned subsidiary

24. Slide 24: Thank you for your continued support

    Thank you for your continued support

Z Holdings — Shareholder Meeting (March 2020) on 6ix