Mizuho Leasing Company, Limited · TSE:8425

Mizuho Leasing — FY2020 Earnings Presentation

16 slides from Mizuho Leasing's earnings presentation, May 12, 2021

1. Slide 1: Overview Results for FY2020

   Overview Results for FY2020 May 12, 2021 Mizuho Leasing Co., Ltd.

2. Slide 2: Summary of Results for FY2020

   Summary of Results for FY2020 Net income attributable to owners of the parent (¥bn) 21.8 Net income attributable to owners of 16.6 17.5 the parent amounted to ¥21.8bn, 13.6 hitting a record high for the 12.4 +24% 8th straight year. FY16 FY17 FY18 FY19 FY20 FY2020 forecast and results (¥bn) % Full-ye

3. Slide 3: Summary of Results for FY2020: Dividends and Operating Assets

   Summary of Results for FY2020 Long-term dividend trend (¥) Year-end dividend Interim dividend 82 92 (planned) 78 Annual dividend will be ¥92 80 70 64 60 (¥10 increase y-o-y) 48 50 54 56 40 42 52 (planned) 38 34 Plan to raise annual dividend 40 24 26 28 28 30 for the 19th straight year 30 30 32 38 40

4. Slide 4: Factors behind change in net income attributable to owners of the parent

   Factors behind change in net income attributable to owners of the parent 4.2 21.8 ¥bn (8) -0.6 4.6 1.7 1.2 17.5 (6) (7) (4) (5) (1) (3) -0.7 -1.7 -0.5 (2) -2.6 Mainly due to -1.3 foreign-currency factors Factors specific to Lease Funding costs Selling, Extraordinary FY20 Total other general and Othe

5. Slide 5: Overview of Financial Results

   Overview of Financial Results % (¥bn) FY18 FY19 FY20 Change Change Proceeds from sales of properties Revenues 384.9 539.2 497.9 -41.3 -8% upon completion of real estate-related bridge scheme projects decreased Gross profit before write-offs and funding costs 52.6 60.3 59.3 -1.0 -2% Funding costs 8.5

6. Slide 6: Business Performance Overview

   Business Performance Overview Contract execution volume Operating assets Contract execution volume increased 6% y-o-y. Operating assets increased 11% from the end of the － Leasing and installment sales generally decreased due to previous fiscal year. the impact of COVID-19, but the sales of informat

7. Slide 7: Contract Execution Volume / Leasing and Installment Sales

   Contract Execution Volume / Leasing and Installment Sales Contract execution volume by equipment type % (¥bn) FY18 FY19 FY20 Change Change Captured capital investment needs Information and mainly of telecommunications 93.4 152.9 176.1 +23.2 +15% communications carriers Real estate 126.8 180.6 154.3

8. Slide 8: Contract Execution Volume / Financing

   Contract Execution Volume / Financing Contract execution volume % (¥bn) FY18 FY19 FY20 Change Change Commercial distribution 856.3 492.3 627.0 +134.7 +27% finance / loan, etc. Mizuho Group synergies led to increase in mezzanine loans and Real estate 97.0 57.8 105.2 +47.4 +82% bridge schemes for logi

9. Slide 9: Funding

   Funding  Actively utilized direct funding such as issuance of bonds and CPs to ensure the stability of funding and control costs.  Funding costs and funding costs ratio both decreased mainly due to lower foreign currency funding interest rates. Interest-bearing debt Funding costs (ratio) Borrowing

10. Slide 10: Earnings Forecasts and Dividends

    Earnings Forecasts and Dividends

11. Slide 11: Earnings Forecasts for FY2021

    Earnings Forecasts for FY2021  Although the economic environment is expected to begin a gradual recovery, attention will still need to be paid to the impact of COVID-19 during FY2021 as there remains a great deal of uncertainty caused, for example, by the emergence of new variants and issues with v

12. Slide 12: Dividends

    Dividends  Plan for a year-end dividend of ¥52/share for FY2020, which is ¥8 higher than the ¥44 initially forecast.  Based on FY2021 earnings forecasts, plan to raise annual dividend for the 20th straight year to ¥110/share in FY2021, in consideration of balance between shareholder returns such a

13. Slide 13: Supplementary Materials for Financial Results

    Supplementary Materials for Financial Results

14. Slide 14: Overview of Sixth Mid-term Management Plan (FY 2019-2023)

    Overview of Sixth Mid-term Management Plan (FY 2019-2023) Providing solutions that contribute to financial and Cooperation with strategic business partners business strategies for all our clients (*1) Enhancing lease financing business by expanding Mizuho Financial Group client base  One of the lar

15. Slide 15: Consolidated Targets for the Final Fiscal Year of Sixth Mid-term Management Plan

    Consolidated Targets for the Final Fiscal Year of Sixth Mid-term Management Plan (FY 2019-2023) Dividend Net income attributable ¥30.0 Balance in Triple payout Aim for 25% to owners of the parent billion the global area compared with that at or more the end of March 2019 ratio (¥bn) 30.0 Triple comp

16. Slide 16: Connect needs to create the future

    Connect needs to create the future Inquiries Mizuho Leasing Company, Limited Corporate Planning Department Corporate Communication Division Tel: +81-3-5253-6540 Fax: +81-3-5253-6539 This document contains forecasts and other forward-looking statements that are based on information available at the t

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