Mitsui & Co.,ltd · TSE:8031
Mitsui & Co.,ltd — Investor Day (2024)
15 slides from Mitsui & Co.,ltd's investor day presentation, Dec 10, 2024
Slide 1: Sustainable ROE Growth
> MITSUI&CO Sustainable ROE Growth Representative Director, Senior Executive Managing Officer (ee) Tetsuya Shigeta Copyright © MITSUI & CO., LTD. ALL RIGHTS RESERVED.
Slide 2: Operating Environment
Operating Environment > » ‘ P eine Navigating a chan + Eee cia i eopolitical environment changes bine we : Volatility in in nterest rates, exchange rates, and comme adi ity prices UA sa > Changes in supply.chains" Ld r The need for solutions o social issues > Stable supply of energy and resources >
Slide 3: Continuous Enhancement of Base Profit
y > Continuous Enhancement of Base Profit rcereeo Driving forward Business portfolio middle game initiatives =k SE transformation _ + Investments for growth in familiar areas of business and formation of business clusters + Continuous business portfolio reconfiguration + Realization of intrinsic val
Slide 4: Track Record of Enhancing Base Profit: Mineral & Metal Resources Segment
> Track Record of Enhancing Base Profit | Minerals metal Resources Segment woremnco @ Sustainable growth achieved through volume expansion and investment in mining infrastructure @ Further reinforcement of earnings base through accumulation of high quality natural resource assets Mineral & Metal Res
Slide 5: Track Record of Enhancing Base Profit: Energy Segment
> Track Record of Enhancing Base Profit | enersy segment poreureca @ Despite lower oil prices, improved portfolio quality through timely expansion of LNG business and trading @ Anticipating growth through smooth launch of projects such as Ruwais LNG and shift to next-gen fuels Energ Segment results
Slide 6: Track Record of Enhancing Base Profit: Innovation & Corporate Development Segment
Tra ck Reco rd of E n h an ci n g Base Profit | Innovation & Corporate Development Segment <4 @ Driving forward middle game initiatives at core affiliated companies in Japan @ MITSUI KNOWLEDGE INDUSTRY (MKI, now wholly owned) constantly growing since takeover bid in FY March 2015 @ Reproducible grow
Slide 7: Investment Track Record
Investment Track Record Review of investments and loans Hurdle rate RR 10% or higher (USD basis, after tax) late of return on investments, loans, and guarantees Risk-return ratio Strategic importance, competitiveness Familiar Scarcity areas of business Business Timing of cluster earnings Strategy co
Slide 8: Asset Portfolio Review: Supporting Cash Generation
Asset Portfolio Review: Supporting Cash Generation > Asset Portfolio Review @ Start Fiscal year Throughout fiscal year © Follow-up of projects planned for exit in previous fiscal year @ Policy for the current fiscal year’s asset portfolio review © Report on asset portfolio review results (appropriat
Slide 9: Track Record of Cash Generation
y Track Record of Cash Generation <4 MITSUI&CO @ Driving Business Portfolio Transformation through reallocation of management resources to growth areas censPy) Asset Recycling (en.ey) 200 600 Hl Investment cash inflows (right scale) ™®) Gains on asset recycling (left scale) 400 100 0 i. FY March | F
Slide 10: Strengthening of Financial Position
4 Strengthening of Financial Position > @ Introduced a financial strategy of positive cash flow after shareholder returns since MTMP 2017 @ Net DER decreased significantly from 0.9x to 0.4x, allowing flexibility in capital allocation MTMP MTMP MTMP MTMP 2026 2017 2020 2023 FY March 2024 Level of cas
Slide 11: Conclusion
Conclusion Enhancing base profit * Driving forward middle game initiatives * Transformation of business portfolio * Optimization of management resource allocation * Investment discipline > MITSUI&CO - ROIC-oriented management - Business cluster formation in familiar areas of business * Balance sheet
Slide 12: 360° business innovation.
360° business innovation. MITSUIECO.
Slide 13: Appendix
MITSUI&CO Appendix
Slide 14: Appendix 1: Track Record of Large-scale Projects
Appendix 1: Track Record of Large-scale Projects (since beginning of MTMP 2020) sareursco Investments, loans and Contribution to Vs. Announcement Project" guarantees (en PY) profit’? (an spy) initial assumption Current status 2017 Sep Additional isition of Penske Truck Leasin A 139.7% 28.4 Outperfor
Slide 15: Appendix 2: Dividend Income from Equity Method Investees
> Appendix 2: Dividend Income from Equity Method Investees vareuteeo Profit (loss) from equity method investments and equity method dividend cash flow (Bn JPY) (dividend recovery ratio) 600 ® Profit (loss) from equity method investments ® Equity method dividend cash flow 500 ra : Approx. © Dividend