Japan Airport Terminal : April 1, 2019 to March 31, 2020 (FY19) Earnings Presentation Material (June 10, 2020)

April 1, 2019 to March 31, 2020 (FY19)

Earnings Presentation Material

(June 10, 2020)

* This document has been translated from the Japanese original, for reference purposes only.

If there is any discrepancy between this translated document and the Japanese original, the original shall prevail.

Japan Airport Terminal Co., Ltd.

https://www.tokyo-airport-bldg.co.jp/

Contents

April 1, 2019 to March 31, 2020 (FY19)

Earnings Presentation Material

1 ．Review of Consolidated Financial Results for FY19

（１）Business Environment	２
		P
（２）Consolidated Financial Results	３
		P
（３）Consolidated Financial Results (Amount affected due to consolidation of TIAT)	４
		P
（４）Changes in Quarterly Financial Results	５
		P
（５）Status of Reflection of Haneda Internationalization Investment	６
		P
（６）Impact of COVID-19	７
		P
2 ．Outlook for FY20
（１）Current Business Environment and Status of Passenger Volume	８
		P
（２）Main Initiatives for the Current Term	９
		P
（３）Impact of Changes in Passenger Volume on Financial Results
３．Progress under the Medium-Term Business Plan
（１）Progress of Business Strategies
（２）Progress of the Guidelines
４．Medium- to Long-Term Direction
（１）Forecasts for Passenger Demand
（２）Review of the Operational Method for the Airport Terminal Business
（３）Initiative Details

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• P １２

• P １３

• P １４

Contents

Supplementary Material

Reference Material

1. Details of Consolidated Financial Results for FY19

1. Outline of Japan Airport Terminal Group

• (1) Changes in Passenger Volume

  (Haneda, Narita, Kansai and Chubu Centrair)

• (2) Consolidated Financial Results for FY19

• (3) Financial Results by Segment

  • (i) Facilities management

  • (ii) Merchandise sales

  • (iii) Food and beverage

• (4) Breakdown of Selling, General and Administrative Expenses

• (5) Changes in Non-Operating Income/Expenses and Extraordinary Income/Loss

• (6) Consolidated Balance Sheets

• (7) Consolidated Statements of Cash Flows

[Reference] Purchasing Trends of Non-Japanese

Passengers by Nationality

2. Other Information

• (1) Capital Expenditure and Depreciation Expenses (Results)

• (2) Changes in Operating Revenues/Ordinary Income/Cash Flows

• P １６

• P １７

• P １９

P P P

• (1) The company's position at Haneda Airport

  (comparison with other major airports in Japan)

• (2) Business Details

• (3) Basic Philosophy and Management Policy

  ２０ ２１ ２２

• (4) ESG Initiatives

• (5) Company History

• (6) Group Companies

• (7) Revenue Composition/Details by Segment, Composition of sales

  P

  ２３

• (8) Changes in Capital Investment

  P P

  ２４ ２５ ２６

• (9) Summary of Tokyo International Air Terminal Corporation

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• P ３６

• P ３７

• P ３８

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４０

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2. Summary of Tokyo International Airport (Haneda)

• (1) Location Map

• (2) Comparison of Passenger Volume

  P

  ２９

  • P ３０

• (3) Domestic Destinations and Flights

• (4) International Destinations and Flights

• (5) International Rating of the Haneda Airport Passenger Terminal

• P ４１

• P ４２

• P ４３

• P ４４

• P ４５

Earnings Presentation Material

April 1, 2019 to March 31, 2020 (FY19)

• 1. Review of Consolidated Financial Results for FY19

• 2. Outlook for FY20

• 3. Progress under the Medium-Term Business Plan

• 4. Medium- to Long-Term Direction

1. Review of Consolidated Financial Results for FY19

(1) Business Environment

➢ A record-high 31.88 million non-Japanese passengers visited Japan in CY2019. Japanese passengersdeparting from Japan also increased

• ➢ Passengers to Japan decreased and the economy deteriorated sharply after February due to the impact of the coronavirus pandemic (COVID-19)

• ➢ In the exchange rate market, a strong yen and weak dollar and yuan continues

• ➢ Haneda domestic flights increased in the first half of the year but weakened in the second half due partly to the impact of natural disasters with a greater reduction in February and March due to the impact of COVID-19

• ➢ Haneda international flights increased compared with the previous year up to January despite a decline in flight passenger volume from Korea after August, with a greater reduction in February and March due to the impact of COVID-19

• ➢ The international passenger figure at Narita and other airports decreased significantly in the second half of the year due to a great fall in February and March

The number of passengers (YoY comparison)

Note: Haneda Airport passenger volume is based on aggregate statistics of airport usage within the jurisdiction of East

Japan Civil Aviation Bureau, available on the website of the East Japan Civil Aviation Bureau of the Ministry of Land, Infrastructure, Transport and Tourism.