Fiscal year 2010 financial results

Fiscal year 2010 financial results May 12, 2011 Nissan Motor Co., Ltd. full-year financial results Key performance indicators: Financial results (billion yen) Net revenue Operating profit Net income Free cash flow (Auto) Net debt (Auto) +16.7% 8,773.1 7,517.3 +72.5% 537.5 +653.1% 311.6 319.2 375.5 459.3 29.7 42.4-293.3 1 full-year financial results

Business update Nissan LEAF Start of production in Oppama, Japan (Oct.) Start of sales in US, Japan and Europe 2 full-year financial results Business update Nissan LEAF European Car of the Year World Car of the Year 3 full-year financial results

Business update Current status of battery plants Sunderland, UK Began construction on April 2010 Zama, Japan Currently operating Cacia, Portugal Began construction on February 2011 Smyrna, USA Began construction on May 2010 4 full-year financial results Business update China sales volume 1,100 1,000 900 800 700 600 500 400 300 200 100 0 (k units) 94 CY03 1,024 756 545 458 297 363 179 CY04 CY05 CY06 CY07 CY08 CY09 CY10 5 full-year financial results

Business update 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100 0 China production capacity (2 shifts) (k units) 670 End of 2009 885 End of 2010 1,200 End of 2012 September 2010: Opened Zhengzhou number 2 plant 2012: Huadu number 2 plant scheduled to open 6 full-year financial results Business update Ashok Leyland DOST 7 full-year financial results

Business update Start of production and sales of global compact car Europe Middle East India China Japan Mexico Mexico Africa Thailand Oceania Latin America 8 full-year financial results Business update PURE DRIVE Idling Stop 3-cylinder Super-charged engine Clean Diesel Hybrid Idling Stop 9 full-year financial results

Business update 10 all-new global launches Europe Nissan LEAF Juke Micra QX M Japan Juke Elgrand Serena Moco March Nissan LEAF North America Nissan LEAF Quest Murano CrossCabriolet NV Series QX Juke All-new global launches Regional launches Other markets Sunny QX M 10 full-year financial results Business update NV200 Selected as Taxi of Tomorrow in New York City 11 full-year financial results

Business update Cooperation with partners 12 full-year financial results sales performance financial performance Recovery from the earthquake 13 full-year financial results

Sales performance: Global 64.48 47.50 TIV* 72.61 4.60 14.52 (12.10) Change vs. All regions +12.6% Japan North America (US) -5.7% +11.4% (+12.4%) Retail volume 3,515 4,185 600 1,245 (966) Change vs. All regions +19.1% Japan North America (US) -4.7% +16.6% (+17.3%) (million units) 18.05 16.61 Europe China -0.5% +31.6% (thousand units) 607 1,024 Europe China +19.3% +35.5% 18.83 1H Others +19.1% 709 Others +28.2% *Nissan s estimation 14 full-year financial results Sales performance: Japan (thousand units) Retail volume -4.7% 630 600 TIV decreased 5.7% to 4.6 million units Nissan sales decreased 4.7% to 600 k units but market share improved 0.1% to 13%, driven by new models Juke, Serena and Elgrand TIV in 4Q decreased 23.7% but Nissan s market share improved 0.3% to 14.1% Moco Market share +0.1% (%) 12.9 13.0 March Serena 15 full-year financial results

Sales performance: China (Jan. to Dec.) Retail volume by brand (thousand units) 756 546 210 +35.5% 1,024 713 311 Nissan + Infiniti DFL TIV* increased 31.6% to 16.6 million units Sales in China increased 35.5% to 1,023.6 k units 4Q sales in China increased 25.5% to 268.6 k units, driven by Sylphy, Teana and QASHQAI Market share* +0.2% 6.0 6.2 Teana Sylphy (%) 16 *TIV for China : Passenger and LCV only full-year financial results Sales performance: North America (thousand units) US retail volume +17.3%* 824 US market share +0.4% 966 TIV increased 12.4%* to 12.1 million units in US 4Q sales in US increased 25% to 285.4 k units, trucks increased 51.1% to 93.5 k units and Infiniti increased 17.5% to 27.8 k units Canada: Sales increased 3.5% to 83.3 k units, market share decreased 0.1% to 5.3% Mexico: Sales increased 20.2% to 195 k units, market share improved 1.4% to 23.1% (%) 7.6 8.0 Rogue Infiniti M 17 *Variances on a straight-percentage basis full-year financial results

Sales performance: Europe (thousand units) Retail volume +19.3% 509 607 TIV decreased 0.5% to 18.1 million units Sales in Western Europe increased by 10.6% to 469.4 k units Sales in Russia increased 84.9% from 55.4 k units to 102.5 k units Market share: Market share +0.5% Russia 4.0% 4.8% Europe excl. Russia 2.7% 3.2% 2.8 3.3 Juke QASHQAI series (%) 18 full-year financial results Sales performance: Other markets Sales in Latin America increased 65.7% to 169.4 k units (4Q sales: +55.3% to 49.3 k units) (thousand units) Retail volume +28.2% 553 709 Sales in Thailand increased 87.6% to 64.9 k units (4Q sales: +111% to 20 k units) Sales in Indonesia increased 65.4% to 42.6 k units (4Q sales: +57.2% to 13.8 k units) Sales in Middle East increased 0.5% to 180 k units (4Q sales: -16.6% to 47.1 k units) March/Micra Livina series 19 full-year financial results

sales performance financial performance Recovery from the earthquake 20 full-year financial results financial performance (billion yen) Variance Change vs (%) Net revenue 7,517.3 Operating profit Non-operating Ordinary profit Extraordinary Profit before tax 311.6-103.9 207.7-66.1 141.6 8,773.1 +1,255.8 537.5 OP margin (4.1%) (6.1%) 0.3 537.8 +330.1-57.7 Taxes -91.5-132.1 Effective tax rate (64.6%) (27.5%) Minority interest -7.7-28.8 Net income 42.4 319.2 +225.9 480.1 +338.5 +276.8 +16.7% +72.5% +158.9% +239.0% +653.1% FX rate 92.9 JPY/USD 131.2 JPY/EUR 85.7 JPY/USD 113.1 JPY/EUR -7.2 JPY/USD -18.1 JPY/EUR 21 full-year financial results

financial performance Operating profit variance analysis (billion yen) -191.5-19.8-18.5-11.7-7.1 +29.5 +32.2 +21.4 537.5 311.6-147.5 +433.1-85.2 +191.0 O.P. FOREX Raw material/ energy cost Purch. cost reduction Volume/ mix Selling exp. Resale of returned lease vehicles R&D exp. Mfg. exp. Warranty exp. Sales finance AFL After sales & others 4Q only 82.7-37.2-40.6 +55.6 +88.4-57.7-0.5 +6.1-1.5-15.0 +9.6-0.7-0.6 88.6 O.P. 22 full-year financial results financial performance Free cash flow (Auto business) (billion yen) -224.8 +156.4-110.2 614.5-263.7 +793.1 459.3 +48.5 +60.0 Net cash inflow from P&L items AP/AR Inventory Tax/ Cash flow other from operating operating activities activities Capex* Asset sales Other investing Free cash flow 23 * Capex does not include finance lease-related investments full-year financial results

Net debt (Auto business) 700 ( billion yen) 500 300 100 783.5 387.9 405.3 293.3 207.1 29.7 22.8-293.3 bil. yen -391.1 bil. yen* *Based on FX rates as of 3/31/2010 : USD : 93.0 EUR : 124.9-100 -69.3-42.9-293.3-300 2008 Dec 2009 Mar Jun Sep Dec 2010 Mar Jun Sep Dec 2011 Mar FX Yen/USD End of month 91.0 98.2 96.0 90.2 92.1 93.0 88.5 83.8 81.5 83.2 24 full-year financial results Inventory management (New vehicle inventory) (thousand units) 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100 0 670 2008 Dec 470 440 410 2009 Mar Jun Sep Dec 490 470 2010 Mar 650 520 570 Jun Sep Dec 610 2011 Mar 80 70 60 50 40 30 20 10 0 (days) Dealer inventory, except some minor countries 25 Days supply Consolidated Nissan inventory, except some minor countries full-year financial results

sales performance financial performance Recovery from the earthquake 26 full-year financial results Earthquake Crisis Committee from March 11 27 full-year financial results

Production status in Japan Resumed production at all plants Tochigi Iwaki Kyushu Nissan Shatai Kyushu JATCO Kyoto Oppama Nissan Koki Yokohama Aichi Kikai Nissan Shatai JATCO Fuji 28 full-year financial results Operations restored in Iwaki plant Heavy damages on March 11 Collapse of air ducts Dropped engines Floor subsidence Equipment dislodged 29 full-year financial results

Operations restored in Iwaki plant Resume production from April 18 30 full-year financial results Three remaining challenges 1) Disrupted supply chain Continue supplier support Secure alternative sourcing 31 full-year financial results

Three remaining challenges 2) Electricity shortage Company-wide conservation efforts Consider more nighttime operations Consider additional in-house electricity generation Study JAMA s policy to change days of operation 32 full-year financial results Three remaining challenges 3) Radioactive contamination harmful rumors Radiation testing on products 33 full-year financial results

34 FY11 Presidential Address Gambaro Nissan!! 35 FY11 Presidential Address

Maintain Japan production 1 million base 36 full-year financial results 37 full-year financial results

Appendix 38 full-year financial results Sales financing: Funding sources (As of March 2011) ABS Off B/S 5.1% ABS On B/S 22.4% Equity 10.9% Group Finance (Inter-Company) 17.8% Commercial paper 5.6% S/T Loan 3.9% Bonds 9.3% L/T Loan 25.0% Total funding amount 3,857 billion yen 39 full-year financial results

Sales financing: penetration Retail Lease 100 90 80 70 60 50 40 30 20 10 0 % NFS NMAC NCF NRFM 3% 3% 30% 31% 21% 24% 28% 32% 24% 30% 45% 43% 33% 34% NFS: Nissan Financial Service, sales finance company in Japan NMAC: Nissan Motor Acceptance Corporation, sales finance company in USA NCF: Sales financing division of Nissan Canada Inc NRFM: NR Finance Mexico, sales finance company in Mexico 40 full-year financial results Sales financing: net credit loss ratio Variance NFS Lease: 0.07% Retail: 0.30% Lease: 0.05% Retail: 0.26% Lease: -0.02% Retail: -0.04% NMAC Lease: 0.86% Retail: 1.93% Lease: 0.37% Retail: 1.05% Lease: -0.49% Retail: -0.88% NCF Lease: 0.25% Retail: 0.25% Lease: 0.23% Retail: 0.24% Lease: -0.02% Retail: -0.01% NFS: Nissan Financial Service, sales finance company in Japan NMAC: Nissan Motor Acceptance Corporation, sales finance company in US NCF: Sales financing division of Nissan Canada Inc 41 full-year financial results

Sales financing: operating profit & asset ( NFS : billion yen, NMAC : million USD, NCF : million CAD, NRFM : million Peso) Variance NFS Asset: 1,160.7 OP: 11.5 Asset: 1,138.1 OP: 11.5 Asset: -22.6 OP: 0.0 NMAC Asset: 31,276 OP: 581 Asset: 33,640 OP: 855 Asset: +2,364 OP: +274 NCF Asset: 3,735 OP: 94 Asset: 3,777 OP: 93 Asset: +42 OP: -1 NRFM Asset: 24,390 OP: 427 Asset: 26,994 OP: 808 Asset: +2,604 OP: +381 NFS: Nissan Financial Service, sales finance company in Japan NMAC: Nissan Motor Acceptance Corporation, sales finance company in US NCF: Sales financing division of Nissan Canada Inc NRFM: NR Finance Mexico, sales finance company in Mexico 42 full-year financial results financial performance Operating profit variance analysis 1. Foreign exchange impact -147.5 (billion yen) USD -117.3 (92.9 to 85.7) CAD -1.8 (85.2 to 84.3) AUD +3.3 (78.9 to 80.7) 2. Volume / mix RUB -17.7 (3.04 to 2.84) EUR* -0.9 Others -13.1 +433.1 Japan -12.2 Vol: -11.0 Mix: -1.2 US +176.2 Vol: +153.8 Mix: +22.4 EUR +108.5 MEX&CAN +16.5 Vol: +98.1 Mix: +10.4 Others +144.1 3. Selling expenses -191.5 Japan -7.5 Incentives: -0.8 Others: -6.7 US&CAN -99.7 Incentives: -66.6 Others: -33.1 EUR -39.1 Incentives: -40.3 Others: +1.2 Others -45.2 Incentives: -22.9 Others: -22.3 43 full-year financial results * including other European currencies (excluding RUB)

fourth-quarter sales performance: Global (Million units) 16.98 TIV* 18.92 1.14 3.61 (3.06) 4.79 4.59 Change vs. All 4Q regions +11.4% Japan -23.7% North America +17.8% (+20.2%) (US) Europe China +4.7% +24.0% (thousand units) Retail volume 1,010 1,167 162 354 (285) 182 269 Change vs. All 4Q regions +15.6% Japan North America (US) Europe China -21.8% +21.5% (+25.0%) +40.3% +25.5% 4.79 Others +15.5% 200 Others +19.9% 4Q 4Q 4Q 4Q *Nissan s estimation 44 full-year financial results fourth-quarter financial performance (billion yen) 4Q Net revenue 2,137.7 Operating profit Non-operating Ordinary profit Extraordinary 82.7-20.8 61.9-29.1 Variance 4Q 2,351.3 +213.6 +10.0% 88.6 OP margin (3.9%) (3.8%) -7.0 81.6 +19.7-50.0 +5.9 +7.2% +31.9% Profit before tax 32.8 31.6-1.2 Taxes -41.7 5.3 FX rate Effective tax rate (127.1%) ( - ) Minority interest Net income -2.7-11.6 90.7 JPY/USD 125.5 JPY/EUR -6.1 30.8 82.3 JPY/USD 112.7 JPY/EUR +42.4-8.4 JPY/USD -12.8 JPY/EUR -3.6% - 45 full-year financial results

fourth-quarter financial performance Operating profit variance analysis 1. Foreign exchange impact -37.2 (billion yen) USD -29.3 (90.7 to 82.3) CAD -2.1 (87.2 to 83.5) AUD +0.3 (82.1 to 82.8) 2. Volume / mix RUB -5.3 (3.05 to 2.82) EUR* +0.3 Others -1.1 +88.4 Japan -20.4 Vol: -19.1 Mix: -1.3 US +39.1 Vol: +36.5 Mix: +2.6 EUR +55.0 MEX&CAN +8.3 Vol: +44.8 Mix: +10.2 Others +6.4 3. Selling expenses -57.7 Japan +1.7 Incentives: +3.4 Others: -1.7 US&CAN -27.8 Incentives: -16.7 Others: -11.1 EUR -16.2 Incentives: -17.5 Others: +1.3 Others -15.4 Incentives: -3.2 Others: -12.2 46 full-year financial results * including other European currencies (excluding RUB) financial performance Detail of non-operating income/expenses (billion yen) Variance Interest income / expenses FX translation NML NMEX NMAC Others Derivative gain and loss -16.2-3.6-26.0 5.2 13.8-13.8 +2.4-10.6-28.9-18.3-17.1-1.4-12.2 1.8 Offset -13.5 +24.6-17.4-12.0-11.3 14.1 +25.4 NMAC Others -3.2-8.1 11.8 2.3 +15.0 +10.4 Profit/Loss under equity methods -50.6 43.0 +93.6 Amortization of net retirement benefit -10.9-10.7 +0.2 47 full-year financial results

financial performance Detail of extraordinary gains/losses (billion yen) Variance Sale/disposal of fixed assets -11.4 5.4 +16.8 Sale of investment securities 2.1 2.5 +0.4 Impairment loss on fixed assets -35.7-10.9 +24.8 Special addition to retirement benefits -18.3-7.2 +11.1 Loss on asset retirement obligation 0.0-3.8-3.8 Loss on earthquake 0.0-39.6-39.6 48 full-year financial results fourth-quarter financial performance Detail of non-operating income/expenses (billion yen) 4Q 4Q Variance Interest income / expenses FX translation NML NMEX NMAC Others Derivative gain and loss -3.7 2.2-5.9 3.7 2.5-4.1-0.4 2.5 3.3 +0.8 4.7-2.1 2.2-1.5 Offset +2.5 +3.8-1.5-4.0-3.1-3.4-0.3 NMAC Others -2.9-0.2-3.4 0.0-0.5 +0.2 Profit/Loss under equity methods -12.6 0.8 +13.4 Amortization of net retirement benefit -2.7-2.7 0.0 49 full-year financial results

fourth-quarter financial performance Detail of extraordinary gains/losses (billion yen) 4Q 4Q Variance Sale/disposal of fixed assets -9.1 1.9 +11.0 Sale of investment securities -0.4 0.2 +0.6 Impairment loss on fixed assets -14.0-5.5 +8.5 Special addition to retirement benefits -4.3-5.3-1.0 Loss on earthquake 0.0-39.6-39.6 50 full-year financial results fourth-quarter financial performance Free cash flow (Auto business) (billion yen) 318.1-109.9 +32.9 +9.3 246.8 +97.2 +29.3 +40.0 +148.0 Net cash inflow from P&L items AP/AR Inventory Tax/ Cash flow other from operating operating activities activities Capex* Asset sales Other investing Free cash flow 51 * Capex does not include finance lease-related investments full-year financial results

financial performance Free cash flow (Auto business) variance (billion yen) Variance Net cash inflow from P&L items 498.8 793.1 +294.3 AP/AR 247.4 156.4-91.0 Inventory -27.5-224.8-197.3 Tax/Others -11.2-110.2-99.0 Operating activities 707.5 614.5-93.0 Capex* -272.9-263.7 +9.2 Asset sales 41.5 48.5 +7.0 Others -100.6 60.0 +160.6 Investing activities -332.0-155.2 +176.8 Free cash flow 375.5 459.3 +83.8 52 * Capex does not include finance lease-related investments full-year financial results retail sales Detail of other markets 300 287.4 (thousand units) 200 100 206.9 179.1 180.0 52.9 68.1 102.2 169.4 0 Asia & Oceania M.East Africa Latin America 53 full-year financial results

fourth-quarter retail sales Detail of other markets 4Q 4Q 100 84.4 (thousand units) 50 60.1 56.5 47.1 14.9 18.5 31.8 49.3 0 Asia & Oceania M.East Africa Latin America 54 full-year financial results