FY2014 Results Briefing Presentation Materials

FY2014 Results Briefing Presentation Materials May 29, 2015 New Kansai International Airport Co., Ltd.

Agenda I. Overview of Financial Results for FY2014 and Current State of our Business President & CEO Keiichi Ando II. III. Detail of Financial Results for FY2014 and Funding for FY2015 Managing Director & Executive Officer Takasuke Takeshima Q&A 1

I. Overview of Financial Results for FY2014 and Current State of our Business 2

1. Midterm Management Plan (main points of the plan) Strategic Growth Plan announced 24 October, 2012 Aviation growth Terminal growth New Kanku Model Our goal is to realize growth to become a leading airport in Asia with an original Japanese airport business model. Taking off to Transform airports. Japan transforms. National Strategic Project (First attempt in Japan) Private-sector-led management in core infrastructure and utilization of private funds through concession. Separation of land holding and operation Management by private-sector Operation of multi-airports Integration of aeronautical and non-aeronautical (commercial) business Concession transaction (operation rights for public facility) New Initiatives Management efficiency Security &Safety, Environmental measurements, increase customer satisfaction Utilize the know-how of the airport operation Implemented during FY2012 to FY2014 Growth target (FY2014) 1. Aircraft movement: 305,000 (Change% from FY2011: 32%) 2. Number of passengers : 33 million (Change% from FY2011: 23%) 3. Operating revenue (sales): 150 billion yen (Change% from FY2011: 70%) 4. EBITDA: 60.0 billion yen (Change% from FY2011: 42%) Note: EBITDA = Operating income + Depreciation 3

2-1. Overview of Traffic Statistics Due to the expansion of the flight network and the strong level of inbound passengers, etc., the traffic statistics remain strong across the board. FY2013 FY2014 Change % FY2013 FY2014 Change % Aircraft Movements ('000) 133 145 9% 139 139 0% International 86 95 10% - - - Passenger 72 79 11% As the - number of movements - has -almost Full Service Carrier (FSC) 58 62 6% reached the upper limit, the movements were at the -same level as -the previous year. - The Low Cost Carrier (LCC) 13 17 31% number of passengers slightly increased due - - - to the increase of long distance flights. Cargo 14 14 6% - - - Domestic 47 5 6% 14 14 0% Passengers ('000) 18,126 20,044 11% 14,101 14,621 104% International 12,052 13,519 12% - - - KIX Japanese 6,781 6,297-7% - - - Foreign 4,967 6,988 41% - - - Transit 304 235-23% - - - Domestic 6,074 6,525 7% 14,101 14,621 4% Cargo ('000 tonnes) 671 741 10% 133 133 0% ITM Note: Underlined figures in red indicate highest levels since opening of the airport. 4

(Reference) Transition of Aircraft Movements and Number of Foreign Passengers at KIX (Unit: Thousand movements) 160 Aircraft movements 140 120 100 80 (international) (Total of passenger and cargo flights) 108 Aircraft movements (domestic) (Total of passenger and cargo flights) 119 122 118 118 124 122 109 100 103 113 117 Both aircraft movements and number of foreign passengers reached record highs! Number of foreign passengers 130 129 109 107 108 129 133 145 4.97 (Unit: million passengers) 6.99 8.0 7.0 6.0 5.0 4.0 60 40 20 53 1.65 1.97 2.17 2.17 2.27 2.42 2.43 2.36 2.24 2.62 2.79 3.08 3.34 3.09 2.89 3.47 2.76 3.82 3.0 2.0 1.0 0 0.84 0.0 (FY) 5

2-2. Overview of Operating Results (Consolidated P/L) KIX: With the increase of international passengers, revenue greatly increased mainly from the Passenger Service Facility Charge and duty-free shops and stores. ITM: Although the landing fee revenue decreased due to the change of the aircraft types, etc., operating income increased because of decreased expenses due to lower maintenance costs, etc. OAT: Due to the first full year accounting of the OAT group and the increase of passengers, the operating income was more than twice that of the previous year. KIX OAT OAT Group (Unit: billion yen) FY2013 FY2014 Change Change % FY2013 FY2014 Change Change % FY2013 Second half FY2014 Change Change % Operating Revenue 99.9 113.9 14.0 14% 14.0 13.8-0.2-2% 16.5 37.6 21.1 128% Airport operations Retail operations Railway operations 62.9 66.6 3.8 6% 12.7 12.4-0.3-2% - - - - 33.1 43.2 10.1 31% 1.3 1.4 0.1 5% - - - - 4.0 4.1 0.1 2% - - - - - - - - Operating Expense 74.7 81.1 6.4 9% 7.7 7.1-0.6-8% 15.4 32.9 17.6 114% Operating Income 25.2 32.8 7.6 30% 6.3 6.7 0.4 6% 1.1 4.7 3.5 307% Note 1: OAT group consists of Osaka International Airport Terminal Co., Ltd. ("OAT") which operates ITM airport building, and its subsidiaries. Note 2: OAT group was consolidated since the second half of FY2013. 6

2-3. Overview of Operating Results (Consolidated P/L) (cont.) Reflecting strong operations, both operating revenue and income recorded highs and the operating margin ratio was 28%!! Negative goodwill of 10.6 billion yen was posted due to the OAT consolidation in FY2013 so the net income decreased by 4.3 billion yen in FY2014 to 19.6 billion yen. (Unit: billion yen) FY2013 FY2014 Change Change % Operating Revenue Operating Expense Operating Income Ordinary Income Net Income 126.8 153.8 27.0 21% 94.2 109.6 15.3 16% 32.6 44.3 11.6 36% 21.9 33.3 11.4 52% 23.9 19.6-4.3-18% 7

(Reference) Transition of Consolidated Financial Results as the End of Fiscal Year (Based on Ordinary Income) (Unit: billion yen) 40.0 30.0 33.3 31.3 20.0 10.0 0.0-10.0-20.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014-3.8-6.4-5.2-8.1-15.3-16.7-15.0-15.3-15.0-16.7-15.4 12.6 11.4 9.2 5.2 3.6 3.8 2.4 0.2 0.9 21.9 18.0 17.9 11.1 8.3 9.0 0.8 1.5 Excluding grant-in-aid Including grant-in-aid Grant-in-aid 9.0 (billion yen) 7.5 6.9 4.0 2.0 (FY) 8

2-4. Comparison with the Midterm Management Plan Aircraft Movements Number of Passengers Unit: thousand) (Unit: million) Change from the plan -21 Change from the plan +16.6 Although the figure did not reach the midterm plan, the schedule of the international flights at KIX is continuing to update the record highs and is growing steadily. Due to the attraction of LCCs and the strong level of inbound passengers, mainly from Asia, etc., the number of passengers reached the midterm plan. Midterm plan Midterm plan 9

2-5. Comparison with the Midterm Management Plan (cont.) Operating Revenue Operating Income/ EBITDA Unit: billion) Change from the plan +3.3 (Unit: billion) EBITDA Change from the plan +8.9 Due to the acquisition of demand related to the steady progress of the plan for maintenance of the LCC terminal and cargo warehouse, KIX Terminal 1 renovation, etc., both revenue and income met the plan! Midterm plan Operating income Change from the plan +9.0 Midterm plan 10

3-1. Airport Operating Business Transition of number of international flights at KIX Due to the attraction of LCCs and the strong level of inbound passengers, mainly from Asia, the total number of flights exceeded 1,000 flights per week. 1,200 1,000 800 600 400 Summer Schedule (Between late March and late October) 625 693 700 711 782 782 854 831 736 719 728 605 598 599 594 565 564 577 581 521 Global Financial 338 Crisis 1,029 919 716 696 767 882 Passenger 1,000 800 600 400 Winter Schedule (Between late October and late March) 779 765 770 726 711.5 728 680 676 868 810 598 681 726 552 543 565 578 611 624 589 577 Passenger 402 498 Global Financial Crisis 378 942.5 802 200 0 312 26 104 128 136 134 177 184 Cargo 152 120 142 147 138 135 147 94 99 04 05 06 07 08 09 10 11 12 13 14 15 Note: Actual figures for the peak month of each fiscal year. FY2015 summer is planned. 200 0 24 201 100 128 133 161 Cargo 140.5 154 151 146 122.5 129 142 94 99 04 05 06 07 08 09 10 11 12 13 14 11 12

3-2. Airport Operating Business (cont.) KIX international flight service plan (2015 Summer Schedule) With the 2015 summer schedule, a record high of 1,029 flights per week will be reached in the summer and winter schedule!! Europe 39.5/week (4%) Asia 864/week (84%) Including China 399.5/week North America 52.5/week (5%) Middle East 14/week Hawaii Guam Oceania 21/week 28/week 10/week Airlines Countries/Region Cities Flights/week Passenger Cargo Total 61 21 59 882 16 18 40 147 71 24 74 1,029 We are creating a network mainly with Asian countries with strong growing demand!! Note: Plan during the peak month (July). 12 13

3-3. Airport Operating Business (cont.) Powerful Network to Asian Countries Destinations in Asia KIX 50 cities (No.1 in Japan) NRT 40 cities NGO 21 cities Islamabad Lahore Mumbai From KIX, NRT and NGO From KIX and NRT From KIX and NGO From NRT only From KIX (Cities in blue font are only from KIX Zhengzhou, Yinchuan, Fuzhou, Yantai, Wuxi, Jinan, Lanzhou, Wenzhou, Guiyang, Quanzhou, Guilin, Daegu) Delhi Colombo Yangon Ulan Bator Changchun Shenyang Harbin Beijing Yinchuan Tianjin Dalian Seoul Lanzhou Jinan Yantai Daegu Xian Qingdao Zhengzhou Busan Jeju Wuhan Nanjing Shanghai Chengdu Wuxi Ningbo Hangzhou Chongqing Changsha Wenzhou Guiyan Fuzhou Shenzhen Guilin Quanzhou Kunming Guangzhou Nanning Taipei Macau Xiamen Kaohsiung Hanoi Hong Kong Bangkok Kuala Lumpur Singapore Jakarta Da Nang Ho Chi Minh Kota Kinabalu Denpasar Manila Cebu Note: Data of other airports was collected from JTB s time table (June 2015). KIX s data is the latest figures after the announcement of the 2015 summer schedule. 13

3-4. Airport Operating Business (cont.) Powerful Network to Asian Countries Destinations in China KIX 33 cities (No.1 in Japan) NRT 17 cities (HND: 3 cities (Shanghai, Beijing, Hong Kong)) NGO 12 cities Harbin Changchun Lanzhou Yinchuan Tianjin Jinan Beijing Shenyang Dalian Yantai Qingdao Chengdu Kunming Chongqing Guiyan Guilin Xian Wuhan Guangzhou Nanning Macau Zhengzhou Changsha Wuxi Hangzhou Shenzhen Hong Kong Note: Data of other airports was collected from JTB s time table (June 2015). KIX s data is the latest figures after the announcement of the 2015 summer schedule. Nanjing Shanghai Ningbo Wenzhou Fuzhou Quanzhou Xiamen From KIX, NRT and NGO From KIX and NRT From KIX and NGO From NRT only From KIX (Cities in blue font are only from KIX Zhengzhou, Yinchuan, Fuzhou, Yantai, Wuxi, Jinan, Lanzhou, Wenzhou, Guiyang, Quanzhou, Guilin, Daegu) 14

3-5. Airport Operating Business (cont.) KIX s International LCC, One of the Japan s Largest Network 250 200 150 100 Transition of number of LCC fights at KIX (As of the announcement of the summer schedule) Flights/Week) 50 0 LCC s ratio in the passenger flights 2.8% 2.0% 12 17 7.4% 7.1% 14.5% 42 43 17.1% 104 119 21.9% 170 26.8% 236 08S 09S 10S 11S 12S 13S 14S 15S (plan) 30% 25% 20% 15% 10% 5% 0% Seoul (Incheon and Gimpo) Tianjin8 12356 Lanzhou8 Qingdao8 Daegu5 Xian8 Chengdu8 Zhengzhou8 Busan 124 Wuhan8 Shanghai8 Chongqing8 Quanzhou8 Taipei110 Hong Kong Kaohsiung1 1711 Bangkok (Don Mueang)14 Kuala Lumpur13 Singapore10 Manila1012 Additional flights after the announcement of the summer schedule 15 airlines 21 cities 258 flights/week! 7HongKong Express (Hong Kong) 14 21 flights (Jun. 5~) 5t way Air ( 大邱 ) 5 7 flights (Jul. ~) 15Scoot (Singapore) 0 6 flights (Jul. 8~) 6Jin Air (Seoul) 7 14 flights (Jul. 1~) Cairns9 Note: at the peak time (July) 1Peach Aviation Routes:5 Flights:63 2Jeju Air Routes:3 Flights:28 3Eastar Jet Routes:1 Flights:7 4Air Busan Routes:1 Flights:18 5t way Air Routes:2 Flights:12 6Jin Air Routes:1 Flights:7 7HongKong Express Routes:1 Flights:14 8Spring Airlines Routes:10 Flights:42 9Jetstar Routes:1 Flights:7 10Jetstar Asia Routes:2 Flights:16 11Jetstar Japan Routes:1 Flights:5 12Cebu Pacific Air Routes:1 Flights:5 13Air AsiaX Routes:1 Flights:5 14Thai Air AsiaX Routes:1 Flights:7 15

3-6. Airport Operating Business (cont.) KIX s LCC/FSC international flights growing together Not only the LCCs but also attracting FSCs, and continual growth of both LCCs and FSCs is being realized! Summer Schedule of KIX International flights (per week) 716 696 775 882 27% Winter Schedule of KIX International flights (per week) 681 726 802 24% 73% 76% (Plan) 16

3-7. Airport Operating Business (cont.) Main expansion of international flights in the 2015 summer schedule Significant expansion of direct flights to North America Previously, there were many requests to increase flights to North America, and due to the continuation of persistent sales discussions, JAL revived the Los Angeles route for the first time in 8 and half years, and Air Canada revived the Vancouver route for the first time in 6 and half years. Including the San Francisco route which has been continuously operated by United Airlines since the opening of KIX, direct flights from KIX to major cities in North America are now lined up!! Base use by Spring Airlines, China s first LCC As China s first LCC, Spring Airlines started operation at KIX from March, 2014, and, they also decided to use KIX as their first overseas base airport! Therefore, Spring Airlines currently operates 28 flights to 6 cities, and by 2020, they are planning to increase their flights to more than 100 flights per week to 20 cities, and KIX s flight network with China, which the number of cities linked to China is the highest in Japan, will be much more strong! 17

3-8. Airport Operating Business (cont.) Enhanced domestic flight network at both KIX and ITM (2015 summer) Airlines Cities Flights 9 airlines (KIX 6 airlines/ ITM 5 airlines) 30 cities(kix 16 cities/ ITM 26 cities) 260 flights/day (KIX 75 flights (passenger 74, Cargo 1)/ ITM 185 flights) KIX ITM Airline JAL Japan Airilnes JTA Japan Transocean Air ANA All Nippon Airways SFJ Star Flyer APJ Peach JJP Jetstar Japan JAC Japan Air Commuter IBX IBEX Airlines AHX AMAKUSA Airlines Note: Plan during the peak month (June), excluding extra flights. 18 19

3-9. Airport Operating Business (cont.) Construction of Terminal 3 for additional LCC flights In December 2013, NKIAC announced the development of Terminal 3 to meet the rapidly growing needs of LCC business. The construction is under progress in order to start operation from the second half of 2016. B runway (4,000m) Conceptional drawing Terminal 2 With the completion of Terminal 3, the LCC terminal annual capacity will grow to 8 million passengers from 4 million! A runway (3,500m) Terminal 1 Current status of the apron construction Terminal 3 will be constructed next to Terminal 2. Current T2 19

3-10. Airport Operating Business (cont.) New efforts of cargo transportation to utilize KIX s features Considering the growing needs of Japanese food in Asian countries, KIX is actively undertaking efforts to expand food exports utilizing KIX s features. 24h aircraft operation is available Cargo dedicated facilities are near the runway KIX can realize high quality air transportation (Speedy but bruise-less transport) Due to growth of Asian economy, the wealthy class in the Asia is increasing Emergence of the need for Japanese foods which are evaluated as safe and delicious Improve the system to expand food export business in Kansai Area March, 2012: Establishment of ALL Kansai Food Export Promotion Committee (by Kansai Economic Federation, Osaka Chamber of Commerce and Industry, the Association to Promote the Kansai International Airport Overall Plan, and NKIAC) August, 2013: Establishment of Kansai Food Export Promotion Cooperative Union (by private companies) April, 2014: Establishment of Kansai Food Export & Branding Council (by private companies and NKIAC ) Active development of the effort to expand export in Japan/overseas! Export Made in Kansai foods (beef, fruits, etc.) through collaboration with local governments Holding food events overseas (Kuala Lumpur, Bangkok, etc.) Holding business meetings for foreign buyers at hotels in downtown Osaka Holding meetings for Japanese operator to study the knowhow to expand its marketing channel in foreign countries. 20

3-11. Airport and Retail Operating Business Extensive renovation of KIX Terminal 1 Building Renovation work of KIX Terminal 1 which started from March 2014 was completed at the end of March 2015. Retail facilities and convenience facilities are powered up!! Main contents of the retail facilities 4 th floor was partly changed to a departure area (able to access after the passport control on the 3 rd floor), and large stores such as UNICLO were newly opened! Main contents of the convenience facilities Convenience facilities such as exchange counter and cell-phone rental counter were relocated to the center of the international departure area on the 4 th floor! To meet the high needs of the inbound passengers, we newly opened a large duty free shop!! To meet the growing number of group tour passengers, we newly opened a group tour counter for international flights in the north and south areas of the 4 th floor! Also renovation of toilets and information signs were implemented. 21

3-12. Airport and Retail Operating Business (cont.) Extensive renovation of the ITM terminal building A terminal that will be ready for use by both Japanese and foreign visitors in a speedy way with comfort and convenience in time for the 2020 Tokyo Olympic and Paralympic Games through an extensive renovation for the first time since the terminal s opening in 1969 is under consideration. Construction of pedestrian deck. Direct access to the security check on the 2nd floor from the Monorail! Arrival exits will be integrated on the 2nd floor of the central terminal area, and the lobby will be refurbished as an open atrium. New ITM The south area of the arrival gate is planned to be developed as a restaurant area called Umaimon Gate (tentative) where customers can easily enjoy fresh Kansai area specialties. Expansion of rooftop observation deck will be implemented to provide a closer view of airplanes. Also, the use of rainwater, conversion to LED lighting, etc., will make the airport more friendly to the environment. 22

3-13. Environmentally Advanced Airport Promotion of the hydrogen energy related business Part of the Smart Island Initiative project which is aimed at KIX becoming an Environmentally Advanced Airport, NKIAC is expanding the hydrogen grid project to utilize hydrogen energy. It is the second year of this project, and we will actively promote the business by cooperating with our affiliates and others!! Demonstration operations of the fuel-cell powered forklift By introducing the fuel cell forklifts in the airport cargo warehouses, reduction in CO2 emissions, improvement in working environments, considerable improvement of the work efficiency related to the rapid filling, etc., will be realized. Introduction of hydrogen filling station First airport in Asia! Introduction of hydrogen fuel cell vehicle A large scale hydrogen filling station will be introduced at the phase 2 island to charge hydrogen to fuel cell vehicle, limousine buses, etc. First airport in Japan! A fuel cell vehicle Mirai will be introduced. First airport in Japan! 23

4. Demand Forecast of FY2015 Based on the 2015 summer schedule of international flights which is forecasted to achieve a record high, each figure of KIX is expected to exceed the previous year. At ITM, although the number of aircraft movements is near the upper limit, it is expected to exceed the previous year due to the improvement of the load factor, etc. As the operation by the Operating Right Holder will start during FY2015, the FY2015 forecast will not be disclosed. FY2014 Actual FY2015 forecast Change Aircraft movements ('000) KIX 145 155 10 7% ITM 139 139 0 0% Passengers ('000 000) 284 294 10 3% 34.66 36.52 1.86 5% KIX 20.04 21.68 1.64 8% ITM 14.62 14.83 0.21 1% Note: Note in red with under line are the new record since the opening of the airport. 24

5. Environmental Recognition in the Future The inbound market which is expanding mainly in the Asian countries based on the economic growth, etc., will keep on growing due to the holding of the Tokyo Olympics and activation of the measures which will be implemented by the government and local governments related to the tourism-oriented country and regional revitalization. Additionally, to strength Japan s international competitiveness in the future, it is necessary to aggressively develop the market which Japan has a high international competitiveness (medical, chemical, civil engineering technology, etc.) to overseas countries, and the importance and needs of our business to the society will increase. Main measures utilizing NKIAC s business at the Kansai area Aggressive attraction of inbound visitors by collaborating with the government and private companies Establishment of Regional Tourism Research Association in the Kansai Economic Federation (November 2013, Chair: NKIAC s Chairman) Collaboration with the economic community and the local governments in Kansai, a specific strategy (Kansai Wide Sightseeing Strategy) and numerical targets (8 million passengers by 2020, etc.) was raised, and the measurements for attraction, such as of the sightseeing route, development of each infrastructure (Wi-Fi, railway pass), etc., will be promoted!! Development of the medical and research business by utilizing a special zone By utilizing the special zone system, develop the medical and research businesses, which Kansai area has advantages, to both home and abroad!! => Medical products export and import procedures digitization, purification and supply business of ips cell-derived blood platelet, etc. 25

And Transform Airports. Japan Transforms. New Kansai International Airport Company continues to pursue the challenge of complete privatization 26 27

2. Detail of Financial Results for FY2014 and Funding for FY2015 27

1. Operating Results (Consolidated P/L) and Change from the Previous Fiscal Year (Unit: Billion JPY) FY2012 FY2013 FY2014 FY2012 FY2013 FY2014 Change Change Change Change Operating revenues 101.8 126.8 25.1 153.8 27.0 Operating costs 75.0 94.2 19.2 109.6 15.3 Airport operations 69.4 75.5 6.2 79.0 3.5 Cost of sales 10.3 18.0 7.7 26.7 8.7 KIX 60.8 62.9 2.0 66.6 3.8 Facilities and service operation costs 41.0 51.4 10.4 57.7 6.4 ITM 8.5 12.7 4.1 12.4-0.3 Depreciation and amortization 23.7 24.8 1.2 25.1 0.3 Retail operations 28.6 34.4 5.8 44.6 10.2 Operating income 26.8 32.6 5.8 44.3 11.6 KIX 27.6 33.1 5.5 43.2 10.1 Non-operating income 7.2 4.4-2.9 2.3-2.1 ITM 1.0 1.3 0.3 1.4 0.1 Government grant-in-aid received 6.9 4.0-2.9 2.0-2.0 Railway operations 3.8 4.0 0.2 4.1 0.1 Non-operating expenses 16.0 15.1-0.9 13.3-1.8 OAT-G - 16.5 16.5 37.6 21.1 Interest expenses 15.7 14.7-1.0 13.0-1.8 Ordinary income 18.0 21.9 3.8 33.3 11.4 Notes: Total amount of operating income and each income total do not match because these figures are before elimination of intra-company transactions. In FY2012, KIX also includes 3 months (April-June 2012) of consolidated figures from former-kiac In FY2012, ITM figures are for the 9 month period of July 2012 - March 2013 In FY2013, OAT Group figures are for the 6 month period of October 2013 - March 2014 28

2. Transition of Operating Revenue by Business (Unit: billion yen) ITM ITM (FY) Note: OAT-G is excluded. 29

3. Transition of Operating Income (Unit: billion yen) July 2012 Management integration October 2013 Consolidation of OAT (FY) Note: Total amount of operating revenue and each revenue total do not match because these figures are before elimination of intra-company transactions. 30

4. Analysis of Change of Operating Income (Unit: billion yen) Income in FY2012 26.8 KIX Increase of operating income +3.7 KIX Increase of operating revenue +7.7 KIX Increase of operating cost -4.0 ITM Increase of operating income +1.0 ITM Increase of operating revenue +4.5 ITM Increase of operating cost -3.4 OAT Increase of operating income +1.1 Income in FY2013 32.6 KIX Increase of operating income +7.6 KIX Increase of operating revenue +14.0 KIX Increase of operating cost -6.4 ITM Increase of operating income +0.4 OAT Increase of operating income +3.5 Income in FY2014 44.3 +5.8 +11.6 31

5. Overview of Consolidated P/L (Unit: Billion yen) FY2013 FY2014 Change Change % Operating revenue 126.8 153.8 27.0 0.2 Operating costs 94.2 109.6 15.3 0.2 Operating income 32.6 44.3 11.6 0.4 Ordinary income 21.9 33.3 11.4 0.5 Extraordinary income 11.0 0.1-10.9-1.0 Extraordinary loss 0.5 1.1 0.6 1.2 Net income (loss) 23.9 19.6-4.3-0.2 32

6. Overview of Financial Condition (Consolidated B/S) (Unit: Billion yen) 2014/3/31 2013/3/31 Change Current Assets 38.0 43.1 5.1 Noncurrent Assets 1,947.2 1,930.9-16.3 Total Assets 1,985.2 1,974.0-11.3 Current Liabilities 160.8 145.8-15.0 Noncurrent Liabilities 1,043.5 1,022.4-21.0 Total Liabilities 1,204.3 1,168.3-36.0 Shareholders' Equity 574.3 594.4 20.0 Minority Interests 206.7 211.3 4.7 Total Net Assets 781.0 805.7 24.7 Total Liabilities and Net Assets 1,985.2 1,974.0-11.3 33

7-1. Transition of Outstanding Debt Obligation (Consolidated) (Unit: billion yen) Peak of the total debt was JPY 1.4525 trillion at the end of FY2004 (-42.9) Note: Rounded to nearest 100 million yen. Due to the rounding process, some totals do not match. 34

7-2. Transition of Outstanding Interest-bearing Debt (Consolidated) (Unit: billion yen) Peak of the interest-bearing debt was JPY 1.2494 trillion at the end of FY2003 (-35.6) Note: Rounded to nearest 100 million yen. Due to the rounding process, some totals do not match. 35

8. Schedule of Existing Debt Repayment in the Next Decade (Consolidated) (Unit: billion yen) Note: Rounded to nearest 100 million yen. Due to the rounding process, some totals do not match. 36

9. Schedule of Funding in FY2015 FY2015 (Based on the business plan) Amount (billion yen) Government guaranteed bond (Ten years) 20 FILP Agency Bonds and others 80 Total 100 37

Disclaimer This briefing is intended to provide investors with information about the Company s financial results for fiscal year 2014, and it is not intended to be an offer or sale of securities. The presentation materials for this briefing contain forward-looking statements and numerical figures that include uncertainties, and this is not a guarantee of future performance. New Kansai International Airport Co., Ltd. 1-Banchi, Senshu-Kuko Kita, Izumisano-shi Osaka 549-8501, Japan http://www.nkiac.co.jp/en/