Mitsui Fudosan Co., Ltd. · TSE:8801

Mitsui Fudosan — FY2008 Earnings Presentation

27 slides from Mitsui Fudosan's earnings presentation, May 12, 2009

Slide 1: Earnings Announcement Presentation for the Year Ended March 31, 2009
Earnings Announcement Presentation For the Year Ended March 31, 2009 MITSUI FUDOSAN CO., LTD. M 12, May 12 2009 www.mitsuifudosan.co.jp/english/
Slide 2: Contents
Contents 1 Economic Outlook _______________________________________ 2 Real Estate Market Outlook ________________________________ 3 Operating Results and Forecast ____________________________ 4 Key Measures Going Forward ______________________________ 5 I. Holding Business (Office Buildings) _______
Slide 3: Economic Outlook
Economic Outlook 2 The Japanese economy will bottom out in fiscal 2009–2010, then gradually recover Changes in economic conditions will be met on all fronts with a sense of speed © Mitsui Fudosan Co., Ltd.
Slide 4: Real Estate Market Outlook
Real Estate Market Outlook 3 The building leasing business will remain stable in response to substantial economic changes The housing sales market will recover in the second half of fi fiscal l 2009 as a resultlt off pervasive i price i adjustments dj t t andd mortgage tax breaks The real estate inv
Slide 5: Operating Results and Forecast
Operating Results and Forecast 4 (Billions of yen) (Billions of yen) Operating income Holdingg Tradingg Management g Net income 179.2 120 200 171.5 180 161.8 100 52.3 160 137.5 87 4 44.3 87.4 44 3 83.5 150.0 47.5 140 115.7 75.2 80 103.2 109.2 40.9 67.0 120 48 5 48.5 22.1 28.7 33.1 56.5 57.7 100 48.8
Slide 6: Key Measures Going Forward
Key Measures Going Forward 5 Strengthen the profit base of the Holding Business Aim for an early recovery of the Trading Business on forecast changes in the market Attempt p earlyy recovery y of the real estate investment market through J-REIT rejuvenation Reengineer core brokerage operations in the
Slide 7: I. Holding Business (Office Buildings)
I. Holding Business (Office Buildings) 6 High-quality assets and proactive portfolio management Building sales ratio by area FY20081 Ratio of properties by years since construction3 Regional Other areas of 10% March 31, 2003 March 31, 2009 metropolitan Tokyo Within five 5% Within five years years 17
Slide 8: I. Holding Business (Office Buildings)
I. Holding Business (Office Buildings) 7 Consistently maintaining a dominant position in the market Office vacancy rate trends (%) 8.57% (6/03) 5.8% 5 8% 6.05% (9/03) (3/09) 2.89% (3/08) 2.65% (12/07) 0.9% 2.5% (6/06) (3/09) 1.3% (3/08) Market (Large-scale buildings in Mitsui Fudosan (Tokyo metropol
Slide 9: I. Holding Business (Office Buildings)
I. Holding Business (Office Buildings) 8 Concentrated, continuous investment in carefully selected projects Muromachi East Major new projects underway since FY2007 Takebashi （仮称）室町東地区計画 District Projects Project Ⅰ期2010年度、Ⅱ期2013年度予定 Phase I: FY2010 Net rentable area Year built (*Indicates properties
Slide 10: I. Holding Business (Office Buildings)
I. Holding Business (Office Buildings) 9 Nihonbashi revitalization concept: creating while restoring and bequeathing Area Floor Space Schedule 2-4 Start: Mar. 2009 Block 2-5 Approx. 41,000m2 Completion: Sep. 2010 Block 2-2 2 2 22 fl floors, 4 sublevels bl l St t off retail Start t il facility f ilit
Slide 11: I. Holding Business (Retail Facilities)
I. Holding Business (Retail Facilities) 10 Diverse assortment of facilities and operational expertise Sales ratio by retail facility FY2008* Others Urban facility 15% 10% (Regional mall) 5% 45% (Lifestyle center) 25% * Includes partial sublease properties Mitsui Shopping Park LaLaport Mitsui Outlet
Slide 12: I. Holding Business (Retail Facilities)
I. Holding Business (Retail Facilities) 11 Concentrated, continuous investment in competitive facilities Mitsui managed retail facilities (Tokyo metropolitan area) Major new projects to come on stream since FY2007 Year Project Net rentable Location built (*Indicates properties under master-lease and
Slide 13: II. Trading Business (Housing Sales)
II. Trading Business (Housing Sales) 12 Using our comprehensive Group strength to provide a full line of high-value-added products and services p Brand line-up Prime quality High quality urban High-quality Small to mid-sized Small- mid sized condos condominiums condominiums with higher turnover Park
Slide 14: II. Trading Business (Housing Sales)
II. Trading Business (Housing Sales) 13 Developing products with competitive strength centered in the Tokyo metro area Sales breakdown by product FY2008 (Condominiums) Major properties (Condominiums) Fiscal Property name Location Total units (share) Park Mansion year Park Homes Park Court Toranomon
Slide 15: II. Trading Business (Housing Sales)
II. Trading Business (Housing Sales) 14 Housing sales supported by government policy FY2009 tax system revisions (housing tax) Home loan tax cuts Renovation loan tax cuts Investment tax credit on long long- Investment tax credit on term conforming housing earthquake retrofitting Investment tax credi
Slide 16: II. Trading Business (Sales to Investors)
II. Trading Business (Sales to Investors) 15 Downturn in the real estate investor market Listed company real estate sales J-REIT property acquisition cost (Trillions of yen) (Trillions of yen) （Residential leasing Total 1st half Offices Source: Urban Research Institute Corp. Source: Investment compa
Slide 17: II. Trading Business (Sales to Investors)
II. Trading Business (Sales to Investors) 16 Win back investor trust and hope, stimulate recovery of the real estate investment market through rejuvenation of the J-REIT market Real estate market Real estate investment market Financial markets Debt Operating Rejuvenation of J-REIT market Loan proper
Slide 18: II. Trading Business (Sales to Investors)
II. Trading Business (Sales to Investors) 17 High-quality assets and increasing performance ratios Breakdown of housing sales/sales to investor inventory assets* At the end of FY2008 (approx.) Sales to investor inventory y asset Sales to investors non-operating ratio Housing sales (non-operating) 30
Slide 19: III. Management Business (AUM)
III. Management Business (AUM) 18 Stable management fees and increased AUM Scale of Group AUM and fees ((Trillions of yyen)) ((Billions of yyen)) © Mitsui Fudosan Co., Ltd.
Slide 20: III. Management Business (Property Management)
III. Management Business (Property Management) 19 Stable growth in the property management business Group property management business results ((Billions of yyen)) ((Billions of yyen)) (Fiscal year) © Mitsui Fudosan Co., Ltd.
Slide 21: III. Management Business (Brokerage)
III. Management Business (Brokerage) 20 Temporarily reduce corporate brokerage business due to financial market turmoil Reengineer brokerage business (Mitsui Rehouse Affiliates) © Mitsui Fudosan Co., Ltd.
Slide 22: Financial Strategy
Financial Strategy 21 Maintain sound financial strength 2.50 2.22 2.00 2.00 1 86 1.86 1.77 1.60 1.40 1.33 1.50 D/E (times) 1 00 1.00 2002 2003 2004 2005 2006 2007 2008 2009 (Billions of yen) 2,000 Interest-bearing debt 1,733.5 1,790.0 1 800 1,800 1 550 4 1,550.4 1,600 1,397.2 1,321.5 1,279.0 1,258.4
Slide 23: Moving to the Second Half of the New Challenge Plan 2016
Moving to the Second Half of the New Challenge Plan 2016 22 Combine C bi the h flflexibility ibili off our three h core businesses to respond to market changes Create opportunities to advance the Challenge Plan over the next few years Embrace E b th the external t l environment i t positively, iti l
Slide 25: Appendix-1 SPC Investment and Off-Balance-Sheet Debt
Appendix-1 SPC Investment and Off-Balance-Sheet Debt (Year ended March 31, 2009) Total exposure: ¥552 ¥552.0 0 billion (Billions of yen) Assets 552.0 Debt 421.0 Assets to be Off-balance-sheet 128 0 128.0 421 0 421.0 valued up debt Assets for Trading Business ¥300 billion Assets to be 172.0 p develop
Slide 26: Appendix-2 Breakdown of Operating Income by Segment
Appendix-2 Breakdown of Operating Income by Segment A Accounting ti Segments S t CP2016 Segments S t (Billions of yen) FY2008 FY2008 Holding Leasing 0,99.5 Holding 0,91.2 (Office / Retail) (Offi R t il) Master-leased Master-leased Holding Business Office/Retail properties before 2001 Leasing of Offi
Slide 27: Disclaimer
Disclaimer This presentation contains forward looking statements regarding our operating performance. The statements are based on information available at announcement and our judgment as of such date, and may contain potential risks and uncertainties. Please note that actual results may differ from

Mitsui Fudosan — FY2008 Earnings Presentation on 6ix

Mitsui Fudosan — FY2008 Earnings Presentation

Slide 1: Earnings Announcement Presentation for the Year Ended March 31, 2009

Slide 2: Contents

Slide 3: Economic Outlook

Slide 4: Real Estate Market Outlook

Slide 5: Operating Results and Forecast

Slide 6: Key Measures Going Forward

Slide 7: I. Holding Business (Office Buildings)

Slide 8: I. Holding Business (Office Buildings)

Slide 9: I. Holding Business (Office Buildings)

Slide 10: I. Holding Business (Office Buildings)

Slide 11: I. Holding Business (Retail Facilities)

Slide 12: I. Holding Business (Retail Facilities)

Slide 13: II. Trading Business (Housing Sales)

Slide 14: II. Trading Business (Housing Sales)

Slide 15: II. Trading Business (Housing Sales)

Slide 16: II. Trading Business (Sales to Investors)

Slide 17: II. Trading Business (Sales to Investors)

Slide 18: II. Trading Business (Sales to Investors)

Slide 19: III. Management Business (AUM)

Slide 20: III. Management Business (Property Management)

Slide 21: III. Management Business (Brokerage)

Slide 22: Financial Strategy

Slide 23: Moving to the Second Half of the New Challenge Plan 2016

Slide 24: Appendix

Slide 25: Appendix-1 SPC Investment and Off-Balance-Sheet Debt

Slide 26: Appendix-2 Breakdown of Operating Income by Segment

Slide 27: Disclaimer