2H 2022 (43rd Period) Investor Presentation

from the beginning

Nippon Building Fund Inc. 2H 2022(43rd Period) Investor Presentation

• CONTENTS

1.Financial Highlights

• 1-1 Financial Highlights (1/3)

• 1-1 Financial Highlights (2/3)

• 1-1 Financial Highlights (3/3)

2.Financial Results

• 2-1 2H/2022 (43rd Period) Income Statement (P/L)

• 2-2 2H/2022 (43rd Period) Balance Sheet (B/S)

@ (memo)

3.Investment Results and Outlook

• 3-1 Investment Policy

• 3-2 External growth (properties acquired) (1/2)

• 3-2 External growth (properties acquired) (2/2)

• 3-2 External growth (Replacement of properties)

• 3-3 Internal Growth (1/2)

• 3-3 Internal Growth (2/2)

• 3-4 Finance (1/2)

• 3-4 Finance (2/2)

• 3-5 Continuing Appraisal

4.Forecast

• 4-1 1H/2023 (44th Period), 2H/2023 (45th Period) Forecasts

• (Reference) Business Outlook

• 4-2 Distribution Policy: Use of retained earnings and gains from transfers

5.About the Market

• 5-1 Office Building Leasing Market Trends (1/2)

• 5-1 Office Building Leasing Market Trends (2/2)

• 5-2 Real Estate Market Trends

• 5-3 NBF unit price, TSE REIT index, 10-year JGB interest rate

@ (memo)

6.Superiority of NBF

• 6-1 Longest track record for J-REIT (1/2)

• 6-1 Longest track record for J-REIT (2/2)

• 6-2 Largest J-REIT

• 6-3 Tokyo-based portfolio

• 6-4 Use of Sponsor (Mitsui Fudosan Group) (1/4) Pipeline

• 6-4 Use of Sponsor (Mitsui Fudosan Group) (2/4) Portfolio

• 6-4 Use of Sponsor (Mitsui Fudosan Group) (3/4) Leasing

• 6-4 Use of Sponsor (Mitsui Fudosan Group) (4/4) Property Management

• 6-5 Conservative financial management

7.ESG Initiatives

• 7-1 ESG Policy

• 7-2 Key KPI

• 7-3 Environment

• 7-4 Initiatives for tenants and employees of the asset management company (Social)

• 7-5 Governance Initiatives

• 7-6 Scenario analysis

• 7-7 ESG data

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8.Appendix

• 8-1 Top 10 Major Tenants (based on leased area) / Tenant Industry

• 8-2 List of Occupied and Vacated Square Feet by Building* (July 1, 2022 - December 31, 2022)

• 8-3 Building Age Status

• 8-4 Changes in Financial Management

• 8-5 List of Borrowing Sources

• 8-6 Unitholders

• 8-7 Changes in Key Management Indicators, etc.

• 8-8 List of properties (1/2) (23 Wards of Tokyo)

• 8-8 List of properties (2/2) (Tokyo and surrounding urban areas and regional cities)

• 8-9 Property Price List (1/3) (23 Wards of Tokyo)

• 8-9 Property Price List (2/3) (23 Wards of Tokyo)

• 8-9 List of property prices (3/3) (Tokyo and surrounding urban areas and regional cities)

• 8-10 Income status of individual properties (1/3) (23 Wards of Tokyo)

• 8-10 Income status of individual properties (2/3) (23 Wards of Tokyo, Tokyo and surrounding urban areas)

• 8-10 Income status of individual properties (3/3) (Local urban area)

• 8-11 Portfolio Map

• 8-12 List of properties (1/4) (23 Wards of Tokyo)

• 8-12 List of properties (2/4) (23 Wards of Tokyo)

• 8-12 List of properties (3/4) (23 Wards of Tokyo, Tokyo and surrounding urban areas)

• 8-12 List of properties (4/4) (Local urban area)

• Disclaimer