Overview of Mitsubishi Electric's Transportation Business & Power Device Technology January, 2017 Mitsubishi Electric Corporation

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Overview of Mitsubishi Electric's Transportation Business & Power Device Technology January, 2017 Mitsubishi Electric Corporation COMPANY PROPRIETARY NOT TO BE REPRODUCED OR DISCLOSED WITHOUT SPECIFIC WRITTEN PERMISSION OF MITSUBISHI ELECTRIC CORPORATION (THIS IS A RED INK STAMP) 1

Contents 1. Corporate Overview 2. Railway Business Overview 3. Activities in Global Market 4. Activities in India 5. Power Device Technology 2

Mitsubishi Electric Corporation Head Office: President & CEO: Established: Consolidated Net Sales: Employees: Corporate Data Tokyo, Japan Masaki Sakuyama January 15, 1921 USD 38,888 million li) 135,160 (As of March 31, 2016. US dollar amounts are converted from yen at the rate of 113=US $1) Major Product Transportation Building Factory Automation Information & Communication Visual information Air Conditioning Space Energy 3

MITSUBISHI ELECTRIC is the only manufacturer in the world who can provide train control equipment, traction motor and brake unit in one package. Control Business Overview Rolling stock systems Domestic/Overseas Service equipment Network between systems TCMS HVAC Train Vision Security Traction System/Power supply Digital radio communication systems Automatic Train Operation Brake control equipment VVVF Inverter Traction motor APS Ground-based systems Domestic Transportation system substation Traffic control system Station & platform equipment TCMS:Train Control and Monitoring System HVAC: Heat, Ventilation and Air Conditioning APS: Auxiliary Power Supply 4

Mitsubishi Electric Global Supply Record (Traction System and Air Conditioner, As of Sep. 2016) Mitsubishi Electric is one of leading companies in railway traction system. We started manufacturing in 1922 and supplied for iconic projects such as Shinkansen (High Speed Rail). Also, we have 50% share in traction system in Japan. In overseas market, supplied for 32 countries, about 44,000 cars since 1960 s <Supply record in overseas market> Europe, Africa Middle East 8,100Cars India 2,300 Cars China 14,000Cars Asia 6,600Cars Oceania 2,700Cars North America 7,000Cars Mexico 2,700 Cars South America 2,200Cars 5

Global Production Network Mitsubishi Electric has promoted manufacturing in various countries for decades and contributed economy, employment in each country. Poland:MEDCOM China: USA: [2015~] Zhuzhou Shiling MEPPI [2005~] [2004~] Italy: MEKT [2014~] Japan: Mother Factories Itami Works Kobe Works Nagasaki Works India: MEI [2015~] Australia: ME-Aust [1985~] Mexico: MELMEX [1979~] 6

Business activities in India Mitsubishi Electric has received orders of electric equipment for metro in 8 cities and occupies 65% share in traction system. We promote sales and production collaborating with local subsidiary. Delhi Metro:1,412cars Jaipur Metro:40cars Mumbai Metro:64cars Navi-Mumbai:24cars Bengaluru Metro:150cars Mitsubishi Electric India (Head Office) Noida Metro:76cars Kolkata Metro:84cars Hyderabad Metro:171cars Mitsubishi Electric India (Railway Factory) Chennai Metro:168cars (Main Transformer) 7

Location Area 4,605m 2 Activities Railway Factory in India Mitsubishi Electric started assembling traction motor, traction inverter and auxiliary power supply in India in Dec. 2015. Also, after service will be reinforced utilizing this factory. Overview of the factory Bengaluru, Karnataka state Assembly, test, repair and after service of traction motor, traction inverter and auxiliary power supply Schedule Operation start: Dec.2015 8

Key Device for Inverters Power semiconductor MELCO is continuously developing advanced power technologies for global rail industry. MELCO optimize systems using in-house power devices designed by our semiconductor and systems engineers. Power Semiconductor Technology Requirement for Semiconductors Optimum Devices for required application Propulsion System System Engineering Engineering MELCO 6

Railcar Traction Inverter with ALL-SiC Power Module System Configuration (1500V DC) 2 level PWM inverter with 3.3kV,1500A All-SiC power module 180kW induction motor drive in 4 parallely-connected <Power unit> <Exterior of All-SiC propulsion inverter box> Regenerative energy is increased by improvement of inverter control with SiC modules. World s first * 1 ALL-SiC Power Module applied Energy Consumption 40% reduction Total energy consumption of railcar systems, including traction motors, is reduced by 30% * 2 Size and Weight 65% reduction Size and weight are reduced by about 65% * 2 *1 As of Dec 2013 *2 Comparison of conventional traction inverter with IGBT power Modules 10

Thank you for your kind attention!! 11