2Q Results Presentation
(WorldNews Indonesia)

Results of Operations for the Second Quarter of 2020 Six Months Ended June 30, 2020 ） August 2020 Kenedix, Inc . Table of Contents 2020 2Q Results Highlights P. 2 Appendix P. 13 1 Impact of the COVID-19 Pandemic on 2020 Performance The asset management business is performing generally as planned There are currently signs of a recovery in real estate market liquidity Aiming for the initial 2020 forecasts due to a strong second half performance Effects of COVID-19 Asset management business Asset management fees Spot fees Negligible effectbecause almost all fees are based on AUM (acquisition price basis) The demand for real estate investments is very strong, but there are delayswith the...