Medium-Term Strategy ofDX Solutions BusinessMay 30 & June 9, 2022

Seiji Shiga, Senior Vice President
NEC Networks & System Integration Corporation(TSE: 1973, NESIC)© NEC Networks & System Integration Corporation 2022

Self Introduction

Seiji Shiga
Senior Vice President and Executive General Manager, DX
Solutions Business Unit

Career summary⚫ Joins the Company in 1986
⚫ Has undertaken a wide range of duties over many years, including
system engineering for corporate network systems (voice, data andsecurity), marketing/sales promotion of servers and supercomputers,etc.

⚫ Assumed his current position in 20201© NEC Networks & System Integration Corporation 2022

Overview of DX Solutions (DXS) Business
Serving as a strategic partner that assists customers withmanagement strategies in the ICT area

Relationship with the SDGs

Offering services, systems integration and construction, operation and maintenanceof DX and ICT systems
Business strengths and characteristics

Self-implementation expertise and DX service provision
Communication

Security

Multi-cloud

2

BPO
Manufacturin
gRetails

Central and local Educational andgovernments medical institutions© NEC Networks & System Integration Corporation 2022

HotelsNEC Group

Financial services

GlobalContact centers

Data centers

Recent topics⚫ AI-assisted communication
services launched under theCanario brand (Feb. 2022)⚫ Original services based onZoom Phone (cloud phone system)
released (Dec. 2021)

Business Strategies in DX Solutions Business
Evolve into the number one DX service provider partnering customers
Operating business with the use of DX services and platform (Symphonict)

Until 20182019 to 2021

2022 and later

Carry out EO*-based work-styleinnovation centering on systems
integration

Utilize DX to accelerate work-styleinnovation

Help customers expand their business withthe use of data

Business intendedmainly for enterprises

Expand to enterprises and localgovernments

Offered to enterprises, local governments andpublic-interest companies(e.g. electric power, rail transport, education, medical care)

Use of multicloud
Network systems
integration businessWork-Style
Innovation

Increase use of ICT

Process innovation

Use of cloud

Solve customers'
problems with the useof data

Create DX services and platform

Data center
business

Security business

Maintenance andoperation business* EO stands for EmpoweredOffice.

3© NEC Networks & System Integration Corporation 2022

Data centers

Remote work
Enhance zerotrust security

BPO of non-coreoperations(Partnering)

Datautilization
Recurring(Digital twins)

BPO ofmaintenanceand operation

Expandmarkets
servedData collection andvisualization

AI and BI analysis

Basic Policies
Accelerate customers' process innovationby leveraging DX and data utilization cultivated with work-style innovation

Support customers in business model innovation and sustainability management matched with market changes

Visualize and analyze working-level issues
with DX and data use and offer solutions on Symphonict
Turn this cycle (Recurring) to run business accompanying (Advanced ICT operation) customers
Data utilization and recurring(1) Partner-type smart recurring business(2) Advanced ICT operation business

4© NEC Networks & System Integration Corporation 2022

Expand markets served
Sales target
for FY March2025¥30Bn.

(3) DX-based industry business(4) DX-based public business

Sales target
for FY March2025¥10Bn.

Key Strategies: (1) Partner-type smart recurring business (2) Advanced ICT operation business
Make active use of data in advanced ICT operation andpropose improvements in partner-type smart recurring

Offer DX services for businesses of customers ranging from enterprises to local governments and public-interest companies
Utilize self-implementation expertise ofwork-style innovation and DX to propose
solutions

Finance

Analyze collected data, visualize issues andstudy solutions to them

Analysis andexamination(1) Partner-type smart recurringbusiness

Distribution
services

Manufacturing

Public-interest
companies

Local
governments

Services
specific tobusiness types
Consulting in
partnering andco-creation

Differentiation
services

Platform

Perform recurring of proposals, realization,
advanced ICT operation and analysis withdata utilization and partnering for customers
5

Repeat this process to expand business

Proposals© NEC Networks & System Integration Corporation 2022

(3) DX-based industry business(4) DX-based publicbusiness

Provide safe, high quality systems
integration and construction based on
knowledge in ICT systems integration and in
DX realization

Realization(Data utilization)

Operate and maintain systems realized in
combination of DX with BPO and customers'
non-core systems(Intended for data collection and utilization)

Maintenanceand operations

A 24/7 support system providing safety andsecurity based on the nationwide
maintenance network(2) Advanced ICT operationbusinessKey Strategies: (3) DX-based industry business (smart industry)Spread work-style innovation and process innovation to shop floors in the industry sector
Utilize DX services cultivated in work-style innovation to enable innovation in shop floor processes and business innovation■ A model of DX on manufacturing shop floors with Symphonict

ExpandImprovingproduction efficiency
Automation of processes

Labor saving andshift to unmanned operation
Digitalization

Process innovation
Automation anddigitalization

6

Visualization
Data analysis

Improvement proposals

Location
information

Existingsystem

Visualize andoptimize flows of goods
and humans

…

Video
monitoring

AI/BIDigitalization…

Data collection(IoT/5G)

NetworkSecurity

Fully managed

Systems integration andconstruction capabilities

DC-NOC-SOC collaboration

Operation andmaintenance support© NEC Networks & System Integration Corporation 2022

DB

Introduced to other business types
e.g. models for distribution and practicaloperations in storesStart with ICT systems integration, construction, operation and maintenance to expand into innovation andthe digitalization of customers' work-styles and processes

Key Strategies: (4) DX-based public business

Public: local governments and public-interest companies

Introduce work-style innovation and process improvements to the public sector
Use LGWAN-ASP and other DX services for digitalization and for improving staff's workstyles and services for inhabitants■ Public DX model with the use of Symphonict
Achieve staff work-style innovation, operational innovation, safe, secure and quick services for inhabitants (digitalization ofthe public sector) and regional revitalization
ExpandStaff work-style innovation

Carry out work-styleinnovation with theuse of DX

Solutions for improving
business processes
Review work-styles
and efficiency

Existingsystem
7

Improvement of services
for inhabitants

Process improvement

Use DX tools and ICT
Acceleratedigitalization

Regional revitalization

Use LGWAN-ASP
Facilitateefficiency…

NetworkSecurity

Cloud

Systems integrationand construction

Collaboration of terminals
and network security with security
operation centers (SOC)

Data center services
and operation© NEC Networks & System Integration Corporation 2022…
DB…

Medium Range Targets of DSL¥Bn.

Net sales

Operating income

FY22/3-25/3

108.0

117

CAGR
+6%

FY22/3-25/3

CAGR
+13%

130
13.1

FY22/38

FY23/3(forecast)

FY25/3(target)

15.0

12.1%

12.8%

FY22/3

FY23/3(forecast)*FY22/3 figures are numbers for reference by rough reclassification. Audited figures will be disclosed.
FY23/3 forecasts and FY25/3 targets are as at May 2022.

© NEC Networks & System Integration Corporation 2022

19.0

14.6%

to salesFY25/3(target)

https://www.nesic.co.jp/english/ir/

Cautionary Statement
Forecasts and targets of results mentioned in this document are future estimatesand are thus inclusive of risks and uncertain factors since they are not based on definitefacts. Please be aware that a variety of factors could cause actual results to differ
significantly from those projected. The major factors affecting actual results include theeconomic climate and social trends surrounding the business of this Company’s group,
consumer trends vis-a-vis systems and services provided by this Company’s group, as
well as pressure to lower prices and ability to cope with the market in response tointensified competition.
Factors affecting results are not limited to the ones mentioned above.
There will be some change in our business segment according to a refine in ourorganization in April 2022. The new segment figures shown in these slides are numbers
for reference by rough reclassification.

10© NEC Networks & System Integration Corporation 2022